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Sep 12, 2014

DealBook P.M. Edition - September 12, 2014: Puerto Rico Finds It Has New Friends in Hedge Funds.

For the latest updates, go to »
La Perla is a slum in the heart of the tourist district of Old San Juan, Puerto Rico.
Puerto Rico Finds It Has New Friends in Hedge FundsHedge fund firms and investors have bought about 10 percent of all Puerto Rico government bonds, and have offered to help the government in expectation of a big return on their investment.
For the latest updates, go to »
Representatives for Alibaba kicked off a long-awaited roadshow for potential investors on Monday.
Alibaba to Close Order Books Early and May Lift Price of I.P.O. Demand has been strong for shares of the Chinese e-commerce giant across the price range as excitement grows among potential investors during the company's roadshow.
Club Med's management is backing the latest offer.
Battle for Club Med Heats Up as Chinese and French Investors Increase Bid Fosun International, a giant Chinese financial and industrial conglomerate, and its French partner, Ardian, increased their bid to about $1.1 billion to counter an Italian group's offer.
Henri Giscard d'Estaing, Club Med's chief executive, at a news conference in Paris on Friday.
Reuters Breakingviews: More Time in the Sun for Club Med's Shareholders Investors challenged a management buyout offer. They lost in court, but now management is back with an improved $1.1 billion proposal, Quentin Webb writes.
John McFarlane, the former chief of the Australia and New Zealand Banking Group, in 2005.
Barclays Names John McFarlane as Next ChairmanThe chairman of the British insurer Aviva and the former head of Citigroup's business in Britain and Ireland is set to take over from David Walker next year.
Richard Branson is a part owner of Virgin Money, the British financial services company.
Virgin Money Names Chairman as It Contemplates an I.P.O. Glen Moreno, the chairman of the publishing firm Pearson and a former British government banking adviser, is expected to take over as chairman in mid-2015.
The Week Ahead 
MONDAY U.S. industrial production for August to be reported.
TUESDAY F.C.C. to hold a roundtable on "Policy Approaches to Ensure an Open Internet."
WEDNESDAY U.S. consumer prices for August to be reported.
THURSDAY Scotland to vote in a referendum on independence and Alibaba is expected to price its I.P.O.
FRIDAY Alibaba shares are expected to begin trading on the New York Stock Exchange and leading indicators for August to be reported.
For the latest updates, go to »

NYT | Politics - September 12, 2014: A Rebound in Michigan Fails to Lift Voters' Gloom.

The New York Times

September 12, 2014


Representative Gary Peters of Michigan on a tour of Hop Head Farms, a hop farm located in Hickory Corners, Mich. Economic recovery taking root in Michigan - among the states hit hardest by the 2008 recession - has not translated into an improved political environment for officials in either party.

A Rebound in Michigan Fails to Lift Voters' Gloom

No state has seen stronger gains in employment since the recession, but the recovery has proven to be something of an abstraction to voters.

The House, in Rare Unity With Obama, Will Leave the Trail for an ISIS Vote

The vote, set for Monday, showed how quickly the politics of President Obama's foreign policy have shifted after he vowed in a speech to the nation to degrade and ultimately destroy ISIS.

More Politics

Senator John McCain in a picture on the blog Socio-Economic History, with people in or aligned with the Free Syrian Army.

Try as He May, John McCain Can't Shake Falsehoods About Ties to ISIS

The Arizona Republican has been hounded after a picture of him with members of the Free Syrian Army was misinterpreted and doctored purposely to make it appear that he supported ISIS, which he does not.
From left, Steve Anderly, his wife, Andrea, and her sister, Mary Rhode. The Anderlys are Democrats; Ms. Rhode and her husband are Republicans. Though the four disagree on politics, all said that ISIS must be stopped.

Weary of War, but Favoring Airstrike Plan

Many Americans agree that ISIS is a threat to the United States, but many wonder whether the country should edge toward another war.
The government threatened to fine Yahoo $250,000 a day if it did not immediately comply with a secret court order.

Government's Threat of Daily Fine for Yahoo Shows Aggressive Push for Data

Court documents shed light on Yahoo's unsuccessful challenge of federal requests for warrantless surveillance of its foreign users.

