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Market News

Location American Market News for 6 July 2015

U.S. Stocks Fall on Greece Debt Crisis

Wall Street Journal - 6 Jul 2015 16:30
U.S. stocks opened lower on Monday after Greeks resoundingly rejected creditors' conditions for further financial aid, pushing their country closer to bankruptcy and a potential exit from the eurozone.
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Oil Prices Tumble Nearly 8%

Wall Street Journal - 6 Jul 2015 23:39
Oil prices skidded to their biggest single-day declines in more than three months, as gyrations in Chinese stocks and the prospect of more crude from the U.S. and Iran revived worries about the global supply glut.
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Trade Winds Blow Calmer for Now

Wall Street Journal - 6 Jul 2015 23:30
Ahead of the Tape: With Europe trying to contain the Greek crisis and China attempting to limit fallout from collapsing stock prices, the U.S. may be in for a bit of trade trouble.
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Big U.S. Banks Refile 'Living Wills' After Regulatory Rebuke

Wall Street Journal - 6 Jul 2015 22:16
Twelve of the largest U.S. banks refiled with regulators their plans for navigating bankruptcy, their latest attempt to show they wouldn't need a taxpayer bailout in a financial crisis.
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The European Central Bank (ECB) on Monday moved to increase the hurdle Greek banks must clear to access emergency lending. Known as Emergency Liquidity Assistance (ELA), the $98 billion credit line is largely responsible...
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NSEL to oppose merger with FTIL at hearing this week NSEL joint MD Prakash Chaturvedi says the exchange is of the view that the proposed merger is illegal and not good for competition between exchanges
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Sebi has power to regulate Global Depository Receipts: Supreme Court The case has been sent back to Securities Appellate Tribunal, which had ruled that regulation of GDRs is outside the purview of Sebi
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Notable Monday Option Activity: AAPL, CAT, GS Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Apple Inc (NASD: AAPL), where a total of 378,983 contracts have traded so far, representing approximately 37.9 milli...
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Monday Sector Leaders: Utilities, Healthcare In afternoon trading on Monday, Utilities stocks are the best performing sector, losing just 0.3%. Within that group, Public Service Enterprise Group Inc. (NYSE: PEG) and Entergy Corp. (NYSE: ETR) are two large stocks le...
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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.
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Goldman Restructures Activism-Defense Practice

Wall Street Journal - 6 Jul 2015 20:06
Goldman Sachs Group Inc. restructured its activism-defense practice over the weekend, forming a new group of bankers that will more broadly prepare companies for shareholder reactions to activist campaigns and deal-makin...
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Philip Morris: Future Prospects and Pressure From Headwinds Since 2009, Philip Morris International has managed to deliver modest increases in revenues (see Figure 1) predominantly driven by market share gains and pricing. Although we expect the company to continue maintaining it...
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Ericsson Cuts 2,200 Jobs To Save Over $1 Billion by 2017, Improve Networks Margins Global networking giant Ericsson announced earlier this year that it is planning to cut 2,200 jobs, as a part of its cost and efficiency program. In a recent update, the company said that this program was progressing, as...
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The 2014-15 season was bittersweet for Comcast's broadcasting network, NBC. The network managed to best rival CBS and retain its number one ranking in the 18-49 adult demo. However, the lack of any freshman hits was disa...
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Retail Investors Bought Twitter And Apple, Sold Facebook In June TD Ameritrade Holding’s monthly look at its clients’ trading activity shows that retail investors increased their volatility for the second month in a row in June as the firm's Investor Movement Index moved up to 5....
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Microsoft announced on 29th June that it was handing over reins of its display ads business to AOL. Transfer of the display ads business to AOL signifies the struggle Microsoft has had with online display ads business. W...
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Apple has strengthened its position as the world's most valuable company, with its stock price rising by close to 40% over the last 12 months. Its $730 billion market cap now stands at about twice as much as the next big...
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Judge Tosses Ex-Goldman Programmer's Second Conviction

Wall Street Journal - 6 Jul 2015 19:26
A New York state judge dismissed the second conviction of Sergey Aleynikov, the former Goldman Sachs programmer charged with stealing the bank's high-frequency trading computer code.
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Fed Helped Swell Mortgage-Refinancing Waves

Wall Street Journal - 6 Jul 2015 19:21
The Federal Reserve's bond purchases made mortgage refinancings abnormally profitable for banks. But all good things come to an end.
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J.P. Morgan Chase General Counsel to Change Roles

Wall Street Journal - 6 Jul 2015 19:20
J.P. Morgan Chase & Co. said Stacey Friedman would become the bank's general counsel, succeeding Stephen Cutler, who will step down to become the bank's vice chairman.
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Why You Can't Afford To Shun Foreign Stocks Too often, U.S. stock investors stay with American shares. But with the rise of international bourses, that makes less and less sense.
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U.S. Remains The Home Of The Brave Entrepreneur Where else but in America can a startup such as Uber be valued at $50 billion, higher than 80 percent of the companies in the S&P 500 Index, only six years after its founding? Where else but in America can someone reach ...
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