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Market News

Location American Market News for 20 July 2015

IRS Probes Singapore Asset Manager

Wall Street Journal - 20 Jul 2015 04:57
Criminal investigators at the IRS are probing whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by U.S. taxpayers.
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Russian billionaire Yuri Milner plans to invest $100 million on a team of researchers at the University of California, Berkeley, to learn more about intelligent alien life. The venture capitalist's claim to fame in the U...
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KKR's First Data Files to Go Public

Wall Street Journal - 20 Jul 2015 23:21
KKR-owned First Data filed preliminary papers for an initial public offering, the first step toward a sale to the public after the private-equity firm took it off the market via leveraged buyout in 2007.
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Big Banks' Stress Level Is Rising

Wall Street Journal - 20 Jul 2015 23:04
The Fed gave big banks some ground on a capital surcharge, but took some back on stress tests.
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Latin American Currencies Hurt by Commodities, Fed Expectations

Wall Street Journal - 20 Jul 2015 22:41
The prospect of higher U.S. interest rates and the decline in global commodities prices are proving to be a lethal combination for Latin American currencies, sending them to multiyear lows against the dollar.
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Google's Prepaid Clicks

Wall Street Journal - 20 Jul 2015 22:30
Ruth Porat's arrival has ushered in an overdue rerating of Google's stock. But the hard part is just beginning.
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IBM's ongoing effort to revamp its financial outlook to become a cloud-focused company took another lurching step forward on Monday, as the company reported another embattled quarter.
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IBM reported mixed second-quarter 2015 results Monday.
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Yuan's Keepers Keep Tight Grip

Wall Street Journal - 20 Jul 2015 21:38
Ten years ago, the People's Bank of China unpegged the yuan from the U.S. dollar. Yet the currency remains tightly controlled, leading to one of the longest streaks of stable trading since that time.
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Another Chance for Chipotle

Wall Street Journal - 20 Jul 2015 20:28
Ahead of the Tape: Chipotle has disappointed investors three quarters in a row but a lower valuation and expectations should help this time.
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Morgan Stanley's Bank Shot

Wall Street Journal - 20 Jul 2015 20:08
Morgan Stanley's second-quarter results were impressive, but not because of trading gains.
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International Paper Named Top Dividend Stock With Insider Buying and 3.36% Yield (IP) In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and dir...
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Suspended firms cannot raise money from public: Sebi

livemint.com - 20 Jul 2015 19:56
Suspended firms cannot raise money from public: Sebi Till the suspension of the company is revoked by stock exchange on which its securities are delisted it cannot raise funds from public, says Sebi
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The virtualization and cloud computing provider has been one of the fastest growing companies in its domain, with 16% year over year growth in net revenues to $6 billion last year. The company reported a 14% increase in ...
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Harley-Davidson's Mid-Year Earnings Preview: Strong Dollar And U.S. Sales In Focus Harley-Davidson will report its Q2 and mid-year earnings on July 21, and our focus will be on the progress in retail sales for the manufacturer, especially in the U.S. Q1 was a disappointing quarter for Harley in terms o...
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European software giant SAP SE is set to report its fiscal 2015 second quarter earnings on July 21st. The company reported strong first quarter results, in which rapid cloud growth was buoyed by favorable foreign exchang...
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While Verizon?s consistent brand message and its focus on coverage and network quality have helped it build a reputation with customers, the company has not exactly been immune to the saturation in the U.S. wireless mark...
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Fed to Finalize Higher Capital Levels for Banks

Wall Street Journal - 20 Jul 2015 19:27
The Federal Reserve is set to finalize the amount of additional capital the nation's eight biggest banks must maintain, with J.P. Morgan facing the highest capital increase of the group.
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'Toxic' Loans Wallop French Towns

Wall Street Journal - 20 Jul 2015 18:57
The falling euro has made loans taken out by Châteauneuf-les-Martigues and other French towns enormously costly, spurring demands for government aid.
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Human Traders Beat Computer-Driven Hedge Funds

Wall Street Journal - 20 Jul 2015 18:54
In hedge fund land, man has pulled ahead of machine. Computer-driven funds that trade using complex programs, often devised by scientists and mathematicians, have been hurt by choppy markets.
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S&P 500 Analyst Moves: MCK

Forbes - 20 Jul 2015 18:34
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, McKesson Corp. (MCK) is now the #12 analyst pick, moving up by 2 spots.
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Dow Analyst Moves: Visa

Forbes - 20 Jul 2015 18:32
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Visa (V) is the #3 analyst pick. Visa also comes in above the median of anal...
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