Market News
How Coke Is Restructuring Its Way To Higher Profitability
Forbes - 21 Aug 2015 14:39
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 ...
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.
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.
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.
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.
Friday Sector Laggards: Services, Consumer Products
Forbes - 21 Aug 2015 20:53
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...
Friday Sector Leaders: Utilities, Technology & Communications
Forbes - 21 Aug 2015 20:52
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...
US Crude Oil Prices Tumble Below $40 For First Time Since Global Economic Crisis
IBTimes - 21 Aug 2015 20:40
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 ...
Premier Oil falls as markets falter
Telegraph - 21 Aug 2015 20:39
Premier Oil plunged 7pc as brokers targeted the stock amid balance sheet concerns, while the FTSE 100 recorded its biggest weekly loss this year.
Panic selling grips global markets as stocks crash on China turmoil
Telegraph - 21 Aug 2015 20:21
More than £130bn is wiped off the FTSE in 10 days as Beijing is set to resort to drastic rate cuts to revive its flagging fortunes
Oil Prices Drop Below $40 a Barrel
Wall Street Journal - 21 Aug 2015 20:12
The price of oil in the U.S. tumbled below $40 a barrel Friday for the first time since 2009 amid a growing consensus that cheap oil is here to stay.
China Mobile Earnings Driven By Data Traffic Growth
Forbes - 21 Aug 2015 19:56
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...
Why The Fall In American Eagle's Stock Is Warranted Despite Strong Q2 Results
Forbes - 21 Aug 2015 19:55
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...
Q2 2015 U.S. Banking Review: Net Interest Margin
Forbes - 21 Aug 2015 19:53
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...
U.S. Steel: Grim Business Conditions Force Announcement Of Alabama Facilities Closure
Forbes - 21 Aug 2015 19:51
U.S. Steel has announced plans to permanently close its blast furnace and most of the associated steelmaking operations in Fairfield, Alabama, a move that more closely aligns the company's operations with the unfavorable...
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.
Like Our Fed, The Chinese Government Is Painted Into A Corner
Forbes - 21 Aug 2015 18:53
No way out for the Chinese government or our Federal Reserve
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.
PFRDA will try new method to select NPS fund managers
livemint.com - 21 Aug 2015 18:28
A request for proposal will be issued soon, inviting applications from interested fund managers for managing schemes of the National Pension System
US stocks head for worst week of 2015 amid global selloff
livemint.com - 21 Aug 2015 17:45
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
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.
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.