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Market News

Location American Market News for 6 March 2014
DYK: Women get multiple benefits while buying property Women pay lower stamp duty in some states, get cheaper loans
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The U.S. has frozen more than $458 million hidden in bank accounts in the Channel Islands and France by the former military dictator of Nigeria, Gen. Sani Abacha, the Department of Justice said Wednesday. The department ...
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Israeli Prime Minister Benjamin Netanyahu was in Silicon Valley on Wednesday, where he met with Apple Inc. (NASDAQ:AAPL) CEO Tim Cook as well as other top tech-executives in hopes of forging closer ties between his count...
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Your next trip to the ATM could be a score for thieves, and you won't even know it. At 10 p.m. on Tuesday night, police arrested two men at a Chase bank ATM in New York's Brooklyn borough on charges of burglary, criminal...
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Investment banking fees generated from advisory services, debt and equity issuance totaled $53.5 billion last year, according to Bloomberg, up almost 5 percent from 2012. The top 20 banks to have made the most money made...
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Lenders Spring Up to Cater to Subprime Sector

Wall Street Journal - 6 Mar 2014 23:10
As the economic recovery continues, new entrants see an opportunity to lend at interest rates approaching 10% and sometimes much more.
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Companies Rush to List Shares

Wall Street Journal - 6 Mar 2014 22:59
Companies are launching IPOs at the fastest pace in years to take advantage of booming share prices and investor demand while they last.
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ECB Ready to Act

Wall Street Journal - 6 Mar 2014 21:19
European Central Bank President Mario Draghi reiterated that the central bank is ready to act if needed, but refrained from introducing new stimulus measures to help the euro-zone recovery.
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Daily Dividend Report: NMFC, MITT, AE

Forbes - 6 Mar 2014 21:10
New Mountain Finance Corporation (NMFC) announced that its board of directors declared a first quarter 2014 dividend of $0.34 per share, which will be payable on March 31, 2014 to holders of record as of March 17, 2014.
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(Kitco News) - U.S. gold futures threatened to push through the recent four-month high, boosted Thursday by a softer U.S. dollar, ongoing geopolitical tensions surrounding Ukraine and technical-chart factors.
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Thursday's ETF with Unusual Volume: QCLN

Forbes - 6 Mar 2014 20:25
The First Trust NASDAQ Clean Edge Green Energy Index Fund ETF (QCLN) is seeing unusually high volume in afternoon trading Thursday, with over 289,000 shares traded versus three month average volume of about 118,000.  Sh...
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Merrill Lynch raises its stake in FTIL to 1.1%

livemint.com - 6 Mar 2014 19:50
Merrill Lynch raises its stake in FTIL to 1.1% After buying 235,000 shares in FTIL on Wednesday, the firm bought an additional 499,000 shares on Thursday taking the total purchases to 1.1% stake
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In trading on Thursday, agriculture & farm products shares were relative laggards, down on the day by about 3.4%.  Helping drag down the group were shares of Origin Agritech (SEED), off about 12.8% and shares of Agria (...
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Global stocks rise on Ukraine diplomacy, euro climbs on ECB MSCI's world equity index up 0.6%, and the MSCI emerging market index rises 1.2%
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Thursday's ETF Movers: ILF, XPH

Forbes - 6 Mar 2014 19:03
In trading on Thursday, the iShares Latin America 40 ETF (ILF) is outperforming other ETFs, up about 1.8% on the day.  Components of that ETF showing particular strength include shares of Companhia Paranaense de Energia...
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European High-Yield Bond Volume Slows While New-Issue Yields Tighten Despite ample demand, European high-yield bond issuance slowed down in February, as 11 bonds priced totalling €3.9 billion, down from 17 bonds for €5.7 billion in January. In the year to Feb. 28 European borrowers ra...
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SH, XRT: Big ETF Outflows

Forbes - 6 Mar 2014 18:03
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Proshares Short S&P500 (SH), where 5,025,000 units were destroyed, or a 7.2% decr...
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XLE, IGHG: Big ETF Inflows

Forbes - 6 Mar 2014 18:02
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Energy Select Sector SPDR Fund (XLE), which added 6,150,000 units, or a 6.4% increase we...
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Can Tech Giants Push the QQQ Higher?

Forbes - 6 Mar 2014 17:56
Can Tech Giants Push the QQQ Higher? The weaker-than-expected reports from ADP on employment, along with the disappointing ISM Non-Manufacturing Index, made for a mixed close as the Dow Industrials was lower, the S&P 500 was flat, and the Nasdaq 100 managed...
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Vietnam Drought Triggers Coffee Headache

Wall Street Journal - 6 Mar 2014 17:48
Coffee production in Vietnam, the world's biggest producer of robusta beans, will be significantly lower than last year due to cold and dry weather in the coffee-growing region.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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Icahn Fires Again In EBay Fight, Targeting Andreessen And PayPal Split Billionaire tries to return focus to PayPal split, but can't resist a few more digs at board, Andreessen.
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