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Market News

Location American Market News for 10 June 2015

Are you making a payment to a non-resident?

livemint.com - 10 Jun 2015 16:11
Are you making a payment to a non-resident? Making payment at foreign websites could now be financially hazardous for you
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Tech Startups Play Numbers Game

Wall Street Journal - 10 Jun 2015 04:41
Unconventional financial terms like "bookings" are helping Uber and other companies woo investors, but critics say the practice is inflating valuations.
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How Big Is GE Capital? It Depends

Wall Street Journal - 10 Jun 2015 03:13
General Electric has been using different sets of figures when communicating the value of its financial unit's assets to regulators and to investors.
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U.K. Closes a Crisis Chapter, Starts Exit From RBS

Wall Street Journal - 10 Jun 2015 22:47
The U.K. government will start selling shares in Royal Bank of Scotland Group within months in a long-anticipated but highly symbolic move to show the country has moved on from the financial crisis.
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Outflows Hit Waddell & Reed Funds

Wall Street Journal - 10 Jun 2015 22:41
Waddell & Reed Financial, one of the biggest beneficiaries of the recent boom in mutual funds, has hit a rough patch. Nervous investors pulled $12.5 billion out of the investment company's two largest mutual funds over t...
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Which 8 Gurus All Hold Mohawk Industries?

Forbes - 10 Jun 2015 22:08
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 4,028 13F filings for the 03/31/2015 reporting period, and noticed that Mohawk Industries, Inc. (NY...
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Oil Prices Rise on Inventory Data

Wall Street Journal - 10 Jun 2015 21:38
U.S. oil prices rose to a new 2015 high Wednesday after U.S. data showed stronger-than-expected demand for crude oil and gasoline.
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RBI norms may shift demand for funds away from banks

livemint.com - 10 Jun 2015 21:05
RBI norms may shift demand for funds away from banks RBI's proposed move to allow firms to sell rupee bonds abroad may also help develop credit default swaps market
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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Wednesday Sector Leaders: Financial, Technology & Communications Looking at the sectors faring best as of midday Wednesday, shares of Financial companies are outperforming other sectors, up 1.5%. Within that group, American International Group Inc (NYSE: AIG) and MetLife Inc (NYSE: ME...
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Promoters up stake in Adani Ports to 56.26%

livemint.com - 10 Jun 2015 19:54
Promoters up stake in Adani Ports to 56.26% Shares were acquired pursuant to implementation of composite scheme of arrangement, which was approved by the Gujarat HC
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Quarterly revenues grew by about 8.4% year-over-year to about $469 million, driven by strong module demand in Japan, lower-than-expected seasonality in the Chinese market and relatively stable average selling prices. How...
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Despite continued headwinds, the company exceeded its full year guidance, which it had raised after an impressive Q3. This outperformance was primarily driven by higher front-end and pharmacy sales. While a more severe f...
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Caterpillar (CAT) voted to increase the quarterly cash dividend by 10 percent to seventy-seven cents ($0.77) per share of common stock, payable August 20, 2015, to stockholders of record at the close of business on July ...
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In the first quarter, Lululemon reported total sales of $423.5 million, a 10% increase compared to the first quarter in fiscal 2014. On a constant-dollar basis, comparable sales, which include comparable store sales and ...
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This contract will give Lockheed Martin the substantial lead time required to be able to produce the contracted 94 fighter jets. The long time interval exists because of the fact that building materials like Titanium can...
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Wednesday's ETF with Unusual Volume: BSCG

Forbes - 10 Jun 2015 19:35
The Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG) is seeing unusually high volume in afternoon trading Wednesday, with over 376,000 shares traded versus three month average volume of about 132,000. Shares of BSC...
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Wednesday's ETF Movers: ILF, GXC

Forbes - 10 Jun 2015 19:33
In trading on Wednesday, the iShares Latin America 40 ETF (ILF) is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Banco Bradesco (BBD), up about 4...
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In trading on Wednesday, agriculture & farm products shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of Origin Agritech (SEED), off about 8.9% and shares of CVR Partn...
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In trading on Wednesday, cigarettes & tobacco shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Alliance One International (AOI), up about 20.5% and shares of Universal Corporati...
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Greece Is the Crisis Club's Odd Man Out

Wall Street Journal - 10 Jun 2015 19:28
Capital Account: Chief economics commentator Greg Ip looks at why Greece, even if it avoids default at the end of June, is likely to continue struggling.
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Global stocks halt selloff, Greece hopes lift Wall Street The pan-European FTSEurofirst 300 share index rises 1.7% compared with a 1.35% rise for the MSCI all world stock index; German bond yields hit 1%, highest since September
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