Market News
Slumping Commodities Force Glencore to Make a Tough Trade
Wall Street Journal - 2 Sep 2015 15:19
Glencore is under fire because of its high debt levels relative to mining peers. It can free up cash in its trading business, but that raises the risk of denting its earnings power.
Jim Rogers exits India, says one can't invest just on hope
livemint.com - 2 Sep 2015 09:58
Rogers said he has sold all his India shares as he saw nothing new coming from Prime Minister Narendra Modi
China Fears Sink Markets Again
Wall Street Journal - 2 Sep 2015 04:52
U.S. stocks plunged Tuesday amid new evidence that China's stubborn economic slowdown is damaging global commerce.
Private-Equity Firms Explore Bids for Petco
Wall Street Journal - 2 Sep 2015 23:51
Private-equity firms are examining a possible purchase of Petco Holdings, the pet-store chain that filed to go public last month.
Glass Lewis Opposes BofA Board Proposal
Wall Street Journal - 2 Sep 2015 23:42
Proxy advisory firm Glass Lewis & Co. is recommending shareholders vote against a board proposal by Bank of America that would let the bank's chief executive keep the title of chairman.
Federal Reserve Beige Book Reveals Businesses Are Experiencing 'Modest' Effects From China's Slowdown
IBTimes - 2 Sep 2015 23:29
Amid the recent stock market turmoil and concerns of a slowing global economy, the U.S. Federal Reserve's latest Beige Book, released Wednesday, revealed something telling. China, the world's second-largest economy, was ...
How a Single Country Fueled the U.S. Market Correction
Forbes - 2 Sep 2015 22:37
When you consider our strong economic fundamentals, you could be excused for being surprised that a U.S. market correction happened at all. So why did it?
Daily Dividend Report: AVB, HOG, TSS, SNV, PNY
Forbes - 2 Sep 2015 22:31
AvalonBay Communities (AVB) declared a cash dividend on the Company's Common Stock for the third quarter of 2015. The Common Stock dividend is $1.25 per share and is payable October 15, 2015 to all Common Stockholders of...
Medtronic to Provide Checkup on Covidien Deal
Wall Street Journal - 2 Sep 2015 22:22
Medtronic's earnings will provide a checkup on its $50 billion Covidien acquisition.
Wall Street Sales Squads Sit Out Summer
Wall Street Journal - 2 Sep 2015 22:00
A deeper-than-usual August decline in bond and equity sales will leave third-quarter earnings for big banks dependent on trading results and the still-thriving M&A market.
Harsh Reality Of Tech Stocks: Not Everyone Can Be A Unicorn
Forbes - 2 Sep 2015 21:20
As unsettling as it can be to watch the Dow shed more than 500 points in consecutive trading sessions, investors should relax, take a deep breath and put things in perspective – this was not a crash, nor are we on the ...
Gold Keeps Its Gleam Long After The Last Gold Standard
Forbes - 2 Sep 2015 21:03
Gold’s many qualities make it one of the most coveted metals in the world. Not only can it be shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not ...
Wednesday Sector Leaders: Services, Technology & Communications
Forbes - 2 Sep 2015 20:58
Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, higher by 1.5%. Within the sector, H & R Block, Inc. (NYSE: HRB) and Viacom Inc (NASD: VIAB) are tw...
Why You Might Actually Want To Make After-Tax Contributions To Your 401(k)
Forbes - 2 Sep 2015 20:55
The least popular type of contribution you can make to a 401(k) plan is an after-tax contribution that is not a Roth contribution. It's made with money you’ve already paid tax on (like Roth contributions). The contri...
Oil Prices Move Higher in Volatile Trade
Wall Street Journal - 2 Sep 2015 20:26
Oil prices flipped to gains as volatility remains the only constant in a fast-changing market.
Giant U.S. Pension Fund to Propose Shift Away From Stocks, Bonds
Wall Street Journal - 2 Sep 2015 19:45
The California State Teachers' Retirement System, the nation's second-largest pension fund, is considering a significant shift away from some stocks and bonds amid turbulent markets world-wide.
Vale's Sale Of Stake In MBR Reflects Impact Of Weak Iron Ore Prices
Forbes - 2 Sep 2015 19:45
MBR is a Vale subsidiary which represents a part of the company's ownership in its Southern System of integrated iron ore production, transportation, and port shipment networks. The assets represented by MBR accounted fo...
Opportunities Abound for Symantec as a Pure-Play Security Software Vendor
Forbes - 2 Sep 2015 19:43
We have previously stated that with the prospects of the Consumer Security Software business looking slim, Symantec's revival rests in the Enterprise Security Software business. The combination of a highly dynamic and co...
Q2 2015 U.S. Banking Review: Loan-To-Deposit Ratio
Forbes - 2 Sep 2015 19:42
The Federal Reserve's decision to keep interest rates around record lows since the economic downturn has played a crucial role in ensuring strong growth in loans for U.S. banks over recent years. But the move also led to...
Roche Diagnostics Roundup: Gradual Addition To Portfolio
Forbes - 2 Sep 2015 19:40
The industry's overall growth has slowed down. Bigger companies are likely to acquire budding diagnostics startups that can bring innovation and new technologies to the table, thereby making a difference. The incremental...
Rite Aid's Sales Growth Slows As Newly Launched Generics Are The Likely Culprit
Forbes - 2 Sep 2015 19:38
Rite Aid , the third largest drugstore chain in the U.S., is the only drug store chain in the top three that still releases monthly sales data. While sales in the pharmacy industry mostly remain stable, the extra detail ...
Welcome to quantitative tightening as $12 trillion reserves fall
livemint.com - 2 Sep 2015 18:29
Deutsche Bank strategist George Saravelos predicts 2015 will mark the peak of reserve accumulation after two decades of growth