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Portfolio Composite Midday Report (4/3/13)

|Includes: CP, EXD, Lululemon Athletica Inc. (LULU), NOK, PRTA, PSX, PTNR, RAI, SKM, VZ

Dow Jones Industrial Average -0.43%
S&P 500 -0.79%
NASDAQ Composite -0.83%
Russell 2000 -1.14%
Climbers and Dogs -0.52%
Widows and Orphans -0.86%
Pretty Girls and Railroads -1.05%
Cumulative -0.81%
  • BP and wind farms
    Apr 03 2013 14:50 BST
    The sun may finally be setting on Beyond Petroleum. Remember that? It was BP's big push into renewable energy under former chief executive John Browne. By putting its US wind farm business up for sale this week, the company may be telling the world that an oil and gas producer...
  • Drought fears drive Monsanto profit
    Apr 03 2013 13:49 BST
    Monsanto reported a stronger than expected 22 per cent jump in quarterly earnings as US farmers' fear of a repeat of last year's drought and continued strength from its Latin America business bolstered demand for its genetically modified seeds. The company reported net income of $1.48bn, or $2.74 per share,...
  • RBS faces second lawsuit on rights issue
    Apr 03 2013 13:38 BST
    Royal Bank of Scotland and several of its former top executives are being sued by a group of shareholders who bought shares as part of the bank's £12bn rights issue in 2008, the second action in as many weeks against the bank. The RBOS Shareholder Action Group, which says it...
  • Australia eyes corporate tax transparency
    Apr 03 2013 12:20 BST
    Large multinationals including Google and Apple could have their tax arrangements disclosed to the public as part of efforts by the Australian government to clamp down on profit shifting. Under the proposals, set out in a Treasury discussion paper on Wednesday, the Commissioner of Taxation would publish the "tax payable"...
  • Lombard: Banking woes
    Apr 03 2013 01:33 BST
    A report by lawmakers should spread the opprobrium for the woes of Halifax Bank of Scotland, rescued from collapse by Lloyds in 2008. Peter Cummings, former head of corporate lending, has so far borne the brunt, receiving a £500,000 fine and a life ban from banking. Former chairman Lord Stevenson...


Portfolio Movers


Gainers Today's Market Change
Lululemon Athletica Inc
Nokia Oyj
Partner Communications Company Ltd
SK Telecom Co Ltd
Prothena Corporation PLC
Losers Today's Market Change
Phillips 66
Canadian Pacific Railway Ltd
Verizon Communications Inc
Reynolds American Inc
Eaton Vance Tax-Advantaged Bond and Options Strategies Fund

Disclosure: I am long LULU, NOK, PTNR, SKM, PRTA, PSX, CP, VZ, RAI, EXD.