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Market News

Location American Market News for 16 October 2013
Good Bank, Bad Bank: Bank Of America's Recovery, JPMorgan's Decline How the tables have turned for Bank of America and JPMorgan Chase.
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Wednesday Earnings Roundup: ABT, BAC, BK

Forbes - 16 Oct 2013 15:35
Abbott (ABT) posted third quarter ongoing EPS of $0.55 and announced a 57 Percent Increase in their quarterly commone dividend. Additionally the company confirmed their full-Year 2013 ongoing EPS guidance range. In early...
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Political Accord Boosts Short-Term U.S. Debt

Wall Street Journal - 16 Oct 2013 23:53
The market for very short-term Treasury debt, or T-bills, rallied Wednesday on signs lawmakers will come to a deal in Washington to avert a U.S. default.
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American Express EPS Up 15% As Card Members Spend More American Express card members are spending more, helping the credit and charge card giant beat estimates
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Sallie Mae reports student loan originations jumped to $1.5 billion in the third quarter.
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Best Dow Stocks For Dividend Reinvestment Plans The stocks of the Dow have a lot for DRIP investors to like. Here are 12 standouts.
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Obamacare Delaying Hiring, Debt Ceiling Debate And Shutdown Hurt The Economy: Beige Book The Fed's beige book revealed Washington is one the major impediments for faster economic growth, as the shutdown and debt ceiling debate, along with Obamacare, are fueling uncertainty and delaying hiring.
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(Kitco News) -With the U.S. government finding a resolution to its debt ceiling crisis, currency experts are expecting to see new momentum for the U.S. dollar.
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(Kitco News) -Although the U.S. Senate has reportedly reached an agreement to raise the debt ceiling and reopening the government, the damage could be done and the country could be faced with another downgrade by rating...
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Daily Wrap: October 16, 2013

Forbes - 16 Oct 2013 22:07
The market heads into the close with the S&P 500 higher by about 1.4%, as the media is reporting that the Senate has reached a deal to end the shutdown and prevent a debt default. Reports say that Boehner is indicating t...
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U.S. Stocks Climb

Wall Street Journal - 16 Oct 2013 21:47
Stocks rallied and Treasury yields fell as Senate leaders reached an agreement to reopen the government and put the U.S. on course to avoid debt default.
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Fed Weighs Surcharge on Banks' Commodity Businesses

Wall Street Journal - 16 Oct 2013 21:15
Federal Reserve officials are considering imposing a new capital surcharge on Wall Street banks that own oil pipelines, metals warehouses and other lucrative physical commodities assets.
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BofA Earnings Surge on Loan Growth

Wall Street Journal - 16 Oct 2013 20:51
Bank of America's third-quarter profit climbed, but results were weighed down by weak trading revenue and a slowdown in the U.S. mortgage market..
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Stockbrokers Requests to Scrub Complaints Often Granted

Wall Street Journal - 16 Oct 2013 20:30
Stockbrokers are being routinely allowed to scrub some customer complaints from their public records, leaving investors in the dark about potentially troubled advisers, according to a study of more than 1,600 arbitration...
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(Kitco News) - Comex gold prices ended the U.S. day session moderately higher Wednesday, on a surprise rally in the face of an agreement among U.S. lawmakers on a budget/debt ceiling deal that will reopen the government...
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U.K., Hong Kong Widen Forex Probe

Wall Street Journal - 16 Oct 2013 20:22
Allegations of manipulations of foreign exchange rates have caused a number of countries to begin investigations.
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Bernanke Won't Have to Testify in AIG Case---For Now

Wall Street Journal - 16 Oct 2013 20:16
Fed Chairman Ben Bernanke doesn't have to testify under oath about the government's 2008 decision to bail out American International Group, at least as long as he holds his current position.
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12 Warning Signs An Investment Is A Scam

Forbes - 16 Oct 2013 20:15
12 Warning Signs An Investment Is A Scam With the economy uncertain and CD rates low, investment scams are flourishing. Here's how to spot a fraud before you're taken.
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How to Avoid Top Four Hottest Investor Threats You don't have to go far or rely upon secret online spy networks to find out which investment offerings are most threatening to investors.
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NSEL buyers may have been fronts to siphon off money: FMC Regulator suspects 24 buyer-members may have been used as fronts to siphon off most of the `5,574.35 crore they owe
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B&G Foods (BGS) has increased the Company's quarterly cash dividend rate by 3.1% from $0.32 per share of common stock to $0.33 per share of common stock. The quarterly dividend declared today is payable on January 30, 20...
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American Airlines Adding Shanghai Nights With Expanded Asia Presence American Airlines heading to Shanghai, Hong Kong with direct flights
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