Market News
Business news and markets: live - Tuesday, February 11, 2014
Telegraph - 11 Feb 2014 09:20
The FTSE is expected to open up this morning ahead of testimony from Janet Yellen, the new head of the Federal Reserve
Bitcoin plunges after marketplace indefinitely halts withdrawals
livemint.com - 11 Feb 2014 06:40
Bitcoin plunges to as low as $500 early on Monday, down more than 27% from Friday's final price of $692
Wall Street Has Its Mojo Back: Stocks Up For Fourth Straight Day
Forbes - 11 Feb 2014 23:56
On Tuesday, the S&P climbed another 1.1%, capping the largest four-day rally in over a year.
Daily Dividend Report: LLL, OMI, FWRD
Forbes - 11 Feb 2014 21:11
L-3 Communications (LLL) has increased the company's regular quarterly cash dividend nine percent from $0.55 to $0.60 per share. The board has also declared the next dividend payable on March 17, 2014 to shareholders of ...
Facebook: My Best Moon Shot
Forbes - 11 Feb 2014 21:07
When you model Facebook's numbers you find it selling at an EBITDA ratio under 20 times 2015's projection. No other super growth property comes close to such a reasonable valuation.
Daily Dividend Report: XLNX, BAC, ICE, STI, O
Forbes - 11 Feb 2014 21:05
Xilinx (XLNX) declared a quarterly cash dividend of $0.29 per share, an increase from the current dividend of $0.25 per share. The quarterly dividend increase will be effective in the June quarter, payable on June 4, 201...
Market report: Kazakhmys boosted by devaluation
Telegraph - 11 Feb 2014 20:57
Shares in the copper producer surged after Kazakhstan weakened its currency
Lower Iron Ore Prices Will Reduce Rio's Year-Over-Year Revenues And Profits
Forbes - 11 Feb 2014 20:50
While the operating results for the year are impressive, it remains to be seen to what extent profit margins have slipped as a result of lower prices, particularly for iron ore.
Tuesday 2/11 Insider Buying Report: MUR, CNX
Forbes - 11 Feb 2014 20:33
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Regeneron Runs, Too Late To Buy Now
Forbes - 11 Feb 2014 23:15
Regeneron broke out today, up more than 7%.
Sam Zell Joins Activists Corvex And Related In Fight For CommonWealth REIT
Forbes - 11 Feb 2014 23:05
Real estate legend joins up with Corvex and Related Companies in battle for REIT's future.
Gold Hits 3-Month High on More Chart-Based Buying, Tame Yellen Remarks
Forbes - 11 Feb 2014 21:35
(Kitco News) - Gold prices ended the U.S. day session with good gains and hit a more-than-three-month high Tuesday. The market was boosted by the increasingly bullish near-term technical posture of gold, and by non-thre...
NetApp Earnings Preview: Software And All-Flash Array Key To Drive Growth
Forbes - 11 Feb 2014 20:52
With a growing number of flash-based storage solutions, the company's hardware storage margins could improve further. However, if OEM product sales recover from the slight decline in the previous quarter, then the rise i...
PepsiCo Earnings Preview: Snacks Could Offset Decline In Beverage Sales
Forbes - 11 Feb 2014 20:46
Contracting soda sales and declining demand for hot cereals in the U.S. are expected to weigh on the company's financials. However, the company is expected to derive growth from its booming Frito-Lay snacks division, esp...
Green Mountain Sales Slow Down But Earnings Overshadowed By Coca-Cola Stake Acquisition
Forbes - 11 Feb 2014 20:44
Gross margins, as expected, improved 220 basis points on a year-over-year basis, primarily due to lower cost of raw materials. Favorable coffee costs benefited the company to the tune of 390 basis points but weaker prici...
Expand exposure to software vendors: Sebi
livemint.com - 11 Feb 2014 20:32
Sebi asks brokerages to establish a 'software escrow arrangement' with their existing software vendors
Tuesday Merger Roundup: JEC, JCOM, FIBK, MNK, CADX
Forbes - 11 Feb 2014 20:31
Jacobs Engineering Group (JEC) has acquired Eagleton Engineering headquartered in Houston, Texas. The acquisition enhances Jacobs' capabilities in midstream and upstream pipeline engineering, design and field surveying s...
NSEL case: Bails of Anjani Sinha, two others rejected
livemint.com - 11 Feb 2014 19:40
Sinha was arrested on 17 October by Mumbai Police's EOW in connection with the payments crisis, after arrests of Jai Bahukhandi and Amit Mukherjee
For Puerto Rico Bondholders, The Chickens Have Come Home To Roost
Forbes - 11 Feb 2014 19:36
After seven years of recession, a ballooning budget deficit and billions in unfunded pension liabilities, Puerto Rico’s bonds last week were downgraded by two agencies, Standard & Poor’s and Moody’s, to “junk” ...
Gold At Highest Levels Since November, But Could It Plunge As Low As $1,000?
Forbes - 11 Feb 2014 19:18
Gold futures and gold miners are rebounding as Janet Yellen testifies in front of the House Committee of Financial Services Tuesday, but some prognosticators believe the metal has room and reason to fall.
Sochi Olympic Medals
Forbes - 11 Feb 2014 19:18
The official medal designs for the XXII Olympic and Paralympic Winter Games.