Author: FX_Trdr

Apollo Group (APOL) was upgraded by Deutsche Bank (DB) from sell to hold with a price target of $17 as the firm believes that the current stock price provides investors with an attractive entry point. Shares are higher by about six percent.

Dow Hits All-Time High: What?s Next for Lofty Stock Market?US futures rise; Dow closes in on record highChina Bank Securitizing U.S. LoansRBS plans IPO for U.S. arm Citizens in next two years

Britain’s Finance Minister George Osborne was isolated when he met with his EU counterparts on Tuesday, as the UK is the only member state which wants to water down a European cap on bankers’ bonuses. The City of London is the region’s financial centre, and the British government is afraid of an exodus of bankers and staff. Joanna Partridge reports

Daimler CEO Zetsche sees European sales pick up later in 2013Renault CEO: Carmakers must push outside EuropeCar makers warn of weak European market for yearsFiat CEO says has had informal talks on Chrysler financing

Ferrari to sell new supercar for 1 million eurosSenate Report Said to Fault JPMorganMeggitt says U.S. unit cleared of 787 fire blameEgypt is in for trouble with or without the IMF

Fiat CEO says has had informal talks on Chrysler financingAfghanistan Convicts 21 in Kabul Bank ScandalEconomists were opposed to automatic spending cutsBernanke: Premature Fed pullback could ‘short-circuit’ recovery

Dean Foods (DF) was upgraded by KeyBanc (KEY) to buy with a price target of $21, as the structural transition undertaken by the company that will make it a fluid milk pure play should drive the price higher. Shares are lower by about a third of a percent.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

President Barack Obama has tapped Wal-Mart’s Sylvia Mathews Burwell as his next budget chief, thrusting her into the center of Washington’s heated partisan budget battles.

Economists were opposed to automatic spending cutsPresident Obama is not the Jedi you’re looking forCongress Passes Reauthorization of Violence Against Women ActObama faces deadline on gay marriage case