(MarketWatch -28-6-11) Turns out it was the companies themselves. TrimTabs says companies spent a thumping $124 billion in the first three months of the year trying to boost their share prices by buying up stock.
That works out at about $2 billion for every day the market opened.
Meanwhile, according to Trim Tabs, guess who avoided buying stock during the first quarter? Company executives. The “insiders.”
(Bloomberg 11-7-11) The best currency forecasters say the dollar’s 13 percent slide over the past year is coming to an end as Europe’s deepening debt crisis discourages bets against the world’s reserve currency.
Led by Schneider Foreign Exchange Ltd., the five most- accurate firms during the six quarters through June 30 as measured by Bloomberg see the dollar trading at $1.42 per euro on average by year-end, compared with $1.43 on July 8. Against the yen, they predict the greenback will rise to 83 from 80.64.
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
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Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal
to buy Capri, the parent company of Michael Kors, after the Federal Trade
Commiss...
39 minuti fa
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