US News

Change in name to reflect greater cooperation between investment and real estate operations M&G Investments, one of Europe’s leading investment managers, today announces that its property business, PRUPIM, will be renamed M&G Real Estate. The change of name is effective from the end of June. Alex Jeffrey, Chief Executive of PRUPIM, says the name change […]

Pep Boys-Manny, Moe & Jack (NYSE:PBY): The company reported higher than expected losses for its fourth quarter. Its fourth quarter loss stood at $14.5 million, up from $4.4 million in loss it had suffered for the corresponding quarter of the previous year. On per share basis, its loss has been reported at 27 cents per […]

“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]

CGI Group Inc. (NYSE:GIB): the company received rating upgrade from RBC Capital. The research firm upgraded the stock from Stock Perform to Outperform. It has also been upgraded by Citigroup which increased the rating from Sell to Equal Weight.

Energy giant furthers African operations Exxon Mobil Corporation has announced today that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than 625,000 acres (2,500 square kilometers) offshore Liberia in water depths ranging from 250 to 10,000 feet (75 to 3,000 meters). […]

Rally Software starts IPO on the NYSE Boulder based Rally Software, a leading global provider of cloud-based solutions for managing Agile software development, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol RALY after its initial public offering.   GETCO Securities, LLC is the Designated Market Maker (DMM) for […]

JPMorgan Chase & Co. (NYSE:JPM): the banking giant announced higher profit but its revenue declined. It reported 33 percent increase in net income to touch record high net income of $6.53 billion. It had reported its net income at $4.92 billion for the corresponding quarter of the last year. On per share basis, the company’s […]

  Banking giant to pay dividends on from April to June The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock): $229.17 per share of Floating Rate […]

North American home builder now listed as THMC Taylor Morrison, a leading builder and developer of single-family detached and attached homes, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TMHC” after its initial public offering. Barclays Capital is the Designated Market Maker (DMM) for the company’s stock.  President […]

Pier 1 Imports Inc. (NYSE:PIR): The stock is up despite announcing weaker than expected quarterly results and created its new 52 weeks high price point at $24.19. It reported its fourth quarter earnings at $61.7 million, down $115.2 million it had earned for the corresponding quarter of the last year. On per share basis, its […]