Market News
GE's Oil and Gas Gambit Falters
Wall Street Journal - 16 Dec 2014 04:29
Oil and gas has been an exclamation point for General Electric Co. in recent years, as the company sought to take advantage of global demand for new energy resources. Now it's starting to look like a question mark.
Russia Moves to Help Lift Sinking Ruble
Wall Street Journal - 16 Dec 2014 06:39
A spiraling currency crisis, fueled by the bite of Western sanctions and the plummeting price of oil, spurred Russia's central bank to raise interest rates late Monday, a drastic move aimed at shoring up the collapsing r...
Crime And Corruption Cost Developing Countries $6.6 Trillion In Past Decade, Report Shows
IBTimes - 16 Dec 2014 04:31
Developing countries are losing more money through corruption and tax evasion than they receive in international aid, a new report shows. According to a new report from Washington, D.C.-based advisory firm Global Financi...
Funds Added To Transocean Positions
Forbes - 16 Dec 2014 22:33
At Holdings Channel, we have reviewed 3,607 13F filings for the 09/30/2014 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...
Elevators Set to Take New Direction
Wall Street Journal - 16 Dec 2014 21:11
ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to sideways and diagonally as well as up and down.
The rouble's rout
livemint.com - 16 Dec 2014 21:20Tuesday Sector Laggards: Music & Electronics Stores, Agriculture & Farm Products
Forbes - 16 Dec 2014 20:39
In trading on Tuesday, music & electronics stores shares were relative laggards, down on the day by about 3%. Helping drag down the group were shares of Radioshack (RSH), off about 9.8% and shares of Conns (CONN) down ...
Weekly Online Travel Agency Notes: Priceline, Expedia, TripAdvisor, Ctrip
Forbes - 16 Dec 2014 15:46
Priceline announced the integration of Apple Pay on its iPhone and iPad iOS 8 applications. The company also launched the redesigned version of its restaurant booking platform. Expedia entered into a collaboration with l...
Lloyds Payout In Balance After Scrapes Through UK Bank Test
IBTimes - 16 Dec 2014 11:31
(Reuters) - Britain's state-backed lenders only narrowly passed the Bank of England's debut annual stress test, putting the prospects of Lloyds paying a dividend for 2014 in the balance. Lloyds and its British banking ri...
See Which 10 Guru Fund Managers Hold Micron Technology
Forbes - 16 Dec 2014 22:34
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,607 13F filings for the 09/30/2014 reporting period, and noticed that Micron Technology Inc. (NAS...
Russia Ruble Crisis 2014: Potential Economic Collapse, Panic Over Future Of Banking System Follows Currency Tumble
IBTimes - 16 Dec 2014 22:31
Panic washed over Russia Tuesday as the value of the ruble dropped as much as 19 percent in one day, with Russians reportedly flooding currency exchange centers and retailers as they tried to swap their cash for anything...
Japan French Fry Shortage: McDonald's Rations French Fries During Potato Shortage
IBTimes - 16 Dec 2014 22:31
As labor disputes in U.S. West Coast shipping centers have hampered potato exports to Japan, McDonald's restaurants in the Asian nation are scrambling to ration their stock by offering only small-sized portions of fries....
Dow Jones Industrial Average Soars More Than 200 Points Despite Russia's Escalating Currency Crisis
IBTimes - 16 Dec 2014 22:31
U.S. stocks rebounded Tuesday, despite Russia's mounting currency crisis and surprise interest rate hike, as the Dow Jones Industrial Average bounced back after wavering in early trading. Gains from Boeing Co., which jum...
Belgium Lifts Ban On Ivory Coast Diamonds Trade
IBTimes - 16 Dec 2014 22:31
Belgium has lifted a ban on diamonds from the Ivory Coast that's been in place for more than a decade, after training local officials to spot conflict diamonds.
Tuesday Sector Leaders: Energy, Industrial
Forbes - 16 Dec 2014 22:11
The best performing sector as of midday Tuesday is the Energy sector, up 3.4%. Within that group, Denbury Resources (NYSE: DNR) and Range Resources (NYSE: RRC) are two of the day's stand-outs, showing a gain of 9.2% and ...
Tuesday Sector Laggards: Services, Consumer Products
Forbes - 16 Dec 2014 22:10
The worst performing sector as of midday Tuesday is the Services sector, showing a 0.3% loss. Within that group, Amazon.com (NASD: AMZN) and Netflix (NASD: NFLX) are two large stocks that are lagging, showing a loss of 2...
Fed seen looking past inflation to drop 'considerable time'
livemint.com - 16 Dec 2014 21:09
Federal Open Market Committee will adopt a word such as 'patient' to describe its policy approach, economists predict
Rouble sinks to record low, defying surprise rate raise
livemint.com - 16 Dec 2014 21:02Daily Dividend Report: CVS, MMM, BA, LLY, KRFT, FITB, IFF
Forbes - 16 Dec 2014 20:49
CVS Health (CVS) approved a 27% increase in its quarterly cash dividend, to $0.35 per share on the common stock of the company. This increase translates to $1.40 per share annually, up 30 cents per share. The quarterly d...
BlackBerry Bolsters Enterprise-Focused Hardware Strategy With The Classic
Forbes - 16 Dec 2014 20:46
BlackBerry is returning to its roots with the Classic, which is targeted squarely at BlackBerry loyalists and enterprise customers. The device will feature the classic BlackBerry form factor with a physical QWERTY keyboa...
Volkswagen Bets On New Technology To Take On Tesla
Forbes - 16 Dec 2014 20:44
Volkswagen is looking to be the solution to the low-electric-range problem, and take on the likes of Tesla in the PEV market. QuantumScape is working on solid-state batteries as a substitute for the lithium-ion technolog...
Tuesday's ETF with Unusual Volume: DGRO
Forbes - 16 Dec 2014 20:42
The iShares Core Dividend Growth ETF (DGRO) is seeing unusually high volume in afternoon trading Tuesday, with over 1.2 million shares traded versus three month average volume of about 54,000. Shares of DGRO were up ab...