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Business News

Location American Business News for 25 August 2016
Uh Oh, the Wall of Worry Just Came Tumbling Down Whenever market timers have been this bullish in the past, the market was headed for a fall.
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Dollar General is Oversold

Forbes - 25 Aug 2016 17:39
Dollar General is Oversold The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — ...
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FI Stock Crowded With Sellers

Forbes - 25 Aug 2016 17:30
FI Stock Crowded With Sellers In trading on Thursday, shares of Frank's International NV (NYSE: FI) entered into oversold territory, changing hands as low as $10.905 per share. We define oversold territory using the Relative Strength Index, or RSI, w...
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XOP: Big ETF Outflows

Forbes - 25 Aug 2016 17:09
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 4,750,000 units were...
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Ex-Dividend Reminder: Corning, Newell Brands and Barrick Gold Looking at the universe of stocks we cover at Dividend Channel, on 8/29/16, Corning Inc (NYSE: GLW), Newell Brands Inc (NYSE: NWL), and Barrick Gold Corp. (NYSE: ABX) will all trade ex-dividend for their respective upcom...
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WASHINGTON
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'The Rock' is Hollywood's highest paid actor Dwayne "The Rock" Johnson topped Forbes' list of highest paid actors by raking in $64.5 million last year.
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Samsung and Tencent in race to become Asia's most valuable firm (Reuters) – Tencent Holdings and Samsung Electronics are racing to be crowned Asia’s most valuable company as expectations for robust earnings growth push their share prices to record highs. Their surge – both have...
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Indicted tech CEO faces judge after 10 years on the lam The disgraced technology executive who spent a decade on the lam to avoid charges in a US stock fraud case, returned to face justice on Wednesday -- and was promptly tossed behind bars without bail by a fed-up judge who ...
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In trading on Thursday, packaging & containers shares were relative leaders, up on the day by about 4.2%.  Leading the group were shares of AEP Industries (AEPI), up about 43.7% and shares of Owens Illinois (OI) up abou...
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Ex-Div Reminder for Crescent Point Energy (CPG) On 8/29/16, Crescent Point Energy Corp (Toronto: CPG) will trade ex-dividend, for its monthly dividend of $0.03, payable on 9/15/16. As a percentage of CPG's recent stock price of $20.68, this dividend works out to appro...
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The Coca-Cola Company might lose volume sales in South Africa, should the proposed tax on sugar-sweetened drinks be implemented next year. The government has proposed a 20% tax on sugary drinks that will be levied with e...
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Bank Examiners Told to Address Swift Risks

American Banker - 25 Aug 2016 01:49
Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.
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In trading on Thursday, shipping shares were relative laggards, down on the day by about 1.6%.  Helping drag down the group were shares of Euronav (EURN) down about 7.3% on the day.
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China's central bank has made a subtle change to the way it supplies the financial system with cash, a move that market watchers see as an attempt to cool investments in assets such as bonds, which have ballooned on an i...
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U.S. raises concerns over European tax probe involving American companies The Treasury Department said investigation could undermine international agreements.
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Wargaming shuts down its WG Cells mobile studio

Venture Beat - 25 Aug 2016 22:01
Wargaming shuts down its WG Cells mobile studio Wargaming has shut its WG Cells mobile gaming studio in Bellevue, Washington, cutting about 64 jobs, according to a report in Geekwire. Cyprus-based Wargaming told Geekwire that it was shutting the WG Cells studio, forme...
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The Brokenness Of IRS Collections

Forbes - 25 Aug 2016 22:40
The Brokenness Of IRS Collections Three stories this month illustrate the brokenness of IRS collections.  There are two decisions and an anecdotal story from Procedurally Taxing.  Many tax practitioners, blessed with compliant solvent clients, are only...
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Why Wingstop is betting big on chatbots

Venture Beat - 25 Aug 2016 21:10
Why Wingstop is betting big on chatbots GUEST: Convenience is a cornerstone of any effective commerce strategy. How quickly and seamlessly we can satisfy the end consumer’s needs through digital commerce is critical to overall success. If we can do it better...
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Thursday's ETF Movers: GDXJ, PCEF

Forbes - 25 Aug 2016 17:37
In trading on Thursday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 5.1% on the day.  Components of that ETF showing particular strength include shares of B2gold (BTG), up about 8% and shares...
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Nasdaq 100 Movers: DLTR, MU

Forbes - 25 Aug 2016 17:01
In early trading on Thursday, shares of Micron Technology (MU) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.6%.  Year to date, Micron Technology registers a 15.6% gain.
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S&P 500 Movers: SIG, TIF

Forbes - 25 Aug 2016 16:59
In early trading on Thursday, shares of Tiffany (TIF) topped the list of the day's best performing components of the S&P 500 index, trading up 6.2%.  Year to date, Tiffany has lost about 4.1% of its value.
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