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Market News

Location American Market News for 15 October 2014
Weak chemicals business weighs on Gujarat State Fertilizers earnings The maker of agriculture inputs and industrial products reported a tepid 4.5% growth in sales for September quarter
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eBay Shares Slide On Reduced Sales Outlook

Forbes - 15 Oct 2014 22:48
eBay Shares Slide On Reduced Sales Outlook Just two weeks after Paypal and eBay breakup annoucement, disappointing earnings sent the stock down 3% to $48 in after-hours trading
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In the midst of a Dow Jones Industrial Average tailspin Wednesday, the Federal Reserve said the U.S. economy is seeing steady growth, with consumer spending improving at a "slight to moderate" pace. But the upbeat pronou...
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Opaque company filings provide fertile ground for Sebi Under chairman U.K. Sinha, Sebi has taken a slew of initiatives to crack down on fraudulent trading on the BSE, DLF being the latest example
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Bugs join robots to overcome global copper shortage

livemint.com - 15 Oct 2014 21:01
Bugs join robots to overcome global copper shortage Companies are using specialized microorganisms to extract copper from previously unusable ore
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On a combination of economic uncertainty, Ebola panic and general October volatility, the Dow has tanked more than 400 points in midday trading, falling below the 16,000 mark and hitting its lowest level in nearly three ...
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Wednesday Sector Leaders: Energy, Materials

Forbes - 15 Oct 2014 20:37
Wednesday Sector Leaders: Energy, Materials ooking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, losing just 1.3%. Within the sector, Southwestern Energy (NYSE: SWN) and Cabot Oil & Gas  (NYSE: COG)...
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Wednesday Sector Laggards: Financial, Healthcare Looking at the sectors faring worst as of midday Wednesday, shares of Financial companies are underperforming other sectors, showing a 2.9% loss. Within that group, KeyCorp (NYSE: KEY) and Hudson City Bancorp (NASD: HCBK...
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(Kitco News) - Gold futures prices ended the U.S. day session with moderate gains and hit a five-week high on safe-haven demand Wednesday. A litany of worries has injected serious fear into the market place, highlighted...
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Viacom To Launch SPIKE TV In The U.K.

Forbes - 15 Oct 2014 19:48
To begin with, SPIKE in the U.K. will offer reality programming from Channel 5 and SPIKE U.S. The network will be launched in the next few months. We are eager to learn how the network ratings trend in the U.K., as it wi...
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Wednesday's ETF with Unusual Volume: FAN

Forbes - 15 Oct 2014 19:46
The First Trust ISE Global Wind Energy Index Fund ETF (FAN) is seeing unusually high volume in afternoon trading Wednesday, with over 1.8 million shares traded versus three month average volume of about 98,000.  Shares ...
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In the third quarter results Tuesday, we will be closely watching how United Technologies' organic sales growth trends. This would provide an indication of the overall demand environment which UTC's various businesses ar...
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Wednesday's ETF Movers: GDXJ, ILF

Forbes - 15 Oct 2014 19:45
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 2.5% on the day.  Components of that ETF showing particular strength include shares of Paramount Gold and Silver (PZG), up...
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In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 2.3%.  Leading the group were shares of Paramount Gold and Silver (PZG), up about 13% and shares of Gold Resource (GORO) up a...
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Iron ore production and shipments rose sharply in the first nine months of the year, as compared to the corresponding period last year. This is consistent with the company's strategy to expand iron ore production, despit...
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
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Opec finding US shale harder to crack

livemint.com - 15 Oct 2014 19:39
Opec finding US shale harder to crack So far, US drillers are showing no signs of cracking, with the govt forecasting record shale output in November
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While interest margins are expected to shrink further over coming quarters until the Federal Reserve raises benchmark rates, what stood out in Wells Fargo's Q3 results was the magnitude of the fall this time around. The ...
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At $14.6 billion, revenue grew 8% year to year and was well within company guidance and ahead of analysts estimates. Though gross margin was a percentage point below Intel's guidance, it was 0.5 points higher than Q2 201...
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Hedge Funds Stung By Shire

Wall Street Journal - 15 Oct 2014 19:31
Large hedge funds, including Paulson & Co. and Elliott Management Corp., likely suffered heavy losses Wednesday after AbbVie Inc. signaled it may abandon its $54 billion deal to acquire Irish drug maker Shire PLC.
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Toyota Recalls 1.67M Toyota, Lexus Cars

IBTimes - 15 Oct 2014 19:31
(Reuters) - Japan's Toyota Motor Corp said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hin...
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The Dow Jones Industrial Average plunged over 350 points in morning trading Wednesday, after a trio of weaker-than-expected U.S. economic reports. Those worrisome signs, coupled with the Greek stock market's more than 9 ...
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