May 21, 2013

Hopes Increase for Upcoming IPO Offerings in the US


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Even as the IPO market in the US currently lacks activity for the summer, a number of investment bankers are somewhat optimistic that the deals will start up again by September or even increase until the end of the year.

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Vote on Money Fund Rules Called Off


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After Mary Shapiro, the Securities and Exchange Commission head lost a swing vote that would allow the rules for the mutual fund and money market industry to push through, the highly-awaited vote was called off.

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Shares of Best Buy Drop to Its Lowest Level in Nine Years


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Shares of Best Buy (NYSE:BBY) have gone down to its lowest level in nine years even as the positive quarterly results of Urban Outfitters (NASDAQ:URBN) has allowed the company to go up significantly as it outpaced all gainers in the retail sector.

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Euro Maintain Gains Prior to Debt Talk Discussion


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The rise of the euro has continued even as leaders in Europe are set to discuss how to deal with the debt crisis affecting the region. The euro continued to advance against the yen for the sixth day in a row follow reports that the governing council of…

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Anticipation for Additional Economic Stimulus by the US Federal Reserve


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Anticipation for additional economic stimulus by the US Federal Reserve resulted to an increase in Asian markets at the start of trading on Wednesday. A similar move was also anticipated to be implemented in Europe, which also contributed to the increa…

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