06 Jan 2013 @ 14:43
President Barack Obama has said that failure by the United States government to reach an agreement on further raising the nation’s debt ceiling would lead to “catastrophic consequences”. The Democratic president faces the challenge of reaching an agreement with Republican majority in the House of Representatives, with the Unites States Senate currently under Democratic control, but […]
04 Jan 2013 @ 17:17
Citigroup Inc. (
NYSE:C): The stock has been upgraded by JMP Securities. Its earlier rating stood at Underperform and it now has been elevated to Market Perform.
04 Jan 2013 @ 13:50
Transocean (
NYSE:RIG) announced late yesterday that it had reached a settlement with the US Department of Justice for its part in the 2010 Deepwater Horizon tragedy in the Gulf of Mexico. That’s right. BP has not been the only deep pocket company that the DOJ has pursued. Transocean is the owner of record for the […]
03 Jan 2013 @ 17:28
Hormel Foods Corporation (
NYSE:HRL): The company announced that it would purchase Skippy, the No.2 peanut butter brand in the US. The deal is likely to be worth $700 million.
03 Jan 2013 @ 12:48
Ratings agency Standard and Poor’s has called for the US government to address its budget problems following a temporary agreement over the “fiscal cliff”. Arguing that “Washington’s governance and policymaking had become less stable” Standard and Poor’s cited recent events as demonstrating that current budget governance was “less stable, less effective and less predictable”. The […]
02 Jan 2013 @ 15:47
Giant Interactive Group Inc. (NYSE:GA): The stock trades at low P/E ratio of 6.5 and it appreciated 32.6 percent in past 52 weeks. Giant Interactive Group is involved in the business of developing and marketing online games. It is based out of the Peoples Republic of China.
31 Dec 2012 @ 17:58
Duff & Phelps Corporation (
NYSE:DUF): The company has agreed to be taken private by a consortium led by Carlyle Group. The entire deal is worth $665.5 million and the company stock is valued at $15.55 per share. It is currently trading at $15.77, up 20.84 percent.
28 Dec 2012 @ 18:37
Research in Motion Limited (NASDAQ:RIMM): The Canadian telecom company announced the sale of NewBay unit as a part of its restructuring plans. The company had bought the unit for $100 million and the sales deal is reported to have been struck at $55.5 million.
28 Dec 2012 @ 15:10
Platinum miner Lonmin (
LSE:LMI) had asked Kris Kringle for only two things for Christmas: platinum in its stocking and peace on earth, especially at its Marikana mining site in South Africa. Given the rough year that Lonmin had in 2012, it didn’t seem too much to ask. With the economy being as it is, Santa […]
27 Dec 2012 @ 14:35
Gold has been performing well for quite some time now. If you are looking to diversify your investment and planning to venture beyond equities and mutual funds, then commodities is the way to go.