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Market News

Location American Market News for 7 October 2014
(Reuters) - Samsung Electronics Co Ltd (005930.KS) is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term pro...
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American farmers in three states are suing seed giant Syngenta AG in billion-dollar lawsuits, alleging that the company harmed U.S. corn markets when it released a new genetically altered strain of corn that wasn't appro...
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Whether or not Spain remains united with its economically powerful Catalan region, the political standoff is already undermining investment in the Spanish economy. Spanish government bond yields, already on a downswing, ...
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U.S. stocks fell sharply Tuesday after the International Monetary Fund lowered its 2015 global economic growth forecast in part on slower economic growth across Europe. Investors are also weighing trades ahead of third-q...
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Defending his administration from criticism that it has injected political considerations into the management of New Jersey pension money, Gov. Chris Christie argues such talk is baseless. The governor has publicly decla...
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Former U.S.
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Office Buildings Go Up on Mere Speculation

Wall Street Journal - 7 Oct 2014 23:13
Office projects are going up in London and elsewhere in Europe without the usual prerequisite of confirmed tenants, as investors embrace higher risk.
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Dow Drops 200 Points On Global Growth Fears U.S. equities fell sharply into negative territory Tuesday, with the Dow closing down more than 200 points and the S&P and Nasdaq each shedding more than 1.5% of their value after a disappointing outlook from the Interna...
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KFC, Yum! Dragged Down By Chinese Food Safety Scandal KFC in China used to be an unstoppable juggernaut. Now it's retreating over food safety.
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My Tips To Warren Buffett In His New Career As A Car Dealer Has Warren Buffett not read that average visits to a dealership before buying a new car is down from five visits in the pre-digital era to about 1.3 visits in 2014? Gone are those days when people would go into dealershi...
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Six Stocks Owned by Billionaire Carl Icahn

Forbes - 7 Oct 2014 20:56
Six Stocks Owned by Billionaire Carl Icahn Carl Icahn has the best long-run investing track record in history.  Yes, better than Warren Buffett, and over a slightly longer period of time.
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Tuesday Sector Laggards: Industrial, Technology & Communications In afternoon trading on Tuesday, Industrial stocks are the worst performing sector, showing a 1.2% loss. Within the sector, United Rentals (NYSE: URI) and ADT (NYSE: ADT) are two large stocks that are lagging, showing a ...
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Tuesday Sector Leaders: Utilities, Energy

Forbes - 7 Oct 2014 20:40
Tuesday Sector Leaders: Utilities, Energy In afternoon trading on Tuesday, Utilities stocks are the best performing sector, up 0.9%. Within that group, PPL  (NYSE: PPL) and Xcel Energy (NYSE: XEL) are two large stocks leading the way, showing a gain of 1.7% and...
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Rupee overvalued based on real effective exchange rate The 36-currency basket REER for rupee was at 109.11 as on 26 Sep, which means the currency is overvalued
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Costco's comparable sales in the U.S. increased by 6% as the company maintained its strong position in the gradually improving retail market. Internationally, the growth was more promising at 8%, which was driven by a ri...
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Apart from slowing volumes in Russia, food inflation and unfavorable currency translations are expected to lower PepsiCo's revenues in the country in the third quarter. The Russian ruble has depreciated by 14% against th...
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The company expects consolidated sales to fall by around 20% year-over-year to around 47 trillion Korean won, while operating profits are expected to fall by around 60% to 4.1 trillion won. The company's smartphone busin...
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We believe that Apple - which has a history of redefining product categories - has a good shot of success, given its partnerships and the ease of use of its service. That said, we don't think that the offering will move ...
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Ex-Div Reminder for Exelon Corp.'s Trust Preferred Securities On 10/9/14, Exelon Corp.'s 6.20% Trust Preferred Securities (NYSE: BGE.PRB) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 10/15/14. As a percentage of BGE.PRB's recent share price of $25.54, t...
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Core Laboratories (CLB) has announced a cash dividend of $0.50 per share of common stock payable in the fourth quarter of 2014. The quarterly $0.50 per share cash dividend will be payable on 25 November 2014 to sharehold...
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F1 driver has severe brain trauma

CNN - 7 Oct 2014 19:20
The family of Jules Bianchi, the Formula One racing driver who was critically injured at Sunday's Japanese Grand Prix, have revealed that he has a potentially devastating brain injury.
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Tuesday's ETF with Unusual Volume: PRF

Forbes - 7 Oct 2014 19:19
The PowerShares FTSE RAFI US 1000 Portfolio ETF (PRF) is seeing unusually high volume in afternoon trading Tuesday, with over 509,000 shares traded versus three month average volume of about 147,000.  Shares of PRF were...
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