Market News
Volkswagen's Overhaul May Not Upgrade Profit Engine
Wall Street Journal - 29 Apr 2015 17:27
Hopes that Volkswagen will focus more on profitability following board upheaval may be too optimistic, with potential improvements already priced into the stock.
Barclays Takes Extra $1.2B Hit For Potential Forex Settlements
IBTimes - 29 Apr 2015 10:59
(Reuters) - Barclays set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past prob...
Twitter Shares Tumble After Nasdaq Leaks Results Early
Wall Street Journal - 29 Apr 2015 06:19
Twitter delivered its weakest quarterly revenue growth as a public company, casting a shadow on its fledgling ad business.The company's stock tumbled nearly 20% after the results leaked out on the social-media service it...
Banks Feel the Heat From Lawsuits
Wall Street Journal - 29 Apr 2015 00:17
Lenders including Bank of America, Wells Fargo and Citigroup are being sued for loan provisions that can protect corporate clients from boardroom attacks by hedge funds and hostile bidders.
Dollar Tumbles on More Rate Uncertainty
Wall Street Journal - 29 Apr 2015 23:34
The dollar tumbled toward its biggest one-day decline against the euro in more than a month, as a lackluster reading on U.S. growth sowed more doubts about the prospect of higher interest rates this year.
Fed Slows for Economy's Yellow Light
Wall Street Journal - 29 Apr 2015 23:31
The economy should rebound after a weak first quarter, but until it does the Federal Reserve is in a muddle.
Indonesia: It Turns Out Executing Australians Is Bad For Business
Forbes - 29 Apr 2015 23:20
Many Australians awoke appalled today - those that had gone to bed at all, as many did not - to learn that two of their citizens had been executed by firing squad in Indonesia overnight for drug offences. It has proved a...
Yelp Posts A Quarterly Loss, Delivers Disappointing Outlook
Forbes - 29 Apr 2015 23:08
Yelp said on Wednesday that it lost money in its first quarter, plus delivered an outlook for the year that was at the low end of expectations.
Where From Here For The Oil Price?
Forbes - 29 Apr 2015 22:54
The first topsy-turvy quarter of the current oil trading year is behind us, with both benchmarks – Brent and WTI – currently trading above the stated period’s average price well in to the second quarter. In fact, s...
Dow Jones Industrial Average Drops As Wall Street Weighs Soft US Economic Growth; Twitter Inc (TWTR) Shares Tumble 9%
IBTimes - 29 Apr 2015 22:35
U.S. stocks closed lower Wednesday, with the Dow Jones Industrial Average dropping more than 70 points. As the Federal Reserve kept interest rates at historic lows, investors digested a disappointing report that revealed...
Gilead Sciences Popular Amongst Latest 13F Filers
Forbes - 29 Apr 2015 22:16
At Holdings Channel, we have reviewed the latest batch of the 26 most recent 13F filings for the 03/31/2015 reporting period, and noticed that Gilead Sciences, Inc. (NASD: GILD) was held by 13 of these funds. When hedge ...
Federal Reserve System: FOMC Statement Hints At September Rate Hike Following 'Soft' Q1 Economic Growth
IBTimes - 29 Apr 2015 21:53
The U.S. Federal Reserve kept interest rates at historic lows Wednesday, following the release of a disappointing gross domestic product report that revealed the U.S. economy grew slower than expected in the first quarte...
Emerging Markets Rally Amid Troubles
Wall Street Journal - 29 Apr 2015 21:42
Stocks, currencies and bonds in the developing world have taken off, but difficulties that weighed them down early in the year are likely to return to the forefront, investors and analysts say.
Januvia Passes, Afrezza On Deck
Forbes - 29 Apr 2015 21:34
The fact is, it?s still early in the game for Afrezza and truth be told we really won?t know how the drug is doing for another few quarters.
Nifty closes below 200 DMA; seen drifting further
livemint.com - 29 Apr 2015 21:33
The 50-share Nifty fell 0.55% to 8,239.75, below its 200 DMA of 8,267.27
EPS Estimates Down for Legg Mason In Past Month
Forbes - 29 Apr 2015 21:00
Leading up to Legg Mason's announcement of its fourth-quarter earnings on Friday, May 1, 2015 analysts have become more wary as expectations have fallen over the past month to earnings of 99 cents per share from earnings...
Earnings for Duke Energy Expected to Fall
Forbes - 29 Apr 2015 21:00
Wall Street is expecting lower profit for Duke Energy when the company reports its first quarter results on Friday, May 1, 2015. Analysts are expecting earnings per share of $1.12 after the company booked a profit of $1....
Earnings for Clorox Expected to Fall
Forbes - 29 Apr 2015 21:00
Wall Street is expecting lower profit for Clorox when the company reports its third quarter results on Friday, May 1, 2015. Analysts are expecting earnings per share of $1.10 after the company booked a profit of $1.18 a ...
Public Service Enterprise Group Earnings Expected to Dip
Forbes - 29 Apr 2015 21:00
Public Service Enterprise Group is expected to report lower first-quarter earnings on Friday, May 1, 2015. Analysts are expecting a 6% drop in earnings from a year ago. The consensus estimate is 95 cents per share, down ...
American International Group Profit Expected to Slip
Forbes - 29 Apr 2015 21:00
Despite an expected dip in profit, analysts are generally optimistic about American International Group as it prepares to reports its first-quarter earnings on Thursday, April 30, 2015. The consensus earnings per share e...
EPS Estimates for Moody's Improved In Last Month
Forbes - 29 Apr 2015 21:00
Leading up to Moody's' announcement of its first-quarter earnings on Friday, May 1, 2015, analysts have become more bullish as expectations have improved over the past month from $1.01 per share to the current projection...
Pinnacle West Capital Earnings Projected to Increase
Forbes - 29 Apr 2015 21:00
Optimism surrounds Pinnacle West Capital, as it gets ready to report its first quarter results on Friday, May 1, 2015. Analysts are expecting the company to book a profit of 18 cents a share, up from 14 cents a year ago....