US stocks bounce back after long weekend
US stock markets opened strongly on Tuesday, in the first session after an extended holiday weekend.
The Dow Jones Industrial Average rose 98.69 points (1.02 percent) to 9,785.55 in opening trades.
U.S. stock markets are rising on the back of gains in the European and Asian markets and bolstered by comments from the Australian central bank.
The [...]
Factory Orders tumble much more than expected
New orders for factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed on Friday.
The Commerce Department said Friday that orders for manufactured goods decreased 1.4 percent in May. It was the biggest drop since [...]
US existing-home sales drop drastically
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
The National Association of Realtors reported that existing home sales dipped 2.2% last month to a seasonally adjusted annual rate of [...]
Rockland Trust launches mutual funds, combine assets with Bright Rock Capital Management
Rockland Trust in Hanover has launched its first two mutual funds .The Trust seeks alternative revenue sources beyond its traditional offerings, the Patriot Ledger reports.
Rockland Trust is also pleased to announce the establishment of Bright Rock Capital Management, LLC (Bright Rock) a wholly owned subsidiary dedicated to institutional investment management. Beginning today, Bright [...]
50 years imprisonment for Scott Rothstein over investment scam
Scott Rothstein learned Wednesday, just months after his Ponzi scheme imploded, that he will spend the next 50 years of his life in prison.
“I am truly and deeply sorry for what I have done. I don’t expect your forgiveness. I don’t,” Rothstein said in court according to the Sun-Sentinel. “I am ashamed and embarrassed.”
He apologized [...]
Shell acquires U.S. Shale assets in $4.7 billion deal
Royal Dutch Shell, the Anglo-Dutch oil and gas producer, said Friday that it had struck a deal to buy most of the assets of East Resources for $4.7 billion in cash, moving into the coveted sector of natural gas contained in shale deposits.
As part of the deal, Shell will obtain new positions in [...]
U.S. stocks slid, DOW Jones at lowest level since Feb. 2010
U.S. stocks thudded lower at Tuesday’s start, taking the Dow Jones Industrial Average below 10,000 for the first time since February. Investors sold assets at large as worries escalated about Europe’s debt trouble and rising tensions in Korea. The Dow Jones Industrial Average fell 218.48 points, or 2.1%, to 9,848.09. The S&P 500 Index [...]
