2/27/12,
Sales contracts for homes rose 2 pct. in January
(AP) »»
AP - The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back. Read more...
2/27/12,
Like Home Depot, Lowe's gains from warm winter
(Reuters) »»
Reuters - Lowe's Cos , the world's second-largest home improvement chain, reported higher-than-expected quarterly sales as a warm winter prompted many homeowners to take up renovation projects that they normally save for the spring. Read more...
2/27/12,
Md. gas-drilling panel meeting in Hagerstown
(AP) »»
AP - A state commission on natural-gas drilling is taking a look at the regulatory landscape. Read more...
2/27/12,
Wall Street retreats from 4-year high
(Reuters) »»
Reuters - Stocks opened lower on Monday following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
2/27/12,
Ex-head of Nigerian state admits financial crime
(AP) »»
AP - A former governor of Nigeria's oil-rich Delta state pleaded guilty in a British court Monday to charges of money-laundering, conspiring to defraud and obtaining a money transfer by fraud, officials said. Read more...
2/27/12,
Pending home sales near a 2-year high in January
(Reuters) »»
Reuters - Signed contracts for home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market. Read more...
2/27/12,
Merkel urges German lawmakers to back Greece
(AP) »»
AP - Chancellor Angela Merkel urged German lawmakers to support the new Greek rescue package on Monday — though she conceded that there is no "100 percent guarantee" it will succeed. Read more...
2/27/12,
Detroit automakers race to keep up with sales
(AP) »»
AP - Auto sales are growing so fast that Detroit can barely keep up. Read more...
2/27/12,
Lowe's 4Q net income climbs, revenue increases
(AP) »»
AP - Lowe's Cos. said Monday its fiscal fourth-quarter net income rose 13 percent, better than analysts expected, as homeowners took on more home-improvement projects during winter months. Read more...
May 14 (Bloomberg) -- Wolfgang Matejka, founder of Matejka & Partner Asset Management, discusses the impact of Greece's political uncertainty and JPMorgan Chase & Co.'s $2 billion trading loss on investor sentiment. He speaks from Vienna with Manus Cranny on Bloomberg Television's "Last Word." (Source: Bloomberg)
5/14/12,
Video: Fear Has Made Global Stocks Cheap, Holland Says »»
May 14 (Bloomberg) -- Michael Holland, chairman of Holland & Co., talks about investment strategy and the performance of global markets. He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
5/14/12,
Video: Ex-FDIC Chief Bair on JPMorgan Trading Loss »»
May 14 (Bloomberg) -- Former Federal Deposit Insurance Corp. Chairman Sheila Bair talks about JPMorgan Chase & Co.'s $2 billion trading loss. She speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "InBusiness." (Source: Bloomberg)
5/14/12,
Video: European Stocks Can Make Money, Peak Says »»
May 14 (Bloomberg) -- Stephen Peak, director of international equities at Henderson Global Investors, talks about his investment strategy for Europe. He speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "InBusiness." (Source: Bloomberg)
5/14/12,
Video: Spanish Bond Spreads Not a Trigger for Default »»
May 14 (Bloomberg) -- Laurent Fransolet, head of European fixed-income strategy at Barclays Plc, talks about the outlook for Spanish and German bond markets. He speaks with Manus Cranny on Bloomberg Television's "Last Word." (Source: Bloomberg)
5/14/12,
Video: JPMorgan Fallout Could Hurt Liquidity, Rosiak Says »»
May 14 (Bloomberg) -- Jason Rosiak, head of portfolio management at Pacific Asset Management, talks about the implications of JPMorgan Chase & Co.'s $2 billion trading loss on credit markets. Rosiak, talking with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "InBusiness," also discusses investment strategy. (Source: Bloomberg)
5/14/12,
Video: Ferragamo Says EU Austerity Not Hurting Sales »»
May 14 (Bloomberg) -- Salvatore Ferragamo SpA Chief Executive Officer Michele Norsa talks about the impact of government austerity measures on sales in Europe. He spoke May 8 in Florence, Italy, with Bloomberg Television's David Tweed. (Source: Bloomberg)
5/14/12,
Video: Analyst Bhatia on Facebook IPO, Groupon Earnings »»
May 14 (Bloomberg) -- Arvind Bhatia, an analyst at Sterne Agee & Leach Inc., talks about the outlook for Facebook Inc.'s initial public offering and Groupon Inc.’s first-quarter earnings report. Bhatia speaks with Deirdre Bolton on Bloomberg Television's "In the Loop." (Source: Bloomberg)
