Market News
Survey Reveals Limits Of China's Soft Power As Beijing Affirms National Interest
IBTimes - 15 Jul 2014 23:31
Pew Global Research released the results of its "Balance of Power" survey, and it contains a lot of interesting data about what the world thinks about China. On the whole, impressions of China are positive: A slight majo...
BRICS Development Bank To Be Set in Shanghai, CEO To Be Indian, Board Chairman To Be Brazilian
IBTimes - 15 Jul 2014 23:31
Brazil, Russia, India, China and South Africa, known collectively by the acronym BRICS, on Tuesday concluded a two-day summit in Fortaleza, Brazil, by announcing the creation of a joint development bank to finance global...
Scuffling Yahoo Cuts Deal To Hang On To More Of Its Alibaba Stake
Forbes - 15 Jul 2014 23:12
Marissa Mayer and Yahoo will keep more of Alibaba after another round of lackluster earnings.
India plays catch-up at a glacial pace
livemint.com - 15 Jul 2014 21:04
Given the growth differential India has enjoyed with respect to developed countries, its per capita income should have come closer to the levels of the latter
Tuesday Sector Laggards: Consumer Products, Healthcare
Forbes - 15 Jul 2014 20:52
The worst performing sector as of midday Tuesday is the Consumer Products sector, showing a 0.8% loss. Within the sector, Lorillard (NYSE: LO) and Reynolds American (NYSE: RAI) are two large stocks that are lagging, show...
Tuesday Sector Leaders: Utilities, Financial
Forbes - 15 Jul 2014 20:50
The best performing sector as of midday Tuesday is the Utilities sector, higher by 0.4%. Within that group, DTE Energy (NYSE: DTE) and NextEra Energy (NYSE: NEE) are two of the day's stand-outs, showing a gain of 1.0% an...
LIC to invest Rs2.25 trillion in markets this fiscal
livemint.com - 15 Jul 2014 20:26
State-owned insurer seeking to tap a potential upturn in economy after presentation of budget on 10 July
DCB Bank: poised for growth
livemint.com - 15 Jul 2014 20:13
DCB Bank's bad loans are under control while it has been able to show credit growth of close to 20% for each of the past few quarters
Gammon Infrastructure: stranded on the highway
livemint.com - 15 Jul 2014 20:06Go long on emerging markets, short on euro zone: BofA ML
livemint.com - 15 Jul 2014 19:54
The consensus in global markets is that the low interest rates in developed countries will continue for a long time and risk appetite is therefore high
SanDisk Earnings Preview: Enterprise Solid State Drives, New Technology in Focus
Forbes - 15 Jul 2014 19:48
SanDisk has witnessed a change in its revenue mix in recent years, with the contribution of solid state drive sales increasing from 9% of net revenues in 2012 to over 19% in 2013. This trend has continued in 2014, with 2...
SAP Q2'14 Preview: Cloud Revenues and Operating Margins in Focus
Forbes - 15 Jul 2014 19:45
Given that the Ariba and Fieldglass acquisitions are cloud-based SCM companies, we expect SAP to see an acceleration in revenue growth on a longer term. For FY14, we expect revenues from SCM software offerings to keep pa...
IBM Earnings Preview: Revenue Decline to Continue
Forbes - 15 Jul 2014 19:42
We expect that IBM will continue to report growth for the software segment's and GBS division's revenues in Q2. Trends in IT spending indicates that it is on a rebound in 2014 and we expect the company to report growth i...
New Coverage: $100 Trefis Price Estimate For Deere & Co
Forbes - 15 Jul 2014 19:36
Considering Deere's large market share in the agricultural equipment market and its global presence, we believe it is well positioned to benefit from these two trends. This is why we have forecast the segment's revenue t...
Daily Dividend Report: CIT, NNN, GS, AON, SE, FE, CAG, CMS
Forbes - 15 Jul 2014 19:32
CIT Group (CIT) has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock - an increase of 50% from its prior quarterly cash dividend. The common stock dividend is payable on August...
What Do Greenpeace And JPMorgan Chase Have In Common?
IBTimes - 15 Jul 2014 19:31
Greenpeace International has fired a well-intentioned but misguided employee who lost the Amsterdam-based environmental advocacy group more than $5 million on a badly timed currency trade last year Greenpeace, funded sol...
Global Drought Conditions Are Drying Out Several Regions And Sparking Food Production Concerns
IBTimes - 15 Jul 2014 19:31
The American west is locked in what's likely to be recorded as the worst drought in U.S. history as farmers and industry from Texas to California despair over conditions so severe that California is expected to introduce...
Is The IRS Really Driving Americans Overseas To Renounce Citizenship?
IBTimes - 15 Jul 2014 19:31
More American citizens living abroad are thinking about giving up their U.S. citizenship thanks to a new set of tax laws and agreements between the Internal Revenue Service and thousands of foreign banks. The Foreign Acc...
Toyota Claims World Record 581 MPG From Its Prius Plug-In Hybrid 'Green Hell' Crawl In Germany
IBTimes - 15 Jul 2014 19:31
Toyota Motor Corp. (TYO:7203) was the first automaker to mass produce a hybrid, and the Prius remains the most popular one on the market even as competing brands are beginning to grab market share. Now the world's larges...
Tuesday's ETF with Unusual Volume: BIK
Forbes - 15 Jul 2014 19:26
The SPDR S&P BRIC 40 ETF (BIK) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. Shares of BIK were off about 0.2% on the d...
Tuesday's ETF Movers: IYG, XBI
Forbes - 15 Jul 2014 19:25
In trading on Tuesday, the iShares U.S. Financial Services ETF (IYG) is outperforming other ETFs, up about 0.8% on the day. Components of that ETF showing particular strength include shares of JP Morgan Chase (JPM), up...
Tuesday Sector Leaders: Trucking, Airlines
Forbes - 15 Jul 2014 19:23
In trading on Tuesday, trucking shares were relative leaders, up on the day by about 0.4%. Leading the group were shares of Celadon Group (CGI), up about 4.1% and shares of P.A.M. Transport Services (PTSI) up about 1.9...