Market News
Startups Adjust to Web's Down Cycle
Wall Street Journal - 24 Dec 2012 03:18
Now that Facebook, Zynga and Groupon have fizzled in their first year on the stock market, hype over hot technology trends has faded, and that means still-private Web startups must deal with the downside.
Delayed Payment Puts Spotlight on China's Trust Companies
Wall Street Journal - 24 Dec 2012 20:37
Trust companies have become a key part of what is sometimes called China's shadow banking system. In another example of the risks, an arm of financial conglomerate China Citic Group said it won't make an interest payment...
Daily Wrap: 12/24/2012
Forbes - 24 Dec 2012 20:22
Stocks dipped on skepticism there will be a substantial budget deal. Stocks were off earlier lows on optimism budget leaders will come up with some sort of a quick fix before time runs out before the year-end deadline.
Daily Dividend Report: RBN, FBIZ, FMAO
Forbes - 24 Dec 2012 18:51
Robbins & Myers (RBN) maintained its quarterly dividend of 5 cents per share. The dividend is payable on February 8, 2013 to shareholders of record as of January 7, 2013.
Monday Sector Leaders: Metals Fabrication & Products, Airlines
Forbes - 24 Dec 2012 17:45
In trading on Monday, metals fabrication & products shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of China Gerui Advanced Materials G (CHOP), up about 4.8% and shares of Trex (T...
Monday Sector Laggards: Waste Management, Shipping Stocks
Forbes - 24 Dec 2012 17:44
In trading on Monday, waste management shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of Swisher Hygiene (SWSH), down about 3.2% and shares of Clean Harbors (CLH) do...
MF Global Trustees Reach Deal
Wall Street Journal - 24 Dec 2012 17:26
The court-appointed authorities liquidating various parts of failed brokerage MF Global agreed to settle long-running legal disputes.
Weekly Ahead Market Report: 12/24/2012
Forbes - 24 Dec 2012 16:06
The first trading day of the holiday shortened trading week opens today with investors sending stocks lower as talks to avert the fiscal cliff seem to have stalled. Good morning, this is Kristin Bianco with the Week Ahea...
LSE Revises Offer for LCH
Wall Street Journal - 24 Dec 2012 13:05
The London Stock Exchange Group cut its offer for a 60% stake in clearinghouse LCH.Clearnet, as the companies inched toward an agreement that has been delayed by new European regulations.
Norway Looks to Spread Wealth to U.S.
Wall Street Journal - 24 Dec 2012 06:44
After spending the past two years increasing investments in Europe's high-end real-estate market, Norway's $682 billion oil fund is poised to hit the U.S. property market with deep pockets and an appetite for big-ticket ...
Probe of Big Bank Widens
Wall Street Journal - 24 Dec 2012 05:13
The SEC and other federal agencies are examining allegations that Regions Financial improperly classified loans that went bad during the financial crisis.
U.S. Follow-On Stock Sales Top IPOs
Wall Street Journal - 24 Dec 2012 03:36
AIG stock was the biggest source of follow-on offerings. Overall, proceeds from such share sales was about triple that of IPOs.
Legal Maze's Murkiest Corners
Wall Street Journal - 24 Dec 2012 03:04
In-house legal chiefs at top companies cited a new federal program that lets the SEC pay bounties to whistleblowers for tips, a strict U.S. foreign-bribery law and patent litigation as their main concerns for the new yea...