Top After-Market Nasdaq Movers (Array, Momenta, Aixtron, HMS Holdings, Monster Beverage, Envivio, Groupon, Coinstar, Myrexis, Boingo Wireless)
The top after-market Nasdaq gainers Monday were Array BioPharma Inc, Momenta Pharmaceuticals Inc, Aixtron SE, HMS Holdings Corp and Monster Beverage Corporation. The top after-market Nasdaq losers were Envivio, Groupon Inc, Coinstar Inc, Myrexis Inc and Boingo Wireless.
Inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
Gasoline production issues and tensions between Iran and Israel have sent U.S. gasoline prices above $4 per gallon in some cities, and prices likely won't fall until October, according to gasoline analysts
Farmer Scott Keach holds a drought-damaged soybean plant in one of his fields in his farm in Henderson, Kentucky Leaders from the 20 largest economies in the world could push for emergency measures to tame global food prices after the worst US drought since the 1950s has pushed the UN's food price index to the highest in nearly three years. Reports last week from both the US Department of Agriculture and the United Nations suggested global food prices could continue to advance to dangers levels this week after a USDA forecast for this year's corn harvest were cut for the second consecutive month. Global estimates for both corn and soybean production were also trimmed back by the World Agriculture Supply and Demand Estimates (WASDE) report, released Friday by the USDA.
Independent refiner Tesoro is snapping up BP's refining and marketing business in Southern California as well as the value of the refinery's inventory at the time of closing, for an estimated total of $2.5bn, marking the latest in a long line of sales by the trouble oil major .
Julius Baer, one of Switzerland's oldest and largest private banks, is set to buy Bank of America Merrill Lynch 's private bank outside the US, marking the latest in a line of banks that are looking to sell off its wealth management or private banking assets. In a deal worth 860m Swiss francs, Julius Baer will boost its assets under management (AuM) by 40 percent and it says that it plans to raise 1.19bn Swiss Francs in new capital following the deal
China 's inflation cooled in May, giving Beijing more wiggle room to loosen policy and stimulate growth. The world's second-largest economy reported its consumer price index rose 3 percent in May from a year earlier -- the slowest pace in two years. That was down from April's 3.4 percent increase and lower than economists' forecast of a 3.2 percent rise.
Categories: Business financial, News in finance, Personal Finance Tags: banks, banks-primed, close-italian, euro, financial crisis, george-soros, important, recommended, soros-speech-illustrated, var-cat
Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday.
Categories: Business financial, News in finance Tags: banks, banks-primed, close-italian, euro, financial, financial crisis, george-soros, important, recommended, soros-speech-illustrated, speech, var-order
After George Soros , the influential hedge fund manager, posted a speech he gave at an economics conference in Italy last week, the financial blogosphere and the mainstream media, including the New York Times and the Washington Post lit up -- mostly with praise. Joe Weisenthal, Business Insider's blogger, called it "brilliant," "dynamo" and "killer." On Twitter , Tony Fratto, a CNBC contributor and former treasury secretary, wrote that he'd "never had anything recommended to him more frequently." The speech begins with a wonky description of the state of modern economics and then dives deeply into an intriguing analysis of the European financial crisis -- and warns that there are only a few months left to resolve it or the debacle will bring down global economies with it. His assessment is novel: He sees the crisis as a political "bubble" that began to emerge with the very first steps of European unification; the road to this crisis, Soros says, was paved with the best of geopolitical intentions.