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Market News

Location American Market News for 21 August 2015
How Coke Is Restructuring Its Way To Higher Profitability The Coca-Cola Company is looking to restructure, consolidate some of its operations, and spin-off some others ? all in a bid to drive operational efficiencies, reduce supply-chain costs, and improve profitability. These ...
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Another Reason Not to Get Married

Wall Street Journal - 21 Aug 2015 20:25
Couples who choose not to marry just got another big tax break following a recent major decision by an appeals court in California.
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China Manufacturing Activity Is Weakest Since 2009

Wall Street Journal - 21 Aug 2015 16:54
The preliminary Caixin China Manufacturing Purchasing Managers' Index for August, a gauge of nationwide manufacturing activity, fell to a 77-month low of 47.1.
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Mexico's Stocks, Peso Fall

Wall Street Journal - 21 Aug 2015 23:04
Mexico's stocks fell sharply and the peso slid to a record low against the U.S. dollar Friday.
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Fannie and Freddie Shares Still Look Unappealing

Wall Street Journal - 21 Aug 2015 22:31
Fairholme's latest efforts in the appeals court don't look likely to shift the case for Fannie and Freddie.
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Friday Sector Laggards: Services, Consumer Products Looking at the sectors faring worst as of midday Friday, shares of Services companies are underperforming other sectors, showing a 1.7% loss. Within the sector, Ross Stores, Inc. (NASD: ROST) and Netflix Inc. (NASD: NFLX...
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Friday Sector Leaders: Utilities, Technology & Communications In afternoon trading on Friday, Utilities stocks are the best performing sector, losing just 0.2%. Within that group, Edison International (NYSE: EIX) and TECO Energy Inc. (NYSE: TE) are two of the day's stand-outs, show...
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Oil traded sharply lower in afternoon trading Friday, with U.S. crude falling below $40 a barrel for the first time since the global economic crisis. U.S. oil prices are headed for an eighth straight weekly decline, the ...
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Stocks, Oil Sink in Global Selloff

Wall Street Journal - 21 Aug 2015 20:26
A global market rout intensified Friday, pummeling stocks and commodities, as fresh evidence that China's economy is slowing spooked investors.
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China Mobile, the world's largest mobile operator, published a relatively strong set of first half 2015 earnings, as revenues registered moderate growth despite the effects of the value-added tax introduced last year, wh...
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We believe that investors were overly optimistic about the company, which is evident from our $15.30 price estimate for the company, which is now about 5% below the current market price. Also, there are a couple of facto...
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Cloud computing behemoth Salesforce.com continued to defy its burgeoning scale with its fiscal 2016 second quarter results, which it reported on August 20th. The company is showing no signs of slowing down, as underscore...
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Q2 2015 U.S. Banking Review: Net Interest Margin Bank shares bore the brunt of investor disappointment on Thursday, August 20, after details about the most recent Federal Reserve meeting all but ended any hope of a hike in benchmark interest rates this year. The minute...
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Tech-Media Mergers' Flimsy Script

Wall Street Journal - 21 Aug 2015 19:45
The theory that a tech company such as Netflix or Apple will buy a media company is full of holes.
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No way out for the Chinese government or our Federal Reserve
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Lew Urges China to Shift Stress Away From Exports

Wall Street Journal - 21 Aug 2015 18:43
The Obama administration on Friday urged China to shift its economy away from a dependence on exports, renewing U.S. pressure on the country a week after Beijing devalued its currency.
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PFRDA will try new method to select NPS fund managers A request for proposal will be issued soon, inviting applications from interested fund managers for managing schemes of the National Pension System
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US stocks head for worst week of 2015 amid global selloff The benchmark gauge is down almost 6% from its last record in May, after dropping below a trading range that has supported it for most of the year
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Global Market Rout Deepens

Wall Street Journal - 21 Aug 2015 17:31
A global stock rout intensified on fresh worries about the health of China's economy.
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Falling Yuan Dresses Up H&M

Wall Street Journal - 21 Aug 2015 17:22
Shares in H&M have underperformed Inditex, but China's currency move could help the former cut more of its manufacturing costs to boost margins.
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U.S. financial markets followed a global stock selloff Friday morning after China offered fresh evidence of a sharper-than-expected economic slowdown. Factory production in the world's second-largest economy shrank at it...
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U.S stocks plummeted Friday on fears of a global economic slowdown spurred by a decelerating Chinese economy. The Dow Jones Industrial Average suffered its worst losses of the year following a global stock sell-off acros...
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