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Market News

Location American Market News for 8 July 2014

Rupee rises to 59.96 per dollar

livemint.com - 8 Jul 2014 05:57
Rupee rises to 59.96 per dollar The partially convertible rupee opens at 59.96 per dollar compared with its previous close of 60.02
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(Reuters) - Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 24.5 percent in April-June, its lowest in two years due to slowing growth in the company's cash cow smartphone business and the strength...
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Just days after German luxury automaker BMW said it would spend $1 billion on a manufacturing plant south of the U.S. border, new data confirms Mexico's rising status as a global auto-producing hub, replacing Brazil as L...
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Franklin, Calpers Clash on Stockton Pension Issue

Wall Street Journal - 8 Jul 2014 02:58
Franklin Templeton and Calpers are clashing over whether public pensions should be protected in municipal bankruptcy, a major test that has implications for workers, investors and distressed cities across the country.
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Honeywell International Now #55 Largest Company, Surpassing Goldman Sachs Group In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Honeywell International, Inc. (NYSE: HON) has taken over the #55 spot from Goldman Sachs Group Incorporated (NYSE: ...
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Cisco Systems Now #32 Largest Company, Surpassing Facebook In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Cisco Systems (NASD: CSCO) has taken over the #32 spot from Facebook (NASD: FB), according to The Online Investor.
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Dow to Bitcoin: 125 Years of Financial Innovation

Wall Street Journal - 8 Jul 2014 22:16
A sampling of the innovations in technology and financial engineering that have shaped markets.
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Alcoa Kicks Off Earnings Season In Style With Strong Results If you were looking for positive economic signs, one of America's oldest companies has a spot of good news for you.
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At Holdings Channel, we have reviewed the latest batch of the 25 most recent 13-F filings for the 06/30/2014 reporting period, and noticed that Chevron Corporation (NYSE: CVX) was held by 15 of these funds. When hedge fu...
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The Israeli government has given the military authorisation to mobilise up to 40,000 additional troops to the Gaza border as Operation Protective Edge escalates. While the Israeli military has stated that the reservists ...
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Derailed capex

livemint.com - 8 Jul 2014 21:20
Derailed capex From around 28% in 2008-09, the growth in capital expenditure has dropped to around 17% in last fiscal
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A federal jury has acquitted Rengan Rajaratnam of conspiring to engage in insider trading, marking the first loss in U.S. Attorney Preet Bharara's previously-perfect record of insider trading prosecutions.  The jury del...
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(Kitco News) - Gold prices ended the U.S. day session steady to weaker Tuesday. Trading has turned choppy and sideways amid some technical backing and filling on the charts, some profit taking by the shorter-term trader...
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Tuesday Sector Leaders: Utilities, Energy

Forbes - 8 Jul 2014 20:34
Tuesday Sector Leaders: Utilities, Energy Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, up 0.6%. Within that group, Edison International (NYSE: EIX) and Pinnacle West Capital Corp. (NYSE: ...
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Tuesday Sector Laggards: Technology & Communications, Services The worst performing sector as of midday Tuesday is the Technology & Communications sector, showing a 1.0% loss. Within that group, Tripadvisor (NASD: TRIP) and First Solar (NASD: FSLR) are two large stocks that are lagg...
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.  So let's look at two noteworthy recent insider buys.
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For fiscal 2014, Revlon India expects to generate approximately (rupees ) 2.5 billion (~$42 million) in revenues. Although this is just 2% of overall revenues for Revlon, the professional products segment in India is exp...
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ADR for MGM's hotels in the U.S. is around $130 currently with occupancy levels of more than 90%, translating into annual revenues of $1.6 billion in 2013. The estimated EBITDA margin of 46% for the U.S. hotels translate...
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Tthe company has been able to ramp up oil production from 0 to over 500,000 barrels per day in just 8 years after the first pre-salt discovery in 2006. Just to give some perspective, it took Petrobras 31 years from the t...
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If the carrier expands its 4G service to prepaid subscribers, it could witness an improvement in net adds in the near term. However, with competition in the prepaid market heating up, Verizon will also have to keep its p...
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Tuesday's ETF with Unusual Volume: RYJ

Forbes - 8 Jul 2014 19:07
The Guggenheim Raymond James SB-1 Equity ETF (RYJ) is seeing unusually high volume in afternoon trading Tuesday, with over 203,000 shares traded versus three month average volume of about 36,000.  Shares of RYJ were dow...
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Three stocks worth considering adding to your portfolio.
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