For The Professional Investor
Yahoo! Inc. (YHOO)’s Chief Executive Officer Marissa Mayer has made headlines again, but this time not about her work ethics or quirky personality. Mayer is firing one of Yahoo’s top people, Henrique de Castro, who has been the Chief Operating Officer for the company for the past 14 months due to disappointment with his attempts […]
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Samsung Electronics Co. (005930) has recently experienced a $28-billion loss in a stretch of only six weeks, and the stock’s most accurate forecaster expects the drop to deepen as Apple Inc. (AAPL) and Chinese competitors bite off greater chinks of the market. Samsung, which is based in Suwon, South Korea, saw its shares plummet 13 […]
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Portugal put 80 percent of Caixa Geral SA insurance unit on sale and Chinese Fosun International Ltd. (656) won the bid for its purchase at 1 billion euro ($1.36 billion) over U.S. Apollo Management International LLP firm. According to the Portuguese Secretary of State for Finance Manuel Rodrigues, Fosun International will complete the purchase in […]
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JPMorgan Chase & Co has agreed to a $2.6 billion deal with the U.S. government and Bernard Madoff victims relating to allegations that the bank failed to notify authorities about its suspicions of fraud at Madoff’s fund. According to government prosecutors, the bank did not at any point notify them of their doubts, even as […]
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We always stress the importance of fundamental analysis on our main website and informative videos we produce for our traders and followers, but today’s news illustrates the importance of this aspect of binary options trading in a grand real-life paradigm of immense proportions. One of the major market moving events of 2013 had been the […]
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The Federal Reserve’s decision earlier this month to begin tapering its economic stimulus boosted European shares for a second day, sending them well on their way from their biggest weekly advance since April. U.S. stock-index futures and Asian shares show little movement. Goldman Sachs Group Inc. advised buying shares of Telenet Group Holding NV sending […]
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Another Fed decision, another craze on the market. It seems to be becoming a trend this month that every time the Fed meets or one of the policy makers speaks the markets go hay-wire as investors and speculators wage bets on the future of U.S. economy. The FOMC has been in meeting since yesterday and […]
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Why would you ever want to buy stocks with worst-track performance on both earnings and dividends? According to the head of U.S. equity strategy at Bank of America Corp.’s Merrill Lynch unit, Savita Subramanian, because they are set to beat their best-performing peers next month. To reach this conclusion Subramanian monitored the performance gap between […]
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The next Federal Reserve meeting is taking place next week fuelling speculations that stimulus cut begin as early as next next which caused the second consecutive drop in the Standard & Poor’s 500 Index. Cisco Systems Inc. dropped 1.6 percent while Laboratory Corp. of America Holdings plummeted 11 percent following a profit forecast that did […]
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Nokia Oyj (NOK1V) has been trying to transfer a factory in India to Microsoft Corp. (MSFT) but has ran into problems with local tax authorities that have frozen the deal. Nokia appears ready now, however, to sell out at least 355 million euros ($487 million) to Indian authorities to effect the transfer, according to reports […]
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