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Market News

Location American Market News for 8 July 2015
Panic Selling of Chinese Shares May Not Be Over Yet Government measures to stop the rot could exacerbate the share price decline
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Global Tumult Gives Fed Some Pause on Rates

Wall Street Journal - 8 Jul 2015 23:25
Worries about global turbulence and soft spots in the domestic economy weighed on Federal Reserve officials when they gathered at their June policy meeting, trepidations that could cause them to wait longer before raisin...
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Wednesday's market excitement isn't ending with the three-and-a-half hour trading halt on the New York Stock Exchange. Alcoa reported its second quarter earnings results after Wednesday's (much-anticipated) closing bell,...
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Venture capital, PE funding in healthcare IT rise 53% in second quarter Funding at $1.2 billion, is however, 30% lower than a year-ago, says research firm Mercom Capital Group
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Trading resumed at the New York Stock Exchange just after 3 p.m. EDT after unexpectedly stalling for nearly four hours Wednesday, due to a technical issue. After trading restarted, the Dow (INDEXDJX:.DJI) was down 250.64...
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Metropolitan Stock Exchange raises Rs75 crore through rights issue The rights issue opened for subscription on 9 June, with the exchange aiming to raise up to Rs118.34 crore
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China market freezing up as sell-off gathers pace

livemint.com - 8 Jul 2015 21:45
China market freezing up as sell-off gathers pace Beijing unveils more measures; PBOC says it would step up support to brokerages enlisted to prop up shares
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Fed minutes show interest rate hike caution

livemint.com - 8 Jul 2015 21:41
Fed minutes show interest rate hike caution Many participants, in order to decide on raising rates, said they would need additional information indicating that growth was strengthening
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Even before Greeks voted to reject bailout proposals from the country's creditors and China's stock market began to tumble this week, the U.S. Federal Reserve was questioning its stance on an interest rate increase plann...
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NYSE resumes trading on two markets after hours-long halt NYSE's halt will go down as the biggest interruption to US stock trading in two years
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Don't see any impact on copper demand in India: P. Ramnath Ramnath, CEO of copper operations of Vedanta, talks about the impact of the China crisis on India
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Microsoft's Busy Signal

Wall Street Journal - 8 Jul 2015 20:40
The software giant still needs a phone connection, even as it writes off most of its huge Nokia bill.
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Wednesday Sector Laggards: Energy, Materials Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 2.5% loss. Within that group, Southwestern Energy Company (NYSE: SWN) and Phillips 66 (N...
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Govt ready to alter cap on foreigners' debt holdings The move would effectively allow increased purchases from overseas
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Delta Air Lines, which released its traffic results for June last week, has reported a 4.5% drop in its consolidated passenger unit revenue (revenue per passenger flown per mile) for the June quarter, higher than the com...
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Pssst, L Brands Isn't Such a Secret

Wall Street Journal - 8 Jul 2015 19:44
Ahead of the Tape: Shares of the owner of Victoria's Secret trade at about 22 times forward earnings, well above a 10-year average of roughly 15 times.
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Trends Driving Our $20 Price Estimate For U.S. Steel The U.S. steel industry is facing challenging times. A rising tide of cheap steel imports into the U.S. is steadily eating away at the market shares of domestic steel producers as well as driving down average realized pr...
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Viacom's consumer products segment has seen steady growth in the past few years led by retail expansion and continued demand for its merchandise. The company has been trying to leverage its popular brand, Nickelodeon. It...
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Apple's iDevice users represent the most sought-after target audience for mobile advertisers, since they are typically more affluent and engaged with their devices. A recent report from Goldman Sachs estimates that 75% o...
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Here's Why Facebook's Expenses Are Soaring

Forbes - 8 Jul 2015 19:38
Facebook, the leading social network in the world, is expected to see a sharp rise in expenses in the near future. During the entire year, the company?s expenses are forecast to rise by 55% to 65% in GAAP terms, and by 5...
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Tesla's Chinese Check-Up

Wall Street Journal - 8 Jul 2015 19:30
China's woes present a headwind to Tesla's sales ambitions. The auto maker's stock tumbled 4% on Wednesday.
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Why the NYSE Outage May Not Matter to Investors

Wall Street Journal - 8 Jul 2015 19:29
Stock-market outages have become an occasional feature of modern trading, but they generally don't have a big impact on investors.
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