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Market News

Location American Market News for 8 June 2015

Delinquencies Jump on Home-Equity Credit Lines

Wall Street Journal - 8 Jun 2015 18:47
Another post-crisis hangover looms for banks as principal comes due on lines of credit extended during the property boom. Delinquencies have risen as homeowners face sharply higher monthly payments.
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Diageo PLC, the maker of iconic liquor brands like Guinness and Baileys, may be a potential takeover target for Brazilian billionaire Jorge Paulo Lemann and his private equity firm 3G Capital. Lemann, the country's riche...
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Hanergy May Prompt a Town Health Checkup

Wall Street Journal - 8 Jun 2015 11:57
With Hanergy's plunge causing investors to hunt for overvalued Hong Kong stocks, Town Health International Medical is due for an examination.
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A federal judge ruled Monday that the Securities and Exchange Commission's appointment of an in-house judge was "likely unconstitutional."
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Apple to Add Cards From Discover, Some Stores to Apple Pay

Wall Street Journal - 8 Jun 2015 22:42
Apple is expanding its Apple Pay mobile-phone payments service to accept cards from Discover Financial Services and certain retail stores, including Kohl's and J.C. Penney.
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Apple Must Change Its Mood Music

Wall Street Journal - 8 Jun 2015 22:32
Apple has pivoted on its music strategy--just as growth for the iPhone business is expected to slow.
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The company is expected to break its streak of a fall in reported earnings per share for three straight quarters, despite no expectation of an increase in sales. Following the previous quarter, the company announced that...
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Deutsche Bank CEO to Tackle Regulatory Challenges

Wall Street Journal - 8 Jun 2015 22:21
New Deutsche Bank CEO John Cryan faces the challenge of cutting costs and reshaping relations with regulators on both sides of the Atlantic.
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Sears' Great Retail Sector Giveaway

Wall Street Journal - 8 Jun 2015 22:20
Sears remains a force in retail--but increasingly a positive one for its rivals.
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Lululemon's Stock Gets Overheated

Wall Street Journal - 8 Jun 2015 21:30
Lululemon has returned to growth after a rough patch but its valuation once again looks stretched.
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U.K. Bond Auction Could Fail Because of Volatility

Wall Street Journal - 8 Jun 2015 21:29
A U.K. government bond auction could soon fail to attract enough buyers because of market volatility, the head of the country's debt-management office said.
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Monday Sector Laggards: Technology & Communications, Energy In afternoon trading on Monday, Technology & Communications stocks are the worst performing sector, showing a 1.3% loss. Within the sector, eBay Inc. (NASD: EBAY) and Avago Technologies Ltd (NASD: AVGO) are two large sto...
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Monday Sector Leaders: Consumer Products, Financial The best performing sector as of midday Monday is the Consumer Products sector, losing just 0.1%. Within the sector, Ford Motor Co. (NYSE: F) and Constellation Brands Inc (NYSE: STZ) are two of the day's stand-outs, show...
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Clariant Chemicals to buyback 13.42% shares for Rs340 crore The company fixes the buyback price at `950 per share
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Tesla Motors CEO Elon Musk is expected Tuesday to outline his progress in turning the boutique maker of toys for the rich into a mainstream producer of electric cars for the masses. At the company's fifth annual sharehol...
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Weekly Pay-TV Notes: Dish, AT&T & Netflix

Forbes - 8 Jun 2015 19:45
The pay-TV industry saw significant activity this week, with Dish launching Sling TV's Spanish variant Sling Latino. On a separate note, AT&T is reportedly willing to abide by the FCC's new net neutrality rules in exchan...
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Here's Why Home Depot Continues To Win

Forbes - 8 Jun 2015 19:41
Complementing the budding online business, is a higher focus on Pro customers, who are instrumental in driving ticket sizes. Both Home Depot and Lowe's have done a great deal to increase appeal among pro customers by bro...
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The auto industry has seen a marked increase in outstanding loans in recent years, with data compiled by the Federal Reserve Bank of New York showing that total auto loans have jumped from $702 billion at the end of Q2 2...
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Most of the cancer research, at least in terms of dollars, appears to be focused on this area. Merck's Keytruda was previously approved for melanoma but, earlier this month, the FDA granted priority review for the drug f...
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Why does MSCI India trade at a higher valuation than MSCI China? Despite the bubble talk, MSCI China Index is trading at a P-E multiple of 11.6 times one-year forward earnings estimates, against 16.7 times for India
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If these rumors come to be true, Qualcomm could gain a competitive position in the market after being hit by Samsung. In January 2015, reports began to surface that Qualcomm's upcoming flagship system-on-chip was having ...
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Women are more at risk financially because they live longer and earn less than men. But there are steps they can take to protect themselves.
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