All Entries Tagged With: "news"
New Hitwise Report Exposes Twitter Trouble
Sorry, Twitter fans (and animal lovers), but you’d better brace yourselves for another round of (hopefully Photoshopped) pics featuring birds in cats’ mouths and squashed against glass doors.
Williams draws upgrade to buy at S&P Equity
NEW YORK (MarketWatch) — S&P Equity Research on Thursday upgraded Williams Cos. to buy from hold. “Williams is seeing higher realized prices and wider…margins,” S&P Equity said in a note to clients. “Pipelines remain steady, while midstream projections rise on better gathering and processing outlook and exploration and production from hedges, higher volume and entry into Marcellus Shale.” Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fed buys $1.936 billion in Treasurys
NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $1.936 billion in Treasurys on Thursday in its last buyback in a program started in March to improve credit markets. Dealers submitted $10.978 billion in securities maturing between 2013 and 2016. Cantor Fitzgerald analysts expected a high offered amount as the closing of the program could create a “rush effect.” The broader Treasury market remained down after the buyback, weighed by strong economic data and ahead of the last Treasury Department auction of the week that will make the market absorb $123 billion in notes and inflation-linked debt. Ten-year note yields , which move inversely to prices, rose 7 basis points to 3.48%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news
Goodyear loses more ground after downgrade
SAN FRANCISCO (MarketWatch) — Goodyear Tire & Rubber Co. shares fell another 9% early Thursday to $12.30 after Merrill Lynch downgraded the stock to underperform on what it sees as a fourth quarter shaping up to be “materially weaker” than expected. “The company did make progress on cost cutting …” analyst John Murphy said. “However, we think this is small consolation.” Goodyear shares were slammed by 20% a day earlier after the tire maker posted an improved profit but painted a bleak picture for the fourth quarter
Goodyear loses more ground after downgrade
SAN FRANCISCO (MarketWatch) — Goodyear Tire & Rubber Co. shares fell another 9% early Thursday to $12.30 after Merrill Lynch downgraded the stock to underperform on what it sees as a fourth quarter shaping up to be “materially weaker” than expected. “The company did make progress on cost cutting …” analyst John Murphy said. “However, we think this is small consolation.” Goodyear shares were slammed by 20% a day earlier after the tire maker posted an improved profit but painted a bleak picture for the fourth quarter.
Natural gas inventories up 25 bcf in latest week
NEW YORK (MarketWatch) — Natural gas in storage in the U.S. rose by 25 billion cubic feet last week, the Energy Information Agency reported on Thursday. Analysts polled by Platts expect an addition of between 27 and 31 billion cubic feet to natural-gas storage inventories for the week ended Oct. 23. In recent action, natural gas for December delivery gained 3 cents, or 0.5%, to $5.09 per British thermal units. Crude oil for December delivery rose $1.40, or 1.8%, to $78.89 a barrel. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Natural gas inventories up 25 bcf in latest week
NEW YORK (MarketWatch) — Natural gas in storage in the U.S. rose by 25 billion cubic feet last week, the Energy Information Agency reported on Thursday. Analysts polled by Platts expect an addition of between 27 and 31 billion cubic feet to natural-gas storage inventories for the week ended Oct. 23
House Democrats unveil long-awaited health bill
WASHINGTON (MarketWatch) — House Democrats on Thursday unveiled a long-awaited health-care overhaul bill that contains a government-run health plan option and aims to cover 96% of all Americans. House Speaker Nancy Pelosi, D-Calif., said it “lowers costs for every patient” and meets President Barack Obama’s cost goal of less than $900 billion over 10 years. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AEI initial public offering to be cut in half
NEW YORK (MarketWatch) — An initial publico offering from AEI, the former Enron International unit bought three years ago by U.K. investment firm Ashmore, is cutting its deal in half, according to Scott Sweet of IPO Boutique. Citing a banking source at one of the deal’s underwriters, Sweet said AEI will go public at $12 a share, below its $14-$16 price range. The IPO will consist of 21 million shares, down from the earlier deal size of 50 million shares.
AEI initial public offering to be cut in half
NEW YORK (MarketWatch) — An initial publico offering from AEI, the former Enron International unit bought three years ago by U.K. investment firm Ashmore, is cutting its deal in half, according to Scott Sweet of IPO Boutique. Citing a banking source at one of the deal’s underwriters, Sweet said AEI will go public at $12 a share, below its $14-$16 price range. The IPO will consist of 21 million shares, down from the earlier deal size of 50 million shares. The company’s debt load and large proportion of insider shares cut into interest in the deal, Sweet said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.






