Market News
US Steel Industry May Challenge Russian Trade Deal, Sources Say
IBTimes - 18 Jun 2014 05:31
(Reuters) - The U.S. steel industry is considering challenging a trade deal with Russia that governs imports of hot-rolled steel, potentially reviving a decades-old dispute amid mounting tensions over Russia's actions in...
Thai Junta Inherits Mountain of Rice---and Trouble
Wall Street Journal - 18 Jun 2014 23:03
Thailand's coup d'etat has left leaders with the problem of what to do with a botched attempt to steer world rice prices higher.
Stock Market's High P/E Suggests Lower Returns Ahead
Forbes - 18 Jun 2014 23:02
Valuation measures like P/E ratios may not be perfect timing tools, but they are great gauges of relative risk. Today, risk is high.
S&P 500 Closes at Record
Wall Street Journal - 18 Jun 2014 22:54
Stocks rose, with the S&P 500 closing at its 20th record this year, after Federal Reserve Chairwoman Janet Yellen offered an upbeat assessment of the U.S. economy.
BlackRock, Pimco Sue Banks Over Trustee Roles
Wall Street Journal - 18 Jun 2014 22:47
Investors led by BlackRock and Pimco sued units of Deutsche Bank and U.S. Bancorp for their roles as trustees overseeing residential mortgage-backed securities on behalf of investors who bought the bonds.
Prosecutors: Younger Rajaratnam Helped Brother Corrupt Insiders
Wall Street Journal - 18 Jun 2014 22:36
The Rajaratnam brothers worked hand-in-hand to corrupt insiders at public companies, prosecutors told jurors Wednesday during opening statements in the trial of the younger brother, Rengan.
IRS Issues New Rules for Offshore Accounts
Wall Street Journal - 18 Jun 2014 22:12
The Internal Revenue Service is making it easier for U.S. taxpayers who failed to comply with laws on reporting income or assets abroad to avoid penalties. But it is also raising the potential fines on tax cheats who don...
Insiders Seeing Green With Coca-Cola At New 52-Week High
Forbes - 18 Jun 2014 22:10
In trading on Wednesday, shares of Coca-Cola (NYSE: KO) touched a new 52-week high of $41.52/share. That's a 12.73% rise, or $4.69 per share from the 52-week low of $36.83 set back on 10/07/2013. That means at today's in...
Mystery of Qingdao's Missing Metal
Wall Street Journal - 18 Jun 2014 22:05
China's state-owned Citic Resources Holdings said about half of the alumina stockpiles it had stored at Qingdao port couldn't be located, heightening concerns over the use of commodities for financing in the country.
10 Fund Titans Hold Intel But One Exits
Forbes - 18 Jun 2014 21:32
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,692 13-F filings for the 03/31/2014 reporting period, and noticed that Intel (NASD: INTC) was hel...
Abnormal Volume Stocks To Watch On Wednesday
Forbes - 18 Jun 2014 21:03
Topping the list of stocks with abnormal volume in yesterday's trading is Micros Systems (NASD: MCRS), with 19.9x normal volume. In the prior session, MCRS traded 13.78 million shares, versus normal volume of about 691,6...
10 Gurus All Hold Valeant Pharmaceuticals
Forbes - 18 Jun 2014 21:01
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,692 13-F filings for the 03/31/2014 reporting period, and noticed that Valeant Pharmaceuticals In...
Walgreen Shares Pop As Analyst Signals Boosted Earnings And Shareholder Power
Forbes - 18 Jun 2014 20:56
Walgreen shares have continued to rise amid positive analyst forecasts and increasing influence from billionaire Stefano Passina.
Wednesday Sector Leaders: Utilities, Consumer Products
Forbes - 18 Jun 2014 20:52
The best performing sector as of midday Wednesday is the Utilities sector, higher by 1.7%. Within that group, AES (NYSE: AES) and Northeast Utilities (NYSE: NU) are two large stocks leading the way, showing a gain of 2.7...
Hedge Funds Added To Legg Mason Positions
Forbes - 18 Jun 2014 20:45
At Holdings Channel, we have reviewed 3,692 13-F filings for the 03/31/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13-F filers. For each compo...
Fed Cuts Monthly Asset Purchases To $35 Billion At June Meeting, Markets Waits For Yellen Talk
Forbes - 18 Jun 2014 20:39
The Federal Open Market Committee has cut another $10 billion from it quantitative easing program.
Emerging market equities a contrarian buy: global fund managers' survey
livemint.com - 18 Jun 2014 20:36
Fund managers are by far the most overweight on India among global emerging markets, the survey found
Tyre firms' valuations unlikely to improve further
livemint.com - 18 Jun 2014 20:30
In spite of strong demand recovery from fiscal 2016, a re-rating of tyre stocks is unlikely from the current levels
Daily Dividend Report: USB, FITB, BMY, O, AGNC, TWO, CNW, MTGE
Forbes - 18 Jun 2014 20:23
U.S. Bancorp (USB) has approved a 6.5 percent increase in the dividend rate on U.S. Bancorp common stock to $0.98 on an annualized basis, or $0.245 on a quarterly basis, payable July 15, 2014, to shareholders of record a...
SKS Microfinance: enough fuel for growth
livemint.com - 18 Jun 2014 20:21Oil's not well in Iraq
livemint.com - 18 Jun 2014 20:16International Markets Opportunity For American Eagle Outfitters' Business -- Part I
Forbes - 18 Jun 2014 19:48
The retailer is looking to accelerate its international expansion as it plans to open about 40 international stores this year. We believe that countries like China, Mexico, the Philippines and Thailand will play a pivota...