5/14/12,
Video: SunTrust CEO Calls JPMorgan a `Black Eye' for Banks »»
May 14 (Bloomberg) -- William Rogers, chief executive officer of SunTrust Banks Inc., talks about JPMorgan Chase & Co.'s $2 billion trading loss, financial regulations and the outlook for the U.S. housing market. He speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
5/14/12,
Video: Dimon Has `Zero’ Credit in D.C., Johnson Says »»
May 14 (Bloomberg) -- Simon Johnson, a professor at the Massachusetts Institute of Technology and a former economist at the International Monetary Fund, talks about the outlook for JPMorgan Chase & Co. following the disclosure the company suffered a $2 billion trading loss. Johnson, speaking with Deirdre Bolton on Bloomberg Television's "In the Loop," also discusses the prospects Greece will exit the euro. (Source: Bloomberg)
5/14/12,
Video: Caesars CEO on Horseshoe Casino Cleveland »»
May 14 (Bloomberg) Gary Loveman, chief executive officer of Caesars Entertainment Corp., talks about the company's stake in the Horseshoe Casino Cleveland. He speaks with Stephanie Ruhle on Bloomberg Television's "In the Loop." (Source: Bloomberg)
5/14/12,
Video: Yahoo Should Monetize Asian Assets, Helfstein Says »»
May 14 (Bloomberg) -- Jason Helfstein, an analyst at Oppenheimer & Co., talks about the resignation of Yahoo! Inc. Chief Executive Officer Scott Thompson and the outlook for the company's stock. Helfstein speaks with Erik Schatzker and Scarlet Fu on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/14/12,
Video: TD Bank CEO Clark Prefers `Old-Fashioned' Banking »»
May 14 (Bloomberg) -- Toronto-Dominion Bank Chief Executive Officer Edmund Clark talks about the Canadian firm's approach to banking and industry regulations. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/14/12,
Video: UBS Says Euro May Fall to $1.20 in Third Quarter »»
May 14 (Bloomberg) -- Geoffrey Yu, a currency analyst at UBS AG, talks about the outlook for the euro, dollar, and Swiss National Bank policy. He speaks with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Almunia Says EU Google Probe Slowed by New Elements »»
May 14 (Bloomberg) -- European Union Competition Commissioner Joaquin Almunia talks about the EU's antitrust probe of Google Inc., the possibility of Greece leaving the euro and the outlook for Spanish banks. He speaks with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Markets Look `Dicey' in Next Two Months, Knapp Says »»
May 14 (Bloomberg) -- Barry Knapp, head of equity strategy at Barclays Capital, talks about the outlook for U.S. markets and economy. He speaks with Scarlet Fu on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/14/12,
Video: Buy Gilts as a Haven; Aussie Seen as Vulnerable »»
May 14 (Bloomberg) -- David Miller, partner at Cheviot Asset Management, discusses the outlook for gilts and currencies including the Australian dollar, Canadian dollar and the pound. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Facebook Is Significantly Overpriced, Hamilton Says »»
May 14 (Bloomberg) -- Brian Hamilton, co-founder and chief executive officer of Sageworks Inc., talks about the outlook for Facebook Inc.'s initial public offering. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
May 14 (Bloomberg) -- Brenda Shaffer, a professor of energy and politics at the University of Haifa, talks about Iraq's efforts to more than double oil output by 2015 and the outlook for global oil prices. Shaffer speaks with Sara Eisen on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/14/12,
Video: TD Bank CEO Clark Prefers `Old-Fashioned' Banking »»
May 14 (Bloomberg) -- Toronto-Dominion Bank Chief Executive Officer Edmund Clark talks about the Canadian firm's approach to banking and industry regulations. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
May 14 (Bloomberg) -- Nick Stamenkovic, a fixed-income strategist at RIA Capital Markets Ltd., discusses the possible impact of Greece leaving the euro on European bonds. He speaks from Edinburgh with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Singapore Banks Among Jupiter's Stock Picks »»
