Senate’s High-priority ‘rhode To Work’ Package Sees Mixed Success; Bills Stalled In House | Fox Business

Seven bills died, including five that were not considered in the House. Two didn’t get Senate votes. Senate President Teresa Paiva Weed said she’s still pleased overall with the outcome. She cited passage of bills securing an extra $1.3 million for the Job Development Fund and another that is designed to bolster the Governor’s Workforce Board and bring better statewide coordination. Several bills that stalled in the House were turned into nonbinding resolutions and passed by just the Senate before the session ended June 21. Wall Street has emerged from the financial crisis deeply changed.
Source: http://www.foxbusiness.com/markets/2014/07/06/senate-high-priority-rhode-to-work-package-sees-mixed-success-bills-stalled-in/

As a result, fund issuers have flocked to this space in recent times. Within the group, UBS ETRACS has been quite a popular player with its recent issuance being in the form of leveraged MLP. The newly launched fund – ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP) – hit the market on June 25, 2014 and could be a new way to play the space (read : Leveraged ETF Round Up: Gold Miners & Energy Advance ). The launch actually follows up an unleveraged version of the same product, which just hit the market. This ETN, the Ex-Energy MLP ETN (FMLP) has amassed about $25 million in the short time since its launch.
Source: http://www.nasdaq.com/article/leveraged-etf-launch-non-energy-mlp-etn-hits-market-etf-news-and-commentary-cm367719

ETF Spotlight: Tilting the Right Way – Yahoo Finance

The fund is trading 7.6% above its 200-day exponential moving average. The ETF tries to enhance returns by tilting the portfolio toward small-cap and value stocks. However, the focus could cause the ETF to underperform in certain market conditions, such as a bearish market environment when small-cap stocks underperform large-cap categories. Next page: The latest news ETFs Kelly Parker was thrilled when she landed her dream job in 2012 providing tech support for Harley-Davidson’s Tomahawk, Wisconsin, plants.
Source: http://finance.yahoo.com/news/etf-spotlight-tilting-way-140045882.html

New Iowa law allows for additional future votes to increase Iowa corn checkoff | Fox Business

According to studio estimates Sunday, the fourth “Transformers” film made $36.4 million in its second week of release. It’s a steep drop for the Paramount Pictures sequel, which had the year’s biggest debut last weekend with $100 million. The New Line comedy “Tammy,” released by Warner Bros., took in $21.2 million in its opening weekend, well below expectations. The Midwest road trip romp opened on Wednesday, and had a $32.9 million gross over its first five days. Sony Screen Gem’s horror flick “Deliver Us From Evil” came in third with $9.5 million in its debut. Wall Street has emerged from the financial crisis deeply changed.
Source: http://www.foxbusiness.com/markets/2014/07/06/with-364-million-in-second-week-transformers-edges-tammy-on-weak-july-4-weekend/

With $36.4 million in second week, ‘Transformers’ edges ‘Tammy’ on weak July 4 http://www.etftradingsignals.com weekend | Fox Business

Checkoff funds have been used to promote ethanol, such as sponsoring an Indy Car race. The checkoff can only be increased after farmers approve it in a referendum. The first authorization on the checkoff in 1977 set a maximum of 1 cent per bushel sold. In 2012 corn producers approved that amount, which meant state legislators had to update the law for the checkoff to go any higher. Corn promotion officials say they have no plans to increase the checkoff, which generates as much as $20 million a year. Wall Street has emerged from the financial crisis deeply changed.
Source: http://www.foxbusiness.com/markets/2014/07/06/new-iowa-law-allows-for-additional-future-votes-to-increase-iowa-corn-checkoff/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s