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Market News

Location American Market News for 3 June 2014
Friday's announcement that U.S. bank regulators will fine BNP Paribas $10 billion for alleged violations of U.S. sanctions on Iran has caused outrage in France, where the bank is headquartered. The National Front, the ri...
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DYK: These can bring down the resale value of your car Along with annual depreciation, there are certain other factors that can bring down the resale value
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Brothers Team to Shake Up M&A World

Wall Street Journal - 3 Jun 2014 22:52
Yoel and Michael Zaoui spent more than two decades on Wall Street working for different investment banks. Now, their firm, Zaoui & Co., has shot to prominence by advising on some of Europe's biggest deals this year.
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FirstEnergy Breaks Above 200 DMA On Unusual Volume In trading on Tuesday, shares of FirstEnergy (NYSE: FE) crossed above their 200 day moving average of $34.06, changing hands as high as $35.36 per share. FirstEnergy shares are currently trading up about 2.8% on the day.
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Staples Declares Dividend, Stock Oversold

Forbes - 3 Jun 2014 22:09
Staples Declares Dividend, Stock Oversold Earlier today, Staples (SPLS) announced that its Board of Directors has declared a quarterly cash dividend on Staples common stock of $0.12 per share. The dividend is payable on July 17, 2014, to shareholders of record o...
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Foreign Minister Laurent Fabius said France will defend the interests of its largest bank, BNP Paribas, as it faces the possibility of having to cough up more than $10 billion in fines to the U.S. for allegedly breaching...
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KIEV, Ukraine -- Ukraine is a country on the verge of bankruptcy, struggling to contain an uprising and to remain united. It's also an aviation superpower in its own right, punching way above its size -- thanks to its An...
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Coffee-Bean Prices Mean More Expensive Cup

Wall Street Journal - 3 Jun 2014 21:12
A spike in the cost of coffee beans in the futures market earlier this year is trickling down to consumers.
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Tuesday Sector Laggards: Consumer Products, Industrial The worst performing sector as of midday Tuesday is the Consumer Products sector, showing a 0.4% loss. Within that group, Tyson Foods, Inc. (NYSE: TSN) and Monster Beverage Corp (NASD: MNST) are two of the day's laggards...
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Staples (SPLS) announced that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on July 17, 2014, to shareholders of record on June 27...
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North American retail comparable sales declined by 4% due to low store traffic on account of weak fashion and severe cold at the start of the quarter. In Europe, the uncertain economic environment and political turmoil i...
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The aerospace facility in La Porte is the latest in a series of steps taken by the company to rebalance its product portfolio towards value-added midstream and downstream products. The intent behind this strategic shift ...
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The steps it announced over recent weeks are precursors to a strategic retreat by the bank from the U.S., with RBS likely to reduce operations in the country to the bare-minimum levels required to offer international ban...
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Tuesday's ETF with Unusual Volume: PBD

Forbes - 3 Jun 2014 19:10
The PowerShares Global Clean Energy Portfolio ETF (PBD) is seeing unusually high volume in afternoon trading Tuesday, with over 169,000 shares traded versus three month average volume of about 70,000.  Shares of PBD wer...
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In trading on Tuesday, education & training services shares were relative laggards, down on the day by about 2.4%.  Helping drag down the group were shares of Corinthian Colleges (COCO), off about 8.8% and shares of Nat...
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In trading on Tuesday, rental, leasing, & royalty shares were relative leaders, up on the day by about 2.1%.  Leading the group were shares of InterDigital (IDCC), up about 20.2% and shares of ECA Marcellus Trust 1 (ECT...
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Former F1 world champion Jody Scheckter takes a guided tour of the Gilles Villeneuve Circuit ahead of this weekend's Canadian Grand Prix in Montreal.
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Finance ministry sends show-cause notice to NSEL

livemint.com - 3 Jun 2014 18:40
Finance ministry sends show-cause notice to NSEL Finance ministry asks why the exemption granted to the spot exchange in 2007 should not be revoked
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Real interest rates move up sharply

livemint.com - 3 Jun 2014 18:25
Real interest rates move up sharply While the real interest rate may not have reached pre-crisis levels, it may have inched closer to it
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Hindalco's volumes to jump in FY15

livemint.com - 3 Jun 2014 18:00
Hindalco's volumes to jump in FY15 A critical factor will be the ability to get captive coal supplies to support the rise in output, else profits could get affected
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S&P 500 Analyst Moves: DLPH

Forbes - 3 Jun 2014 17:50
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Delphi Automotive (DLPH) is now the #129 analyst pick, moving up by 4 spots.         This ...
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Secondary Sales Squeeze Investors

Wall Street Journal - 3 Jun 2014 17:49
The recent collapse of highflying technology and health-care stocks has stung buyers who paid steep prices for shares sold by the companies earlier this year in a surge of follow-on offerings.
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