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The Indian government’s decision to allow foreign nationals to invest directly in stock markets is an attempt to revive its reform agenda but any benefits will only be seen long-term, analysts say. The move to liberalise share-trading was announced on January 1 amid growing concern over India’s slowing growth rate and an exodus of overseas capital during 2011. [...]
Motorola Mobility Holdings Inc warned that its fourth-quarter 2011 revenue would miss Wall Street expectations as it was weighed down by tough competition and legal expenses in what is usually the best quarter of the year. The company, which has agreed to be bought by Google Inc, forecast fourth-quarter sales of $3.4 billion, below analyst expectations for revenue of [...]
Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe. Stocks have traded in line with the euro over the autumn, with both experiencing sharp swings on headlines from the euro zone. That trend may be changing, [...]
Stocks rose in the first week of 2012, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday. The U.S. market came into the new year revisiting familiar themes, with signs the U.S. economic recovery was gathering speed taking some of the focus off of [...]
The stock market offered a reminder Friday that even if the U.S. job market is improving, there’s plenty to worry about elsewhere in the world. The unemployment rate fell in December to 8.5 percent, the lowest level in nearly three years. Yet stock indexes teetered between small gains and losses all day as traders fretted about Europe’s ongoing financial drama. [...]
Democratic and Republican lawmakersskirmished on Friday over plans to extend a payroll tax cut seen as crucial to a fragile U.S. economic recovery, but aides predicted a last-minute deal. While independent economists say extending the tax cut would boost the economy at a critical time, both parties have been struggling to agree on a compromise deal in a [...]
Gov. Bill Haslam says he doesn’t plan to eliminate Tennessee’s estate tax and Hall income tax despite efforts by several Republican lawmakers to kill the measures because they believe they’re hurting the state’s economic development. The Republican governor told The Associated Press that both taxes are bad for the long term because they “chase capital away from the state.” However, he said Tennessee is still [...]
It’s hard not to be frustrated by the unceasing volatility in the markets, but certain sectors should still be excellent buys on any pullbacks heading into year-end, writes MoneyShow.com senior editor Tom Aspray. After the prior week’s 7.3% gain in the S&P 500, last week was bound to be a disappointment. Nevertheless, the relatively flat performance [...]
Looking at the universe of stocks we cover at Dividend Channel, on 12/13/11, NYSE Euronext (NYSE: NYX) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 12/30/11. As a percentage of NYX’s recent stock price of $26.95, this dividend works out to approximately 1.11%. Below is a dividend history chart for NYX, showing historical dividends prior to the most recent [...]
The U.S. dollar slipped versus most major rivals on Friday with the euro extending gains after Italy’s Senate approved a budget law, clearing a path for Prime Minister Silvio Berlusconi to resign. Even strong data at home failed to stem the dollar’s retreat. The bill, which includes new austerity measures, is widely expected to be [...]