Stocks Rebound after Initial Fall; Security Breach at SuperValu
US stocks dropped as the news about a clash between Ukranian and Russian forces started coming in on Friday. With markets actively seeking out safer investments, the 10-year Treasury notes yield was down more than 5 basis points. However, major indexes ended up posting weekly gains partially boosted by a rise in industrial production. Albertson's and SuperValu (SVU) joined a growing list of companies plagued by holes in their digital security. SuperValu is investigating a data breach that affected the computer network responsible for processing card payments.
Word on the Street
- Geopolitical tensions put pressure on markets.
- Share price goes up as BHP (BHP) announces split of its business.
- Alibaba has accounting hiccup ahead of IPO.
- Hackers compromised Albertson's and SuperValu's (SVU) payment networks.
- Warren Buffet buys $3M worth of GM (GM) shares.
- Shake Shack gears up for IPO, starts interviewing investment banks.
- Monster Beverage (MNST) to sell 16.7% stake to Coca-Cola (KO).
Published on Aug 15, 2014By InvestorGuide Staff