On Tuesday, November 27, executives and guests of Warwick, NY-based Warwick Valley Telephone Company will visit the New York Stock Exchange (NYSE) to celebrate the company’s recent transfer of its stock listing to the NYSE MKT from NASDAQ. WVT Communications Group began trading on NYSE MKT on Tues., November 6, 2012 under the new ticker symbol “WVT”.
In honor of the occasion, Duane W. Albro, WVT Communication Group’s Chief Executive Officer, joined by members of the company’s management team, will ring the NYSE Closing Bell.
WVT Communications Group: (NYSE MKT: WVT) WVT Communications Group is a world technology leader in providing cloud-based Unified Communications (UC) solutions for small, medium and enterprise businesses. Founded in 1902, the Company has continued to adapt and remain on the...
Ahead of the Bell: Dow futures are trading down 34 points and S&P futures are trading down 4 points as renewed worries over the pace of tax and spending negotiations in Washington have prompted investors to take some profits off the table. President Obama and the Republicans appear to be far apart on how much they are willing to sacrifice with entitlements and taxes. There also appears to be deep division at the Federal Reserve on whether the agency should provide more monetary easing. The central bank is scheduled to meet in two weeks.
On the economic calendar today, new home sales for October will be out after the opening bell, a reading of 390K is forecasted compared with 389K for September. The dollar is up against the major currencies. Gold is trading at $1,735. Crude oil is currently trading at $87 a barrel.
On 23 November, during the annual Investor’s Day organised by the Dutch Investors’ Association, the 59th FD Henri Sijthoff Prize was awarded to companies whose financial reporting is worthy of distinction.
The prize is awarded in three different categories: AEX, Mid and Small Cap, and unlisted companies. The winners are Royal DSM, Macintosh Retail Group and Airport Schiphol. The prize is the initiative of the Financieele Dagblad, in cooperation with the Professional Association of Accountants in the Netherlands (NBA). Its objective is to encourage Dutch companies to improve their standard of financial reporting.
Stocks closed lower as investors shrugged off positive economic reports and focused on the outcome of the “fiscal cliff” talks. The market was further impacted by Senate Majority Leader, Harry Reid’s comments that he is disappointed with the little progress made in discussions. European shares traded higher after Greece’s creditors secured a deal to reduce their debt by $51.9 billion.
On the economic front, the S&P Case Shiller index shows that home prices increased by 3% in September in most major U.S. cities, an indication that a housing recovery is boosting the economy.
Durable goods orders indicate that new factory orders in October were flat after rebounding 9.2% in September and dropping -13% in August.
Redbook’s measure of chain store sales reports strong sales during the week of November 24. Redbook indicates that extended store hours for Black Friday increased the results.
Breakfast Bites: Equities are trading in mixed territory this morning as anxiousness over the upcoming negotiations on the fiscal cliff has outweighed the enthusiasm that international lenders agreed to a Greece deal.
Demand for Durable Goods such as machinery and electronics climbed in October by 1.7%, the most in 5 months
Home prices rose in the year ended September by 3%, the most since July 2010 showing the recovery in the US real estate market is a source of strength for the economy
Richmond Fed Manufacturing Index rose by 9 when it was expected to decline by -9
Consumer Confidence rose in November to 73.7, the highest level in more than 4 years.
ConAgra Foods agrees to buy Ralcorp Holdings for $90 a share or roughly $5 Billion
Euro zone finance ministers reached agreement on reducing Greece's debt, which paves the way for the release of the next tranche of bailout...