Market News

Sysco (SYY) was downgraded by Morgan Stanley (MS) from underweight to equal-weight with a price target of $27 as margins have been pressured due to food inflation.

Gladstone Capital Corporation (GLAD) maintained its monthly dividend of 7 cents per share. The dividend is payable on January 31 to shareholders of record as of January 18th.

The ExOne Company, a global provider of three-dimensional printing machines and printed products to industrial customers, today announced that it has filed a registration statement with the SEC for a proposed IPO of its ...

Global Payments (GPN) was upgraded by JP Morgan (JPM) from neutral to overweight, as a solid fiscal quarter should lead to good earnings for the rest of the year.

Morgan Stanley plans to cut 6% of employees in its institutional securities business.

UBS lost sight of its historic principles during a growth spree, the head of its investment bank said, setting the backdrop for the interest-rate fixing scandal that cost it $1.5 billion in settlements with regulators.

The firm's decision follows a similar move by Goldman Sachs, and experts say more fund companies could follow suit.

One of the impacts from the fiscal cliff legislation to be felt by high-income earners is the reintroduction of the Pease limitation, reduces the amount of itemized deductions that certain taxpayers are allowed. While th...

Bank of America (BAC) was downgraded by Credit Suisse (CS) to outperform from neutral as the stock price has approached the previously set $12 price target.

Chinese regulators are expected to reject HSBC's deal to sell a minority stake in Chinese insurer Ping An to Thailand's Charoen Pokphand Group.

Wall Street is expecting higher profit for PPG Industries (PPG) when the company reports its fourth quarter results on Monday, January 14, 2013. The consensus estimate is calling for profit of $1.54 a share, a rise from ...

In trading on Wednesday, vehicle manufacturers shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Tata Motors Limited (TTM), up about 5.7% and shares of Kandi Technolgies Group (K...

In trading on Wednesday, education & training services shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of Apollo Group (APOL), off about 9.4% and shares of Devry (DV)...

Switzerland, a paragon of safety in finance, is engaged in a high-risk strategy to protect its export-driven economy, literally betting the bank in a fight to contain the prices of Swiss products sold abroad.

Constellation Brands (STZ) announced that third quarter profits increased as a result of marketing activity. The company earned $110 million, or 58 cents per share, up from $105 million, or 52 cents per share in the same...

The gold miner was the biggest riser on the FTSE 250 this morning.

Two more members of the management team that steered J.P. Morgan Chase & Co. through the credit crisis have taken new jobs, as the largest U.S. bank assembles a younger set of top leaders.

In 2013, the U.S. dollar has been behaving like its old self.

Alcoa swung to a profit in the fourth quarter, helped by stabilizing prices for raw aluminum, increased sales in the higher-profit aerospace business and cost-cutting efforts.

Asian markets were mixed early Wednesday, with the Nikkei falling 0.3% as a stronger yen weighed on the Japanese market.

Clearwire received an unsolicited bid from Dish Network to buy the wireless broadband operator, in a broadside against Sprint Nextel's agreed-upon buyout offer.

Pension funds in Canada have poured about $9 billion into U.S. commercial real estate in the past three years, after largely steering clear of owning hotels, office buildings and apartments in the U.S. before then.