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Market News

Location American Market News for 8 October 2015
Michael Dell's Next Public Battle Could Be A Takeover Of EMC Privately held PC and software giant Dell is considering a takeover of data storage specialist EMC, in a deal would combine two tech sector stalwarts responding to industry shifts towards cloud computing and mobile devic...
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Alibaba Letter Seeks to Soothe Shareholders

Wall Street Journal - 8 Oct 2015 13:00
Alibaba Group is mounting a new campaign to reassure shareholders of its growth prospects after investors dumped its shares over slowing revenue growth, China's economic woes and other issues.
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Harvard, Goldman Sachs, Venture Capital...Fugitive

Wall Street Journal - 8 Oct 2015 05:25
On the surface, Iftikar Ahmed appeared to be an immigrant success story. But prosecutors and regulators allege that he stole $65 million through a series of frauds over a decade.
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Wells Fargo Investigated over Student Loans

Wall Street Journal - 9 Oct 2015 00:26
The Consumer Financial Protection Bureau is investigating Wells Fargo over its student loan servicing practices, according to people familiar with the matter.
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Netflix's Price Increase: Gambling on Subscribers

Wall Street Journal - 9 Oct 2015 00:10
Netflix's price increase could be a sign of confidence. It could also expose the service's vulnerability to new competition.
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Deutsche Bank Lesson: Time for Banks to Go Goodwill Hunting

Wall Street Journal - 8 Oct 2015 23:52
More banks need to follow the lead of Deutsche Bank and UBS in recognizing the cost of their old deal-making ways.
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Fed's Rate Delay Spurred by Worry Over Low Inflation

Wall Street Journal - 8 Oct 2015 23:45
Federal Reserve officials held off on raising short-term rates at their September meeting because of worries about when inflation would rise to 2% after running below that target for more than three years.
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India ideal candidate to gain importance in global trade network: Satvinder Singh Deutsche Bank's Singh says India needs significant improvements to overcome challenges posed by creaky infra and logistics, and realize its potential as a trade and economic powerhouse
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U.S. Oil Prices Briefly Top $50

Wall Street Journal - 8 Oct 2015 23:36
U.S. oil futures rose Thursday, briefly topping $50 a barrel for the first time since July, as traders looked past immediate high supplies and focused on expectations of shrinking U.S. production.
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Five Gems Hidden Inside Silicon Valley Tech Giants Investors Should Know More About Here's a list of the five major businesses hidden inside Silicon Valley tech firms that should be better disclosed to investors.
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Online Lenders vs. Banks: Who Gets Disrupted?

Wall Street Journal - 8 Oct 2015 23:04
Marketplace lenders like Lending Club and On Deck are growing fast--and expensively.
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When the global financial crisis struck in 2008, Dustyn Lanz was in his mid-20s. It was sobering, the Toronto native says, to watch capital markets inflict so much damage on national economies and cost millions of people...
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Steven Romick of First Pacific Advisors Buys 3 New Stocks in Q3 Steven Romick (Trades, Portfolio), president of the $19.6 billion FPA Crescent Fund (FPACX), bought three new stocks in the third quarter, he disclosed Thursday. The value-minded investor had more than 40% of his portf...
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Thursday Sector Laggards: Healthcare, Financial Looking at the sectors faring worst as of midday Thursday, shares of Healthcare companies are underperforming other sectors, showing a 0.3% loss. Within that group, Tenet Healthcare Corp. (NYSE: THC) and Universal Health...
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A one-two punch from the European banking sector hit investors Wednesday and Thursday as Deutsche Bank announced a massive third-quarter net loss of 6.2 billion euros ($7 billion). Meanwhile, it was reported that Credit ...
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Deutsche Bank's warning that it expects a big third-quarter loss highlights a potentially bumpy financial-reporting season looming for European banks, as a slate of new chief executives address concerns over profitabilit...
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FIIs continue to cut holdings in public sector banks Barring the occasional spike, holdings in 10 banks analysed have mostly been on the decline since Q1 FY15
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Ford Motor Company declared a fourth quarter dividend of $0.15 per share on the company's outstanding Class B and common stock. The fourth quarter dividend is payable on Dec. 1, 2015 to shareholders of record at the clos...
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US Fed minutes: Global worries prevented rate hike in September Minutes show the US central bank believed the time for the first Fed rate hike in nine years 'might be near'
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Thursday's ETF Movers: XOP, XBI

Forbes - 8 Oct 2015 22:13
In trading on Thursday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Sanchez Energy...
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In trading on Thursday, drugs shares were relative laggards, down on the day by about 2.1%. Helping drag down the group were shares of Ultragenyx Pharmaceutical (RARE), down about 10.7% and shares of Aerie Pharmaceutical...
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In trading on Thursday, publishing shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Journal Media Group (JMG), up about 43.7% and shares of AH Belo Corporation (AHC) up about 14...
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