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4/30/13
China Manufacturing Gauge Signals Slowdown Persisting: Economy
By Bloomberg News
China’s manufacturing expanded at a weaker pace in April in a sign that the slowdown in the world’s second-largest economy is extending into the second quarter.
WTI Crude Declines a Second Day as Supplies Gain in U.S., OPEC
By Ben Sharples
West Texas Intermediate crude fell for a second day after OPEC’s production increased to a five-month high and an industry group said U.S. stockpiles climbed for the first time in three weeks.
Asian Stocks Fall as Yen Gains Amid Growth Concerns; Oil Drops
By Jae Hur & Adam Haigh
Asian stocks declined from the highest level since June 2008, led lower by Japanese shares as the yen strengthened and data signaled a slowdown in global business activity. Oil and copper dropped.
Empire State Clears a Hurdle to IPO
By CRAIG KARMIN
A New York judge on Tuesday removed a potential obstacle to a plan for selling the Empire State Building as part of a giant public offering, ruling that a share-buyout provision in the plan doesn't violate the law.
Exclusive: Investor wants buybacks, spinoffs on Tim Hortons menu
By Lauren Tara LaCapra, Jessica Toonkel and Olivia Oran
NEW YORK (Reuters) - Canadian coffee-and-doughnut chain Tim Hortons Inc has come under pressure from a large investor to aggressively boost returns through debt-funded share buybacks and a scaling back of U.S. expansion plans, according to documents seen by Reuters and two sources familiar with the matter.
Exclusive: Bain, Golden Gate in the lead to buy BMC Software - sources
By Greg Roumeliotis and Soyoung Kim
NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday.
Dollar pressured before Fed policy outcome
By Chikako Mogi
TOKYO (Reuters) - The dollar eased on Wednesday as investors warily awaited the outcome of the U.S. Federal Reserve's two-day policy meeting later, while the euro drifted on expectations for a rate cut when the European Central Bank meets later in the week.
Market Close Report: NASDAQ Composite index closes at 3,328.79 up 21.77 points
Tuesday's session closes with the NASDAQ Composite Index at 3,328.79. The total shares traded for the NASDAQ was over 1.88 billion.
Sell in May and Go Where? Preparing for the Market’s Slow Season
By Matt Nesto | Breakout
Had you adhered to the old adage "sell in May and go away" for the past three years, you would have not only avoided a lot pain, but you would have likely outperformed the benchmarks, as well.
U.S. Stock Futures Little Changed Amid Earnings Reports
By Namitha Jagadeesh
U.S. stock futures were little changed, after the Standard & Poor’s 500 Index advanced to a record, as investors weighed corporate earnings and awaited reports on consumer confidenceand real estate prices.
Banker Roommates Follow Zuckerberg Not Blankfein With IvyConnect
By Max Abelson
A former GE Capital associate with a fuchsia handgun on his $185 lilac tie gave out his business card near a Danish man twirling a Turkish woman. An American International Group Inc. (AIG) employee left out his firm’s name when he said he works in risk.
4/29/13
Hong Kong-based Richland to shut hedge funds in surprise move
By Nishant Kumar
HONG KONG (Reuters) - Hong Kong-based Richland Capital Management Ltd is shutting down its hedge funds despite outperforming peers, four sources said, an unexpected move for a successful operator in an Asian industry which is struggling to raise assets.
UBS Beats Estimates on Investment Bank, Wealth Management
By Elena Logutenkova
UBS AG (UBSN), Switzerland’s biggest bank, reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.
S&P 500 closes at record, led by energy, tech shares
By Ryan Vlastelica
NEW YORK (Reuters) - The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions.
JPMorgan Suffers a Big Loss
JPMorgan Chase (NYSE: JPM ) co-chief operating officer Frank Bisignano has left the building.
