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Market News

Location American Market News for 24 April 2014

Merrill to Advisers: Find Your 'Noble Purpose'

Wall Street Journal - 24 Apr 2014 17:25
Merrill Lynch chief John Thiel is on a personal mission to get the firm's advisers to think beyond making money and more deeply explore why they do what they do. He asks them to ponder this question: "What is your noble ...
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Apple Inc. (Nasdaq:AAPL) had a record-breaking second quarter as international partnerships and iPhone sales boomed. The Cupertino, Calif., company's launch of an 8GB iPhone 5c in certain international markets in mid-Mar...
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General Electric Co. (NYSE:GE) is poised to make its biggest-ever acquisition, but the proposed deal is just as likely to draw brickbats from critics of American corporate tax policy as it is kudos from investors.
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Amazon reported better-than-expected first quarter earnings results Thursday afternoon, and on the news that profit and revenue grew at a faster rate than analysts predicted, shares of the e-commerce giant got a bump in ...
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Gujarat NRE to issue more than 2% equity to ICICI Bank The metallurgical coke maker will also sell 60 million shares to any of the lending banks under private placement basis
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Daily Dividend Report: AAPL, JNJ, PFE, C, V

Forbes - 24 Apr 2014 21:43
Apple approved an increase to the company's quarterly dividend of approximately 8 percent and has declared a dividend of $3.29 per common share, payable on May 15, 2014 to shareholders of record as of the close of busine...
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Thursday's ETF with Unusual Volume: VSS

Forbes - 24 Apr 2014 21:36
The Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) is seeing unusually high volume in afternoon trading Thursday, with over 645,000 shares traded versus three month average volume of about 69,000. Shares of VSS were t...
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Ex-KPMG Partner Gets 14 Months in Prison

Wall Street Journal - 24 Apr 2014 21:29
Former KPMG partner Scott London, who pleaded guilty to an insider-trading scheme, was sentenced to 14 months in prison in a Los Angeles federal court.
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Apple: Rotting From The Core?

Forbes - 24 Apr 2014 21:24
Apple: Rotting From The Core? Here's why positives in the Apple's latest report are an illusion.
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Thursday's ETF Movers: ITB, KRE

Forbes - 24 Apr 2014 21:02
In trading on Thursday, the iShares U.S. Home Construction ETF (ITB) is outperforming other ETFs, up about 2.7% on the day.  Components of that ETF showing particular strength include shares of DR Horton (DHI), up about...
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Cash Dividend On The Way From PG&E Corp.'s 5% Redeemable 1st Preferred On 4/28/14, PG&E Corp.'s 5% Redeemable 1st Preferred (AMEX: PCG.PRD) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 5/15/14. As a percentage of PCG.PRD's recent share price of $23.41, this divi...
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Economy bottoming out explains boom in stocks: Ravindra Deshpande The Silverdale Capital senior investment analyst on why debt levels at some Indian infrastructure firms are worrying
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DuPont?s agricultural products sales volume declined by 7% y-o-y due to early seasonal seed shipments made by the company. Harsh weather conditions due to winter storms in North America also impacted its seed sales negat...
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The announcement marks yet another step by RBS towards resolving a long list of legal and operational issues on its path to privatization, as the British government holds a majority stake in the group since its bailout i...
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Despite disruptive cold weather conditions in the U.S., motorcycle revenues rose over 13% year-on-year to $1.3 billion through March. This growth was mainly fueled by stabilizing European markets, rising sales in emergin...
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iPhone growth in emerging markets was especially promising, with unit sales in the BRIC countries setting a new quarterly record on strong adoption of the cheaper iPhone 4S. The stronger-than-expected iPhone contribution...
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Cairn buys less than 2% in share buy-back

livemint.com - 24 Apr 2014 19:26
Cairn buys less than 2% in share buy-back Cairn wants to buy 8.9% shares from the open market at not more than Rs335 apiece in the buy-back programme
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Apple has an advantage over Facebook and Twitter in that it already has credit card information and the accounts have already conducted at least one transaction on iTunes. In this respect Facebook and Twitter are far beh...
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Why The Average Investor's Investment Return Is So Low The S&P 500 is up more than seven percent over the last ten years but the average investor has gained less than three percent. Why?
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Rubber Falls to Four-Year Low

Wall Street Journal - 24 Apr 2014 18:10
The price of rubber has tanked to the lowest level in more than four years. The selloff accelerated in recent days as the Southeast Asian cartel that controls the majority of production refrains from cutting supply.
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Emerging markets no longer a cakewalk for consumer firms Some big names like Nestle and Unilever have reported earnings that indicate a further slowdown in emerging markets
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S&P 500 Analyst Moves: GOOG

Forbes - 24 Apr 2014 18:02
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Google (GOOG) is now the #41 analyst pick, moving up by 2 spots.         This rank is form...
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