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Market News

Location American Market News for 27 May 2015
Sensex ends flat as rate-cut hopes offset earnings disappointment The Sensex closed 0.12%, or 33.25 points, higher at 27,564.66, while the Nifty closed down 0.06%, or 4.75 points, lower at 8,334.60
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Join Mint's market experts on the daily Live Markets chat Interact with our experts from 12pm to 1pm every weekday to figure out what's moving the markets
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Things to watch in the markets today

livemint.com - 27 May 2015 04:32
Things to watch in the markets today Asian markets were trading in the red, following weak cues from the US
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Argentina Regains Allure to Investors

Wall Street Journal - 27 May 2015 23:59
Hedge funds are piling into investments in a most unlikely locale: Argentina.
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Michael Lewitt has managed credit portfolios in his 25 years in the securities and investment banking industries. He talks to Steve Forbes about his thoughts on Janet Yellen, negative interest rates, and the difference b...
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European Biotechs Head to Wall Street

Wall Street Journal - 27 May 2015 23:30
Wall Street's seemingly insatiable appetite for biotechnology stocks has led to a surge in small companies from Europe listing in the U.S.
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Bank Chiefs Don't Buoy Trading Hopes

Wall Street Journal - 27 May 2015 23:20
Comments from BofA's Brian Moynihan and J.P. Morgan's James Dimon do little to lift hopes for a trading uptick in the second quarter.
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U.S. stocks closed higher Wednesday, with the Nasdaq composite hitting a record closing high, led by gains in the technology sector. All three major indexes rebounded, with the Dow Jones Industrial Average rallying more ...
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Workday's Growth Turns Taskmaster

Wall Street Journal - 27 May 2015 21:22
Workday's latest results showed it can't afford to miss a single step on the growth treadmill.
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What is really slowing India's exports?

livemint.com - 27 May 2015 20:48
What is really slowing India's exports? Domestic problems such as an electricity shortage continue to hamper export manufacturers
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Wednesday Sector Leaders: Technology & Communications, Healthcare Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, up 1.8%. Within the sector, Broadcom Corp. (NASD: BRCM) and Avago Technologies L...
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Wednesday Sector Laggards: Energy, Consumer Products Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, higher by 0.2%. Within that group, Noble Energy, Inc. (NYSE: NBL) and ONEOK Inc. (NYSE: OKE) are t...
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U.S. Funds Hope to Cash in on Japanese Pensions

Wall Street Journal - 27 May 2015 20:30
Japan is loosening rules on pensions, drawing interest from U.S. investment managers who want to look after a slice of the country's trillions of dollars of retirement money.
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GameStop Has More Lives Left

Wall Street Journal - 27 May 2015 19:47
Ahead of the Tape: GameStop's used-videogame cash cow has lasted longer than pessimists predicted.
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Merck (MRK) has declared a quarterly dividend of $0.45 per share of the company's common stock for the third quarter of 2015. Payment will be made on July 8, 2015, to stockholders of record at the close of business on Ju...
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U.S. Seeks Details on Top China Official Amid Bank-Hiring Probe

Wall Street Journal - 27 May 2015 19:46
SEC is seeking information about a Chinese anticorruption official in connection with their probe of J.P. Morgan's hiring of relatives of Chinese government officials.
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The Strong U.S. Dollar Is Weighing On Harley-Davidson's Financials Harley-Davidson is going through a rough patch, not only because of the looming threat of an aging core population of Caucasian males, but also because of a strengthening dollar. The iconic manufacturer of heavyweight mo...
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Judge Gets Letter on Behalf of U.K. Trader in Flash-Crash Case

Wall Street Journal - 27 May 2015 19:43
A plea to an Illinois judge to stop the case against British trader Navinder Singh Sarao, or else "bear the liability of all wrongs," has been entered into official court records.
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To counter declining Security sales, the company stated that it was moving away from point-based solutions towards integrated solutions covering a gamut of problems across switching, routing and security domains. To an e...
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Q1 2015 U.S. Banking Review: Total Loan Portfolio The prevailing low interest rates and growing optimism about the strength of the economy is primarily responsible for this positive trend, as they have coaxed individuals as well as businesses to tap into available credi...
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On the basis of these earning results, we have reduced our price estimate for the company from $6.80 to $6.41. This is as we have lowered the company?s top-line outlook for 2015, even while we have kept the profitability...
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Though Abercrombie had identified this trend and was proactively looking to overhaul its merchandise portfolio, its sales have plummeted during this transition. During the last quarterly earnings call, Executive Chairman...
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