Market Levels * US: Dow: 13457.50 (-0.75%), S&P 500: 1441.59 (-1.05%), NASDAQ: 3117.73 (-1.36%) * Europe: CAC: 3513.81 (0.47%), DAX: 7425.11 (0.16%), FTSE: 5859.71 (0.36%). * Asia-Pacific: Australia: 4372.90 (-0.29%), China: 2029.29 (-0.19%), Hong Kong: 20698.68 (0.02%), India: 5673.90 (0.08%), Japan: 9091.54 (0.24%). * Metals: Gold: 1766.40 (0.10%), Silver: 33.95 (-0.11%), Copper: 3.73 [...]


GS Employee Greg Smith "Has Done No Fact-Checking" For His Book

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that former Goldman Sachs Group, Inc. (NYSE:GS) employee Greg Smith “has done no fact-checking” for his upcoming expose on the bank set to be released in late October. Gasparino also reports that some publishers had dropped out early  because Smith was [...]


Caterpillar Is A Buy Despite Reduced 2015 Profits Projections: GS

Caterpillar Inc. (NYSE:CAT) has cut its 2015 profit outlook, as capital goods consumers reduce their spending, signaling the looming risk of an economic slowdown. The machinery heavyweight cut its 2015 projections from an EPS range of $15-$20, to a range of $12-$15. This comes after the company hosted an analyst [...]


ONGC Denies Making A Bid For Conoco Phillips' Canadian Assets

Following reports published on Monday that a trio of Indian state-run oil companies had placed a $5 billion bid for stakes in ConocoPhillips (NYSE:COP)’ Canadian assets; responses from the concerned parties have begun surfacing. The trio, which comprises of Oil Limited India, Indian Oil Corporation Limited (NSE:IOC), and Oil [...]


S&P/Case-Schiller & FHFA Report July Increases In Housing Market

In Tuesday's S&P/Case-Shiller national home price index, prices rose 1.6% in July from the previous month, signaling that home pricescould trigger economic growth.  Encompassing property values from 20 cities, the year-over-year index value rose 1.2 percent. This represented the greatest 12-month increase since August 2010, reported Bloomberg. For the third straight month, 20 of [...]


Apple Inc. (AAPL) Is the Biggest Porter Force On Its Supply Chain: BAML

Apple Inc. (NASDAQ:AAPL) suppliers operate in one of the most lucrative industries in terms of guaranteed market, but this does not come at no cost. Bank of America Corporation (NYSE:BAC)'s Merril Lynch  (BAML) has done a critical and fascinating analysis on Apple's supply chain, by applying Michael Porters' Five Forces model. [...]


BAE Systems' Merger With EADS Is Making Many People Unhappy

Airbus parent, European Aeronautic Defence and Space Company, EADS NV (EPA:EAD), and Britain's BAE Systems plc (LON:BA) (PINK:BAESY) are contemplating coming up with a more lucrative merger ratio. According to Reuters, the two companies are considering changing the current 60:40 merger ration, to a possible 63:37, or 65:35 ratio, that will see EADS NV (EPA:EAD) control [...]


Chesapeake Energy Buys Land In Oklahoma as Asset Sales Continue

Despite the frenzied pace at which Chesapeake Energy Corporation (NYSE:CHK) has been selling its assets, the ever-embattled company’s land buying in Oklahoma City continues to endure. This continued land buying in Oklahoma City highlights the company’s overt intentions to expand its city based campus. Through its notable affiliates, like Property [...]


Eton Park Having Rough Year Despite a Strong August

Eton Park Capital Management, run by Ex-Goldman Sachs Group, Inc. (NYSE:GS) executive,  Eric Mindich, manages approximately $10 billion in its two funds, namely, Eton Park Fund, L.P. and Eton Park Master Fund, Ltd. The Eton Park Overseas fund, a feeder fund of the Master fund, manages $6.5 billion out of the total [...]


Staples Inc. To Restructure As Rumors Of A Sale Die Down

In mid September, shares of Staples, Inc. (NASDAQ:SPLS) were sent on an abrupt upswing, rising more than 4 percent, after reports revealed that various private- equity companies- including Bain Capital LLC- were interested in acquiring it. Today, Staples, Inc. (NASDAQ:SPLS) intentions to conduct major restructuring have come to light, amid confusion [...]


