Market News
Cattle Prices Jump to Record Highs
Wall Street Journal - 27 Feb 2014 22:00
Tight supplies of U.S. livestock sent cattle futures to a record high Thursday, while hog futures surged to the highest level in 2½ years.
First World Problems Redux: These Are The Top 10 Consumer Complaints in the U.S.
IBTimes - 27 Feb 2014 19:21
According to the U.S. Federal Trade Commission, "Identity theft continues to top the Federal Trade Commission's national ranking of consumer complaints, and American consumers reported losing over $1.6 billion to fraud o...
Allianz Backs New Pimco Team
Wall Street Journal - 27 Feb 2014 20:27
German insurer Allianz said it was happy with the expanded management team at its Pimco unit following the exit of the fund manager's chief executive.
Bitcoin rebounds despite probes, calls for regulation
livemint.com - 27 Feb 2014 06:06
The Bitcoin was trading at $581, a rise of 13% over 24 hours, following a drop of more than $100 on Tuesday
Five Things To Know About The World's Largest Shipping Company: Maersk Cautiously Optimistic About Global Outlook
IBTimes - 27 Feb 2014 22:21
Denmark's A.P. Moller-Maersk is the largest shipping company in the world, and has long been seen as a bellwether for the global economy, and they're doing o.k. despite difficult economic conditions. The company reported...
Russian, Ukrainian Currencies Slide
Wall Street Journal - 27 Feb 2014 21:10
Tension in the former Soviet Union continued to weigh heavily on Ukraine's hryvnia and the Russian ruble Thursday and showed the first signs of spilling over into other major markets.
Freddie Mac Posts $48.7 Billion 2013 Profit
Wall Street Journal - 27 Feb 2014 17:27
Freddie Mac reported a record annual profit of $48.7 billion for 2013, powered by a strong rebound in U.S. home prices and a series of legal and accounting benefits that reversed earlier losses.
Food prices must decline sharply to avoid interest rate hikes
livemint.com - 27 Feb 2014 16:07
Odds are skewed in favour of rising policy rates, unless food and fuel inflation comes down drastically
Asian shares get off to nervous start as Ukraine fears grow
livemint.com - 27 Feb 2014 05:16
Investors pulled funds out of risk assets on fears of a wider conflagration in Ukraine
Yellen: Fed to Gauge Growth Before Acting
Wall Street Journal - 27 Feb 2014 22:04
Federal Reserve head Janet Yellen said it was hard to tell how much of recent weak economic growth was due to harsh weather and said the Fed may weigh a tapering pause if slowness persists.
KPMG: Michael Andrew Retiring as Chairman
Wall Street Journal - 27 Feb 2014 21:57
KPMG U.S. Chairman/CEO John Veihmeyer Named Global Chairman of KPMG Network
S&P 500 Rises, Heading For Record Close
Wall Street Journal - 27 Feb 2014 21:54
Stocks advanced, putting the S&P 500 on course for a record finish.
RBS to Slash Costs as Losses Deepen
Wall Street Journal - 27 Feb 2014 21:52
Royal Bank of Scotland announced a plan to cut more than $8 billion in costs over the next four years as the state-controlled bank posted its second largest-ever full-year net loss.
LME Rebuts Rusal's Challenge to Storage Plan
Wall Street Journal - 27 Feb 2014 21:14
Lawyers for the London Metal Exchange said a challenge by United Co. Rusal to a planned overhaul of its warehousing network is motivated by commercial interests.
Dan Loeb Touts Yahoo Success In Bid To Remake Sotheby's Board
Forbes - 27 Feb 2014 20:48
After shooting down directorship at art auction house, hedge fund manager wants to bring along two buddies as board members.
The Highest-Earning Hedge Fund Managers And Traders
Forbes - 27 Feb 2014 20:48
George Soros tops this year's list, making an estimated $4 billion.
Alternate Breakfast Options Eat Into Sales Of PepsiCo's Quaker Foods
Forbes - 27 Feb 2014 20:47
The shifting trends in the breakfast market have hurt sales of Quaker Foods, which sells hot and cold cereals, snack bars, rice snacks and cookies. Traditional American breakfasts such as oatmeal and sugar cereals are lo...
Credit Suisse Under Fire From Senate For Aiding Tax Evaders
Forbes - 27 Feb 2014 20:47
U.S. regulators have been investigating a number of Swiss banks over tax-evasion charges for well over a year now, and Credit Suisse figured at the top of the list due to its sizable presence in the country.
D.E. Shaw to Cut Illiquid Investments Fees
Wall Street Journal - 27 Feb 2014 20:45
Hedge-fund firm D.E. Shaw Group will cut its fees on nearly-decade-old illiquid investments, according to people with knowledge of the matter
Cisco's $8 Billion Debt Sale Bolsters U.S. Cash While Adding Value Through Share Buybacks
Forbes - 27 Feb 2014 20:45
With interest rates expected to climb further as the economy improves and the Fed tapers down its QE program, Cisco seems to have done well in tapping the debt markets at the right time. The cheap debt will help bolster ...
Lowe's Mitigates Impact Of Harsh U.S. Winter, Strong Spring Sales Expected
Forbes - 27 Feb 2014 20:43
Lowe's sales in spring are expected to be higher than usual as homeowners go about carrying out repair jobs due to the damage caused by the snow to driveways, roofs etc. The company expects comparable sales growth of app...
First Solar Posts Disappointing Q4 Earnings On Lower Power Plant Sales
Forbes - 27 Feb 2014 20:41
First Solar reported a lackluster set of Q4 2013 earnings, weighed down by lower revenue recognition in its solar power systems business. The earnings miss, coupled with lower-than-expected guidance for Q1 2014, sent the...