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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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Market report: FTSE slides on China concerns

Telegraph - 12 Mar 2014 21:08
Market report: FTSE slides on China concerns London's benchmark FTSE 100 slumped to its lowest close in a month     
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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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Daily Dividend Report: GIS, O, BDN, SMRT

Forbes - 12 Mar 2014 20:21
General Mills (GIS) declared a quarterly dividend of $0.41 per share, payable May 1, 2014, to shareholders of record April 10, 2014. This represents an 8 percent increase from the previous quarterly rate of $0.38 per sha...
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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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Business news and markets: as it happened: March 12, 2014 As copper falls for the fourth day, the FTSE 100 is down 1pc, while the Dax and Cac have both slipped 1.25pc.     
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Where Are All the $50M Consumer Funds?

Forbes - 12 Mar 2014 19:05
In 1993, the firm that would become leading consumer private equity fund Catterton Partners, raised $50 million for its second fund. Over the next 13 years, subsequent funds measured $100 million, $400 million, $650 mill...
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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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(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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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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