May 14 (Bloomberg) -- Robert Mumby, fund manager at Jupiter Asset Management, discusses risk appetite and European, U.S. and Asian banks. He talks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Merkel's National Support `Surprising' After Loss »»
May 14 (Bloomberg) -- Kai Carstensen, economist at Germany's Ifo Institute, talks about the defeat of Chancellor Angela Merkel’s party in an election in North Rhine-Westphalia. He speaks from Munich with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/14/12,
Video: Commodities, Cyclical Stocks Favored at Barclays »»
May 14 (Bloomberg) -- Kevin Gardiner, head of investment strategy for Europe, Middle East and Africa at Barclays Wealth, discusses the outlook for European economies and investment strategy. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
May 14 (Bloomberg) -- Michael O'Sullivan, head of portfolio strategy at Credit Suisse Private Banking, discusses his investment strategy for Europe, emerging markets and banks. He speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
5/14/12,
Video: Tempting to Be More Bullish on EU Stocks, Says UBS »»
May 14 (Bloomberg) -- Karen Olney, head of thematic equity strategy at UBS AG, discusses the impact of China's economic slowdown and Greece's political uncertainty on stocks. She speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
5/14/12,
Video: Lonmin CEO Says Next 6 Months Unpredictable; Sales »»
May 14 (Bloomberg) -- Ian Farmer, chief executive officer of Lonmin Plc, discusses the company's first-half loss reported today and the demand for platinum. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
5/14/12,
Video: Greeks Need Vote on Euro Exit, German MEP Says »»
May 14 (Bloomberg) -- Jorgo Chatzimarkakis, a German member of the European Parliament, talks about Greece's political deadlock and future in the euro zone. He speaks from Brussels with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
5/14/12,
Video: Pound to Increase on Euro Woes, Haven Flows »»
May 14 (Bloomberg) -- Kit Juckes, head of foreign-exchange research at Societe Generale SA, discusses the outlook for the euro, pound and Australian dollar and his recommendation of the Canadian dollar. He speaks with Caroline Hyde and Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
5/14/12,
Video: Further China Ratio Cut Seen Before End of June »»
May 14 (Bloomberg) -- Donna Kwok, an economist at HSBC Holdings Plc, talks about the cut in China's reserve-requirement ratio and the prospect of further monetary easing. She speaks from Hong Kong with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
5/14/12,
Video: Role of Next Greek Government Seen to Manage Exit »»
May 14 (Bloomberg) -- Simon Sole, chief executive officer of Exclusive Analysis Ltd., talks about Greece's political stalemate, Chancellor Angela Merkel's party defeat in a German state election and European Central Bank monetary policy. He speaks with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
5/14/12,
Video: Kowalczyk Says China Must Do More to Meet Growth Target »»
May 14 (Bloomberg) -- Dariusz Kowalczyk, a strategist at Credit Agricole CIB, talks about the outlook for China's economy and central bank monetary policy. Kowalczyk also discusses the debt crisis in Europe with Susan Li, John Dawson, Mia Saini and David Ingles on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
5/14/12,
Video: HSBC's Pedley Favors China A-, H-Shares in Second Half »»
May 14 (Bloomberg) -- Benjamin Pedley, head of investment strategy for North Asia at HSBC Private Bank, talks about global financial markets. He also discusses Europe's sovereign debt crisis and China's economy. He speaks in Hong Kong with John Dawson and Susan Li on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
5/13/12,
Video: Debt-Binging Ex-Mayor Led Harrisburg to Insolvency »»
May 14 (Bloomberg) -- David Black, president and chief executive officer of the Harrisburg Regional Chamber & CDREC, or Capital Region Economic Development Corp., Harrisburg City Controller Dan Miller, and John Brinjac, who managed former Harrisburg, Pennsylvania, Mayor Stephen Reed's first campaign, talk with Bloomberg's Romy Varghese about Reed. Reed, Harrisburg's mayor for 28 years, pushed Pennsylvania's capital into insolvency as the more than $500 million in bond deals he oversaw for projects such as an incinerator overhaul and an Old West museum drained city coffers. Harrisburg may enter bankruptcy as early as July.
