Market News
The NYSE's Biggest Shorts
Forbes - 30 Jun 2014 17:04
Stocks are a bit lower in early Monday trading yet the global markets seem set on recording their fourth consecutive positive quarter. The MSCI World Index is up over 4% in the second quarter as it tracks stocks in 45 di...
Global Bank Profits Hit $920B As Chinese Lenders Boom
IBTimes - 30 Jun 2014 06:31
(Reuters) - China's top banks accounted for almost one-third of a record $920 billion of profits made by the world's top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed on Mo...
BNP Paribas Hit With Nearly $9B Fine, Pleads Guilty To Skirting U.S. Sanctions
Forbes - 30 Jun 2014 23:55
Paris-based BNP Paribas hit with big fine, criminal charges and suspension from U.S. dollar clearing for violating sanctions with help for Sudanese, Iranian, Cuban entities.
California Legalizes Bitcoin, But Critics Fear Security Issues For Silicon Valley
IBTimes - 30 Jun 2014 23:31
California lawmakers repealed a state a law last Monday that may have made bitcoin transactions illegal in the state, and the bill was signed into law on Saturday by Governor Jerry Brown, a Democrat. But while advocates ...
BNP Agrees to Pay Over $8.8 Billion to Settle Probe
Wall Street Journal - 30 Jun 2014 22:54
BNP Paribas pleaded guilty to two felony counts as part of a record $8.8 billion deal to settle a probe into alleged violations of U.S. sanctions against Sudan and other countries.
Six Reasons Analysts Are Too Optimistic About iWatch
Forbes - 30 Jun 2014 22:46
There are six reasons why trajectory of iWatch may be different from iPhone and iPad. Analyst models for iWatch are likely wrong.
With Debt Yields Low, Firms Dash for Cash
Wall Street Journal - 30 Jun 2014 22:13
Corporate-bond markets performed well in 2014's first half alongside an unexpected rally in U.S. Treasury debt. Now, many bond-fund managers worry their early gains are too good to last.
Stocks Bounce Back From Losses
Wall Street Journal - 30 Jun 2014 21:25
U.S. stocks bounced back from an early loss after a better-than-expected report on the U.S. housing market.
General Motors Recalls Another 7 Million Vehicles, Some Dating Back To 1997
Forbes - 30 Jun 2014 21:12
Beleaguered automaker General Motors announced Monday afternoon that its string of recalls is not over yet: the company is recalling another 7 million vehicles, some of which date all the way back to 1997.
Monday Sector Leaders: Utilities, Technology & Communications
Forbes - 30 Jun 2014 20:49
The best performing sector as of midday Monday is the Utilities sector, up 0.7%. Within the sector, Pinnacle West Capital (NYSE: PNW) and FirstEnergy (NYSE: FE) are two of the day's stand-outs, showing a gain of 2.0% and...
Trian Takes Stake in BNY Mellon
Wall Street Journal - 30 Jun 2014 20:48
Trian Fund Management, led by Nelson Peltz, has built a stake in Bank of New York Mellon valued at about $1.05 billion.
Find Out Who Besides Cohen and Singer Hold Hess Stock
Forbes - 30 Jun 2014 20:47
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 Hess (NYSE: HES) was held ...
Hedge Funds Added To Citrix Systems Positions
Forbes - 30 Jun 2014 20:43
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...
Daily Dividend Report: AYI, ARP, FCH, NYRT, LOAN
Forbes - 30 Jun 2014 20:25
Acuity Brands (AYI) declared a quarterly dividend of 13 cents per share. The dividend is payable on August 1, 2014 to shareholders of record on July 18, 2014.
M&A Puzzle: Market Turns Healthy
Wall Street Journal - 30 Jun 2014 20:23
After years of false starts, the mergers-and-acquisitions market finally returned to its pre-financial-crisis health in the second quarter. What isn't entirely clear is why.
Good Time To Buy Nasdaq
Forbes - 30 Jun 2014 20:18
Why is the price for Nasdaq so cheap? Whatever the reason, I'm buying.
Monday 6/30 Insider Buying Report: PDI, HRTX
Forbes - 30 Jun 2014 20:14
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
Is the rise in vegetable prices a seasonal effect?
livemint.com - 30 Jun 2014 20:04
Despite the current brouhaha over rising onion and potato prices, there could be a ray of hope on the horizon
Automotive Applications New Revenue Potential For Corning's Gorilla Glass
Forbes - 30 Jun 2014 19:48
To truly realize any significant revenue from the use of Gorilla Glass in automobiles, Corning believes that it might take another three to four years.
China Telecom Enters 4G Smartphone Market With ZTE's Qing Yang 2
Forbes - 30 Jun 2014 19:45
Powered by the energy-efficient Qualcomm Snapdragon MSM8926 1.2GHz processor, the new Qing Yang 2 will support both the FDD-LTE and TD-LTE 4G network standards with capabilities to deliver data transmission rates of up t...
Sebi settles case against Merrill Lynch for Rs40.34 lakh
livemint.com - 30 Jun 2014 19:43
A probe by Sebi had found that Merrill Lynch had violated its takeover norms while dealing in FCCBs issued by Gemini Communications
Can Amazon's Management Portal For vCenter Halt VMware's Growth?
Forbes - 30 Jun 2014 19:42
VMware could pay the price of using an open source platform if other players also look to develop similar tools or portals to circumvent VMware's offerings. On the other hand, VMware management believes that add-ons such...