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Market News

Location American Market News for 29 October 2013
Wall Street is expecting higher profit for Anheuser-Busch InBev when the company reports its third quarter results on Thursday, October 31, 2013. The consensus estimate is calling for profit of $1.32 a share, a rise from...
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Dow, S&P 500 Finish at Record Highs

Wall Street Journal - 29 Oct 2013 22:58
The advance comes as analysts expect the Federal Reserve to say it will continue its extraordinary effort to support the economy after concluding its latest policy-setting meeting Wednesday.
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SAC Capital to Plead Guilty To Fraud

Wall Street Journal - 29 Oct 2013 22:55
SAC will plead guilty to securities fraud as part of a landmark criminal insider-trading settlement with federal prosecutors set to be announced by next week.
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Facebook Stock's Status: It's Complicated

Wall Street Journal - 29 Oct 2013 22:48
It is tough to see how the 23 cents a share Facebook earned over the past four quarters justifies the $50 that its stock fetches today.
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CFTC to Drop Appeal of Position Limits Rule

Wall Street Journal - 29 Oct 2013 22:35
CFTC abandons challenge of rule limiting speculation in commodity markets
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Kodak Is Coming Back To The New York Stock Exchange The photography company crippled by the digital age has not only returned from bankruptcy: it's headed back to the Big Board on November 1
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2013 Remaining Market Outlook And What To Do Next With a potential Santa Claus rally and less downside pressure on bond prices there's more upside potential for the equity markets for the balance of the year,
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LinkedIn's Growth Stays Strong, But Stock Zigzags On Outlook LinkedIn shares rose 1.7% in regular trading, then zigzagged erratically after hours, as investors tussled over the significance  of adjustments to LinkedIn's rest-of-year outlook amid third quarter results that topped ...
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Buttonwood Gathering Considers Best Markets For The Future At Buttonwood Gathering, which region of the world will return the most for investors?
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Nasdaq Glitch Prompts Halts

Wall Street Journal - 29 Oct 2013 21:33
The Nasdaq Composite was frozen for nearly an hour during midsession trade Tuesday after Nasdaq OMX Group experienced problems transmitting data for stock-market indexes, the latest in a series of U.S. equity market brea...
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JPMorgan's $5.1 Billion Mortgage Settlement Doesn't Impact Its $60 Price Estimate While the terms of Citigroup's settlement with the FHFA were not disclosed, the fact that the size of Citi's MBS under litigation were about one-tenth that for JPMorgan ($3.5 billion vs. $34 billion) indicates that Citi ...
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Banks Probed Over Foreign Exchange

Wall Street Journal - 29 Oct 2013 21:20
UBS and Deutsche Bank confirmed their involvement in a global investigation into possible manipulation of the foreign-exchange markets. The Swiss bank said it has taken against staff in connection with the investigation.
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Deutsche Bank Hit by Legal Costs

Wall Street Journal - 29 Oct 2013 21:16
Deutsche Bank reported a significant fall in third-quarter profit as it put aside additional reserves for legal disputes, while investment banking revenue and profit slid.
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Apple Delivers Solid Quarter On Record iPhone Sales With Increased Margin Focus The higher iPhone mix helped gross margins improve sequentially to just over 37%, which the company expects to sustain in the holiday quarter as well.
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The economic reports delayed by the government shutdown continue to be released at a steady pace, but investors would probably be better served by not putting too much emphasis on any given set of numbers. Industrial pro...
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Part of J.P. Morgan Deal at Risk of Collapse

Wall Street Journal - 29 Oct 2013 20:11
Part of a multibillion-dollar deal between J.P. Morgan and the U.S. is at risk of collapsing over a disagreement about the bank's effort to be reimbursed by a government-controlled fund, according to people familiar with...
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(Kitco News) - As of Oct.8, speculators added to their bullish gold and silver futures and options contracts traded on the Comex division of the New York Mercantile Exchange, according to U.S. government data released M...
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S&P at record ahead of Fed meeting, euro rises

livemint.com - 29 Oct 2013 19:05
S&P at record ahead of Fed meeting, euro rises Brent dips, holds near $109 as Libyan output stays low; markets keep tight ranges as Fed decision looms
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Is The Bull Market Running Out Of Runway?

Forbes - 29 Oct 2013 19:03
Is The Bull Market Running Out Of Runway? One of the most dreaded fears of an airline pilot is running out of runway. With the S&P500 up over 20% year to date, a lot of investors and advisors are questioning whether this bull market is running out of runway.
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Home Prices Clock Fastest Annual Gain Since February 2006, Says S&P/Case-Shiller Average home prices across the country are back to their mid-2004 levels and roughly 20% below their June/July 2006 peak, according to the latest home price report.
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Ranbaxy: profitability falls as remediation expenses spike Investors would have expected the expenses to taper and not actually increase, especially at a time when revenue growth is under pressure
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NSEL defaults in 11th payout

livemint.com - 29 Oct 2013 18:01
NSEL defaults in 11th payout NSEL paid only Rs29.05 crore against its weekly settlement dues of Rs174.72 crore
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