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Market News

Location American Market News for 26 June 2015
A prospective Valeant and Zoetis tie-up is likely to come as little surprise to those following the consolidating pharmaceutical and healthcare sector, as drug manufacturers and specialized players look to combine overla...
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Match IPO: All Spark and No Flame

Wall Street Journal - 26 Jun 2015 00:06
A Match Group IPO may excite investors. But recent performance at the dating division of IAC/InterActiveCorp offers them little reason to stick around.
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IRS Takes Aim at an Estate-Planning Strategy

Wall Street Journal - 26 Jun 2015 23:35
It is targeting the use of partnerships and companies to pass a family business or securities to children at a discounted value.
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Kors and Effect: What Wall Street Should've Known About Michael Kors In January 2013 we noticed a decline in the number of MK shopping bags making their way around the mall despite a growing store footprint. Wall Street was unaware.
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The hunt for the next Adrian Newey

CNN - 26 Jun 2015 20:49
The hunt for the next Adrian Newey The Circuit goes behind-the-scenes of Red Bull Racing's search for the next engineering star.
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Pimco Total Return Fund Set to Take Hit in Quarter

Wall Street Journal - 26 Jun 2015 20:39
Pacific Investment Management Co.'s flagship Total Return fund is headed for its biggest quarterly loss in two years, hurt by a broad selloff in high-grade debt markets in the U.S. and Europe.
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Friday Sector Leaders: Utilities, Services

Forbes - 26 Jun 2015 20:36
Friday Sector Leaders: Utilities, Services The best performing sector as of midday Friday is the Utilities sector, up 0.5%. Within that group, Entergy Corp. (NYSE: ETR) and Pinnacle West Capital Corp. (NYSE: PNW) are two of the day's stand-outs, showing a gain of...
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Friday Sector Laggards: Technology & Communications, Healthcare In afternoon trading on Friday, Technology & Communications stocks are the worst performing sector, showing a 1.5% loss. Within that group, Micron Technology Inc. (NASD: MU) and Qorvo Inc (NASD: QRVO) are two of the day'...
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Greece and the Eurozone; a tortuous affair
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Micron's Faltering Memory

Wall Street Journal - 26 Jun 2015 19:54
Micron Technology might look cheap after a brutal selloff, but the reboot is still in process.
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Nokia had initially extended an offer for Alcatel-Lucent?s wireless business, which the latter rejected. This turned out to be a blessing in disguise for Nokia, which eventually decided to buy the entire company, stating...
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Wheat Prices Rally on Crop Worries

Wall Street Journal - 26 Jun 2015 19:43
Wheat prices rose to the highest level in more than five months Friday as unrelenting rains stalled fieldwork and fueled worry over the health of row crops in the Farm Belt.
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3 Key Trends Weighing On Chesapeake Energy's Valuation In view of the changed commodity price environment, Chesapeake has announced that it will spend around $3.5 to $4 billion in gross capital expenditures this year, about 45% less than what it did last year. Lower capital ...
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Bottled Water Is A Potential Growth Category That Can't Be Ignored While major soft drink companies continue to battle declining carbonated soft drink sales, another segment continues to grow volume sales, and is now expected to overtake CSDs as the most consumed beverage worldwide this...
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Considering that AT&T has so far left no stone unturned in removing roadblocks to approval of the deal, it would be no surprise that it has agreed to abide by the FCC?s new net neutrality rules. However, no definite stat...
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On Thursday, June 25, the Supreme Court upheld the healthcare subsidies allowed by the Affordable Care Act, or Obamacare, a big victory for supporters of the legislation. While the impact that Obamacare would have on hea...
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Valeant Shouldn't Overfarm Deal Field

Wall Street Journal - 26 Jun 2015 19:10
The pharmaceutical company's investors should hope its approach of Zoetis doesn't result in an acquisition.
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China Stocks Plunge to Brink of Bear Market

Wall Street Journal - 26 Jun 2015 18:20
A Chinese stock market slump that began two weeks ago deepened, with the main index tumbling on concerns the government is seeking to cool a yearlong debt-fueled rally.
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Weekly Market Wrap: June 26, 2015

Forbes - 26 Jun 2015 18:17
The twenty-fifth full trading week of 2015 comes to a close with the Dow Jones and S&P 500 slightly higher and the NASDAQ composite lower on the day, in early afternoon trading on Friday.
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U.S., German Government Bonds Retreat on Greek Deal Hopes

Wall Street Journal - 26 Jun 2015 18:15
Government bonds in the U.S. and Germany sold off on Friday as optimism that Greece would reach a deal with international creditors to avoid a potential default sapped demand for haven assets.
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S&P 500 Analyst Moves: MYL

Forbes - 26 Jun 2015 18:06
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Mylan (MYL) is now the #99 analyst pick, moving up by 1 spot.
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In 2013, Rep. Mick Mulvaney (R-SC) toured the factory of Ajax Rolled Ring and Machine which manufactures steel rings used in construction equipment and power turbines. The factory, which is located in York, S.C., now e...
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