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Market News

Location American Market News for 18 March 2013

Cyprus bailout - as it happened: March 18, 2013

Telegraph - 18 Mar 2013 23:48
Cyprus bailout - as it happened: March 18, 2013 Britain was not informed of the eurozone plan to hit the deposits of savers, despite the many British expats involved, officials said, as Cyprus MPs delayed a vote and said bank would shut for another day.
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Wall Street Institutions Behind Home Price Surges In Markets Like Phoenix It's no secret that Wall Street has been bullish on real estate. Housing stocks have surged over the past year, many teetering on the edge of overbought, and billionaire investors like Warren Buffett have been exceedingl...
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Daily Wrap: 3/18/2013

Forbes - 18 Mar 2013 22:59
Stocks dropped again today, but were off earlier lows as investors worried about Cyprus' plan to take money from bank deposits in order to find a bailout. Throughout the day, amendments to the original plan seemed to cal...
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U.S. Files Criminal Charges Against Former Calpers CEO

Wall Street Journal - 18 Mar 2013 22:41
Federal prosecutors in California filed criminal charges against a former chief executive of Calpers in connection with an alleged scheme to defraud money managers such as Apollo Global Management LLC.
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Gold: Power and Allure, 4,500 Years of Gold Treasures from Across Britain Gold exhibition at the Goldsmiths' Hall in London
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Blue Chips Slide

Wall Street Journal - 18 Mar 2013 22:35
Bank shares led stocks lower as investors weighed whether Cyprus's bailout plan would lead to broader weakness in the euro zone's financial system.
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Salem Communications Corporation (SALM) announced its quarterly dividend of 5 cents per share, an increase of about 43% over its prior dividend in December of 3.5 cents. The cash distribution will be paid on April 1, 201...
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Cyprus Postpones Debate on Deposit Tax

Wall Street Journal - 18 Mar 2013 22:10
Cyprus put off for another day a debate on a bank-deposit levy and said its banks would remain closed until Thursday, as the government sought more time to avert a collapse of its banking sector.
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Yen Shows Off Its Safe-Haven Status

Wall Street Journal - 18 Mar 2013 21:56
The beaten-down yen showed Monday it hasn't given up a status that has defined it through turbulent markets in recent years: a safe-haven currency.
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Natural-Gas Futures Hit 16-Month High

Wall Street Journal - 18 Mar 2013 21:17
Natural gas for April delivery climbed as high as $3.965 a million British thermal unit but gave back some of those gains by the end of the session.
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Argentina Accuses HSBC of Facilitating Money Laundering

Wall Street Journal - 18 Mar 2013 20:56
Argentina's government says it has filed charges against the local subsidiary of British bank HSBC, accusing the company of helping third parties to engage in tax evasion and money laundering.
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Analyst Moves: HMA, ODP

Forbes - 18 Mar 2013 20:55
Health Management (HMA) was upgraded by Jefferies (JEF) to buy with a price target of $14.50 as recent health care reform issues should serve as a catalyst for growth.
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Analyst Moves: ABC, SJM

Forbes - 18 Mar 2013 20:31
AmerisourceBergen (ABC) was downgraded to neutral by UBS (UBS) as the company is trading at a premium to its peers, and projected EPS growth does not seem to justify this.
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G4S shares take early hit on divestment worries

Telegraph - 18 Mar 2013 20:29
G4S shares take early hit on divestment worries Security company weighed down by a bearish broker note.
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The Lower Cost Way To Play Apple, Google And Amazon: Mini Options Hit The Market Investors are getting a new addition to their toolkit this week, with the debut of mini options contracts on a handful of individual tickers – three stocks, the popular S&P 500 SPDR and the GLD gold trust.
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(Kitco News) - Gold prices ended the U.S. day session with decent gains, hit a fresh three-week high and closed above the key $1,600.00 level Monday. A flare-up in the European Union debt crisis again has traders and ...
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(Kitco News) - The change in speculative positioning for precious metals was mixed in the most recent reporting period for data compiled by the Commodity Futures Trading Commission, with traders adding to bullish gold...
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Inside eBay Billionaire Pierre Omidyar's Battle To End Human Trafficking Can a portfolio solve one of the world's biggest scourges? The billionaire founder of eBay and his wife, Pam, are going after human trafficking in the boldest test yet of philanthropic investing.
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No Accounting For Auditor PwC At Levin's Whale Hearing You might think that when shareholders pay a firm $105.5 million in audit and audit-related fees for an opinion on whether the financial statements presented fairly, in all material respects, the financial position of�...
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In trading on Monday, waste management shares were relative leaders, up on the day by about 1%. Leading the group were shares of Swisher Hygiene (SWSH), up about 14.3% and shares of Veolia Environnement (VE) up about 0.1...
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Is The End Of Gigantic, Unfair, And Absurd CEO Pay Near? CEO (Chief Executive Officer) pay is like an out of control wildfire with firefighters who have seemingly all but giving up combating a blaze they deemed too infernal to extinguish. With great help from Forbes statistici...
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While markets have not been too badly affected by the economic problems in Cyprus, the crisis has raised concerns in the long term as investors fear contagion, says Andrew Edwards, CEO of currency traders ETX Capital.
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