Market News
Euro Falls as Greek Deal Appears Close
Wall Street Journal - 23 Jun 2015 16:22
The euro fell as Greece appeared to close in on a deal with its creditors, while European stocks extended the previous session's rise.
Asian Shares Rise on Hopes of Greek Deal, China Easing
Wall Street Journal - 23 Jun 2015 05:06
Most Asian shares gained early Tuesday on a tide of optimism that Greece and its creditors can broker a deal to avert bankruptcy, and as expectations ramp up for further stimulus from Beijing.
Colt Delays Showdown With Bondholders
Wall Street Journal - 23 Jun 2015 04:26
Gun-maker Colt Defense has pushed back until Wednesday a planned showdown with bondholders that are offering what they say is a superior financing package to get the company through bankruptcy.
Federal Judge Rules In Favor Of FTC Challenge To Sysco And US Foods Merger
Forbes - 23 Jun 2015 23:37
A federal judge has sided with the Federal Trade Commission in its bid to block Sysco's $3.5 billion acquisition of competitor US Foods, a mega merger in the foods distribution business.
Legal Action Heats Up in Swaps Suit
Wall Street Journal - 23 Jun 2015 23:34
Allegations that banks and two swaps industry groups colluded against would-be competitors in the credit-derivatives market are rippling through the investment world again.
U.S. Bancorp's Bond Coup Comes at a Cost
Wall Street Journal - 23 Jun 2015 23:32
U.S. Bancorp is racking up profits with a bond-market maneuver that is pinching some investors holding high-yielding investments.
Netflix Inc (NFLX) Stock Price Rallies 2% In After-Hours Trading On 7 For 1 Stock Split
IBTimes - 23 Jun 2015 23:25
Shares of Netflix Inc. (NASDAQ:NFLX) rallied more than 2 percent Tuesday in extended-hours trading after the video-streaming service announced it has approved a seven-for-one stock split. Netflix, which has a market valu...
As Chinese Try Stocks, Indians Go for Gold
Wall Street Journal - 23 Jun 2015 23:10
The rapid run-up in Chinese shares is dimming the allure of another popular investment: gold. Luckily for fans of the metal, demand is looking healthy in India, the other big retail market in Asia.
AT&T and DirecTV: Turn On, Tune In, Stand By
Wall Street Journal - 23 Jun 2015 23:02
Acquiring DirecTV will boost AT&T's cash flow and protect its dividend. But the deal's long-term strategic value has yet to be proven.
Pomp and Construction: Colleges Go on a Building Tear
Wall Street Journal - 23 Jun 2015 22:56
Cornell Tech's project on Roosevelt Island in New York City is symbolic of a broader national trend: the rapid expansion of college and university campuses.
Nasdaq Closes At New All-Time High On Economic Data, Optimism In Greek Talks
Forbes - 23 Jun 2015 22:56
U.S. equities closed Tuesday trading with only moderate gains -- not one stock index closed more than 0.2% higher than where it began for the day -- and yet, the mild increases were good enough to set some new records. B...
Netflix Is Splitting Its Stock 7 For 1
Forbes - 23 Jun 2015 22:54
Netflix's board of directors has approved a seven-for-one stock split, the company announced on Tuesday, at a time when its stock is trading at all-time highs.
Nasdaq Composite Closes At Record High For Second Day In A Row
IBTimes - 23 Jun 2015 22:29
U.S. stocks ended the trading session higher Tuesday, with the Nasdaq composite setting yet another record close for the second day in a row. The S&P 500 telecommunications sector was the largest gainer, adding nearly 2 ...
Early Sales Bump Puts Spring in Home Builders' Step
Wall Street Journal - 23 Jun 2015 21:38
Home builders got a bigger lift than many expected from this year's spring selling season, with new-home sales rebounding strongly from the industry's lackluster 2014.
Tuesday Sector Leaders: Energy, Financial
Forbes - 23 Jun 2015 20:38
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, higher by 0.6%. Within that group, EQT Corp. (NYSE: EQT) and Hess Corp (NYSE: HES) are two large stocks...
Tuesday Sector Laggards: Utilities, Technology & Communications
Forbes - 23 Jun 2015 20:38
Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 1.3% loss. Within that group, CenterPoint Energy, Inc (NYSE: CNP) and NiSource Inc. (NY...
Dollar, US bond yields rise as data supports Fed move
livemint.com - 23 Jun 2015 20:17
MSCI's all-country stock index rises just 0.04%, Futures of Brent crude up 76 cents, or 1.3%, at $64.10 a barrel
Will It Be A 'Grexit', EUxt Or Just Bust For Greece?
Forbes - 23 Jun 2015 20:16
With Eurozone and Greek finance ministers embroiled in a crisis summit and a ‘final’ showdown yesterday, will this on-going Greek drama ever get resolved? It is amazing that the situation has persisted for so long an...
Dollar Rises Against Euro
Wall Street Journal - 23 Jun 2015 20:13
The euro was on track to post its biggest daily decline against the dollar in a month, as a resolution to the latest installment of Greece's debt crisis appeared at hand.
Tuesday 6/23 Insider Buying Report: LE, OKS
Forbes - 23 Jun 2015 20:04
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Hotel Chelsea, Storied Haunt of Dylan and Burroughs, Becomes Wall Street Money Pit
Wall Street Journal - 23 Jun 2015 20:01
New York's Hotel Chelsea, the bohemian enclave that has hosted Bob Dylan, Arthur Miller and William S. Burroughs over the years, is becoming a money pit for Wall Street.
Accenture Pre-Earnings: What We Are Watching?
Forbes - 23 Jun 2015 19:48
In this earnings announcement, we will continue to observe the growth in order pipeline as it will help us in ascertaining the effects of economic headwinds, especially from Europe, which is under-performing the global e...