Market News
Dominion Diamond Completes $553 Million Acquisition Of Canadian Diamond Mine
Forbes - 10 Apr 2013 23:43
Dominion Diamond Corp., formerly Harry Winston Diamond Corp., said Wednesday it has completed its acquisition of the Ekati Diamond Mine in Canada's Northwest Territories and related diamond sorting and sales facilities i...
Analyst Moves: CSX, ECL
Forbes - 10 Apr 2013 22:33
CSX (CSX) had its estimates and price target increased by Jefferies (JEF) as the company is restocking inventory. An underperform rating was issued with a price target of $30.
Daily Dividends Report: FAST, ADTN, GLAD, BK, IEX
Forbes - 10 Apr 2013 22:28
Fastenal Company (FAST) announced its quarterly dividend of 20 cents per share, an increase of about 100% over its prior dividend in January of 10 cents. The dividend will be paid on May 30, 2013 to shareholders of recor...
Goldman Sachs Turns Bearish on Gold
Wall Street Journal - 10 Apr 2013 21:07
Investment bank Goldman Sachs Group Inc. said Wednesday that gold's prospects for the year have eroded, recommending investors close out long positions and initiate bearish bets, or shorts.
Buyout Firms Sell Record Shares in Public Companies
Wall Street Journal - 10 Apr 2013 20:31
Bain Capital, KKR, Apollo Global Management and other private-equity firms sold $20.5 billion of stock through 50 so-called follow-on offerings during the first three months of 2013.
Courts Again Reject Madoff Investors' Bid to Sue SEC
Wall Street Journal - 10 Apr 2013 19:49
A federal appeals court rejected efforts by investors in Madoff funds to sue the SEC for not rooting out his fraud.
Grain Futures Fall as U.S. Sees Plentiful Supply
Wall Street Journal - 10 Apr 2013 19:13
Grain and soybean futures fell after the U.S. forecast greater-than-expected world supplies.
Ex-Consultant Challenges Insider-Trading Conviction
Wall Street Journal - 10 Apr 2013 19:00
There were no envelopes stuffed with cash, just gifts of live lobsters and iPhones. Is that enough of a benefit to constitute a crime? Winifred Jiau, a former technology consultant, asks a court to overturn her insider-t...
Fed's Snafu Sparks Concern
Wall Street Journal - 10 Apr 2013 18:55
The Federal Reserve drew fresh attention to the way the government handles sensitive economic information when it accidentally released minutes of its March meeting a day early to congressional staff and some trade group...
S&P 500 Sets Another Record
Wall Street Journal - 10 Apr 2013 18:23
Stocks' broad rally heated up, with a triple-digit gain for the Dow industrials and the S&P 500 surpassing its record intraday high after the Federal Reserve's meeting minutes were released early.
As Yen Slides, 1998 Stands as Warning to Markets
Wall Street Journal - 10 Apr 2013 17:45
In a highly interconnected world economy, there are always unintended disruptions to global equilibrium when a country the size of Japan shifts policy so dramatically, writes Michael J. Casey.
Financials, Tech Pace S&P 500 Climb To Fresh Highs
Forbes - 10 Apr 2013 17:30
The Federal Reserve says it may start dialing back asset purchases this summer, but Wall Street doesn't seem worried Wednesday with stocks flying Wednesday and driving the major averages to fresh nominal highs.
Luxembourg to Reveal Bank Data
Wall Street Journal - 10 Apr 2013 16:07
Luxembourg announced a radical shift in its banking policy, saying it would exchange information with the rest of the European Union about EU bank account holders in the country as of Jan 1, 2015, another step in Europe'...
Short Selling the Euro Is Akin to Owning Fool's Gold
Forbes - 10 Apr 2013 15:47
Just when you thought it was safe to go out and sell that 17-member single currency, all things turn pear-shaped for the remaining 'bear' as the EUR takes on a new big figure level with gusto, touching US$1.31 for the fi...
Constellation Brands, PriceSmart Announce Earnings
Forbes - 10 Apr 2013 15:01
Constellation Brands (STZ) announced that quarterly profits were lower due to greater interest expense, as well as a write off. Net income was $81.7 million, or 43 cents per share, for the fiscal fourth quarter ended on ...
U.S. Energy Boom Hits Foreign Suppliers
Wall Street Journal - 10 Apr 2013 06:29
A handful of traditional suppliers of America's crude are scrambling to deal with the fallout of surging U.S. output. And the impact on Canada has been especially painful.
Japan Shares Higher on Weak Yen
Wall Street Journal - 10 Apr 2013 06:16
Shares in Japan were higher Wednesday amid the yen's recent weakness while the Australian currency climbed on better than expected Chinese import data. The Nikkei added 0.7%.
MetLife on Offensive Against Systemic Tag
Wall Street Journal - 10 Apr 2013 06:10
MetLife is ratcheting up its public campaign to thwart federal oversight, arguing that regulators would ultimately harm consumers if they determine the life insurer poses a risk to the U.S. financial system and merits to...
Buyout Firms Work on Life Technologies Bid
Wall Street Journal - 10 Apr 2013 05:29
Blackstone and Carlyle are a part of a buyout group in talks to make an offer of about $11 billion for Life Technologies.
Scant Relief in Foreclosure Pact
Wall Street Journal - 10 Apr 2013 04:16
About eight in 10 borrowers will get $1,000 or less under the terms of a settlement with banks over foreclosure abuses. Military families will get the biggest checks, of $125,000.
Family Dollar Still Has Some Buying Points
Wall Street Journal - 10 Apr 2013 02:24
Earnings day at the discount chain has the feel of an awkward reunion. But investors should still show up.