Market News
ECB Unexpectedly Cuts Rates, Euro Plummets To 14-month Low
IBTimes - 4 Sep 2014 18:31
The European Central Bank unexpectedly slashed its benchmark rates Thursday as the continent has been struggling to boost economic recovery and get out of deflationary pressures, pushing euro to a 14-month low against th...
MetLife Plans To Fight 'Systemically Important' Designation
Forbes - 4 Sep 2014 22:40
FSOC adds MetLife to non-bank SIFIs, alongside GE Capital and fellow insurers Prudential Financial and AIG.
Al-Shabab's Finances: The Militant Group Gets Funding From Local Businesses, Sources Abroad
IBTimes - 4 Sep 2014 22:31
A complex finance network that includes everything from fake charities to kidnapping has supported the East African militant group al-Shabab's activities over the past few years. It's difficult to know specifics because ...
Selling High On GoPro? Analyst Says Hold Out For New Cameras
Forbes - 4 Sep 2014 22:10
GoPro has been surfing at new highs in recent days. Is it time to get off the wave?
Hot Jobs Data Could Singe Stocks
Wall Street Journal - 4 Sep 2014 21:57
Ahead of the Tape: Bets that the Federal Reserve will raise interest rates more quickly might take the wind out of the stock market's sails.
Fund Manager Lambasts HFT in Closing Letter
Wall Street Journal - 4 Sep 2014 21:11
A hedge-fund manager is blaming an unusual culprit for his firm's demise: high-frequency traders. Rinehart Capital Partners, backed by hedge-fund veteran Lee Ainslie, is closing.
Thursday Sector Leaders: Services, Consumer Products
Forbes - 4 Sep 2014 20:52
In afternoon trading on Thursday, Services stocks are the best performing sector, up 0.8%. Within that group, Fastenal (NASD: FAST) and Best Buy (NYSE: BBY) are two large stocks leading the way, showing a gain of 4.2% an...
Thursday Sector Laggards: Energy, Healthcare
Forbes - 4 Sep 2014 20:51
Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 1.2% loss. Within the sector, FMC Technologies (NYSE: FTI) and Noble Corp (NYSE: NE) are ...
$190 Million Deal for Former Flophouse in Times Square
Wall Street Journal - 4 Sep 2014 20:50
New York real-estate investor Joseph Chetrit has agreed to pay more than $190 million to acquire the Hotel Carter, a 600-room former flophouse in Manhattan's Times Square, according to people familiar with the matter.
Funds Added To PetSmart Positions
Forbes - 4 Sep 2014 20:27
At Holdings Channel, we have reviewed 3,737 13F filings for the 06/30/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...
Watch These Lagging Sectors
Forbes - 4 Sep 2014 20:08
For the second day in a row, most of the major averages and the A/D ratios were slightly negative. Tuesday?s leaders, the Dow Transports and small-cap S&P 600 were both lower on the day with the Dow Utilities gaining 0.4...
PE exits through public markets rise
livemint.com - 4 Sep 2014 20:02
PE funds have sold $1.18 billion worth of investments via public market transactions between January and August
A Closer Look At Silver Wheaton's Streaming Agreement For The Rosemont Mine
Forbes - 4 Sep 2014 19:48
Silver Wheaton is a precious metals streaming company which signs long term purchase agreements with mining companies producing silver or gold as a by-product. It provides funds for capital expenditure upfront when a pro...
Mercedes-Benz Considering Manufacturing In Russia Amid Political Uncertainties
Forbes - 4 Sep 2014 19:42
In a bid to protect domestic vehicle and spare-parts manufacturers amid concerns over declining vehicles sales, and as a possible retaliation of the U.S. and European Union?s sanctions, Russia could ban import of cars in...
Why Samsung's Note 4 Is Unlikely To Turn Around Its Smartphone Troubles
Forbes - 4 Sep 2014 19:39
We believe that the device, although impressive, may not be enough to reverse Samsung?s falling market share, given that much of the growth in the phablet market could come from low-end devices, while Apple could potenti...
Intel & Opening Ceremony Introduce MICA -- A Fashionable Wearable Device
Forbes - 4 Sep 2014 19:36
With the launch of MICA, Intel is the latest company to focus on making health sensing wearable devices more fashionable. By making the wearable devices look more like a fashion accessory, Intel feels confident of expand...
Thursday 9/4 Insider Buying Report: NRIM
Forbes - 4 Sep 2014 19:34
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...
A Weak Coal Landscape Gives Joy Global A Joyless Outlook
Forbes - 4 Sep 2014 18:57
Joy Global, a company that manufactures and services mining equipment for coal mining, reported weaker-than-expected third quarter earnings results Thursday and blamed the top- and bottom-line misses on a struggling ther...
Daily Dividend Report: DOW, HES, MJN, HOG, FDO, SNV, TCO, INT
Forbes - 4 Sep 2014 18:11
The Dow Chemical Company (DOW) has declared a dividend of 37 cents per share, payable October 30, 2014, to shareholders of record on September 30, 2014.
Junk Bonds Deserve a Place in Portfolios
Wall Street Journal - 4 Sep 2014 18:01
The payoff is higher yields. But recent market gyrations are a reminder of the risks.
S&P 500 Analyst Moves: MET
Forbes - 4 Sep 2014 17:47
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, MetLife (MET) is now the #21 analyst pick, moving up by 1 spot. This rank is forme...
ECB Cuts Rates, Plans Stimulus
Wall Street Journal - 4 Sep 2014 17:46
The European Central Bank unexpectedly lowered all its interest rates and announced two new programs under which it will buy asset-backed securities and covered bonds issued by eurozone banks.