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Market News

Location American Market News for 13 November 2013
The Reason Why Francis Bacon's 'Lucian Freud' Is Worth $142 Million Francis Bacon's "Three Studies of Lucian Freud" became the world's most expensive artwork sold at auction at Christie's on the back of the wealthy getting richer, strong demand for contemporary art, and the subjectively ...
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Cisco Falls Short Of Expectations, Adds To Buyback Program Cisco Systems fell short of expectations. Shares were down close to 9% to $21.90 on the news.
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Bitcoin Couple Travels the World Using Virtual Cash

Wall Street Journal - 13 Nov 2013 23:38
It was a three-month odyssey that spanned the globe. The mission: to live on bitcoin alone.
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(Kitco News) - Uncertainty regarding Argentina's mining industry caused Stillwater Mining Company (NYSE: SWC, TSX: SWC.U) to lower the value of its Altar mineral property and take an impairment charge of $290.4 million,...
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Mexican Perez to leave McLaren

CNN - 13 Nov 2013 23:00
Sergio Perez is to leave Formula One team McLaren at the end of the 2013 season after just one year with the British marque.
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If This Chart Breaks, Copper And Copper Exporters Will Plunge An ominous chart pattern may indicate a bear market ahead for copper.
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(Kitco News) - Comex gold prices lost modest early gains and finished the U.S. day session slightly lower and at a four-week low close Wednesday. Spot gold prices were holding modest gains in late trading. Chart-based s...
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The 10 Retailers That Have the Most To Gain -- And Lose -- This Holiday Season This holiday season, all eyes are on J.C. Penney, Sears, The Gap and Uniqlo.
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Short Sellers Back Off Best Buy With Holidays Ahead Retailer's triple-digit surge sends it from death's door to short seller's bane.
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Shares In Explosive Makers Go Off With A Bang Want more bang for your buck? Then why not look at the share-price performance of two of the world's leading makers of industrial explosives.
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What Wouldn't Warren Do?

Forbes - 13 Nov 2013 18:12
What Wouldn't Warren Do? Like the one gifted child in a magician's audience who doesn't follow the diversion and spots the trick, Buffett has always seen only what actually matters.
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Bitcoin Price Hits New Record High

Wall Street Journal - 13 Nov 2013 18:02
The virtual currency vaulted above $400 on the Mt. GOX exchange on Wednesday as it continues to be buoyed by growth in China, limited supply and new investment products.
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ONGC: discounted valuations, but limited stock triggers The implementation of a gas price hike will augur well for the stock
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Twitter will fall below $28 by June, say structured product investors Investors are speculating the lack of profitability will weigh on shares of the microblogging service
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Top Picks From Three Sectors

Forbes - 13 Nov 2013 17:31
Top Picks From Three Sectors A sharp 1.9% drop in Hong Kong's Hang Seng Index overnight is putting pressure on the other global markets as all the major Eurozone averages are lower. As was the case yesterday, the futures are down sharply before the ...
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Puerto Rico's economy and bond ratings are starting to resemble those of Detroit and Greece. Larry Summers, the former Treasury Secretary last week called Puerto Rico's bonds "the junkiest of the junk".
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How To Get Affordable Insurance

Forbes - 13 Nov 2013 17:15
How To Get Affordable Insurance Top tips for keeping your premiums low
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Get Your Obamacare Card Here! How to Avoid ACA Scams Have you received your Affordable Care "card" in the mail yet? Has anyone come to the door to "sign you up" or check your Medicare status?
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Economy to grow distinctly better in second half: C Rangarajan Improvement in manufacturing and good monsoon will drive growth, believes PMEAC chairman
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Tax deduction available on home loan only after possession If the property is self-occupied, then deduction on interest shall be restricted to `1.5 lakh per FY
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De-jargoned: Tapering

livemint.com - 13 Nov 2013 16:43
De-jargoned: Tapering It refers to the reduction in the quantum of the bond buying programme by the US central bank
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Mint50: DWS Short Maturity

livemint.com - 13 Nov 2013 16:42
Mint50: DWS Short Maturity A timely increase in cash levels before the July rate cuts helped limit its loss
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