Market News
Wednesday 3/13 Insider Buying Report: APL, MDRX
Forbes - 13 Mar 2013 22:54
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
Blackstone Expands Loan Pact to Invest in Single-Family Homes
Wall Street Journal - 13 Mar 2013 22:05
Blackstone Group borrowed $2 billion from banks to invest in single-family homes it intends to rent out as the private-equity firm races to capitalize on an improving housing market.
Deutsche Bank Unit Is Fined
Wall Street Journal - 13 Mar 2013 21:04
Massachusetts securities regulators fined a unit of Deutsche Bank $17.5 million for failing to disclose conflicts of interest that arose from its various roles related to a $1.56 billion mortgage product.
CFTC Looking at London Gold, Silver Price Setting
Wall Street Journal - 13 Mar 2013 20:05
The Commodity Futures Trading Commission is discussing internally whether the daily setting of gold and silver prices in London is open to manipulation, according to people familiar with the situation.
Ecclestone wants Patrick in F1
CNN - 13 Mar 2013 19:59
Danica Patrick has already taken the world of NASCAR by storm and her achievements are being noted by those in charge of Formula One.
Ex-Head of J.P. Morgan's 'Whale' Unit to Testify
Wall Street Journal - 13 Mar 2013 19:59
Former Chief Investment Officer Ina Drew, who oversaw the unit at the center of a $6 billion trading loss, will make her first public appearance since the bank disclosed the losses last spring.
Ex-Div Reminder for Gabelli Dividend & Income Trust's Series D Cumulative Preferred Shares
Forbes - 13 Mar 2013 19:49Ex-Div Reminder for GDL Fund's Series B Preferred Shares
Forbes - 13 Mar 2013 19:47U.S. Stocks Press Higher
Wall Street Journal - 13 Mar 2013 19:46
A snapshot of the resilient U.S. consumer pushed stocks higher, sending the Dow Jones Industrial Average on its way to a ninth consecutive day of gains.
Gabelli Convertible & Income Securities Fund's Series B Preferred Stock Goes Ex-Dividend Soon
Forbes - 13 Mar 2013 19:43The Gabelli Healthcare & Wellness Series A Cumulative Preferred Shares Ex-Dividend Reminder
Forbes - 13 Mar 2013 19:41Irish Success in Bond Market
Wall Street Journal - 13 Mar 2013 19:39
Ireland sold a larger-than-expected $6.52 billion of 10-year bonds, a strong indication that investors will be willing to finance the government after the last of its bailout loans are disbursed later this year.
Gabelli Equity Trust's Series H Cumulative Preferred Stock Goes Ex-Dividend Soon
Forbes - 13 Mar 2013 19:38Ex-Div Reminder for Prologis Series P Cumulative Redeemable Preferred Stock
Forbes - 13 Mar 2013 19:36Analyst Moves: AMG, FIG
Forbes - 13 Mar 2013 19:01
Affiliated Managers (AMG) was upgraded by Goldman Sachs (GS) to buy as the company should experience organic growth. A $170 price target was set.
Daily Dividends Report: HNZ, PM, MDLZ, DEI, TRN
Forbes - 13 Mar 2013 18:25
HJ Heinz Company (HNZ) maintained its quarterly dividend of 51.5 cents per share. The dividend is payable April 10, 2013 to shareholders of record at the close of business on March 25, 2013.
Silver Spring Networks Soars in Debut
Wall Street Journal - 13 Mar 2013 17:03
Investors jumped at the opportunity to invest in "smart" electrical grids, pushing shares of Silver Spring Networks sharply higher in the energy-technology company's initial public offering.
Euro Slips After Lukewarm Italian Auction
Wall Street Journal - 13 Mar 2013 15:59
The euro fell against the dollar after an Italian bond auction met with lukewarm demand from investors.
Dell Responds To Shareholder Revolt, Agrees To Provide List Of Investors
Forbes - 13 Mar 2013 15:49Treasurys Stung by Retail Sales
Wall Street Journal - 13 Mar 2013 15:16
Better-than-expected U.S. retail sales brightened the economic outlook, sparking a flight out of Treasury bonds.
Big Sugar Is Set for a Sweet Bailout
Wall Street Journal - 13 Mar 2013 06:17
The U.S. Department of Agriculture is considering buying 400,000 tons of sugar to stave off a wave of defaults by sugar processors that borrowed $862 million under a government price-support program.
Buyout Firm TPG to Try Hand at Fund
Wall Street Journal - 13 Mar 2013 04:43
Lots of real-estate funds that used borrowed money to buy risky properties got crushed. Now, TPG Capital is offering a new twist while mining some of the same territory with its first real-estate fund.