28 May, 2014 by The TZ Newswire Staff Comments Off on Wednesday’s Top Upgrades (and Downgrades)
Wednesday’s Top Upgrades (and Downgrades)
28 May, 2014 by The TZ Newswire Staff Comments Off on NYPD Prepares To Use Drones As CA License Plate Readers Stir Controversy
NYPD Prepares To Use Drones As CA License Plate Readers Stir Controversy
Submitted by Mike Krieger of Liberty Bitzkrieg blog,
28 May, 2014 by The TZ Newswire Staff Comments Off on S&P 500 falls shy of a record, breaks four days of gains
S&P 500 falls shy of a record, breaks four days of gains
The benchmark index had gained for four straight sessions as investors’ appetite for equities has been buoyed by supportive U.S. economic data recently and expectations of monetary easing by the European Central Bank. “We are due for a sideways trending market for a short while, a period of consolidation following a four-day rally and also with the broad equities being at or near all-time highs,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. It was the S&P 500’s best-performing sector.
28 May, 2014 by The TZ Newswire Staff Comments Off on Valeant injects cash into bid for Botox maker Allergan
Valeant injects cash into bid for Botox maker Allergan
Valeant’s sweetened offer values Allergan at about $49.9 billion, based on 303.5 million shares outstanding. Valeant’s New York-listed shares dropped 1.7 percent in midafternoon to $127.61, while Allergan stock lost 4.5 percent to $157.67. Valeant raised its cash component to $58.30 per Allergan share, compared with its previous offer of $48.30. The stock component remains at 0.83 of a Valeant share for each Allergan share.
28 May, 2014 by The TZ Newswire Staff Comments Off on GE strengthens hand in Alstom battle with pledge on jobs
GE strengthens hand in Alstom battle with pledge on jobs
General Electric (GE) (GE.N) strengthened its position in the battle for the power arm of French group Alstom (ALSO.PA) on Wednesday with a pledge to create new jobs in France and recognition from Paris that it had made a more acceptable offer. GE Chief Executive Jeff Immelt promised 1,000 new engineering and manufacturing jobs within three years of a deal when he met French President Francois Hollande in the morning, said two sources close to the talks who asked not to be named because the matter has not been announced by the U.S group.
28 May, 2014 by The TZ Newswire Staff Comments Off on Leaders Flourish Despite Indexes’ Mild Retreat
Leaders Flourish Despite Indexes’ Mild Retreat
Stocks caught their breath Wednesday, a day after the Nasdaq posted a follow-through to end a relatively mild correction. Some leading stocks refused to pause and instead ran higher. The Nasdaq composite dropped less than 0.3%. Volume fell slightly. That’s ideal market action after Tuesday’s 1.2% advance in heavier trade.
28 May, 2014 by The TZ Newswire Staff Comments Off on Top Stocks Rise; Qihoo, Kors Get Earnings Boost
Top Stocks Rise; Qihoo, Kors Get Earnings Boost
The leading stocks from IBD’s 33 sectors turned in another strong performance Wednesday, with a couple of leaders getting a boost from strong earnings reports. Qihoo 360 Technologies (QIHU) was the biggest gainer, rising 5.16, or nearly 6%, to 95.14 in more than double its average daily trade.