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.
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...
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 ...
Euro Still Too Expensive Versus Dollar, Expect Parity
Forbes - 27 Dec 2012 16:25Steinway 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 ...
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.
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.
Nikkei, HSI Hit New 2012 Highs; Yen Slides
Wall Street Journal - 27 Dec 2012 06:41
Asian stock markets were up on Thursday as shares in Tokyo and Hong Kong climbed to fresh 2012 highs. The Nikkei gained 1.4%.
In South Africa, Consumer Debt Bubble Forms
Wall Street Journal - 27 Dec 2012 04:55
A surge in personal loans, credit-card debt and overdrafts has allowed many working-class South Africans to bridge their earnings and the lifestyles they aspire to have. But now many of the country's banks are dialing ba...
Yen Tumbles to a 27-Month Low
Wall Street Journal - 27 Dec 2012 04:34
The yen slid to its lowest level against the dollar since September 2010 on Wednesday as Japanese officials signaled they would advance efforts to weaken their currency.
Japan Brokers Bet on Foreign M&A
Wall Street Journal - 27 Dec 2012 04:19
Two of Japan's top brokers say they are counting on growth in their M&A advisory businesses abroad to boost earnings amid a boom in overseas purchases by domestic companies.
Analyst Named in IBM-SPSS Insider Case
Wall Street Journal - 27 Dec 2012 04:14
Federal prosecutors accused a former research analyst arrested in Hong Kong over the weekend of giving confidential tips about a $1.2 billion acquisition by IBM and making about $8,000 ahead of the deal.
Daily Wrap: 12/26/2012
Forbes - 27 Dec 2012 00:07
It was a light day of trading on Wall Street as a disappointing retail report kept stocks under pressure. There are more signs of optimism for the housing market as the S&P Case Shiller home price index climbed 0.7 perce...