Numbers don’t lie, People do
The jobs number has come and gone and the Government will have you believe they were great.
However, the markets rallied on the hope that there will be no taper. What does that tell you?…
Movie Stocks to Watch as Studios Roll Out the Good Stuff
As the year ends and film studios release their best, cinephiles will want to watch these movie stocks. You don't need to be ...
Rising riches: 1 in 5 in US reaches affluence
WASHINGTON – It’s not just the wealthiest 1 percent.
Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America’s economy and politics. This little-known group may pose the biggest barrier to reducing…
World stocks rise as US economy improves
KUALA LUMPUR, Malaysia – Global stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.In Europe, Britain’s FTSE 100 was flat at 6,550.37 while Germany’s…
Global growth to accelerate in 2014 but policy risks linger…
PineBridge Investments forecasts 2.6 percent GDP growth in United States – Eurozone growth seen stable at 1.2 percent with region likely to ease austerity – Chinese growth rate seen stabilizing at 7.5 percent in 2014 – Politics expected to dominate…
Data Presented by Celgene
Celgene Corporation (CELG) presented data from an ad hoc analysis of a subset of patients (n=23) with elevated risk myelodysplastic syndrome (MDS) from two ongoing phase I/II studies on its oral candidate CC-486 at the annual meeting of the American…
EC Clears AstraZeneca’s Fluenz Tetra
AstraZeneca’s (AZN) intranasal influenza vaccine, Fluenz Tetra has received approval from the European Commission (EC). The vaccine is approved for the prevention of influenza in children and adolescents aged between 24 months and 18 years. The approval marks the first…
Will the Mexico ETF Shine in 2014?
Mexican stocks had an excellent performance earlier this year as foreign investors poured money into the country as a result of optimism generated after the election of President Nieto.
But like all emerging markets, Mexico also suffered the consequences of…
Pentagon Approves $1.1B RTN Deal
In spite of the budget austerities and sequestration, defense majors are riding high on foreign orders. These have to some extent compensated for lower defense spending at home. Raytheon Co. (RTN) recently received the green light from Pentagon for the…
Auxilium Up on Peyronie’s Approval
Shares of Auxilium Pharmaceuticals, Inc. (AUXL) jumped 11.95% with the FDA approving Xiaflex for an additional indication. Xiaflex, which is currently marketed for Dupuytren’s Contracture, gained approval for Peyronie’s disease.
FDA approval makes Xiaflex the first and only treatment approved…
AvalonBay Raises Cap to Pay off debt
In order to pay off its outstanding debts, AvalonBay Communities Inc. (AVB) is raising capital through notes issuance. In particular, the company priced 4.200% unsecured notes worth $350 million at 99.806% of the principal amount.
Specifically, this apartment real estate…
Universal Technical Hits 52-Week High
Shares of Universal Technical Institute, Inc.’s (UTI) reached a 52-week high of $15.16 on Friday, Dec 6, 2013. Despite missing both the revenue and earnings estimates, Universal Technical’s share price has been rising ever since it reported better than expected…
Ford Sues Paice over Patent Agreement
Reportedly, Ford Motor Co. (F) has appealed the court to order its hybrid-technology partner Paice LLC to obey a patent agreement and has sued the latter for it. In Jul 2010, Ford had signed an agreement with Paice that gave…
PNC Financial in $89M Settlement
The PNC Financial Services Group, Inc. (PNC) reached a settlement with Freddie Mac (FMCC) related to faulty mortgages sold before the financial crisis. The Pennsylvania-based bank will pay a sum of $89 million, excluding credits of $8 million. The amount…
Will Costco (COST) Beat Earnings?
Costco Wholesale Corporation (COST) is slated to report its first-quarter fiscal 2014 results on Dec 11, 2013. In the last quarter, it posted a negative surprise of 4.1%. Let’s see how things are shaping up for this announcement.
Factors this…
American Airlines to Merge with U.S. Airways
The stage is finally set for American Airlines and U.S. Airways Group Inc. (LCC) to merge, a move that has been contemplated by the former from the beginning of this year. Shareholders of AMR Corp., the holding company of American…
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