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Market News

Location American Market News for 15 June 2015

Asia Stocks Fall on Greek News, Fed Meeting

Wall Street Journal - 15 Jun 2015 07:44
Stocks across Asia fell Monday as pressures from elsewhere in the world, including a breakdown of Greek bailout talks and the coming U.S. Federal Reserve meeting, weighed on markets from Australia to Japan.
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Snoop Dogg's Cannabis-Focused Venture Capital Fund Is Called Casa Verde Capital A filing with the Securities and Exchange Commission on Friday lists Snoop Dogg as the managing member of a Los Angeles-based VC fund called Casa Verde Capital, L.P
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This Wall Street Trader Walked Away From Millions To Build Apps From algorithmic trading to Silicon Valley: a Forbes entrepreneurial Q&A.
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Should You Get Off The Health Care & Biotech Express? Friday's selling in Sector Select Health Care (XLV) and iShares Nasdaq Biotechnology (IBB) pushed them down over 1% for the day. Despite Friday's weakness the XLV is one of the top performing sector ETFs in 2015 as I not...
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Europe Markets Go Back to the Future on Greece

Wall Street Journal - 15 Jun 2015 16:02
Even investors who believe Greece will strike a deal with Europe can't ignore rising risk aversion.
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EU-Greece Talks on Bailout Collapse

Wall Street Journal - 15 Jun 2015 06:16
Talks between Greece and its European creditors collapsed over the weekend, setting up a showdown in which the country's prime minister is gambling he can wrest a softer bailout deal from eurozone leaders.
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Terrorism Victims Seek Part of BNP Penalty

Wall Street Journal - 15 Jun 2015 02:23
A record $9 billion penalty levied against BNP Paribas SA for violating U.S. economic sanctions is morphing into a fight over whether terrorism victims should get any of the money.
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Under Armour Adds New Class Of Stock To Keep Billionaire Kevin Plank In Control With de facto stock split, Under Armour ensures founder Kevin Plank will keep his grip on the apparel company.
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In Turnaround Mode, Gap Plans 175 Store Closures And 250 Layoffs In Headquarters Following consecutive months of disappointing sales results -- April same-store sales plunged 15% while sales in May dropped 6%, a decline twice as large as what the company reported for May 2014 -- The Gap Inc. is in tu...
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Low productivity hampering growth

livemint.com - 15 Jun 2015 21:22
Low productivity hampering growth There has been a sharp rise in the incremental capital output ratio, or ICOR, a yardstick that measures the investment needed for growth in economic output
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Which 11 Gurus All Hold AIG?

Forbes - 15 Jun 2015 21:09
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 American International Grou...
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The yawning India- China trade gap

livemint.com - 15 Jun 2015 21:08
The yawning India- China trade gap In the last decade, there has been a continuous and massive trade gap between India and China, except during bouts of sharp rupee depreciation, when the trade gap shrank
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Anthem Makes Bid for Rival Cigna as Insurers Talk Deals

Wall Street Journal - 15 Jun 2015 20:26
Anthem has made a takeover approach to Cigna, according to people familiar with the matter, as a consolidation wave in the health-insurance industry intensifies.
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Saudi Arabia and China Drift Apart on Oil

Wall Street Journal - 15 Jun 2015 20:14
Saudi Arabia's high oil production reflects a fundamental shift in Chinese oil demand.
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We expect to see an improvement in the company's top and bottom lines driven by the declining fuel prices and change in pricing mechanism for e-commerce packages. Non-cash charges will likely impact the company's reporte...
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Where Is The U.S. Oil Rig Count Headed?

Forbes - 15 Jun 2015 20:11
The oil rig count is down by over 60% from its peak of 1,609 last October and is down by over 55% year-to-date. The rig count has been a closely watched metric in the crude oil markets over the last few quarters, as inve...
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Notably, the move follows the asset management giant's decision to partner with Petroleos Mexicanos (Pemex) on the development and financing of energy-related infrastructure projects in the Latin American nation earlier ...
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Crescent Point Energy (CPG) confirms that the dividend to be paid on July 15, 2015, in respect of June 2015 production, for shareholders of record on June 30, 2015, will be CDN$0.23 per share.
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Oracle guides total revenue growth in the fourth quarter to range from 1% to 6%. The on-premise software and cloud business, including support revenues, is expected to grow by 2% to 6%. This includes revenues from Softwa...
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How Will An Oil Price Recovery Impact JetBlue's Stock Price? Over the last year, the stocks of all major US airlines have reached new highs due to the sharp decline in global crude oil prices. Since jet fuel costs constitute nearly one-third of an airline's total operating expense...
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Adobe's core cloud business continued to deliver results as cloud adoption remained robust across both its Creative Cloud offering and its marketing solutions. For Q2, we believe the growth trend in cloud adoption contin...
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The Fact Is FactSet Is Too Pricey

Wall Street Journal - 15 Jun 2015 20:00
Ahead of the Tape: FactSet has priced itself to huge success in financial data but its own stock price looks rich.
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