Market News

China PMI rises to six-month peak of 51.2, beats most expectations; euro gets fleeting rise on Angela Merkel victory

U.S. stocks fell on Monday as investors worried about speeches from Federal Reserve officials hinting the central bank could soon start to reduce its bond-buying stimulus after all and bank shares declined on reports tha...

Fernando Alonso won't be bailing out Euskaltel Euskadi. But the Spaniard still wants a cycling team and hasn't ruled out starting one up from scratch.

Technical standout RGC appears primed to benefit from an unwinding of bearish bets.

If anybody credible would have told me at 2013's start the market had a shot at posting up to a 25% gain, I would have scoffed there wasn't sufficient data to make that call. But, even in a churning market, I didn't find...

Bernanke's Federal Reserve Enacted A Policy Of QE: How Has It Affected Oil, Gold, Equities, Emerging Markets And Treasuries?

This morning Apple issued a press release with the title 'First Weekend iPhone Sales Top Nine Million, Sets New Record.' On the surface, every word in this title is true but digging deeper shows that the record may not b...

For financial markets, October is by tradition the cruellest month. Most of the truly awesome stock market crashes have happened at or around this fated time of the year, so for those of a superstitious frame of mind, it...

(Kitco News) -For the second week in a row, speculators trimmed their bullish gold futures and options positions traded Comex division of the New York Mercantile Exchange, likely paring back exposure ahead of the Federa...

Surprisingly, BlackBerry found a buyer at $4.7 B. Fairfax Financial is taking it private. Considering BlackBerry's cash position around $2.5 B, Fairfax ended up paying roughly $2 B for the company. Valuing the business i...

The higher drilling activity will bode well for demand for offshore drilling rigs. To meet the demand an additional 95 deepwater rigs will need to be constructed between 2016 and 2022.

BlackBerry entered a preliminary agreement to sell itself for $4.7 billion to Fairfax Financial in a deal that should close on November 4 as long as due diligence is completed.

Acquiring Clearwire's loss-making business will however depress Sprint's margins and cause its debt load to burgeon. However, we expect this impact to be more than offset by the cost-savings Sprint will realize from havi...

What was extremely disappointing was that most of the sales during the quarter were recognized on the older and cheaper BB7 devices and not BB10, on which rode most of the company's turnaround hopes.

Firm says the floor price for the share sale has been set at Rs177 per share

On 9/25/13, Hawaiian Electric Industries Cumulative Quarterly Income Preferred Securities, Series 2004 (NYSE: HE.PRU) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/30/13. As a percentage of ...

On 9/25/13, S.Y. Bancorp, Inc.'s 10.00% Cumulative Trust Preferred Securities (NASD: SYBTP) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 9/30/13. As a percentage of SYBTP's recent share price o...

On 9/25/13, Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (NYSE: PL.PRB) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 9/30/13. As a percentage of PL.PRB's recent share ...

On 9/25/13, Canadian Imperial Bank of Commerce's Non-cumulative Class A Preferred Shares Series 27 (Toronto: CM-PRE) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 10/28/13. As a percentage of CM...

On 9/25/13, AmeriServ Financial Inc.'s 8.45% Beneficial Unsecured Securities, Series A (NASD: ASRVP) will trade ex-dividend, for its quarterly dividend of $0.5281, payable on 9/30/13. As a percentage of ASRVP's recent sh...

Shares are down in Monday trading, but long term outlook is good

On 9/25/13, Bank of America Corp.'s 7% Trust Originated Preferred Securities (NYSE: MER.PRD) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 9/30/13. As a percentage of MER.PRD's recent share pr...