Market News
Stocks Stage Late Rally
Wall Street Journal - 27 Dec 2012 23:59
The Dow industrials nearly escaped a fourth-straight daily loss, recouping most of a 151-point intraday slide on reports the House of Representatives will reconvene early to try to avert the fiscal cliff.
Daily Wrap: 12/27/12
Forbes - 27 Dec 2012 23:49
Stocks fell into negative territory today with investors reacting to a mixed bag of economic reports.
This Stock Has A 9.68% Yield, Sells For Less Than Book, and Insiders Have Been Buying
Forbes - 27 Dec 2012 23:16Natural Gas Watches the Weather
Wall Street Journal - 27 Dec 2012 22:36
Natural-gas futures fell again as investors continued to take a wait-and-see approach to winter forecasts during a season that has so far seen little cold weather.
Japan's Yen Drive Could Spark Copycats
Wall Street Journal - 27 Dec 2012 22:26
Japan's new leaders have been unusually explicit about their hopes for the yen's foreign-exchange level. Their success could lead to imitation and complicate relations with other countries.
Analyst Moves: MGM
Forbes - 27 Dec 2012 20:46
MGM Resorts (MGM) had its estimates raised by Craig-Hallum as the company's debt refinance should add to the bottom line. A hold rating was issued with a price target of $12.
Fiscal cliff fears grow, while consumer confidence plunges
Telegraph - 27 Dec 2012 20:21
US consumer confidence plunged to the lowest level in a year, as fears grew on Thursday night that the world's largest economy will fall over the so-called fiscal cliff in days.
Stocks Trading Ex-Dividend on Friday: DELL, APD, CMCSA, CUBE, GPS
Forbes - 27 Dec 2012 20:21
Among stocks trading ex-dividend on Friday, Dell (DELL) shareholders will be eligible for a quarterly dividend of $0.08 per share, representing a yield of 3.11 percent based on the current stock price.
Analyst Moves: AEGR, DPZ
Forbes - 27 Dec 2012 18:44
Aegerion Pharmaceuticals (AEGR) had its price target increased by Jefferies (JEF) to $29 with a buy rating, as the approval of Juxtapid should add to earnings.
Thursday Sector Laggards: Music & Electronics Stores, Manufacturing Stocks
Forbes - 27 Dec 2012 18:03
In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 0.9%. Helping drag down the group were shares of Radioshack (RSH), down about 3.1% and shares of Best Buy (BBY) o...
Thursday Sector Leaders: Textiles, Biotechnology Stocks
Forbes - 27 Dec 2012 18:02
In trading on Thursday, textiles shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Deckers Outdoor (DECK), up about 4.4% and shares of Skechers Usa (SKX) up about 2.3% on the day...
Markets pare gains on fiscal cliff worries
Telegraph - 27 Dec 2012 17:48
Markets on both sides of the Atlantic pared their gains in afternoon trading on concerns over the US fiscal cliff and disappointing US data.
U.S. Will Reach Debt Limit Dec. 31--And Begin To Have Trouble Paying Bills
Forbes - 27 Dec 2012 16:39
The U.S. federal government will soon run short of money once the country reaches its borrowing limit on Dec. 31. Within weeks, there will be an unprecedented shortage in the nation's coffers, Treasury Secretary Timothy ...
FTSE 100 at 17-month high on China, fiscal cliff hopes
Telegraph - 27 Dec 2012 15:35
The FTSE 100 has risen to a 17-month high as it flirted with the psychologically important 6,000 level lifted by encouraging data from China and renewed hopes of fiscal cliff deal.
Steinway No Longer For Sale; Marvell Found Guilty of Patent Infringement
Forbes - 27 Dec 2012 15:25
Steinway Musical Instruments (LVB) announced on Wednesday that it was no longer putting itself up for sale. The company has struggled to keep margins competitive despite stagnant sales. The company has been implementing ...
FTSE 100 rises as US resumes fiscal cliff talks
Telegraph - 27 Dec 2012 14:30
The FTSE 100 opened down before edging higher in early trading as US lawmakers prepared to resume negotiations to avoid the fiscal cliff and the yen hit a 21-month low on the prospect of drastic monetary easing.
Woman drag racer eyes NASCAR
CNN - 27 Dec 2012 11:51
Nicole Lyons shifts gears from drag racing to NASCAR as the only African-American woman driver. George Howell reports.
FTSE 100 in limbo as US resumes fiscal cliff talks
Telegraph - 27 Dec 2012 11:31
The FTSE 100 opened down before edging higher in early trading as US lawmakers prepared to resume negotiations to avoid the fiscal cliff and the yen hit a 21-month low on the prospect of drastic monetary easing.
Rob Hamilton to sell £16m Instant Offices stake
Telegraph - 27 Dec 2012 09:00
A former commercial property agent is poised to receive a multi-million pound cash windfall after agreeing to sell a stake in Instant Offices to a private equity firm.
Brokers suffer as trades tumble
Telegraph - 27 Dec 2012 09:00
Trading in shares tumbled this year as investors steered clear of equity markets, putting further pressure on the City's beleaguered stockbroking firms.
Debt Ceiling Nears as Budget Talks Stymied
Wall Street Journal - 27 Dec 2012 07:11
Treasury said the government would hit its legal borrowing limit by Monday, setting in motion emergency measures to keep the government operating for several more weeks.
BRICs Need to Change Their Tune
Wall Street Journal - 27 Dec 2012 06:51
Brazil, Russia, India and China are the John, Paul, George and Ringo of the emerging markets—a neatly packaged group of disparate individuals that sometimes inspires hysteria.