Market News
Here's Why No One Wants To Buy Aeropostale -- Neither Products Nor The Company
Forbes - 5 Aug 2015 14:44
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...
CFPB Proposes Fifth Third Bancorp Change Auto-Lending Practices
Wall Street Journal - 5 Aug 2015 23:55
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.
Dow Jones Industrial Average Closes Lower After Walt Disney Co (DIS) Tumbles 9%
IBTimes - 5 Aug 2015 23:34
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 ...
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.
Fitbit Shares Sell Off Despite Strong Q2 Results
Forbes - 5 Aug 2015 22:44
The maker of wearable fitness tracker said its revenue more than tripled in the quarter, driven by strength abroad.
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 ...
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.
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.
EPFO to invest in equities from Thursday
livemint.com - 5 Aug 2015 21:11
The retirement fund manager will enter the stock market through exchange-traded funds (ETFs)
Wednesday Sector Laggards: Energy, Services
Forbes - 5 Aug 2015 20:33
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 (...
Ctrip Achieves One Of Its Highest Organic Growth Rates In In Q2 2015, Promises An Even Better Future
Forbes - 5 Aug 2015 19:53
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...
Transocean 2Q Preview: Weak Day Rates And Lower Pricing Power Likely To Weigh On Profits
Forbes - 5 Aug 2015 19:51
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...
Zynga Earnings Preview: Trends We Are Watching
Forbes - 5 Aug 2015 19:49
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...
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.
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...
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 ...
Sprint's Turnaround Gains Momentum, But It Isn't Out Of The Woods Yet
Forbes - 5 Aug 2015 19:45
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...
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.
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.
US stocks rise amid tech earnings, stronger services growth
livemint.com - 5 Aug 2015 18:53
Investors are watching economic reports to gauge when the Federal Reserve will increase interest rates, a decision it has forecast for this year
As SEC Adopts CEO Pay Ratio Rule, What Will It Mean For Investors And Workers?
IBTimes - 5 Aug 2015 18:49
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.
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."