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Market News

Location American Market News for 26 March 2013
BlackBerry is expected to announce its Q4 FY2013 results on March 28. The company’s shares have more than doubled in value over the past six months on growing optimism that the newly launched BB10 devices will set...
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Europe Must Do More Than Put Out Fires

Wall Street Journal - 26 Mar 2013 23:34
Forget crisis fatigue. Europe is fighting recession fatigue.
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BlackRock Cuts Spain, Italy Sovereign-Bond Holdings

Wall Street Journal - 26 Mar 2013 22:20
The world's largest money manager, cuts holdings of Italian and Spanish government bonds and may shed more if the euro-zone's growth outlook worsens.
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Two Charged in Insider-Trading Case

Wall Street Journal - 26 Mar 2013 21:39
A former executive of Foundry Networks was arrested and charged with tipping a San Francisco hedge-fund analyst ahead of a $3 billion merger with Brocade Communications Systems.
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Titan In The Line Of Fire As Mining Optimism Cools The industrial sector has been hot this year, always a percent or two ahead of the broad market. The reasons for optimism have been sound, from a turn-around in the Chinese economy to the US housing recovery gaining stea...
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Berkshire Set to Get Big Goldman Stake

Wall Street Journal - 26 Mar 2013 20:16
Warren Buffett struck a deal with Goldman Sachs that will make his Berkshire Hathaway one of the largest shareholders in the investment bank.
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EU Investigates ISDA Over Credit Swaps

Wall Street Journal - 26 Mar 2013 19:39
The European Commission said it was investigating whether ISDA, which deals in over-the-counter trading of derivatives, was part of an effort by banks to control trading in credit derivatives.
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BOE Financial Stability Panel Named

Wall Street Journal - 26 Mar 2013 19:34
The U.K. treasury has named the members of a panel set up to be Britain's first line of defense against future financial crises.
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Analyst Moves: ASH, AAPL

Forbes - 26 Mar 2013 19:10
Ashland (ASH) had its estimates and price target reduced by Credit Suisse (CS) due to lower demand in the end market. An $88 price target with an outperform rating was issued.
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Analyst Moves: EA, RFMD

Forbes - 26 Mar 2013 18:46
Electronic Arts (EA) was upgraded at Piper Jaffray (PJC) from neutral to overweight with a price target of $23 as the firm believes that new management can turn the company around.
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Dealing With A Crummy 401(k) Plan

Forbes - 26 Mar 2013 18:21
Dealing With A Crummy 401(k) Plan By now you should have received your first mandated disclosure on your 401(k) plan. If nothing else, requiring employees to be furnished with relevant information on the costs features and performance of their retirement...
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Citi to Improve Laundering Controls

Wall Street Journal - 26 Mar 2013 18:11
Citigroup agreed to improve its anti-money laundering procedures and enhance its internal audits, according to an agreement with the Federal Reserve.
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Fed Hits Citi Over Money Laundering Problems The Federal Reserve says Citi lacks effective money laundering controls and is ordering the New York bank to improve its compliance program.
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Ten "Easy" Steps to Financial Success

Forbes - 26 Mar 2013 17:30
Ten There is nary a magazine or publication today that doesn't feature a "Steps to Success" list.  You can find the Ten Best Mutual Funds to Buy TODAY, Ten Reasons Why Your Retirement is in Jeopardy, Seven Stocks to Buy T...
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Gold Drifts Below $1,600

Wall Street Journal - 26 Mar 2013 17:14
Gold prices slipped below $1,600 an ounce as stronger economic data from the U.S. and easing concerns over Europe's debt problems weighed on investor demand for the metal.
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U.S. Stocks Bounce Back

Wall Street Journal - 26 Mar 2013 17:00
Stocks rebounded from Monday's selloff as investors weighed the latest drama in Europe and mixed readings on the housing market and demand for big-ticket manufactured goods topped expectations.
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U.K. Smooths New Banks' Entry

Wall Street Journal - 26 Mar 2013 16:23
U.K. regulators announced measures to make it easier for new lenders to enter Britain's banking sector, the latest effort to loosen the hold of the "big four" banks on the U.K. retail market.
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China Banks' Profit Growth Slows

Wall Street Journal - 26 Mar 2013 16:22
Two of China's largest banks reported slower profit growth for 2012 as the country's economic slowdown weighed on loan demand.
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Eurozone Crisis Weighs On Money Market

Forbes - 26 Mar 2013 15:35
Eurozone Crisis Weighs On Money Market Good luck with the next bailout Europe -- in all likelihood that’s what the Russians are saying or at least they should be. Watching the EUR/RUB plummet yesterday in a hair's breadth appeared to be the beginning o...
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Greek Stocks Slump

Wall Street Journal - 26 Mar 2013 15:00
European stocks and the euro were steady, but Greek stocks were weaker as investors continued to evaluate the situation in Cyprus.
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Fuming Webber goes surfing to cool off

CNN - 26 Mar 2013 14:58
Has there ever been a rivalry in a sporting team quite like the one between Sebastian Vettel and Mark Webber?
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Silver Wheaton's Production Bodes Well For Stock Price Silver Wheaton announced its Q4 and 2012 annual results on March 21, reporting record production and sales figures this year, primarily due to the addition of the precious metals stream from Hudbay’s 777 mine in t...
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