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Market News

Location American Market News for 6 May 2015

J.P. Morgan's Barista-Turned-Banker Sees Good Things Brewing

Wall Street Journal - 6 May 2015 13:16
Ivette Agosto's years of serving coffee to J.P. Morgan bankers got the Starbucks worker noticed--and hired.
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SunGard Prepares IPO

Wall Street Journal - 6 May 2015 00:48
SunGard is preparing for an initial public offering nearly a decade after a group of private-equity firms acquired it in the wave of megabuyouts that preceded the financial crisis.
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MetLife's Operating Profit Rises 4.9%

Wall Street Journal - 6 May 2015 22:10
MetLife Inc. posted a 4.9% increase in first-quarter operating profit despite a slight decline in revenue.
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Big Oil's Disruptive Climate Change

Wall Street Journal - 6 May 2015 20:05
Oil majors face a real risk of stranded assets--and not just related to efforts to limit carbon emissions.
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Virtu Financial Aims to Break Into China

Wall Street Journal - 6 May 2015 18:40
Virtu Financial Inc., one of the world's biggest high-frequency trading firms whose first-quarter earnings rose 49%, is trying to break into China.
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'Flash Crash' Overhaul Is Snarled in Red Tape

Wall Street Journal - 6 May 2015 02:03
Five years after the market meltdown, efforts to prevent a repeat drag far behind schedule.
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In his first comments since being arrested for allegedly contributing to the 2010 "flash crash," trader Navinder Sarao said he had "not done anything wrong apart from being good at my job."
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Keurig Offers Limp Outlook Amid Struggle To Diversify Shares of Keurig Green Mountain took a beating on Wednesday after the company, best known for its single-serve K-cups and coffee machines, slashed its outlook and reported disappointing earnings.
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Fed's Yellen: Stock Valuations 'Generally Are Quite High'

Wall Street Journal - 6 May 2015 23:13
Federal Reserve Chairwoman Janet Yellen said Wednesday stock market valuations appear "quite high" and some bond and loan markets suggest investors may be taking excess risks.
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Media giant 21st Century Fox Inc. (NASDAQ:FOXA) reported third-quarter 2014 results Wednesday afternoon, beating analysts' estimates on earnings but missing on revenue. The Rupert Murdoch-controlled company reported flat...
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Wells Fargo Ups Estimated Potential Litigation-Related Loss

Wall Street Journal - 6 May 2015 22:21
Wells Fargo increased its estimate of the amount it may lose related to litigation in excess of legal reserves to as much as $1.2 billion as of March 31 from $1.1 billion three months earlier.
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Even Before 'Star Wars,' EA's Force Awakens

Wall Street Journal - 6 May 2015 21:51
Having earned a reputation for hitting its targets, Electronic Arts is wisely keeping hopes for Star Wars in check.
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Is the party over for Indian markets?

livemint.com - 6 May 2015 21:10
Is the party over for Indian markets? Sensex, Nifty close at lowest levels in five months; bonds affected by pressure from global debt markets sell-off
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SREI Infra Finance says may dilute or divest stake in Viom Networks SREI Infra says it is in discussion on various options
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Wednesday Sector Laggards: Utilities, Technology & Communications Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, showing a 1.2% loss. Within the sector, Exelon Corp. (NYSE: EXC) and FirstEnergy Corp. (NYSE: F...
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Wednesday Sector Leaders: Materials, Industrial Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, up 0.1%. Within that group, CONSOL Energy Inc (NYSE: CNX) and Vulcan Materials Co (NYSE: VMC) are ...
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The markets had it coming

livemint.com - 6 May 2015 20:25
The markets had it coming A 723-point fall in the Sensex to its lowest point this year may seem like a sharp and sudden fall, but Indian equities had it coming for quite some time now
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Priceline Can't Name Its Own Share Price

Wall Street Journal - 6 May 2015 20:13
Ahead of the Tape: Priceline looks pricey and may get clipped by dollar strength and decelerating growth.
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NRG Energy to Return to Profitability

Forbes - 6 May 2015 20:00
Analysts expect NRG Energy to rally after a loss of 18 cents a year ago. Profits for the company, which will report its first-quarter earnings on Friday, May 8, 2015, are expected to come in at 16 cents per share.Over th...
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Expectations have dropped for Koppers HoldingsĀ first quarter results in the month leading up to the company's earnings announcement slated for Friday, May 8, 2015. The consensus analyst estimate has dropped from six cen...
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We expect the company to report currency-neutral top-line growth during the quarter, in line with the recent increase in bookings. In addition, its new strategies will drive higher engagement levels, in our view. These i...
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We believe that CBS will report continued growth in its non-advertising income from subscription and retransmission consent. However, advertising income likely trended lower since the network had one less Playoff game in...
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