Market News
Lavasa looks to raise around Rs800 crore via IPO
livemint.com - 27 Jun 2014 12:13
The draft red herring prospectus will be filed to the regulator in the next two-three weeks
Oil Prices Cast a Shadow Over Emerging Markets
Wall Street Journal - 27 Jun 2014 05:12
The recent run-up in global oil prices has reawakened worries about emerging economies already struggling with a slowdown in growth.
Second Bulgarian Bank Hit by Run on Deposits
Wall Street Journal - 27 Jun 2014 23:33
Bulgaria's central bank said the local banking system is being attacked through "rumors and malicious public statements" in an attempt to destabilize the country, as the second lender in a week suffered a bank run.
Iraq: US Armed Drones Flying Defensive Missions To Protect US Security Advisers: Report
IBTimes - 27 Jun 2014 22:31
The U.S. is flying armed drones over Baghdad to protect military advisers who arrived in Iraq earlier this week, according to NBC News.
David Johnsen, Exec Who Runs Barclays' LX Dark Pool, Was Once Fired By Goldman Sachs
IBTimes - 27 Jun 2014 22:31
The dark pool run by Barclays, the venerable British bank sued by the New York attorney general on Wednesday for fraudulent activities related to high-frequency trading, is supervised by an executive who was fired by Gol...
Weekly Market Wrap: June 27, 2014
Forbes - 27 Jun 2014 21:28
The twenty sixth trading week of 2014 comes to a close with US markets mixed in late Friday afternoon trading.
A 2nd Quarter GDP Bounce-Back May Not Be Bullish
Forbes - 27 Jun 2014 20:54
Investors seem to believe if GDP bounces back from first quarter decline all will be well with the bull market. Here's why it will not.
Friday Sector Leaders: Utilities, Consumer Products
Forbes - 27 Jun 2014 20:41
The best performing sector as of midday Friday is the Utilities sector, higher by 0.5%. Within that group, PPL (NYSE: PPL) and Integrys Energy Group (NYSE: TEG) are two large stocks leading the way, showing a gain of 1.1...
Friday Sector Laggards: Materials, Healthcare
Forbes - 27 Jun 2014 20:40
The worst performing sector as of midday Friday is the Materials sector, showing a 0.4% loss. Within that group, DuPont (NYSE: DD) and Dow Chemical (NYSE: DOW) are two large stocks that are lagging, showing a loss of 4.7...
Hedge Funds Added Transocean Stock
Forbes - 27 Jun 2014 20:26
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...
Mt. Gox Head Believes No More Bitcoins Will Be Found
Wall Street Journal - 27 Jun 2014 19:57
Scared, frustrated and angry--that's how Mark Karpelès, head of defunct bitcoin exchange Mt. Gox, says he felt when he realized in February that the exchange had lost nearly half a billion dollars' worth of the internet...
Trina Solar Revised To $14 On Cost and Market Related Concerns
Forbes - 27 Jun 2014 19:48
Despite the better performance, we believe that the company faces some risks in driving its earnings growth, including escalating costs, sluggish improvements to manufacturing technology, and demand-related uncertainty i...
Aerospace Takes Center Stage For Alcoa With Firth Rixson Acquisition
Forbes - 27 Jun 2014 19:45
The acquisition is the latest in Alcoa's strategic shift towards value-added products, with an emphasis on the aerospace segment. The company is shifting towards value-added products to reduce its dependence on aluminum,...
Tesla Will Have To Fulfill Backlog Of Orders From U.K. And China To Meet Q2 Deliveries Target
Forbes - 27 Jun 2014 19:39
Only when the production at Tesla?s assembly plant improves, which was 500 per week at the beginning of the year before the company set a target of 1,000 per week, the company will be able to bring down the lag time betw...
Friday 6/27 Insider Buying Report: PML, TLYS
Forbes - 27 Jun 2014 19:39
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.
Initiating Coverage Of Petrobras: $17 Trefis Price Estimate
Forbes - 27 Jun 2014 19:36
The Brazilian multinational energy giant is one of the largest companies in Latin America by annual sales revenue. Its operations account for a large majority of the total oil and gas production in Brazil. Last year, Pet...
Daily Dividend Report: T, CHS, PMT, SJR, QRE, ZEP
Forbes - 27 Jun 2014 19:30
The board of directors of AT&T declared a quarterly dividend of $0.46 a share on the company's common shares. The dividend is payable on August 1, 2014, to stockholders of record at the close of business on July 10, 2014...
'Boutiques' Thrive in M&A Advice
Wall Street Journal - 27 Jun 2014 19:06
A group of small M&A advisory shops, known as boutiques, have muscled in on the signature Wall Street offering and routinely take lucrative deal assignments from the big banks that have for years dominated the business.
Bitcoin Auction: Bidders Line Up As Mt.Gox Head Regrets
IBTimes - 27 Jun 2014 18:31
Despite the wild price shifts and shady dealings associated with bitcoin, bidders are lining up to participate in a government auction Friday to get a piece of the possibly shrinking global supply of it. In a first for U...
Friday's ETF with Unusual Volume: MTUM
Forbes - 27 Jun 2014 17:53
The iShares MSCI USA Momentum Factor ETF (MTUM) is seeing unusually high volume in afternoon trading Friday, with over 77,000 shares traded versus three month average volume of about 28,000. Shares of MTUM were trading...
Friday's ETF Movers: FNX, XBI
Forbes - 27 Jun 2014 17:52
In trading on Friday, the First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) is outperforming other ETFs, up about 0.6% on the day. Components of that ETF showing particular strength include shares of Health Net (HNT), u...
Friday Sector Laggards: Rental, Leasing, & Royalty, Cigarettes & Tobacco Stocks
Forbes - 27 Jun 2014 17:50
In trading on Friday, rental, leasing, & royalty shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of Hugoton Royalty Trust (HGT), down about 2.6% and shares of BP Pr...