Latest Finance Stories

LONDON, June 19, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. The U.S. equity market moved higher for a second successive day on Tuesday, June 18, 2013, even as investors continue to wait for the Federal Reserve's monetary policy statement. The Fed's latest statement, which is scheduled to be released on Wednesday, June 19, 2013, is expected to provide hints on when the central bank will start tapering its $85...

Editor Note: For more information about this release, please scroll to bottom LONDON, June 19, 2013 /PRNewswire/ -- A report released by the Commerce Department on Tuesday, June 18, 2013, showed that U.S housing starts rose 6.8% in the month of May to a seasonally adjusted 914,000 annual rate. Meanwhile, applications for one-family home construction rose at the fastest pace in five years in May. The data once again highlights the ongoing recovery in the U.S. housing market....

SHREWSBURY, N.J., June 19, 2013 /PRNewswire/ -- Financial Advisor and Private Wealth magazines announced that Dr. Dambisa Moyo, Barry Ritholtz and Jim Rogers will be the keynote speakers for their 4th Annual Innovative Alternative Investment Strategies Conference in Denver on July 22-23 at the Colorado Convention Center. (Logo: http://photos.prnewswire.com/prnh/20130619/NY34123LOGO ) The conference will feature over 60 sponsors and 70 speakers selected specifically for their...

LONDON, June 19, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Drug manufacturers in the U.S., as well as globally, have been facing increasing competition from generic drug makers following the expiration of patents on several blockbuster drugs. In 2013 alone, patents on drugs with annual sales of nearly $30 billion are set to expire. This will lead to further generic competition. The "patent cliff" has created...

Editor Note: For more information about this release, please scroll to bottom LONDON, June 19, 2013 /PRNewswire/ -- The U.S. equity market rallied for a second successive trading session on Tuesday, June 18, 2013, even as market participants remained focused on the Federal Reserve's monetary policy meeting. The Fed began its two-day meeting yesterday. Investors are now focusing on the Fed's monetary policy statement which is scheduled to be released on Wednesday, June 19, 2013....

LONDON, June 19, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Mobile computing has emerged as one of the major trends in the U.S., as well as in the global, tech sector. The growth in mobile computing has come at the expense of the PC market. With more and more people switching to smartphones and tablets, the shift to mobile computing is expected to continue. The key for technology companies, therefore, will be to...

FORT LEE, N.J., June 19, 2013 /PRNewswire/ -- Empire Resources, Inc. (NASDAQ: ERS) announced that its Board of Directors has declared a regular dividend of $0.025 per share. The cash dividends are payable on July 17, 2013 to stockholders of record at the close of business on July 5, 2013. The Board of Directors intends to review its dividend policy on a quarterly basis and make its determination based on profitability, free cash flow and the other requirements of the business....

NEW YORK, June 19, 2013 /PRNewswire/ -- Riverstone Holdings LLC ("Riverstone"), a leading energy and power investment firm, has closed its latest conventional energy private equity fund, Riverstone Global Energy and Power Fund V, L.P. ("Fund V"), with total commitments of $7.7 billion. The Fund's original target was $6 billion. (Logo: http://photos.prnewswire.com/prnh/20120319/NY72113LOGO-a ) Fund V will pursue the same investment strategy that Riverstone was founded on 13 years...

MOSCOW, June 19, 2013 /PRNewswire/ -- A consortium of the Russian Direct Investment Fund (RDIF), Titan International, Inc., one of the world's largest manufacturers of agricultural and industrial tires, and One Equity Partners (OEP), a global private equity fund and a subsidiary of JP Morgan Chase & Co, have reached an agreement in principle with Cordiant to invest in Voltyre-Prom, a leading Russian agricultural and industrial tire manufacturer. The transaction is...

Complete Auto Loans' latest guide shows first time buyers the ropes for auto loans. Seattle, Washington (PRWEB) June 18, 2013 According to CAL, many first time car buyers find trouble with typical loan application processes. They aim to alleviate this by providing a few tips in their latest article titled “Bad Credit Auto Loans Make First Time Buying Easy”. Complete Auto Loans explains that there are several problems with applying for bad credit auto loans without a plan. They...