5/13/12,
Video: Utah Mother Gets No Answer About Baby's DNA Fate »»
May 14 (Bloomberg) -- Halena Black's family in Ogden, Utah, is at the center of a growing ethical debate involving people who undergo DNA testing for research purposes and don't receive the results for regulatory reasons. Black's daughter, Camilla Grondahl, gave birth to a son last year who died from a lethal inherited disorder that has afflicted baby boys in the Black family. Grondahl had hoped to find out from genetic researcher Gholson Lyon if her unborn child was at risk. Bloomberg's John Lauerman reports. (Source: Bloomberg)
5/13/12,
Video: Pathologist Leonard on Genetic Sequencing Ethics »»
May 14 (Bloomberg) -- Debra Leonard, a pathologist at Weill Cornell Medical College, and Gholson Lyon, a genetics researcher at Cold Spring Harbor Laboratory, talk with Bloomberg’s John Lauerman about the issue of returning DNA research sequencing results to study participants. Leonard, who joined a DNA sequencing study several years ago, says the lack of access to her genetic information is “very frustrating.” (Source: Bloomberg)
5/13/12,
Video: Halmarick Sees Opportunity in Emerging-Market Stocks »»
May 14 (Bloomberg) -- Stephen Halmarick, Sydney-based head of investment market research at Colonial First State Global Asset Management, talks about global financial markets. He also discusses Europe's sovereign debt crisis and People's Bank of China monetary policy. He speaks with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
5/13/12,
Video: Yeung Sees China Yuan Internationalization in 10 Years »»
May 14 (Bloomberg) -- Catherine Yeung, Hong Kong-based investment director at Fidelity Worldwide Investment, talks about China's economic outlook and the prospects for internationalization of the yuan. She speaks with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
5/13/12,
Video: Sanft Says Now Is Good Time to Look at Riskier Assets »»
May 14 (Bloomberg) -- Erwin Sanft, chief strategist for pan-Asia equities at BNP Paribas SA, talks about the outlook for Asian stocks and his investment strategy. Sanft also discusses the economies of China, the U.S. and Japan. He speaks with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
5/13/12,
Video: Loong Sees China Signaling `More Accommodating' Policy »»
May 14 (Bloomberg) -- Pauline Loong, a political analyst at CIMB Securities (HK) Ltd., talks about China's reserve-requirement ratio cut and its implications for the central bank's monetary policy. Loong speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
5/13/12,
Video: Scarff Says Bank Rules May Tighten After JPMorgan Loss »»
May 14 (Bloomberg) -- Alistair Scarff, an analyst at Bank of America Merrill Lynch in Hong Kong, talks about JPMorgan Chase & Co.'s $2 billion trading loss and its implications for banking regulation and Asian banks. Scarff also discusses China's banking industry and the reserve ratio cut announced by the People's Bank of China on May 12. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
5/13/12,
Video: Bowers Sees Tepco `Moral Hazard' for Japan Government »»
May 14 (Bloomberg) -- Penn Bowers, an analyst at CLSA Asia-Pacific Markets in Tokyo, talks about the prospects for power shortages in Japan this summer, the nation's power industry and the outlook for Tokyo Electric Power Co. Kansai Electric Power Co. and two other Japanese utilities may have power shortages this summer without supplies from nuclear reactors, a government panel said. Bowers speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
