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Market News

Location American Market News for 19 December 2012

Talk to Sell Gun Maker Began After Shooting

Wall Street Journal - 19 Dec 2012 05:05
Cerberus Capital will try to sell the maker of the rifle used in last week's school massacre.
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Daily Wrap: 12/19/2012

Forbes - 19 Dec 2012 23:50
After a weak open this morning, the markets remained in negative territory as investors continue to keep a close eye on the fiscal cliff negotiations.
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Treasurys Rally; Auction Gets Strong Demand

Wall Street Journal - 19 Dec 2012 23:28
Treasurys bounced back as buyers returned to the market and bid up a seven-year note auction, looking to take advantage of the recent price drop.
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Sprott Asset Management today announced that Sprott Physical Platinum and Palladium Trust, a trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion and managed by Spro...
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Housing Starts, Building Permits Fall

Forbes - 19 Dec 2012 22:36
New housing starts fell by 3% in November in part due to the effects of Hurricane Sandy, according to the Commerce Department. Construction began on new privately owned residential homes at a seasonally adjusted annual r...
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Rate-Rigging at UBS 'Routine and Widespread'

Wall Street Journal - 19 Dec 2012 22:34
UBS acknowledged that dozens of its employees were involved in efforts to manipulate Libor and other benchmarks as it agreed to pay roughly $1.5 billion to settle the accusations. Two former traders face U.S. criminal ch...
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KBR Incorporated (KBR) announced its quarterly dividend of 8 cents per share, an increase of about 60% over its prior dividend in December of 5 cents. The dividedn will be paid on April 15 to shareholders of record as of...
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Libor Scandal Just Took A Nasty Turn, Collusion Findings Should Make Banks Very Nervous The worst case scenario around findings in the global Libor investigation may become a reality for banks.
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Pimco's Gross Cuts Back on MBS

Wall Street Journal - 19 Dec 2012 22:06
Bond guru Bill Gross is paring back one of the main trades that helped the world's biggest bond fund make an impressive comeback this year from its humiliating performance in 2011.
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Analyst Moves: CB, HRB

Forbes - 19 Dec 2012 21:34
The Chubb Corporation (CB) was downgraded by Morgan Stanley (MS) from overweight to equal weight, as investment income growth is being constrained by low yields.
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By: Eddie Staley
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Analyst Moves: ACMP, ORCL

Forbes - 19 Dec 2012 19:46
Access Midstream (ACMP) was upgraded by UBS (UBS) from neutral to buy with a price target of $39, as the current stock price provides investors with an attractive entry point from a risk/reward perspective.
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Japanese Deals Likely To Keep Flowing

Wall Street Journal - 19 Dec 2012 19:44
The big change next year could be an increased push for M&A at home as well as abroad, as companies struggle to make domestic operations sleeker and more competitive.
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Autoliv Incorporated (ALV) maintained its quarterly dividend of 50 cents per share. The dividend declared today will be payable on Thursday, March 7, 2013 to Autoliv shareholders of record on the close of business on Thu...
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5 More Stocks For Your Stocking

Forbes - 19 Dec 2012 18:40
5 More Stocks For Your Stocking Impressive price and volume action Tuesday is consistent with the resumption of the intermediate term uptrend and Moneyshow’s Tom Aspray has five stocks in the hottest sectors that may reach their buy levels befor...
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In trading on Wednesday, auto parts shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of Johnson Controls (JCI), up about 3.1% and shares of Delphi Automotive (DLPH) up about 2.9% o...
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In trading on Wednesday, general contractors & builders shares were relative laggards, down on the day by about 2%. Helping drag down the group were shares of Lennar (LEN), off about 3.1% and shares of Meritage Homes (MT...
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5 Mutual Funds For Those Who Want To Sleep Well in 2013 Some investors will tolerate risks for the profits that they can produce. Others like to sleep soundly at night, content with a more grounded strategy.
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EURO Strength Falls Under Bank of Japan Spell The single currency EUR has surged to a new seven-month high after S&P upgraded Greece five notches to B-minus from selective default. The credit agency seems to be trying to send a signal that perhaps the worst of Greec...
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Hip-Hop's Future Billionaires

Forbes - 19 Dec 2012 16:08
Hip-Hop's Future Billionaires A look at the artists most likely to end up on a future edition of the Forbes 400.
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Why Sirius XM's Future Just Became Less Murky There is nothing that Wall Street hates more than uncertainty. This has been one of the main points of contention whenever there is a discussion involving Sirius XM. Although the company has been one of the best turnarou...
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FedEx Announces Earnings

Forbes - 19 Dec 2012 15:42
FedEx (FDX) announced that it earned $438 million, or $1.39 per share, versus $487 million, or $1.57 per share, in the same period last year. Analysts had expected earnings of $1.41 per share. Revenue increased by $11.1 ...
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