Morning Market News: Updates on SAN, WLP, TRI, FX, FB, CPB, BA, A, V

Every morning we puts out a report with the latest news in global stock markets, company news, and global economic news. Morning Market Update Market Levels * US: Dow Futures: 12691.00 (-0.28%), S&P 500 Futures: 1348.00 (-0.28%), NASDAQ Futures: 2608.50 (-0.02%) * Europe: CAC: 3163.23 (-0.18%), DAX: 6403.03 (-0.11%), FTSE: 5639.15 (-0.42%) * Asia-Pacific:...

Patent Wars: How Many More Tech Giants Will Clash?

AllThingsD has conducted an exclusive interview with Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg and Yahoo! Inc.  (NASDAQ:YHOO)'s interim CEO Ross Levinsohn, and from the sound of it, it looks like both companies have not only buried the silly hatchet but are also set on becoming best buddies. As we reported yesterday, Facebook and...

Renault Launches Duster SUV in India, Ford and GM to Join

  French automobile major Renault SA (EPA:RNO) recently launched the Duster sports-utility vehicle (SUV) in India, at a price, that many analysts think will put it in direct competition with local players, Mahindra & Mahindra Limited (NSE:M&M) and Tata Motors Limited (ADR) (NYSE:TTM) (NSE:TATAMOTORS). The Duster was launched at a...

Libor Scandal Grows as More Damning Emails Released

With the Libor scandal already having numerous tentactles, don't expect it stop growing anytime soon. In a new story by the Wall Street Journal, it appears that emails may be the catalyst for growth. In a story by Jean Eaglesham, David Enrich and Paul Vierira, traders' emails and instant messages...

Best Buy Confirms 2,400 Lay Offs, Includes 600 from Geek Squad

  Best Buy Co., Inc. (NYSE:BBY) confirmed on Friday that it will cut 2,400 jobs or 1.4 percent of its 167,000-employee workforce, reported Reuters. This will include 600 Geek Squad technicians. The news of the jobs cuts follows the company's March announcement that it would also close 50 stores. Best Buy spokeserperson...

Target Gets Approval for Canadian Expansion

On Friday, Canada's federal government ruled that Target Corporation (NYSE:TGT) can takeover Zellers Inc. stores across Canada. It will also require the retailer to invest $3.5 billion in the Canadian stores and sell "uniquely Canadian cultural products." According to The Windsor Star,  Target Corporation will be required to hire up to 25,000 people...

Closing Bell News: PFE, YHOO, JPM, GS, BBY, AIG, FB, EMG

  Every afternoon we provide an update on global market levels, economic news, and hedge fund news. Companies in focus today include; PFE, YHOO, JPM, GS, BBY, AIG, FB, EMG Post Market Update   Market Levels   US:  Dow: 12772.50 (-0.96%), S&P 500: 1354.68 (-0.94%), NASDAQ: 2937.33 (-1.30%) Europe: CAC: 3168.79 (-1.91%), DAX: 6410.11 (-1.96%), FTSE: 5662.63...

Is London Facing a Financial Center Identity Crisis?

With its recent financial scandals, London is potentially facing a loss in its status as the world’s leading financial center. Trust in the city is plummeting and its identity will undergo a change, as reported by Bloomberg. From the JPMorgan Chase & Co. (NYSE:JPM)’s trading loss initially estimated at $2...

Apple's New iPad will Supposedly be Revised to Prevent Heat Issues

According to DigiTimes Apple has been facing over-heating issues in the iPad, and will change the design of the new Retina Display, for the 4G LTE iPad. The IT giant and the forerunner of i revolution was previously criticized over heating issues of its latest model of iPad. However Apple fans vehemently denied the...

NYSE Receives SEC Approval for Retail Dark Pool

On Thursday, the NYSE Euronext (NYSE:NYX) received approval from the Securities and Exchange Commission for a one-year pilot program for an independent exchange that will "mimic" dark pools.  This comes in an attempt to gain retail investors and market share for the exchange but is likely an action that...

