ECB’s Monte Paschi Capital Bar Would Trip Up 10 Other EU Banks

Deutsche Bank AG, UniCredit SpA and eight other European Union banks would fall short of the European Central Bank’s capital demands on Banca Monte dei Paschi di Siena SpA based on stress-test results, highlighting potential objections to the plan. The ECB told Monte Paschi it needed enough capital to push its common equity Tier 1 ratio to 8 percent of risk-weighted assets in the adverse scenario of the stress test, the Bank of Italy said in a statement late on Dec. 29. That’s well above the legal minimum of 4.5 percent.

The dirty secret about your clothes

A woman hangs dyed yarn to dry at a textile mill on the outskirts of Agartala, capital of India’s northeastern state of Tripura. In the Colours of Nature dye house, Vijayakumar Varathan is busy prepping a vat of indigo.

This Week in Solar

As the year comes to a close, it’s fitting that the week in solar was dominated by the kind of large, macro trends that seem to move and shake the solar industry every few months. But unlike 2015, when we had Nevada upend net metering in the final hours of the year, most of the news from the solar industry is positive at the end of 2016.

5 Things Micron’s Management Wants You to Know

The company’s first-quarter results beat expectations, and its guidance for the second quarter foretells a return to exceptional profitability. While Micron’s first-quarter numbers give investors a good idea of where the company stands, management provided additional information during the earnings conference call.

Maryland bank VP stole from elderly, deceased customers, prosecutors say

The former vice president of a Maryland bank was charged with embezzlement and wire fraud Friday after allegedly stealing more than $1.8 million from customers over six years, prosecutors said. From 2010 to mid-2016, 54-year-old Melissa Strohman of Nottingham, Md., was senior vice president at the now-defunct Hopkins Federal Savings Bank with branches in PikesA ville and Highlandtown, court documents said.

Family friendly

“I really enjoyed the time with the kids”, she explains, “It gives you a special connection when you have time with your small babies. But after that I really needed to get out again and be around adults and do real things, not just baby stuff.”

Why ImmunoGen, Inc. Shares Rocketed Higher by 29%

Unfortunately, the reason for ImmunoGen’s surge higher remains a bit of a mystery. The closest thing to tangible news for ImmunoGen that would have the potential to move the company’s stock was a press release this past Wednesday, Dec. 28. The press release was a needed feather in the cap for lead drug candidate mirvetuximab soravtansine .

Where Will HCP, Inc. Be in 10 Years?

The year started off quite turbulent, with dismal results from the company’s HCR ManorCare properties leading to a surprise loss, but recovered nicely as the company decided to spin off those and other troubled assets. What could be in store for HCP investors in the coming decade? Unfortunately, we don’t have a crystal ball that can predict investment performance.

ETF Performance Report: Best & Worst of 2016

After a remarkable surge since Donald Trump’s presidential election win that has helped the markets extend into the 9th year of its bull rally, U.S. equities and stock exchange traded funds are ending 2016 with a whimper. The Dow Jones Industrial Average gained 13.4% year-to-date.

Delivery drivers vote to strike Minnesota auto parts company

Delivery drivers from Teamsters Local 120 voted unanimously to strike O’Reilly Auto Parts in Minnesota unless the company agrees to a renewed labor contract that increases pay and safety standards. O’Reilly spokesman Mark Mertz says the union has misrepresented the position that the company has taken through the course of negotiations regarding pay and safety issues.

Auto Sales Could Surpass 2015 U.S. Record — Barely

The final days of 2016 will likely determine whether 2015’s U.S. sales record will stand or fall. Regardless December sales figure to show an industry flattening but not in decline It is coming down to the final hours of 2016 as automakers race to top 2015’s record of 17.4 million U.S. units sold.

2017 Will Be a Year of Individual Stocks

As the world awaits the next big product cycle in self-driving cars or artificial intelligence, it will have to be happy with the success of individual companies. The U.S. is back in an “in between” period where individual tech companies have “great stories,” rather than the whole sector, Elevation Partners cofounder Roger McNamee said on CNBC’s “Squawk Alley” on Friday morning.

5 Great Media Stocks for 2017

With the pay-TV landscape continuing to evolve in an over-the-top world, analysts are singling out their top media stocks ahead of the new year. The media and entertainment industry was turbulent in 2016, as the arena for over-the-top services became more crowded than ever and a number of mega-deals were announced or fizzled out.

Traders Are Cleaning Out Their Portfolios

The gap-up open was quickly sold, as market players seem more interested in cleaning out their portfolios so they can start fresh in 2017, rather than starting new positions. Breadth is running about 2,600 to 3,800 negative, and we only have about 100 stocks hitting new 12-month highs today.There is weak action in the big-cap FANG names, and there isn’t much going on as far as themes.

Wall St Set to End 2016 With a Whimper

U.S. stocks fell on the last trading day of 2016, eating into gains for the year, following a decline in technology stocks. The S&P 500 technology sector’s 0.7 percent fall put the broader index on track for its third straight day of losses – the longest losing streak since Nov. 4. The Dow Jones Industrial Average, which came within 13 points of breaching the 20,000 level last week, is now more than 200 points away from the milestone.

Set a Time Frame for Your Financial Goals

It’s almost the end of another year — a good time to reflect on the accomplishments of the previous months and start setting goals for the new year, including financial ones. To be successful, it’s important to know the “when” of your financial goals.