From The Trading Floor: The markets are trading in mixed to negative territory this morning influenced by a weaker than expected private jobs number and a contraction in non-manufacturing after reaching new highs on the S&P yesterday
Mortgage Applications for the week ending Feb 28th increased 9.4%.
ISM Non-Manufacturing for February fell to 51.6
The Fed’s Beige Book results are due out at 2:00
China has kept its annual GDP growth target at 7.5% for 2014, allaying the concerns of some but disappointing others that it would lower the goal as part of the government's focus on reforming the economy and trying to rein in ballooning credit.
President Obama yesterday unveiled his $3.9T budget for fiscal-year 2015, confirming proposals that had already been flagged in advance. These include tax hikes for the rich and energy companies, and increased spending on infrastructure and education
Ahead of the Bell: Dow futures are trading up 13 points and S&P futures are trading up 2 points. Relative calm has returned to world financial markets after two days of intense volatility as the US and Russia are set to hold talks today on easing tension over Ukraine in an effort to persuade Russia's Vladimir Putin to pull back his forces in Crimea and avoid the possibility of a war. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov are scheduled to meet for the first time since the crisis escalated. Also, NATO and Russia will hold parallel talks in Brussels amid the standoff between Russian and Ukraine. According to a survey, China's services sector activity ticked up in February from a 2-1/2-year low the previous month as the country pushes ahead with structural reforms to promote consumer-led growth. China also said it would maintain its economic growth target for 2014 at around 7.5%. The ECB remains...
Ambassador of the Dutch Burns Foundation, Tess Glimmerveen, opens trading by sounding the gong. The Dutch Burns Foundation calls attention to the many young burn victims who are admitted to the three burn treatment centres every year.
The Dutch Burns Foundation says accidents with hot tea and coffee are still all too common. Parents, grandparents and caregivers can order a free booklet in which first aid is explained, and useful tips to create a safer environment for children.
Each year, investors file shareholder proposals with public companies to request that their proposals be included in the company’s proxy materials for a vote at the next annual meeting of shareholders. The issues to be addressed in these shareholder proposals will vary widely as they may relate to issues like executive compensation, governance at the company/board, the company’s capital structure, etc. In certain circumstances, companies file “no-action letter” requests with the SEC to outline why a particular shareholder proposal should be excluded from the proxy. Shareholder proposals and the related no-action letters filed with the SEC serve as important indicators of what will happen during the proxy season.
As we are at the top of the 2014 proxy season, no-action letters filed over the past few months reflect some key trends that might be of...
The management team of International Flavors & Fragrances Inc. (IFF) participated in the closing bell ceremony at the New York Stock Exchange (NYSE) to commemorate the company’s fiftieth anniversary of trading on the NYSE and longstanding affiliation with the Exchange.
To mark the occasion, the Company invited Alexandra A. Herzan, who is a director of IFF and member of the founding family, to ring the closing bell. She was joined on the podium by Chairman and CEO Doug Tough and other members of IFF’s management team.
IFF celebrates its 125th year anniversary in 2014.