May 14 (Bloomberg) -- Apple Inc. co-founder Steve Wozniak talks about Facebook Inc.'s initial public offering outlook and its Chief Executive Officer Mark Zuckerberg. Wozniak says he will buy shares in the social-networking company when it sells its first shares to the public May 17, regardless of its valuation. Wozniak also discusses his role in co-founding Apple and the company's patent dispute with Samsung Electronics Co. He spoke with Bloomberg Television's Shraysi Tandon on May 13 in Sydney. (Source: Bloomberg)
May 14 (Bloomberg) -- Cathay Pacific Airways Ltd. Chief Executive Officer John Slosar talks about the company's growth strategy and business outlook. Hong Kong-based Cathay, Asia’s largest international carrier, said May 9 it slowed growth plans and predicted "disappointing" first-half earnings because of rising fuel prices and waning travel demand. Slosar speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
5/13/12,
Video: Riddell Says China May Cut Reserve Requirements Further »»
May 14 (Bloomberg) –- Timothy Riddell, head of global markets research in Singapore at Australia & New Zealand Banking Group Ltd., talks about China's central bank monetary policy. The People’s Bank of China on May 12 lowered banks’ reserve requirements by 50 basis points, a day after data showed April industrial production, new loans and retail sales grew less than forecast. Riddell speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
5/12/12,
Video: Borthwick on Facebook IPO, Betaworks' Strategy »»
May 12 (Bloomberg) -- John Borthwick, chief executive officer of Betaworks, talks about the company's investment strategy in technology startups, Facebook Inc.'s pending initial public offering and the outlook for its shares and competition. He spoke yesterday with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)
5/11/12,
Video: AFL-CIO's Trumka on Obama, JPMorgan, Romney »»
May 11 (Bloomberg) -- AFL-CIO President Richard Trumka talks with Bloomberg's Al Hunt about JPMorgan Chase & Co.’s $2 billion trading loss, the outlook for Wisconsin Governor Scott Walker in a June 5 recall election and Republican presidential candidate Mitt Romney's claims that he shares credit for the auto industry's recovery. Bloomberg's Julianna Goldman and Julie Davis discuss President Barack Obama's support of same-sex marriage and the defeat of Senator Richard Lugar of Indiana in his state's May 8 Republican primary. Bloomberg's Gregory Viscusi talks about the outlook for Francois Hollande following the defeat of French President Nicolas Sarkozy. Commentators Margaret Carlson and Kate O'Beirne talk about Romney's impact on the auto industry and Representative Michele Bachmann's decision to end her Swiss citizenship. (Source: Bloomberg)
5/11/12,
Video: CEO Says Number of Socialcam Servers Rose 8-Fold »»
May 11 (Bloomberg) -- Michael Seibel, chief executive officer of Socialcam, talks about the company's social networking video software and growth. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Buoyed by powerful economic growth, strong corporate profits and government deregulation, M&A activity in Asia-Pacific has staged a strong recovery from the 2008 financial crisis. In 2010 the value of M&A deals in the region grew 19%. Despite such macro-economic uncertainties as the sovereign debt crisis, deal value rose by 6% in 2011. The region now accounts for about 24% of global M&A. This reflects Asia?s increasingly important position over the next two decades as a growth engine for the world. Asia Pacific?s share of global M&A deals will continue its upswing, despite the current uncertain economic environment and concerns from Western companies about inflated valuations of Asian acquisition targets. Read more...
The markets managed to come off of their worst lows of the day but remained in negative territory, as concerns over the euro zone continue to weigh on the minds of investors. Read more...
