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Market News

Location American Market News for 7 March 2014

U.S. Stocks Falter in Choppy Trade

Wall Street Journal - 7 Mar 2014 21:28
U.S. stocks were mostly lower in choppy trading after the U.S. said more jobs were created in February than economists had expected.
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The Wall Street Journal reported this morning that the Allman Brothers are ending their yearly March concert series at the Beacon Theater in my Upper West Side neighborhood. The end of winter will never be the same.
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Regulator Deletes Brokers' Red Flags

Wall Street Journal - 7 Mar 2014 17:59
A Wall Street regulator "routinely" strips out red flags on brokers, a study said. The study follows a Wall Street Journal analysis that found more than 1,600 stockbrokers have bankruptcies or criminal charges in their p...
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Moynihan's 2013 Compensation Increased 37% As Reported Under SEC Guidelines - Filing
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Former Jefferies Trader Litvak Found Guilty

Wall Street Journal - 7 Mar 2014 21:59
A jury found former Jefferies Group trader Jesse Litvak guilty on Friday of violating federal securities laws by misrepresenting bond prices to his clients in an effort to boost his own trading profits.
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Investors Return to Inflation-Protected Securities

Wall Street Journal - 7 Mar 2014 21:50
Funds that invest in Treasury inflation-protected securities, or TIPS, took in the largest weekly inflow since May 2012, reversing outflows that started last April.
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Weekly Market Wrap: March 7, 2014

Forbes - 7 Mar 2014 21:48
The tenth trading week of 2014 comes to a close with investors digesting the jobs report while keeping an eye on the situation in Ukraine.
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Daily Dividend Report: HRC, TCO, AMT, CVS

Forbes - 7 Mar 2014 21:30
Hill-Rom Holdings (HRC) has increased the company's fiscal year 2014 second quarter dividend 11 percent to $0.1525 per share. This dividend is payable on March 31, 2014 to shareholders of record as of the close of busine...
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Friday's ETF with Unusual Volume: IBB

Forbes - 7 Mar 2014 21:22
The iShares Nasdaq Biotechnology ETF (IBB) is seeing unusually high volume in afternoon trading Friday, with over 3.1 million shares traded versus three month average volume of about 1.2 million.  Shares of IBB were dow...
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Canada Sets Minimum Grain-Shipment Targets for Railways

Wall Street Journal - 7 Mar 2014 21:20
Canada took the unusual step of introducing stiff railway regulations to ease a grain bottleneck that has driven oat prices to historic highs in the U.S.
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Friday 3/7 Insider Buying Report: SUNS

Forbes - 7 Mar 2014 20:40
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 one noteworthy recent insider buy.
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Friday's ETF Movers: KRE, GDXJ

Forbes - 7 Mar 2014 20:34
In trading on Friday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 1.2% on the day.  Components of that ETF showing particular strength include shares of First Bancorp (FBP), up about 4....
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In trading on Friday, computer peripherals shares were relative laggards, down on the day by about 2.3%.  Helping drag down the group were shares of TransAct Tech (TACT), down about 15.1% and shares of FireEye (FEYE) of...
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NSEL case: `50 crore assets of agro firm attached by ED ED has identified the assets of PD Agro after it searched few premises and went through the records of the EOW
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Forensic audit in NSEL case finds brokerages indulged in benami trade: EOW According to the EOW, these benami trades were executed in the name of relatives of brokerage officials
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RBI raises FII purchase limit in Manappuram Finance to 49% The RBI decision comes after Manappuram board passed a resolution to enhance the limit for purchase of its equity shares and convertible debentures by FIIs
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French banks Société Générale and Crédit Agricole are under investigation for alleged money laundering and sanction breaches involving several countries, according to a source with direct knowledge.
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Global stocks retreat on Ukraine jitters, oil higher European shares turn sharply lower, down more than 1%; dollar rises from 4-month low, bond prices fall
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MasterCard and Visa Form Payment-Security Group

Wall Street Journal - 7 Mar 2014 18:05
Visa and MasterCard said Friday they are forming a new group to speed up the adoption of technology aimed at improving credit- and debit-card security.
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Nasdaq 100 Movers: BIIB, INTU

Forbes - 7 Mar 2014 17:58
In early trading on Friday, shares of Intuit (INTU) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.7%.  Year to date, Intuit registers a 7.6% gain.
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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.
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EEM, IFNA: Big ETF Outflows

Forbes - 7 Mar 2014 17:54
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Emerging Markets ETF (EEM), where 14,850,000 units were destroyed, o...
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