Diageo Targets A Stake In India's United Spirits

The worlds largest spirits company, Diageo Plc (NYSE:DEO) (LON:DGE), is in talks with India's United Spirits, in a bid to acquire a stake in the company that commands a 40% market share in locally. According to a report published on Deal Book, Diageo Plc (NYSE:DEO) (LON:DGE) is rather pessimistic about the deal eventually taking [...]


Airgas, Inc. a Nice GARP Stock for Value Investors

Introduction Airgas, Inc. (NYSE:ARG) is a Pensylvania based company that was founded in 1982. It is engaged in the distribution of industrial, medical, and specialty gases in the United States. The company offers a complete range of gas products that fulfills the customers demand including nitrogen, oxygen, argon, helium, hydrogen, [...]


Morning Market News: YHOO, FDS, MTN, BRK.A, SPLS, OKS, TSLA, NOK, LEN

 Market Levels   * US: Dow Futures: 13521.00 (0.24%), S&P 500 Futures: 1455.70 (0.30%), NASDAQ Futures: 2848.50 (0.36%) * Europe: CAC: 3500.74 (0.10%), DAX: 7419.94 (0.09%), FTSE: 5851.69 (0.22%). * Asia-Pacific: Australia: 4372.90 (-0.29%), China: 2029.29 (-0.19%), Hong Kong: 20698.68 (0.02%), India: 5673.90 (0.08%), Japan: 9091.54 (0.24%). * Metals: Gold: 1773.80 (0.52%), Silver: 34.44 [...]


Post-Market Update: AAPL, GOOG, CAT, GRPN, PAYX, BA, PPHM, T, CIT, WFC

Every afternoon we provide an update on global market levels, company news, economic news, and hedge fund news. Among the stock in focus today, AAPL, GOOG, CAT, GRPN, PAYX, BA, PPHM, T, CIT, BA. Post Market Update Market Levels  * US: Dow: 13558.90 (-0.15%), S&P 500: 1456.89 (-0.22%), NASDAQ: 3160.78 (-0.60%) * Europe: CAC: [...]


Man Group plc Announces Corporate Restructuring Plan

On Monday, hedge fund manager Man Group plc (LON:EMG) announced in a prospectus details for its corporate restructuring plan. This includes a proposed new holding company called Man Strategic Holdings PLC, or New Man. In addition, the plan will try to streamline the company's overblown capital base while raising its financial [...]


FCC Undergoes Questioning for 2011 LightSquared Approval

On Friday, a U.S. House panel reviewed whether the Federal Communications Commission (FCC) had followed its own set of rules with its 2011 approval for hedge fund billionaire Phil Falcone’s LightSquared wireless network. The predominantly Republican lawmakers from the House and Energy Commerce Committee's subcommittee asked agency officials on Friday why [...]


Karsch Capital is Long JUSH & Short PNR, MAN, QBE

Karsch Capital Management, a hedge fund based in New York, was founded in the year 2000, by Michael Karsch, and manages approximately $2.5 billion in Assets. The hedge fund was down 2.0% in the second quarter, bringing the year to date return to 4.3.%. Karsch gained 1.3% in  July. Karsch Capital Management reported [...]


DOJ Requests More Information On DigitalGlobe, GeoEye Acquisition

The U.S Department of Justice has requested DigitalGlobe to provide more information on its proposed acquisition of fellow satellite imagery provider, GeoEye Inc. (NASDAQ:GEOY). DigitalGlobe Inc (NYSE:DGI), through a press release, revealed that the Department of Justice’s focus was placed on anti-trust matters. This request was sent to both DigitalGlobe Inc (NYSE:DGI) [...]


TiVo Licenses Tech To Verizon After $250 Million Patent Settlement

Following prolonged discord between Verizon Communications Inc. and TiVo Inc. over the latter’s DVR technology, an agreement has finally prevailed, after the two technological heavyweights came to a mutual understanding. In exchange for dismissing the expensive and lengthy litigation process, the two have agreed that they will cross-license their [...]


Abaxis Inc Cheap on Comp Basis, but Still Extremely Pricey

Introduction: Abaxis Inc (NASDAQ:ABAX) is a US company that was founded in 1989 and is headquartered in Union City, California. The company develops, manufactures, and markets portable blood analysis systems for use in the human or veterinary patient-care setting. The Company's systems provide clinicians with rapid blood constituent measurements. The [...]

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