Gold Rush From Dubai to Istanbul Drains Supply as Premiums Jump
By Glenys Sim
Surging demand for gold from Dubai to Istanbul has pushed physical premiums in the region to levels not seen in years as the biggest price slump in three decades lures consumers, according to MKS (Switzerland) SA.
Asian Stocks Headed for Highest Closing Level Since 2008
By Yoshiaki Nohara
Asian stocks rose, with the regional benchmark index heading for the highest closing level since June 2008, after U.S. housing sales gained and amid speculation central banks will keep stimulating growth.
5 Stocks Better Than Berkshire Hathaway
Without a doubt, Berkshire Hathaway(NYSE: BRK-B ) stands alone as the most successful financial holding company in history. Thanks largely to the leadership of Warren Buffett, Berkshire's per-share book value grew by an astounding average of 19.7% annually from 1965 through 2012 -- good for an unbelievable total gain of nearly 587,000%.
Unilever to Spend $5.4 Billion to Lift India Unit Stake
By Adi Narayan
Unilever Plc (ULVR), the world’s second- largest consumer goods company, will spend up to 292.2 billion rupees ($5.4 billion) to boost its stake in its Indian unit to help offset slower European growth.
Unilever Plc (ULVR), the world’s second- largest consumer goods company, will spend up to 292.2 billion rupees ($5.4 billion) to boost its stake in its Indian unit to help offset slower European growth.
Market Close Report: NASDAQ Composite index closes at 3,307.02 up 27.76 points
Monday's session closes with the NASDAQ Composite Index at 3,307.02. The total shares traded for the NASDAQ was over 1.54 billion.
4/28/13
Swiss Bank Pictet’s Water Fund Boosted by Middle East Shortage
By Mahmoud Kassem
please give me comments thanks
Swiss bank Pictet & Cie.’s water fund is profiting from the Middle East’s need to buy the technology to make more seawater drinkable as companies such as Xylem Inc. (XYL) andDanaher Corp. (DHR) step up business in the region.
“The companies that we are invested in are doing more business in the Middle East,” Hans-Peter Portner, manager of the Pictet Asset Management SA’s fund, said in an interview in Abu Dhabi. “They’re selling pumps, they’re selling membranes. The region is definitely a growth market for water companies.” Arid Middle Eastern states including the United Arab Emirates, of which Abu Dhabi is the capital, rely on treatment plants to remove salt from seawater to make it drinkable. The region is estimated to need $900 billion in water infrastructure investment through 2030, Portner said. Saudi Arabia spent $1.1 billion in 2012 on 128 water and sanitation contracts in Riyadh, whose population reached about 5.2 million last year.
Pictet, the first asset management company to start such a fund in 2000, invests in publicly traded companies in the $500 billion water industry. U.S. water technology companies Danaher, Xylem and Roper are among the 10 biggest holdings in the 2.3 billion-euro fund, accounting for 6.7 percent of the total. It’s gained about 10 percent this year, according to Bloomberg data.
Xylem, the ITT Corp. spinoff whose pumps helped clear New York tunnels of floodwaters afterHurricane Sandy, said in January that it was planning to expand its business in the region by opening an office in Saudi Arabia. Danaher, which makes microscopes in addition to water-treatment systems, opened a regional headquarters in Dubai in 2011.
Desalinate Water
Masdar, the renewable energy company run by Abu Dhabi’s government, said in January that it will begin a project to desalinate water using power from renewable sources with the aim of building a full-scale plant by 2020. The U.A.E. opened a 10 billion dirham ($2.7 billion) power and water plant, the nation’s largest, and eight desalination units on April 8.
Saudi Arabia’s Minister of Water and Electricity said in January that the government had allocated $6.4 billion for water and sanitation projects in 2013.
Still, shortages in the region are forecast to spread to countries like Algeria and Morocco by 2025 as the Middle East still isn’t investing enough in water infrastructure, capturing, treatment and recycling, Portner said.
