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Market News

Location American Market News for 3 April 2014

How a High-Frequency Trader Guarded Its Algorithms

Wall Street Journal - 3 Apr 2014 06:01
The founders of new high-frequency-trading concern SXP planned to give profits to charity but instead stand accused of stealing algorithms from Quantlab, the powerful firm that fired two of them.
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Asian stocks at four-month high on US data

livemint.com - 3 Apr 2014 05:20
Asian stocks at four-month high on US data The yen languished at 10-week lows as equity markets rose, denting safe-haven demand for the currency
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Maria Bartiromo On Flash Trading

Forbes - 3 Apr 2014 23:49
Maria Bartiromo On Flash Trading Is the market rigged? Fox Business Network anchor speaks with Moira Forbes about high frequency trading and Michael Lewis' new book, "Flash Boys".
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Following a Wednesday two-for-one split, Google stock began trading under two different NASDAQ tickers Thursday. The older ticket, "GOOG," now refers to Class C shares of Google, while the Class A stock traders under "GO...
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Expansion is best served in domestic markets for Indian, Chinese retailers Associate principal of China Market Research Group on how global firms can be successful in India
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Daily Dividend Report: PNC, DLPH, CAG, KBH

Forbes - 3 Apr 2014 20:58
The PNC Financial Services Group (PNC) declared a quarterly cash dividend on the common stock of 48 cents per share, an increase of 4 cents per share, or 9 percent, from the first quarter dividend of 44 cents per share. ...
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BlackBerry Gets Surprisingly Hot Early Sales With BBM Stickers Just two days after BBM Stickers launch, BBM has rocketed up the iPhone sales charts in key Asian and African markets. Could BBM be turning into a real revenue generator?
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Although JLR accounted for only 31% of the unit sales in fiscal 2013, the division contributes over 90% to our valuation for Tata, due to higher revenue per model, heftier margins and promising international expansion pl...
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Assuming State Street's board approves the dividend hike starting Q2 2014, the bank will pay shareholders $0.30 per share for three quarters this year - implying dividends of $1.16 per share for the year 2014.
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After witnessing seven consecutive years of decline, Jaguar's retail sales increased by 6% in 2012 and by 42% in 2013 to reach 76,701 units. Due to Tata's aggressive international plans, capacity augmentation, new model ...
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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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Thursday's ETF with Unusual Volume: PBD

Forbes - 3 Apr 2014 19:02
The PowerShares Global Clean Energy Portfolio ETF (PBD) is seeing unusually high volume in afternoon trading Thursday, with over 388,000 shares traded versus three month average volume of about 50,000. Shares of PBD were...
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Diversifying Your Portfolio Globally

Forbes - 3 Apr 2014 19:01
Diversifying Your Portfolio Globally The better than expected news on the economy and hopeful jobs numbers pushed the S&P 500 to another record close. Though the Dow Industrials had its highest close of 2014, it is still 0.1% below its all-time high. The an...
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China slowdown adds to emerging market growth hurdles: IMF US Fed's taper also shows that emerging markets will suffer if foreign capital is harder to obtain, says IMF's World Economic Policy report
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(Reuters) - Federal Reserve Governor Jeremy Stein, who has played a leading role in elevating the topic of financial stability in the U.S. central bank's monetary policy deliberations, will step down on May 28 to return ...
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Stock futures point to yet another strong run up the charts following Wednesday's strong payroll data, but investors will train their focus on trade and jobless claims numbers due out during the day, as well as Friday's ...
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(Reuters) - JP Morgan Chase & Co. is processing a payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the U.S. bank of illegally blocking the transaction under the p...
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S&P 500 Analyst Moves: CRM

Forbes - 3 Apr 2014 17:47
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Salesforce.com (CRM) is now the #38 analyst pick, moving up by 4 spots.         This rank ...
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Dow Analyst Moves: JNJ

Forbes - 3 Apr 2014 17:46
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Johnson & Johnson (JNJ) is the #14 analyst pick.  Johnson & Johnson also co...
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PNB raises `500 cr through bonds

livemint.com - 3 Apr 2014 17:37
PNB raises `500 cr through bonds Punjab National Bank raises `500 crore from bonds to fund the business growth plans
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With Yuan Scarce, IOUs Come to Fore

Wall Street Journal - 3 Apr 2014 17:32
Cash is increasingly hard to come by in China, so businesses are paying one another with a form of IOUs known as acceptance drafts. Analysts say banks aren't channelling enough funds into the economy.
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The latest report from the UN's Intergovernmental Panel on Climate Change (IPCC) could not be clearer – climate change is a threat to economic growth.
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