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[ November 23, 2014 | Author: Admin | Views: 39379 | Weather: | Mood: normal]

Stocks were higher in morning trading Wednesday as investors were encouraged by banking industry earnings that support a broadly positive view of the economy. The Dow Jones industrial average rose 0.2% to 16,404 and the Standard & Poor’s 500 index gained 0.2% to 1,843. The Nasdaq composite index jumped 0.4% to 4,200. Bank of America, the nation’s second-largest bank, reported Wednesday that its profit surged in the fourth quarter and loans on its balance sheet continue to improve. Shares climbed 3.5% to $17.35 in early trading. That follows results from JPMorgan Chase and Wells Fargo that topped earnings forecasts on Tuesday. Technology stocks were also among the early gainers: Apple rose more than 2% to $558.95; Microsoft was up 1.7% to $36.40; Intel gained 0.8% to $26.73. 10 Best Tech Stocks For 2015: Pegasystems Inc.(PEGA) Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes primarily in the … Continue reading

[ November 23, 2014 | Author: Admin | Views: 45514 | Weather: | Mood: normal]

A surprise jump in the Producer Price Index, and a combined decline in consumer sentiment, sent the S&P 500 Index (SNPINDEX: ^GSPC  ) down Friday, as stocks ended lower for the week, as well. Ending at depressed levels for the third time in four weeks, the index fell 9 points, or 0.6%, to end at 1,626. But it wasn’t dim macroeconomic data that drove down shares in three of today’s worst-performing S&P stocks — all of them had their own disappointments to deal with. Leading off the list is a familiar name: Cliffs Natural Resources (NYSE: CLF  ) , which mines for coal, iron ore, and other resources. The company saw shares slump 5.1% today after it held up the environmental assessment of a chromite project in Ontario earlier this week. Citing certain “unresolved issues,”the company is delaying the launch of the operation until it ensures its compliance with Canada’s laws — … Continue reading

[ November 23, 2014 | Author: Admin | Views: 96821 | Weather: | Mood: normal]

Well, that didn’t take long. It’s only been a few days since Defense Distributed debuted its working 3-D printed, all-plastic gun and, as they suggested was a possibility, the government has swooped in andseized the company’s website. The U.S. State Department ordered the gun maker to remove the 3-D plans for the Liberator because it violated the International Traffic in Arms Regulation, a law designed to stop the export of weapons. In its letter to Defense Distributed, the government agency said that under ITAR,”disclosing (including oral or visual disclosure) or transferring technical data to a foreign person, whether in the United States or abroad, is considered an export.” So uploading files to the Internet is now considered “exporting.” While Defense Distributed has complied with the government’s demand to take down the files, it’s not so easy to put the toothpaste back in the tube. Before the State Department acted, the … Continue reading

[ November 23, 2014 | Author: Admin | Views: 48440 | Weather: | Mood: normal]

After a dormant couple of months, broker-dealer mergers and acquisitions came to life Tuesday when Hilltop Holdings Inc. and SWS Group Inc., the parent company of Southwest Securities Inc., said that they have entered into a definitive merger agreement. SWS shareholders will receive cash and Hilltop stock worth $7.88 a SWS share. Hilltop, which owns a bank mortgage lender and another financial services firm, First Southwest Co., already controls 24% of SWS common stock. In January, Hilltop offered to acquire for $7 a share the remaining outstanding shares of SWS that it didn’t control. Investors are therefore seeing a 12.6% premium over Hilltop’s original offer. Top Bank Companies To Buy Right Now: Orange County Business Bank (OCBB) Orange County Business Bank is Orange County’s elite full-service commercial bank. The Company is a capitalized bank in Southern California. The Company is serving the needs of businesses and professionals throughout Orange County. … Continue reading

[ November 23, 2014 | Author: Admin | Views: 49052 | Weather: | Mood: normal]

Ford Motor Company (F) announced on Wednesday the addition of two new board members. The automaker named James P. Hackett and John C. Lechleiter as the newest members of the company’s board of directors. Hackett’s new role will begin immediately, while Lechlieter will officially join on October 1, 2013. Hackett is currently the CEO of Steelcase, Inc–a furniture maker–and also serves on the board of Fifth Third Bancorp, the National Center for Arts and Technology, and theGerald R. Ford School of Public Policy and Life Sciences Institute at University of Michigan. Lechlieter is the President and CEO of Eli Lilly and Company, one of the largest pharmaceutical firms in the world, and also serves on the board of Nike, Inc, United WayWorldwide, Xavier University, the Central Indiana Corporate Partnership and the Life Sciences Foundation. 5 Best Life Sciences Stocks For 2015: Poly Shield Technologies Inc (SHPR) Poly Shield Technologies Inc. … Continue reading