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Market News

Location American Market News for 29 September 2015

Alcoa to Split as Aluminum Glut Pressures Prices

Wall Street Journal - 29 Sep 2015 05:27
Aluminum maker Alcoa, hurt by depressed prices, said it plans to split into two publicly traded companies next year, one a maker of raw aluminum and the other focused on high-tech parts for the aerospace industry.
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U.S. stocks closed mildly higher Tuesday, seesawing during most of the trading session as investors continued weighed a looming government shutdown and uncertainties surrounding the health of the global economy. After op...
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Lorie White works for a nonprofit in New York state that helps families in poverty. Last winter, however, she had her own financial troubles. With $76,000 in debt from obtaining a bachelor's degree and a master's in art ...
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Bankers hope Chinese will splurge on European companies The slowdown in the world's second-biggest economy could push Asian investors to look to the UK and Europe
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When the Fed Lifts Off, This Is What to Watch at Banks

Wall Street Journal - 29 Sep 2015 23:36
Hot-money deposits could make a rate rise a turbulent time for banks.
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Redemptions And Liquidations Haunt Stocks

Forbes - 29 Sep 2015 23:35
Redemptions And Liquidations Haunt Stocks Apple gets taken to the woodshed.
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A real estate trade group serving Asian-American realtors and homeowners announced Tuesday a two-year partnership with Radian Guaranty Inc., a Philadelphia-based private mortgage insurance firm, with the goal of expandin...
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Want to Measure Economic Climate? Watch the Chicago Barometer

Wall Street Journal - 29 Sep 2015 23:29
The Chicago Business Barometer could confirm worrying weakness in U.S. manufacturing.
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Emerging Markets See Biggest Exodus Since 2008

Wall Street Journal - 29 Sep 2015 23:29
Global investors are estimated to have pulled $40 billion from emerging-market stocks and bonds during the current quarter, the most for a quarter since 2008.
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A unit of UBS Group agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds that plummeted in value in recent years.
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Bank of England governor Mark Carney calls on insurers to help prepare for climate change Mark Carney says 'the window of opportunity is shrinking' to address the dangers of extreme weather
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Tuesday Sector Leaders: Healthcare, Energy

Forbes - 29 Sep 2015 22:40
Tuesday Sector Leaders: Healthcare, Energy In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, up 0.9%. Within the sector, Vertex Pharmaceuticals, Inc. (NASD: VRTX) and Biogen Inc (NASD: BIIB) are two of the day's stand-outs, showin...
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Tuesday Sector Laggards: Consumer Products, Services Looking at the sectors faring worst as of midday Tuesday, shares of Consumer Products companies are underperforming other sectors, showing a 0.1% loss. Within the sector, Under Armour Inc (NYSE: UA) and Constellation Bra...
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Verizon Ringing With Value

Forbes - 29 Sep 2015 21:59
Verizon Ringing With Value Telecom and wireless operators are often cited as following the same path as traditional television providers, e.g. Comcast (CMCSA) and Time Warner Cable (TWC), which many believe are being replaced by newer, streaming p...
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World set for emerging market mass default, warns IMF Higher US interest rates will expose weaknesses in emerging market corporations which have gorged themselves on cheap debt, IMF warns
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SYNNEX has declared a quarterly cash dividend of $0.20 per common share. The dividend will be payable on October 30, 2015 to stockholders of record as of the close of business on October 16, 2015.
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Does the Market Price Truly Reflect the Growth in Tata Motors' Business? Tata Motors has seen a 35% decline in its stock price, in the last three months. The recent Volkswagen scandal added to its losing streak and it is now trading almost 40% below the Trefis estimate of $37. We feel that at...
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Groupon recently announced a bold restructuring move to lay off 1,100 employees and to exit 7 international markets. This latest move comes on the top of a series of measures that were recently taken by the management to...
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Alcoa's Portfolio Transformation Process To Lead To Separation Of Upstream & Value-Added Businesses Alcoa has announced that it will split into two publicly traded companies in the second half of 2016, a step that is the culmination of the company's ongoing product portfolio transformation. This move will separate the ...
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Although the fledgling software business - on which the company is betting its turnaround - saw modest revenue growth (18% year-over-year), the results fell short of expectations, as sales of the core BlackBerry Enterpri...
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Leading memory chip manufacturer, Micron Technology has lost almost 35% of its market value since it reported its Q3 2015 earnings on June 25th. (Fiscal years end with August.) While Q3 typically is a sequentially down q...
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to mak...
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