Market News
U.S. Companies Step Up Business Conducted in Yuan
Wall Street Journal - 10 Jul 2014 04:42
American companies are conducting a record amount of business in Chinese yuan, looking to benefit from cost advantages over dollar transactions.
Tech firm with no assets or revenues valued at $4.7bn
Telegraph - 10 Jul 2014 23:47
Analysts baffled by surge in shares of social network Cynk Technology, whose phone number is out of service
Western Digital Now #200 Largest Company, Surpassing Marathon Petroleum
Forbes - 10 Jul 2014 22:43
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Western Digital Corp. (NASD: WDC) has taken over the #200 spot from Marathon Petroleum Corp. (NYSE: MPC), according...
Only A New Gold Standard Will Save The U.S. Dollar - Steve Forbes
Forbes - 10 Jul 2014 21:58
(Kitco News) - A weak U.S. dollar is a threat to the global economy and the only way to stop the greenback’s decline is to reintroduce a gold standard, said media tycoon, Steve Forbes.
Government policy outside the budget is also important: Abhishek Dangra
livemint.com - 10 Jul 2014 21:44
Govt must roll out supportive policies crucial to improving the corporate sector's health, reviving economic growth and attracting FDI, the director of corporate ratings at S&P's said
Gold Pops To 4-Month High On Safe-Haven And Technical Buying
Forbes - 10 Jul 2014 21:32
(Kitco News) - Gold prices ended the U.S. day session with moderate gains Wednesday and showed a muted reaction to the afternoon release of the latest minutes of the FOMC meeting of the Federal Reserve. Chart-based buyi...
Thursday Sector Leaders: Utilities, Healthcare
Forbes - 10 Jul 2014 21:26
The best performing sector as of midday Thursday is the Utilities sector, up 0.5%. Within that group, NiSource (NYSE: NI) and AGL Resources (NYSE: GAS) are two large stocks leading the way, showing a gain of 1.2% and 1.2...
Thursday Sector Laggards: Services, Energy
Forbes - 10 Jul 2014 21:25
Looking at the sectors faring worst as of midday Thursday, shares of Services companies are underperforming other sectors, showing a 0.8% loss. Within that group, Tractor Supply (NASD: TSCO) and CBS Corp (NYSE: CBS) are ...
Lexmark International Dividend Yield Pushes Above 3%
Forbes - 10 Jul 2014 21:09
Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Lexmark International, Inc. (NYSE: LXK) were yielding above the 3% mark based on its quarterly dividend (annualized to $1....
Not Surprisingly, Investor Pessimism Jumps To Two-Month High
Forbes - 10 Jul 2014 20:46
A gloomy outlook about the short-term direction of stock prices is at its highest level in two months, according to the latest AAII Sentiment Survey.
Markets slide on Portugal bank fears: as it happened
Telegraph - 10 Jul 2014 20:34
Wall Street follows FTSE 100 and European bourses lower amid worries about the health of the Portuguese financial system and other peripheral eurozone nations
Daily Dividend Report: CVS, F, COP, PAYX, SIAL, TEX, CBT
Forbes - 10 Jul 2014 20:08
CVS Caremark (CVS) has approved a quarterly dividend of $0.275 (27.5 cents) per share on the corporation's common stock. The dividend is payable on August 1, 2014, to holders of record on July 21, 2014.
Market report: Turmoil spurs demand for precious metals
Telegraph - 10 Jul 2014 20:05
Shares in precious metals miners rose, while the wider market was sold off
The Current Status of Freeport's Indonesian Stand-off
Forbes - 10 Jul 2014 19:48
Freeport McMoran Copper & Gold Inc. has been involved in a stand-off with the Indonesian government over a tax on mineral exports for a while now. The Indonesian government had earlier banned unprocessed mineral exports ...
State Street Settles Three Lawsuits For $70 Million
Forbes - 10 Jul 2014 19:45
Earlier this week, State Street settled three lawsuits ? one by investors and two others by the custody bank?s employees ? seeking damages for the huge losses shareholders incurred when the bank?s share price tanked duri...
Riding On China Growth, Jaguar Land Rover Could Reach One Million Annual Sales By 2020
Forbes - 10 Jul 2014 19:42
While China constituted only 8% of Jaguar Land Rover?s net volumes in fiscal year 2010 ended March, the country is now the single largest market for the luxury vehicle brand, forming 24% of the net unit sales last fiscal...
New Extended Version Of Creative Cloud To Bolster Adobe's CC Subscriber base
Forbes - 10 Jul 2014 19:39
Adobe has recently discontinued the sale of Creative Suite 6, and now is solely focusing on licensing Creative Cloud. While CS was Adobe?s flagship product for over a decade, and offered to a user as packaged software wi...
Though Profitability Concerns Remain, China Mobile Likely To Increase 4G Handset Subsidies
Forbes - 10 Jul 2014 19:36
China Mobile is likely to increase subsidies on its 4G mobile handsets later this year by gradually reducing its 3G handset subsidies, according to a recent Chinese media report. The report also stated that the carrier i...
Time to Buy the Year's Worst?
Forbes - 10 Jul 2014 19:11
Stocks managed a nice recovery on Wednesday and the FOMC minutes helped stocks close on a firm note. The small-cap indices, like the Russell 2000 had the smallest gains, up just 0.14%. A better performance by these more ...
SSP float worth £15m to Kate Swann
Telegraph - 10 Jul 2014 18:29
Former WH Smith boss awarded £1.3m additional bonus for taking the catering company public in £977m float
Budget 2014: Reasons to smile for the taxpayer
livemint.com - 10 Jul 2014 18:27
PPF investment has been increased from `1 lakh to `1.5 lakh. The deduction on home loan interest for self-occupied house has gone up to `1.5 lakh
Thursday's ETF with Unusual Volume: EWK
Forbes - 10 Jul 2014 18:27
The iShares MSCI Belgium Capped ETF (EWK) is seeing unusually high volume in afternoon trading Thursday, with over 1.3 million shares traded versus three month average volume of about 64,000. Shares of EWK were down ab...