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Market News

Location American Market News for 12 August 2013

A Corn Boom Starts to Wilt

Wall Street Journal - 12 Aug 2013 02:13
The boom in corn prices that helped propel the U.S. farm economy is fading amid expectations for a record-high harvest.
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Plans to retire

livemint.com - 12 Aug 2013 16:05
Plans to retire The Nielsen-Max Life Insurance report "Retirement Indices" shows how Indians view retirement.
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FTIL, MCX shares fall as investors await NSEL settlement plan Shares of FTIL decline as much as 7.4%, while those of MCX drop 5% to hit the lower circuit
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BlackBerry Has Put Up The 'For Sale' Sign, But Who Would Buy It? Analysts expect the company to either go private or get bought by a private equity firm, with Cisco and IBM being touted as possible partners.
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Leading Indicators Still Looking Good For Stocks I sniff hotter deal activity and rising loan volume in the air, clutching onto my bank holdings, JPMorgan Chase, Citibank and Bank of America. They remain prime room-for-improvement earnings stories. Let's hope Morgan ca...
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Five S&P 500 Stocks With Rising Short Activity The most recent short interest data has just been released by the NASDAQ for the 07/31/2013 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five S&P 500 stocks....
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RBI sold $2.25 billion in June to stem rupee fall

livemint.com - 12 Aug 2013 20:15
RBI sold $2.25 billion in June to stem rupee fall RBI also sold $4.91 billion in the forwards market to curtail future weakness in the rupee
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Indian mutual funds remain passive shareholders: study Of 28,290 resolutions disclosed, the funds voted for 47%, against 1.5%, and abstained from voting in 51.5%
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Rumors Of A Chinese Gold Standard Are Overblown: CPM's Christian And Author Jim Rickards (Kitco News) - Two financial heavy weights agree that rumors of China creating a new gold standard for its currency are unfounded and unrealistic.
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Hang In There With Hovnanian As Builder Boom Takes A Breather Housing stocks have fallen from their recent highs. Yet builders like Hovnanian Enterprises, Inc. (HOV - Snapshot Report) are still expected to generate double digit earnings growth this year and in 2014. Is this stock w...
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Sebi declares illegal money pooling as 'fraudulent'

livemint.com - 12 Aug 2013 18:31
Sebi declares illegal money pooling as 'fraudulent' Sebi clarifies the existing list of activities coming under fraudulent and unfair trade practices can be further expanded whenever the need arises
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Digging For Ponies In A Pile Of Fallen Fertilizer Stocks The fertilizer industry was blindsided on July 30 when Russian potash giant Uralkali announced it was leaving the lucrative potash cartel. Shares of Potash Corporation of Saskatchewan got hit and earnings estimates were ...
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Miss PCYC's $94.20 Secondary But Think It's A Deal At $80? Looking back to 157 days ago, Pharmacyclics, Inc. (NASD: PCYC) priced a 2,200,000 share secondary stock offering at $94.20 per share. Buyers in that offering made a considerable investment into the company, expecting tha...
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Miss HK's $5.10 Offering But Think It's A Buy At $3? Looking back to 4 days ago, Halcon Resources Corp (NYSE: HK) priced a 38,000,000 share secondary stock offering at $5.10 per share. Buyers in that offering made a considerable investment into the company, expecting that ...
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How To YieldBoost El Paso Electric Company From 2.8% To 5.9% Shareholders of El Paso Electric Company (NYSE: EE) looking to boost their income beyond the stock's 2.8% annualized dividend yield can sell the March 2014 covered call at the $40 strike and collect the premium based on ...
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YieldBoost Forward Air Corp To 5.7%

Forbes - 12 Aug 2013 17:28
YieldBoost Forward Air Corp To 5.7% Shareholders of Forward Air Corp (NASD: FWRD) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the March 2014 covered call at the $40 strike and collect the premium based on the $1...
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Strategy To YieldBoost AMETEK To 3.6%

Forbes - 12 Aug 2013 17:27
Strategy To YieldBoost AMETEK To 3.6% Shareholders of AMETEK, Inc. (NYSE: AME) looking to boost their income beyond the stock's 0.5% annualized dividend yield can sell the March 2014 covered call at the $50 strike and collect the premium based on the 85 cent...
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YieldBoost MGRC From 2.8% To 16.2%

Forbes - 12 Aug 2013 17:26
YieldBoost MGRC From 2.8% To 16.2% Shareholders of McGrath RentCorp (NASD: MGRC) looking to boost their income beyond the stock's 2.8% annualized dividend yield can sell the September covered call at the $35 strike and collect the premium based on the 50 ...
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Disappointing results from ONGC

livemint.com - 12 Aug 2013 17:00
Disappointing results from ONGC The provision of `1,611 crore towards contribution for conversion of a post-retirement benefit scheme affected results
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BlackBerry Explores Possible Sale With Promise To Discuss Strategic Alternatives BlackBerry hits the restart button--again.
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July's Pops and Drops

Forbes - 12 Aug 2013 16:34
July's Pops and Drops As expected, August is already looking more difficult than July. After the first seven days of trading in July the Dow Industrials was up 2.5%, while after Friday's drop it is down 0.40%, so far in August. Stocks got a b...
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Will banks don the insurance broker mantle?

livemint.com - 12 Aug 2013 16:23
Will banks don the insurance broker mantle? For you, the new rules usher in more choice and better services from your bank.
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