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Market News

Location American Market News for 19 December 2013
Negronis, Wild Turkey Whiskey, And Skyy Vodka: Campari's Strategy To Conquer The U.S. After a weak third quarter, Gruppo Campari's investors are trying to figure out where the company is headed, but CEO Bob Kunze-Concewitz believes the rise of bitters and other brands in the U.S., along with solid brand b...
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Forex Probe Uncovers Collusive Behavior

Wall Street Journal - 19 Dec 2013 16:25
A global probe into foreign-exchange markets has unearthed what some banks believe is evidence that senior London-based traders frequently colluded to try to manipulate currencies in order to maximize profits and minimiz...
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RBI's new NPA norms: the spirit is willing, but flesh is weak The RBI's discussion paper on bad loans is unlikely to change market perceptions towards state-owned banks
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Gold Falls Toward Year's Low

Wall Street Journal - 19 Dec 2013 17:07
Gold tumbled below $1,200 an ounce, bringing its year-to-date losses to 28% and putting the precious metal on track to end its 12-year bull run.
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Rupee forwards weaken on Fed taper

livemint.com - 19 Dec 2013 18:44
Rupee forwards weaken on Fed taper No change in interest rates allows RBI to assess impact of the Fed action, says Commonwealth Bank of Australia
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Kaelyn Krawczyk Accompanied By Rescue Dog During Surgery, Terrier Tops 7-Year-Old Girl's 'Love List' [PHOTO] A 7-year-old girl was allowed to go into surgery with her service dog, which monitored her condition while under anesthesia. WTVD
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Hold on to basics as markets sway

livemint.com - 19 Dec 2013 15:27
Hold on to basics as markets sway Here are four important financial ratios that will help you keep a steady eye on companies
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Traders Seek Edge With High-Tech Snooping

Wall Street Journal - 19 Dec 2013 21:00
A growing industry uses surveillance and data-crunching technology to supply traders with nonpublic information about oil supplies, electric-power production, retail traffic and crop yields.
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Sugar prices fall further on output worries

livemint.com - 19 Dec 2013 16:35
Sugar prices fall further on output worries Global sugar prices are down because of expectations that output could be higher than expected
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Gold Fades To Three-Year Low As Miners Continue Losing Steam The Fed's modest taper was good news for equities, but bad news for gold, which hit a three-year low on Thursday.
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'Greed' Drove Microsoft Manager SEC Charging With Insider Trading According to the SEC, he and his day-trader friend aimed to make enough money to create their own hedge fund.
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Microsoft Senior Manager Charged With Insider Trading, Blames Congress A senior employee at Microsoft Corporation and an acquaintance face criminal and civil charges that they made nearly $400,000 in illicit profits by trading on confidential Microsoft information, including earnings announ...
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Hershey Hopes $600 Million Candy Purchase Reveals Key To China's Taste Buds America's chocolate leader controls less than 2% of confectionery sales in China, behind competitors Mars, Nestle, and Ferrero.
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Top 10 Art Sales Of 2013 Over 5% Of Market

Forbes - 19 Dec 2013 22:08
Top 10 Art Sales Of 2013 Over 5% Of Market According to artnet, the 10 most expensive lots sold at auction so far this year alone have accounted for 669 million or over 5% of total global auction sales by value in 2013.
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Regulators Soften Rules For Securitizations

Wall Street Journal - 19 Dec 2013 21:51
Global banking regulators backed down partially from plans to introduce tough new regulations on certain types of bonds, in an apparent attempt to encourage banks to make it easier to extend new loans to the real economy...
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Markets That Can Propel Merck

Forbes - 19 Dec 2013 21:49
Markets That Can Propel Merck The market for oncology, infectious diseases and diabetes is growing due to an increasing patient pool. This presents strong growth opportunity for Merck and other pharmaceutical companies. In addition, there is an oppor...
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Facebook, Zuckerberg to Sell Stock

Wall Street Journal - 19 Dec 2013 21:48
Facebook and its chief Mark Zuckerberg said they will offer 70 million shares worth nearly $4 billion, renewing earlier plans that were scrapped when the stock price fell too low.
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U.S. Stocks Hover After Rally

Wall Street Journal - 19 Dec 2013 21:38
Stocks were little changed one day after the Federal Reserve's pledge to keep its easy-money support in place for the long haul triggered a global rally.
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Cash Dividend On The Way From First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A On 12/23/13, First Horizon National Corp's Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: FHN.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 1/10/14. As a percentage of FHN.PRA'...
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Cash Dividend On The Way From Citigroup Capital XI 6.00% Capital Securities On 12/23/13, Citigroup Capital XI 6.00% Capital Securities (NYSE: C.PRQ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/27/13. As a percentage of C.PRQ's recent share price of $25.15, this di...
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Regulator Warns U.S. Banks on Taking Risks

Wall Street Journal - 19 Dec 2013 20:31
Banks reaching for returns in a stagnant economic environment are venturing into "new, less familiar or higher risk products," OCC says.
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Bitcoin May Be Following This Classic Bubble Stages Chart Bitcoin may be following a classic pattern that speculative bubbles take as they pop.
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