Market News
Illinois Pays Up to Sell Debt
Wall Street Journal - 2 Apr 2013 23:32
llinois had to pay a premium to sell some of its $800 million in municipal bonds Tuesday, a little more than two months after a credit-rating downgrade saw the state postpone a similar sale.
SEC Backs Social Media Use to Alert Investors
Wall Street Journal - 2 Apr 2013 23:31
The SEC gave permission for companies to use social media to announce key information, so long as investors have been alerted about which sites will be used to disseminate it.
Investors Cautious as BOJ Chief Sets First Move
Wall Street Journal - 2 Apr 2013 21:16
Tokyo stocks fell and the yen rose as investors' hopes faded for a quick fix from Japan's new central bank chief.
Gold Drops Below $1,600
Wall Street Journal - 2 Apr 2013 20:36
Gold prices fell sharply, with a stronger U.S. dollar contributing to a drop back below $1,600.
Italian President Giorgio Napolitano Is Trying To Avert A Crisis Of Systemic Proportions
Forbes - 2 Apr 2013 20:19
With the Cypriot banking crisis apparently resolved, global markets seem to have forgotten the European sovereign debt crisis is far from over. Italy, the Eurozone?s third largest economy, remains in a state of relative ...
S&P Fires Salvo in Battle With States
Wall Street Journal - 2 Apr 2013 20:11
S&P accused the U.S. of failing to disclose federal collaboration with states in several lawsuits against the ratings firm, its latest move in a fight to combine the suits in one federal case.
BofA Settles on Credit-Union Losses
Wall Street Journal - 2 Apr 2013 20:08
Bank of America has reached a $165 million agreement with a federal credit-union regulator, settling allegations that the bank played down the risks of poor-quality mortgages packaged into securities.
Emerging Markets Register Dismal First Quarter
Wall Street Journal - 2 Apr 2013 19:58
Emerging-market assets severely underperformed their developed-market peers in the first quarter, much to the disappointment of many investors who had predicted a strong result for stocks and bonds in developing countrie...
RBS Weighs New Role for Executive
Wall Street Journal - 2 Apr 2013 19:51
Royal Bank of Scotland Group is considering appointing Chief Financial Officer Bruce Van Saun to run its U.S. subsidiary RBS Citizens before its planned stock-market listing, according to a person familiar with the matte...
Italy Bans Short Selling of MPS
Wall Street Journal - 2 Apr 2013 18:58
Italy's stock market regulator moved to protect Banca Monte dei Paschi di Siena from volatile trading by banning the short sale of its stock, after the bank was hit by losses of up to 12% on the Milan bourse in the morni...
Austerity Piles Pressure on Slovenia
Wall Street Journal - 2 Apr 2013 18:50
Pressure is building on the euro-zone's next potential bailout candidate, Slovenia, amid fresh signs that cost-cutting measures are pinching the economy.
InBev Seeks Payment From CVC
Wall Street Journal - 2 Apr 2013 18:47
AB InBev says it is owed a contingent payment from CVC Capital Partners following the 2009 sale of brewing operations in Eastern Europe.
Double Whammy For Apple
Forbes - 2 Apr 2013 18:17
As if Apple needed more trouble, here comes a double whammy. First, Apple CEO Tim Cook had to apologize to the Chinese consumers. Second, Apple got a downgrade from a big Wall Street supporter.
10 Things You Absolutely Need To Get A Mortgage
Forbes - 2 Apr 2013 18:05
Here is the ?laundry list? of docs we will need to get started on a mortgage application.
The Dow 2012: Pops And Flops
Forbes - 2 Apr 2013 17:53
Bank of America shares doubled this year, but it was Home Depot that accounted for the biggest chunk of the 30-stock index's advance.
Glencore Extends Antitrust Talks
Wall Street Journal - 2 Apr 2013 17:38
Glencore has again extended a deadline for closing its multibillion-dollar merger with Xstrata, saying it needs more time to conclude talks with Chinese antitrust authorities and secure approval.
McCormick Announces Earnings
Forbes - 2 Apr 2013 14:53
McCormick & Company (MKC) announced that sales increased by 3% in the first quarter to $94 million, led by a growth of 7% in the consumer business sales segment. Earnings per share were $0.57 versus $0.55 in the first qu...
As Big Drillers Move In, Safety Goes Up
Wall Street Journal - 2 Apr 2013 05:04
As big energy companies buy out smaller rivals in the Marcellus Shale, one side effect is an improving environmental record, according to a Wall Street Journal analysis of Pennsylvania records.
Card Maker Says Farewell Investors
Wall Street Journal - 2 Apr 2013 04:51
American Greetings, the biggest publicly traded U.S. company in the struggling greeting-card business, has decided to bid adieu to the stock market and go private.
Nikkei Falls Amid Stronger Yen
Wall Street Journal - 2 Apr 2013 04:45
Asian stocks were mostly higher on Tuesday though the Japanese market fell amid a stronger yen. The Nikkei lost 0.2%.
Farmers Lose Their Taste for Rice
Wall Street Journal - 2 Apr 2013 03:11
With fewer U.S. farmers planting rice, food companies like cereal maker Kellogg or candy company Mars could be forced to look further afield to secure supplies.
Judge Approves SAC Settlement
Wall Street Journal - 2 Apr 2013 01:02
A federal judge has signed off on the smaller of two insider-trading settlements by SAC Capital Advisors, even as one of its most senior employees faces criminal charges.