5/9/12,
Tesla Posts Wider Than Expected Loss, Ups Revenue Guidance A Bit »»
Shares in Tesla Motors rallied after-hours on Wednesday despite a wider than first quarter expected loss. The electric vehicle company improved its revenue guidance marginally, while announcing it was almost done with regulatory approvals for their coming Model S, deliveries of which should begin in June. Read more...
AIG (AIG) was upgraded today by Goldman Sachs (GS) to buy with a price target of $40, as there are multiple catalysts suggesting a higher stock price. Read more...
5/9/12,
Stocks Stagger Back After Greece Receives Bailout Package »»
Stocks trimmed losses as worries dissipated over whether Greece would receive its latest bailout package. Read more...
5/9/12,
Viacom's Higher Affiliate Fees Mitigate Weaker Ad Growth »»
Last week Viacom reported its Q2 fiscal 2012 earnings and several metrics were in line with our expectations. We recently wrote how Viacom?s filmed entertainment business was not performing as well as it did last year and that lower ratings of its key cable networks would affect advertising revenues (see Viacom Earnings Will Show Impact Of Better Ad Spending But Lower Ratings). As it turned out, filmed entertainment revenues declined by 5% and advertising revenues at Viacom?s media networks grew by just 1% in the U.S. and remained flat internationally. Read more...
Capital One Financial Corporation (COF) maintained its quarterly dividend of 5 cents per share. The dividend is payable on May 29, 2012 to stockholders of record as of May 16, 2012. Read more...
5/9/12,
Symantec Ready To Surf The Win 8 Wave To $22 »»
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. Read more...
5/9/12,
Chesapeake Worth $28 As Shift To Liquids Mitigates Slide In Natural Gas Prices »»
5/9/12,
BP Gets Another Shot At Arctic Reserves On Way To $58 »»
The Russian government?s fresh attempts to attract foreign expertise and investments could mean that British major BP can get another chance to explore the country?s Arctic reserves. Last year, BP?s deal with Russian state producer Rosneft was cancelled because of complications regarding the company?s existing partnership with TNK. Read more...
Capital One Financial Corporation (COF) maintained its quarterly dividend of 5 cents per share. The dividend is payable on May 29, 2012 to stockholders of record as of May 16, 2012. Read more...
5/9/12,
Roubini: Europe, US, Middle East, You Name It, It's Only Going To Get Worse »»
There's not much to smile about around the globe and there won't be for some time. That's according to economist Nouriel Roubini who took the stage this morning at the hedge fund industry's biggest conference in Las Vegas. Read more...
5/9/12,
Sotheby's And Christie's The Goldman Sachs's Of The Art World »»
I relish evening contemporary art auctions in the Big Apple. It gives me a feel for the breadth and intensity of bidding on specific pieces of interest. But, I?m rethinking my position. Almost all art at auction turned pricey years ago. Ironically, if I had spent the past 10 years more intensively involved in the art world as an aggressive collector I would have coined money. Instead here I am battling for investment survival. Read more...
5/9/12,
Roubini: EU To Break Up Once Contagion Hits Italy And Spain »»
Political uncertainty continues to rise in Europe as Greek politicians fail to build a government and more EU leaders, including German Finance Minister Wolfgang Schaeuble, raise the possibility of an exit from the monetary union. Another Euro bear was economist Nouriel Roubini, who expects Greece to leave the EU in 2013, sparking contagion and the possible fall of the Union if Spain and Italy are hit too hard. Spain, said Roubini, will lose market access by the end of this year. Still, the economist admitted to having 35% of his money in U.S. equities on a can-kicking earnings recovery. Read more...
5/9/12,
Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection »»
In 2004, the Legislature of Louisiana voted to enact a new law aimed at providing greater protections to public pension systems within the state. R.S. 11:269 required pension consultants and money managers to provide public pensions with full disclosure of any conflicts of interest, including payments these advisers received from money managers they recommended to pensions. Read more...
