May 15 (Reuters) – Worried that if you buy Facebook when it
starts trading Friday you’ll get trampled by big banks and hedge
funds? Betting on where the stock closes that day may be a safer
Intrade, the online prediction market where investors can
bet on numerous events, from movie box office receipts to the
U.S. presidential election, started a contract Tuesday for bets
on where shares of Facebook will close on Friday, their
first day of trading.
(Reuters) – Hedge fund managers are bracing for selling pressure in shares of Wal-Mart Stores Inc on Monday, but market experts said it is the retail giant’s less visible Mexican unit that could be the more attractive target for short sellers.
The New York Times reported on Saturday that Wal-Mart de Mexico, which is 69 percent owned by Wal-Mart Stories Inc, had orchestrated a widespread bribery campaign in 2005 to win market dominance. The investigative article alleged that senior Wal-Mart executives knew about the matter and tried to cover it up.
NEW YORK, April 20 (Reuters) – U.S. stocks rose on Friday,
putting the S&P 500 on pace for its biggest weekly gain in the
past five weeks, led by solid earnings from McDonald’s, General
Electric and Microsoft.
General Electric Co’s results drove buying in
industrial shares, which led the market on Friday. The company
expects double-digit earnings for the year, Chief Executive Jeff
Immelt said, helping shares rise 1.8 percent.
NEW YORK/TOKYO, April 6 (Reuters) – World stock markets look
poised to fall early next week and safe-haven government debt
prices could rally after U.S. employment figures fell short of
expectations on Friday.
The MSCI All-County World Index has dipped
2.9 percent after hitting an eight-month high on March 27.
Concerns about slower growth in the United States and China,
along with a revival of worries about the euro-zone debt crisis,
have reduced appetite for stocks.
NEW YORK/TOKYO (Reuters) – Stock futures fell more than 1 percent and Treasuries prices rallied in a holiday-thinned session on Friday following disappointing U.S. job growth for March.
Payrolls grew by 120,000 in March, far below the expected gain of 203,000 jobs.
Trading volumes were light because of the Good Friday holiday and market closings in Europe, and Treasuries rallied sharply, with the benchmark 10-year note gaining 26/32 to drop its yield to 2.10 percent.
NEW YORK, April 6 (Reuters) – U.S. stock futures closed
lower on Friday in brief, holiday-thinned trading after a much
weaker-than-expected report on U.S. job growth for March.
Trading volumes were light because of the Good Friday
holiday and market closings in Europe. S&P 500 futures
fell 1.2 percent, suggesting a weak open on Monday as the cash
market is closed Friday.
NEW YORK/TOKYO, April 6 (Reuters) – U.S. stock futures fell
more than 1 percent and Treasuries prices rallied in a
holiday-thinned session on Friday following disappointing U.S.
job growth for March.
U.S. payrolls grew by 120,000 in March, far below the
expected gain of 203,000 jobs.
Harrisburg, Pa (Reuters) – The receiver appointed to oversee the finances of cash-strapped Harrisburg, Pennsylvania, unexpectedly resigned after just four months on the job, throwing into disarray plans to help the city deal with its debt problems.
David Unkovic was appointed in December to help Harrisburg, the state’s capital, work through $317 million of debt incurred by cost overruns from the upgrade of the city’s incinerator.
(Reuters) – Some public agencies that rely on the municipal bond market for financing fear that a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for crucial services.
The Volcker Rule was designed to curb the risks that banks take with depositor dollars, a practice known as proprietary trading. But the rule risks ensnaring public agencies ranging from housing agencies to hospital authorities because the way muni bonds are sold and traded results in banks risking their own capital — the very practice banned under the Volcker Rule.
NEW YORK, Feb 7 (Reuters) – Goldman Sachs Asset
Management, the asset management arm of Goldman Sachs is
buying $42 billion Dwight Asset Management Company LLC from Old
Mutual Asset Management, the company confirmed after Reuters
reported the deal.
Terms of the deal, which is expected to close in the second
quarter of 2012, were not disclosed.