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Market News

Location American Market News for 10 January 2013

Daily Wrap: 1/10/12

Forbes - 10 Jan 2013 23:50
The markets were higher today despite a light day of trading as investors are looking ahead to more earnings reports next week.
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Dakar Rally hit by deaths

CNN - 10 Jan 2013 23:32
The Race to Dakar has been marred by injuries to three Britons after they were involved in a road traffic accident in South America, which left two others dead.
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First Time Claims Increase

Forbes - 10 Jan 2013 22:29
The Labor Department announced on Thursday first-time jobless benefits claims rose by 4,000 this week to 371,000 claims.
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Analyst Moves: AIG, EMC

Forbes - 10 Jan 2013 21:42
American International Group (AIG) was downgraded by Wells Fargo (WFC) to market perform from outperform due to a lack of catalysts in the near term to drive the stock price higher.
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Analyst Moves: BRC, FISV

Forbes - 10 Jan 2013 21:21
Brady (BRC) had its estimates and price target increased by BMO (BMO) as recent acquisitions should add to the bottom line.
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Bunzl impresses with spate of deals

Telegraph - 10 Jan 2013 20:57
Bunzl impresses with spate of deals Distribution group chased higher after revealing three acquisitions.
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Analyst Moves: HTZ, MSFT

Forbes - 10 Jan 2013 20:51
Hertz (HTZ) was downgraded by Morgan Stanley (MS) to underweight from overweight with a price target of $18, due to increased used car pricing.
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Colgate Palmolive Company (CL) maintained its quarterly dividend of 62 cents per share. The dividend is payable on February 15, 2013, to shareholders of record on January 24, 2013.
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The Light Bulb Moment: Lights Out In America? When I turn on my lights I get a yellow glow for a bit then a bit of flicker followed by a proper, though slightly unsatisfying, light. That?s because incandescent bulbs are banned and I now have new ?hi-tech? fluorescen...
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In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of North American Palladium Limited (PAL), up about 6.3% and shares of International Tower ...
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In trading on Thursday, metals fabrication & products shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Molycorp (MCP), off about 23.3% and shares of Nci Building Sy...
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What Does 2013 Have In Store For The Solar Sector? Last year was a challenging year, to say the least, for the solar sector. The chronic oversupply of solar panels caused prices to decline sharply through the year, eroding profit margins across the industry. Demand in ke...
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Retire On Pennies: Slash Fund Fees Early

Forbes - 10 Jan 2013 17:18
Retire On Pennies: Slash Fund Fees Early It's sometimes hard to impress upon people the impact of fees. In a recent Wall Street Journal article, however, I saw the perfect example sitting about halfway through the piece.
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Apple's Most Notable Retail Stores

Forbes - 10 Jan 2013 17:07
Apple's Most Notable Retail Stores An around the world look at Apple's most noteworthy retail stores.
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Anti-Gun Movement Begins To Form: N.Y.'s Cuomo Fires First At Gun Industry New York Gov. Andrew Cuomo has pushed ahead to make his state the leader in the new push to tighten gun laws. The governor's thinking offers a glimpse at what other states and the federal government might do, and helps t...
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Proof Positive Of Nokia Turnaround With 4.4 Million Lumia Phones Sold Now there is proof positive that Nokia is turning around what had been a business that woefully trailed in smart phones. The company reports that it has sold 4.4 million Lumia smart phones in the fourth quarter.
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Forbes Earnings Preview: Lennar

Forbes - 10 Jan 2013 16:15
Analysts expect higher profit for Lennar (LEN) when the company reports its fourth quarter results on Tuesday, January 15, 2013. The consensus estimate is calling for profit of 43 cents a share, reflecting a rise from 16...
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Analysts expect disappointing news from Forest Laboratories (FRX) when it reports its third quarter earnings on Tuesday, January 15, 2013. They project a loss of -13 cents a share after the company booked a profit of $1....
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PriceSmart, Tiffany Announce Earnings

Forbes - 10 Jan 2013 15:53
PriceSmart (PSMT) announced that it earned $20 million, or 66 cents per share, for the most recent fiscal quarter, versus earnings $14 million, or 47 cents per share, in the same period last year. Revenue was $535.4 mill...
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FTSE 100 edges back above 6,100

Telegraph - 10 Jan 2013 13:59
FTSE 100 edges back above 6,100 Bunzl led the risers after a spate of acquisitions.
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BATS Cites 'System Issue' for Pricing Problems

Wall Street Journal - 10 Jan 2013 07:28
Stock-exchange operator BATS Global Markets said a "system issue" has allowed hundreds of thousands of transactions to be executed at prices that weren't the regulator-required best ones available at the time.
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Rules Set for Home Lenders

Wall Street Journal - 10 Jan 2013 07:11
New mortgage rules set to be unveiled Thursday by the Consumer Financial Protection Bureau will spell out how lenders must ensure that borrowers can repay their home loans.
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