Market News
New Report Ranks 22 Drug Companies Based On R&D
Forbes - 22 May 2014 14:09
Billionaire hedge fund manager Bill Ackman is fundamentally wrong in the arguments that he is making in his efforts to force Botox-maker Allergan to sell itself to Valeant Pharmceuticals. Merck and Novartis, both regarde...
JPMorgan's Problems In China No Isolated Incident
IBTimes - 22 May 2014 04:31
The long investigation of JPMorgan's hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank's former vice president of investment banking in ...
Dish's Clues To Its Future
Forbes - 22 May 2014 22:48
Dish's bid for Sprint in 2013 hints at how the satellite provider fits into telecom M&A.
Toyota Recalls 466,000 Vehicles Globally For Spare Tire, Braking Issues
IBTimes - 22 May 2014 21:31
(Reuters) - Toyota Motor Corp. (7203.T) said on Thursday it is recalling 466,000 minivans and cars globally, mostly in the United States, for possible faulty brakes and loss of a spare tire. The Japanese automaker said i...
Secret Spy Satellite Launch: Classified NROL-33 Mission Launches Atop Atlas V Rocket
IBTimes - 22 May 2014 21:31
The United Launch Alliance, a joint venture by Lockheed Martin and Boeing, successfully launched a secret spy satellite for the National Reconnaissance Office on Thursday. The NROL-33 mission is classified, but the launc...
Nasdaq 100 Movers: ATVI, DLTR
IBTimes - 22 May 2014 21:31
In early trading on Thursday, shares of Dollar Tree (DLTR) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.6%. Year to date, Dollar Tree has lost about 4.6% of its value.
Olive Oil Prices Are on the Rise
Wall Street Journal - 22 May 2014 21:21
A dismal olive crop in Greece and underwhelming harvests across the southern European olive belt largely due to dry weather have lifted prices.
Thursday Sector Leaders: Utilities, Services
Forbes - 22 May 2014 20:38
In afternoon trading on Thursday, Utilities stocks are the best performing sector, up 0.8%. Within that group, AGL Resources Inc. (NYSE: GAS) and Ameren Corp. (NYSE: AEE) are two large stocks leading the way, showing a g...
JD.com Listing, Fat Stock Grant Lift Chairman's Billionaire Ranking
Forbes - 22 May 2014 20:09
Today’s listing of money-losing Chinese e-commerce site JD.com has lifted the company’s chairman higher into the ranks of the world’s billionaires.
Unfavorable Weather Conditions And Slow Housing Activity Stall Top Line Growth For Home Depot
Forbes - 22 May 2014 19:48
Harsh winter conditions impacted the company?s U.S. comparable sales growth by 1%, but it expects a stronger Q2 on the back of pent-up consumer demand and spring repair sales.
Moving Production Share To Emerging Markets Can Unlock Substantial Value For Automakers
Forbes - 22 May 2014 19:45
Producing locally and avoiding import tariff and non-tariff barriers unlock a lot of value to automakers. This means that car companies can afford to sell vehicles at much lower prices and therefore target a much larger ...
DuPont Considering Alternatives To Spinning Off Its Performance Chemicals Business
Forbes - 22 May 2014 19:42
We believe that an RMT transaction would create greater value for DuPont shareholders in the long run, compared to a simple spin-off. This is primarily because of cost synergies and better pricing power associated with a...
Thursday 5/22 Insider Buying Report: PDI, ALEX
Forbes - 22 May 2014 19:41
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
GE Healthcare Is Focusing On Emerging Markets, R&D And Cost Cuts To Drive Growth
Forbes - 22 May 2014 19:36
The company anticipates its margins to continue to expand in 2014. We figure the simplification initiatives that GE has employed across its industrial businesses have also contributed to expand its healthcare margins.
Thursday's ETF with Unusual Volume: FTA
Forbes - 22 May 2014 19:02
The First Trust Large Cap Value AlphaDEX Fund ETF (FTA) is seeing unusually high volume in afternoon trading Thursday, with over 864,000 shares traded versus three month average volume of about 107,000. Shares of FTA w...
Thursday's ETF Movers: XBI, EWD
Forbes - 22 May 2014 19:01
In trading on Thursday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Cell Therapeutics (CTIC), up about 16.9...
Thursday Sector Laggards: Education & Training Services, Advertising Stocks
Forbes - 22 May 2014 19:00
In trading on Thursday, education & training services shares were relative laggards, down on the day by about 3.7%. Helping drag down the group were shares of ITT Educational Services (ESI), off about 22.2% and shares ...
SKS raises Rs400 crore through QIP issue
livemint.com - 22 May 2014 18:58
The QIP, which was launched on 19 May at a floor price of Rs235, was oversubscribed three times
Thursday Sector Leaders: Water Utilities, Biotechnology Stocks
Forbes - 22 May 2014 18:58
In trading on Thursday, water utilities shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Consolidated Water Company (CWCO), up about 4.7% and shares of Pure Cycle (PCYO) up ab...
Turkey surprises with rate cut weeks after Erdogan's call
livemint.com - 22 May 2014 18:29
First rate cut for a year comes weeks after Erdogan call; inflation remains stubbornly high
Flipkart's Myntra acquisition: on a wing and a prayer
livemint.com - 22 May 2014 18:17
It does look like the businesses will continue to run losses for some time and require regular funding
The Prudent Speculator - Hulbert's Top Performer for the Past 20 Years
Forbes - 22 May 2014 18:15
Volatility is the price one has to pay to be the top-ranked investment newsletter.