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Market News

Location American Market News for 15 July 2015

Chamber of Commerce Criticizes SEC In-House Court

Wall Street Journal - 15 Jul 2015 06:23
The U.S. Chamber of Commerce plans to urge the Securities and Exchange Commission to overhaul its use of its administrative judges.
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China Stocks Fall Despite Rosy Growth Data

Wall Street Journal - 15 Jul 2015 04:26
Stocks in China opened lower ahead of its release of economic growth figures, while markets elsewhere in Asia rose amid optimism Greece's Parliament would approve a rescue deal to keep the country in the eurozone.
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Hedge Fund Managers Call China's Market a Bad Casino

Wall Street Journal - 15 Jul 2015 23:22
Hedge fund managers took a gloomy view on China despite new assurances from Beijing about the stability of the world's second-largest economy.
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Ebay Will Get Along Without Its Pal

Wall Street Journal - 15 Jul 2015 22:30
Ahead of the Tape: Before its split, eBay's unloved marketplace business may turn out to be a hidden treasure.
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BofA Gets on the Right Tack

Wall Street Journal - 15 Jul 2015 22:25
Bank of America chalked up significant cost cuts and revenue growth in the second quarter. But there is more to be done.
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Santander Taps Former J. P. Morgan Commodities Chief

Wall Street Journal - 15 Jul 2015 22:06
Former J.P. Morgan Chase executive Blythe Masters has been appointed nonexecutive chairwoman of Santander Consumer USA Holdings, the subprime auto lending unit of the Spanish banking company.
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Approaching Earnings Reports Could Boost The Dogs Of The Dow(s) This earnings report season could help improve the underperformance of the Dow Dogs.
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Trade tanks

livemint.com - 15 Jul 2015 21:13
Trade tanks Indian exports continued to decline. Unlike China, which reported a surprise recovery, India's exports fell by 15% in June
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After Three Years As Yahoo CEO, A Progress Report For Mayer Marissa Mayer is celebrating three years at the helm of Yahoo. So what does she have to show investors?
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Wednesday Sector Leaders: Financial, Services In afternoon trading on Wednesday, Financial stocks are the best performing sector, higher by 0.6%. Within that group, U.S. Bancorp (NYSE: USB) and Bank of America Corp. (NYSE: BAC) are two large stocks leading the way, ...
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U.S. stocks traded mildly higher Wednesday amid congressional testimony from Federal Reserve Chairwoman Janet Yellen on the health of the economy. Yellen, who appeared before the House Financial Services Committee in Was...
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China's Violent Stock Market Correction In Three Easy Charts The sheer size and importance of China's equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country's stock markets is $14 trillion and change. Or at ...
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Cummins (CMI) approved an increase in the Company's quarterly cash dividend on common stock of 25 percent to 97.5 cents per share from 78 cents per share. The dividend is payable on September 1, 2015, to shareholders of ...
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Texas Instruments has recently taken a plunge to quicken its chip development cycles and penetrate speedily in new markets such as automotive and industrial machines. As a part of this plan, TI is looking to partner with...
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Wells Fargo Churns Out Solid Q2 Performance Despite Higher Employee Expenses At first glance, Wells Fargo's results for the second quarter do not portray a great picture - especially since this is only the second time in five years that the banking giant has reported a year-on-year reduction in i...
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Under the deal, Vice will provide its curated content from existing digital channels, in addition to creating exclusive new content for Verizon's service. Verizon's interest in over-the-top services such as mobile video ...
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Wednesday's ETF with Unusual Volume: IAT

Forbes - 15 Jul 2015 19:36
The iShares U.S. Regional Banks ETF (IAT) is seeing unusually high volume in afternoon trading Wednesday, with over 1.2 million shares traded versus three month average volume of about 208,000. Shares of IAT were up abou...
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Wednesday's ETF Movers: BBH, XOP

Forbes - 15 Jul 2015 19:35
In trading on Wednesday, the Biotech ETF (BBH) is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Receptos (RCPT), up about 10.5% and shares of Cel...
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Since the PayPal separation is scheduled for completion on July 17, this will be the company's last earnings as a combined entity. As has been the trend over the past few quarters, we expect that the PayPal business drov...
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In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3%. Helping drag down the group were shares of Magnum Hunter Resources (MHR), off about 11.8% and shares...
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In trading on Wednesday, railroads shares were relative leaders, up on the day by about 0.5%. Leading the group were shares of CSX Corporation (CSX), up about 1.8% and shares of Canadian National Railway (CNI) up about 1...
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Celgene's Receptos Deal Reveals Gap in Investors' Thinking

Wall Street Journal - 15 Jul 2015 19:21
Celgene stock is soaring on the deal for Receptos, but investors are ignoring the costs.
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