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Composite Portfolio Midday Report (5/20/13)

|Includes: AB, ABT, AGNC, BWP, CEL, CP, Herbalife Ltd. (HLF), IVR, RSO, XIN

Russell 2000 +0.33%
S&P 500 +0.21%
Dow Jones Industrial Average +0.07%
NASDAQ Composite +0.01%
Widows and Orphans +0.61%
Pretty Girls and Railroads +0.49%
Climbers and Dogs +0.20%
Cumulative +0.43%
  • EU oil probe widens to trading houses
    May 20 2013 15:32 BST
    The European Union investigation into the possible manipulation of oil price benchmarks has widened, with Brussels seeking now information from trading houses, including Glencore, following last week's raid on oil majors. The European Commission in recent days sent requests for information to at least Swiss-based commodities titans Glencore and Mercuria,...
  • Leadership that will mess with your head
    May 20 2013 15:13 BST
    Tony Hayward's appointment as interim chairman of Glencore Xstrata last week marked his rehabilitation, three years after he told reporters "I'd like my life back", following the fatal Deepwater Horizon explosion. The comment was particularly brainless. But what if the former BP executive had won his way back to the...
  • Greenpeace sounds alarm on oil groups after sinking of platform
    May 20 2013 13:55 BST
    In December 2011, an offshore drilling platform called the Kolskaya was being towed through the Sea of Okhotsk to Sakhalin Island in Russia's remote far east. The conditions were brutal. As a terrible winter storm raged, the Kolskaya capsized and sank. Fifty-three of the platform's 67 crew died. Investigators said...
  • Elan steps up fight against takeover bid
    May 20 2013 09:55 BST
    Elan, the Ireland-based pharmaceutical company, has stepped up its restructuring with new debt and acquisition plans in defiance of a $5.8bn hostile takeover bid by Royalty Pharma. The company said it would pay up to €534m in cash, shares and milestones - payments conditional on success of the experimental drugs...
  • FTSE 100 groups plan for decrease in tax disputes
    May 20 2013 00:03 BST
    The potential costs of global tax disputes reported by FTSE 100 companies fell by more than a third to £2.3bn from £3.6bn last year, according to research that suggested multinationals' appetite for conflict with tax authorities has waned. Only a dozen companies in the FTSE 100 listed provisions and contingent...


Portfolio Movers


Gainers Today's Market Change
Herbalife Ltd
AllianceBernstein Holding LP
Cellcom Israel Ltd
Abbott Laboratories
Xinyuan Real Estate Co Ltd
Losers Today's Market Change
American Capital Agency Corp
Canadian Pacific Railway Ltd
Boardwalk Pipeline Partners LP
Resource Capital Corp
Invesco Mortgage Capital Inc

Disclosure: I am long HLF, AB, CEL, ABT, XIN, AGNC, CP, BWP, RSO, IVR.