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Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Investors are turning to private exchanges, like Second Market and SharesPost, to buy shares of non-public companies such as Facebook or Twitter. This is causing the SEC to take notice.
In terms of the next cycle, there will be M&A and equity underwriting, Brad Hintz, the former CFO of Lehman Bothers in the late '90s and current senior analyst at Sanford Bernstein, told CNBC on Wednesday.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
U.S. stock index futures edged higher ahead of the open Wednesday as investors braced for an auction of government debt following a weak Treasury auction in the previous session.
Facebook likes big numbers — it now has more than 500 million users, each one of whom can have as many as 5,000 friends. Yet as a privately held company, its ownership base must remain small, or it will have to disclose publicly its financial results, the New York Times reports.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
U.S. stock index futures were higher and largely unchanged after a report showing housing prices remain lower over the past year.
The Bank of Nova Scotia is sometimes praised for having a nearly perfect record with its investments in the United States. But it is the only one of Canada’s five large banks that has largely avoided the American market, the New York Times reports.
A red-hot trading market has developed in the shares of the world’s leading private companies. Now, the SEC wants to learn more about this business. The New York Times reports.
The European Central Bank increased its intervention in government bond markets last week, indicating that the euro’s monetary guardian remained wary of an escalation of the eurozone debt crisis, reports the Financial Times.
Stocks ended mixed after trading in a narrow range amid a quiet pre-Christmas session following several economic reports that were mostly in line with expectations. Alcoa rose, while Bank of America fell.
Stocks turned negative Thursday afternoon amid a quiet pre-Christmas trading session following several economic reports that were in line with expectations. BofA and Walt Disney fell, while Alcoa rose.
Stocks continued to trade mixed in a quiet pre-Christmas session after several economic reports were largely in line with expectations, confirming the economy continues to improve, although slowly. Alcoa and HP rose, while BofA fell.
The "Fast Money" traders examine private equity's interest in retail and more.
America is now officially worried about a municipal bond meltdown. In a piece called ‘Day of Reckoning,’ CBS 60 Minutes showcased financial analyst Meredith Whitney’s bold prediction that we will see “50 to 100 sizable [muni] defaults...more. This will amount to hundreds of billions of dollars of defaults.” It’s a frightening forecast.
General Electric said Thursday it expects its deal with Comcast to close in January, instead of by year's end, as previously expected.
Stock index futures pointed to mixed open for Wall Street on Thursday with the weekly jobless claims report in the spotlight with thin trading ahead of Christmas Eve.
*Convicted of illegally trading Dell, Nvidia shares. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of hedge fund Level Global Investors, had been set to begin prison sentences later this summer.
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.