The Upshot

Republicans Lead Most Governor's Races, but Margins Are Small

The G.O.P. advantage is mainly a reflection of incumbency, with Pennsylvania's Tom Corbett the exception to the trend.

When Election Polls Don't Tell the Whole Story

Although polls are certainly important, they don't tell the whole story. Here's why not.


VIDEO: Congress Responds to the President
On Capitol Hill on Thursday, the immediate response to President Obama's address was a rare show of bipartisan support for military action against the Islamic State in Iraq and Syria.
INTERACTIVE GRAPHIC:Elections 2014: Make Your Own Senate Forecast
Create and share your own forecast for who will win the midterm elections.

WSJ | Biggest Gainers Closing on September 12, 2014.

Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 09/12/2014
Noranda Aluminum Holding (NOR)6,596,053$5.631.3932.78
China Green Agriculture (CGA)13,327,4562.850.5725.00
Pulse Electronics (PULS)539,0072.680.3615.52
NeoPhotonics (NPTN)693,2133.380.3812.67
XPO Logistics (XPO)4,456,04738.224.1712.25
Tremor Video (TRMR)321,7422.860.238.75
ReneSola ADS (SOL)2,687,6073.550.257.58
BBVA Banco Frances ADS (BFR)493,81812.690.816.82
TriNet Group (TNET)7,290,04427.461.756.81
Sprint (S)99,555,8177.000.436.54
Paycom Software (PAYC)278,59117.741.046.23
Violin Memory (VMEM)1,631,4235.320.316.19
LightInTheBox Holding ADS (LITB)472,2126.480.376.06
Vonage Holdings (VG)1,734,9973.680.205.75
Rubicon Project (RUBI)432,14711.490.575.22
Intrepid Potash (IPI)2,053,72416.130.795.15
Empresa Distribuidora y Comercializadora Norte Cl B ADS (EDN)247,26712.480.615.14
Aerohive Networks (HIVE)227,1048.800.435.14
IDT Cl B (IDT)368,67916.450.795.04
Office Depot (ODP)15,708,6005.900.274.80
Demand Media (DMD)279,97110.060.464.79
GrubHub (GRUB)1,705,17939.451.734.59
YuMe (YUME)410,0775.580.244.49
Pampa Energia ADS (PAM)183,85210.440.444.40
Banco Macro ADS (BMA)183,25139.881.574.10
ReWalk Robotics (RWLK)12,700,075$25.6013.60113.33
Conversant (CNVR)13,909,25234.808.0930.29
21Vianet Group ADS (VNET)14,237,07419.874.3528.03
Ulta Salon Cosmetics&Fragrance (ULTA)9,498,247114.8917.4117.86
On Track Innovations (OTIV)7,940,2223.800.5115.50
Sportsman's Warehouse Holdings (SPWH)1,936,1006.960.9215.23
Vimicro International ADS (VIMC)1,792,8576.220.7814.34
Spok Holdings (SPOK)196,25616.692.0013.61
Lakeland Industries (LAKE)1,168,2066.850.7812.85
Concert Pharmaceuticals (CNCE)163,67610.061.0311.41
Avalanche Biotechnologies (AAVL)270,66635.703.2710.08
Auris Medical Holding (EARS)156,0677.230.537.91
Tower Group International (TWGP)1,274,1082.230.167.73
Covenant Transportation Group Cl A (CVTI)299,12915.481.087.50
Highpower International (HPJ)520,3446.880.477.33
1-800-FLOWERS.COM Cl A (FLWS)347,5397.100.487.25
Shenandoah Telecommunications (SHEN)116,54229.551.957.07
El Pollo Loco Holdings (LOCO)4,993,40738.872.236.09
Vestin Realty Mortgage II (VRTB)57,3115.880.325.76
Sphere 3D (ANY)55,6196.710.345.34
TriVascular Technologies (TRIV)67,71116.000.815.33
Criteo ADS (CRTO)1,524,33637.031.845.23
TubeMogul (TUBE)321,17312.820.635.17
General Communication Cl A (GNCMA)248,02911.630.575.15
