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Market News

Location American Market News for 29 May 2014
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...
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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.
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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...
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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...
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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...
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S&P 500 Movers: KORS, TSN

IBTimes - 29 May 2014 23:31
In early trading on Thursday, shares of Tyson Foods (TSN) topped the list of the day's best performing components of the S&P 500 index, trading up 5.3%. Year to date, Tyson Foods registers a 28.3% gain.
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Watch Out, KFC: Popeyes Is On A Roll Again

Forbes - 29 May 2014 21:23
Watch Out, KFC: Popeyes Is On A Roll Again KFC may be a few times larger than its fried chicken rival Popeyes, but the chain should start looking in its rear view mirror.
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Growth Stocks At A Tipping Point As Moving Averages Collide Growth stocks are at a critical juncture, and something has to give.
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Thursday Sector Laggards: Utilities, Financial 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...
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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.
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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.
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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 ...
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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 ...
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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...
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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 ...
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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.
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Insiders Seeing Green With Occidental Petroleum At New 52-Week High 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.
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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.
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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...
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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 ...
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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...
Read More
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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...
Read More
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