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Market News

Location American Market News for 28 January 2013

AIG: Bailout In Brief

Forbes - 28 Jan 2013 23:53
AIG: Bailout In Brief With the AIG board mulling whether to join a shareholder lawsuit against the U.S. government, a look back at how we got here.
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Corning's Earnings Preview: Will Gorilla Glass Sales Offset Lower LCD Prices? Corning will announce its fourth quarter and full year 2012 earnings on Tuesday, January 29. In the nine months ended September 30, 2012, earnings were down 35% year-over-year to $0.95 per share due to declining LCD and ...
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How Much For This Art?

Forbes - 28 Jan 2013 23:16
How Much For This Art? The New York Times has published a lengthy article by Robin Pogrebin and Kevin Flynn on the question of oversight and regulation of the art market that includes the views of those who say that art market "monitoring has ...
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Daily Market Wrap: 12/28/2012

Forbes - 28 Jan 2013 23:04
Stocks are mixed midday on drop in pending home sales and unexpectedly positive durable goods orders for December.
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Analyst Moves: JBHT, TEX

Forbes - 28 Jan 2013 23:02
JB Hunt Transport Services (JBHT) had its numbers raised by Credit Suisse (CS) based on intermodal growth. A neutral rating was issued with a $68 price target.
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Apple Alumni: Where Are They Now?

Forbes - 28 Jan 2013 22:58
Apple Alumni: Where Are They Now? A look at some notable Apple hires and what they're doing today.
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Analyst Moves: BBBY, IMGN

Forbes - 28 Jan 2013 22:39
Bed Bath & Beyond (BBBY) was downgraded by Goldman Sachs (GS) from neutral to sell with a price target of $66, as the company has been losing market share and margins may have peaked.
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Wabtec Incorporated (WAB) maintained its quarterly dividend of 5 cents per share. The dividend is payable on March 1, 2013 to holders of record on Feb. 15, 2013.
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Retailers fall as FTSE 100 continues rally

Telegraph - 28 Jan 2013 21:43
Retailers fall as FTSE 100 continues rally The benchmark index broke above 6,300 during trading.
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(Kitco News) - Platinum futures hit two-week lows Monday on profit-taking that was encouraged in part by news suggesting Anglo American Platinum will delay some of the output cuts in South Africa announced earlier this m...
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Freeport Banks Future On Better Copper Production And Energy Exploration Freeport McMoRan Copper, the world's largest publicly traded copper company, released its Q4 results last Tuesday, January 22. While the quarterly revenues and net income grew year-over-year, annual revenues and net inco...
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Analyst Moves: HSY, BWA

Forbes - 28 Jan 2013 19:40
The Hershey Company (HSY) had its price target raised by Deutsche Bank (DB) to $72 with a hold rating, as the firm believes that the company deserves a higher premium to its valuation.
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Forbes Earnings Preview: Pitney Bowes

Forbes - 28 Jan 2013 19:37
Analysts are looking for decreased profit for Pitney Bowes (PBI) when the company reports its results for the fourth quarter on Thursday, January 31, 2013. Pitney reported profit of 61 cents a year ago, but the consensus...
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Forbes Earnings Preview: Dunkin' Brands

Forbes - 28 Jan 2013 19:36
Wall Street is optimistic about Dunkin' Brands (DNKN), which is slated to report its fourth quarter results on Thursday, January 31, 2013. Analysts project a profit of 33 cents a share, a rise from 30 cents per share a y...
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Harman International Industries (HAR) reports its second quarter earnings on Thursday, January 31, 2013.
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Forbes Earnings Preview: PerkinElmer

Forbes - 28 Jan 2013 19:36
PerkinElmer (PKI) is hoping its fourth quarter earnings report on Thursday, January 31, 2013 will help continue the momentum its stock price has enjoyed. Shares have risen 14% over the last three months to close at $35.6...
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Principal Financial Group (PFG) reports its fourth quarter earnings on Thursday, January 31, 2013.
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Analyst Moves: AKS, SIVB

Forbes - 28 Jan 2013 19:25
AK Steel (AKS) was downgraded by Goldman Sachs (GS) from neutral to sell with a price target of $3 due to margin risk at integrated mills.
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The World's Biggest Stock Exchanges

Forbes - 28 Jan 2013 19:24
The World's Biggest Stock Exchanges Emerging economies are gaining influence, but the biggest equity markets in the world are still U.S., Japanese and Western Europe powers like NYSE, Tokyo and the LSE.
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Bull Markets Brewing China And Japan But For Different Reasons Most of the world's developed countries are managing their fiscal crises with balance sheet expansions via quantitative easing, prompting investors to stack their bets on equities. Easy monetary policy is often friendly ...
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NiSource Incorporated (NI) maintained its quarterly dividend of 24 cents per share. The dividend is payable on February 20, 2013, to common stockholders of record at the close of business Feb. 4, 2013.
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In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 1.8%. Helping drag down the group were shares of KB Home (KBH), off about 3.5% and shares of Beazer Homes Usa (...
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