AAA Michigan says gasoline prices have fallen about three cents during the past week to a statewide average of about $3.63 per gallon. The auto club says Sunday the average is down about 21 cents from this time last year. Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Benton Harbor area, where it’s about $3.57 a gallon. The highest average is in the Marquette area at about $3.72 a gallon.
Allergan Beats Profit, Sales Estimates, To Cut 1,500 Jobs | Fox Business
The company expects that the hotel will benefit from its strong location and the relative scarcity of Hyatt-branded hotels in midtown Atlanta. NetSuite ( N ) has bought Venda, a London-based e-commerce provider, for undisclosed terms. NetSuite, which is a cloud-based financial software company, said the deal will support its expansion into the European market. Travelzoo ( TZOO ) reported mixed second-quarter earnings. The Internet travel company made an adjusted profit of 30 cents a share, a penny above Wall Streets estimate.
SouFun gets vote of confidence – visit Yahoo Finance
Allergan reiterated its rejection of the unsolicited $53 billion cash-and-stock bid from Valeant Pharmaceuticals International Inc. , which earlier said it has alerted U.S. and Canadian regulators to misleading statements made by Allergan regarding its Bausch + Lomb unit. Copyright 2014 MarketWatch, Inc.
Mid-Market Report: RLJ Buys Hyatt Hotel in Atlanta | Fox Business
A study conducted by Greenwich Associates and sponsored by BlackRock ( BLK ) study shows 46% of institutional ETF investors surveyed allocate 10% or more of total assets to ETFs with 47% saying they expect to boost ETF usage over the next year . About 30% of institutional ETF investors report ETF allocations in the 10% to 25% range. RIAs, who are the largest users of ETFs by assets, have the largest ETF allocations with 41% of RIAs investing more than 25% of total assets in ETFs, according to the study. [Institutions Boost Use of ETFs] Fidelity introduced 10 of its own sector ETFs last October, all of which charge 0.12% per year, making them the least expensive sector ETFs on the market. That lineup has since swelled to over $1 billion in combined assets under management. [Fidelity ETFs Race to $1B in Assets] ETF Trends editorial team contributed to this post.
Affluent Investors Love ETFs – Yahoo Finance
This marks the 6th quarter that FTSL has paid the same dividend. At the current stock price of $49.63, the dividend yield is %. The previous trading day’s last sale of FTSL was $49.63, representing a -0.74% decrease from the 52 week high of $50 and a 1.24% increase over the 52 week low of $49.02. For more information on the declaration, record and payment dates, visit the FTSL Dividend History page.
First Trust Senior Loan Fund ETF (FTSL) Ex-Dividend Date Scheduled for July 22, 2014 – NASDAQ.com
The put sellers are looking for SFUN to stay above $10 for the next month. The traders will be on the hook to buy shares if they fall below that level, but that might be part of the strategy. Investors sometimes sell puts in hopes of picking up stock on a pullback. If that occurred in this case, the effective purchase price would be $9.40 when the $0.60 credit from the put sale is included. (See our Education section) SFUN is up 4 percent to $10.47 this morning, in the middle of its range this month.