US News

As we predicted on 18 March, Alibaba, the mainland China mega e-commerce company, has filed its initial paperwork for an IPO in New York. Although it is not clear on which exchange the shares will trade, insights and expectations, both positive and negative, are running high. Positive Insights and Expectations The primary focus of positive […]

NYSE Regulation has “determined that the company is no longer suitable for listin” The New York Stock Exchange announced today that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the American Depositary Shares (Each representing six Common Shares, no par value) of Desarrolladora Homex, S.A.B. de C.V. (NYSE:HXM) from the […]

Prudential Bancorp (Nasdaq:PBIP), the holding company for Prudential Savings Bank (the “Bank”), has reported net income of $535,000, or $0.06 per basic and diluted share, for the quarter ended March 31, 2014 as compared to $14,000 or $0.00 per basic and diluted share, for the comparable period ended March 31, 2013. For the six months […]

Stock to begin trading at split-adjusted price May 7 under temporary symbol “SSETD” StarStream Entertainment, Inc. (OTCQB:SSET), announces a reverse split of its outstanding common stock at a ratio of 1-for-3. The reverse stock split will be effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace at the open of business May […]

Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2013 The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2013 have been released by the US Treasury. The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board […]

My day did not end well yesterday. In my ADVFN story, “How Will Weak US Economy Affect Us?” I warned of gloom and doom on the world economic scene as a result of a weak US first quarter.  I pointed to the Dow Jones, the S&P, and the Nasdaq all opening down following the release […]

There are not many happy headlines this morning in the US after markets opened sharply lower on reports that “The U.S. economy slowed in the first quarter to one of the weakest paces of the five-year recovery .” Against an expectation of a 1.1% increase in GDP, the US gained a mere 0.1%. Combine that with […]

Corporate Bonds to be delisted The New York Stock Exchange announced today that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the corporate bonds of Energy Future Holdings Corp. and certain of its subsidiaries from the NYSE as noted below: – Symbol Corporate Bond – TXU 19 Energy Future Holdings […]

The London market has closed for the day, but on the left side of the Atlantic MGM Resorts International (NYSE:MGM) investors are having a party.  MGM’s share price is up 8.58% in early afternoon trading to 24.995 following the company’s first quarter financial results. Yesterday MGM wowed its investors – and a whole lot of […]

Northcote energy, (AIM:NCT), has released an update on its Zink Ranch Project, located in Osage County, Oklahoma. · First two recompletions completed (55% working interest and 45.45% net revenue interest) – initial production rates will be provided in due course · Further 12 recompletions scheduled during 2014 at Zink Ranch · The recompletions provide access […]