Market News
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.
Dow Jones Industrial Average, S&P 500 Eke Out Gains; Nasdaq Composite Ends Lower After Biotech Rally Loses Steam
IBTimes - 30 Sep 2015 00:31
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...
Student Loan Servicing Failures: Obama Administration Explores Regulations To Protect Borrowers
IBTimes - 30 Sep 2015 00:28
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 ...
Bankers hope Chinese will splurge on European companies
Telegraph - 29 Sep 2015 23:58
The slowdown in the world's second-biggest economy could push Asian investors to look to the UK and Europe
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.
Redemptions And Liquidations Haunt Stocks
Forbes - 29 Sep 2015 23:35
Apple gets taken to the woodshed.
Asian-American Mortgages: Real Estate Trade Group's Ethnic-Focused Partnership To Boost Homeownership
IBTimes - 29 Sep 2015 23:33
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...
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.
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.
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
Wall Street Journal - 29 Sep 2015 23:22
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.
Bank of England governor Mark Carney calls on insurers to help prepare for climate change
Telegraph - 29 Sep 2015 23:15
Mark Carney says 'the window of opportunity is shrinking' to address the dangers of extreme weather
Tuesday Sector Leaders: Healthcare, Energy
Forbes - 29 Sep 2015 22:40
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...
Tuesday Sector Laggards: Consumer Products, Services
Forbes - 29 Sep 2015 22:40
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...
Verizon Ringing With Value
Forbes - 29 Sep 2015 21:59
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...
World set for emerging market mass default, warns IMF
Telegraph - 29 Sep 2015 21:50
Higher US interest rates will expose weaknesses in emerging market corporations which have gorged themselves on cheap debt, IMF warns
Daily Dividend Report: SNX, AXP, HRL, CPB, DOC
Forbes - 29 Sep 2015 21:44
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.
Does the Market Price Truly Reflect the Growth in Tata Motors' Business?
Forbes - 29 Sep 2015 21:42
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...
Groupon Lays Off Employees And Exits Certain Geographies: A Look At The Impacts On The Stock
Forbes - 29 Sep 2015 21:40
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...
Alcoa's Portfolio Transformation Process To Lead To Separation Of Upstream & Value-Added Businesses
Forbes - 29 Sep 2015 21:38
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 ...
BlackBerry Q2 Earnings: Reviewing Software Outlook And The Android Strategy
Forbes - 29 Sep 2015 21:36
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...
Micron's Q4'15 Earnings Preview: PC DRAM & 3D NAND In Focus
Forbes - 29 Sep 2015 21:34
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...
Tuesday 9/29 Insider Buying Report: WOR, DRI
Forbes - 29 Sep 2015 21:33
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...