Market News
Inside Swiss Banks' Tax-Cheating Machinery
Wall Street Journal - 22 Oct 2015 13:57
Dozens of Swiss banks have been spilling their secrets to the Justice Department this year about how they encouraged U.S. clients to hide money abroad.
Shareholder Optimism on Airlines at Low Altitudes
Wall Street Journal - 23 Oct 2015 01:57
American Airlines and its peers are flying high as a result of packed planes and less competition, but shareholders have become more cautious.
U.S. Plans to Dismiss Insider Charges Against Ex-SAC Manager
Wall Street Journal - 23 Oct 2015 01:34
Manhattan U.S. Attorney Preet Bharara said his office would move to dismiss insider trading charges against a former senior employee of SAC Capital Advisors LP and six analysts, in response to an appeals court ruling las...
Amazon shares spike 10% on huge earnings beat
CNBC - 23 Oct 2015 01:01
Amazon's Web Services revenue grew by 78 percent, while its sales in North America rose nearly 30 percent.
AT&T misses on revenue, beats EPS estimates
CNBC - 23 Oct 2015 00:50
The telecom giant posted third-quarter earnings of 74 cents per share on revenue of $39.09 billion.
AT&T Inc (T) Q3 2015 Earnings: Revenue Misses Expectations Due To DirecTV Acquisition
IBTimes - 23 Oct 2015 00:44
AT&T Inc. (NYSE:T) on Thursday unveiled lower-than-expected third-quarter revenue of $39.1 billion. But the revenue shortfall may be due to accounting changes that occurred in conjunction with its acquisition of DirecTV.
Valeant Look-Alike Stocks Aren't Mirror Images
Wall Street Journal - 23 Oct 2015 00:37
Valeant's troubles are spilling over to smaller acquisition-driven pharmaceutical companies. The damage may be excessive.
Amazon Posts Surprise Profit, Sending Shares Surging
Forbes - 23 Oct 2015 00:32
Amazon surprised investors on Thursday by posting its second consecutive quarterly profit and also topping revenue estimates in the third quarter.
Valeant (VRX) Strengthens Defense After Two Days Of Market Punishment
IBTimes - 23 Oct 2015 00:11
Valeant Pharmaceuticals International Inc. (VRX) attempted to calm nerves after a spate of critical reports shaved nearly 30 percent off the company's stock price in two days.
Large Money Managers Suffer Bruising Quarter
Wall Street Journal - 22 Oct 2015 23:56
Large money managers were bruised in the third quarter by market declines and investor outflows, the latest sign of the ills afflicting the U.S. mutual-fund industry.
Coming Soon: More Green And Social Options In Your 401(k)
Forbes - 22 Oct 2015 23:55
Employees could soon begin to see more investment options in their 401(k)s -- namely, the kind that seek to make both a financial return and a positive impact on the world.
India needs to fast-track its reforms agenda: Shaily Mittal
livemint.com - 22 Oct 2015 23:18
The economist at MNI Indicators says expectations from the govt remain high, but patience is slowly running out among both domestic and international businesses
Dimension Therapeutics Shares Fall in Debut
Wall Street Journal - 22 Oct 2015 22:58
Biotechnology companies have been one of the hottest segments of the initial public offering market since 2013, but a recent selloff is putting a squeeze on these new issuances, investors say.
Expense Blues Should Cheer AmEx Investors
Wall Street Journal - 22 Oct 2015 22:38
Economic headwinds and increased competition will keep pressuring American Express earnings.
Thursday Sector Laggards: Healthcare, Energy
Forbes - 22 Oct 2015 22:33
In afternoon trading on Thursday, Healthcare stocks are the worst performing sector, showing a 2.4% loss. Within that group, Tenet Healthcare Corp. (NYSE: THC) and Universal Health Services, Inc. (NYSE: UHS) are two of t...
Thursday Sector Leaders: Technology & Communications, Industrial
Forbes - 22 Oct 2015 22:33
Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, up 2.2%. Within that group, eBay Inc. (NASD: EBAY) and Citrix Systems, Inc. (NASD...
Why Miners Keep Expanding as Prices Collapse
Wall Street Journal - 22 Oct 2015 21:58
Plunging currencies in mineral-rich nations are helping some companies cut production costs and expand output of commodities such as iron ore and coal, contributing to gluts that are driving prices down.
Robust Growth In Procedures, Beneficial Product Mix Drive Intuitive Surgical's Strong Q3 Performance
Forbes - 22 Oct 2015 21:57
The company's non-GAAP gross margin improved by over 2 percentage points year-on-year due to higher average selling prices, cost savings, and a favorable prior period comparison. Of the 117 systems placed in the third qu...
China Mobile Posts Solid Q3 Growth On 4G Migration, Subscriber Adds, ARPU Continues To Lag
Forbes - 22 Oct 2015 21:55
Profit attributable to equity shareholders for for the third quarter rose by about 13% year over year, while revenues grew by about 10% from a year ago, based on figures derived from the carrier's 9-month results publish...
HOG Q3 Earnings: It's Not Just A Macro Headwind Anymore, Core Performance Needs To Pick Up
Forbes - 22 Oct 2015 21:53
It's no longer just the 'near-term' currency headwind, effective pricing by the competition, and macroeconomic headwinds in overseas markets, that are denting sales of the iconic motorcycle maker Harley-Davidson . The co...
Ericsson Earnings Preview: Top Line Improvement May Be Offset By Lack Of Patent Income
Forbes - 22 Oct 2015 21:52
Wxpect its performance in North America to improve somewhat with demand from U.S. carriers getting better. Additionally, the strengthening dollar and strong growth in Asia and Africa are likely to complement the company'...
Citigroup in Talks to Sell Its 20% Stake in China Guangfa Bank
Wall Street Journal - 22 Oct 2015 21:51
Citigroup is in talks to sell its minority stake in China Guangfa Bank, a holding the New York firm acquired in 2006 as part of a fierce takeover battle, according to people familiar with the matter.