Every day we hear about companies breaking through to the next level of the business world with new products and services. But how do companies access the technologies and discoveries to bring the world revolutionary products - from Gatorade to Google - and be recognized as leaders in their field? One way of course is through their own research and development departments. But for all companies (Merck, J&J, Microsoft and other big spenders included) the vast...
With the help of an on-time British Airways flight, Infosys CEO S. D. Shibulalbecame the first listed company executive to ring the opening bell on an NYSE Euronext European market and the closing bell on the NYSE Euronext US market, on the same day.
The cross-Atlantic celebration marked Infosys' cross-listings on NYSE Euronext markets in London and Paris (both 2.20.13), and its earlier listing on the New York Stock Exchange (12.12.12). With Infosys already listed in Mumbai, Infosys shareholders now have an effective round-the-clock trading window and can transact in 3 currencies: US dollars, euros, and rupees.
Officials and guests of Newedge and Millennium Partners will visit the New York Stock Exchange. John Bonello and James Veale, Portfolio Managers of Millennium Partners, and Ben Fitch, US Head of RV execution at Newedge, will ring The Opening Bell
Breakfast Bites: Equities are trading in negative territory this morning following up from the cautious / conservative tone set by the Fed minutes yesterday and on the heels of a disappointing jobless claims report and as consumer price index remained unchanged in January. Finally, to top it off, the Philadelphia Fed Manufacturing Index tanked
The cost of living in the U.S. (CPI) was little changed (0.0%) in January for a second month as a drop in energy costs made up for gains in other goods and services. The consumer price index rose 0.3 percent excluding volatile food and energy prices
Initial claims for jobless benefits rose to 362,000 more than the 350,000 expected.
Americans remain pessimistic about the economic outlook in February as rising gasoline prices compound the damage done by a higher payroll tax.
U.S Index of leading economic indicators rises to 0.2%for January
Stocks opened in negative territory today. Lingering concerns regarding the FOMC’s minutes from yesterday’s meeting and multiple economic reports will be the focus today. In the euro zone, the division between prospering Germany and struggling France is more evident according to recent PMI reports.
On the economic calendar today, the Consumer Price Index for January will be out, 0.1% is expected compared with 0.0% for December. The Department of Labor will release jobless claims for week ending February 16; 355K is forecasted versus 341K for the period prior. In addition, leading indicators will be out and 0.2% is expected versus 0.5% for the prior period.
The dollar is down against the Japanese yen and down against the euro. Gold is trading at $1,570.50. Crude oil is currently trading at $93.93 a barrel.
Yesterday, stocks ended lower, after the FOMC meeting minutes showed that some members are saying that the bond buying program may need to end...