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Market News

Location American Market News for 13 December 2013

SBI hires Citi, HSBC for share sale

livemint.com - 13 Dec 2013 16:17
SBI hires Citi, HSBC for share sale Deutsche Bank, JPMorgan Chase, Bank of America and UBS have also been hired
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Are Philippine Stocks Heading For A Bust?

Forbes - 13 Dec 2013 06:10
Are Philippine Stocks Heading For A Bust? The Philippine stock market has experienced a dangerous technical breakdown that may lead to a bear market.
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A Journey Into World's Deepest Gold Mine

Wall Street Journal - 13 Dec 2013 23:56
Welcome to what some call the world's greatest gold rush. A rare look inside the deepest gold mine on the planet.
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Sprint Preparing a Bid for T-Mobile US

Wall Street Journal - 13 Dec 2013 23:50
Sprint is working toward a possible bid for rival T-Mobile US, people familiar with the matter said, setting the stage for a giant telecom merger that if permitted by regulators would leave the U.S. wireless market domin...
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Sprint Corporation (NYSE:S) is moving toward a possible bid for rival T-Mobile US Inc (NYSE:TMUS), the Wall Street Journal said Friday. If the giant telecom deal can jump through various regulatory hoops, the merger of t...
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Despite High Prices, Investors Still Salivate Over Mobile Plays Investors continue to bet on mobile stocks.
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Don't Bet On Horsehead Holding

Forbes - 13 Dec 2013 23:33
Horsehead Holding is not looking good. Due to disappointing results, quarterly and annual estimates have been revised sharply downward in the past few weeks by analysts.
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And Then There Were 3? Sprint Said To Be Prepping T-Mobile Bid Two years ago, the Justice Department refused to let AT&T's $39 billion acquisition of T-Mobile go through.
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Whither Japan Stocks In 2014

Forbes - 13 Dec 2013 23:03
Whither Japan Stocks In 2014 Where are Japanese stocks going in 2014? Nikkei Online on December 13 poses this question to Kikuchi Masatoshi, chief equity strategist of Mizuho Securities.
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Twitter Could Challenge Google And Facebook On Advertising Front, Analyst Says An RBC analyst raises Twitter's price target to $60 per share, citing its ability to compete against Google and Facebook as a marketing platform.
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Are Hedge Funds Betting Against Manchester United Coach David Moyes Or Billionaire Malcolm Glazer? Shares in Manchester United have been declining in the face of reports Odey Asset Management is shorting the soccer team, yet the Red Devils have recently posted a record first quarter fueled by commercial growth. The po...
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Conn's Kicks It Up A Notch, Stock Soars

Forbes - 13 Dec 2013 22:17
Conn's Kicks It Up A Notch, Stock Soars Conn's just reported a strong quarter and worries of bad credit customers have abated.
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Red Hot Chinese Real Estate Pumps Up SouFun Share Price Looking for a way to play the growth of the Chinese middle class? Look no further than the core aspiration and spending driver of consumers everywhere: the home.
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Commercial Vehicle Group Stuck In A Rut

Forbes - 13 Dec 2013 21:40
Commercial Vehicle Group Stuck In A Rut Commercial Vehicle Group Inc. (CVGI - Snapshot Report) is a supplier of products and systems for the global commercial vehicle market. Its products include static and suspension seat systems, electronic wiring harness as...
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Fresh Del Monte Stock Not Quite Ripe For Buying While many stocks have soared so far in 2013, those in the commodity production space have had a much rougher time. Investors have shunned commodity producers by and large, as the focus has been on growth stocks, or comp...
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Southwest Airlines Shares Should Get A Lift From Excessive Pessimism Bearishness of Wall Street could drive LUV shares further north. Traders hoping to bet on continued upward momentum for Southwest Airlines might want to think about purchasing the equity's in-the-money March 2014 16-stri...
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ETF Funds For Late Starters

Forbes - 13 Dec 2013 19:39
ETF Funds For Late Starters One of the more unnerving facts about retirement investing is the illusion of knowledge. As we get older and more wise to the world, the tendency is to believe that we understand how things work.
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Sutil switches to Sauber for 2014

CNN - 13 Dec 2013 19:35
Germany's Adrian Sutil lands a drive with Sauber for the 2014 season, the Swiss Formula One team announce Friday.
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Clash at Italy Bank Puts Rescue at Risk

Wall Street Journal - 13 Dec 2013 19:21
A clash between the management of Banca Monte dei Paschi and the bank's largest shareholder threatens to throw into chaos a plan to stave off its full nationalization.
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Pending FOMC Meeting Leaves Survey Participants Split On Gold Market Direction (Kitco News) - With the Federal Open Market Committee meeting slated for Tuesday and Wednesday, market participants are split on how gold prices will trade next week, although there is a nominal higher number who see we...
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Facebook Nears All-Time High As Instagram Begins To Pay Off Facebook continued its nearly month-long march up this week, as investors grow increasingly bullish about the social network's potential
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The Evolution Of Facebook

Forbes - 13 Dec 2013 19:07
The Evolution Of Facebook How has Facebook changed since 2004? Here's a look at some of the site's most notable redesigns and features.
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