Market News
Tuesday 4/9 Insider Buying Report: AVAV, EXA
Forbes - 9 Apr 2013 22:56
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
Daily Wrap: 4/9/13
Forbes - 9 Apr 2013 22:54
The markets turned higher today as Alcoa kicked off the first-quarter earnings season, with better than expected profit.
Corn Traders Brace for a Long Slump
Wall Street Journal - 9 Apr 2013 22:34
The corn market was upended last month when the U.S. government reported unexpectedly high domestic supplies. Now many investors are bracing for a prolonged period of ample stockpiles and lower prices.
Analyst Moves: CMP, XEL
Forbes - 9 Apr 2013 20:12
Compass Minerals (CMP) had its numbers increased by BMO Capital Markets (BMO) as the company is experiencing higher salt demand. A $75 price target was set with a market perform rating.
FOCUS: Copper Market 'Guarded;' Near-Term Bounce Occurring But Longer-Term Retreat Expected
Forbes - 9 Apr 2013 19:59
(Kitco News) - The mood in the copper market appears "guarded" these days as traders take notice of rising global inventories and expectations for mine supply to increase this year.
A Rush to Sell Gold in Japan
Wall Street Journal - 9 Apr 2013 19:58
The weak yen has triggered a gold rush, literally, in Japan as families sell items to take advantage of prices that have soared in yen terms.
Germany Can't Escape Its Own Crushing Austerity As Exports Fall And Imports Tank
Forbes - 9 Apr 2013 19:43
While the implosion of Cyprus focused the world's eyes on the European sovereign debt crisis once again, a deeper problem lurks in the background: German weakness. Trade data released Tuesday showed exports, the country'...
Swaps Trade Group Hires Consultant Amid Probe
Wall Street Journal - 9 Apr 2013 19:21
A global derivatives trade group said it had hired a consultant to recommend possible changes to the way benchmark rates are set for the $379 trillion interest-rate swap market, amid a regulatory probe.
Stocks Add Small Gains
Wall Street Journal - 9 Apr 2013 19:14
Stocks edged higher as investors eyed the start of earnings season and firm economic readings from overseas.
KPMG Resigns as Herbalife, Skechers Auditor
Wall Street Journal - 9 Apr 2013 19:09
Herbalife and Skechers confirmed that KPMG has resigned as their auditor, following a disclosure by the accounting firm that it had fired a partner over alleged insider-trading tips.
Crosby Seeks to Give Up Knighthood
Wall Street Journal - 9 Apr 2013 18:43
James Crosby, the former chief executive of failed bank HBOS, has requested to be stripped of his knighthood and said that he would forgo 30% of his gross pension in light of the failures at the bank.
OECD Warns on Slovenia Banks
Wall Street Journal - 9 Apr 2013 18:19
The cost of fixing Slovenia's troubled banking sector could be significantly higher than estimated, the Organization for Economic Cooperation and Development said.
Merger Proposed for Currency-Trading Platforms
Wall Street Journal - 9 Apr 2013 18:05
FXCM has offered to acquire Gain Capital Holdings through a $210 million stock deal that could create a larger scale online foreign-exchange trading provider.
Copper Futures Gain 1%
Wall Street Journal - 9 Apr 2013 17:48
Copper prices rose 1% as lower-than-expected Chinese inflation data soothed worries about demand while a mine-worker strike in Chile damped concerns about excess supply.
KPMG Quits As Herbalife Auditor After Partner Allegedly Leaked Inside Info
Forbes - 9 Apr 2013 17:48
Shares of Herbalife got a delayed start to trading Tuesday, after the company got caught up in alleged insider trading by the KPMG partner who led the independent auditing of the company.
Low-Profile Newcomer Ambarella May Make A Big Splash
Forbes - 9 Apr 2013 17:33
Ambarella (AMBA) is a semiconductor company that makes the chips that allow cameras to capture high definition video. Analysts have started to get better clarity into the earnings outlook for the company and have increas...
Tuesday Sector Laggards: Department Stores, Apparel Stores
Forbes - 9 Apr 2013 17:32
In trading on Tuesday, department stores shares were relative laggards, down on the day by about 0.7%. Helping drag down the group were shares of JC Penney (JCP), down about 10.7% and shares of Companhia Brasileira (CBD)...
Jobs Made Johnson Look Like A Genius, Penney's Debacle Proves Otherwise
Forbes - 9 Apr 2013 17:22
There has always been a debate about who was the real genius behind Apple Stores. Was it Steve Jobs or Ron Johnson? Now the debate is settled. The debacle at J.C.Penney strongly suggests that the real genius behind Apple...
Yen Sellers Pause
Wall Street Journal - 9 Apr 2013 16:58
Yen traders paused for breath after three days of aggressive selling, dampening the broad-based rally in riskier assets that was triggered by the Bank of Japan's aggressive stimulus package.
Citigroup to Cut Senior Posts
Wall Street Journal - 9 Apr 2013 16:41
Citigroup is eliminating two senior positions in its Institutional Clients Group as part of an effort to streamline the company's management ranks.
JPMorgan Chase Preview: Trading And Cards Units In Focus
Forbes - 9 Apr 2013 16:35
JPMorgan Chase and Wells Fargo are set to kick off the season among the banks as they announce their Q1 results before the bell Friday, April 12.
The Bank Of Japan Stands Tall But Questions Remain
Forbes - 9 Apr 2013 15:15
Market focus this morning has turned to Q1 U.S. earnings season. Thus far, global equities have started with some mild gains though investors are bracing for what could be a lackluster earnings season. It's somewhat of a...