Chinese burn for German carmakers
Germany’s stalwart stability is being seriously buffeted by an economic slowdown in China, which is hitting companies in the German Dax. The FT’s Ralph Atkins looks at Germany’s exposure to China and what this means for Eurozone policymakers.
Roche halts diabetes drug trial in blow to pipeline
[Reuters - UK Focus] – Roche will stop development of a drug for treating diabetes partly due to its undesired side effects, marking a high-profile setback for the Swiss company outside its cancer drug comfort zone. The diabetes …
[$$] Lenovo Takes PC Sales Crown From H-P as Market’s Slump Worsens
[at The Wall Street Journal] – PC Shipments Drop 11% in Second Quarter
Foot Locker, Inc. Completes Acquisition of Runners Point Group
[PR Newswire] – NEW YORK, July 10, 2013 /PRNewswire/ — Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it has completed its previously announced acquisition of Runners …
4 Stocks Underperforming Today In The Electronics Industry
[at TheStreet] – TheStreet highlights 4 stocks pushing the electronics industry lower today.
Stock futures rise on Bernanke rate comments
[at MarketWatch] – Stock futures, exchange-traded funds following major indexes rise in after-hours session as Federal Reserve Chairman Ben Bernanke said interest rates will remain low for a while..
IAC’s Diller Says Aereo Is Not a Threat to Anyone
[at Bloomberg] – July 10 (Bloomberg) — Barry Diller, the billionaire chairman of IAC/InterActiveCorp, talks about suits tied to the online TV service Aereo Inc. IAC/InterActive Corp. provided a round of financing for …
KLA-Tencor Names New CFO
[at Motley Fool] – Mark Dentinger soon to depart, to be replaced by finance veteran Bren Higgins.
Doritos Jacked Brand and WWE® Reward Fans With Two Ultimate Summer Experiences
[PR Newswire] – PLANO, Texas and STAMFORD, Conn., July 10, 2013 /PRNewswire/ — The Doritos brand and WWE (NYSE:WWE) are stepping into the ring together this summer to celebrate the over-the-top, big and bold eating experience …
[AP] – ___ AP IMPACT: Post-recession, higher education paths diverge Determined to learn their way out of the Great Recession — or eager to rise above the deprivation of developing lands — unprecedented millions …
[Business Wire] – Kayne Anderson MLP Investment Company announced the pricing of a public offering of common stock. The Company agreed to sell a total of 6,200,000 shares at a price of $36.00 per share .
Widows And Orphans Midday Report (7/10/13)
WINNERS SymbolCompany NamePricePrice Chg.Price % Chg.Volume (000)Volume % Chg.HLFHerbalife Ltd$50.501.603%1,88596%WACWalter Investment Mgmt$32.590.823%694111%DHYCredit Suisse Hi Yld Bd$2.990.062%36947%XINXinyuan Real Estate Ads$4.230.072%75-47%PBIPitney-Bowes Inc$14.470.222%1,162-32%LMTLockheed Martin Corp$111.141.571%557-26%GRMNGarmin Ltd$35.560.391%305-28%SCCOSouthern Copper Corp$27.010.271%588-20%SISiemens A G Adr$104.780.971%695363%MSFTMicrosoft Corp$34.590.241%13,548-27%LOLorillard Inc$46…
Icahn and Gabelli Love This Stock
[Talking Numbers] – http://d.yimg.com/hd/cnbc2/lotus/1373476385713_197_21y33S5bAxgq1_5_0.jpg?a=cnbc2&c=0538d26acc4d9784f36e55b28ac32492&mr=0&s=8d313bc206ba57f4054d74b199fc7da7
Wholesale inventories fall, likely drag on GDP growth
[Reuters] – U.S. wholesale inventories fell in May by the most in a year and a half, the second straight monthly decline and a sign that restocking by businesses could weigh against economic growth in the second quarter. …
Chevron Issues Interim Update for Second Quarter 2013
[Business Wire] – SAN RAMON, Calif.–(BUSINESSWIRE)– Chevron Corporation (NYSE: CVX) today reported its interim update, which contains industry and company operating data for the first two months of the second quarter. …
Apple colluded on e-book prices, judge finds
[Reuters - UK Focus] – In a sweeping rejection of Apple Inc’s strategy for selling electronic books on the Internet, a federal judge ruled that the company conspired with five major publishers to raise e-book prices. U.S. District …
Are Mortgage REITs Destabilizing Interest Rates?
[at Motley Fool] – Large sales of MBSes by mortgage REITs may be pushing mortgage rates higher.
Mortgage REITs: Use The Sell-Off To Buy Yield And Stability
[at Seeking Alpha] – Back on May 30th, I wrote an article entitled “mREITs – Where From Here?” in which I went through the interest rate sensitivities of the various mREIT portfolios. Since that time, the mREIT market …
Composite Portfolio Midday Report (7/10/13)
IndexesNASDAQ Composite +0.11%,S&P 500 -0.15%Russell 2000 -0.18%Dow Jones Industrial Average -0.19%PortfoliosWidows and Orphans +0.11%Pretty Girls and Railroads -0.05%Climbers and Dogs -0.10%Cumulative -0.01%News for companies in your portfoliosUS judge rules Apple conspired to raise ebook pricesJul 10 2013 14:36 BSTApple conspired to raise the price of ebooks, a US federal judge has ruled. The ruling by District Judge Denise Cote on Wednesday morning paves the way for a trial for damages against the iPhone maker…
Applied Reaches New 52-Week High (AMAT)
[at TheStreet] – Applied Materials (Nasdaq:AMAT) hit a new 52-week high Wednesday as it is currently trading at $16.12, above its previous 52-week high of $16.09 with 7.7 million shares traded as of 10:26 a.m. ET. Average …