Market News
USA Compression Partners Announces IPO
Forbes - 7 Jan 2013 23:02
USA Compression Partners announced today the launch of its IPO of 10,000,000 common units representing limited partner interests. The common units have been approved for listing on the New York Stock Exchange under the t...
Daily Dividends Report: SBRA, WSCI, ABBV, DDR, BPT
Forbes - 7 Jan 2013 22:54
Sabra Healthcare REIT Incorporated (SBRA) announced its quarterly dividend of 34 cents per share, an increase of about 3% over its prior dividend in November of 33 cents. The dividend will be paid on February 28, 2013 to...
Daily Wrap: 1/7/13
Forbes - 7 Jan 2013 22:40
The major indexes retreated as investors eased off of an inflated market, in the face of another battle in Washington - this time over the nation's debt ceiling. President Obama has said he refuses to negotiate. That's n...
Corporate Bonds to Get Extra Boost as Bank Rules Are Eased
Wall Street Journal - 7 Jan 2013 22:34
A change of rules allowing corporate debt to count toward funds that banks must hold to guard against potential financial stress may push bond prices even higher as demand continues to outstrip supply, analysts say.
Bet On Las Vegas Sands And Melco To Win On Macau Gaming Growth
Forbes - 7 Jan 2013 22:30Analyst Moves: INTC, MTD
Forbes - 7 Jan 2013 22:15
Intel (INTC) was upgraded by Lazard Capital Markets (LAZ) to buy from neutral with a price target of $26 as margins should improve after the first quarter, while ultrabooks should drive growth for the remainder of the ye...
BofA Deal Resolves Mortgage Headache
Wall Street Journal - 7 Jan 2013 21:54
Bank of America reached an $11.6 billion settlement with Fannie Mae, in a bid to resolve its biggest hangover from the acquisition of Countrywide Financial five years ago.
Banks, Regulators Reach Settlement
Wall Street Journal - 7 Jan 2013 21:50
Ten U.S. banks reached a $8.5 billion agreement with bank regulators to settle charges of foreclosure abuses. Bank of America, J.P. Morgan Chase, Wells Fargo and Citigroup signed on to the pact.
Analyst Moves: AMAT, FINL
Forbes - 7 Jan 2013 21:28
Applied Materials (AMAT) was downgraded by JP Morgan (JPM) to underweight, due to a trough in semiconductor capex.
Daily Dividend Report: REXI, AYI, CMC, PNG, PAA
Forbes - 7 Jan 2013 20:12
Resource America Incorporated (REXI) maintained its quarterly dividend of 3 cents per share. The dividend will be paid to all holders of record at the close of business on January 18, 2013.
Cerberus to Sell Most of Aozora Stake
Wall Street Journal - 7 Jan 2013 20:05
U.S. private-equity firm Cerberus plans to sell most of its 58% stake in Japanese lender Aozora, largely exiting a 10-year roller-coaster investment.
Treasury Auction
Wall Street Journal - 7 Jan 2013 19:24
The Treasury plans to auction $40 billion in reopened four-week bills Tuesday.
Citi Names Co-Presidents
Wall Street Journal - 7 Jan 2013 18:55
The bank filled a slot that had been open since the surprise exit of Vikram Pandit. It also elevated Brian Leach to head of risk and strategy.
Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Metals & Mining Stocks
Forbes - 7 Jan 2013 18:42
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Alderon Iron Ore (AXX), up about 11.7% and shares of Western Cop...
Monday Sector Laggards: Education & Training Services, Consumer Services
Forbes - 7 Jan 2013 18:41
In trading on Monday, education & training services shares were relative laggards, down on the day by about 4%. Helping drag down the group were shares of Itt Educational Services (ESI), down about 19.6% and shares of Ca...
Taxes Cannot Explain Apple's Big Selloff
Forbes - 7 Jan 2013 18:31Four Strong Stocks for the New Year
Forbes - 7 Jan 2013 18:20Regulators Give Ground to Banks
Wall Street Journal - 7 Jan 2013 18:16
Banking regulators watered down their plan for creating a safer financial system, giving ground to banks that argued the plans were unworkable and financially risky.
Week Ahead Market Report: 1/7/2013
Forbes - 7 Jan 2013 15:40
Investors are kicking off 2013's second trading week with news that Bank of America (BAC) reached a $3.6 billion settlement with Fannie Mae to resolve claims related to residential mortgage loans.
Carlyle Group Exits China Pacific
Wall Street Journal - 7 Jan 2013 14:12
The U.S. private equity firm Carlyle Group is selling its remaining stake in China Pacific Insurance, bringing its lucrative investment in the insurer to an end.
Funds: What's Hot and What's Not
Wall Street Journal - 7 Jan 2013 05:32
Among newer types of mutual funds and exchange-traded funds, here are three varieties that are gaining traction and three that aren't.
Commodities ETFs Narrow Their Focus
Wall Street Journal - 7 Jan 2013 00:18
Need to Know: Newer funds offer more targeted exposure, but that means extra risk.