Market News
Daily Wrap: 3/27/2013
Forbes - 27 Mar 2013 23:05
Concerns over the euro zone kept the U.S. markets under pressure today, just one day after the Dow posted a new high.
Analyst Moves: CRL, IR
Forbes - 27 Mar 2013 23:00
Charles River Laboratories (CRL) was downgraded by Wells Fargo (WFC) to market perform as the firm believes that the stock is fully valued. A $42 price target was set.
Investors Still Bullish On Fresh Del Monte Depsite Recent Spoiled Earningss
Forbes - 27 Mar 2013 22:45
The world’s population is increasing and thus global food demand is in turn on the rise. As an investor, there is a right way and a wrong way to profit from mounting food demand and lately it seems that Fresh Del ...
Oil Demand Could Peak by End of Decade, Citi Analysts Say
Wall Street Journal - 27 Mar 2013 21:15
Peak oil demand is around the corner, a prominent oil analyst says in a new report.
GameStop Will Need a Powerup to Win
Wall Street Journal - 27 Mar 2013 21:04
GameStop's strategy is to minimize investment in bricks-and-mortar stores and boost shareholder payouts, while also dipping toes into newer businesses. But it has plenty left to prove.
Blackstone Open to Dell as CEO
Wall Street Journal - 27 Mar 2013 20:53
Blackstone said it is open to keeping Michael Dell as chief executive under its plan to gain control of the computer maker. The private-equity firm is competing against an offer from Mr. Dell and Silver Lake Partners.
Cyprus Braces for Bank Openings
Wall Street Journal - 27 Mar 2013 20:30
Cyprus's government raced to prepare for its banks' scheduled reopening after a two-week hiatus, stitching together temporary capital controls to prevent deposits from fleeing the weakened institutions.
U.S. Stocks Sag
Wall Street Journal - 27 Mar 2013 20:28
The Dow Jones Industrial Average was off 39 points, or 0.3%, to 14521 in afternoon trading, after falling as many as 120 points in the opening minutes of trading.
Pinnacle IPO to Test Appetite
Wall Street Journal - 27 Mar 2013 20:17
Thursday's initial public offering for Pinnacle Foods will test how much investors are willing to pay for a company that offers a hefty dividend but comes saddled with debt and limited prospects for growth.
10 U.S. Cities With The Worst Traffic
Forbes - 27 Mar 2013 19:38
Drivers in cities with the most congested roads wasted the equivalent of more than a full work week sitting in traffic jams last year.
Central Banks Bought More Than $3 Trillion In Gold In 2013: UBS
Forbes - 27 Mar 2013 18:31
Gold has been on a definite downtrend since last October, with bullion falling a dramatic 5.1% in February alone. As prices have dropped and investors lost faith, central banks have been on the opposite side of the t...
Wednesday Sector Leaders: Shipping, Rental, Leasing, & Royalty Stocks
Forbes - 27 Mar 2013 17:49
In trading on Wednesday, shipping shares were relative leaders, up on the day by about 0.7%. Leading the group were shares of Excel Maritime Carriers (EXM), up about 7.9% and shares of Diana Shipping (DSX) up about 6.3% ...
Wednesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Industrial Machinery & Equipment Stocks
Forbes - 27 Mar 2013 17:49
In trading on Wednesday, non-precious metals & non-metallic mining shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Cliffs Natural Resources (CLF), off about 12.3% ...
Prudential Is Fined Over AIA Bid
Wall Street Journal - 27 Mar 2013 17:35
The U.K. Financial Services Authority fined Prudential $45.5 million, the largest regulatory penalty of its type, and censured its chief executive for failing to inform the regulator about plans in 2010 to buy AIA.
Steve Forbes: Here's How To Deal With Our "Too Big To Fail" Banks
Forbes - 27 Mar 2013 17:30
This story appears in the April 15, 2013 issue of Forbes.
Will Another May Day Crisis Hit The Markets?
Forbes - 27 Mar 2013 17:27
Take your eyes off Cyprus for a moment, something else is heading this way: May Day. It’s easy to forget that.
Jimmy Stewart's Lesson for the Euro Zone
Wall Street Journal - 27 Mar 2013 17:14
Whenever talk of a bank run hits the news, columnists inevitably trot out references to that scene from "It's a Wonderful Life" in which Jimmy Stewart's character, George Bailey, convinces his panicked depositors to keep...
Williams' daughter Claire promoted to deputy role
CNN - 27 Mar 2013 15:34
The daughter of Williams team founder Frank Williams is to work alongside her father as deputy team principal.
BlackBerry Earnings Report Won't Reveal Much
Forbes - 27 Mar 2013 14:54
BlackBerry is scheduled to report earnings on Thursday, March 28. The consensus is a loss of $0.32 vs. a profit of $0.80 a year ago. The revenue consensus number is $2.84 billion. The consensus is for BlackBerry ...
BlackBerry 10 Launch
Forbes - 27 Mar 2013 14:54
Photos from the BlackBerry 10 launch event.
Allianz Buys Turkish Insurer
Wall Street Journal - 27 Mar 2013 14:32
Allianz, Europe's largest insurer by market value, is buying 94% of a Turkish insurer and will partner with the firm's banking parent to try and take advantage of Turkey's growing economy.
Italian Auction Weighs on Europe Markets
Wall Street Journal - 27 Mar 2013 14:32
The euro tumbled to a fresh four-month low against the dollar and European stocks fell, after a disappointing Italian bond auction pushed the country's borrowing costs to a three-week high.