Market News
Chinese Gold Demand Could Rise In 2014, In Surprise Call, Though India's Demand May Have Peaked Years Ago
IBTimes - 28 Mar 2014 18:21
Demand for gold in China, which broke consumer records in 2013, could reach new heights in 2014, according to some analysts.
Wal-Mart Sues Visa For $5 billion Over Card Swipe fees
IBTimes - 28 Mar 2014 05:21
(Reuters) - Wal-Mart Stores Inc this week sued Visa Inc for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action settle...
Porsha Williams Fights Kenya Moore At 'RHOA' Reunion Show Taping: Report
IBTimes - 28 Mar 2014 01:21
The latest season of "Real Housewives of Atlanta" will soon end. But fans may be in for a rowdy "RHOA" reunion before the show goes on hiatus. According to Radar Online, during the reunion show taping on Thursday, Porsha...
Wal-Mart Sues Visa For $5B Over Card Swipe Fees
IBTimes - 28 Mar 2014 22:21
(Reuters) - Wal-Mart Stores Inc. this week sued Visa Inc. for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action sett...
Market report: RSA lifted by activist stake
Telegraph - 28 Mar 2014 21:42
Cevian Capital has declared a 7.29pc stake in the troubled FTSE 100 insurer
Weekly Market Wrap: March 28, 2014
Forbes - 28 Mar 2014 21:05
The thirteenth trading week of 2014 comes to a close as Friday morning's gains have been partially erased, though the market is still in positive territory as we head into the last hour of trading.
Martin Lipton Names Some Activists He Respects
Wall Street Journal - 28 Mar 2014 21:00
Veteran deal lawyer Martin Lipton said some shareholder activism should be "encouraged" even while he maintained his long-standing arguments that activists harm the economy.
A Look At SunPower's Recent Chinese Supply Deal
Forbes - 28 Mar 2014 19:46
We think that the deal would allow SunPower to take a small, but significant step into the burgeoning Chinese utility scale solar market, which has so far eluded most large Western solar companies. This deal would also s...
Accenture Earnings: Consulting Revenues Disappoint Even As Order Book Improves
Forbes - 28 Mar 2014 19:44
The company result was in line with our expectation as the outsourcing revenue grew 5% year over year in constant currency to $3.43 billion, while the consulting business revenues were flat at $3.69 billion. Furthermore,...
Examining Alcoa's Alumina Business
Forbes - 28 Mar 2014 19:40
In 2013, Alcoa's alumina division revenues were $3.3 billion from third-party sales while inter-segment sales accounted for $2.2 billion worth of sales. For Q1 2014, Alcoa expects around 65% of alumina third-party shipme...
Friday 3/28 Insider Buying Report: PCI, ARCP
Forbes - 28 Mar 2014 19:36
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.
Daily Dividend Report: OXM, CHCO, MAS, QRE, EBF
Forbes - 28 Mar 2014 19:33
Oxford Industries (OXM) declared a cash dividend of $0.21 per share payable on May 2, 2014 to shareholders of record as of the close of business on April 17, 2014. This represents a 17% increase from the dividend paid in...
Fernandes: "One day" Caterham could win
CNN - 28 Mar 2014 19:32
Malaysian businessman Tony Fernandes talks about the progression of his team and expectations for the 2014 season.
Friday's ETF Movers: GXC, FBT
Forbes - 28 Mar 2014 19:04
In trading on Friday, the SPDR S&P China ETF (GXC) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of 21Vianet Group (VNET), up about 8.3% and sh...
Friday Sector Laggards: Rental, Leasing, & Royalty, Biotechnology Stocks
Forbes - 28 Mar 2014 18:58
In trading on Friday, rental, leasing, & royalty shares were relative laggards, down on the day by about 1.7%. Helping drag down the group were shares of Whiting USA Trust I (WHX), off about 22.4% and shares of Researc...
Friday Sector Leaders: Music & Electronics Stores, Shipping Stocks
Forbes - 28 Mar 2014 18:57
In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 2.7%. Leading the group were shares of Gamestop (GME), up about 6.7% and shares of hhgregg (HGG) up about 3.9% on th...
Why Did Gold Crash In April 2013? Computerized Trading Is One Explanation
IBTimes - 28 Mar 2014 18:21
Gold's 13 percent crash in April 2013, representing a sudden and steep decline of $200 per ounce over two momentous days, set the floor for gold's poor performance in 2013, which saw its worst showing since 1981. The cau...
Which States Depend The Most On The US Federal Government?
IBTimes - 28 Mar 2014 18:21
In 2012, Republican presidential candidate Mitt Romney told a small conference of supporters about "47 percent" of Americans depend on the government and provide nothing back. "My job is not to worry about those people. ...
S&P 500 Analyst Moves: FB
Forbes - 28 Mar 2014 17:59
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Facebook (FB) is now the #14 analyst pick, moving up by 1 spot. This rank is forme...
Platinum Bargain Hunting Expected After Pullback As Strike Continues
Forbes - 28 Mar 2014 17:53
(Kitco News) - Any further weakness in platinum prices may well be viewed as a buying opportunity, especially with much of the world’s mine output still sidelined by a strike in South Africa, analyst said.
Dow Analyst Moves: GE
Forbes - 28 Mar 2014 17:47
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, General Electric (GE) is the #19 analyst pick. Within the broader S&P 500,...
The Hidden Game Behind Professional Poker
Wall Street Journal - 28 Mar 2014 17:02
How the poker pros bet millions on their own card hands--and each other.