Market News
U.S. Charges 9 in Big Insider Trading Scheme
Wall Street Journal - 11 Aug 2015 16:31
U.S. authorities have indicted nine individuals in sweeping charges against a group of traders and computer hackers who allegedly schemed to get early access to press releases about mergers and acquisitions and trade on ...
Global Stocks Fall After Yuan Move
Wall Street Journal - 11 Aug 2015 16:16
China's devaluation of its currency has sent global stocks tumbling lower, hitting the shares of companies that export to China or compete with Chinese rivals especially hard.
Europe Stocks Face Global Growth Challenge
Wall Street Journal - 11 Aug 2015 15:57
For once, the problems for European stock investors aren't coming from Europe.
U.S. to Charge That Hackers Tapped Early Deal News
Wall Street Journal - 11 Aug 2015 07:11
U.S. authorities are preparing to unseal sweeping charges as early as Tuesday against a group of traders and computer hackers who allegedly schemed to get early access to press releases about mergers and acquisitions and...
Yuan Devaluation Jolts Markets
Wall Street Journal - 11 Aug 2015 23:25
China's devaluation of its currency jolted global markets Tuesday, sending stocks and commodities sharply lower and boosting government bonds, amid worry about slowing growth from one of the world's biggest economies.
Headwinds for Alibaba ahead of earnings: Analysts
CNBC - 11 Aug 2015 23:23
Alibaba is facing some headwinds as it prepares to report earnings ahead of the bell Wednesday, two analysts told CNBC.
Developer Stephen Ross Invests in Drone Racing
Wall Street Journal - 11 Aug 2015 23:13
Developer Stephen Ross is renowned in real estate for high-profile projects around the country and in sports for his ownership of the Miami Dolphins. Now he is looking to make a name for himself in drone racing.
GE to Sell Health-Care Lending Operations to Capital One
Wall Street Journal - 11 Aug 2015 23:08
GE said it has reached an agreement to sell $8.5 billion of health-care related loans and its health-care financial services lending business to Capital One for about $9 billion.
Four Questions (And Answers) About Alphabet, Google's New Parent Company
Forbes - 11 Aug 2015 22:50
The company formerly known as Google is restructuring and changing the way it reports financials.
Capital One Expands In Healthcare Lending With $9B Deal As GE Continues Asset Sale Push
Forbes - 11 Aug 2015 22:35
Known mostly as a retail bank and credit card lender, Capital One Financial is pushing into the marketplace for healthcare finance by buying a portfolio of loans to healthcare firms ranging from hospitals to pharmaceutic...
Strong Dollar, Weak Energy Sector Are Masking Decent Results At Big Companies
Forbes - 11 Aug 2015 22:16
If it wasn?t for the Energy sector and the strong dollar companies would be reporting much better results.
Tuesday Sector Leaders: Utilities, Financial
Forbes - 11 Aug 2015 21:31
Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, up 0.4%. Within that group, WEC Energy Group Inc (NYSE: WEC) and Entergy Corp. (NYSE: ETR) are two o...
Tuesday Sector Laggards: Materials, Technology & Communications
Forbes - 11 Aug 2015 21:27
Looking at the sectors faring worst as of midday Tuesday, shares of Materials companies are underperforming other sectors, showing a 2.3% loss. Within the sector, Freeport-McMoran Copper & Gold (NYSE: FCX) and Alcoa, Inc...
Credit Suisse Nears Record Settlement Tied to 'Dark Pool'
Wall Street Journal - 11 Aug 2015 20:48
Credit Suisse is in talks with regulators to settle allegations of wrongdoing at its "dark pool" with a record fine in the high tens of millions of dollars.
Puerto Rico Agency Plans $750 Million Bond Sale
Wall Street Journal - 11 Aug 2015 20:43
The Puerto Rico Aqueduct and Sewer Authority said it would attempt to sell $750 million in bonds.
China devalues yuan, rattles global markets
livemint.com - 11 Aug 2015 20:33
Cheaper Chinese imports may hurt Indian firms; relative strength of rupee could crimp exports
Banks Rediscover Their Homing Instinct
Wall Street Journal - 11 Aug 2015 20:16
The long-term trend of banks unloading mortgages has reversed, which should bolster earnings but could hurt Fannie Mae and Freddie Mac.
Cisco Comes Down to Earth
Wall Street Journal - 11 Aug 2015 19:57
Cisco's new boss inherits a company with modest growth but an even more modest valuation to match it.
Here Are The Key Positives And Negatives From Groupon's Q2 Earnings Report
Forbes - 11 Aug 2015 19:55
The stock has tumbled by around 50% this year, based on the uncertainty surrounding the company?s future. Nonetheless, we continue to remain bullish on Groupon?s long-term growth prospects. Considering the growing opport...
NFL Coverage And Political Spending Will Aid CBS' Growth In The Near Term
Forbes - 11 Aug 2015 19:54
CBS Corporation?s recent quarterly results were in line with expectations and warrant no material change in valuation. Solid growth at cable networks was anticipated, reflecting the benefits of the Mayweather fight. Howe...
What Lies Ahead For Prudential After Upbeat Q2 Performance?
Forbes - 11 Aug 2015 19:53
Prudential Financial recently reported earnings for the second quarter of 2015 ahead of market estimates. Buoyed by an increase in premium volumes, new business growth in Asian markets as well as new deals in the retirem...
New Alphabet For Google
Forbes - 11 Aug 2015 19:51
This move will enable the company to separate its businesses into separate entities within the holding company, as follows. First are the emerging ventures - or ?moonshots? as they are known - ones that might provide hig...