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BlackRock Shifts Executive Ranks

Mon, 04/07/2014 - 11:15am
BlackRock reshuffled its management ranks over the weekend, but the world’s largest asset manager did not announce a change for CEO and co-founder Larry Fink.
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Lands’ End Begins Trading After Spinoff From Sears

Mon, 04/07/2014 - 11:08am
Lands’ End kicked off trading as a separate entity on Monday, posting heavy losses after its spinoff from struggling retail operator Sears.
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Genworth Financial Shares Down On Investor Lawsuit

Mon, 04/07/2014 - 10:18am
Genworth Financial Inc. shares fell 3% in early trading Monday after a lawsuit was announced alleging misleading statements were made by the firm, according to media reports.
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Intel Rallies On Pacific Crest Upgrade

Mon, 04/07/2014 - 10:15am
Shares of Intel Corp. rose sharply Monday morning after Pacific Crest Securities upgraded the chip giant's stock to outperform based on signs of strong corporate PC demand and potential gains in the server market.
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Honeywell Names Two Vice Chairmen, CFO In Management Shuffle

Mon, 04/07/2014 - 10:04am
Honewell promoted two executives to vice chairman and named a new CFO as part of a series of senior leadership changes that come ahead of a five-year expansion plan. 
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Apple, Yahoo In The Red As Tech Stocks Struggle Early

Mon, 04/07/2014 - 9:53am
Tech stocks started the week on a largely negative note Monday, despite the mild gains from a few sector bellwethers.
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Laclede to Pay $1.34B for Energen’s Alabama Gas Utility

Mon, 04/07/2014 - 9:44am
Laclede Group reached a deal to buy Energen’s Alabama Gas Corp. for $1.34 billion, as Energen strengthens its focus on oil and natural gas production.
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Mid-Market Report: M&A Conditions on the Rise

Mon, 04/07/2014 - 9:41am
Dealmakers polled last month reported the highest level of early-stage deal flow that they've seen in six months.
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Oil Slips Below $106 As Libya Deal Eases Supply Worries

Mon, 04/07/2014 - 9:25am
Brent crude oil fell below $106 a barrel on Monday, snapping a two-day rise, after Libyan rebels occupying four eastern oil ports agreed to end an eight-month blockade, raising the prospect of increased supply to world markets.
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Treasurys Inch Mostly Higher As Curve Steepens

Mon, 04/07/2014 - 8:40am
Treasury prices edged mostly higher Monday as the gap between intermediate- and long-term yields continued to rise.
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Vocus To Be Taken Private In $446.5 Million Deal

Mon, 04/07/2014 - 8:31am
Vocus Inc, a provider of cloud-based marketing and public relations software, said it would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million.
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Dark Markets May Be More Harmful Than High-Frequency Trading

Mon, 04/07/2014 - 8:26am
Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.
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Mallinckrodt To Buy Questcor Pharma For About $5.6 Billion

Mon, 04/07/2014 - 8:20am
Specialty pharmaceuticals company Mallinckrodt Plc will buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its lucrative drug to treat multiple sclerosis, Acthar Gel.
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Retailers Push into Crowded Mobile Payment Market

Mon, 04/07/2014 - 8:11am
Big retailers are muscling in on the likes of Visa, MasterCard and Google in a fiercely competitive and growing mobile payment market that promises to cut transaction costs and increase customer loyalty.
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Russian Stocks Slump Amid Clashes In Crimea

Mon, 04/07/2014 - 8:07am
Russian stocks slid on Monday, with the MICEX index posting one of the biggest country-specific losses in Europe as the Ukraine-Russia conflict kept investors on edge.
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Gold Steady As U.S. Jobs Data Soothes Interest Rate Concern

Mon, 04/07/2014 - 7:57am
Gold inched lower on Monday, steadying around $1,300 an ounce following its biggest one-day jump in three weeks, as investor worries about an early U.S. interest rate hike eased after a monthly jobs report failed to meet market expectations.
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Shares In Roche Drop 1.4% On IQuum Acquisition

Mon, 04/07/2014 - 7:54am
Shares in Roche Holding AG fell 1.4% after the Swiss cancer-drug specialist said it has acquired privately held Massachusetts-based IQuum in a deal worth $450 million.
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Report: SEC Forms Squad To Examine Private Funds

Mon, 04/07/2014 - 7:53am
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, according to people familiar with the matter.
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ECB's Mersch Says QE Being Considered If Needed: Report

Mon, 04/07/2014 - 7:50am
The European Central Bank is sketching out plans for asset purchases if they are warranted, but an immediate program launch doesn't appear likely, Yves Mersch, a member of the bank's executive board, reportedly said Monday.
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Qualcomm Talks Up Future Top-Tier Smartphone Chip

Mon, 04/07/2014 - 7:38am
Qualcomm gave details about a future high-end smarthphone chip with faster downloading speeds and 64-bit technology.
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