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Composite Portfolio Midday Report (6/7/13)

|Includes: AAPL, CELG, ELN, EXD, FRO, IVR, KKR (KKR), LAD, PBI, RSO

Indexes
Dow Jones Industrial Average +1.18%
S&P 500 +1.16%
NASDAQ Composite +1.00%
Russell 2000 +0.72%
Portfolios
Pretty Girls and Railroads +1.13%
Widows and Orphans +0.93%
Climbers and Dogs +0.77%
Cumulative +0.95%
  • Fast-food wars heat up in Indonesia
    Jun 07 2013 12:52 BST
    In the heart of the vast plantation belt that stretches across Indonesia's resource-rich Sumatra island, Kentucky Fried Chicken is fighting for market share. Facing growing competition from Burger King and McDonald's as well as aggressive local rivals, the biggest fast-food chain in Indonesia is relying on a secret weapon to...
  • Royalty Pharma raises Elan offer
    Jun 07 2013 12:36 BST
    Royalty Pharma, a private equity group, on Friday raised its hostile bid for Elan, the Irish-based speciality drug company, to as much as $8bn, after receiving just 7.77 per cent acceptances for an earlier offer. Royalty Pharma, which has had two earlier offers rejected, said the new offer valued each...
  • US intelligence agency defends data surveillance
    Jun 07 2013 04:54 BST
    The Obama administration has staunchly defended the way it obtains private communications, both in the US and from abroad, amid a wave of revelations exposing the extent of official surveillance. Just a day after it emerged that the administration has been secretly collecting the phone records of its citizens, new...
  • Web groups hit back over server access claims
    Jun 07 2013 02:24 BST
    The world's largest internet companies have denied reports that they have been collaborating with the US National Security Agency by providing direct access to their servers. Apple, Facebook, Google and Microsoft said on Thursday that they complied with court orders requesting information about their customers, but refuted accusations in the...
  • Spanish banks told to brace for energy refinancings
    Jun 07 2013 01:30 BST
    Spain's government has called in its banks to notify them of a fresh round of cuts in support for the country's heavily indebted renewable energy industry ahead of a sweeping power sector overhaul to be unveiled this month. In a private meeting with leading banks and two foreign financial institutions...

 

Portfolio Movers


 

Gainers Today's Market Change
KKR & Co LP
KKR:NYQ
0.98USD+5.32%
Elan Corporation PLC
ELN:NYQ
0.67USD+5.28%
Celgene Corp
CELG:NSQ
3.99USD+3.45%
Lithia Motors Inc
LAD:NYQ
1.77USD+3.37%
Pitney Bowes Inc
PBI:NYQ
0.43USD+3.09%
Losers Today's Market Change
Frontline Ltd
FRO:NYQ
-0.08USD-4.15%
Invesco Mortgage Capital Inc
IVR:NYQ
-0.14USD-0.74%
Resource Capital Corp
RSO:NYQ
-0.03USD-0.47%
Eaton Vance Tax-Advantaged Bond and Options Strategies Fund
EXD:NYQ
-0.06USD-0.36%
Apple Inc
AAPL:NSQ
-0.98USD-0.22%

Disclosure: I am long KKR, ELN, CELG, LAD, PBI, FRO, IVR, RSO, EXD, AAPL.