Market News
Citi Faces Inquiry in California Over Failure to Report Suspicious Activity
Wall Street Journal - 11 Apr 2014 05:36
The Justice Department is investigating whether a Citigroup unit in California failed to alert the government to suspicious banking transactions along the U.S.-Mexico border.
For U.S. Banks, Winter Chill Lingers
Wall Street Journal - 11 Apr 2014 03:49
Ahead of the Tape: Thanks to enfeebled bond trading, low loan growth, and an uncooperative interest-rate environment, first-quarter bank results aren't likely to impress.
GM CEO Mary Barra May Have Known About Steering Troubles In 2011
Forbes - 11 Apr 2014 23:45
Documents released Friday in conjunction with a House Energy and Commerce Committee investigation show that General Motors CEO Mary Barra received an email in 2011 regarding potential steering troubles in cars that were ...
US Consumer Sentiment Hits 9-Month High In April
IBTimes - 11 Apr 2014 22:31
(Reuters) -- U.S. consumer sentiment rose in April to its highest level in nine months as both current conditions and expectations brightened, a survey released on Friday showed. The Thomson Reuters/University of Michiga...
Dotcom crash fears wipe £20bn off FTSE
Telegraph - 11 Apr 2014 22:28
London shares drop as investors take fright at plunge in Nasdaq
5 Places For Your Cash Instead Of Money Markets & Treasurys
Forbes - 11 Apr 2014 21:40
EverBank World Markets of St. Louis, Mo. recommends these alternative fixed income investments instead of U.S. money market accounts or even long term Treasury bonds that pay under 2.2% interest.
How To Avoid the Worst Banking Abuses
Forbes - 11 Apr 2014 21:40
It wasn't too long ago that banks would do nearly anything to get your business and worked hard to keep it. Imagine getting a toaster for opening an account! Oh boy, those were the days.
The Market Is Too Dependent On Hopes That Await Evidence
Forbes - 11 Apr 2014 21:34
The market remained positive, near its December peak for three months, primarily based on hopes.
Weekly Market Wrap: April 11, 2014
Forbes - 11 Apr 2014 21:11
The fifteenth trading week of 2014 comes to a close with US Markets sharply lower in late afternoon trading. Big names such as JP Morgan Chase, General Motors, J.C. Penney and Advanced Micro Devices are taking a hit.
Friday 4/11 Insider Buying Report: GRUB, PDI
Forbes - 11 Apr 2014 20:41
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
MCX discloses financial details to JM Financial
livemint.com - 11 Apr 2014 20:35
MCX releases earnings to stock exchanges in response to information sought by FTIL's adviser JM Financial
Market report: Hargreaves hit by fee fears
Telegraph - 11 Apr 2014 20:33
Hargreaves Lansdown was the second-heaviest FTSE 100 faller on a rough day for the index
Fitch affirms India's rating on growth
livemint.com - 11 Apr 2014 20:17
Agency affirms "BBB-" rating with a stable outlook, citing higher growth than peers, a strong external position and a projected pick up in inward investments
Gold Traders To Eye Heavy U.S. Economic Calendar For Clues On Future Fed Policy
Forbes - 11 Apr 2014 20:03
(Kitco News) - Gold traders will be watching a full slate of U.S. economic data closely next week now that the Federal Open Market Committee has seemingly muddied the waters on how quickly it will start hiking U.S. inte...
Banks Pocket Healthy Underwriting Fees As Global Equity Market Remains Upbeat
Forbes - 11 Apr 2014 19:50
Continued optimism among companies and investors translated into higher equity underwriting fees for investment banks. Thomson Reuters' data estimates a 27% jump in equity underwriting fees for the industry as a whole co...
Rite Aid's Q4'14 Earnings: Wellness Stores Drive Growth
Forbes - 11 Apr 2014 19:44
Fiscal 2014 was Rite Aid's second profitable year in more than five years as the company benefited from its ongoing health and wellness transformation. Though its fiscal 2014 revenue increased only marginally, net income...
Who Will Be the New Market Leaders?
Forbes - 11 Apr 2014 19:41
arnage in the technology and biotechnology stocks continued on Thursday as the major averages erased all of Wednesday's gains. Selling was heavy and there were some signs of panic liquidation. The ARMS Index closed at 2....
An Overview of Cliffs' North American Iron Ore Business
Forbes - 11 Apr 2014 19:41
The tightening of credit by the Chinese government to steel mills which are not performing well has limited their capacity to buy iron ore. As a result, rising iron ore inventories at ports may limit scope for growth in ...
Why Facebook Wants To Separate Messaging From Its Mobile App
Forbes - 11 Apr 2014 19:38
The move comes following its acquisition of Whatsapp, the largest mobile messaging service in the world in terms of active users. As the company has allowed Whatsapp to operate independently as of now, it needs to ensure...
Diet Soda Slump To Lower Coca-Cola's Volumes; Still Beverages Could Offset This Decline
Forbes - 11 Apr 2014 19:35
With the two biggest soda consumers, the U.S. and Mexico, strengthening their resolve against widespread obesity and cutting down sugar intake, carbonated soft drink volumes for Coca-Cola might register another year-over...
Daily Dividend Report: WY, FAST, RRD, ADX, PGH
Forbes - 11 Apr 2014 19:31
Weyerhaeuser Company (WY) declared a dividend of $0.22 per share on the Common Stock of the company, payable in cash on May 30, 2014 to holders of record of such common shares at the close of business on May 9, 2014.
Colin Edwards announces retirement
CNN - 11 Apr 2014 19:08
MotoGP riders lead tributes to Colin Edwards after the American rider announced plans to retire at the end of 2014.