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Market News

Location American Market News for 27 August 2015

Dole Executives Ordered to Pay $148 Million in Buyout Suit

Wall Street Journal - 27 Aug 2015 17:10
A Delaware judge ordered Dole Food's chief executive and a former official to pay shareholders $148 million, ruling that CEO David Murdock's 2013 buyout undervalued the fruit grower.
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Concerns about the Chinese economy have mounted in recent months, amid lower growth forecasts (below 7% for 2015), industry overcapacity, slowing exports and the ongoing decline in the stock market. The country’s solar...
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Tiffany Q2 Sales Down 2%, Earnings Fall 16%

Forbes - 27 Aug 2015 16:25
Tiffany Q2 Sales Down 2%, Earnings Fall 16% The luxury jewelry retailer now expects net earnings for the year to be 2 percent to 5 percent lower than the prior year.
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Market Turmoil Seen Spurring China Property Purchases Abroad

Wall Street Journal - 27 Aug 2015 16:34
Instability drives Chinese to seek havens in global real-estate investments, as Australia worries about overheated market.
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S&P 500 Analyst Moves: GOOG

Forbes - 27 Aug 2015 18:05
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Google (GOOG) is now the #2 analyst pick, moving up by 1 spot.
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Surge and Setback for Asia's Bankers

Wall Street Journal - 27 Aug 2015 23:55
The market crash in China and weakness across Asia is providing a short-term boost to investment-banking revenues, but the picture for several Wall Street businesses is grimmer in the longer term.
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Icahn Discloses Stake in Freeport-McMoRan

Wall Street Journal - 27 Aug 2015 23:19
Activist investor Carl Icahn disclosed a 8.5% stake in mining-and-energy giant Freeport-McMoRan on Thursday, saying its shares are undervalued and that he plans to talk with management about costs.
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Lone Wolff - A woman's F1 perspective

CNN - 27 Aug 2015 21:42
Lone Wolff - A woman's F1 perspective Amanda Davies speaks to Susie Wolff - the only female driver to have taken part in a grand prix weekend this season - about her experiences of being a female in F1.
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Claire Williams: The humble F1 team leader Williams Martini Racing's deputy team principal Claire Williams discusses the barriers she overcame to make it to the top table of Formula One.
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Cheap Fuel's Benefits Are a Slow Burn

Wall Street Journal - 27 Aug 2015 21:35
Low gasoline prices haven't spurred consumer spending, but the impact may be felt in coming months.
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Spouse is 'immediate relative', clarifies Sebi

livemint.com - 27 Aug 2015 21:22
Spouse is 'immediate relative', clarifies Sebi Executives whose spouses trade in their firms' stock can't use alibi on independence, not privy to insider info
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China's official government statistics often raise eyebrows, whether it's the health of state-owned enterprises run by bureaucrats or national unemployment figures that ignore up to 300 million internal migrant workers. ...
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It's Time to Profit from Tiffany's Pain

Wall Street Journal - 27 Aug 2015 20:37
Tiffany is exposed to the strong dollar and the fluctuations of the global economy. But much of that may be priced in.
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Funds Still Struggle to Set Prices Amid Computer Woes

Wall Street Journal - 27 Aug 2015 20:31
Computer problems plagued the U.S. asset-management industry for a fourth day, causing hundreds of mutual and ETFs to miscalculate the value of fund assets.
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The Case for a September Fed Rate Rise

Wall Street Journal - 27 Aug 2015 20:30
Market turmoil has cast doubt on the Fed's September intentions. But a rate increase remains very much on the table.
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Chinese tourists have become an economic force to be reckoned with in recent years, injecting billions of dollars into the global economy as they jet to Japan, the U.S., New Zealand and beyond to sunbathe, shop, dine and...
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Johnson & Johnson has agreed to sell its iconic sweetener product SPLENDA to Heartland Food Products Group. The terms of the deal have not been disclosed yet, but it is not hard to see why the company may no longer be in...
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Is 'Fast Fashion' Hollister Triggering A Turnaround In Abercrombie's Growth? While the namesake brand remained weak, Hollister exhibited tremendous strength with its updated merchandise mix and store environment. For more than a year, the retailer has been trying to transform Hollister into a 'fa...
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Earlier this week, medical devices manufacturer Medtronic entered into an agreement to purchase Twelve Inc., a medical device startup focused on the development of a transcatheter mitral valve replacement, for $458 milli...
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Virtualization giant VMware announced upgrades for its desktop virtualization software suites VMware Fusion (for Mac) and VMware Workstation (for Windows). The enhanced desktop hypervisors allow users to run Windows 10 s...
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The Potential Impact Of An Upward Revision In Silver Wheaton's Effective Tax Rate Silver Wheaton received a proposal letter from the Canada Revenue Agency last month, in which the CRA proposed to reassess the company's tax liability for the years 2005-2010. As per the CRA, under the transfer pricing p...
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Nokia Set To Ride The 4G Wave In India

Forbes - 27 Aug 2015 19:39
Major telecom operators are planning to up the ante with their capital spending, following the country's largest spectrum auction earlier this year. The estimated market opportunity for telecom equipment companies is ove...
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