“You have a lot irrigation needs in the Middle East and for that you don’t need drinking water, it’s a waste,” he said. “If you want to play golf in the desert, you need to irrigate. You don’t need to use drinking water.”
Geneva-based Pictet is Switzerland’s largest closely-held private bank.
For Related News and Information:
To contact the reporter on this story: Mahmoud Kassem in Abu Dhabi atmkassem1@bloomberg.net
please give me comments thanks
5 Energy Stocks in the Trading Spotlight Post Earnings
Diamond Offshore Drilling Inc. (NYSE:DO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 4.96% to $1.27 in the quarter versus EPS of $1.21 in the year-earlier quarter. Revenue Decreased 5.06% to $729.74 million from the year-earlier quarter.
HDFC Bank, Hero MotoCorp Lift India Shares
By RAGHAVENDRA UPADHYAYA
MUMBAI--Indian shares were sightly higher Monday, led by gains in HDFC Bank500180.BY +0.79% and Hero MotoCorp, 500182.BY +4.10% and dealers expecting good buying support in rate-sensitive shares ahead of a central bank meeting this week.
WTI Crude Falls a Second Day as China Signals Economic Slowdown
By Ben Sharples
West Texas Intermediate crude fell a second day amid speculation that weaker-than-expected economic growth in the U.S. and a slowdown in China will curb fuel demand in the world’s biggest oil consumers.
Analysis: Tax strategy may be key to Verizon Wireless deal
By Kevin Drawbaugh and Nanette Byrnes
(Reuters) - Verizon Communications Inc's chances of buying the 45-percent stake in Verizon Wireless owned by the UK's Vodafone Group Plc will hinge, at least in part, on the quality of tax advice it is getting.
Silver Slump Lures Buyers as Waiting Time Rises in Singapore
By Chanyaporn Chanjaroen
The slump in silver this month has spurred demand for products from Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, depleting inventories and doubling delivery times.
IMF flags risks of asset bubbles, middle income trap in Asia
By Kevin Lim
SINGAPORE (Reuters) - Asia needs to guard against asset bubbles and its emerging economies must improve government institutions and liberalize rigid labor and product markets if they wish to reach the level of developed countries, the International Monetary Fund said on Monday.
Gold Climbs as Higher Physical Demand Counters Decline From ETPs
By Glenys Sim
Gold advanced, trimming the worst monthly loss since December 2011, as demand for physical metal countered outflows from bullion-backed exchange-traded products. Silver climbed.
Earnings report: good profits, bad revenues
By | Associated Press
Better profits, bad revenues: Why weaker quarterly revenues are a worrisome sign
China Plans to Raise Stock Investment Levels by Equity Funds
By Bloomberg News
China’s securities regulator plans to raise the minimum proportion equity funds should have in shares, a move that may drive investments into the worst- performing major Asian stock marketin the past year.
Asia shares edge up; markets look for central bank largesse
By Wayne Cole
SYDNEY (Reuters) - Asian shares inched ahead while the dollar lost ground as investors counted on easy money from central banks in the euro zone and United States to offset the risk of further disappointment from global economic data.
Market Close Report: NASDAQ Composite index closes at 3,279.26 down -10.73 points
Friday's session closes with the NASDAQ Composite Index at 3,279.26. The total shares traded for the NASDAQ was over 1.62 billion.
IDB Holding 2020 Bond Yield Falls Most This Year on Investment
By Sharon Wrobel
IDB Holding Corp. (IDBH)’s 2020 bonds jumped, pushing the yield down the most in almost five months, after Argentine businessman Eduardo Elsztain agreed to inject $57 million into the debt-strapped company.
2 Big Dividend Hikes
By Timothy Green
Timothy is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
Senior Housing Properties Trust Earnings Preview: Get Ahead of the Analysts
Senior Housing Properties Trust (NYSE:SNH) will report earnings before markets open on Monday, April 29th. Senior Housing Properties Trust is a real estate investment trust that owns senior living properties which are leased to unaffiliated tenants.
