Market News
Tata Steel's profitability knocked down by lower steel prices
livemint.com - 20 May 2015 17:58Legal Battle Brews Over Gadhafi's Millions
Wall Street Journal - 20 May 2015 18:15
Mutassim Gadhafi was a prized customer for Bank of Valletta. But after Mr. Gadhafi and his father, Col. Moammar Gadhafi, were killed during Libya's 2011 revolution, his remaining millions have landed Bank of Valletta in ...
Commodities Hit by Stronger Dollar
Wall Street Journal - 20 May 2015 02:07
Commodity prices tumbled, as a resurgent dollar and concerns about weakness in China's economy pushed investors out of everything from crude oil to copper and corn.
Dow Jones Industrial Average Dips As Wal-Mart Stores Inc (WMT) Sheds Nearly 1%; S&P 500 Index Hits Intraday Record
IBTimes - 20 May 2015 22:34
U.S. stocks closed slightly lower Wednesday, as sharp declines in airline stocks offset the afternoon's gains. The latest minutes from the U.S. Federal Reserve revealed the central bank ruled out June as a timetable for ...
New York Banking Regulator Lawsky to Step Down
Wall Street Journal - 20 May 2015 22:24
Benjamin Lawsky, New York state's top banking regulator and a consistent Wall Street antagonist, is stepping down from his top post at the Department of Financial Services.
Altice's U.S. Foray Jumbles Cable
Wall Street Journal - 20 May 2015 21:43
Suddenlink looks like Altice's springboard to the American market, and perhaps Time Warner Cable. But the company must also prove its longer-term growth potential.
FOMC Minutes: Empire Striking Back; Not So Confident Anymore; Next Move a Negative Funds Rate?
Forbes - 20 May 2015 21:41
It took a while for this contingent of FOMC members to reach the conclusion that in this economy the dollar matters. With housing on the upswing but not swinging up enough to pull overall growth sufficiently higher, ther...
Fed Minutes: June Rate Hike Doubtful
Wall Street Journal - 20 May 2015 21:35
Federal Reserve officials meeting in late April doubted they would be ready to raise short-term interest rates by midyear, flagging a soft first quarter as a concern, according to minutes of the meeting released Wednesda...
Wednesday Sector Laggards: Industrial, Financial
Forbes - 20 May 2015 20:51
In afternoon trading on Wednesday, Industrial stocks are the worst performing sector, showing a 0.2% loss. Within that group, Southwest Airlines Co (NYSE: LUV) and American Airlines Group Inc (NASD: AAL) are two of the d...
PSU stocks disappoint in Modi govt's first year
livemint.com - 20 May 2015 20:44Bharat Forge: Cautious outlook tempers investor expectations
livemint.com - 20 May 2015 20:13
The 31% rise in stand-alone net sales to `1,223.9 crore was the result of a strong 18% growth in tonnage shipped and a 13% rise in realization from the year-ago period
Wednesday 5/20 Insider Buying Report: DD, MBTF
Forbes - 20 May 2015 20:13
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.
Bajaj Finserv justifies the rise in share price
livemint.com - 20 May 2015 20:09
Bajaj Finance shares have trebled since February last year, on the back of its impressive growth
Home Depot Earnings Review: Strong Q1 Results Even As U.S. Economy Slackens
Forbes - 20 May 2015 19:44
Sales for the retailer were recorded at $20.90 billion, beating analyst expectations of $20.82 billion, to grow 6.1% on a year-on-year basis. Comps in the quarter also grew 6.1%, with U.S. stores reporting 7.1% growth. T...
Daily Dividend Report: NOC, BG, MO, JCI, MDLZ, CME, BDX, PPL
Forbes - 20 May 2015 19:43
Northrop Grumman (NOC) declared a quarterly dividend of $0.80 per share on Northrop Grumman common stock, a 14 percent increase from the prior quarterly dividend of $0.70 per share. This is the 12th consecutive annual in...
China Mobile Inching Towards 50% High Speed User Mix
Forbes - 20 May 2015 19:42
China Mobile is growing its 4G subscriber base at a frantic pace, with the carrier crossing the 153 million mark in April. The world's largest carrier by subscribers added about 10 million 4G subscribers in the month, co...
Deere Earnings Preview: Weak Agriculture Equipment Sales To Weigh On Top Line
Forbes - 20 May 2015 19:40
We expect to see soft second quarter results, as continued weakness in sales of global agriculture equipment weigh on the company's top line. It is because of this weakness that JPMorgan recently downgraded Deere, sendin...
Q1 2015 U.S. Banking Review: Net Interest Margin
Forbes - 20 May 2015 19:38
The discrepancy in the way investors' reacted to the bad news with respect to the financial sector stems from the Fed's likely response over the coming months. Given the slowing economic growth, investors now expect the ...
Best Buy Earnings Preview: Expectedly Low Bottom Line To Be The Key Feature Of Q1
Forbes - 20 May 2015 19:36
According to the company, this fiscal year will continue to see weak industry demand in certain product categories and price pressures from competitors. Because the company's margins are already under pressure, this will...
Ascena Group Buys Ann In A Cash And Stock Deal
Forbes - 20 May 2015 19:34
More than a week back, there were reports that Ann was in advanced one-on-one negotiations with Golden Gate Capital for a probable buyout. Now, the women’s specialty retailer has been acquired by Ascena Retail Group, ...
Wednesday's ETF with Unusual Volume: URTH
Forbes - 20 May 2015 19:31
The iShares MSCI World ETF (URTH) is seeing unusually high volume in afternoon trading Wednesday, with over 374,000 shares traded versus three month average volume of about 41,000. Shares of URTH were off about 1.2% on t...
Wednesday's ETF Movers: GDXJ, XTN
Forbes - 20 May 2015 19:29
In trading on Wednesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Continental Gold (CNL.CA), up about 1...