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Market News

Location American Market News for 27 December 2012

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.
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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.
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This Stock Has A 9.68% Yield, Sells For Less Than Book, and Insiders Have Been Buying In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
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Natural 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.
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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.
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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.
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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.
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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.
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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...
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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 ...
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Euro Still Too Expensive Versus Dollar, Expect Parity Financial headlines have a tendency to fixate on one shiny object after another.  In the summer of 2013 the topic du jour was the debt ceiling. Then it became the looming threat of widespread European defaults.  No...
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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 ...
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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.
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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.
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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%.
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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...
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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.
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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.
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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.
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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...
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