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Market News

Location American Market News for 17 December 2014

Junk Bond Market Turns Negative

Wall Street Journal - 17 Dec 2014 20:40
Trading turmoil has dragged junk-bond returns into the red for the year, creating an opportunity for some buyers to re-enter the market in a search for bonds at bargain prices.
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ICE Proposes Major Stock-Market Overhaul

Wall Street Journal - 17 Dec 2014 21:41
Jeffrey Sprecher, CEO of Intercontinental Exchange and owner of the New York Stock Exchange, has begun his first major foray in overhauling the U.S. stock market. In a draft letter being circulated among large banks and ...
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OnDeck Capital Surges Above $20 IPO Price

Wall Street Journal - 17 Dec 2014 20:43
Shares of web-based small-business lender OnDeck Capital Inc. opened at $26.50, 32.5% above their initial public offering price Wednesday.
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Fed Sticks to Patient Tack on Rate Hikes

Wall Street Journal - 17 Dec 2014 21:49
Federal Reserve officials took a delicate step toward raising short-term interest rates in 2015, introducing language into their policy statement that asserted they would be patient about moving away from near-zero short...
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Stocks Jump

Wall Street Journal - 17 Dec 2014 21:41
U.S. stocks extended gains Wednesday after the Fed signaled that it was in no hurry to raise interest rates.
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The government's candidate loses the first round of the presidential ballot, creating a path to power for Greece's euro-skeptic party.
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Baidu could not have partnered with its competitor Google for obvious reasons, and Apple's service does not work on platforms other than iOS. Therefore, HERE is an apt choice for the Chinese company, with its maps in ove...
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Just as the U.S. Federal Reserve convenes a meeting to discuss the economy Wednesday, new data shows U.S. consumer prices posted their biggest drop in almost six years last month as gasoline prices continued falling due ...
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U.S. stocks soared Wednesday, with the Dow Jones Industrial Average surging more than 300 points, after the U.S. Federal Reserve replaced the phrase "considerable time" in its policy statement with "patient," signaling t...
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Wednesday Sector Laggards: Industrial, Services Looking at the sectors faring worst as of midday Wednesday, shares of Industrial companies are underperforming other sectors, up 1.2%. Within that group, FedEx (NYSE: FDX) and Expeditors International of Washington (NASD...
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Wednesday Sector Leaders: Energy, Materials

Forbes - 17 Dec 2014 21:33
Wednesday Sector Leaders: Energy, Materials Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, up 5.7%. Within that group, Newfield Exploration (NYSE: NFX) and Noble Corp (NYSE: NE) are two large ...
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Jeffrey Gundlach, co-founder of DoubleLine Capital, a $60 billion fixed-income investment firm, last week said that if oil slides to $40 per barrel, the yield on the 10-year U.S. Treasury note could drop to 1%. Assume th...
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Fed Threads The Needle, Will Stay 'Patient' On Rate Hikes In recent months investor discussion regarding the Federal Reserve have circled on a seemingly simple, 16-letter phrase: "considerable time."
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The problem is that Japan has never been a "normal" country; it has always been exceptional, both within its Asian region and internationally. Since at least the time of Toyotomi Hideoyoshi in the 16th century, Japan has...
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Rupee's slump worries firms with unhedged forex exposure Forex consultants say companies are getting worried and actively looking at the RBI to support the currency and not allow a repeat of 2013
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A Brief Recap of Avon's Performance in 2014

Forbes - 17 Dec 2014 20:45
Avon was adversely impacted by both macroeconomic as well as microeconomic factors. Externally, the grim economic environment weakened Avon's performance in 2014, especially in the Latin American region, which contribute...
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Precipitation in the coffee-growing regions of Brazil has alleviated the concerns of drought. This has brought back hope that the coffee supply from the country will pick up going forward. This in turn has led to a drop ...
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Over the last few quarters, the world's largest asset managers have been locked in a price war over their ETF offerings in Europe, as all of them target retail investors in a bid to increase their market shares in the ra...
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Roche Hopes For Melanoma Therapy Approval

Forbes - 17 Dec 2014 20:39
It is disturbing that out of the seven most common cancers in the country, only melanoma has shown an increase in incidence, going up by 1.9% annually between 2000 and 2009. It is also one of the very few cancers with an...
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We largely expect Q3 to be another quarter of transition for the company, with continued declines in service subscribers and sluggish software revenues owing to the EZ Pass promotion. However, we believe that the company...
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Moody's Corporation (MCO) declared a regular quarterly dividend of 34 cents per share of MCO Common Stock, a 21 percent increase from the prior quarterly dividend of 28 cents per share. The dividend will be payable on Ma...
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White Christmas Is Rare -- But At Least It's Affordable Dreaming of a white Christmas? Keep dreaming. For most Americans, chances aren’t great for Christmastime snow. From our perch in snowless San Francisco, we crunched detailed weather data from the National Climatic Data...
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