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Market News

Location American Market News for 18 August 2015
The world of bitcoin is reeling from a seismic shock this week, as a new version of the crypto-currency launches a bid for dominance. The conflict, which users characterize as a "hard fork" in bitcoin's winding path, rai...
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Turkish Lira May Need More Central Bank Help

Wall Street Journal - 18 Aug 2015 17:27
The lira looks set to keep on sliding. Turkey still faces a political and monetary credibility gap.
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Singapore Dollar Whipped by China Headwinds

Wall Street Journal - 18 Aug 2015 17:13
Singapore's currency will face pressure both from a rising U.S. dollar and a more turbulent Chinese yuan.
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Lowe's Still in Home Depot's Shadow

Wall Street Journal - 18 Aug 2015 23:46
Lowe's has kept pace with Home Depot recently in terms of shareholder return but needs to close a yawning profitability gap.
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Media Stock Meltdown Draws Downgrades For Disney, CBS, Fox After the stock slide comes the aftermath as analysts take a whack at ratings and price targets for big media players.
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Yuan-Linked Trades Lose Their Anchor

Wall Street Journal - 18 Aug 2015 22:51
The sudden devaluation of the yuan is proving cataclysmic for investors who watched the currency climb for a decade and made bets that depended on it holding steady.
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Promontory Financial entered a settlement with New York's top banking regulator, agreeing to pay $15 million and acknowledging it didn't follow the regulator's requirements while the firm investigated potential sanctions...
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Sebi set to ease related-party transaction rules

livemint.com - 18 Aug 2015 20:59
Sebi set to ease related-party transaction rules To pass such deals, two-thirds of minority shareholders' votes are required; this will be reduced to 50%
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Investing in 2015: What's Hot, What's Not

Forbes - 18 Aug 2015 20:50
Investing in 2015: What's Hot, What's Not With more than half of the year behind usĀ it's time to reflect what investing themes have been hot because successful investing requires understanding the past and anticipating the future. With the S&P 500 up less than ...
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A prolonged period of dollar strength might sound good when it comes to U.S. consumer purchasing power, but it isn't exactly great news for American corporate bottom lines. The Chinese government's recent devaluation of ...
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Q2 2015 U.S. Banking Review: Price-To-Book Ratios Shares of U.S. banks have rallied for the most part this year, with optimism about economic conditions and the prospects of an interest rate hike driving prices, though the Greece debt turmoil offset that a bit at the en...
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Stock Picker Makes Big Bucks Bucking Trends

Wall Street Journal - 18 Aug 2015 19:45
Fund manager Mario Gabelli topped Wall Street CEO pay in 2014 staying true to Gamco's model of choosing investments amid the rise of passively managed funds.
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NetApp had an eventful quarter, with the company announcing changes to its executive leadership and board in June. Dismal performance in the core storage business and weakness in the company's U.S. commercial channel pro...
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China's Crisis: The Price of Change

Forbes - 18 Aug 2015 19:34
By Rodger Baker
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Tuesday's ETF with Unusual Volume: BBRC

Forbes - 18 Aug 2015 19:34
The EGShares FTSE Beyond BRICs ETF (BBRC) is seeing unusually high volume in afternoon trading Tuesday, with over 786,000 shares traded versus three month average volume of about 68,000. Shares of BBRC were off about 0.6...
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Tuesday's ETF Movers: ITB, GDXJ

Forbes - 18 Aug 2015 19:32
In trading on Tuesday, the iShares U.S. Home Construction ETF (ITB) is outperforming other ETFs, up about 1.9% on the day. Components of that ETF showing particular strength include shares of Hovnanian Enterprises (HOV),...
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Urban Outfitters recently reported solid growth in its revenues for the second quarter of fiscal 2016, backed by continued strength in Free People and consistent recovery of its namesake brand. However, the retailer's sh...
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 3.3%. Helping drag down the group were shares of Coeur Mining (CDE), off about 11.2% and shares of Banro Corporation (BAA) do...
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In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 14.2% and shares of Lennar (LEN) up ...
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Target Reaches Settlement With Visa Over 2013 Data Breach

Wall Street Journal - 18 Aug 2015 19:13
Target reached an agreement with Visa to reimburse card issuers up to $67 million for costs incurred by the retailer's massive 2013 data breach.
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BNY Mellon to Pay $14.8 Million to Settle FCPA Probe

Wall Street Journal - 18 Aug 2015 18:33
Bank of New York Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing internships to family members of foreign government officials with ties to a Middle Ea...
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PEBS to launch IPO on 25 August

livemint.com - 18 Aug 2015 17:55
PEBS to launch IPO on 25 August The issue, with a price band fixed at `170 to `178 apiece, closes on 27 August
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