Market News
Credit Suisse In Talks To Pay $1.6 Billion To Resolve U.S. Tax Probe: Source
IBTimes - 6 May 2014 02:31
(Reuters) - Credit Suisse Group AG (VTX:CSGN) is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person f...
Twitter Shares Slump As Stock Lock-Up Expires
IBTimes - 6 May 2014 23:31
(Reuters) - Shares of Twitter Inc. fell more than 12 percent in morning trading on Tuesday after the expiration of a six-month "lock-up" period for early investors that had restricted the sale of about 82 percent of the ...
Securities and Exchange Commission Probing Brokerages Over Handling Of Retail Orders, Sources Say
IBTimes - 6 May 2014 23:31
(Reuters) - The Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers' orders are routed, executed and filled, according to ...
Alibaba Files IPO in the U.S.
Wall Street Journal - 6 May 2014 23:09
Chinese Internet giant Alibaba Group Holding officially filed plans to offer its shares in the U.S., in what is expected to be one of the largest stock listings in history.
Growth Versus Value With Markets At A Crossroads
Forbes - 6 May 2014 23:03
Fund managers have different strategies for navigating the ebbs and flows of investing. For Value style investors, it all boils down to one main rule; “buy low, sell high.” The phrase is often quoted, but often a...
Alibaba Gold: Which Investors Stand To Cash In On The Massive Public Offering
Forbes - 6 May 2014 23:02
Alibaba filed its long-awaited public offering Tuesday, seeking to raise as much as $1 billion (a placeholder total) at a still unknown price. The Chinese Internet giant with $5.6 billion in annual sales should be the la...
Federal Reserve Bedeviled By Naïve Forecasting
Forbes - 6 May 2014 22:58
Chances are the Fed is going to be wrong again and miss the inflection point in the economy. I see it coming sooner rather than later.
U.S. Stocks Close Down
Wall Street Journal - 6 May 2014 22:47
U.S. stocks closed broadly lower Tuesday, with declines concentrated in smaller, high-growth stocks and consumer Internet shares.
Whole Foods Shares Sink On Rotten News Trifecta
Forbes - 6 May 2014 22:45
Whole Foods Market shares were down more than 10% in afterhours trading Tuesday after the grocer reported weak profits, slowing same store sales growth and a sharply lowered earnings outlook.
9 ObamaCare-Agnostic Health Care Stocks
Forbes - 6 May 2014 22:26
HMOs look pretty cheap almost regardless of what happens with ObamaCare.
EIA Raises Forecast for Natural-Gas Prices
Wall Street Journal - 6 May 2014 21:43
Natural gas will cost more this year, on average, than previously expected, government forecasters said Tuesday.
HSBC Services PMI refects contraction, but sentiment remains high
livemint.com - 6 May 2014 21:38
The business activity index improves in April to 48.5 from 47.5 in March
On Sale Now: Hong Kong Apartments
Wall Street Journal - 6 May 2014 21:14
Hong Kong's once-sizzling property market has turned so frosty that developers have resorted to discounts.
Sebi steps in after auditor flags related-party dealings at MCX
livemint.com - 6 May 2014 20:31
Sebi is scrutinizing the legitimacy of PwC's audit on MCX, and the impact of the findings, if they are correct, on the MCX's public shareholders
Office Depot To Close 400 US Stores, Shares Rise
IBTimes - 6 May 2014 20:31
(Reuters) - Office Depot Inc (ODP.N) raised its forecast for full-year adjusted operating income and said it would close at least 400 stores in the United States over two years, sending the office supply retailer's share...
Flash Crash Anniversary: Are Safeguards Enough To Prevent Another?
IBTimes - 6 May 2014 20:31
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co. Inc. discusses his experience during the Flash Crash on May 6, 2010, and what safeguards have been put in place in the stock market to...
Gold Ends Weaker on Chart Consolidation from Recent Gains
Forbes - 6 May 2014 20:31
(Kitco News) - Gold prices ended the U.S. day session modestly lower Tuesday, on a corrective pullback from good gains scored Friday and Monday. The rally in the Euro currency and the slumping U.S. dollar index on Tuesd...
Why Asian Governments No Longer Fear Tapering, But US Rate Hikes
Forbes - 6 May 2014 20:22
I have just returned from Astana, Kazakhstan, where I have been attending the annual meeting of the Asian Development Bank. There is always a narrative that defines a meeting like this, a common theme that becomes more r...
Daily Dividend Report: AIG, LLY, TSN, STWD, BAX
Forbes - 6 May 2014 20:05
American International Group declared a dividend of $0.125 per share on AIG common stock, par value $2.50 per share. The dividend is payable on June 24, 2014, to stockholders of record at the close of business on Tuesday...
Gold Prices To Benefit From Stronger Euro Following Thursday's ECB Meeting - Analysts
Forbes - 6 May 2014 19:57
(Kitco News) - Gold prices could be dragged higher Thursday by a stronger euro as the European Central Bank is expected leave interest rates unchanged following their monetary policy meeting, according to some analysts.
Tuesday 5/6 Insider Buying Report: CHCO
Forbes - 6 May 2014 19:50
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 dollars to ...
Transocean Q1 Preview: Ultra-Deepwater Fleet, Costs In Focus
Forbes - 6 May 2014 19:48
We believe that the company's results could be weighed down by lower utilization rates on its fleet of ultra-deepwater rigs, although this could be partially offset by better cost management. During Q4 2013, the company'...