Market News
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.
A 'fresh start' helps Smiths Group climb the FTSE 100
Telegraph - 21 Oct 2015 18:51
Citigroup upgrades Smiths Group to a "buy" rating as it believes its new boss can offer a fresh perspective
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.
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...
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.
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?
Seagate And Wal-Mart: Buy, Sell Or Hold?
Forbes - 22 Oct 2015 01:10
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...
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.
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.
SAP's Successful Run In Cloud Continued In Q3, Future Growth Rests On Broader Product Portfolio
Forbes - 22 Oct 2015 00:45
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...
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.
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.
Wall Street To Yahoo: What Are You Without 'Baba Behind You?
Forbes - 21 Oct 2015 23:27
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.
Wednesday Sector Laggards: Energy, Healthcare
Forbes - 21 Oct 2015 22:37
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 ...
Wednesday Sector Leaders: Consumer Products, Utilities
Forbes - 21 Oct 2015 22:36
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...
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.
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.
Freeport-McMoRan Q3 Earnings Preview: Weak Copper And Oil Prices To Take Their Toll On Results
Forbes - 21 Oct 2015 22:00
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 ...
Pandora Earnings Preview: Improving Monetization Will Be Countered By Soaring Expenses
Forbes - 21 Oct 2015 21:58
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% ...
Custody Banking Fees, Lower Operating Costs Help BNY Mellon Post Strong Q3 Results
Forbes - 21 Oct 2015 21:56
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...
Did Amazon Continue To Outperform Expectations During The Third Quarter
Forbes - 21 Oct 2015 21:55
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...
Strong Customer Retention Drives Verizon's Q3 Earnings
Forbes - 21 Oct 2015 21:53
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...