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Composite Portfolio Daily Close Report (5/9/13)

|Includes: AAPL, ABBV, CTB, Ditech Holding Corporation (DHCP), HLF, LULU, MO, PRTA, RAI, VZ

NASDAQ Composite -0.12%
Dow Jones Industrial Average -0.15%
S&P 500 -0.37%
Russell 2000 -0.43%
Climbers and Dogs -0.24%
Widows and Orphans -0.35%
Pretty Girls and Railroads -0.75%
Cumulative -0.45%
  • ResCap bankruptcy timing to be criticised
    May 09 2013 23:43 BST
    The court-appointed examiner into the bankruptcy of Residential Capital is expected to criticise the timing of the mortgage unit's Chapter 11 filing and its relationship with its parent company, Ally Financial, the former financing arm of General Motors, people familiar with the matter say. The report, which could be issued...
  • JPMorgan sued over 'unlawful' card debt suits
    May 09 2013 23:42 BST
    JPMorgan Chase has been sued by California's top law enforcement official for allegedly flooding the state's courts with thousands of "unlawful" suits aimed at collecting credit card debts. The state's attorney-general, Kamala Harris, filed suit against JPMorgan on Thursday, saying the bank "engaged in widespread, illegal robo-signing, among other unlawful...
  • Retailer leaps on Microsoft Nook bid talk
    May 09 2013 20:18 BST
    Barnes & Noble shares surged almost 22 per cent on Thursday after reports that Microsoft was looking to acquire the digital assets of Nook Media, its joint venture with the US bookseller. According to leaked internal documents obtained by technology industry website TechCrunch, Microsoft is proposing a $1bn offer to...
  • Apple's 'iRadio' talks hit royalties snag
    May 09 2013 19:52 BST
    Apple's much-anticipated music streaming service has hit a stumbling block as label owners are split over the terms for what industry executives have dubbed "iRadio". Despite signing up Universal Music, the largest of the record label majors, the iPhone maker is still negotiating terms with Sony Music, the second-largest recorded...
  • Daydreams of supervising Dimon
    May 09 2013 19:29 BST
    We all have our fantasies. Some dream of riches, others of romance. I find myself thinking a lot these days about who would make a good independent chairman of JPMorgan Chase. My daydreams have been stirred by all the talk around town about the possibility that JPMorgan will strip Jamie...


Portfolio Movers


Gainers Today's Market Change
Walter Investment Management Corp
Lululemon Athletica Inc
Prothena Corporation PLC
Herbalife Ltd
AbbVie Inc
Losers Today's Market Change
Cooper Tire & Rubber Co
Apple Inc
Verizon Communications Inc
Reynolds American Inc
Altria Group Inc

Disclosure: I am long WAC, LULU, PRTA, HLF, ABBV, CTB, AAPL, VZ, RAI, MO.