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Day: May 2, 2013

Investing

Stock Market Today: Big Winners & Losers for Thursday

thinkstockHere are the five biggest gaining stocks in today’s U.S. markets at closing: Imperial Holdings Inc. (NYSE: IFT) is up 40.5% at $5.59. Kingtone WirelessInfo Solution Holding Ltd. (NASDAQ: KONE) is up 33.3% at $3.20. Build-a-Bear Workshop Inc. (NYSE: BBW)…

2:26pm ET
Banking, finance, and taxes

NYSE MKT Hits Trading Glitch

Frank Golhen, via Wikimedia CommonsTrading at the NYSE Euronext’s NYSE MKT exchange was halted briefly today. What is important here is not that the trading halt barely last two minutes, but that more than…

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Jon C. Ogg

All Day: May 2, 2013 Articles

Newest first

IBM Cuts Workers’ Hours to Save Money

courtesy of IBMInternational Business Machines Corp. (NYSE: IBM) has ordered staffing contractor CDI Corp. (NYSE: CDI) to reduce the number of hours CDI’s employees bill Big Blue to no more than 36 a week.…

Paul Ausick · 13 years ago

Freddie Mac: Mortgage Loan Rates Continue to Fall

ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported a record-low lending rate for a 15-year fixed-rate mortgage of 2.56%. The firm also noted drops in three other mortgage lending…

Paul Ausick · 13 years ago

Why Facebook Earnings Just Are Not Important

Brian Solis, via Wikimedia CommonsThe corporate earnings report from Facebook Inc. (NASDAQ: FB) has shares trading higher the day after the report. Many analysts have keyed in discussing many metrics, but the reality is…

Jon C. Ogg · 13 years ago

Gold Miner and Royalty Woes Continue

ThinkstockThis morning, Royal Gold Inc. (NASDAQ: RGLD) was the latest gold player to report its corporate earnings. The good news is that the gold company revenues and earnings were up. The bad news is that it…

Jon C. Ogg · 13 years ago

Natural Gas Inventory Build Tamps Down Price

thinkstockThe U.S. Energy Information Administration (EIA) today reported that the U.S. natural gas stocks increased by 43 billion cubic feet last week, substantially above the expected range for a build of about 28 billion…

Paul Ausick · 13 years ago

Bank IPO Kicks Off Below Expected Range

ThinkstockING U.S. Inc. (NYSE: VOYA) held its initial public offering (IPO) today and the U.S. insurance arm of Dutch-based ING Groep N.V. (NYSE: ING) raised $1.27 billion at an IPO price of $19.50 a…

Paul Ausick · 13 years ago

ISM-NYC Busts Weak Regional Economic Report Trend

ThinkstockThe Institute for Supply Management has reported the regional New York ISM data for April, saying that the hiccups have faded. April’s regional data for New York rose to 58.3 in what nearly reversed…

Jon C. Ogg · 13 years ago

Glencore, Xstrata Merger Now Complete

ThinkstockAfter more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a new name later today,…

Paul Ausick · 13 years ago