Market News
Chinese Startups Near Merger to Form $15 Billion Company
Wall Street Journal - 7 Oct 2015 09:06
Meituan.com and Dianping are nearing a merger that would form a company with a combined value of more than $15 billion, creating the country's biggest online-to-offline provider of services ranging from movie tickets to ...
Lumber Liquidators Holdings Inc (LL) Stock Price Jumps After Settling With Federal Prosecutors Over Wood Conservation Issue
IBTimes - 8 Oct 2015 01:19
Shares in Lumber Liquidators Holdings Inc. (NYSE:LL) rocketed nearly 12 percent in after-hours trading Wednesday, after North America's largest seller of wood flooring settled with federal prosecutors over the importatio...
U.S. Oil Retreats on Inventory Data
Wall Street Journal - 7 Oct 2015 19:46
Oil prices slid Wednesday after weekly inventory data showed U.S. stockpiles of crude oil and petroleum products at a record high.
Sue the Bank? You May Get Your Shot
Wall Street Journal - 7 Oct 2015 08:04
The Consumer Financial Protection Bureau is moving toward new rules giving borrowers more rights to sue banks and credit-card companies, the agency's latest attempt to shift the balance of power to consumers from financi...
Microsoft's Surface Book: The Reason for a Laptop Foray
Wall Street Journal - 7 Oct 2015 02:05
Microsoft's move into laptops is late in the game but necessary given a rapidly changing computing world.
Deutsche Bank Sees Big Loss on Write-Down in Corporate Banking
Wall Street Journal - 8 Oct 2015 01:31
Deutsche Bank warned it will take a €6 billion charge on assets in its investment bank and retail- and private-banking operations for the third quarter and said it could cut its dividend this year.
SAB Miller Rebuffs AB InBev, But a Coupling Could Still Be In The Offing
Forbes - 8 Oct 2015 01:19
A coy SABMiller could still accept a higher offer from AB Inbev, but even a brewing behemoth might struggle in a maturing global beer market
Future of United States to 2025
Forbes - 8 Oct 2015 00:48
Ten years ago, the iPhone had yet to be introduced. Fast forward to today and this device’s dramatic ripple effects in the US and abroad have ranged from upending the taxi industry by enabling Uber to dramatically alte...
Why Deustche Bank's Dividend May Be Dead After $7 Billion Loss
Forbes - 8 Oct 2015 00:47
German banking giant Deutsche Bank said on Wednesday evening it may suspend its dividend after posting a preliminary EUR 6.2 billion loss for the third quarter.
IMF: Emerging-Market Woes Risk Triggering Asset Fire Sales
Wall Street Journal - 8 Oct 2015 00:00
Financial turmoil in emerging markets risks hitting global economic growth and triggering asset fire sales world-wide, especially if the U.S. Federal Reserve raises interest rates prematurely, the IMF said.
Alcoa Split Can't Overcome China Pressure
Wall Street Journal - 7 Oct 2015 23:26
Alcoa's rally since announcing it would split in two may stall if third-quarter results reflect a deteriorating upstream business.
Opportunities In Automotive From The Trans-Pacific Partnership
Forbes - 7 Oct 2015 23:24
In 2015, a slew of carmakers announced billion-dollar investments in Mexico to tap into its export potential. The investments from global leading carmakers like Toyota, GM, FCA and Nissan, as well as luxury carmakers lik...
Pure Storage: Beyond the Day 1 Drop
Wall Street Journal - 7 Oct 2015 23:03
Even after its disappointing debut, Pure Storage carries a rich valuation that it will have to live up to.
Wednesday Sector Leaders: Materials, Healthcare
Forbes - 7 Oct 2015 22:33
In afternoon trading on Wednesday, Materials stocks are the best performing sector, higher by 1.9%. Within that group, Freeport-McMoran Copper & Gold (NYSE: FCX) and CONSOL Energy Inc (NYSE: CNX) are two large stocks lea...
Senate Democratic Inquiry Targets Banks, Wall Street Settlements
Wall Street Journal - 7 Oct 2015 22:11
A powerful senator has launched an inquiry into bank misconduct, asking top financial institutions to turn over information about the settlements they have entered into with federal agencies over the past decade.
Daily Dividend Report: STZ, GT, GEL, GLW, IR, HSY, UNM, MUR, NWN
Forbes - 7 Oct 2015 22:08
Constellation declared a quarterly cash dividend of $0.31 per share of Class A Common Stock and $0.28 per share of Class B Common Stock, payable on November 24, 2015, to stockholders of record as of the close of business...
Wednesday's ETF with Unusual Volume: FXZ
Forbes - 7 Oct 2015 21:59
The First Trust Materials AlphaDEX Fund ETF (FXZ) is seeing unusually high volume in afternoon trading Wednesday, with over 371,000 shares traded versus three month average volume of about 60,000. Shares of FXZ were up a...
Wednesday's ETF Movers: GXC, FXG
Forbes - 7 Oct 2015 21:58
In trading on Wednesday, the SPDR S&P China ETF (GXC) is outperforming other ETFs, up about 3% on the day. Components of that ETF showing particular strength include shares of Noah Holdings (NOAH), up about 6.6% and shar...
Wednesday Sector Laggards: Textiles, Water Utilities
Forbes - 7 Oct 2015 21:54
In trading on Wednesday, textiles shares were relative laggards, down on the day by about 0.3%. Helping drag down the group were shares of Sequential Brands Group (SQBG), off about 3% and shares of Cherokee (CHKE) down a...
Wednesday Sector Leaders: Biotechnology, General Contractors & Builders
Forbes - 7 Oct 2015 21:53
In trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 3%. Leading the group were shares of Pacific Biosciences of California (PACB), up about 19.6% and shares of Lion Biotechnologies...
SABMiller-AB InBev Deal: This Glass Is Almost Full
Wall Street Journal - 7 Oct 2015 21:43
SAB Miller has rejected a $104 billion offer from AB InBev. It shouldn't expect too much more.
How The U.K. Fits In American Eagle Outfitters' European Expansion Plans
Forbes - 7 Oct 2015 21:42
Expansion into the U.K. builds on the company's international expansion plans in two ways. Firstly, the market holds enough potential (huge size and positive growth forecast) for American Eagle to grow strongly and gener...