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Market News

Location American Market News for 12 August 2015
UPDATE: 12 p.m. EDT The Dow Jones Industrial Average hit a 2015 low in midday trading Wednesday, erasing gains for the year after the yuan extended losses against the U.S. dollar as concerns grow about global growth. Chi...
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ITG confirmed it plans to pay $20.3 million to settle allegations that it operated a secret trading desk and misused confidential trading information.
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Mint50: Franklin Templeton-Franklin India Bluechip

livemint.com - 12 Aug 2015 14:38
Mint50: Franklin Templeton-Franklin India Bluechip The fund avoids highly leveraged companies
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Oil holds losses after falling to 6-year low as volatility gains Brent crude for September settlement was trading lower at $48.83 a barrel
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News Corp. shares traded higher in after-hours trading after the company beat EPS estimates and announced a dividend.
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Five Chinese Stocks With Furious Buying By Billionaire Chase Coleman In the face of all of the fear and confusion surrounding China's sharp stock market decline in June, and the recent moves by its central bank to weaken the Chinese currency, one billionaire has been using the opportunity...
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Surge in Commercial Real-Estate Prices Stirs Bubble Worries

Wall Street Journal - 12 Aug 2015 23:45
Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating.
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AT&T and DirecTV Need a Better Screenplay

Wall Street Journal - 12 Aug 2015 23:27
DirecTV helps make AT&T more financially secure. But the strategic wisdom behind the deal remains unproven.
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Gold Prices Rise

Wall Street Journal - 12 Aug 2015 23:06
Gold prices rose to their highest level in about three weeks Wednesday, as investors fled to the safe-haven metal after China's devaluation roiled markets.
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Finance officials gathered at Yale University last week to discuss a new playbook for responding to financial crises. The attendees included former Federal Reserve Chairman Ben Bernanke and former Treasury Secretaries He...
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Judge Says SEC In-House Judges 'Likely Unconstitutional'

Wall Street Journal - 12 Aug 2015 22:24
The SEC suffered a fresh setback to its controversial use of in-house judges, when a Manhattan federal judge ruled Wednesday the tribunal was likely unconstitutional.
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Oil Prices Bounce, Gasoline Soars on Strong Signs for Demand

Wall Street Journal - 12 Aug 2015 22:21
Oil prices pared gains after a report showed U.S. stockpiles shrinking less than expected, but the market remained buoyant from international data showing a rapid increase in demand.
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Fed Funds Future Nearer Than You Think

Wall Street Journal - 12 Aug 2015 21:57
The mechanics of how the Fed will raise rates after years of easing means the chances of it acting next month are likely higher than many think.
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SHANGHAI -- Southwest of Shanghai in the vast indoor "commodities market" at Yiwu, the largest of its kind in the world, the number of foreign traders coming to place bulk orders for everything from plastic flowers to po...
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Can a weak rupee hit the recovery?

livemint.com - 12 Aug 2015 20:57
Can a weak rupee hit the recovery? No immediate danger seen, but China's action could take rupee down to 65-66 levels against dollar, say experts
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Wednesday Sector Leaders: Utilities, Energy

Forbes - 12 Aug 2015 20:35
Wednesday Sector Leaders: Utilities, Energy In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 1.6%. Within that group, AES Corp. (NYSE: AES) and NRG Energy Inc (NYSE: NRG) are two large stocks leading the way, showing a ...
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Nordstrom Tries to Dodge the Bargain Bin

Wall Street Journal - 12 Aug 2015 20:33
Nordstrom is riding high but disappointment at rival Macy's and a premium valuation make the stock vulnerable.
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Wednesday Sector Laggards: Financial, Consumer Products Looking at the sectors faring worst as of midday Wednesday, shares of Financial companies are underperforming other sectors, showing a 1.1% loss. Within that group, The Charles Schwab Corporation (NYSE: SCHW) and CBRE Gr...
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Adani Enterprises shareholders approve raising up to `6,000 crore Shareholders also approved proposal to raise funds through offer or invitation to subscribe to NCDs on private placement basis
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While the company continued to see strong growth in LED lighting and the Power and RF segments, its performance in Q4 2015 was impacted by the ongoing weakness in its LED Products business. Cree?s profitability in the LE...
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Set to return to its roots as a security software company, Symantec announced that it is selling its Information Management business, Veritas, to the private equity firm Carlyle. The $8 billion cash sale, which comes on ...
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Although Apple also does much of its manufacturing in China, the cost benefits from the devaluation are unlikely to be significant, since the company likely works with its contract manufacturers in dollar terms. Even if ...
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