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Market News

Location American Market News for 21 October 2015

Credit Suisse to Launch $6.3 Billion Capital Increase

Wall Street Journal - 21 Oct 2015 11:56
Credit Suisse revealed details of a planned overhaul under its new chief executive, including raising roughly $6.3 billion in new capital, as the Swiss bank delivered a set of disappointing third-quarter results.
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Citigroup upgrades Smiths Group to a "buy" rating as it believes its new boss can offer a fresh perspective
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Everyday Low Price Prompts Buyout for China's Wal-Mart Wannabe

Wall Street Journal - 21 Oct 2015 11:56
Wumart's privatization bid signals that amid investor doom-and-gloom over China, there are pockets of real value.
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Valeant Rebuts Critical Report That Pummels Stock

Wall Street Journal - 22 Oct 2015 01:41
Valeant defended its relationship with a specialty pharmacy that distributes some of its drugs, following a critical report by a short-selling research firm that wiped as much as $20 billion from its market value on Wedn...
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IPOs for the Small Investor

Wall Street Journal - 22 Oct 2015 01:32
J.P. Morgan Chase and Motif Investing Inc., an online brokerage, are joining in a program to allow small individual investors to invest as little as $250 in IPOs.
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Valeant: What Bottom Fishers Might Reel In

Wall Street Journal - 22 Oct 2015 01:17
What kind of upside can Valeant investors expect after a dramatic selloff?
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Seagate And Wal-Mart: Buy, Sell Or Hold?

Forbes - 22 Oct 2015 01:10
Seagate And Wal-Mart: Buy, Sell Or Hold? The not-too-hot, not-too-cold economic data of late provided a floor under the equity markets last week, though we were reminded again that it is a market of stocks and not simply a stock market. We provide two stock pic...
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CIT CEO John Thain to Retire

Wall Street Journal - 22 Oct 2015 01:09
CIT said John Thain, the crisis-era leader of Merrill Lynch, will retire as chief executive of the lender on March 31 as it continues its push to transition to a U.S. commercial bank.
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AmEx shares dip as earnings plunge 11%

CNBC - 22 Oct 2015 00:55
Amex said continued headwinds from a stronger U.S. dollar and a rise in marketing spending contributed to profit falling.
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The company continued its triple-digit cloud revenue growth rate in the third quarter, albeit the pace slowed slightly compared to the first half of the year. Perhaps more importantly, SAP appears to have achieved the cr...
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GM Results: No Need to Check Engine Light

Wall Street Journal - 22 Oct 2015 00:28
General Motors hit a sweet spot in the third quarter.
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SanDisk Fetches a Flashy Price

Wall Street Journal - 21 Oct 2015 23:27
Western Digital's interest in SanDisk makes sense, but it requires the company to stretch.
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Yahoo stock is down more than 5% in Wednesday trading, and not just because the company posted a disappointing set of third quarter earnings -- but because Wall Street is questioning the value of Yahoo's core business.
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Wednesday Sector Laggards: Energy, Healthcare In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 1.2% loss. Within that group, Range Resources Corp (NYSE: RRC) and Southwestern Energy Company (NYSE: SWN) are two large stocks ...
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Wednesday Sector Leaders: Consumer Products, Utilities In afternoon trading on Wednesday, Consumer Products stocks are the best performing sector, higher by 0.1%. Within that group, General Motors Co. (NYSE: GM) and Keurig Green Mountain Inc (NASD: GMCR) are two large stocks...
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It Will Take More Than Breakfast to Perk Up McDonald's

Wall Street Journal - 21 Oct 2015 22:14
McDonald's stock has surged on optimism about a possible property spinoff and other initiatives, but it may have nearly run its course.
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Puerto Rico's Talks with Bondholders End Without Deal

Wall Street Journal - 21 Oct 2015 22:00
Puerto Rico's Government Development Bank has ended talks with a group of bondholders without reaching a debt-restructuring deal.
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Freeport-McMoRan Q3 Earnings Preview: Weak Copper And Oil Prices To Take Their Toll On Results We expect the prevailing weakness in copper and oil prices to negatively impact the company?s profitability in Q3. Since Freeport has divested some of its copper mining and oil and gas assets over the course of the last ...
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The strong rise in net sales is likely to be countered by rapidly increasing sales and marketing expenses, and high content acquisition costs. The company?s net loss had increased 37% in Q2 2015, following a sizable 70% ...
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Sharp reductions in market valuation across asset classes resulted in a reduction in the size of assets under custody and administration (AUC/A) from the record $28.6 trillion in Q2 2015 to $28.5 trillion this time aroun...
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With the company?s stock rising by over 70% year-to-date, driven by both an acceleration in top-line growth and an improvement in profitability, investor expectations will be high for the company. We think Amazon could c...
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Verizon's third quarter earnings beat market expectations, as the carrier benefited from improved customer retention and decent postpaid subscriber adds for its wireless business, as well as strong uptake of its FiOS ser...
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