Market News
Daily Wrap: 12/4/2012
Forbes - 4 Dec 2012 23:52
Stocks traded mostly flat today over lingering worries over the fiscal cliff.
Corporate Executive Board Future Brighter Than Past
Forbes - 4 Dec 2012 22:54Gupta to Remain Free Pending Insider Appeal
Wall Street Journal - 4 Dec 2012 22:43
Former Goldman Sachs director Rajat Gupta will remain free on bail, possibly for several years, while he makes a bid to appeal his conviction on insider-trading charges.
Why Going Over The Fiscal Cliff Makes Sense To Politicians
Forbes - 4 Dec 2012 22:1612 Stocks To Buy In 2013
Forbes - 4 Dec 2012 22:16
Top advisors offer up their best ideas for 2013.
Tide Shifts on China's U.S. Listings
Wall Street Journal - 4 Dec 2012 22:08
As interest in U.S.-listed Chinese companies wanes, investment banks that were instrumental in steering firms onto the U.S. exchanges are helping to take some of the businesses private again.
Gold Settles Below $1,700
Wall Street Journal - 4 Dec 2012 21:44
Gold slumped to a four-week low, settling below $1,700 an ounce after its second sudden selloff in less than a week.
Vail Resorts, Female Health Announce Earnings
Forbes - 4 Dec 2012 21:26
Vail Resorts (MTN) announced that its loss increased in the fiscal fourth quarter, and warned that the company may not meet earnings expections for the year. The company said it lost $60.6 million, or $1.70 per share, fo...
Pep Boys Announces Earnings
Forbes - 4 Dec 2012 21:16
Pep Boys — Manny, Moe & Jack (PBY) shares were lower after the company announced a loss due to increased costs and lower sales.
Analyst Moves: RY, TD
Forbes - 4 Dec 2012 21:01
Royal Bank of Canada (RY) was initiated with a buy rating by Citigroup (C) as the firm believes that the bank is better positioned than the market believes. A $67 price target was issued.
Analyst Moves: IACI, PNM
Forbes - 4 Dec 2012 19:45
IAC/InterActiveCorp (IACI) was downgraded by Goldman Sachs (GS) to sell with a price target of $42 due to increasing competition in the search business.
Apple Joins America's Biggest Dividend Payers
Forbes - 4 Dec 2012 19:28
iPad-maker to shell out $2.65 per share to investors starting in fiscal Q4.
Apple Earnings Will Grow, Just Don't Expect The Market To Pay A Fatter Premium
Forbes - 4 Dec 2012 19:28Stocks With Double-Digits Earnings Growth Key To Strong Portfolio
Forbes - 4 Dec 2012 19:06Silver Bay Realty Trust Announces Launch of IPO
Forbes - 4 Dec 2012 18:53
Silver Bay Realty Trust announced today that it has commenced an IPO of 13,250,000 shares of common stock at an anticipated initial public offering price of between $18.00 and $20.00 per share. In addition, the underwrit...
Daily Dividend Report: QCOR, FDO, WDC, FRC, CLI
Forbes - 4 Dec 2012 18:40
Questcor Pharmaceuticals Incorporated (QCOR) maintained its quarterly dividend of 20 cents per share. The dividend we be paid around December 21 to shareholders of record on December 14. The company moved up the dividend...
Rally Gets A Rest As Apple And Google Slip A Bit
Forbes - 4 Dec 2012 17:56Tuesday Sector Laggards: Sporting Goods & Activities, Restaurants & Eateries
Forbes - 4 Dec 2012 17:53
In trading on Tuesday, sporting goods & activities shares were relative laggards, down on the day by about 1.2%. Helping drag down the group were shares of Vail Resorts (MTN), down about 9.2% and shares of Six Flags Ente...
2 Tech Giants with Ugly Charts
Forbes - 4 Dec 2012 17:48Toll Brothers Announces Earnings
Forbes - 4 Dec 2012 15:54
Toll Brothers (TOL) announced that it earned $411.4 million or $2.35 per share, in the fiscal fourth quarter, versus $15 million, or 9 cents per share, in the same period last year, mainly due to a $350.7 million tax ben...
This is BIG: The SEC -- At Last -- Takes the Lid Off China Stock Scams
Forbes - 4 Dec 2012 15:50A.M. Kitco Metals Roundup: Gold Solidly Lower, Dips Below $1,700.00, on Fresh Technical Selling
Forbes - 4 Dec 2012 15:23
(Kitco News)Â - Comex gold futures prices are solidly lower in early trading Tuesday and hit a fresh four-week low of $1,698.50, basis the active February contract. Fresh technical selling pressure that started in thin...