Market News
One More Thing: Carl Icahn Expects Apple To Crush The 4K TV Market
Forbes - 9 Oct 2014 17:26
Apple has always talked about its television "hobby." Carl Icahn expects much more.
China Economy Surpasses US In Purchasing Power, But Americans Don't Need To Worry
IBTimes - 9 Oct 2014 04:31
The International Monetary Fund announced Wednesday that China's economy, when measured by purchasing power parity (PPP), surpassed that of the United States to become the world's largest. It's a significant milestone in...
Bernanke Defends AIG Rescue
Wall Street Journal - 9 Oct 2014 22:58
Former Fed Chairman Bernanke took the stand to defend the government's 2008 rescue of American International Group.
A lot rests on Narendra Modi and what he can deliver: Shaily Mittal
livemint.com - 9 Oct 2014 20:03
The government needs a clear road map for tougher reforms to ensure increased confidence translates into investments, says the economist at MNI Indicators
Oil-Price Swoon Hits Energy Firms' Shares
Wall Street Journal - 9 Oct 2014 06:19
Companies that drill for oil and natural gas and provide services at the wells were among the most popular investor bets earlier this year. But crude prices since then have gone into free fall and shares of energy prices...
Asian shares rebound after Fed renews dovish credentials
livemint.com - 9 Oct 2014 05:24
Fed minutes shows concerns on global economy, strong dollar; US rate hike expectations scaled back
Alcoa Profit Triples On Higher Aluminum Prices And Demand
Forbes - 9 Oct 2014 00:05
Boosted by higher aluminum prices and strong aluminum demand, Alcoa released third quarter earnings results on Wednesday that easily beat Wall Street forecasts on both the top and bottom line.
Antivirus Maker Symantec Splitting Into Two Publicly-Traded Companies
Forbes - 9 Oct 2014 23:04
There must be something in the water out in Silicon Valley: first, eBay and PayPal announce that they are going separate ways. Less than a week later, computer and printing giant Hewlett-Packard announces that it is spli...
Ben Bernanke: 'AIG Bankruptcy Would Have Been Catastrophic,' Bailout Trial Testimony Continues In Washington
IBTimes - 9 Oct 2014 22:31
Former Federal Reserve Chairman Ben Bernanke said allowing American International Group Inc. to go into bankruptcy would have been catastrophic. Bernanke's comments came during testimony in Washington on Thursday amid a ...
Activist Investor Tastes Victory in Darden Fight
Wall Street Journal - 9 Oct 2014 22:21
Starboard Value is poised to unseat the entire board of Olive Garden parent Darden Restaurants, say people familiar with both sides of the vote.
Investors shun the world's richest mineral store
livemint.com - 9 Oct 2014 21:24
Extended labour strikes, ageing mines and regulatory uncertainty drag stock-market values of South African miners to four-year low compared with global peers
The Mori Foundation's 'Global Power City Index 2104' Ranks London #1, New York #2, Tokyo #4
Forbes - 9 Oct 2014 21:19
Which are the world's most competitive cities? The top 10 are: 1. London; 2. New York; 3. Paris; 4. Tokyo; 5. Singapore; 6. Seoul; 7. Amsterdam; 8. Berlin; 9. Hong Kong; 10. Vienna.
Thursday Sector Laggards: Energy, Materials
Forbes - 9 Oct 2014 20:36
Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 3.5% loss. Within that group, QEP Resources (NYSE: QEP) and Anadarko Petroleum (NYSE: APC...
This Brand-Name Tech Pioneer May Be Among Possible Breakup Candidates
Forbes - 9 Oct 2014 20:22
Given recent news about corporate separations, we think Xerox could be considered a candidate to split its Document Technology and Services units to unlock value.
Commodity free fall
livemint.com - 9 Oct 2014 20:15
IMF expects commodity prices to decline till 2019 across fuel, metal and agricultural products
Costco Beats Estimates On Strong Online & Membership Growth
Forbes - 9 Oct 2014 19:45
Apart from store expansion, the retailer's strong revenue growth can be attributed to a healthy rise in new membership signups. Given the strength of its business model, Costco has been able to attract new members, which...
BNY Mellon Strengthens Fixed Income Offerings With Cutwater Acquisition
Forbes - 9 Oct 2014 19:42
Cutwater has been able to grow its asset base to $23 billion over the years by offering a wide range of fixed income strategies such as core, long duration, high yield, loans and absolute return strategies. The acquisiti...
Halliburton Can Gain From Mature Field Contracts In Ecuador
Forbes - 9 Oct 2014 19:39
Ecuador’s state-run oil company, Petroamazonas, has signed contracts with several international oilfield services companies, including Halliburton and Schlumberger , to enhance production from country's mature oil fiel...
Higher Aluminum Prices And Value-added Businesses Boost Alcoa's Q3 Results
Forbes - 9 Oct 2014 19:36
The higher profit figures in Q3 as compared to the corresponding period a year ago are mainly due to productivity improvements and an increase in London Metal Exchange aluminum prices as compared to a year ago. The compa...
Thursday 10/9 Insider Buying Report: FCEL, VGR
Forbes - 9 Oct 2014 19:32
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...
Condo Prices And Apartment Rents Outpacing Single-Family Home Costs
Forbes - 9 Oct 2014 19:11
Asking prices rose 7.3% year-over-year for condos versus 6.0% for single-family homes. Condo prices are up more than 15% in Miami, Denver, and West Palm Beach.
Daily Dividend Report: PBA, POL, UTX, CAT, WAG, F, CSX, PNR
Forbes - 9 Oct 2014 19:10
Pembina Pipeline (PBA) declared a common share cash dividend for October 2014, of $0.145 per share to be paid, subject to applicable law, on November 14, 2014 to shareholders of record on October 25, 2014.