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Market News

Location American Market News for 5 August 2015
Casual apparel retailers like Aeropostale , who earn a major portion of their revenues from basic-logo merchandise, have suffered terribly at the hands of fast-fashion companies. A lack of comparable innovation and diver...
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The consumer regulator has proposed that Fifth Third Bancorp change its auto-lending practices as a part of a potential settlement with the agency, people familiar with the matter said.
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U.S. stocks closed mostly higher Wednesday, with the S&P 500 and Nasdaq snapping three straight days of losses. However, the Dow Jones Industrial Average closed lower after shares from media and entertainment giant Walt ...
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J.P. Morgan to Move 2,150 Jobs From Manhattan to Jersey City

Wall Street Journal - 5 Aug 2015 22:53
J.P. Morgan Chase has cut a deal to move 2,150 jobs from Manhattan to Jersey City, taking advantage of a $19 million incentive package offered by the state of New Jersey.
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Fitbit Shares Sell Off Despite Strong Q2 Results The maker of wearable fitness tracker said its revenue more than tripled in the quarter, driven by strength abroad.
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Deutsche Bank Fires Two Senior Trading Executives

Wall Street Journal - 5 Aug 2015 21:54
Deutsche Bank has fired two senior trading executives for alleged lax supervision of a pair of more junior employees whose communications with clients allegedly violated the lender's policies, a person familiar with the ...
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Third Point Discloses 7% Stake in Baxter

Wall Street Journal - 5 Aug 2015 21:39
Daniel Loeb's Third Point disclosed it has taken a 7% stake in Baxter International saying it is interested in two board seats and helping the company choose a new chief executive.
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Disney's ESPN Reality Show Doesn't Convince

Wall Street Journal - 5 Aug 2015 21:28
Disney said it doesn't plan to leave the cable bundle. A closer look at ESPN's subscriber-decline sensitivity suggests it may need to rethink that.
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EPFO to invest in equities from Thursday

livemint.com - 5 Aug 2015 21:11
EPFO to invest in equities from Thursday The retirement fund manager will enter the stock market through exchange-traded funds (ETFs)
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Wednesday Sector Laggards: Energy, Services Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 1.1% loss. Within that group, Chesapeake Energy Corp. (NYSE: CHK) and Williams Cos Inc (...
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The company was successful in recovering its recent bottomline losses in the second quarter, and is currently the most profitable OTA in China. The management is confident that the strong top line growth rate and the hea...
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Transocean 2Q Preview: Weak Day Rates And Lower Pricing Power Likely To Weigh On Profits Unlike last quarter, this quarter's results are likely to be weak as the impact of lower drilling activity is expected to be more apparent. The company is expected to witness a notable decline in its revenue, both sequen...
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We expect the company's results in Q2 were driven by strong growth in bookings on the mobile platform. In comparison, its web-gaming business could likely saw continued challenges, as a result of the planned shut-down of...
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S&P 500 Analyst Moves: AVGO

Forbes - 5 Aug 2015 19:47
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Avago Technologies (AVGO) is now the #12 analyst pick, moving up by 1 spot.
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Why We Believe Netflix Stock Is Worth $103

Forbes - 5 Aug 2015 19:47
Our take on Netflix is that its overall subscriber base will continue to grow in the coming years but the rate of growth in domestic subscribers is likely to come down due to increased competition and potential market sa...
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Dow Analyst Moves: XOM

Forbes - 5 Aug 2015 19:46
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Exxon Mobil (XOM) is the #29 analyst pick. Within the broader S&P 500, when ...
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The carrier is executing well on its primary goal of stabilizing its subscriber base, as postpaid net losses and churn numbers improved significantly. However, the carrier isn't out of the woods just yet, in our view. It...
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Pulling Apple Out of Its Funk

Wall Street Journal - 5 Aug 2015 19:12
Apple's recent selloff sparks painful memories of the stock's last correction. But there are reasons this show doesn't have to repeat.
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Dollar Gains on Surge in U.S. Service Sector

Wall Street Journal - 5 Aug 2015 18:56
The dollar rose against the euro and the yen after a measure of the U.S. service sector surged in July, helping to reinforce recent signals from the Federal Reserve that borrowing costs could rise as early as September.
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US stocks rise amid tech earnings, stronger services growth Investors are watching economic reports to gauge when the Federal Reserve will increase interest rates, a decision it has forecast for this year
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The Securities and Exchange Commission adopted a "pay ratio" rule Wednesday that will force publicly traded companies to disclose a comparisons between what top executives earn and the salaries of workers.
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Federal Judge Deals Another Blow to SEC Administrative Court

Wall Street Journal - 5 Aug 2015 18:43
A federal judge on Wednesday dealt a fresh blow to the Securities and Exchange Commission's use of in-house judges, halting a case on the grounds the tribunal is "likely unconstitutional."
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