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Location American Market News for 11 June 2015
torage giant NetApp has seen some weakness in product sales over the last few quarters, with its services division driving much of the company's top line growth. The company recently reported a 7% year-over-year decline ...
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Litigation Bets Burn Hedge Funds

Wall Street Journal - 11 Jun 2015 23:52
A legal victory for J.P. Morgan Chase & Co. stung Appaloosa Management LP and other hedge funds last week, the latest in a streak of soured Wall Street bets on litigation outcomes.
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Shares of Twitter Inc. (NYSE:TWTR) jumped 8 percent in extended-hours trading Thursday after the social media company announced CEO Dick Costolo will step down on July 1. The embattled chief executive will be replaced by...
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Tech Deal Makers Lose Out in India

Wall Street Journal - 11 Jun 2015 22:17
India's tech startups are going without investment bankers as they seek to raise cash or acquire rivals.
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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 MasterCard Inc (NYSE: MA) w...
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Funds Added To Health Care REIT Positions

Forbes - 11 Jun 2015 21:52
At Holdings Channel, we have reviewed 4,028 13F filings for the 03/31/2015 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...
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Nobody likes to take the pain in the short term: Vikas Khemani The president and chief executive at Edelweiss Securities says Indian markets are passing through a phase where a readjustment of expectations is happening
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March quarter corporate results | The gap between reality and expectations Indian firms turned in their worst financial performance in 14 years in the quarter to March. Worse, they fell far short of Street estimates. What lies ahead?
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A Biofuel Law's Unintended Consequences

Wall Street Journal - 11 Jun 2015 21:22
A new Environmental Protection Agency proposal has shaken the market for an esoteric asset underlying the fuel industry, as suppliers and financial speculators trade billions of federal credits aimed at cutting pollution...
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Thursday Sector Laggards: Energy, Consumer Products The worst performing sector as of midday Thursday is the Energy sector, showing a 0.6% loss. Within that group, Transocean Ltd. (NYSE: RIG) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks that are lag...
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Thursday Sector Leaders: Utilities, Healthcare In afternoon trading on Thursday, Utilities stocks are the best performing sector, up 0.8%. Within that group, AES Corp. (NYSE: AES) and Xcel Energy, Inc. (NYSE: XEL) are two of the day's stand-outs, showing a gain of 1....
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Weight on Inflation Is Lifting

Wall Street Journal - 11 Jun 2015 20:04
Ahead of the Tape: The dollar and oil's drag on inflation may start to fade this month, easing pressure on those who want to see higher interest rates.
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T-Mobile Could Fit Within Dish's Value Spectrum

Wall Street Journal - 11 Jun 2015 20:03
Differing opinions over the value of Dish's spectrum shouldn't stand in the way of a deal with T-Mobile.
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U.S. stocks traded higher Thursday even as the International Monetary Fund announced that bailout discussions with Greece had halted. Failure to make progress in the talks puts Athens at risk of default and could lead to...
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8point3 Energy Partners, the joint yieldco formed by U.S. solar majors First Solar and SunPower , has announced that it expects its initial public offering to be priced between $19 and $21 per share. The company intends ...
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Content Delivery Network giant Akamai recently announced a new strategic alliance with industry-leading managed security services firm Trustwave.  The company also announced the opening of a new Security Operations Cen...
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Airlines' Stocks Drop As Fear Of Price War Clouds The Industry The US airline industry, that hit the headlines with record first quarter profits on the back of low crude oil prices, is now experiencing a slump as investors anticipate a revival of the old dynamics of the industry. Th...
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CBS Corporation's Showtime recently announced the launch date of its over-the-top streaming service called Showtime. The service is set to launch on July 12th, the same day the network's popular shows Masters of Sex and ...
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Apple announced its long-awaited streaming music app, Apple Music. The service will compete with streaming music giant Spotify, and Apple is rumored to be targeting 100 million users over the next few years. This is an e...
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Nobel laureate Sir Tim Hunt resigned Wednesday from his post as honorary professor with University College London's Faculty of Life Sciences after comments he made at the World Conference of Science Journalists that were...
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C. R. Bard (BCR) increased the quarterly dividend on Bard's common stock by 9 percent, to 24 cents per share. The dividend is payable on July 31, 2015 to shareholders of record at the close of business on July 20, 2015.
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Global Oil Demand Rising, IEA Says

Wall Street Journal - 11 Jun 2015 19:07
Low oil prices and economic growth have helped drive up consumer demand for energy across the world in 2015, the International Energy Agency said, a phenomenon seen from U.S. gasoline stations to Chinese auto dealerships...
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