The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes.
Private equity firm TPG has hired three banks to lead manage an IPO of Australia's top department store Myer Group, sources with direct knowledge told Reuters on Tuesday, valuing Myer at about $2.1 billion. The IPO, the biggest initial public offer on the Australian stock exchange since the credit crisis took hold two years ago, underscores a return of confidence in the market and heralds a wave of new listings.
A federal judge on Tuesday ordered the U.S. Securities and Exchange Commission to do a better job of explaining why it did not pursue allegations that Bank of America Corp lied in its proxy statement about its approval of bonuses for Merrill Lynch & Co employees.
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, in what one analyst referred to as a dash for trash.
Momentum measures the amount that a financial instrument's price has changed over a given timeframe. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction. Momentum can also indicate short-term market extremes referred to as overbought and oversold levels. A bullish signal is generated when the Momentum rises above 0 and a bear...
The Stochastic Oscillator is plotted on a scale from 0 to 100. The upper and lower lines (marking the overbought and oversold levels) are at the 80 and 20 levels.
Developed by J. Welles Wilder and introduced in his 1978 book, New Concepts in Technical Trading Systems, the Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock's recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, with all four rallying on little news.
President Nicolas Sarkozy unveiled new rules for French banks to limit traders' bonuses on Tuesday and said he would fight to persuade other G20 leaders to adopt the same position.
Holders of a $650 million Islamic bond issued by a unit of troubled Saudi firm Saad have been asked to vote on dissolving the sukuk, trustee Citi (C.N) said on Tuesday.
U.S. securities regulators are examining weekly meetings at Goldman Sachs Group Inc , where research analysts offer tips to traders and then to big clients, the Wall Street Journal reported on its website.
Sales of tenant-in-common interests have plummeted, but don't count the securitized real estate industry out just yet.
Stock index futures were higher on Tuesday on news that Ben Bernanke will be renominated as chairman of the Federal Reserve and ahead of key consumer confidence and housing data.
Stock index futures were slightly higher on Tuesday on news that Ben Bernanke will be renominated as chairman of the Federal Reserve and ahead of key consumer confidence and housing data.
Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.
U.S. stock index futures pointed to a mixed start for Wall Street on Tuesday after U.S. shares ended flat in the previous session as investors took a breather from a four-day rally.
Chartists employ a two-dimensional approach to market analysis that includes a study of price and volume. Of the two, price is the more important. However, volume provides important secondary confirmation of the price action on the chart and often gives advance warning of an impending shift in trend. Volume is the number of units traded during a given time period, which is usually a day. It is the number of common stock shares traded each day in the stock market. Volume can also be monitored on ...
Credit Card Industry Challenged; GM May Keep Opel; Last Try for 'Clunkers'
Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several questionable developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.
Stocks edged higher on Monday, but pulled back from intraday peaks after a four-day rally that drove the major indexes to 10-month highs.
Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.
The amount of metal ETF Securities holds to back its palladium exchange-traded commodity was at a record high on August 21, the company said in a daily report on Monday.