4/27/13
Gold Traders Most Bullish in Month as Buying Surges
By Maria Kolesnikova
Gold traders are the most bullish in a month after mints around the world said demand for bullion coins is surging and central banks added to reserves even as prices slumped the most in three decades.
The Great Rotation May Be Just a Grand Illusion
Two months' worth of investor enthusiasm took a break last week, indicating that despite continued gains, at least some apprehension remains about the stock market.
Top 5 Stocks Using GARP And YARP In Search Of Relatively Good Dividend Income Total Return
Dividend income stocks in many cases look a bit overextended. Care should be taken in selecting stocks for dividend income to include reasonable room for price appreciation too.
Why it's Best to Ignore Analysts' 'Best Picks'
By: Alex Rosenberg
First Solar had a huge day, rising 12 percent to a 52-week high. But if you were listening to JPMorgan, the move was probably a total shock. In its "Year Ahead 2013" guide, JPMorgan made a point of advising against only one stock: First Solar.
Meet the New $100 Bill, the World’s Most Popular Bank Note
By Zachary M. Seward | Quartz – Wed
The US Federal Reserve just announced that its redesigned $100 bills will go into circulation on October 8. The rollout, originally planned for 2010, was delayed by production issues with the blue ribbon that’s threaded through the note.
4/26/13
CBOE Outage No Big Deal to Retail Investors
How scared were mom-and-pop investors this week when they couldn’t trade the fear gauge? Not really scared at all.
SEC’s White Said to Push for Lifting Ban on Hedge-Fund Ads
By Dave Michaels & Joshua Gallu
U.S. Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people familiar with the matter.
Facebook CEO reaped $2.3B gain on stock options
Facebook CEO Mark Zuckerberg realized $2.3 billion gain on exercise of stock options last year
European Stocks Post Biggest Weekly Gain in Five Months
By Namitha Jagadeesh
European stocks posted the biggest weekly gain in five months as investors speculated the region’s central bank will cut rates and as companies from BASF SE to Standard Life (SL/) Plc reported better-than-expected results.
Goldman Sachs lines up $1.75 billion J C Penney loan: source
By Caleb Frazier and Alistair Barr
(Reuters) - Goldman Sachs has arranged a $1.75 billion financing package for J.C. Penney Co Inc (JCP.N), backed by the department store chain's real estate and other assets, a source familiar with the situation said on Friday.
Most U.S. Stocks Fall Amid GDP Report, Corporate Earnings
By Inyoung Hwang
Most U.S. stocks fell, with the Standard & Poor’s 500 Index paring a weekly gain, after data showed the world’s largest economy grew less than economists forecast amid disappointing earnings reports.
Most U.S. stocks fell, with the Standard & Poor’s 500 Index paring a weekly gain, after data showed the world’s largest economy grew less than economists forecast amid disappointing earnings reports.
Exclusive: Brazil's Vale says signs accord to quit Argentine Potash project
By Sabrina Lorenzi
RIO DE JANEIRO (Reuters) - Global miner Vale SA signed an agreement with the Argentine government on Friday that will allow the Brazilian company to leave the $6 billion Rio Colorado potash mining project, a company spokeswoman told Reuters on Friday.
U.K. Banks Said to Be Rattled by Regulator’s Capital Silence
By Gavin Finch & Ben Moshinsky
Britain’s new banking regulator has rattled lenders by holding off disclosing how much capital each firm will have to raise after ordering the industry to plug a 25 billion-pound ($38 billion) shortfall by the end of the year, three people with knowledge of the discussions said.
Wall St Week Ahead: Central banks, data to steer investors
By Wanfeng Zhou
NEW YORK (Reuters) - With signs of a slower economy mounting, the near-term outlook for U.S. stocks isn't rosy, but investors may find comfort next week from the world's major central banks.
