Market News
Starwood Agrees to Sweetened Merger With Marriott
Wall Street Journal - 21 Mar 2016 16:47
Starwood said it has agreed to a sweetened $13.6 billion deal with Marriott that trumps last week's boosted bid from a group led by China's Anbang Insurance.
IMF Wants More Details From China on New Way It Props Up Yuan
Wall Street Journal - 21 Mar 2016 16:56
The International Monetary Fund is pressing China to disclose more data on its currency operations according to the standards the Chinese central bank pledged to follow, as Chinese authorities resort to more-discreet way...
China Shares Rise, While Other Asian Stock Markets Are Mixed
Wall Street Journal - 21 Mar 2016 05:21
Stocks in China rose Monday after authorities signaled a loosening stance toward margin trading, the practice of using borrowed money to buy shares.
Nike Runs Backward to Go Forward
Wall Street Journal - 21 Mar 2016 23:02
Nike's footwear category continues to grow as a percentage of total revenue, a key factor in its coming quarterly results.
Hedge Fund Omega, Founder Cooperman Get SEC Wells Notice
Wall Street Journal - 21 Mar 2016 22:43
Hedge-fund firm Omega Advisors and its founder Leon Cooperman received a "Wells notice" from the U.S. Securities and Exchange Commission warning them of possible enforcement action.
Apple Chips Away at iPhone Weakness
Wall Street Journal - 21 Mar 2016 22:19
Low expectations could help the smaller, cheaper iPhone SE surprise investors.
Genworth Schools Bondholders In Long Term Care Costs
Forbes - 21 Mar 2016 22:15
Permanent loss of capital is the one thing even the most intrepid inventors fear in the middle of the night. Anyone with a little gray hair can stomach volatility and short-term movements, but when a firm has losses that...
Starwood Property Trust Named Top Dividend Stock With Insider Buying and 10.08% Yield (STWD)
Forbes - 21 Mar 2016 21:57
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
CIT Chief John Thain Takes 9% Pay Cut on His Way Out
Wall Street Journal - 21 Mar 2016 21:29
Departing CIT Group Inc. chief executive John Thain took a 9% pay cut as the lender's board criticized his work on the bank's purchase of OneWest Bank.
Central Banks Creep Toward Uncomfortable Role: Central Planners
Wall Street Journal - 21 Mar 2016 21:22
The European Central Bank and Bank of Japan are starting to break one of the modern tenets of the profession by funneling cash directly to what they regard as "good" uses.
DAP: trading lucrative vs manufacturing
livemint.com - 21 Mar 2016 20:43
Importing of diammonium phosphate, a water soluble fertilizer, is more remunerative than making it in India
Even states are cutting capital expenditure
livemint.com - 21 Mar 2016 20:35
Data on capital expenditure by the governments of 7 major states that have announced their budgets so far shows that they have cut down capex dramatically, just like the central govt
Monday Sector Leaders: Healthcare, Consumer Products
Forbes - 21 Mar 2016 20:32
The best performing sector as of midday Monday is the Healthcare sector, higher by 0.3%. Within the sector, Illumina Inc (NASD: ILMN) and Gilead Sciences, Inc. (NASD: GILD) are two large stocks leading the way, showing a...
Daily Dividend Report: WPC, LOW, SLG, APLE, IBOC, MEI
Forbes - 21 Mar 2016 20:20
W. P. Carey (WPC) increased its quarterly cash dividend to $0.9742 per share, equivalent to an annualized dividend rate of $3.90 per share. The dividend is payable on April 15, 2016, to stockholders of record as of March...
Monday's ETF with Unusual Volume: PICK
Forbes - 21 Mar 2016 20:14
The iShares MSCI Global Metals & Mining Producers ETF (PICK) is seeing unusually high volume in afternoon trading Monday, with over 1.3 million shares traded versus three month average volume of about 169,000. Shares of ...
Monday Sector Laggards: Metals & Mining, Hospital & Medical Practitioners
Forbes - 21 Mar 2016 20:12
In trading on Monday, metals & mining shares were relative laggards, down on the day by about 2.4%. Helping drag down the group were shares of Foresight Energy (FELP), off about 11.3% and shares of Hi-Crush Partners LP (...
Monday's ETF Movers: XBI, ITB
Forbes - 21 Mar 2016 20:12
In trading on Monday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of Sarepta Therapeutics (SRPT), up about 18.2%...
Monday Sector Leaders: Biotechnology, Real Estate Stocks
Forbes - 21 Mar 2016 20:08
In trading on Monday, biotechnology shares were relative leaders, up on the day by about 3%. Leading the group were shares of Ovascience (OVAS), up about 22.4% and shares of Sarepta Therapeutics (SRPT) up about 16.8% on ...
What Is NetApp's Presence In The Storage Systems Market?
Forbes - 21 Mar 2016 19:55
NetApp has been a major player in the storage systems market over the years. NetApp’s hardware-independent single operating system for storage products (Data ONTAP), ease of deployment and an active sales channel helpe...
Hackers Who Robbed Bangladesh Bank Account Part of Larger Breach
Wall Street Journal - 21 Mar 2016 19:54
Hackers who last month stole more than $100 million from Bangladesh's account at the New York Fed had been remotely monitoring activity at the central bank of Bangladesh for several weeks and may have breached as many as...
Regulator Urges Canadian Banks to Review Oil and Gas Reserves
Wall Street Journal - 21 Mar 2016 19:45
Canada's banking regulator is urging the country's major banks to review their accounting practices to ensure they have sufficient reserves as the commodity-price collapse takes a toll on the economy.
How Alibaba Is Working Towards Establishing Itself In Rural China?
Forbes - 21 Mar 2016 19:35
Reports suggest that Alibaba plans to train a million teenagers in rural China to help them launch their own online business. The company’s internet finance arm, Ant Financial, plans to invest $155 million to support c...