Late Market Update

The Securities and Exchange Commission (SEC) has proposed rules for imposing limits on mutual fund fees that the investors pay over time. These rules were unanimously approved by all agency commissioners. As per the proposal, mutual funds will need to disclose ongoing sales charges and marketing...

TJX Companies Inc (NYSE: TJX) has decided to open six Marshalls stores in Canada in 2011. The company is likely to open more stores going ahead. The locations for the stores will be announced at a later date by the company. TJX’s Chief Executive Carol Meyrowitz said, "This is another example of our...

Shares of RealD (NYSE: RLD) gained about 20% after making its debut on the New York Stock Exchange (NYSE). The company sold 12.5 million shares at a price of $16 each. The shares of Qlik Technologies (NASDAQ: QLIK) also soared more than 25% after debuting on the NASDAQ Global Market. The company...

The US Department of Transportation has recently analyzed dozens of data recorders taken from accident-riddled vehicles manufactured by Toyota Motor Corp (NYSE: TM). The analysis suggests that at the time of the accidents, throttles of some cars were wide open and brakes were not engaged. This...

Shares of Microsoft (NASDAQ: MSFT) are on the move after CEO Steve Ballmer publicized that several companies such as Sony (NYSE: SNE), Acer, Dell (NASDAQ: DELL), Toshiba (OTC: TOSBF) and Samsung are developing tablet-style devices that will run on Windows 7. Ballmer also confirmed that eBay (NASDAQ...

US stocks posted minor gains today. The consumer-staples sector, along with promising same-store sales figures of some retailers, helped the market sustain against losses in the technology sector. Stocks surged up in the earlier trading after the Labor Department reported a higher-than-expected...

Shares of Helmerich & Payne Inc (NYSE: HP) gained more than 6% after the company agreed to build and operate 7 new FlexRigs under a few multi-year term contracts. HP has signed contracts with 4 exploration and production companies. The company has not unveiled customer names as well as price of...

According to a SEC filing today, the founding partners of Kohlberg, Kravis Roberts & Co (KKR), Henry Kravis and George Roberts, will each own about 13% stake in the company after the firm will be listed on the New York Stock Exchange (NYSE). The stakes of both the partners will be worth around...

US Retail stocks have recouped some of the losses today. BJ's Wholesale Club Inc (NYSE: BJ) jumped more than 15% to grab the top spot in the sector. BJ’s shares soared after the Green Equity Investors bought a 9.5% stake in the BJ’s stock. Green Equity Investors has also contacted BJ’s management...

Moody's Investors Service is likely to downgrade Spain’s sovereign ratings due to weakening economic conditions. The ratings agency expects to cut the ratings by a maximum of one or two notches. Moody's vice president and lead analyst for Spain, Kathrin Muehlbronner, mentioned, "Spain's growth...