Market News
Pimco Slows Rush of Cash Out the Door
Wall Street Journal - 3 Dec 2014 05:24
Two months after Bill Gross quit Pacific Investment Management Co., the giant Pimco Total Return bond fund that he managed for 27 years is showing signs of stabilizing.
Jimmy Choo to enter FTSE 250
Telegraph - 3 Dec 2014 22:50
The luxury shoe maker is entering the second-tier index, along with baker Greggs and Game Digital
Just Eat hit by share sale
Telegraph - 3 Dec 2014 21:18
The takeway services group slumped after its three biggest shareholders sold shares
US dollar hits five-year highs, global stocks advance
livemint.com - 3 Dec 2014 21:54
Markets rise and dollar at its highest since 2009 as momentum grows for ECB to launch bond-buying program
Wednesday Sector Laggards: Utilities, Consumer Products
Forbes - 3 Dec 2014 21:50
In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 0.3% loss. Within that group, NRG Energy (NYSE: NRG) and Exelon (NYSE: EXC) are two large stocks that are lagging, showing a ...
Wednesday Sector Leaders: Energy, Materials
Forbes - 3 Dec 2014 21:49
Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, higher by 1.4%. Within that group, Cimarex Energy (NYSE: XEC) and Noble Energy (NYSE: NBL) are two la...
US Fed officials stress data over dates as rate rise case builds
livemint.com - 3 Dec 2014 21:47
The US Federal Open Market Committee is embarking on a critical phase in its 7-year battle with a financial crisis, a recession and a sub-par recovery
Shanghai gold exchange sees record volumes this year
livemint.com - 3 Dec 2014 21:23Singapore Exchange draws central bank fire after glitch
livemint.com - 3 Dec 2014 21:14
Bourse delayed trading on Wednesday over a software error in a system used by securities traders
Wednesday 12/3 Insider Buying Report: DXPE, MPC
Forbes - 3 Dec 2014 20:47
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 two noteworthy recent insider buys.
Q3 2014 U.S. Banking Roundup: Deposits
Forbes - 3 Dec 2014 20:45
While a steady growth in deposits is expected over time and is essential to ensure low-cost funds for the banks, this exceptionally high growth rate has actually been a problem for them. This is because banks have had to...
Why Schlumberger Is Reducing Its Seismic Survey Fleet
Forbes - 3 Dec 2014 20:42
The company expects to take an $800 million charge during Q4 related to the writedown in value of the fleet. Schlumberger also intends to modify some low-end vessels into source boats while also canceling most leases on ...
Bianchi 'did not slow sufficiently,' says FIA
CNN - 3 Dec 2014 20:40
Jules Bianchi "did not slow sufficiently to avoid losing control" during his crash at the Japanese Grand Prix, according to an FIA report published Wednesday.
Netflix Is Headed To 18 Million International Subscribers Yet International Profits Remain Nonexistent
Forbes - 3 Dec 2014 20:36
Despite the expected strong growth in the subscriber base, profit per subscriber will remain low due to significant content and marketing investments. The metric does not include allocated research & development expenses...
Housing In 2015: Consumers Upbeat, But Recovery Faces A Tricky Handoff
Forbes - 3 Dec 2014 20:36
Consumers think 2015 will be a better year than 2014, especially for selling a home. But the recovery will slow as the rebound effect fades before fundamentals become strong. Key markets to watch are in the Northeast, So...
S&P 500 Energy Sector Index Gains After US Crude Inventories Fall
IBTimes - 3 Dec 2014 20:31
U.S. stocks wavered on Wednesday but rebounded in early trading. One day after the Dow Jones Industrial Average hit intraday and closing record highs, investors are now weighing a series of mixed data on the health of th...
New York Regulator Poses Formidable Threat To Mortgage Servicers
Forbes - 3 Dec 2014 19:56
By John Wilen
Axis Bank raises Rs5,700 crore through infrastructure bonds
livemint.com - 3 Dec 2014 19:55
Money will be used to fund long-term infrastructure and housing projects
Daily Dividend Report: MA, AMT, HOG, SPLS, CST, AXP, DE, DVN
Forbes - 3 Dec 2014 19:53
MasterCard (MA) has increased the company's quarterly cash dividend to 16 cents per share, a 45 percent increase over the previous dividend level of 11 cents per share. The cash dividend will be paid on February 9, 2015 ...
Wednesday's ETF with Unusual Volume: SDY
Forbes - 3 Dec 2014 19:46
The SPDR S&P Dividend ETF (SDY) is seeing unusually high volume in afternoon trading Wednesday, with over 1.8 million shares traded versus three month average volume of about 631,000. Shares of SDY were up about 0.3% o...
Wednesday's ETF Movers: GDXJ, XLP
Forbes - 3 Dec 2014 19:45
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 4.5% on the day. Components of that ETF showing particular strength include shares of Sandstorm Gold (SAND), up about 10....
Wednesday Sector Laggards: Water Utilities, Beverages & Wineries
Forbes - 3 Dec 2014 19:44
In trading on Wednesday, water utilities shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of CADIZ (CDZI), off about 2.7% and shares of Consolidated Water (CWCO) dow...