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Market News

Location American Market News for 6 August 2015

This Precious Metal Needs Silver Bullet

Wall Street Journal - 6 Aug 2015 02:26
Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds.
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Activist Takes $5.5 Billion Stake in Snacks Giant Mondelez

Wall Street Journal - 6 Aug 2015 06:06
Activist investor William Ackman has built a $5.5 billion stake in Mondelez and will argue the maker of Oreo cookies and Ritz crackers needs to cut costs and grow revenue, or sell to a rival like Kraft Heinz.
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As China adjusts to what President Xi Jinping calls a "new normal" of more modest economic growth, U.S. tech giant Apple may be undergoing a similar transition, at least for now. The company has endured an unpleasant few...
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John Powers Joins Credit Suisse

Wall Street Journal - 6 Aug 2015 23:47
Former Stanford University endowment chief John Powers has signed on to help Credit Suisse get back in the business of buying minority stakes in hedge-fund firms.
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Apollo Global Management said it would buy a controlling stake in a company that will hold most of the assets of the troubled property empire of Nicholas Schorsch, in a wager that the private-equity firm can use the real...
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Viacom Panic Doesn't Add Up

Wall Street Journal - 6 Aug 2015 22:51
Viacom's low ratings and advertising-revenue slump are reasons for concern. But investors may be overreacting.
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Oil Prices Near Six-Year Lows on Oversupply Fears

Wall Street Journal - 6 Aug 2015 22:34
Oil prices dropped toward six-year lows on concerns that the global crude glut will worsen when the U.S.'s summer-driving season ends.
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Strong medicine: The India-EU standoff

livemint.com - 6 Aug 2015 21:50
Strong medicine: The India-EU standoff Europe constitutes a small portion of revenues for most Indian pharma firms, shares of healthcare companies have not been hurt by the EU ban
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Probe Into Pilot Program Darkens Brokerage's Outlook

Wall Street Journal - 6 Aug 2015 21:49
For brokerage firm International Technology Group, a trading pilot program around its dark pool that executives believed would boost the firm's revenue has turned into an albatross that has created financial and regulato...
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Lost decade in emerging markets: investors already halfway there 14 years ago, Wall Street fell in love with BRICs. Today, after heady turns and abrupt reversals, most of the BRICs look like big-time losers
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How Quant Traders Use Sentiment To Get An Edge On The Market It is impossible for humans to keep up with the massive data overload. Here's how some traders get around it.
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Mylan's Perrigo Backup Plan

Wall Street Journal - 6 Aug 2015 21:03
Mylan investors are focused on a possible deal for Perrigo, but guidance for the existing business is encouraging.
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Thursday Sector Laggards: Healthcare, Services In afternoon trading on Thursday, Healthcare stocks are the worst performing sector, showing a 1.7% loss. Within the sector, Biogen Inc (NASD: BIIB) and Endo International plc (NASD: ENDP) are two of the day's laggards, ...
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Springleaf Shares Fall on Potential Delay in OneMain Deal

Wall Street Journal - 6 Aug 2015 20:23
Shares of Springleaf Holdings Inc. fell about 7% Thursday afternoon, after the subprime lender said that an antitrust investigation could delay its planned purchase of rival OneMain Financial.
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Andrew Hall's Astenbeck Lost 16.6% in July

Wall Street Journal - 6 Aug 2015 20:06
Astenbeck Capital Management, run by oil trader Andrew Hall, lost 16.6% in July, the latest hedge fund to take a hit from the recent rout in crude oil and other commodities.
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Leaving aside currency headwinds, the company delivered a strong quarter with a host of strategic alliances and technological developments bolstering its growth. Priceline?s restaurant reservation website, OpenTable, del...
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Faltering Market Leaders A Test For Bulls' Conviction The long-running bull market has withstood every test to date, but with some of its leaders taking blows concerns are mounting.
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We believe that, in the short to medium term, Time Warner's stock will primarily be driven by two factors - HBO and Warner Bros.- movies and TV licensing. However, unfavorable currency effects will likely be a drag on ea...
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Q2 2015 U.S. Investment Bank Round-Up: Advisory Services The global M&A industry reported its best quarter since the economic downturn in terms of completed deal size for the second quarter of the year ? making it an extremely profitable period for investment banks around the ...
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While the operational results and updated guidance were solid, the most important takeaway from the earnings release was the firm?s manufacturing and technology improvements. Best line panel manufacturing costs have fall...
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The pay-TV subscriber base continued to shrink, but growth in ARPU translated into higher pay-TV revenues for the satellite company. Arguably the most important piece of information came during the earnings call when CEO...
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Jobs Data Could Hold Rates' Fate

Wall Street Journal - 6 Aug 2015 19:39
The Federal Reserve only needs a little more improvement in the jobs market to raise rates in September. It might see that on Friday.
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