Ally Financial Inc (NYSE:ALLY) is up 3% in trading today, but with so many different news items it’s hard to say for sure which one is driving the price up. Arguably the most important long-term change is that the US Treasury announced that it would sell an additional 75.1 million shares of Ally on the open market, significantly reducing its stake and removing a major overhang that has kept investors away despite strong quarterly performance.
US Representative David Camp (R-MI), the current chairman of the House Ways and Means Committee, released a comprehensive tax reform proposal that, among many other changes, would reduce the... Read More
After significantly outperforming the stock market in the second quarter and year to date, Bridgewater Associates, the world’s largest hedge fund, revealed some of their secrets to success in... Read More
Last month, Apple and Microsoft announced upgrades to its MacBook Pro and Surface Book hybrid respectively. Apple’s key innovation was a Touch Bar, replacing the row of function keys on... Read More
In the first annual letter to Pershing Square Holdings shareholders, Bill Ackman explains Pershing Square’s evolution Read More
Agrium Inc. (NYSE:AGU) (TSE:AGU) is certainly not a stock that seems sexy or exciting to investors, but, according to JANA Partners LLC founder, Barry Rosenstein, it may offer them something... Read More
A Goldman Sachs report explains how the interactions between four major trends show where the payments industry is headed Read More
Post Market Update Market Levels • US: Dow: 13096.50 (-0.08%), S&P 500: 1412.16 (0.02%), NASDAQ: 2977.23 (-0.36%) • Europe: CAC: 3429.27 (-0.88%), DAX: 7260.63 (-0.33%), FTSE: 5782.70 (-1.16%). • Asia-Pacific: Australia: 4517.00 (0.70%),... Read More
An alleged Utah Ponzi schemer, charged by the U.S. Department of Justice and Securities and Exchange Commission with fraud associated with investments in “top secret” Iraqi currency and oil... Read More
GT Advanced Technologies Inc (NASDAQ:GTAT) wants to get back to its roots, selling Sapphire furnaces, and get out of the business of producing Sapphire products for Apple Inc. (NASDAQ:AAPL). GTAT cutting... Read More
Two months into Q2 2013, Global M&A remains sluggish. When comparing April and May 2013 with the same period in 2012, deal volume has dropped by 28 percent to... Read More
