Market News

It was a choppy day of trading on Wall Street with all the major indices in positive territory by mid afternoon, following the release of mostly better-than-expected economic data this morning.

The economy grew faster than expected in the third quarter. Gross domestic product grew at a 2.7 percent annual rate, according to the Commerce Department.

Cree (CREE) was downgraded by Deutsche Bank (DB) to hold from buy with a price target of $33, as the firm believes that the stock price has little room to go higher, given that shares are already higher by 50% this year.

Analysts said the sale of the group's rail division could spur a takeover.

Exco Resources Incorporated (XCO) maintained its quarterly dividend of 4 cents per share. The dividend is payable on December 28, 2012 to holders of record on December 14, 2012.

Plantronics (PLT) was upgraded by JP Morgan (JPM) to overweight from neutral with a price target of $41, as the recent stock price weakness provides investors with an attractive entry point.

Stocks tilted higher at midday after statements from House Speaker John Boehner and other lawmakers sent major indexes into a brief tailspin.

Irving Picard, who this year returned $2.4 billion to Bernard Madoff's cheated investors, is seeking bankruptcy-court approval of $61.7 million in fees for himself and his law firm.

Guess (GES) was upgraded by Piper Jaffray (PJC) to overweight from neutral with a price target of $31, as domestic sales are improving.

U.K. banks will have to raise "material" amounts of fresh capital or sell some businesses, the Bank of England said in its starkest warning yet to banks to restore investor confidence and get credit flowing.

A federal appeals court reversed the convictions of two former Ernst & Young employees in an alleged scheme to promote fraudulent tax shelters that prosecutors said generated $2 billion in improper tax losses.

The US Securities and Exchange Commission didn’t file more cases for accounting and disclosure fraud in fiscal year 2012. In fact, the Commission filed less.

The dollar dropped against most major rivals as investors grew optimistic about the potential for a "fiscal cliff" deal between Congress and the White House.

In trading on Thursday, real estate shares were relative leaders, up on the day by about 4.3%. Leading the group were shares of China Hgs Real Estate (HGSH), up about 48.3% and shares of Tejon Ranch (TRC) up about 4% on ...

Japan's biggest bank, MUFG, is in discussions on purchasing Bank of America Merrill Lynch's share in a private-banking joint venture operated by the pair, in a deal that would be worth about $487 million.

In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of Advance Auto Parts (AAP), off about 5.7% and shares of Autonation (AN) off...

(Kitco News) - With a more robust focus being put on developing mining operations in northern Québec over the last few years, dealing with the above-ground frigid temperatures is not the only issue mining companies fa...

Look out for these top tablets this holiday season.

Tiffany (TIF) announced that net income in the third quarter dropped by 30 percent due to higher tax rates, economic weakness, and increased costs. The company earned $63.2 million, or 49 cents per share, down from $89.7...

London's blue-chip index climbed 0.9pc in early deals.

China's change in political leadship may not have much effect on UK investors, but it is still the nation to watch.

Which has fared best in the crisis, old money or new? It's hard to say with any degree of accuracy, or indeed discern any meaningful patterns, without long and academic study.