One Last Look at Time Inc. Spin Out
Thinkstockby Jon Friedman It didn’t take long for Time Warner’s stockholders to see the wisdom of the company’s decision earlier this month to spin off the Time Inc. publishing unit. In fact, they could…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 347What’s Important in the Financial World (3/21/2013)
ThinkstockEuropean Business Activity Cyprus is not the only major concern for the European Union. The purchasing managers index (PMI) for the region plunged in March as more evidence came in that austerity may widen…
Media Digest (3/21/2013) Reuters, WSJ, FT, Bloomberg
courtesy of AOL, IncChina’s PMI rises, but the improvement is unimpressive. (Reuters) Cyprus will keep banks closed and may nationalize pension funds. (Reuters) The Fed will hold interest rates as they are, as Bernanke’s…
Market Close: Big Winners & Losers for March 20, 2013 (DGICB, MODN, OMPI, AFFY, MARK, BLRX, MXWL, FREE, LIVE, ATOS)
thinkstockHere are today’s five biggest gaining stocks at closing: Donegal Group Inc. (NASDAQ: DGICB) is up 33.4% at $28.10. Model N Inc. (NYSE: MODN) is up 30.5% at $20.22. This is the company’s IPO.…
24/7 Wall St. Closing Bell — March 20, 2013: Markets Open Higher, Hold Gains on FOMC Statement (ZNGA, DE, BBY, AAPL, BBRY, ADBE, CTAS, FTEK, WSM, FDX, GIS, LEN, ORCL, JBL, TUMI, KBH, LULU, MOV, ROST, OMPI, VRX, AFFY)
U.S. equity markets opened higher this morning and maintained the upside, anticipating that today’s FOMC statement would not provoke any surprises. And the markets were not surprised (more coverage here). In Europe, the Cypriot…
No Change to Interest Rate, QE; Forecast Mixed — FOMC
courtesy U.S. Federal ReserveThe less things change, the more time everyone has to speculate about what might happen if things do change. As expected, the Federal Reserve’s FOMC today announced that it is leaving…
Dreamliner Customers Want Cash Compensation from Boeing
courtesy Boeing Co.All 50 of the 787 Dreamliners delivered to customers of the Boeing Co. (NYSE: BA) have been grounded until the company can figure out fix for the battery problems that have bedeviled…
BP Skips Gulf of Mexico Lease Sale
ThinkstockThe U.S. Bureau of Ocean Energy Management (BOEM) received bids on 1.7 million acres in the U.S. Gulf of Mexico at today’s auction, but none of the bids came from BP plc (NYSE: BP).…
Biofuel Maker’s Shares Rise on Favorable Patent Ruling
ThinkstockBiofuel maker Gevo Inc. (NASDAQ: GEVO) won a partial victory in federal court yesterday when a judge ruled that its method for producing isobutanol does not infringe on a patent held by Butamax Advanced…
J.P. Morgan Starts Plugging MF Global Hole
Wikimedia CommonsIn a settlement reached late yesterday, J.P. Morgan Chase & Co. (NYSE: JPM) has agreed to return $546 million to investors of now-bankrupt MF Global. The settlement also brings another $600 million closer…
Surprise Drop in U.S. Crude Inventory
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, bringing the total U.S. commercial crude inventory to 382.7…
Bullish Investor Sentiment Subsides, Just as DJIA Reach New Highs
Investors have been tempering their bullish sentiment, although 24/7 Wall St. is seeing a discrepancy in the data. Slightly lower sentiment should be of no great surprise now that the markets have stalled after…
Actively Managed Short-Term Bond ETF Launches, Fees May Get in the Way
AdvisorShares has announced the launch of the Newfleet Multi-Sector Income ETF (NYSEMKT: MINC). The new fund is an actively managed exchange traded fund (ETF) that is said to be managed with a value-driven fixed…
More Attempts to Block the Clearwire Buyout on the Cheap
ThinkstockClearwire Corp. (NASDAQ: CLWR) is facing yet another attempt to block the Sprint Nextel Corp. (NYSE: S) buyout as part of the Softbank deal. A group called Crest Financial is making a demand for…
Suntech Bankruptcy Heads for Chinese Courtroom
thinkstockOnce the world’s largest producer of solar PV cells and modules, Suntech Power Holdings Co. Ltd. (NYSE: STP) announced this morning that a group of eight Chinese banks have filed a petition for insolvency…