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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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Premier Oil falls as markets falter

Telegraph - 21 Aug 2015 20:39
Premier Oil falls as markets falter Premier Oil plunged 7pc as brokers targeted the stock amid balance sheet concerns, while the FTSE 100 recorded its biggest weekly loss this year.
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Panic selling grips global markets as stocks crash on China turmoil 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
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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.
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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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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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U.S. Steel: Grim Business Conditions Force Announcement Of Alabama Facilities Closure 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...
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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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