ConvergEx appointed Joseph N Cangemi as CEO of the UK-based broker dealer ConvergEx Ltd. Cangemi was formerly head of electronic equity trading and sales, the Trade News reported.

The "risk on" allocation of new investment capital into cyclicals continues, although Wednesday saw leadership from defensive sectors Consumer Staples, Utilities, and Telecom, along with Financials.

"It's a quiet day," said Nicholas Colas, chief market strategist at ConvergEx Group. With little economic and corporate earnings ... (END) Dow Jones Newswires 05-17-130824ET Copyright (c) 2013 Dow Jones & Company, Inc. This article appears in: News ...

Revlon Inc., down $1.38 at $19.16. The cosmetics ... Royal Caribbean Cruises Ltd., up $1.78 at $36.07. The cruise ... Harley-Davidson Inc., up $1.11 at $54.31. ... Dunkin' Brands Group Inc., up $1.38 at $39. ... JetBlue Airways Corp., down 33 cents at ...

Positive economic news is good, but bad data is better, according to Nick Colas, chief market strategist at ConvergEx Group.

It is challenging to buy equities when the economic data is so clearly weak," said Nicholas Colas, ConvergEx Group chief market strategist.

After work-in-office controversy, Yahoo rolls out benefits, even for cats and dogs. A decision to scrap the work-at-home privileges of many Yahoo Inc. employees sparked intense criticism of the Web portal and Chief Executive Marissa Mayer a couple of ...

NEW YORK (MarketWatch) - Symantec Corp. on Tuesday said a plunge that briefly cleared more than $1.5 billion in market value before a temporary trading halt was likey error-ridden, but still a legitimate trade.