TNK-BP Billionaires Bidding to Buy Half of BP's stake

The latest developing story on the oil and gas front is that the billionaire partners holding a 50 percent share in TNK-BP  (MICEX-RTS: TNBP) are going to bid for BP plc (NYSE:BP)'s half  of the share. The entire stake amounts to a total of $32 billion, by last year's estimates, and...

Morning Market News: Updates on GS, KKR, AMZN, AAPL, GOOG, STX

Every morning we puts out a report with the latest news in global stock markets, company news, and global economic news. Morning Market Update Market Levels * US: Dow Futures: 12825.00 (-0.05%), S&P 500 Futures: 1357.50 (-0.29%), NASDAQ Futures: 2639.25 (-0.12%) * Europe: CAC: 3215.09 (-0.44%), DAX: 6508.42 (-0.42%), FTSE: 5683.85 (-0.15) * Asia-Pacific:...

Post-Market News: Updates on TGT, NFLX, SNE, YHOO, NWSA, BCS, GS

Market Levels   US:  Dow: 12896.70 (-0.36%), S&P 500: 1367.58 (-0.47%), NASDAQ: 2976.12 (0.00%) Europe: CAC: 3229.36 (-1.19%), DAX: 6535.56 (-0.45%), FTSE: 5692.63 (0.14%). Asia-Pacific: Australia: 4169.20 (-0.07%), China: 2201.35 (-1.18%), Hong Kong: 19809.13 (0.50%), India: 5327.20 (0.47%), Japan: 9079.80 (-0.27%). Metals: Gold: 1609.40 (-0.76%), Silver: 27.67 (-2.15%), Copper: 3.49 (-1.48%) Energy: Crude Oil: 87.22...

Volkswagen finally secures Porsche in 4.46 billion euro deal

Volkswagen AG (ETR:VOW) (FRA:VOW) seems to have got itself a sweet deal by finally acquiring Porsche Automobil Holding SE (ETR:PAH3) (FRA:PAH3) for 3.88 billion euros plus a share of future dividends and other benefits and one common share. The deal sets the VW group firmly on track to becoming the largest auto-maker on the planet...

Did the humble Minitel inspire Apple’s Jobs?

France Telecom retired its Minitel service on the 30th of June 2012, and the announcement caused nostalgic regret to many Frenchmen. Had Apple Inc. (NASDAQ:AAPL)'s Steve Jobs been alive today, he would probably too have mourned the demise of the clunky table-top gadget that was a forerunner of today’s...

Morning Market News: Updates on AAPL, LTD, COST, VAH, BA, CG, BBY

Every morning we puts out a news report with the latest news in global stock markets, company news, and global economic news. Morning Market Update Market Levels * US: Dow Futures: 12816.00 (-0.40%), S&P 500 Futures: 1365.10 (-0.21%), NASDAQ Futures: 2634.50 (-0.27%) * Europe: CAC: 3240.65 (-0.84%), DAX: 6534.96 (-0.46%), FTSE: 5692.99 (0.15%). *...

Mutual Fund Families and Conflict of Interest

  Mutual fund families: This article  focuses on a paper done by Utpal Bhattacharya and Veronika Krepely Pool, featured on the Harvard Law Schools' Blog Corporate Governance and Financial Regulation section. It is often said that the provision of internal capital markets is a prime reason people form conglomerates or business...

Citigroup, HSBC, and Deutsche Bank Report Healthy Growth in India

  Citigroup Inc. (NYSE:C), HSBC Holdings plc (NYSE:HBC) (LON:HSBA) (HKG:0005) and Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DBK) have posted strong set of numbers in Asia’s third-largest economy for the fiscal year 2012, amid robust growth in consumer business, and improving asset quality.   Citigroup India on Tuesday reported a 35 percent rise in profit after...

RIM: Could it Get Worse? Now under Pressure to cut Carrier Fees

The Blackberry manufacturer Research In Motion Limited (TSE:RIM) (NASDAQ:RIMM), has been under a lot of pressure the last few weeks. The company released worse than expected first quarter losses, plans to lay-off 5000 employees and a 33% decrease in profits when compared to the last quarter. Moreover, the release...

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