Market News
Tyson's $6.8 Billion Bid For Hillshire Could Spark Bidding War
IBTimes - 29 May 2014 23:31
Tyson Foods Inc. (NYSE:TSN) has offered to buy Hillshire Brands Co. (NYSE:HSH) for $6.8 billion, upstaging Pilgrim's Pride Corp.'s $6.4-billion bid and signaling a high-stakes food fight for the seller of Hillshire and J...
Nasdaq 100 Movers: GMCR, BIIB
IBTimes - 29 May 2014 23:31
In early trading on Thursday, shares of Biogen Idec (BIIB) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.7%. Year to date, Biogen Idec registers a 13.4% gain.
Does Winning The World Cup Boost Markets? Goldman Sachs Thinks So
IBTimes - 29 May 2014 03:31
If Wall Street investment is like a high-stakes game, is the converse true? That is the question behind a quadrennial Goldman Sachs exercise that analyzes the World Cup as if it were an investment opportunity. When the f...
Dow Movers: CSCO, MRK
IBTimes - 29 May 2014 23:31
In early trading on Thursday, shares of Merck & Co. (MRK) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%.
Thursday Sector Laggards: Apparel Stores, Construction Materials
IBTimes - 29 May 2014 23:31
In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Tillys (TLYS), down about 16.4% and shares of Gordmans Stores (GMAN) off about...
Thursday Sector Leaders: Music & Electronics Stores, Cigarettes & Tobacco Stocks
IBTimes - 29 May 2014 23:31
In trading on Thursday, music & electronics stores shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Radioshack (RSH), up about 16.5% and shares of Voxx International (VOXX) up a...
Watch Out, KFC: Popeyes Is On A Roll Again
Forbes - 29 May 2014 21:23
KFC may be a few times larger than its fried chicken rival Popeyes, but the chain should start looking in its rear view mirror.
Growth Stocks At A Tipping Point As Moving Averages Collide
Forbes - 29 May 2014 21:21
Growth stocks are at a critical juncture, and something has to give.
Thursday Sector Laggards: Utilities, Financial
Forbes - 29 May 2014 20:35
In afternoon trading on Thursday, Utilities stocks are the worst performing sector, showing a 0.3% loss. Within the sector, American Electric Power Company, Inc. (NYSE: AEP) and Ameren Corp. (NYSE: AEE) are two large sto...
Dish Network to Accept Bitcoin
Wall Street Journal - 29 May 2014 20:23
Dish Network said it would begin accepting bitcoin as payment starting in July, adding that it is now the biggest company to accept the virtual currency.
Tyson Enters Bidding For Hillshire Brands
Wall Street Journal - 29 May 2014 19:56
Setting up a battle between meatpacking heavyweights, Tyson Foods made a competing $6.1 billion bid to buy Hillshire Brands, the maker of Jimmy Dean sausage and Ballpark hot dogs.
Boston Scientific: Strong Performance Data For New IC Products
Forbes - 29 May 2014 19:48
We expect the strong performance data for both devices to aid their acceptance in international markets and drive IC sales growth going forward. The products currently driving sales in the IC division include the Promus ...
Daily Dividend Report: CM, MCK, CTL, IRM, BDC, VOYA
Forbes - 29 May 2014 19:46
CIBC (CM) announced that its board of directors declared a dividend of $1.00 per share on common shares for the quarter ending July 31, 2014 payable on July 28, 2014 to shareholders of record at the close of business on ...
Fedex Likely To Benefit From Change In Pricing Mechanism
Forbes - 29 May 2014 19:42
For FedEx, the change in pricing mechanism may work for or against them. Higher prices may either increase revenues and improve margins or lead to loss of business and decline in package volumes if customers move to othe...
What The Beats Deal Means For Apple
Forbes - 29 May 2014 19:36
Following the acquisition, the Beats brand will continue to exist alongside Apple's brand. While it is likely that Apple is paying the bulk of the acquisition price for the electronics business, much of the future value ...
Thursday 5/29 Insider Buying Report: ERII, GDL
Forbes - 29 May 2014 19:32
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.
Insiders Seeing Green With Occidental Petroleum At New 52-Week High
Forbes - 29 May 2014 19:32
On May 5th, Occidental Petroleum (OXY) announced net income for the first quarter of 2014 of $1.4 billion ($1.75 per diluted share), compared with $1.4 billion ($1.68 per diluted share) for the first quarter of 2013.
Bono's On Board: Latest Move At Fender Highlights Singer's Business Chops
IBTimes - 29 May 2014 19:31
Rock singer Bono and his bandmate in U2, The Edge, are broadening their business horizons, and both have been named to guitar maker Fender's board of directors.
Thursday's ETF with Unusual Volume: XSD
Forbes - 29 May 2014 19:00
The SPDR S&P Semiconductor ETF (XSD) is seeing unusually high volume in afternoon trading Thursday, with over 301,000 shares traded versus three month average volume of about 98,000. Shares of XSD were up about 0.5% on...
Thursday's ETF Movers: GDXJ, PHO
Forbes - 29 May 2014 18:56
In trading on Thursday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Rubicon Minerals (RMX.CA), up about ...
Thursday Sector Laggards: Apparel Stores, Construction Materials & Machinery Stocks
Forbes - 29 May 2014 18:55
In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Tillys (TLYS), down about 16.4% and shares of Gordmans Stores (GMAN) off abo...
Thursday Sector Leaders: Music & Electronics Stores, Cigarettes & Tobacco Stocks
Forbes - 29 May 2014 18:54
In trading on Thursday, music & electronics stores shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Radioshack (RSH), up about 16.5% and shares of Voxx International (VOXX) up...