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Market News

Location American Market News for 30 July 2015
Is Another Dollar Surge Ahead? Watch This Important Chart Pattern The U.S. dollar may be forming a chart pattern that indicates another strong rally ahead.
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Lehman Increases Money Recovery Estimate to $92.2 Billion

Wall Street Journal - 30 Jul 2015 23:52
Lehman Brothers Holdings Inc., which collapsed nearly seven years ago, increased its estimate of how much money it will recover to $92.2 billion, thanks to gains in real estate, derivatives and private-equity investments...
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The United States will deliver eight F-16 fighter jets to Egypt in an effort to help the country fight extremism and to bolster security in the region, according to a statement on Thursday from the U.S. Embassy in Cairo....
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Electronic Arts Helped By Digital Sales As Investors Await Star Wars Release Electronic Arts beat earnings estimates in its fiscal first quarter, helped by robust growth in digital sales and live streaming.
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PETA became a shareholder of Hermes International (EPA:RMS) this week in a move to put pressure on the luxury fashion house to end its sale of alligator and crocodile skins, which are made into watch straps and bags.
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Obama Asks Supreme Court to Review Insider-Trading Ruling

Wall Street Journal - 30 Jul 2015 22:24
The Obama administration asked the Supreme Court to review last year's insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.
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A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its...
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High margins offset weak demand in Castrol's June quarter Apart from raw material costs benefit, a decline in advertising and sales promotion expenses too helped margins in the June quarter
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Indian firms more wary of NPAs in banking system: Devika Mehndiratta The Singapore-based economist at ANZ Banking Group says firms are also uncertain whether increased govt spending on infra will indeed kick-start investments
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In China Stocks, Late Jolts Are New Normal

Wall Street Journal - 30 Jul 2015 21:38
Anyone trading Chinese shares shouldn't take a long lunch. That is the lesson from the Shanghai market's behavior in recent days, as margin calls and moves linked to government buying shake up trading.
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Can local money offset spectre of FII outflows?

livemint.com - 30 Jul 2015 21:34
Can local money offset spectre of FII outflows? Any reduction in domestic inflows into equities may queer the pitch once the US Fed raises interest rates
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Dr Reddy's US generics business drives profit growth

livemint.com - 30 Jul 2015 21:14
Dr Reddy's US generics business drives profit growth Better profitability resulted in the company's net profit growing by 13.6% over a year ago, against the 5% that some analysts were expecting
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Bakken Driller's Reset Points to More Pressure on Oil

Wall Street Journal - 30 Jul 2015 21:04
Whiting Petroleum's capitulation suggests oil price rallies will be capped in 2016.
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Molybdenum: Minor Metal Is Major Headache for Investors

Wall Street Journal - 30 Jul 2015 20:59
The steelmaking ingredient is the worst-performing metal this year, as demand has fallen but not supply.
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Four Ways you may be putting your Financial Security at Risk
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L&T results: key issues for the firm and the economy

livemint.com - 30 Jul 2015 20:43
L&T results: key issues for the firm and the economy The firm's Q1 results are crucial--they will set the tone for expectations on capex cycle, revival of investment demand over the next 12-18 months
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Exxon Mobil, Chevron Put Squeeze on Buybacks

Wall Street Journal - 30 Jul 2015 20:41
Ahead of the Tape: Dividends are a lifeline as Exxon Mobil and Chevron slash buybacks amid oil's slump.
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Thursday Sector Laggards: Energy, Industrial In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 1.5% loss. Within that group, Range Resources Corp (NYSE: RRC) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stock...
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Thursday Sector Leaders: Utilities, Services Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, up 0.7%. Within that group, Southern Company (NYSE: SO) and Exelon Corp. (NYSE: EXC) are two large ...
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McKesson Corporation (MCK) declared a regular dividend of twenty-eight cents per share on Common Stock, a four cent increase from the prior quarter. The dividend will be payable on October 1, 2015, to stockholders of rec...
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Cliffs' Earnings Review: Lower Iron Ore Prices Negatively Impact Q2 Results As expected, the company's results were negatively impacted by lower realized iron ore prices. However, Cliffs' cost rationalization efforts helped offset some of the negative effects of a weak commodities pricing enviro...
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Weak Market Conditions & Competition From Steel Imports Negatively Impact U.S. Steel's Q2 Results The company's results suffered from an increase in steel imports and subdued demand conditions, which negatively impacted realized prices and shipments of the company's Flat-rolled steel division, which accounts for arou...
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