Market News
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.
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.
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.
Sprott Physical Platinum and Palladium Trust Announces IPO of 28,000,000 Trust Units
Forbes - 19 Dec 2012 22:55
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...
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...
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...
Daily Dividend Report: KBR, O, SAI, DRH, KMF
Forbes - 19 Dec 2012 22:26
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...
Libor Scandal Just Took A Nasty Turn, Collusion Findings Should Make Banks Very Nervous
Forbes - 19 Dec 2012 22:14Pimco'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.
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.
Things Billionaires Can Have That Millionaires Can't
Forbes - 19 Dec 2012 20:41
By: Eddie Staley
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.
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.
Daily Dividend Report: ALV, BBT, FE, FITB, CSC
Forbes - 19 Dec 2012 18:51
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...
5 More Stocks For Your Stocking
Forbes - 19 Dec 2012 18:40Wednesday Sector Leaders: Auto Parts, Airlines
Forbes - 19 Dec 2012 18:12
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...
Wednesday Sector Laggards: General Contractors & Builders, Water Utilities
Forbes - 19 Dec 2012 17:51
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...
5 Mutual Funds For Those Who Want To Sleep Well in 2013
Forbes - 19 Dec 2012 16:57EURO Strength Falls Under Bank of Japan Spell
Forbes - 19 Dec 2012 16:42Why Sirius XM's Future Just Became Less Murky
Forbes - 19 Dec 2012 16:08Hip-Hop's Future Billionaires
Forbes - 19 Dec 2012 16:08
A look at the artists most likely to end up on a future edition of the Forbes 400.
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 ...