Market News
SAC's Steinberg Loses Bid For Insider Trading Acquittal
IBTimes - 16 May 2014 06:31
(Reuters) - A U.S. judge on Thursday rejected a request to acquit Michael Steinberg, a day before the scheduled sentencing on an insider trading conviction for the former portfolio manager at Steven A. Cohen's SAC Capita...
Higher-Yielding Bank Debt Draws Interest
Wall Street Journal - 16 May 2014 04:49
Investors are scooping up riskier bonds sold by banks, betting on financial institutions' revival after a wave of regulatory changes since the financial crisis
EEM, VRP: Big ETF Inflows
Forbes - 16 May 2014 16:47
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Emerging Markets ETF (EEM), which added 10,800,000 units, or a 1.2% increas...
Friday Sector Leaders: Department Stores, Textiles
IBTimes - 16 May 2014 23:31
In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Dillard's (DDS), up about 14.8%.
US Warns 'Time Is Short' As Iran Nuclear Talks Make Little Progress
IBTimes - 16 May 2014 23:31
(Reuters) - Iran and six world powers made little progress this week in talks on ending their dispute over Tehran's nuclear program, U.S. and Iranian officials said on Friday, raising doubts over the prospects for a brea...
Fake Charities, Drug Cartels, Ransom and Extortion: Where Islamist Group Boko Haram Gets Its Cash
IBTimes - 16 May 2014 23:31
Just over a year ago, armed men on motorcycles entered a national park in Cameroon, near the Nigerian border, and swiftly abducted a family of vacationing French tourists -- a husband and wife and their four children alo...
Dow Movers: INTC, VZ
IBTimes - 16 May 2014 23:31
In early trading on Thursday, shares of Verizon (VZ) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.7%. Year to date, Verizon has lost about 5.0% of its value.
Nasdaq 100 Movers: NTAP, AMAT
IBTimes - 16 May 2014 23:31
In early trading on Friday, shares of Applied Materials (AMAT) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 8.3%. Year to date, Applied Materials registers a 14.5% gain.
S&P 500 Movers: CHK, JWN
IBTimes - 16 May 2014 23:31
In early trading on Friday, shares of Nordstrom (JWN) topped the list of the day's best performing components of the S&P 500 index, trading up 11.1%. Year to date, Nordstrom registers a 10.5% gain.
Wall Street Says It's Different This Time
Forbes - 16 May 2014 22:51
It’s a good thing it’s different this time! We know it is because Wall Street says so.
Weekly Market Wrap: May 16, 2014
Forbes - 16 May 2014 21:28
The twentieth trading week of 2014 comes to a close with US markets trading higher in the last hour.
Gold Traders Should Keep An Eye On Bond Yields
Forbes - 16 May 2014 20:59
(Kitco News) - Gold traders may keep an eye on U.S. bond yields after the 10-year Treasury note dipped to its lowest level in seven months this week.
Worried About Integration Risk for AT&T and DirecTV?
Forbes - 16 May 2014 20:59
History indicates a DirecTV acquisition is challenging to execute, but industry sources think AT&T can handle it.
Daily Dividend Report: UNP, TWC, APA, LO, MOS, WYN, DF
Forbes - 16 May 2014 20:06
Union Pacific Corporation (UNP) declared a quarterly dividend of 91 cents per share, or 45.5 cents per share post-split, on its common stock, payable July 1, 2014, to shareholders of record on June 16, 2014. Union Pacifi...
Friday's ETF with Unusual Volume: LVL
Forbes - 16 May 2014 19:56
The Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) is seeing unusually high volume in afternoon trading Friday, with over 443,000 shares traded versus three month average volume of about 35,000. Shares of...
Friday's ETF Movers: VWO, XBI
Forbes - 16 May 2014 19:53
In trading on Friday, the Vanguard FTSE Emerging Markets ETF (VWO) is outperforming other ETFs, up about 1% on the day. Components of that ETF showing particular strength include shares of Sesa Sterlite (SSLT), up abou...
Friday Sector Laggards: Entertainment, Biotechnology Stocks
Forbes - 16 May 2014 19:49
In trading on Friday, entertainment shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of World Wrestling Entertainment (WWE), down about 43% and shares of Live Nation...
Friday Sector Leaders: Department Stores, Textiles
Forbes - 16 May 2014 19:48
In trading on Friday, department stores shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Dillard's (DDS), up about 14.8% and shares of J.C. Penney (JCP) up about 12.4% on the ...
BlackRock Integrates Rates Trading Into Existing Aladdin Platform
Forbes - 16 May 2014 19:48
BlackRock has collaborated with electronic market-maker Tradeweb Markets to allow users of its proprietary risk and portfolio management platform, Aladdin, to manage, price and execute orders in the rates and derivatives...
Friday 5/16 Insider Buying Report: GOGO, MGLN
Forbes - 16 May 2014 19:46
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...
Urban Outfitters' Earnings Preview: Improved Consumer Spending, Strong Anthropologie & Free People Brands Will Drive Growth
Forbes - 16 May 2014 19:44
Urban Outfitters is one of the few apparel retailers in the U.S., who performed very well last year despite the edgy retail environment. With its strong brands and a preppy product range, the retailer was able to drive s...
Medtronic Earnings Preview: Cost Cutting Efforts In Focus
Forbes - 16 May 2014 19:40
Medical device maker Medtronic, Inc. (NYSE: MDT) reported year-over-year (y-o-y) operational sales growth of over 4% in the third quarter of fiscal 2014 to about $4.2 billion, driven by steady growth across all its divis...