Market News
MCX-SX rights issue raised one-tenth of what it claimed
livemint.com - 8 Oct 2014 20:12
The exchange collected a net of less than `7 crore from the sale of stock to existing shareholders
Symantec Corporation (SYMC) Shares Jump On Possible Breakup Of Security And Storage Businesses
IBTimes - 8 Oct 2014 17:31
Following reports that Symantec Corporation is exploring a possible breakup, with an announcement just a few weeks away, the security software maker's shares jumped over 3 percent in premarket trading on Wednesday. The M...
Shadow Banks Could Compromise Global Financial Stability, IMF Says
IBTimes - 8 Oct 2014 17:31
Many banks in the world's most developed economies aren't healthy enough to carry the global economic recovery, challenging global financial stability, according to a report by the International Monetary Fund released We...
Asian shares buckle beneath global growth woes
livemint.com - 8 Oct 2014 04:52
Asian equities follow falls on Wall Street, Europe; oil hits new lows, investors wager on slowing world inflation
Chinese Home Buyers Can Borrow Down Payments
Wall Street Journal - 8 Oct 2014 04:33
Ping An Insurance, one of China's biggest financial firms, is offering to lend money to home buyers for down payments, part of a trend that could help the housing market but has prompted worry about risks to the financia...
FX Rate 'Rigging' Scandal Boiling Up After UBS Revelation
Forbes - 8 Oct 2014 23:17
Rate rigging, fixing and manipulation in the US$5.3 trillion-a-day foreign exchange (FX) market - or in the equity and derivatives markets come to that - might well be regarded by most ordinary folk as something akin to ...
Gap Stock Sinks After CEO Announces Departure
Forbes - 8 Oct 2014 22:50
Glenn Murphy, who has led the company for the last seven years, will retire in February 2015.
Stocks Recoup Losses As Fed Minutes Show Dovish Slant
Forbes - 8 Oct 2014 22:43
By the closing bell Wednesday all three major indices had recouped sharp losses the day prior.
Earnings Season - and the Dollar
Forbes - 8 Oct 2014 22:18
Investors have been spooked lately by the lack of growth in Europe, slowing growth in China and the grab-bag of various other socio/political dislocations found around the world. But, the U.S. stock market, until late,...
AIG Bailout Trial: Timothy Geithner Returns To Court, Blames AIG Management for Company Failures
IBTimes - 8 Oct 2014 21:31
Timothy Geithner blamed American International Group Inc.'s management for the company's financial losses in 2008 as he returned to court Wednesday for the second day of testimony about the federal government's bailout o...
Timothy Geithner Says AIG, Citigroup, Morgan Stanley Faced 'Proportionate' Losses For Mistakes Amid Financial Collapse
IBTimes - 8 Oct 2014 21:31
Timothy Geithner said the U.S. government forced similar "proportionate" losses on shareholders for American International Group and banks Citigroup Inc. and Morgan Stanley based on the firm's mistakes that allegedly con...
Intel Popular Amongst Latest 13F Filers
Forbes - 8 Oct 2014 20:41
At Holdings Channel, we have reviewed the latest batch of the 22 most recent 13F filings for the 09/30/2014 reporting period, and noticed that Intel Corp (NASD: INTC) was held by 16 of these funds. When hedge fund manage...
More Big Venture-Backed Firms Shun IPOs
Wall Street Journal - 8 Oct 2014 20:39
The number of U.S. venture-capital-backed companies with a valuation of $1 billion or more has hit 49, the highest number on record, as many find private funding readily available and see no rush to go public.
Wednesday Sector Leaders: Utilities, Healthcare
Forbes - 8 Oct 2014 20:34
In afternoon trading on Wednesday, Utilities stocks are the best performing sector, up 1.6%. Within that group, FirstEnergy (NYSE: FE) and Pinnacle West Capital (NYSE: PNW) are two large stocks leading the way, showing a...
Fed Wary on Weak Global Growth, Strong Dollar
Wall Street Journal - 8 Oct 2014 20:26
Federal Reserve officials have become more concerned about weak growth overseas and the impact of a strengthening U.S. dollar on the domestic economy, according to minutes of the Fed's September policy meeting.
Mutual funds' net inflows in equities highest since early 2000
livemint.com - 8 Oct 2014 20:08
Fund managers say BSE Mid-cap favoured most by investors due to high returns in 2014, inflows to stay strong
Wednesday 10/8 Insider Buying Report: CPRX
Forbes - 8 Oct 2014 19:55
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...
Philip Morris Braces For Ireland's Tobacco Plain Packaging Legislation
Forbes - 8 Oct 2014 19:48
Experts have suggested that the Irish legislation can influence other countries in Europe to follow suit. We have written earlier on Philip Morris' lobbying efforts to thwart the passing of a similar regulation by the Eu...
Private-Equity Consultants Face SEC Scrutiny
Wall Street Journal - 8 Oct 2014 19:46
Regulators are concerned that buyout firms aren't giving investors in private-equity funds enough information about exactly how consultants, often known as operating partners, are paid.
Johnson Controls: Global Workplace Solutions Divestiture Will Reduce Revenues But Improve Margins
Forbes - 8 Oct 2014 19:45
One of the reasons cited by Johnson Controls behind looking to let go of its Global Workplace Solutions unit is so that it can position itself solely as a manufacturer, rather than a service provider. Global Workplace So...
Cash Dividend On The Way From Kayne Anderson MLP Investment Company's Series E Mandatory Redeemable Preferred Shares
Forbes - 8 Oct 2014 19:43
On 10/10/14, Kayne Anderson MLP Investment Company's 4.25% Series E Mandatory Redeemable Preferred Shares (NYSE: KYN.PRE) will trade ex-dividend, for its monthly dividend of $0.0885, payable on 11/1/14. As a percentage o...
Alcoa Maintains Aerospace Push With Opening Of New Aluminum-Lithium Alloy Manufacturing Facility
Forbes - 8 Oct 2014 19:42
With the opening of the $90 million manufacturing facility, Alcoa hopes to capitalize upon increasing aerospace demand for aluminum-lithium alloys. These alloys are less expensive than titanium and composites and their a...