Market Close Report: NASDAQ Composite index closes at 3,279.26 down -10.73 points
Friday's session closes with the NASDAQ Composite Index at 3,279.26. The total shares traded for the NASDAQ was over 1.62 billion.
4/25/13
Apple Recap: Dividend Hike, Thinning Margins, and the Better PC
By Meghan Foley
Apple’s (NASDAQ:AAPL) earnings have come and gone, and while news has circulated back into its normal cycle, analysts are still trying to work out what the company’s results really mean for its future. Despite the generally negative comments made about Apple following the earnings statement — most notably from Jim Cramer, who commented that the company’s management was in complete denial of what investors really want — shares eked out a small gain on Thursday. The stock closed up $2.92, or 0.72 percent, at $408.38. Here’s a cheat sheet to today’s top Apple stories:
First-quarter GDP seen at 3 percent but momentum ebbs
By Lucia Mutikani
WASHINGTON (Reuters) - Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in.
BOJ stands pat, to face credibility test with new forecasts
By Leika Kihara and Stanley White
TOKYO (Reuters) - The Bank of Japan will probably project on Friday that it will meet its 2 percent inflation target in two years due to its massive stimulus plan, a forecast analysts say may be too optimistic and which could put its credibility on the line.
Goldman says bond market decline is coming, but it won’t match 1994
Goldman Sachs made it clear that it thinks Treasury rates will rise when it suggested shorting 10-year Treasurys earlier this month. But what it didn’t mention was the resulting price collapse wouldn’t be that bad.
Soros reports 7.9 percent stake in Penney, shares rise
By Dhanya Skariachan
NEW YORK (Reuters) - Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co (JCP.N) on Thursday, sending shares of the struggling department store chain up more than 7 percent.
New York drops damages claim in suit against ex-AIG chief
By Jessica Dye
NEW YORK (Reuters) - New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing the former chief executive of American International Group Inc, Maurice "Hank" Greenberg, of defrauding investors, according to a letter sent by the attorney general's office on Thursday.
Asian Stocks Rise With Gold as New Zealand Dollar, Yen Advance
By Pratish Narayanan & Yoshiaki Nohara
Asian stocks rose as gold headed for its biggest weekly gain since October 2011 as companies from Bank of China Ltd. (3988) to Japan Tobacco Inc. reported earnings. The New Zealand dollar climbed and the yen was poised for its first weekly gain in four as Japan’s central bank meets.
Amazon Beats Estimates as Digital Content Pays Off
By Danielle Kucera
Amazon.com Inc. (AMZN), the world’s largest online retailer, reported operating profit that beat analysts’ estimates as investments in digital content and warehouses attracted more shoppers.
Amazon.com Inc. (AMZN), the world’s largest online retailer, reported operating profit that beat analysts’ estimates as investments in digital content and warehouses attracted more shoppers.
Top Rated Stocks
By TheStreet Ratings Staff
TheStreet Ratings' stock model compiles and examines all available financial data on a daily basis to gauge a stock's probability of moving up or down. The model scores stocks on various factors -- including growth, financial solvency, stock price performance and volatility -- which, when taken together, have shown strong correlation with future stock performance. The aim is to deliver investors with stock ideas that we feel have the best chance at delivering top risk-adjusted returns.
Gold Buyers Throng Indian Stores for Second Week on Rally
By Swansy Afonso
Gold consumers in India, the world’s biggest importer, thronged jewelry stores across the country for a second week on speculation that bullion may extend a rally after the biggest plunge in three decades.
Wall Street gains on earnings, data, but S&P record a hurdle
By Rodrigo Campos
NEW YORK (Reuters) - Stocks rose on Thursday, lifted by stronger-than-expected earnings and a large drop in weekly jobless claims.
NASDAQ Composite Index closes up .32 points for the week, rising for the 4 straight days
Thursday's session closes with the NASDAQ Composite Index 20.34 This is the 4th straight day of increase for the index. The total shares traded for the NASDAQ was over 1.96 billion.
