23 September, 2014 by The TZ Newswire Staff Comments Off on Salix, Actavis Hit New Highs On Heightened Deal Chatter
Salix, Actavis Hit New Highs On Heightened Deal Chatter
Pickings were slim in the new-high list Tuesday as the S&P 500 extended its losing streak to three sessions. Salix Pharmaceuticals (SLXP) jumped 9.34 to 169.17 after speculation heated up that the drugmaker is close to being bought by Allergan (AGN). Allergan is trying to thwart a hostile takeover by Valeant Pharmaceuticals (VRX).
23 September, 2014 by The TZ Newswire Staff Comments Off on European Stocks Fall Most In 11 Weeks; CAC-40 Off 1.9%
European Stocks Fall Most In 11 Weeks; CAC-40 Off 1.9%
European stocks fell the most in 11 weeks as health care companies tumbled amid concern tougher American tax rules will erode their takeover appeal and as manufacturing growth slowed in the euro area. All the 19 industry groups on the Stoxx Europe 600 Index declined. Shire (SHPG) and AstraZeneca (AZN) each lost more than 2% after the U.S. made it harder for companies to move their tax base abroad.
23 September, 2014 by The TZ Newswire Staff Comments Off on Consumer Specialty Stocks Showing Strength
Consumer Specialty Stocks Showing Strength
Dropouts and slackers have noted that if Americans ever stop buying gadgets and junk, the whole economy will collapse. The robust action among the Consumer Products-Specialty stocks this year suggests there is no danger of voluntary poverty suddenly seizing the nation. Overall, consumer specialty stocks are up 17% this year, roughly doubling the gains in the indexes.
23 September, 2014 by The TZ Newswire Staff Comments Off on New System Launches To Classify Strategic Beta ETFs
New System Launches To Classify Strategic Beta ETFs
What’s new in the world of exchange traded products? Here are some highlights from the fifth Morningstar ETF conference, held last week in Chicago: Classifying Strategic Beta Morningstar on Wednesday introduced a classification system to help investors better navigate strategic or smart beta products. These investments track indexes, seeking to improve performance or lower the risk level relative to a standard benchmark.
23 September, 2014 by The TZ Newswire Staff Comments Off on Facebook, Other Sector Leaders Buck Market Turbulence
Facebook, Other Sector Leaders Buck Market Turbulence
A handful of leading stocks are holding up well even though the market’s uptrend has once again come under pressure. Ambarella (AMBA), a designer of chips for surveillance and wearable sports cameras, led the way by jumping 1.39, or 4%, on Tuesday to an all-time high of 40.98. The stock is extended after a recent breakout over a 33.91 buy point.
23 September, 2014 by The TZ Newswire Staff Comments Off on Can Paychex Keep Rolling Out Growth?
Can Paychex Keep Rolling Out Growth?
Paychex (PAYX) reports fiscal first-quarter earnings Wednesday morning with analysts predicting a continuation of the slow but steady growth the company has been experiencing. The company has reported 16 straight quarters of growth, although most of it has been in the single digits. Only two of those quarters were in the teens on a year-over-year basis.
23 September, 2014 by The TZ Newswire Staff Comments Off on Personal Finance Daily: How to get the lowest Thanksgiving airfare
Personal Finance Daily: How to get the lowest Thanksgiving airfare
Last year’s data shows airfare rates will dip in a few weeks.
read more