Search Results for: Trading
Shire says ready to recommend AbbVie’s $53 billion offer
July 14th, 2014
London-listed drugmaker Shire said on Monday it was ready to recommend a new 31 billion pounds ($53 billion) takeover offer from AbbVie, entering talks after receiving a fifth bid from the U.S. firm. Chicago-based AbbVie, which wants to buy ...
Whiting To Buy Kodiak For $3.8 Billion, Create No. 1 Bakken Producer
July 14th, 2014
Whiting Petroleum Corp. said on Sunday it would acquire Kodiak Oil & Gas Corp. for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations, eclipsing Harold Hamm’s Continental Resources Inc. . By ...
Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns
July 14th, 2014
Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. Banco Espirito Santo SA ...
Goldman Stays Gold Bear as Bullish Wagers Increase: Commodities
July 14th, 2014
Goldman Sachs Group Inc.’s Jeffrey Currie isn’t backing down from his bearish call on gold. As bullion’s 11 percent rally this year beats gains for equities, commodities and Treasuries, he’s sticking with the view that the metal will be ...
Asian stocks rebound after portuguese bank scare
July 14th, 2014
Asian stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe. Oil edged up to stay above $100 after tumbling more than ...
Asian shares nudge higher, oil nurses losses
July 14th, 2014
Asian shares rose on Monday as euro zone banking jitters faded, but investors remained cautious ahead of corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve. MSCI’s broadest index of ...
Tech earnings may boost market in flux
July 14th, 2014
Move over, underperforming banking sector. This week, major players in the tech space will report second-quarter results, and it could be a boost to a direction-seeking market in flux. Analysts project the tech sector will have a 12.3% growth ...
UAE regulator approves new brokerage companies’ regulation
July 14th, 2014
The board of directors of the UAE’s Securities and Commodities Authority, SCA, has approved a new regulation for brokers and amended two other regulations. The new 34-article regulation classifies brokerage firms into (1) those which engage in trading only ...
Dark pool scrutiny no slam dunk for traditional exchanges
July 14th, 2014
The regulatory noose is tightening around dark pools, private share-trading venues that promise anonymity for specialist investors, offering a chance for rival exchanges in the United States and Europe to take back market share. But traditional stock-exchange operators such ...
Shares of tiny Facebook rival wannabe halted
July 11th, 2014
A little known company that’s turned into a strange sensation on Wall Street saw its shares get halted Friday. Cynk Technology, a company that claims to be building “social network business” that trades on the lightly supervised Pink Sheet ...
