Market News

Euro stabilizes after sliding to 3-month low; dollar hovers near 3-year high

The London interbank offered rate won't be owned by London much longer. The scandal-tarred market benchmark is being sold to NYSE Euronext, the company that runs the New York Stock Exchange.

RBI also sold $5.80 bn in the forwards market in May to temper future expectations on the rupee

On 7/12/13, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (NYSE: SAN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 7/31/13. As a percentage of SAN.PRC...

On 7/11/13, Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (NYSE: TYY.PRC) will trade ex-dividend, for its monthly dividend of $0.0329, payable on 8/1/13. As a percentage of TYY.PRC's...

On 7/11/13, United Technologies Corp.'s Corporate Units (NYSE: UTX.PRA) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 8/1/13. As a percentage of UTX.PRA's recent share price of $61.02, this di...

On 7/11/13, FelCor Lodging Trust, Inc.'s 8% Series C Cumulative Redeemable Preferred Stock (NYSE: FCH.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 7/31/13. As a percentage of FCH.PRC's rec...

Founder Fred Smith owns a slug of company stock and probably has the backing of long-term investors, analysts say.

China has showed signs of concern for some time now given a government-induced liquidity crunch that could hurt its banks and lead to mass defaults, and slowing down with imports and exports falling. A hard landing could...

As Bill Gross of bond manager PIMCO said recently, the great 30-year bull market in bonds is over. Investors in bonds can only expect to get the minimal coupon yield on short-duration bonds - and the slightly better coup...

The EU has unveiled plans to give more power to Brussels through a centralised fund to bail-out failed eurozone banks.

USPS is miles--thousands and thousands of miles--removed from the success seen today at Royal Mail.

Citigroup's Steven Englander says against the yen, the euro or emerging markets, the dollar looks very sound

Analysts expect higher profit for JPMorgan Chase when the company reports its second quarter results on Friday, July 12, 2013. The consensus estimate is calling for profit of $1.42 a share, reflecting a rise from $1.21 p...

Optimism surrounds Wells Fargo, as it gets ready to report its second quarter results on Friday, July 12, 2013. Analysts are expecting the company to book a profit of 92 cents a share, up from 82 cents a year ago.

Focus on Fed's June meeting minutes; investors seek better notion of when Fed will scale back stimulus

Shareholders of Omnicare Inc. (NYSE: OCR) looking to boost their income beyond the stock's 1.2% annualized dividend yield can sell the January 2015 covered call at the $60 strike and collect the premium based on the $2.6...

Shareholders of Daktronics Inc. (NASD: DAKT) looking to boost their income beyond the stock's 2.2% annualized dividend yield can sell the January 2014 covered call at the $12.50 strike and collect the premium based on th...

Lotus says Red Bull is making a push for Kimi Raikkonen, and Sebastian Vettel wouldn't mind having the Finn as a teammate.

The govt has hiked import duty to 8% and the RBI has tightened availability of supplies in an effort to rein in imports

Stocks have had quite the post-July 4 celebration as they continued to move higher again on Tuesday. The market internals were strong again with advances leading declines by a 3-1 ratio. The A/D lines on the S&P 500, Nas...

(Kitco News) - Given the steep slide in commodity prices in the second quarter of 2013, there have been rumblings that in this current price environment, silver producers will struggle to keep up healthy, if any, profit ...