U.S. equities finished higher in choppy trade as an improvement in homebuilder sentiment helped to offset lower than expected industrial production and Empire Manufacturing reports. Consumer Staples, Utilities, and Financials led gains, while Energy was the only major group that finished lower. Gold is lower, and Crude Oil is slightly higher.
The Labor Department said its seasonally adjusted Producer Price Index fell 0.7% last month, it’s largest drop since February 2010. In the 12 months through April, wholesale prices were up only 0.6%, the smallest increase since July of 2012.
Reports also showed an unexpected drop in U.S. factory output for April, and troubling signs of weakness in manufacturing activity in New York state this month.
U.S. Treasury debt prices rallied on the reports, while the dollar trimmed gains versus the euro and the yen.
On Wednesday, May 15, executives and guests of The Woodlands, Texas-based Western Gas Partners, LP will visit the New York Stock to mark the company’s 5th anniversary of trading on the NYSE.
To mark the occasion, the company’s senior management team will ring the NYSE Closing Bell.
Western Gas Partners, LP (NYSE: WES)
Western Gas Partners, LP (“WES”) is a growth-oriented Delaware master limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. With midstream assets in East, West and South Texas, the Rocky Mountains, north-central Pennsylvania and the Mid-Continent, WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko and...
Taking a company public has many similarities to horse racing. You can be slow or quick out of the gate, but it's the long-haul that matters.
I started thinking of the parallels as I watched Orb power his way to the front from the back of the pack on a muddy track to win the Kentucky Derby. That's just about what Korea-based MagnaChip Semiconductor (NYSE: MX) has done since its IPO in early 2011. Out of the gate, its stock price was a bit slow, reaching a low point six months later in September 2011; but now the company's stock price has more than doubled.
Although relatively new as a public company, MagnaChip has thirty years of operating history under its belt and is led by an international executive management team and board of directors. The company, with a market capitalization of $568 million, designs and manufactures analog and mixed-signal semiconductor products for high-...
Baudoin Delforge, president of the Bourse of Commerce closes the European markets in Paris. He is here to present the annual European Commodity Bourse which will take place in Paris this year in October.
On 10th and 11th of October 2013 the Paris Bourse of Commerce is organising the largest annual grains event at the Palais des Congrès. The main actors of the grains industry will come together to discuss hot topics and the future of the business. The teams of the Bourse of Commerce are looking to host around 3000 delegates.