Fate Therapeutics (FATE)14,6635.480.275.13
ELEMENTS ETN-SPECTRUM Large Cap U.S. TR (EEH)27,689$41.857.9523.45
Direxion Daily Brazil Bear 3X Shares (BRZS)87,13329.223.1712.17
Direxion Daily Real Estate Bear 3x Shares (DRV)101,21538.263.259.28
ProShares UltraShort MSCI Brazil Capped (BZQ)23,76859.144.818.85
Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)2,775,95813.370.806.36
ProShares UltraShort Real Estate (SRS)101,90615.700.865.80
Direxion Daily Natural Gas Related Bear 3x Shares (GASX)38,04320.751.105.60
Direxion Daily Gold Miners Bear 3x Shares (DUST)4,457,53020.570.914.63
ProShares Ultra VIX Short-Term Futures ETF (UVXY)10,342,72525.421.104.53
Direxion Daily Energy Bear 3x Shares (ERY)294,16015.130.644.42
Direxion Daily Semiconductor Bear 3X Shares (SOXS)116,80018.870.683.74
PowerShares DB 3x Long US Dollar Index Futures ETN (UUPT)23,23123.400.803.54
iPath US Treasury Long Bond Bear ETN (DLBS)6,29728.360.953.47
ProShares UltraPro Short 20+ Year Treasury (TTT)117,53161.051.893.19
Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)799,71346.371.433.18
Direxion Daily Small Cap Bear 3x Shares (TZA)15,214,69014.650.453.17
ProShares UltraShort Utilities (SDP)11,67615.680.483.16
ProShares UltraPro Short Russell2000 (SRTY)1,036,94037.481.143.14
Direxion Daily Emerging Markets Bear 3x Shares (EDZ)1,450,92530.070.903.09
ProShares UltraShort Oil&Gas (DUG)101,04441.481.213.00
ProShares UltraPro Short MidCap400 (SMDD)6,16541.861.192.93
VelocityShares 3x Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (DWTI)10,54331.000.852.82
PowerShares DB 3x Short 25+ Year Treasury Bond Exchange Traded Note (SBND)61,0926.980.192.80
ProShares Short Real Estate (REK)13,77722.720.592.67
Direxion Daily Mid Cap Bear 3x Shares (MIDZ)81,20513.830.352.60
ReWalk Robotics (RWLK)12,700,075$25.6013.60113.33
Net Element (NETE)18,742,7055.702.5279.25
Noranda Aluminum Holding (NOR)6,596,0535.631.3932.78
Conversant (CNVR)13,909,25234.808.0930.29
21Vianet Group ADS (VNET)14,237,07419.874.3528.03
China Green Agriculture (CGA)13,327,4562.850.5725.00
ELEMENTS ETN-SPECTRUM Large Cap U.S. TR (EEH)27,68941.857.9523.45
Aldeyra Therapeutics (ALDX)20,1395.030.8821.20
Ulta Salon Cosmetics&Fragrance (ULTA)9,498,247114.8917.4117.86
One Horizon Group (OHGI)16,4162.770.3815.90
Andatee China Marine Fuel Services (AMCF)533,7953.190.4415.85
Pulse Electronics (PULS)539,0072.680.3615.52
On Track Innovations (OTIV)7,940,2223.800.5115.50
Sportsman's Warehouse Holdings (SPWH)1,936,1006.960.9215.23
ZaZa Energy (ZAZA)138,9225.010.6414.65
Vimicro International ADS (VIMC)1,792,8576.220.7814.34
Spok Holdings (SPOK)196,25616.692.0013.61
Lakeland Industries (LAKE)1,168,2066.850.7812.85
NeoPhotonics (NPTN)693,2133.380.3812.67
XPO Logistics (XPO)4,456,04738.224.1712.25
Direxion Daily Brazil Bear 3X Shares (BRZS)87,13329.223.1712.17
Concert Pharmaceuticals (CNCE)163,67610.061.0311.41
Astea International (ATEA)13,5162.280.2110.14
Galectin Therapeutics (GALT)1,270,7726.190.5710.14
Avalanche Biotechnologies (AAVL)270,66635.703.2710.08
See All Gainers
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group