Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Composite Portfolio Midday Report (7/29/13)

|Includes: ALSK, CEL, CP, EBIX, Elan Corporation, plc (ELN), FRO, HTS, MXA, RAI, VHI
Pretty Girls and Railroads     -0.03%      
Widows and Orphans     -0.11%      
Climbers and Dogs     -0.59%      
Total     -0.23%    


  • Perrigo / Elan: tax shopping
    Jul 29 2013 16:34 BST
    Remember the quaint old days, when mergers aimed for cost savings? Ah, the deals of yesteryear. It is all about taxes now. When Actavisbought Ireland-based Warner Chilcott earlier this year, the lower tax rate in the target's domicile was a key attraction. Perrigo, a US generic drugmaker, is also moving....
  • Mortgage Reits suffer on rate rise fears
    Jul 29 2013 15:57 BST
    Deteriorating prices for US agency mortgage-backed securities are driving steep declines in real estate investment trusts that invest in the bonds, even as the broad market for fixed income and equities has rallied after a May sell-off. Shares in the two largest mortgage Reits by market capitalisation, Annaly Capital Management...
  • BAT is first tobacco company to enter UK's e-cigarette market
    Jul 29 2013 15:48 BST
    British American Tobacco will become the first tobacco company to launch an e-cigarette in the UK, as City analysts debate the likely effect of the new category on the UK's $24bn cigarette industry. The UK's largest tobacco company by market capitalisation will start selling "Vype" from a dedicated website on...
  • Cash call fears knock Barclays shares
    Jul 29 2013 09:48 BST
    Shares in Barclays made the biggest single loss on the FTSE 100 on Monday amid reports the UK bank will outline a plan to boost its capital strength - potentially including a £4bn rights issue. Barclays is under pressure to disclose how it will address a capital shortfall of as...
  • Apple supplier accused of labour violations
    Jul 29 2013 09:28 BST
    A China labour watchdog has accused Pegatron, a big supplier to Apple, of employing underage workers and pressuring employees to work illegal overtime in its factories. In a new report, New York-based China Labor Watch said Pegatron's factories were "violating a great number of international and Chinese laws and standards...


Portfolio Movers
Gainers Today's Market Change
Elan Corporation PLC
Alaska Communications Systems Group Inc
Cellcom Israel Ltd
Valhi Inc
Ebix Inc
Losers Today's Market Change
Frontline Ltd
Reynolds American Inc
Minnesota Municipal Income Portfolio
Canadian Pacific Railway Ltd
Hatteras Financial Corp

Disclosure: I am long ELN, ALSK, CEL, VHI, EBIX, FRO, RAI, MXA, CP, HTS.