Market News
Argentina Launches Investigation Into Holdouts' Investments
IBTimes - 5 Aug 2014 08:31
(Reuters) - Argentina's markets watchdog on Monday launched an investigation into what it believes may have been unlawful speculation by holdout creditors whose litigation against the country for repayment of their defau...
Chinese Investigators Raid Mercedes Benz Office in Shanghai
IBTimes - 5 Aug 2014 05:31
The South China Morning Post has reported that Chinese investigators raided Mercedes-Benz' Shanghai office on Monday morning as part of a broader anti-monopoly campaign in the country. According to reports, the investiga...
Major Indices Fall Sharply In Afternoon Trading But Investors See No Need For Worry
Forbes - 5 Aug 2014 23:55
Around 1:30 p.m. all three indices dropped precipitously. While some losses were recouped before the close the market did not come close to a full recovery.
F1 chief walks free after $100M settlement
CNN - 5 Aug 2014 22:49
The head of Formula One Bernie Ecclestone has avoided possible conviction on bribery charges after agreeing to pay $100 million.
Don't Blame Geopolitical Events For The Widely-Anticipated Market Correction
Forbes - 5 Aug 2014 22:39
Equity markets took a bit of a breather last week with the S&P 500 giving back 2.66% of its market value. It wasn't such a big drop as far as weekly drops are concerned but many felt spooked because it mostly came on T...
India Lures Real-Estate Investors Again
Wall Street Journal - 5 Aug 2014 22:25
Encouraged by India's strengthening economy and the pro-business agenda of Prime Minister Narendra Modi, foreign investors have begun to return to the India real-estate market after fleeing the country in the wake of the...
How Tax Inversions Became the Hottest Trend in M&A
Wall Street Journal - 5 Aug 2014 22:18
With deal making in the doldrums, a group of lawyers took a bike ride, setting the wheels in motion on a major driver of cross-border deals, but not as they expected.
Mint conclave: Industry will only grow with more investors
livemint.com - 5 Aug 2014 21:29
CEOs of asset management companies discuss what the industry needs to do and how it needs to change to achieve its growth objectives
Shell IPO Will Be Game Changer For MLPs
Forbes - 5 Aug 2014 21:27
By Mark Druskoff
Tuesday Sector Leaders: Consumer Products, Services
Forbes - 5 Aug 2014 20:45
In afternoon trading on Tuesday, Consumer Products stocks are the best performing sector, losing just 0.5%. Within that group, Coach (NYSE: COH) and Archer Daniels Midland (NYSE: ADM) are two of the day's stand-outs, sho...
Tuesday Sector Laggards: Energy, Utilities
Forbes - 5 Aug 2014 20:44
The worst performing sector as of midday Tuesday is the Energy sector, showing a 2.4% loss. Within that group, Pioneer Natural Resources (NYSE: PXD) and Halliburton (NYSE: HAL) are two large stocks that are lagging, show...
Compat upholds CCI order against NSE on currency derivatives
livemint.com - 5 Aug 2014 20:20
Compat dismisses NSE's appeal against the CCI ruling terming the conduct of the exchange as 'exclusionary'
Transocean Q2 Preview: Dayrates In Focus, Revenue Efficiency and Costs Could Improve
Forbes - 5 Aug 2014 19:48
We expect the company's earnings to rise year-over-year, driven by higher revenue efficiency and lower operation and maintenance (O&M) costs, although rig utilization rates could continue to remain under pressure due to ...
Keurig Green Mountain's Earnings Preview: Recent Distribution Deals To Boost Brewer and Portion Pack Sales
Forbes - 5 Aug 2014 19:42
The Vermont-based coffee company expects non-GAAP earnings per diluted share for the third quarter to be in the range of $0.83 to $0.88. The company delivered impressive results in its second quarter, driven by a combina...
Better Ratings At Nickelodeon Likely Drove Viacom's Q3 Fiscal 2014 Earnings
Forbes - 5 Aug 2014 19:39
We expect to learn that the company saw continued gains in its media networks business driven by higher ratings, especially at the Nickelodeon network. Higher ratings likely boosted the advertising revenues for Viacom.
Expedia Posts Solid Volume Growth Helped By Travelocity Partnership As Revenues And Profitability Climb
Forbes - 5 Aug 2014 19:36
The growth was broad-based across all the divisions and brands with the exception of Hotwire, which faced pressure due to lower demand for opaque bookings and competition from Priceline's Express Deals product.
NorthStar Realty Finance Series B Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
Forbes - 5 Aug 2014 19:33
On 8/7/14, NorthStar Realty Finance Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE: NRF.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 8/15/14. As a percentage of NRF.PR...
Tuesday 8/5 Insider Buying Report: ALB
Forbes - 5 Aug 2014 19:32
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 one noteworthy recent insider buy.
Chicago Mayor Rahm Emanuel Cuts Schools, Pensions While Preserving Fund for Corporate Subsidies
IBTimes - 5 Aug 2014 19:31
Months after Chicago Mayor Rahm Emanuel said that budget constraints forced him to push for pension cuts and mass school closures, an analysis of government documents has revealed that the city has $1.71 billion in speci...
Daily Dividend Report: IFF, LEG, TKR, AIG, APC, EMR, ADP, WDC, COH, ARG, PCL, PL
Forbes - 5 Aug 2014 19:27
International Flavors & Fragrances (IFF) authorized a 21% increase in the quarterly dividend to $0.47 per share of the Company's common stock, up from the current $0.39 per share. The quarterly dividend is payable on Oct...
Tuesday's ETF with Unusual Volume: VCR
Forbes - 5 Aug 2014 18:58
The Vanguard Consumer Discretionary ETF (VCR) is seeing unusually high volume in afternoon trading Tuesday, with over 855,000 shares traded versus three month average volume of about 74,000. Shares of VCR were down abo...
Portfolio Recommendations Based On Earnings And Growth
Forbes - 5 Aug 2014 18:13
Bob Stovall: Following an abrupt stumble in late July we expect the market to move somewhat higher during the rest of 2014. The market has had a remarkable ascent that began 64 months ago -- the fourth largest run since ...