5/9/12,
Delivering Transparency To Fixed Income Markets »»
A pioneer in electronic trading whose first firm was acquired by Thomson Reuters is back with a new startup, Benchmark Solutions. Read more...
5/9/12,
Bring Back Housing By Bringing Back Tax Shelters »»
Turning around real estate remains one of the biggest problems in fixing America's economy. Investment sage Warren Buffett recently said now is a good time for investment pools to buy thousands of residential homes, fix them up, and rent them out for a good rate of return. Read more...
5/9/12,
For A Bullish Option On Expensive Stocks Like Apple, Look At Call Spreads »»
This post is by J.J. Kinahan, chief derivatives strategist at TD Ameritrade. J.J. is joining the Forbes contributor ranks to provide regular commentary on investing with options, a strategy that can be beneficial for any investor looking to clearly define their risk when putting money into the market or a particular position. For more from J.J. keep an eye out for his contributor page and watch this video, where we discussed how investors can use options to gain exposure to expensive stocks like Apple and Priceline.com. Read more...
5/9/12,
Wednesday Sector Laggards: Construction, Oil & Gas Exploration & Production Stocks »»
In trading on Wednesday, construction shares were relative laggards, down on the day by about 2.6%. Helping drag down the group were shares of Miller Industries Tenn (MLR), down about 7.9% and shares of Twin Disc (TWIN) off about 7.5% on the day. Read more...
After being forced to dispose of a big chunk of his shares in the company he founded, Green Mountain Coffee?s Robert Stiller also closed his position in Krispy Kreme Doughnuts, disclosing a sale of 11.8% of shares outstanding. Read more...
The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real time quotes, last-sale prices and volume information on OTC equity securities. The OTCBB provides access to more than 3,300 securities and includes more than 230 participating market makers.
There is one primary difference between penny stocks quoted on the Pink Sheets and those quoted on the OTC Bulletin Board. All OTCBB listed companies are required to file their updated financial reports with the SEC. This is not required for stocks listed on the Pink Sheets. Any company that does not file timely reports is removed from the OTCBB. On failure to file the required document, the SEC adds a fifth letter “E” to the company’s ticker and the company is provided a 30-day period to file with the SEC. If the company fails to meet this, its ticker stands to be removed from the OTCBB and must re-apply for listing.
The Penny Stock Reform Act of 1990 required the SEC to establish an electronic system to facilitate the widespread publication of quotation and last-sale information in the OTC securities. The OTCBB was then set up in June 1990 on a pilot basis to provide transparency in the OTC equities market. Firms are now required to report all trades in the domestic OTC equities security through an Automated Confirmation Transaction Service (ACT) within 90 seconds of the transaction.
There is no single accepted definition of a penny stock. Some people refer to them as stocks that trade for less than $1, others set the cut off point at $3, while some deem a penny stock anything that trades below $5, so there are a variety of opinions as to what share price determines the penny stock. However, the Securities Exchange Commission (SEC) has defined penny stocks as low price stocks of small companies generally trading under $5. While penny stocks generally trade “over the counter,” they can also trade on U.S. securities exchanges such as the NYSE, AMEX or NASDAQ. Many can also trade on foreign exchanges such as Canada and Germany.
Penny stocks are a high risk / high reward undertaking and a large number of investors keep away from them, largely due to the fact that one could end up losing money due to amount of risk involved. But if investing prudently, one could make huge profits by investing in fundamentally strong penny stocks, as they can be bought for a few cents per share and ultimately sell for several dollars per share.
OTCPick's Trade Ideas are basically our stock picks that we believe have an opportunity to pop to enable our members to make a quick buck. We bring new Trade Ideas to our members most every week and sometimes several times per week.
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9/26/08,
Do Low Priced Stocks Mean Low Risks for Penny Stock Investors? »»
Many people who are new stock trading think that penny stocks are the obvious and logical choice. The word penny indicates that the investment is small enough that they won’t have to risk a lot for a great deal of potential.
