Stock Market

Dollar Rally Stalls as Traders Await S&P 500's Fate to Commit

It was a tense way to end the week. The S&P 500 - the benchmark for speculative appetites - tempered a third consecutive daily drop from record highs, while the Dow Jones FXCM Dollar Index (ticker = USDollar) failed to overtake 10,800. One of...

DailyFX, 1:38am ET

Baking bread brings kneaded therapy

I was about 11 and bored out of my mind in Greensburg, Kan., the day my grandma, Frances Loucks Peterson, taught me how to make bread. My parents would have been moving from someplace on one coast to someplace on the other coast during my...

McClatchy-Tribune Informa, 10:18pm ET

News Analysis: Integration key in transforming African economies

As the African Union (AU) commemorates 50th anniversary and refocuses its agenda for the coming years, the integration of the continent's economies is seen as a vital element which should be pursued vigorously. While efforts have been...

Xinhua, 9:53am ET

Post Earnings Update: Pegasystems Has Climbed 21.3% Higher in Past 2 Weeks (PEGA)

19 days ago, on May 6th, 2013, Pegasystems (NASDAQ:PEGA) reported its earnings. Analysts, on average, expected earnings of $0.22 per share on sales of $118.2 million. Pegasystems actually reported earnings of $0.33 per share on sales of $116.2...

Financial News Network On, 9:13am ET

Are We at the Long-Awaited Shift in Risk?

All the hallmarks of a souring of risk appetite popped up last week: a drop from equities, yen crosses easing, dollar advancing, volatility on the rise... Yet we have been here many times before were the specter of fear simply evaporates. Will...

DailyFX, 2:08am ET

Mayor-elect Eric Garcetti enters office amid tempered expectations

City Councilman Eric Garcetti won the first L.A. mayor's race since the Great Recession with a simple message: telling voters he'd solve their basic problems. Instead of promises to hire cops, Garcetti offered more muted goals, telling...

McClatchy-Tribune Informa, 9:33pm ET

$465m convertible bonds from NBAD

The National Bank of Abu Dhabi, or NBAD, has issued $465 million senior unsecured convertible bonds for general purposes and to benefit from attractive yield. The bonds, due in 2018, was increased from an initial amount of $350 million...

McClatchy-Tribune Informa, 8:48pm ET

Six-day surge ends at Tadawul

The Saudi stock market was in the red yesterday, reversing after a 6-day surge and dropping more than 29 points for the day. The Tadawul All-Share Index (TASI) dived in the south earlier yesterday and spending entire session in the...

McClatchy-Tribune Informa, 7:28pm ET

Value of Kingdom's construction contracts exceeds SR 49 bn in Q1

The magnitude of contracts within the construction sector continues to illustrate the Kingdom's appetite for heavy capital expenditures as about SR 49.1 billion worth of contracts were awarded during the first quarter of 2013. The focus...

McClatchy-Tribune Informa, 7:28pm ET

African Union Must Do More for Peace

"My husband and older son, unable to cope with the war, became mentally ill. Two of my sons became child soldiers and an eight-year-old daughter was abducted - they were never to be seen again," Mariamu Dong says, referring to the 21-year civil...

All Africa Global Media, 9:38am ET

Stifel Financial Earnings In Retrospect: Up 0.7% in the Last 16 Days (SF)

When Stifel Financial (NYSE:SF) reported earnings two weeks ago on May 9th, 2013, analysts, on average, expected the company to report earnings of $0.57 on sales of $450.3 million. The company actually reported EPS of $0.58 on sales of $453.2...

Financial News Network On, 9:23am ET

Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago BioScrip Is Down 4.6% (BIOS)

Two weeks ago on May 8th, 2013 BioScrip (NASDAQ:BIOS) reported earnings and analysts, on average, expected earnings of $0.03 on sales of $188.6 million. BioScrip actually reported earnings of $0.04 per share on sales of $199.1 million, beating...

Financial News Network On, 9:18am ET

Green Mountain Coffee Roasters Earnings In Retrospect: Up 20.9% in the Last 17 Days (GMCR)

17 days ago, on May 8th, 2013, Green Mountain Coffee Roasters (NASDAQ:GMCR) reported its earnings. Analysts, on average, expected earnings of $0.73 per share on sales of $1.0 billion. The company actually reported EPS of $0.92 on sales of $1.0...

Financial News Network On, 9:18am ET

Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago Regis Is Down 1.6% (RGS)

When Regis (NYSE:RGS) reported earnings two weeks ago on May 7th, 2013, analysts, on average, expected the company to report earnings of $0.13 on sales of $520.0 million. The company actually reported EPS of $0.01 on sales of $504.9 million,...

Financial News Network On, 9:08am ET

Energy Transfer Equity Earnings In Retrospect: Up 0.6% in the Last 17 Days (ETE)

Two weeks ago on May 8th, 2013 Energy Transfer Equity (NYSE:ETE) reported earnings and analysts, on average, expected earnings of $0.53 on sales of $11.1 billion. Energy Transfer Equity actually reported earnings of $0.60 per share on sales of...

Financial News Network On, 9:03am ET

TransDigm Earnings Review: 18 Days after Announcement Shares Down 2.1% (TDG)

18 days ago, on May 7th, 2013, TransDigm (NYSE:TDG) reported its earnings. Analysts, on average, expected earnings of $1.73 per share on sales of $468.5 million. The company actually reported EPS of $1.74 on sales of $465.6 million, beating EPS...

Financial News Network On, 9:03am ET

Nation's Current Account Deficit Widens Further

Kenya's imports value is growing at a faster rate than its exports, worsening her balance of trade. The Economic Survey 2013 shows the worth of imports increased to Sh1.37 trillion in 2012, slightly higher than Sh1.30 trillion in 2011. Trade...

All Africa Global Media, 8:23am ET

Chesapeake Energy's new CEO Doug Lawler in line to get $18 million in first year

Chesapeake Energy Corp.'s new chief executive could receive $18 million or more in total compensation over his first full year in the job replacing founding CEO Aubrey McClendon, the Oklahoma City-based company reported. Doug Lawler's...

McClatchy-Tribune Informa, 8:18am ET