Unilever Reports Slowest Quarterly Sales Growth in Two Years
By Matthew Boyle
Unilever, the world’s second- biggest consumer-goods company, reported the slowest quarterly growth in two years as demand in Europe was held back by weaker consumer confidence and sales of ice cream and spreads faltered.
European Stocks Are Little Changed Amid Company Earnings
By Namitha Jagadeesh
European (SXXP) stocks were little changed, following the biggest two-day advance in almost nine months, as companies from Volvo AB (VOLVB) to Bayer AG reported earnings. U.S. index futures were also little changed, while Asian shares gained.
4/24/13
Exclusive: Emergency Medical Services selects banks for IPO - sources
By Olivia Oran and Greg Roumeliotis
(Reuters) - Emergency Medical Services Corp, the largest U.S. provider of ambulance services, has selected underwriters for a $750 million initial public offering, two people familiar with the matter said on Wednesday.
StanChart-Backed Waste Manager Delays $200 Million IPO
By Sharang Limaye
Ramky Enviro Engineers Ltd., an Indian waste management company backed by Standard Chartered Plc (STAN)’s private equity unit, delayed a planned $200 million initial public offering because of tepid market conditions.
3 Financial Stock Stories For a Midweek Perusal
By Mark Lawson | More Articles
JPMorgan Chase & Company (NYSE:JPM): Current price $48.72
JPMorgan Chase and Boston Mayor Thomas M. Menino have announced that the 30th annual J.P. Morgan Corporate Challenge will continue as scheduled on June 20.
Arab Bank Must Face Trial Over Terror Attacks, Judge Says
By Christie Smythe
Arab Bank Plc (ARBK), Jordan’s largest lender, lost a bid to avoid a U.S. trial in a lawsuit brought by terrorism victims who accuse it of supporting attacks in Israel.
Asia Stocks Near Two-Year High as Investors Weigh Profit Reports
By Yoshiaki Nohara
Asian stocks rose, with the regional benchmark index touching the highest intraday level since May 2011, as investors weighed earnings reports and energy shares led gains.
Oil’s Big Five Squeezed by Crude Drop as Spending Soars: Energy
By Brian Swint
The biggest oil companies are failing to increase earnings as crude trades near a nine-month low, production wanes and costs rise.
Exclusive: Verizon eyes roughly $100 billion bid for Verizon Wireless stake
By Soyoung Kim
NEW YORK (Reuters) - Verizon Communications Inc has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone Group Plc, two people familiar with the matter said on Wednesday.
Gold Rout for Central Banks Buying Most Since 1964: Commodities
By Debarati Roy, Maria Kolesnikova & Phoebe Sedgman
Central banks bought the most gold since 1964 last year just before the collapse in prices into abear market underscored investors’ weakening faith in the world’s traditional store of value.
10 Stocks Warren Buffett Would Never Buy
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In the investing world, knowing what not to buy may be equally as important as knowing what to buy.
Market Close Report: NASDAQ Composite index closes at 3,269.65 up .32 points
Wednesday's session closes with the NASDAQ Composite Index at 3,269.65. The total shares traded for the NASDAQ was over 1.67 billion.
4/23/13
Euro Near Two-Week Low Before German Confidence Data; Kiwi Rises
By Masaki Kondo & Candice Zachariahs
The euro was 0.3 percent from a two-week low before a German report forecast to show business confidence fell in the currency bloc’s largest economy, fueling speculation theEuropean Central Bank will cut interest rates.
Wall Street jumps after recovery from Twitter-led drop
By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House.
Bernanke Peer Quits in Sweden as Inflation Targeting Tested
By Johan Carlstrom
A former colleague of Federal Reserve Chairman Ben S. Bernanke has given up trying to persuade his fellow central bankers in Sweden to cut interest rates.
