Stock Market

  • Providence, RI, sues firms over stock trades Associated Press - Sat, Apr 19, 2014 10:05 AM AEST

    Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The federal complaint was filed Friday in New York on behalf of city investment funds that ...

  • Earnings season starts rough for health insurers Associated Press - Sat, Apr 19, 2014 1:02 AM AEST

    Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. That dip may be short-lived if the performance ...

  • Minerals Technologies Extends Tender Offer for Outstanding Shares of AMCOL International ACN Newswire - Fri, Apr 18, 2014 9:02 PM AEST

    NEW YORK, NY -April 18, 2014-Minerals Technologies Inc. (NYSE:MTX - News) announced today that it has extended its tender offer to purchase all outstanding shares of AMCOL International Corporation (NYSE:ACO - News) for $45.75 per share in cash. All terms and conditions of the tender offer, other than the expiration date, remain the same. Unless extended further, the tender offer will now expire at 9:00 a.m., New York City time, on May 2, 2014. The tender offer was previously scheduled to expire at 9:00 a.m., New York City time, on April 18, 2014.

  • Deutsche Bank likes BHP Billiton Limited โ€“ should you? The Motley Fool Australia - Fri, Apr 18, 2014 3:52 PM AEST

    Despite the strong headwinds facing the mining sector, Deutsche Bank has reiterated its 'buy' rating on sector heavyweight BHP Billiton Limited (BHP.AX), giving it a price target of $43.50, which is 14% higher than today's price of $38.04. Meanwhile, CIMB maintains a price target of $42.80 and RBC Capital has reiterated an 'outperform' rating on the shares. You should look at BHP Billiton as a long-term investment prospect .

  • Shares of Travelocity owner Sabre rise after IPO Associated Press - Fri, Apr 18, 2014 7:58 AM AEST

    Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. The company had offered ...

  • Weibo shares jump in market debut Associated Press - Fri, Apr 18, 2014 6:44 AM AEST

    Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like ...

  • Mid-cap stocks are getting some love, finally Associated Press - Fri, Apr 18, 2014 4:11 AM AEST

    Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap ...

  • Sina Weibo shares jump more than 10% after IPO AFP - Thu, Apr 17, 2014 4:16 PM AEST
    Sina Weibo shares jump more than 10% after IPO

    Shares of Sina Weibo, China's answer to Twitter, jumped more than 10 percent in initial trade Thursday after an undersubscribed initial public offering. Weibo's parent, the Chinese Internet giant Sina Corp, sought to raise as much as $380 million listing the subsidiary on the Nasdaq exchange, but only pulled in $286 million as it ran into a market jittery over both tech and Chinese company shares.

  • Sina Weibo shares jump more than 6% after IPO AFP - Thu, Apr 17, 2014 4:12 PM AEST
    Sina Weibo shares jump more than 6% after IPO

    Shares of Sina Weibo, China's answer to Twitter, began trading sharply higher Thursday after an undersubscribed initial public offering. Minutes into trade the shares were over $18, compared with the $17 ...

  • Japara Healthcare Ltd gives IPO investors a 27.5% stag profit โ€“ what investors need to know The Motley Fool Australia - Thu, Apr 17, 2014 3:13 PM AEST

    Freshly floated aged care operator Japara Healthcare Ltd (ASX:JHC) has surged 27.5% to $2.55 by early afternoon on Thursday after debuting on the stock market this morning. It's an amazing immediate profit for IPO investors - otherwise known as a 'stag profit'. The initial public offering (IPO) was priced at $2.00 per share which equated to an expensive looking 22.6 times price-to-earnings (PE) ratio. The market however appears comfortable with ascribing a high value to Japara, with investors excited by the quality of the business and its growth potential.

  • 'Chinese Twitter' firm Weibo to go public in US AFP - Thu, Apr 17, 2014 1:23 PM AEST
    'Chinese Twitter' firm Weibo to go public in US

    Sina Weibo, widely known as China's version of Twitter, is to go public in the United States Thursday at a price below expectations after a recent sell-off in technology stocks. The microblogging subsidiary of Chinese Internet behemoth Sina was to make its debut on the Nasdaq exchange under the symbol "WB" in an initial public offering (IPO) expected to raise at least $340 million. Sina Weibo -- launched in August 2009 to provide services similar to Twitter, which is banned in China -- is a leading social media site in a country with 618 million Internet users -- the world's largest online community. But the estimated value of the IPO, filed by Weibo with the US Securities and Exchange Commission this month, was down on the sum of up to $500 million indicated in March -- reflecting a gloomy market outlook after the Nasdaq index suffered more than three weeks of declines.

  • Stocks to watch at noon on Thursday AAP - Thu, Apr 17, 2014 12:05 PM AEST

    Stocks to watch on the Australian stock exchange at noon on Thursday: API - AUSTRALIAN PHARMACEUTICAL INDUSTRIES - down 1.5 cents, or 2.65 per cent, at 55 cents Australian Pharmaceutical Industries is ...

