Market News
Chinese Yuan Logs Biggest Gain In 2 1/2 Years Against Dollar
IBTimes - 16 Jun 2014 07:31
The Chinese yuan last week scored its biggest weekly jump since December 2011, finishing at 6.2107 to the dollar, a gain of 0.6 percent. The jump may indicate an end to the People's Bank of China's three-month weakening ...
There And Back Again: 10 Stocks That Returned To The Market After Bankruptcy
Forbes - 16 Jun 2014 18:16
Kodak was delisted from the New York Stock Exchange when it filed for bankruptcy. On November 1, 2013, it came back. Here are 10 other companies who also pulled off market revivals.
Monday Sector Leaders: Computers, Information Technology Services
Forbes - 16 Jun 2014 18:30
In trading on Monday, computers shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Fusion-io (FIO), up about 22.7% and shares of Super Micro Computer (SMCI) up about 8.2% on the...
Options Expiration Week Hardly An Automatic Downer For Stocks
Forbes - 16 Jun 2014 22:12
If the VIX expires during the traditional expiration week, then the S&P 500 averages a loss of 0.32% in the latter part of the week. Otherwise, when VIX expiration does NOT coincide with equity expiration, then the index...
Monday Sector Laggards: Financial, Materials
Forbes - 16 Jun 2014 21:04
Looking at the sectors faring worst as of midday Monday, shares of Financial companies are underperforming other sectors, showing a 0.3% loss. Within the sector, KeyCorp (NYSE: KEY) and Zions Bancorporation (NASD: ZION) ...
Monday Sector Leaders: Utilities, Energy
Forbes - 16 Jun 2014 21:02
Looking at the sectors faring best as of midday Monday, shares of Utilities companies are outperforming other sectors, up 1.1%. Within the sector, CenterPoint Energy (NYSE: CNP) and Edison International (NYSE: EIX) are t...
China "Energy Revolution" Needed To Meet Soaring Energy Demand And Cut Pollution Problems, President Xi Says
IBTimes - 16 Jun 2014 20:31
China's top leader is calling for a "revolution in energy" as rising demand for electricity and fuel threatens to exacerbate supply constraints and worsen the country's already crippling pollution problems. President Xi ...
KitKat Candy Can Be Used As Train Tickets In Japan, Part Of New Tourism Promotion
IBTimes - 16 Jun 2014 20:31
KitKat candy bars are well-known in Japan and come in flavors such as edamame soybean, purple sweet potato and even pizza. Now, Japanese customers have a new way to enjoy KitKat candy bars.
Week Ahead Market Report: June 16, 2014
Forbes - 16 Jun 2014 20:20
The US markets are slightly higher this afternoon, with the Dow up 0.01%, the S&P up 0.06% and the Nasdaq higher by 0.10% so far today. Some of the most actively traded stocks include Covidien (COV) higher by 20.75%, Med...
Monday 6/16 Insider Buying Report: SCM, VSI
Forbes - 16 Jun 2014 20:09
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.
US stocks fluctuate as tension in Iraq offsets deals, data
livemint.com - 16 Jun 2014 20:02
S&P 500 little changed, Dow Jones loses 0.1%
FOMC Unlikely To 'Upset The Apple Cart;' Traders May Focus On Fed Forecasts
Forbes - 16 Jun 2014 19:54
(Kitco News) - With the U.S. Federal Open Market Committee likely to maintain the status quo by continuing to pare back its program of quantitative easing, market participants may be left scrutinizing updated Fed forecas...
Daily Dividend Report: MDT, CPG, SIG, KRG, VET, ARE
Forbes - 16 Jun 2014 19:52
Medtronic (MDT) approved a 9 percent increase in its cash dividend, raising the quarterly amount to $0.305 per share of the company's common stock, which would result in an annual amount of $1.22 per share. This dividend...
Toyota's Securitization of Car Loans Will Free Up Cash For More Loans In China
Forbes - 16 Jun 2014 19:45
Growth in auto financing in China is expected to exceed the growth rate in the passenger-vehicle market. Roland Berger Strategy Consultants projected the number of car loans to increase by 25% between 2013 and 2017, and ...
How Much Is OpenTable Really Worth To Priceline?
Forbes - 16 Jun 2014 19:42
Priceline's operations are huge in scale compared to OpenTable's. To put things in perspective, Priceline reported a pre-tax income of $2.4 billion from total revenues of $6.8 billion in 2013 while OpenTable's figures fo...
What Tesla Stands To Gain From Sharing Its Patents
Forbes - 16 Jun 2014 19:39
While the wording of the statement is too ambiguous to be interpreted as a declaration that Tesla is going to make its patents available to anyone who wishes to see them for zero license fees, it does hint at the possibi...
Medtronic's $43 Billion Covidien Buyout Is More Than Just A Tax Saving Deal
Forbes - 16 Jun 2014 19:36
The buyout is expected to help Medtronic reduce its global tax burden, as it plans to relocate its headquarters from the U.S. to Ireland, where corporate tax rates are considerably lower. It would also give the company l...
12 Tips For IRA And 401(k) Heirs
Forbes - 16 Jun 2014 19:09
An inherited retirement account can provide decades of tax breaks. But only if you handle it carefully.
A Three-Step Plan for Retirement Withdrawals
Forbes - 16 Jun 2014 19:09
When it comes to pulling money out of your retirement plans, you have to consider more than just the amount of the withdrawal. You have to consider how much you'll owe Uncle Sam when you do it.
Williams Companies Shares Surge On $6 Billion Offer For Access Midstream
Forbes - 16 Jun 2014 19:06
Investors are bullish on Williams Companies, which announced its hopes to to build an industry-spanning master limited partnership with Access Midstream Partners.
Monday's ETF with Unusual Volume: IDU
Forbes - 16 Jun 2014 18:34
The iShares U.S. Utilities ETF (IDU) is seeing unusually high volume in afternoon trading Monday, with over 1.5 million shares traded versus three month average volume of about 78,000. Shares of IDU were up about 1.3% ...
Monday's ETF Movers: IHI, FM
Forbes - 16 Jun 2014 18:33
In trading on Monday, the iShares U.S. Medical Devices ETF (IHI) is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Covidien (COV), up about 19.3...