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Market News

Location American Market News for 9 May 2014
India 10-yr bond yield hits near two-month low; elections in focus The benchmark 10-year bond yield ended down 1 bp at 8.75%, after falling as much as 4 basis points to 8.72%
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NYSE to curtail order types amid debate over their fairness The move is potentially to quiet critics who say their proliferation gives high-frequency traders an unfair edge
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Pfizer Holders Could See Tax Hit in Deal

Wall Street Journal - 9 May 2014 04:51
Pfizer could cut its tax bill by hundreds of millions of dollars if it buys AstraZeneca, but thousands of Pfizer shareholders could face a tax hit if the deal goes through.
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The Three Countries With The Highest Inflation Inflation is normally a constant and gradual increase in prices. But at times, when prices rise too rapidly, inflation becomes a destructive force to the economy. Which countries have the highest inflation today? In this...
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Calling Signet Jeweler's $21-per-share offer for the Zale Corporation "grossly unfair," TIG Advisors revealed a 9.5% stake in Zale Friday afternoon, saying that it intends to vote against the Zale's proposed merger with ...
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(Reuters) - Gunmen believed to be linked to al Qaeda attacked Yemen's presidential palace on Friday and tried to kill the defense minister in his car, selecting high profile targets in apparent reprisal for the army's bi...
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Friday 5/9 Insider Buying Report: AOL, TYC

IBTimes - 9 May 2014 22:31
Insiders bought up shares of AOL and Tyco International.
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Analyst Moves: SIRI, RL, CUB

IBTimes - 9 May 2014 22:31
In early trading on Friday, shares of Computer Sciences (CSC) topped the list of the day's best performing components of the S&P 500 index, trading up 7.6%. Year to date, Computer Sciences registers a 11.8% gain.
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Dow Movers: PFE, MCD

IBTimes - 9 May 2014 22:31
In early trading on Friday, shares of McDonald's (MCD) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.5%. Year to date, McDonald's registers a 5.6% gain.
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Analysts have become increasingly bearish on Halozyme Therapeutics in the month leading up to the company's first-quarter earnings announcement scheduled for Monday, May 12, 2014. The consensus analyst estimate has move...
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Wall Street is optimistic about PDL BioPharma, which is slated to report its first quarter results on Monday, May 12, 2014. Analysts project a profit of 50 cents a share, a rise from 36 cents per share a year ago.The con...
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Wall Street is expecting lower profit for Rackspace Hosting when the company reports its first quarter results on Monday, May 12, 2014. Analysts are expecting earnings per share of 12 cents after the company booked a pro...
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Arena Pharmaceuticalsis expected to book a wider loss than a year ago when it reports first-quarter earnings on Monday, May 12, 2014. Analysts are expecting a loss of 10 cents per share, down from a loss of nine cents pe...
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Analysts expect decreased profit for Take-Two Interactive Software when the company reports its fourth quarter results on Tuesday, May 13, 2014. Although Take-Two Interactive Software reported profit of 29 cents a year a...
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Forbes Earnings Preview: McKesson

Forbes - 9 May 2014 22:00
McKesson reports its fourth-quarter earnings on Monday, May 12, 2014, and the consensus earnings per share estimate is $2.39 per share.Over the past three months, the consensus estimate has fallen from $2.40. For the fis...
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Weekly Market Wrap: May 9, 2014

Forbes - 9 May 2014 21:02
The nineteenth trading week of 2014 comes to a close with US markets basically flat in mid-afternoon trading.
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Wall Street’s advice on how to prepare for possible market corrections has always been the same. No matter what happens to the economy people will still have to eat, drink, and take their medicines. So consumer staples...
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Strong 1Q Results Lays Groundwork For Silver Wheaton's Next Step Up -- Silver Wheaton CEO (Kitco News) - After releasing first-quarter earnings Thursday, Silver Wheaton Corp.’s (TSX:SLW)(NYSE:SLW) Randy Smallwood, president and chief executive officer, said he believes the results lay the proper groundwork...
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Sebi proposes overhaul of current delisting norms

livemint.com - 9 May 2014 20:12
Sebi proposes overhaul of current delisting norms Regulator attempting to make system more effective, eliminate risk of price manipulation in delisting process
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With this acquisition, Boston Scientific aims to gain share in the fast growing hysteroscopic (uterus related) surgery market. It could be easier for the company to enter this market with its non-traditional treatment ap...
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Baker Hughes (BHI) declared the regular quarterly cash dividend of $0.17 per share of common stock payable August 15, 2014, to holders of record on August 4, 2014. This represents a $0.02 or 13% increase per share over t...
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The specialty coffee company reported significant net sales of $ 1.1 billion, with a growth of 10% year-over-year, attributed to a 29% increase due to brewer sales volume. The net sales growth includes the unfavorable im...
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