Market News
Connecticut, America's Richest State, Has a Huge Pension Problem
Wall Street Journal - 5 Oct 2015 03:53
Connecticut has roughly half of what it needs to pay future retirement benefits for its workers, meaning the state is wrestling with financial distress rivaling that of Kentucky or Illinois.
OPEC Worried About Its Public Image
Wall Street Journal - 6 Oct 2015 01:35
Officials of the Organization of the Petroleum Exporting Countries have fretted over legal attacks on the group, wondered whether they should engage in social media and pushed for better relations with Asian consumers, a...
Google Takes Stake in Messaging Startup Symphony
Wall Street Journal - 6 Oct 2015 00:36
Google Inc. plans to invest in a new round of funding for Symphony Communication Services LLC that values the messaging company at about $650 million.
Glencore Rebounds, But Troubles Remain
Forbes - 6 Oct 2015 00:19
Despite the recent 50% swing in its share price, Glencore's underlying prospects remain unchanged and uncertain.
Activist Investors: Helping or Hindering?
Wall Street Journal - 6 Oct 2015 00:14
The Wall Street Journal studied 71 activist-investor campaigns. The results: Activism often improves corporate performance but definitely not always.
Larry Robbins Raises Stake in Tenet Healthcare
Forbes - 5 Oct 2015 23:55
Larry Robbins (Trades, Portfolio), founder, portfolio manager and CEO of hedge fund Glenview Capital Management, raised his stake in Tenet Healthcare Corp. (NYSE:THC) Wednesday by more than 11% with the purchase of 1...
Trans-Pacific Partnership May Face Tough Sledding In The House
Forbes - 5 Oct 2015 23:17
If you think five years of multilateral negotiations over the Trans-Pacific Partnership were tough, just wait ‘til Congress gets its hands on it.
Yum Could Take Chinese Food to Go
Wall Street Journal - 5 Oct 2015 22:40
A rebound in Chinese sales growth may coincide with a recovery in Yum's share price and renewed interest in spinning the unit off.
Human Jobs Under Attack By Tax Code Favoring Robots Over People
Forbes - 5 Oct 2015 22:25
Hopefully, a presidential candidate or Congress will consider my tax idea to spur jobs with a new depletion allowance on human labor. Similar in concept to the depletion allowance on oil and gas, it would be an annual ta...
Trends In Global Advertising Industry: Winners And Losers -- Part 2
Forbes - 5 Oct 2015 21:38
In the first part of this article, we explored the trends that are shaping the global advertising industry. To summarize the first article, advertisers are increasingly allocating more of their budgets for online ads at ...
Companies With Meaningful Dependence On Oncology Drugs Business
Forbes - 5 Oct 2015 21:36
We believe that immuno-oncology is going to be one of the key pillars of the next phase of pharma growth. Why do we think so? First, treating cancer is a tricky thing due to a large variety of types and sub-types that re...
MeehanCombs Fund Shutting
Wall Street Journal - 5 Oct 2015 21:34
MeehanCombs, a hedge fund that had been betting heavily on junk bonds and Europe's recovery, is shutting down.
GE Stock: Time to Up the Voltage
Wall Street Journal - 5 Oct 2015 21:28
A large new investment from Trian Fund Management suggests better days are finally here for GE shareholders.
FTSE returns to levels last seen before 'Black Monday'
Telegraph - 5 Oct 2015 21:03
The FTSE jumped 2.76pc on Monday buoyed by commodity stocks, amid chatter of a Chinese stimulus package.
Cattle Futures In Free Fall Confirm My Expectations For A Collapse In Beef Prices
Forbes - 5 Oct 2015 20:43
I began alerting Forbes readers in March that beef and poultry prices would follow corn prices down over 50% from their all time highs. It looks like my prediction is coming true if you look at the cattle futures markets...
Retail Investors Bought Apple, GoPro And Twitter In September
Forbes - 5 Oct 2015 20:34
Retail investors were net buyers of stocks in September, according to T.D. Ameritrade's monthly survey of its more than six million clients and their trading activity.
Labor Market Conditions Index Raises Possibility Of Negative Rates
Forbes - 5 Oct 2015 20:16
Now that we know for certain just how poorly the Chair’s favorite indicator of labor market health is doing, it is fairly clear, as if wasn’t already, there will be no Fed action before next spring. It might, however...
Global Woes Likely Pulled Down Q3 Earnings But That's No Surprise to Street
Forbes - 5 Oct 2015 20:04
Remember Q3? Or have you put it out of your mind? It was a tough stretch for some U.S. companies and investors as China’s troubled economy rocked the markets. China’s impact—coupled with sluggishness in Europe, Jap...
Dow Analyst Moves: V
Forbes - 5 Oct 2015 19:48
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Visa (V) is the #2 analyst pick. Visa also comes in above the median of anal...
Recession Watch
Forbes - 5 Oct 2015 19:48
Below is the October 5th Thoughts from the Frontline, republished in full.
S&P 500 Analyst Moves: ATVI
Forbes - 5 Oct 2015 19:47
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Activision Blizzard (ATVI) is now the #10 analyst pick, moving up by 1 spot.
Biotechs - Boom, Bust, Now Buy
Forbes - 5 Oct 2015 19:45
That was no bubble popping. Prospects remain rosy, so good time to buy biotechs.