US stocks rallied on strong results from International Business Machines Corp, reversing the oversold markets. The Dow Jones Industrial Average tacked on 171.85 points, or 1.36 percent, to 12,778.15; the Nasdaq Composite climbed 38.36 points, or 1.57 percent, to 2,478.30; and the S&P 500 rose 15.23 points, or 1.09 percent, to 1,416.25. Read More
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US stocks opened sharply lower today on write-downs for financials, including American Express Co and Merrill Lynch & Co. The Dow Jones Industrial Average plunged 246.79 points, or 1.92 percent, to 12,606.30; the Nasdaq Composite shed 48.58 points, or 1.95 percent, to 2,439.94; and the S&P 500 knocked off 19.31 points, or 1.36 percent, to 1,401.02. Read More
One of our Nibblers announced its filings to issue additional shares of both common and convertible preferreds. The goal is to raise some $200 million in additional capital to fund the expansion of the mortgage lending and portfolio management business. Read More
US stocks turned higher despite disappointing retail sales reports for the biggest shopping month of the year following Federal Reserve Chief Ben Bernanke’s remarks indicating that the central bank will further cut interest rates to help provide insurance on downside risks. Read More
Sterling Construction completed a secondary offering of 1.6 million shares at $20 per share in late December. Read More
The US Congress passed an energy bill in the waning hours of 2007, renewing all existing incentives aimed to promote alternative and renewable energy technologies. As outlined on p. 3, the bill also included new incentives for biofuels, nuclear and clean coal technologies. Read More
Despite slowing demand from the US, global steel consumption is on the rise; emerging markets continue their rapid economic expansion. Read More
On Dec. 18, the Claymore/AlphaShares China Real Estate ETF listed on the New York Stock Exchange (NYSE) under the symbol TAO. Read More
Shanghai, China--With China’s economy growing at 11.5 percent annually, it doesn’t take a finance degree to know that this is a market in which you must invest. Read More
The markets are often slow on the uptake regarding the real businesses behind stocks. But what would be the point in doing any research if everything is fully priced and fully valued? Read More