  • Weibo, a Chinese Answer to Twitter, Prices Its Offering at $17 The New York Times - Thu, Apr 17, 2014 11:20 AM AEST

    The microblogging service set a price at the bottom of its expected range, and will carry a value well below that of Twitter when it begins trading on the public markets.

  • Weibo IPO below expectations, raises $285.6 mn AFP - Thu, Apr 17, 2014 9:54 AM AEST
    Weibo IPO below expectations, raises $285.6 mn

    Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street. The firm, often described as China's version of Twitter, sold 16.8 million US depositary shares, according to Dow Jones Newswires, while a person familiar with the deal told AFP each share was priced at $17. In March, Weibo had estimated the value of its initial public offering at as much as $500 million. The offering comes as Chinese e-commerce giant Alibaba -- a shareholder in Weibo -- is preparing its own eagerly anticipated IPO later in the year, which is expected to be the biggest in the tech sector since Facebook's in 2012.

  • McAleese Ltd plunges 15.5% โ€“ Should you sell too? The Motley Fool Australia - Thu, Apr 17, 2014 8:47 AM AEST

    If you were unlucky enough to receive an allocation in the McAleese Ltd (MCS.AX) initial public offering (IPO) last November, or unfortunate enough to have decided to purchase stock on market since the IPO you are no doubt bewildered by the transport company's second profit warning which has sent the share price down 15.5% to close at a new all-time low of 43.5 cents. Perhaps one comforting factor for investors is that Chairman and now CEO Mark Rowsthorn - who was previously CEO at rail freight company Asciano Ltd (AIO.AX) and before that a senior director at freight and logistics group Toll Holdings Limited (TOL.AX) - owns around 30% of McAleese, so at least he is feeling the pain of the company's dismal performance too! McAleese has certainly been the worst of the recent bundle of floats to hit the market and a far cry from Beacon Lighting Group Ltd's (ASX:BLX) 60% gain on debut. It's a good reminder that IPO investing does not guarantee profits and sooner or later - in McAleese's case sooner - the stock price will be driven by fundamentals not hype.

  • Denbury Announces Pricing and Upsizing of Its Senior Subordinated Notes Offering GlobeNewswire - Thu, Apr 17, 2014 8:15 AM AEST

    PLANO, Texas -- Denbury Resources Inc. ("Denbury" or the "Company") today announced that it has priced its public offering of senior subordinated notes due May 2022 and increased the ...

  • CORRECTING and REPLACING -- Sonoco Board Increases Common Stock Dividend GlobeNewswire - Thu, Apr 17, 2014 6:19 AM AEST

    Please replace the release with the following corrected version due to a revision.

  • Weibo IPO below expectations, raises $285.6 mn: report AFP - Thu, Apr 17, 2014 3:43 AM AEST
    Weibo IPO below expectations, raises $285.6 mn: report

    Sina Weibo has sold fewer shares than expected in its US IPO which has been priced below expectations, a report said Thursday, ahead of its listing which takes place after selloffs on Wall Street. The Beijing-based firm, often described as China's version of Twitter, sold 16.8 million US depositary shares at $17, raising $285.6 million before the sale of any additional shares to underwriters, Dow Jones Newswires said, quoting two people familiar with the deal. Those figures are well below the 20 million shares and $340 million which it had been aiming for -- reflecting a cautious mood after the tech-weighted Nasdaq index tumbled for more than three weeks. Sina Weibo -- launched in August 2009 to provide services akin to Twitter which is banned in China -- is a leading social media site in a country with the world's largest population of Internet users at 618 million.

  • Moelis & Co. prices initial public offering at $25 Associated Press - Wed, Apr 16, 2014 8:58 PM AEST

    Moelis & Co. priced its initial public offering at $25 per share, which was below expectations. The New York investment bank plans to offer 6.5 million shares to raise $162.5 million. Underwriters have ...

  • Statoil's share saving plan allocates shares GlobeNewswire - Wed, Apr 16, 2014 7:59 PM AEST

    STAVANGER, Norway -- The shares purchased by DNB on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 April 2014 for use in the group's share saving plan have on 16 April 2014 been distributed to the employees ...

  • Aussie shares close higher AAP - Wed, Apr 16, 2014 4:17 PM AEST

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Alibaba steals Yahoo's thunder ahead of IPO AFP - Wed, Apr 16, 2014 3:09 PM AEST
    Alibaba steals Yahoo's thunder ahead of IPO

    If Yahoo appears back in favor, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and which is set for a public stock offering. Yahoo shares soared 7.3 percent to $36.71 at the opening Wednesday on the heels of a better-than-expected quarterly report, but some were more focused on the Alibaba financial results buried in the document. "The salient point of Yahoo's first quarter results was the very strong December quarter results from Alibaba," said Jordan Rohan, analyst at the brokerage Stifel. "Alibaba's results paint a favorable picture for a favorable IPO despite the recent period of weakness in the Internet sector."

