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|S&P 500 +0.04%|
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JC Penney shares rise as short interest drops
May 13 2013 15:17 BST
US stocks retreated from record highs in early activity on Monday, despite stronger than expected US retail sales data that provided some relief to investors worried over a possible slowdown in the world's largest economy. The S&P 500 dropped 0.4 per cent to 1,626.82 in the first thirty minutes of...
Global shale revolution threatens Gulf petrochemicals expansion
May 13 2013 11:16 BST
Middle East energy producers have long bet on petrochemicals as a way to diversify their economies away from reliance on oil and gas revenue. Industry experts predicted that as US and European plants shut down because of high feedstock costs, the Middle East would become the sector's new centre of...
Elan seeks to weaken hostile bid with $1bn Theravance deal
May 13 2013 09:15 BST
Elan, the Irish drug company facing a hostile bid from Royalty Pharma, has unveiled a $1bn investment in Theravance, the speciality respiratory drug company. In exchange for Elan's cash, Theravance will pay the Irish company 21 per cent of future royalties on its four experimental medicines under development in partnership...
Winkler apologises over Bloomberg privacy issue
May 13 2013 06:25 BST
Matthew Winkler, editor-in-chief of Bloomberg News, has attempted to draw a line under the issue of questionable use of private information by apologising and asserting that its reporters could not see clients' trading or portfolio information, or their messages to each other. In an editorial published on Sunday night in...
Silicon Valley immigration lobby group loses backers
May 13 2013 00:11 BST
An alliance of prominent technology industry leaders that has been promoting US immigration reform has lost two of its early backers, after its controversial tactics stirred up anger among environmental and progressive organisations. The departures follow a decision by the group, called Fwd.us, to fund TV adverts supporting issues like...
|Gainers||Today's Market Change|
SK Telecom Co Ltd
Kansas City Southern
|Losers||Today's Market Change|
American Capital Agency Corp
Anworth Mortgage Asset Corp
Resource Capital Corp
Eaton Vance Tax-Advantaged Bond and Options Strategies Fund