Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.
The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.
Canadian regulators are proposing new guidelines to govern how investment dealers advertise and communicate with clients on popular social media such as Facebook, Twitter and blogs.
Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.
Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.
High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
Kenya's Centum Investment Co is poised to tap the booming property market in east Africa to meet the growing demand of the bulging middle class, its chief executive officer said on Tuesday.
Mauritian holding company Ireland Blyth said it still expected improved full-year results, when posting a 68 percent fall in first-half pretax profit on Tuesday.
World stocks and oil prices ebbed from recent highs on Tuesday after China raised interest rates for the second time in just over a month, spurring worries of the hike's impact on global economic demand.
This is a world obsessed with demand...[and] many central banks' policy settings are very, very loose...making for serious inflationary pressures, UBS said. The outlook for food prices is that they could rise exponentially from here if we were to see another shock. There's no buffer right now.
The top pre-market NASDAQ stock market gainers are: Conexant Systems, Herley Industries, Exide Technologies, Vical, and Motricity. The top pre-market NASDAQ stock market losers are: ADDvantage Technologies Group, PennantPark Investment, Breitburn Energy Partners, Allot Communications, and Glu Mobile.
Newmont Mining Corporation (NEM.N) expects to more than double its African gold production to 1.2 million ounces by 2015, driven by its projects in Ghana, a senior executive said on Tuesday.
Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
The top after-market NYSE gainers on Monday are: International Coal Group, Aspen Insurance Holdings, New York Times, Harry Winston Diamond and Elan Corp. The top after-market NYSE losers on Monday are: Triangle Capital, One Liberty Properties, Principal Financial, FMC Corp and Becton.
The top after-market NASDAQ stock market gainers are: Exide Technologies, Herley Industries, Conexant Systems, CSP, and WSB Holdings. The top after-market NASDAQ stock market losers are: Glu Mobile, SunPower, Breitburn Energy Partners, PennantPark Investment, and Kratos Defense & Security Solutions.
British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Gold prices inched up on Monday, underpinned by inflation concerns, but a more optimistic economic outlook and worries about interest rate hikes kept bullion from rising further.
Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
Republican Governor Rick Scott, who was just elected last November in a very close race, unveiled a budget that envisions $5 billion in spending cuts and almost 9,000 jobs slashed from the public sector.
