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Market News

Location American Market News for 16 December 2014

GE's Oil and Gas Gambit Falters

Wall Street Journal - 16 Dec 2014 04:29
Oil and gas has been an exclamation point for General Electric Co. in recent years, as the company sought to take advantage of global demand for new energy resources. Now it's starting to look like a question mark.
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Russia Moves to Help Lift Sinking Ruble

Wall Street Journal - 16 Dec 2014 06:39
A spiraling currency crisis, fueled by the bite of Western sanctions and the plummeting price of oil, spurred Russia's central bank to raise interest rates late Monday, a drastic move aimed at shoring up the collapsing r...
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Developing countries are losing more money through corruption and tax evasion than they receive in international aid, a new report shows. According to a new report from Washington, D.C.-based advisory firm Global Financi...
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Funds Added To Transocean Positions

Forbes - 16 Dec 2014 22:33
At Holdings Channel, we have reviewed 3,607 13F filings for the 09/30/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...
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Elevators Set to Take New Direction

Wall Street Journal - 16 Dec 2014 21:11
ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to sideways and diagonally as well as up and down.
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The rouble's rout

livemint.com - 16 Dec 2014 21:20
The rouble's rout The Russian currency has become the top casualty of the continuing fall in oil prices even as the country battles Western sanctions
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In trading on Tuesday, music & electronics stores shares were relative laggards, down on the day by about 3%.  Helping drag down the group were shares of Radioshack (RSH), off about 9.8% and shares of Conns (CONN) down ...
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Priceline announced the integration of Apple Pay on its iPhone and iPad iOS 8 applications. The company also launched the redesigned version of its restaurant booking platform. Expedia entered into a collaboration with l...
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(Reuters) - Britain's state-backed lenders only narrowly passed the Bank of England's debut annual stress test, putting the prospects of Lloyds paying a dividend for 2014 in the balance. Lloyds and its British banking ri...
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When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,607 13F filings for the 09/30/2014 reporting period, and noticed that Micron Technology Inc. (NAS...
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Hundreds of Kenyan charity organizations had their bank accounts frozen this week amid heightened government efforts to cut funding sources to militant groups such as Somalia-based Islamist militant group al-Shabab. Offi...
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Belgium has lifted a ban on diamonds from the Ivory Coast that's been in place for more than a decade, after training local officials to spot conflict diamonds.
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Panic washed over Russia Tuesday as the value of the ruble dropped as much as 19 percent in one day, with Russians reportedly flooding currency exchange centers and retailers as they tried to swap their cash for anything...
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U.S. stocks rebounded Tuesday, despite Russia's mounting currency crisis and surprise interest rate hike, as the Dow Jones Industrial Average bounced back after wavering in early trading. Gains from Boeing Co., which jum...
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Tuesday Sector Leaders: Energy, Industrial

Forbes - 16 Dec 2014 22:11
Tuesday Sector Leaders: Energy, Industrial The best performing sector as of midday Tuesday is the Energy sector, up 3.4%. Within that group, Denbury Resources (NYSE: DNR) and Range Resources (NYSE: RRC) are two of the day's stand-outs, showing a gain of 9.2% and ...
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Tuesday Sector Laggards: Services, Consumer Products The worst performing sector as of midday Tuesday is the Services sector, showing a 0.3% loss. Within that group, Amazon.com (NASD: AMZN) and Netflix (NASD: NFLX) are two large stocks that are lagging, showing a loss of 2...
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Fed seen looking past inflation to drop 'considerable time' Federal Open Market Committee will adopt a word such as 'patient' to describe its policy approach, economists predict
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Rouble sinks to record low, defying surprise rate raise Currency sinks beyond 80 per dollar, rebounds to 68 after Russian economy minister denies the government would turn to capital controls
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CVS Health (CVS) approved a 27% increase in its quarterly cash dividend, to $0.35 per share on the common stock of the company. This increase translates to $1.40 per share annually, up 30 cents per share. The quarterly d...
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BlackBerry is returning to its roots with the Classic, which is targeted squarely at BlackBerry loyalists and enterprise customers. The device will feature the classic BlackBerry form factor with a physical QWERTY keyboa...
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Volkswagen is looking to be the solution to the low-electric-range problem, and take on the likes of Tesla in the PEV market. QuantumScape is working on solid-state batteries as a substitute for the lithium-ion technolog...
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Tuesday's ETF with Unusual Volume: DGRO

Forbes - 16 Dec 2014 20:42
The iShares Core Dividend Growth ETF (DGRO) is seeing unusually high volume in afternoon trading Tuesday, with over 1.2 million shares traded versus three month average volume of about 54,000.  Shares of DGRO were up ab...
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