  • Is hot market for IPOs cooling? AAP - Wed, Apr 16, 2014 12:01 PM AEST

    Car financing company Ally Financial and hotel operator La Quinta Holdings had lukewarm receptions for their recent IPOs. La Quinta priced its shares at $US17 each, lower than its expected range of $US18 to $US21, which suggested less demand. Ally, the largest IPO this year, priced its shares at $US25 each, the bottom of its expected range of $US25 to $US28. Some companies delayed their IPOs last week as the stock market turned bumpy.

  • Coca-Cola and MasterCard are big market movers Associated Press - Wed, Apr 16, 2014 7:01 AM AEST

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., up $1.45 to $40.18 The first global sales volume decline for ...

  • Tuesday's Top Upgrades (and Downgrades) Motley Fool - Wed, Apr 16, 2014 5:40 AM AEST

    Analysts shift stance on Pier 1, New York & Co., and PetSmart.

  • 29 Nasdaq names now in bear market territory CNBC - Wed, Apr 16, 2014 2:12 AM AEST
    29 Nasdaq names now in bear market territory

    As the Nasdaq nears the -10% correction level, a number of major Nasdaq-100 stocks are down even farther-bear market territory, or a loss of 20%.

  • IPOs get stepchild treatment as letdowns mount CNBC - Wed, Apr 16, 2014 12:01 AM AEST
    IPOs get stepchild treatment as letdowns mount

    The formerly hot IPO market is repricing, in what is starting to become a regular occurrence: delayed offerings and flotations below the price talk.

  • Stocks to watch at close on Tuesday AAP - Tue, Apr 15, 2014 4:19 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • As Nasdaq falls, buying opportunity arises CNBC - Tue, Apr 15, 2014 1:36 PM AEST
    As Nasdaq falls, buying opportunity arises

    The Nasdaq pullback that we forecasted in January has commenced. Following its stellar 38.3 percent rise in 2013 the Nasdaq has lost momentum as the Federal Reserve further tapers its asset-purchase program. ...

  • Twitter's Lockup Holds Key to Stock The Wall Street Journal - Tue, Apr 15, 2014 6:33 AM AEST

    Amid the technology sector selloff, Twitter's recent nosedive may be one of the few actually tied to something specific: On May 5, the lockup on 489 million Twitter shares not previously eligible for sale will expire. Certainly, the social-messaging company felt compelled Monday to issue a statement saying that co-founders Jack Dorsey and Evan Williams, along with Chief Executive Richard Costolo, have no "current plans" to sell shares. Another big holder, Benchmark Capital, also doesn't plan to sell or distribute Twitter stock "before or immediately after" the lockup expiration. Altogether, they control about 20% of the company, according to Twitter's last proxy filing.

  • WebMd and Citigroup are big market movers Associated Press - Tue, Apr 15, 2014 6:32 AM AEST

    Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Edwards Lifesciences Corp., up $8.03 to $81 A court reaffirmed an earlier ruling ...

  • Twitter CEO, co-founders not selling stock Associated Press - Tue, Apr 15, 2014 12:07 AM AEST

    Twitter says its CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have no plans to sell any of their shares when the company's post-IPO lock-up expires on May 5. Lock-up periods prevent company ...

  • Oxbridge Re Holdings Limited [OXBRU] to Ring The NASDAQ Stock Market Opening Bell GlobeNewswire - Tue, Apr 15, 2014 12:00 AM AEST

    ADVISORY --

  • Twitter founders, CEO to keep shares after 'lockup' AFP - Mon, Apr 14, 2014 5:26 PM AEST
    Twitter founders, CEO to keep shares after 'lockup'

    Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday. A regulatory filing by Twitter said the three major shareholders "have informed us that they have no current plans to sell any of their shares of Twitter common stock." The news comes weeks ahead of the so-called lockup expiration on May 5, the date after which insiders would be allowed to sell holdings following Twitter's initial public offering last year. Under company policies and securities laws, the three would need to notify Twitter about any sales, so the earliest possible sale would be "90 days after our next open window," said the document filed with the Securities and Exchange Commission.

  • What if this is the cheapest business on the ASX? The Motley Fool Australia - Mon, Apr 14, 2014 6:15 AM AEST

    Contrarian investors will buy companies that have experienced substantial price falls in the belief they can make big profits by contradicting conventional wisdom to buy companies oversold as a result of weak sentiment around them. One candidate is online travel operator Wotif.com Holdings Limited (WTF.AX). The group attributed the decrease to increased costs from strategic investment in marketing and technology, whereas the price crash is reflective of the profit fall and market worries that big U.S. competitors like Expedia and Priceline will muscle in on its market share.