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NEWS

Stock Upgrades Downgrades

Maxim $MXIM has been upgraded to Strong Buy by Raymond James FireEye FEYE has been started at Outperform by Wells Fargo FFIV has been started at Buy by Dougherty & Co. Nanometrics NANO has been cut to Sector Perform by RBC Palo Alto Networks PANW has been upgraded to Outperform by Wells Fargo CRT Capital ...

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Twitter IPO updates

Twitter plans substantial investment in rival companies, technologies and staff following its forthcoming IPO – Twitter has set a price range of $17 to $20 per share for its initial public offering, it could raise as much as $1.6 billion in the process – Twitter picks NYSE over Nasdaq for ...

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Trading Desk News

ARM ARMH has bought Geomerics, a provider of global illumination lighting tech for 3D games. Google GOOG has acquired Boston Dynamics, a developer of advanced robots and related software for the U.S. military. – Merck Hepatitis C combo successful in Phase II trial – Sony’s FQ2 net loss widened to ...

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Forex market manipulation

Focus over alleged forex manipulation widens with Goldman and Morgan Stanley in view and Barclays putting three New York-based traders on leave – The Department of Justice and the FBI have opened a criminal investigation into the possible manipulation of the $5.3T-a-day forex market. The probes add to those being ...

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German Elections 2013

German Chancellor Angela Merkel’s center-right Christian Democratic Union was within striking distance of an absolute majority in Parliament after elections. FDP is Merkel’s current junior coalition partner and will probably stay out of parliament. The small party receives only 4.5% in exit polls, and the margin of error is small. ...

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China’s GDP growth down to 7.5 percent

China’s GDP growth slowed in the second quarter to 7.5 percent year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing’s resolve to revamp the world’s second-biggest economy in the face of deteriorating data. Other figures showed industrial output in June rising slightly less ...

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Dijsselbloem: Eurozone willing to provide additional aid to Greece

Eurogroup president opposed to new haircut on Greek debt Eurogroup chief Jeroen Dijsselbloem expressed his strong opposition to a possible new haircut on the Greek debt. Speaking to five European newspapers Dijsselbloem said that “Greece will repay the loans it has received” and that the deletion of the Greek debt, ...

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Eurozone unemployment hits new high

Unemployment in the crisis-stricken euro bloc rose to 12.2% for April, according to Eurostat, the statistics office of the EU. At 24.4%, youth unemployment was double the wider jobless rate and up from 24.3% in March. The problem was most extreme in Greece where almost two-thirds of those under-25 are ...

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Nationalised Bankia has now lost 99% of its stock exchange value since it was listed 22 months ago

Spain’s banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised Bankia were finally able to trade them – but at only a fifth of their original price. The wipeout on Madrid’s stock exchange means that Bankia, which was ...

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Soros Joins Gross in Warning Kuroda Plan Risks Yen Rout

Billionaire investor George Soros and Bill Gross, who runs the world’s biggest bond fund, warned the Bank of Japan (8301)’s plan to end deflation risks creating a rout in the yen.

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