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Market News

Location American Market News for 12 March 2014

'Candy Crush' Maker Seeks Valuation of Up to $7.6 Billion

Wall Street Journal - 12 Mar 2014 23:12
King Digital, maker of the "Candy Crush Saga" mobile game, is seeking a market value of up to $7.6 billion in its IPO.
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New York Fed Looked at Foreign-Exchange Benchmark in 2012

Wall Street Journal - 12 Mar 2014 22:52
The Federal Reserve Bank of New York in 2012 studied whether a key foreign-exchange benchmark could be subject to manipulation, but it didn't take any public action as a result, according to people familiar with the matt...
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MEXICO CITY -- Citigroup Inc. (NYSE:C), the third largest banking group in the U.S., announced in late February that it was revising its Q4 2013 profits, which resulted in a $235 million net reduction. Citigroup disclose...
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Wall Street Average Bonus Up 15%

Wall Street Journal - 12 Mar 2014 21:23
Wall Street bonuses are expected to be up 15% from a year earlier, boosted by compensation deferred from previous years, according to an estimate released by New York State Comptroller Thomas DiNapoli.
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Government Starts Herbalife Probe

Wall Street Journal - 12 Mar 2014 21:18
The Federal Trade Commission has started a civil investigation into Herbalife, the company said.
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And they all fall down

livemint.com - 12 Mar 2014 21:16
And they all fall down Except for clothing and footwear, all other sub-categories of consumer price inflation showed easing of price rises in February
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Five S&P 500 Stocks With Rising Short Activity The most recent short interest data has just been released by the NASDAQ for the 02/28/2014 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five S&P 500 stocks....
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Five Dow Stocks With Rising Short Activity

Forbes - 12 Mar 2014 20:48
Five Dow Stocks With Rising Short Activity The most recent short interest data has just been released by the NASDAQ for the 02/28/2014 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five Dow Jones Indus...
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Export-driven sectoral indices outperform stock market rally Shares of companies dependant on domestic demand languishing on account of the economic slowdown
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Philip Morris International (PM) declared a regular quarterly dividend of $0.94 per common share, payable on April 11, 2014, to shareholders of record as of March 27, 2014. The ex-dividend date is March 25, 2014.
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Wednesday's ETF with Unusual Volume: KXI

Forbes - 12 Mar 2014 20:07
The iShares Global Consumer Staples ETF (KXI) is seeing unusually high volume in afternoon trading Wednesday, with over 321,000 shares traded versus three month average volume of about 32,000.  Shares of KXI were off ab...
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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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Wednesday's ETF Movers: GDXJ, ITB

Forbes - 12 Mar 2014 19:29
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 3.7% on the day.  Components of that ETF showing particular strength include shares of Gold Resource (GORO), up about 11.7...
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(Reuters) -- An Italian judge has ordered Tirreno Power, 50 percent-owned by France's GDF Suez SA (EPA:GSZ), to turn off two coal-fired units at its Vado Ligure plant due to environmental concerns, the Italian electricit...
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The International Astronomical Union, which oversees naming conventions for planets and planetary features, has expressed plenty of concern over Uwingu's "Name a Mars Crater" campaign. According to the IAU, there are ple...
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In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 1.9%.  Leading the group were shares of Gold Resource (GORO), up about 8.7% and shares of Entree Gold (EGI) up about 7.8% on ...
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China Markets Hit by Sluggish Demand

Wall Street Journal - 12 Mar 2014 17:52
Growing signs of weakening Chinese demand for commodities are sparking a selloff in the country's currency, its stock market and in the coal, copper and iron ore it buys.
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Former Credit Suisse Banker Pleads Guilty

Wall Street Journal - 12 Mar 2014 17:48
A former Credit Suisse banker pleaded guilty to helping Americans hide money in Switzerland and agreed to cooperate with the U.S. government.
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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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BIL, UDOW: Big ETF Outflows

Forbes - 12 Mar 2014 16:59
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays 1-3 Month T-Bill ETF (BIL), where 1,800,000 units were destroyed, o...
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Sebi tightens anti-money laundering norms

livemint.com - 12 Mar 2014 16:58
Sebi tightens anti-money laundering norms Intermediaries are required to maintain records of clients' documents for at least 5 years after a business relationship ends or an account is closed
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IWM, SSG: Big ETF Inflows

Forbes - 12 Mar 2014 16:58
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Russell 2000 ETF (IWM), which added 24,950,000 units, or a 10.8% increase week o...
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