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Market News

Location American Market News for 19 May 2015

Oil Falls Amid Bearish Fundamentals

Wall Street Journal - 19 May 2015 06:05
Oil prices edged lower Monday after Saudi Arabia posted its highest level of monthly exports in nearly 10 years and an Iranian official said OPEC would likely decide to keep production steady at its meeting next month.
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Nikkei Breaks 20,000 Ahead of Japan GDP

Wall Street Journal - 19 May 2015 05:22
The Nikkei approaches its highest level since late April after the S&P 500 closes at a third consecutive record.
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Drug Deal to Generate Tax Benefits

Wall Street Journal - 19 May 2015 03:13
Endo International agreed to buy Par Pharmaceutical from private-equity firm TPG for about $8 billion in cash and stock.
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Regulators Point to Risks From Rapid Trading

Wall Street Journal - 19 May 2015 23:37
U.S. regulators highlighted risks from electronic trading and clearinghouses in their annual report on threats to the nation's financial stability.
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Palladium Revs Its Engine

Wall Street Journal - 19 May 2015 22:35
The metal, usually overshadowed by gold, silver and platinum, is commanding more attention. Healthy sales of autos in the U.S. and China are expected to keep demand robust.
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Which 10 Gurus All Hold SunEdison?

Forbes - 19 May 2015 21:45
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,948 13F filings for the 03/31/2015 reporting period, and noticed that SunEdison Inc (NYSE: SUNE) ...
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World Trade Center Station's Troubles Take Toll on Architect

Wall Street Journal - 19 May 2015 21:29
The PATH station at the World Trade Center was planned to be a jewel of the 16-acre development site, but cost overruns have made a scapegoat out of Spanish-born architect Santiago Calatrava.
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ECB to Move Up Stimulus Plans

Wall Street Journal - 19 May 2015 21:22
The euro dived and European stocks and bonds surged after ECB board member Benoît Coeuré said the central bank would conduct planned bond purchases earlier in the summer to make up for lower liquidity later.
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Changing the Channel on Apple TV

Wall Street Journal - 19 May 2015 21:14
Unplugging plans for a television set shows discipline amid fevered speculation around Apple.
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Don't Bet the House on Home-Improvement Stocks

Wall Street Journal - 19 May 2015 20:58
Ahead of the Tape: Lowe's is flavor of the month in a home-improvement retailer taste test, but the sector looks pricey.
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Fuel availability improves for thermal power plants

livemint.com - 19 May 2015 20:50
Fuel availability improves for thermal power plants The number of power plants with stock of less than seven days of fuel fell sharply last year
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Tuesday Sector Laggards: Energy, Materials

Forbes - 19 May 2015 20:35
Tuesday Sector Laggards: Energy, Materials In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 1.9% loss. Within the sector, Transocean Ltd. (NYSE: RIG) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks that...
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Tuesday Sector Leaders: Healthcare, Financial Looking at the sectors faring best as of midday Tuesday, shares of Healthcare companies are outperforming other sectors, higher by 0.7%. Within that group, Endo International plc (NASD: ENDP) and Tenet Healthcare Corp. (...
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The company cited recurring losses, negative working capital, net cash outflows and doubts related to its ability to service debt as reasons for the uncertainty. Yingli hasn?t posted a quarterly profit since Q2 2011 and ...
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Cree Plans To Spin-Off Its Power And RF Division To Unlock Its Full Value The offering would enable Cree management to better focus on its LED and Lighting business, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree...
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Trina Solar intends to increase module manufacturing capacity from 4 GW to about 4.8 GW this year, while increasing cell capacity from 3 GW to 3.5 GW. It is also looking to bring down costs further by setting up manufact...
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A tough business environment continued to affect its profitability across most geographies and verticals. The decline was further accentuated by the cross currency headwinds as dollar was strong viz-a-viz other currencie...
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If regulators approve the deal, it will enable AT&T to become a leader in content distribution across various platforms including mobile, broadband and TV. In addition to the strategic benefits, AT&T was likely drawn to ...
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JPMorgan Chase (JPM) declared a quarterly dividend of 44 cents per share on the outstanding shares of the common stock of JPMorgan Chase. The dividend is payable on July 31, 2015, to stockholders of record at the close o...
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Tuesday's ETF with Unusual Volume: CWI

Forbes - 19 May 2015 19:41
The SPDR MSCI ACWI ex-US ETF (CWI) is seeing unusually high volume in afternoon trading Tuesday, with over 495,000 shares traded versus three month average volume of about 137,000. Shares of CWI were down about 0.2% on t...
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Tuesday's ETF Movers: GXC, OIH

Forbes - 19 May 2015 19:39
In trading on Tuesday, the SPDR S&P China ETF (GXC) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Cheetah Mobile (CMCM), up about 13% and shar...
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In trading on Tuesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.6%. Helping drag down the group were shares of Contango Oil & Gas (MCF), off about 9.8% and shares of Yu...
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