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Market News

Location American Market News for 5 May 2015

New York's 'Helmsley Building' Sells to RXR

Wall Street Journal - 5 May 2015 18:50
RXR closes on the purchase of the so-called Helmsley Building, which is just north of New York's Grand Central Terminal and known to many because Park Avenue foot and vehicle traffic run through it.
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U.S. stocks closed sharply lower Tuesday, snapping a two-day winning streak, as investors weighed a series of mixed data reports ahead of the government's jobs report, due out later this week. Tuesday's declines were dri...
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Regulator to Allow CEO Pay Review at Freddie Mac, Fannie Mae

Wall Street Journal - 5 May 2015 15:27
Freddie Mac and Fannie Mae on Tuesday disclosed that their regulator, the Federal Housing Finance Agency, had authorized them to review the pay of chief executives Donald Layton and Timothy J. Mayopoulos.
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Level Up: EA Shares Pop On Earnings Beat

Forbes - 5 May 2015 22:49
Level Up: EA Shares Pop On Earnings Beat Electronic Arts shares got a boost Tuesday evening after the video game maker known for titles like Dragon Age: Inquisition and Madden NFL easily topped estimates and announced a $1 billion buyback program.
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Shares of Salesforce.com Inc. (NYSE:CRM) leaped nearly 6 percent in afternoon trading Tuesday, hitting a 52-week high, amid reports that software giant Microsoft Corporation is evaluating a bid for the cloud computing co...
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LendingClub's Loss Narrows

Wall Street Journal - 5 May 2015 22:23
LendingClub posted a narrower loss for its first quarter as revenue surged thanks to its marketing investments, and the company raised its revenue projections for the year.
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Kotak Mahindra Bank: performance supports premium valuations Higher other income helped the bank clock 38% growth in consolidated net profit to Rs913 crore in the March quarter from a year ago
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Earnings Magic Is More Alive Than Ever At Disney Disney is just as magical to investors as it is to children. Stock buybacks and sweeping gains across all of Disney's major segment's have the company's share price at an all time high.
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Crowdfunding may get easier for start-ups

livemint.com - 5 May 2015 20:38
Crowdfunding may get easier for start-ups Regulator may relax provision on number of accredited investors who can participate in crowdfunding exercise
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Tuesday Sector Laggards: Utilities, Technology & Communications Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 2.1% loss. Within that group, AGL Resources Inc. (NYSE: GAS) and Wisconsin Energy Corp....
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Tuesday Sector Leaders: Consumer Products, Financial Looking at the sectors faring best as of midday Tuesday, shares of Consumer Products companies are outperforming other sectors, losing just 0.6%. Within the sector, Estee Lauder Cos., Inc. (NYSE: EL) and Harley-Davidson ...
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Los Angeles Sues Wells Fargo Over Sales Tactics

Wall Street Journal - 5 May 2015 20:16
The city of Los Angeles accused Wells Fargo & Co. in a lawsuit of pressuring employees of its retail bank to commit fraudulent acts in order to meet management's sales goals.
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
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The company should continue to benefit from the growth in subscription fees. However, rising programming costs remain a concern for the cable networks. Moreover, currency headwinds could weigh over the the company's perf...
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Nvidia's focus on addressing the top 30% of the market (mainly those vertical segments where visual computing matters the most) is clearly paying off and has helped it outpace the PC market (where it has always had a sig...
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We expect quarterly adjusted earnings to decline on sequential as well as year-over-year bases owing to weaker utilization rates and dayrates. On a GAAP basis, the numbers will be further weighed down by non-cash charges...
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During the first quarter, we expect the company's investment income and performance in the international markets, especially Japan, to drive results. We will also be watching for the impact of new business deals the comp...
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The global leader in beer sales is expected to deliver solid revenue growth this quarter on higher average revenue per unit volume. Organic growth in revenues stood at 5.9% last year, even as volume sales rose only 0.6%....
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We think these quarterly results could see some impact from Alibaba's efforts to restrict the sale of counterfeit products on its marketplaces. In addition, the growing share of mobile platform in the overall GMV will fu...
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Denbury, Chesapeake Are Beyond the Shale

Wall Street Journal - 5 May 2015 19:45
Ahead of the Tape: Skepticism about shale-oil drillers has clipped less-affected companies such as Denbury and Chesapeake.
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Microsoft Breaks Through the Cloud

Wall Street Journal - 5 May 2015 19:16
Despite a recent run, Microsoft's stock is still one of the cheaper ways to gain exposure to a rapidly growing cloud business.
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Copper Hits 2015 High

Wall Street Journal - 5 May 2015 18:44
Copper prices rose to their highest levels since December, buoyed by optimism about demand.
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