Market News
International Flavors & Fragrances Earnings Projected to Increase
Forbes - 2 May 2014 17:00
Wall Street is optimistic about International Flavors & Fragrances, which is slated to report its first quarter results on Tuesday, May 6, 2014. Analysts project a profit of $1.25 a share, a rise from $1.19 per share a y...
Forbes Earnings Preview: Mosaic
Forbes - 2 May 2014 16:00
Mosaic reports its first-quarter earnings on Tuesday, May 6, 2014, and the consensus earnings per share estimate is 58 cents per share.Over the past three months, the consensus estimate has sagged from 63 cents. For the ...
Rupee opens higher at 60.23 per dollar
livemint.com - 2 May 2014 06:00
The partially convertible rupee opens at 60.23 per dollar compared with its previous close of 60.34
Berkshire Heir Apparent: Buffett's Eldest Son
Wall Street Journal - 2 May 2014 22:48
Howard Buffett, a farmer, philanthropist and volunteer deputy sheriff, is slated to take over for his father as Berkshire Hathaway's next chairman.
For Larry Summers, Inequality A Subject Worthy of Yawns
IBTimes - 2 May 2014 22:31
Larry Summers bears the scars of a man who has more than once confronted accusations that he is insufficiently concerned with the plight of the less-than-affluent. Last month, Summers appeared to burnish that charge, pro...
US Bankruptcy Judge Urges Settlement On GM Ignition Defects
IBTimes - 2 May 2014 22:31
Update, 3:20 p.m.: The New York Times reported that General Motors has started preliminary talks to settle more than 300 claims involving wrongful death or personal injury from accidents linked to the defective ignition ...
Barclays, Credit Suisse Questioned In High-Frequency Trading Investigation
IBTimes - 2 May 2014 22:31
Some of the world's biggest banks are in the crosshairs of New York Attorney General Eric Schneiderman as part of his probe into high-frequency trading, the controversial practice in which traders get an edge over other ...
Inverse ETF's Or Short-Sales To Profit From Market Downturns?
Forbes - 2 May 2014 22:17
With so many long-time successful members of the ‘smart money’ contingent calling for a significant market correction this year, investors would be wise to at least prepare for the possibility. It seldom works to wai...
Weekly Market Wrap: May 2, 2014
Forbes - 2 May 2014 20:46
The eighteenth trading week of 2014 comes to a close with US markets slightly lower, to flat in mid-afternoon trading.
With Struggles In The U.S., Aeropostale Might Want To Focus On These International Markets
Forbes - 2 May 2014 19:45
Since its strategies are not working out in the U.S., Aeropostale might want to look for opportunities beyond the domestic boundaries. We believe that investors or potential buyers will prefer that the retailer improve i...
MetLife Earnings Hurt By FX Headwinds, Underwriting Results In The U.S.
Forbes - 2 May 2014 19:42
Operating earnings from the Americas region were up 3%, but the income from the Asia region dropped 2% on a reported basis due to FX headwinds, despite an 8% increase on a constant currency basis. Earnings were also affe...
Strong Growth In Employer And PEO Services Drive ADP's Earnings
Forbes - 2 May 2014 19:39
The mid teens growth rate in new business bookings puts ADP on track to achieve its 8% growth forecast for the fiscal year 2014. However, the low yield environment continues to hamper ADP's interest on funds held for cli...
Merck Banks On R&D Pipeline And Immunology Drugs As Pricing Pressure Grows
Forbes - 2 May 2014 19:36
The competition from generics has resulted in severe pricing pressure in the U.S. and Europe. The combined sales for the aforementioned drugs fell by 10.9% during the quarter, amounting to $1,555 million. So where should...
Daily Dividend Report: OXY, KMB, YUM, AA, PAYX
Forbes - 2 May 2014 19:18
Occidental Petroleum (OXY) said that its board of directors has declared a regular quarterly dividend of $.72 per share on common stock payable on July 15, 2014, to stockholders of record as of June 10, 2014.
Friday's ETF with Unusual Volume: EFAV
Forbes - 2 May 2014 19:12
The iShares MSCI EAFE Minimum Volatility ETF (EFAV) is seeing unusually high volume in afternoon trading Friday, with over 258,000 shares traded versus three month average volume of about 118,000. Shares of EFAV were d...
Friday Sector Laggards: Biotechnology, Computer Peripherals
Forbes - 2 May 2014 19:00
In trading on Friday, biotechnology shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Endocyte (ECYT), off about 62% and shares of Immunomedics (IMMU) down about 2...
Friday Sector Leaders: Education & Training Services, Precious Metals
Forbes - 2 May 2014 18:59
In trading on Friday, education & training services shares were relative leaders, up on the day by about 3%. Leading the group were shares of Capella Education (CPLA), up about 7% and shares of New Oriental Education a...
Retirement Alert: Why One Of The Worst States Is Among The Most Livable
Forbes - 2 May 2014 18:59
In a recent Gallup poll, half of residents of my home state of Illinois said they wanted to move elsewhere. I urge my fellow Prairie Staters -- or any future retirees -- to run through some quality-of-life metrics before...
25 Best Cities For An Active Retirement
Forbes - 2 May 2014 18:59
Here's our list of 25 prime places to stay physically fit and engaged with the community.
Friday's ETF Movers: GDXJ, XLU
Forbes - 2 May 2014 18:43
In trading on Friday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Sandstorm Gold (SAND), up about 8.3% a...
NRG Energy Loss Anticipated to Narrow
Forbes - 2 May 2014 18:00
NRG Energy is expected to book a narrower loss than a year ago when it reports first-quarter earnings on Tuesday, May 6, 2014. Analysts are expecting a loss of 12 cents per share, up from a loss of 37 cents per share a y...
EPS Estimates for Energy Transfer Partners Improved In Last Month
Forbes - 2 May 2014 18:00
In the month leading up to the Energy Transfer Partners' first quarter earnings announcement slated for Tuesday, May 6, 2014, expectations have risen for the upcoming results. The consensus analyst estimate has gone fro...