Market News
For Many, S&P 500 Is Market's Real Measure
Wall Street Journal - 28 Mar 2013 23:44
For all the fanfare around the Dow's recent record, an all-time high for the S&P 500-stock index marks a more significant milestone for many investors.
Former Morgan Keegan Fund Directors to Settle With SEC
Wall Street Journal - 28 Mar 2013 22:07
Eight former directors of Morgan Keegan mutual funds agreed to a deal with the SEC to settle a civil enforcement action that attracted attention because of the agency's wider efforts to hold fund boards accountable.
Daily Wrap: 3/28/2013
Forbes - 28 Mar 2013 21:59
All eyes were on the S&P 500 today which pushed past its all-time closing high, as investors took in a mixed bag of economic data while also keeping an eye on Cypress, where banks re-opened for the first time in almost t...
Daily Dividends Report: CHG, GORO, UTL, BKSC, MFNC
Forbes - 28 Mar 2013 21:50
CH Energy Group Incorporated (CHG) maintained its quarterly dividend of 55.5 cents per share. The dividend is payable May 1, 2013, to holders of record on April 10, 2013.
VIX 'Fear Gauge' Lures Buyers Just in Case
Wall Street Journal - 28 Mar 2013 21:22
Even as the S&P 500 hovers around a new all-time high, some investors have been taking advantage of Wall Street's sunny mood to prepare for a rainy day.
Citi Sails Back Into 'Synthetic' Securities
Wall Street Journal - 28 Mar 2013 21:17
Citigroup has invited some hedge funds and insurers to enter a deal under which the investors will assume some risks that the bank's loans to shipping companies will default.
Income Sinkhole Threatens Consumer Spending
Wall Street Journal - 28 Mar 2013 20:10
Investors will finally get a clearer snapshot on income and spending data Friday with the monthly report for February. Whether they are pleased or not may depend on which side of the ledger they consider more important.
Copper Settles at Seven-Month Low
Wall Street Journal - 28 Mar 2013 19:59
Copper futures slumped to a seven-month low on worries about demand for the industrial metal following new Chinese financial market restrictions and some weaker U.S. labor market data.
House builders lay foundations for rally on hopes of market recovery
Telegraph - 28 Mar 2013 19:58
JP Morgan says Budget housing measures are 'game changing'.
S&P 500 closes at all-time high
Telegraph - 28 Mar 2013 19:46
The benchmark Standard & Poor's 500 has closed at an all-time high of 1,569, beating by four points the previous record hit on October 9, 2007.
Risk Is Back: America's Big Banks Are Knee-Deep In Derivatives
Forbes - 28 Mar 2013 19:12
The following is a guest post by George Schultze, founder of Schultze Asset Management LLC, an alternative investments firm founded in 1998 that manages approximately $230 million in assets and specializes in distressed ...
Why China Is Finally Abandoning Its One Child Policy
Forbes - 28 Mar 2013 18:42
One of the first announcements by the new administration taking charge in China this month was that the one child policy, which has been in effect since 1979, will be phased out. The end of this most repulsive of social ...
The IPO Class Of 2013
Forbes - 28 Mar 2013 18:35
Facebook defined the IPO Class of 2012 with its huge, controversial offering. After an up-and-down year overall for new offerings, 2013 brings more uncertainty as market weakness in the first half could keep a lid on inv...
Judge Balks at SAC Settlement
Wall Street Journal - 28 Mar 2013 18:13
A federal judge said he needs more to consider a $602 million settlement by SAC Capital with regulators to resolve insider-trading allegations.
RIM Swings to Black, Sells a Million Z10s
Wall Street Journal - 28 Mar 2013 17:57
Research In Motion beat expectations by reporting a surprise profit and maintaining a strong cash position in its fiscal fourth quarter—the first period to include sales of its BlackBerry Z10.
Frozen-Food Maker Pinnacle Has Hot Start
Wall Street Journal - 28 Mar 2013 17:19
Shares of frozen-food company Pinnacle Foods Inc. had a hot start in their public-trading debut, revealing investors' healthy appetite for a stable company poised to pay a hefty dividend.
Tradehill Exchange Adds Dark Pools Of Bitcoin Liquidity
Forbes - 28 Mar 2013 17:03
This week the bitcoin exchange Tradehill launches dark liquidity, or dark pools, for client institutions and individuals that do not want to reveal their trading size and identity. In trading on dark pools, market partic...
Both BlackBerry Founders Are Gone Now. Could Either Become A Billionaire Again?
Forbes - 28 Mar 2013 17:02
The two Canadian fellows who founded BlackBerry, and then watched their company crash, were always, famously, different. Jim Balsillie, tall and lean, managed the finances. Mike Lazaridis, shorter and stocky, was the gee...
Thursday Sector Leaders: Drugs, Electric Utilities
Forbes - 28 Mar 2013 17:01
In trading on Thursday, drugs shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Repros Therapeutics (RPRX), up about 72.1% and shares of Cell Therapeutics (CTIC) up about 10.6% o...
Thursday Sector Laggards: Education & Training Services, Real Estate Stocks
Forbes - 28 Mar 2013 17:00
In trading on Thursday, education & training services shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Career Education (CECO), off about 5.4% and shares of Itt Edu...
Argentina Faces Critical Deadline on Bonds
Wall Street Journal - 28 Mar 2013 16:50
Buenos Aires must propose by Friday a plan for repaying holdout creditors, in a case that could set a precedent for other sovereign-debt restructurings.
CME, Nasdaq Plan High-Speed Network Venture
Wall Street Journal - 28 Mar 2013 16:29
CME Group and Nasdaq have detailed plans to launch a wireless network joint venture in May that will beam stock and derivatives prices between Chicago and New York in fractions of a second.