US News

Now you see it.  Now you don’t.  You’ve watched it for months.  Now, suddenly it’s gone.  Where did it go?  No one knows.  How did President Obama and the US Congress do that?  The simple answer is sleight-of-hand prestidigitation. Please don’t misunderstand.  The magic was not in making the Fiscal Cliff disappear.  The magic was […]

The Japanese yen fell to an 18-month low against the euro after the US House of Representatives voted in favour of measures to avert a series of tax-rises and spending cuts, known collectively as the fiscal cliff. After the vote was announced the euro soon rose to 115.995 yen. This was followed by the USD […]

Giant Interactive Group Inc. (NYSE:GA): The stock trades at low P/E ratio of 6.5 and it appreciated 32.6 percent in past 52 weeks. Giant Interactive Group is involved in the business of developing and marketing online games. It is based out of the Peoples Republic of China.

From our Washington Correspondent: Following a series of protracted negotiations the US government reached an agreement to prevent the implementation of a series of tax rises and spending cuts, known as the “fiscal cliff”. Global markets responded positively to the news with the FTSE100 passing 6000 for the first time since July 2011 and Hong […]

– Breaking News – Following the apparent resolution of the US Fiscal Cliff saga, the FTSE is back above 6000 for the first time since the summer slump kicked off in July 2011. The breakthrough is not solely down to the Fiscal Cliff agreement, as 2012 saw a global rally in equities whilst central banks […]

Duff & Phelps Corporation (NYSE:DUF): The company has agreed to be taken private by a consortium led by Carlyle Group. The entire deal is worth $665.5 million and the company stock is valued at $15.55 per share. It is currently trading at $15.77, up 20.84 percent.

Research in Motion Limited (NASDAQ:RIMM): The Canadian telecom company announced the sale of NewBay unit as a part of its restructuring plans. The company had bought the unit for $100 million and the sales deal is reported to have been struck at $55.5 million.

Gold has been performing well for quite some time now. If you are looking to diversify your investment and planning to venture beyond equities and mutual funds, then commodities is the way to go.

Rite Aid Corporation (NYSE:RAD): The stock is trading $1.40, up 7.05 percent from its previous close of $1.31. Rite Aid Corporation posted its first profit in 21 quarters.

MannKind Corp. (NASDAQ:MNKD): This development stage biopharmaceutical company saw great insider interest. The company CEO and Chairman Alfred E Mann bought 40 million shares at the average purchase price of $2.59. The entire transaction was worth $103.6 million.