Iran Asks for OPEC Meeting to Discuss Violation of Oil Output Norm By Members

New York, June 30 (FinanceEnquiry.com) – Iran, the second-biggest producer of oil, reeling under the Western sanctions has called for an extraordinary Organization of Petroleum Exporting Countries (OPEC) meeting to discuss the disparity between high outputs and low price. Expressing concern for...

Dice Holdings Takes Over FINS.com

New York, June 30 (FinanceEnquiry.com) – Dow Jones & Co has sold its financial career site, FINS.com to Dice Holdings Inc, a well known career website company pushing its stock up by 4% to close at $9.39 on Friday. Apart from FINS.com asset purchase deal, Dice also agreed to run online career...

ECB May Announce Interest Rate Cuts Next Week

New York, June 30 (FinanceEnquiry.com) – Sensing the buoyant market mood, factored by euro deal, the European Central Bank is expected to announce substantial interest cuts next week to give further fillip to European economy. Meanwhile, the markets have positively responded to the slew of measures...

Orexigen Therapeutics Value Skyrockets By 77% On Diet Drug Possibilities

New York, June 30 (FinanceEnquiry.com) - Orexigen Therapeutics (NASDAQ: OREX) which has developed a diet drug ‘Contrave’ got the fillip this week when markets became aware of similar prescription being approved by the US Food and Drug Administration for its rival, Arena Pharmaceuticals. Stocks went up...

Gold Futures Markets Go Up, Investors Expect Euro Deal To Be A Trigger For Further Push

New York, June 30 (FinanceEnquiry.com) - The most favored metal, Gold came out shining as the European leaders amicably resolved their differences and expressed their intentions to recapitalize debt ridden European banks. Last day of the week, Friday, investors were more than happy to participate in Gold...

US Administration Welcomes Euro Deal, Warry About Any Early Celebration

New York, June 30 (FinanceEnquiry.com) - Although, euro zone members never liked US issuing homilies to European Union about its euro debt crisis, US government has welcomed the slew measures announced yesterday. White House spokesman Jay Carney said, ‘It is encouraging that leaders are looking at ways to...

EU Ray Of Hope For Spain, Italy Buoys Markets

New York, June 30 (FinanceEnquiry.com) – Dark clouds looming over Europe’s horizon seem to have  dispersed, at least for the time being. European leaders on Thursday for the first  time in many months did not just meet for the sole purpose of agreeing to disagree on everything. Under severe...

USD 10 Million Ring Fight for Chris and Drake

New York, June 30 (FinanceEnquiry.com) - The ‘Take Care’ rapper  Drake and his rival Chris Brown  have been offered $10 million to fight each other in a boxing ring following the violent bar fight between the two at the Whip nightclub at Manhattan, New York  earlier this month. The promoters...

Citi Group Keeps BUY Rating on Nike (NYSE: NKE), Target Price Reduced

New York, June 30 (FinanceEnquiry.com) – Analysts at Citi Group keep BUY rating on the shares of Nike (NYSE: NKE). The 12-month target price has been reduced from $123 to $98. In a research note published yesterday, the analysts mention that NKE’s earnings and subsequent guidance for FY13 were...

Goldman Sachs Keeps NEUTRAL Rating on Accenture Plc (NYSE: ACN), Target Price Reduced

New York, June 30 (FinanceEnquiry.com) – Analysts at Goldman Sachs keep NEUTRAL rating on the shares of Accenture Plc (NYSE: ACN). The 12-month target price has been reduced from $58 to $55. In a research note published yesterday, the analysts mention that the model has been adjusted to indicate CAN’s...

Brean Murray Carret Reiterates BUY Rating on Walter Energy (NYSE: WLT), Target Price Reduced

New York, June 30 (FinanceEnquiry.com) – Analysts at Brean Murray Carret reiterate BUY rating on the shares of Walter Energy (NYSE: WLT). The 12-month target price has been reduced from $81 to $63. In a research note published yesterday, the analysts mention that mainly due to an exceed on the cost side,...

Piper Jaffray Initiates Henry Schein (NASDAQ: HSIC) with NEUTRAL Rating

New York, June 30 (FinanceEnquiry.com) –Analysts at Piper Jaffray initiate NEUTRAL rating on the shares of Henry Schein (NASDAQ: HSIC). The 12-month target price is set to $81. In a research note published yesterday, the analysts mention that HSIC is a leading distributor of dental, veterinarian and...