by David Zeiler
Democrats and Republicans alike in Washington are unhappy about the increasing number of so-called tax inversion deals – a merger between a U.S and a foreign company specifically designed to allow the U.S. company to escape America's high corporate tax rate.
Over the past 10 years about 50 U.S. companies have done it, costing the U.S. billions in lost taxes.
Stock market today, July 28, 2014: U.S. stock markets were up modestly on Monday ahead of a critical round of data that will be released by the federal government this week.
Today, a report indicated that the services sector reached a four-and-a-half-year high, creating new optimism about the nation's economic recovery. On Wednesday markets will see their first glimpse of second-quarter GDP, while Friday centers on the July unemployment rate.
Here are the top stories from the U.S. stock market today…
The Virgin America IPO watch is officially underway today (Monday), as the U.S. airline has publicly filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering.
Investors have been anticipating a Virgin America IPO for months as the company finally posted its first profit last year. In 2013, Virgin reported earning $10.1 million on $1.4 billion in revenue.
by Diane Alter
Dividends constitute an ever-growing percentage of personal income, making up 5.64% of U.S. per capita personal income in 2012.
The good news for investors looking for more dividend income is that companies have been generous with their payouts in 2014, with 696 dividend boosts reported in Q2 2014 compared to 591 hikes posted in 2013's second quarter.
The Synchrony IPO will take place on Thursday, and it's expected to raise approximately $3.1 billion. That would easily make it the largest IPO of 2014 so far, outpacing the $2.6 billion raised by Ally Financial Inc. (NYSE: ALLY) from April.
And while Synchrony Financial (NYSE: SYF) will be the biggest IPO to watch this week, it's just one of 22 companies going public.
Here's a look at the Synchrony IPO and the rest of this week's initial public offerings...
by Jim Bach
After speculation last week that online real estate search engines Zillow Inc. (Nasdaq: Z) and Trulia Inc. (NYSE: TRLA) would combine their assets for a merger, the companies made this move official before markets opened this morning (Monday).
Trulia stock opened up 12% on the announcement, and Z opened down 4.2%.
But long-term, here's why this deal will fail to improve the new company's profitability...
by Diane Alter
Family Dollar stock (NYSE: FDO) was up more than 20% on news it’s being bought by Dollar Tree (Nasdaq: DLTR).
Here’s why investors are so happy about the deal…
DJIA today, July 28, 2014: The Dow Jones posted a 123-point loss on Friday, while other U.S. markets also finished in the red on poor earnings outlooks and news that the economy may not have recovered as much as expected in the second quarter.
Shipments of capital goods slipped by 1% in June, marking the third consecutive month of declining volumes. Meanwhile, gold prices bounced back from a five-week low, recovering to finish above $1,300 an ounce. All eyes will be on the initial release of second-quarter GDP on Wednesday.
Six years after the financial crisis, the SEC finally concluded a four-year battle with financial industry lobbyists to toughen regulations governing money market funds. Readers may remember that a run at the $62.5 billion Reserve Primary Fund during the 2008 financial crisis brought the multi-trillion money market industry to a standstill. And it required federal […]
by Tara Clarke
Stock market news, week ending July 25, 2014: The S&P 500 hit record highs on Tuesday, Wednesday, and Thursday, while the Dow Jones Industrial Average struggled this week to stay over the 17,000 point threshold it first obtained on July 3.
In the week before, Malaysia Airlines Flight 17 was shot down, likely by separatist rebels in Ukraine, causing the Dow to tumble to 16,976.81 on July 17. It opened this week at 17,092.02 points, and finished at 16,960.28.
These were the top stories in stock market news...
