Market News
Carlyle-Owned Hedge-Fund Firm Hands Investors a Big IOU
Wall Street Journal - 28 Oct 2015 15:03
Claren Road Asset Management won't immediately pay back about two thirds of the nearly $2 billion that investors recently asked to withdraw.
Goldman Revises Bylaws to Grant Shareholders Proxy Access
Wall Street Journal - 29 Oct 2015 01:24
Goldman Sachs added its name to the list of large U.S. companies making it easier for shareholders to propose their own candidates for corporate boards.
Fed Rate Hike: Three Things We Learned From The October Fed Meeting
IBTimes - 29 Oct 2015 01:06
The Federal Open Markets Committee came out of its October meeting Wednesday with a decision that surprised no one: Rock-bottom interest rates would stay on hold once again. But the characteristically short, cookie-cutte...
Buffalo Wild Wings shares tumble on earnings miss
CNBC - 29 Oct 2015 00:55
Buffalo Wild Wings' stock traded sharply lower after the company reported earnings that missed expectations.
Deutsche Bank Won't Pay Dividend This Year or Next
Wall Street Journal - 29 Oct 2015 00:47
Deutsche Bank said it won't pay shareholders a dividend this year or next, as part of a broad range of steps designed to help the German lender meet new financial targets tied to a sweeping restructuring.
Altria Q3 Earnings Preview: Solid Results Against Favorable Industry Conditions
Forbes - 29 Oct 2015 00:39
America?s leading tobacco conglomerate, Altria, is set to report Q3 2015 earnings on October 29. Last quarter, the company reported strong results with net revenues growing across the company?s smokable and smokeless pro...
GoPro shares plunge 16% after earnings miss
CNBC - 29 Oct 2015 00:28
GoPro shares fell more than 16 percent in extended-hours trading Wednesday after it reported earnings that missed expectations.
Amgen stock gets boost from earnings beat
CNBC - 29 Oct 2015 00:02
Shares of Amgen popped nearly 2 percent in after-hours trade after the biotech company beat on its third-quarter earnings.
The Fed's Big December Rates Problem
Wall Street Journal - 28 Oct 2015 23:57
The Federal Reserve's decision to leave rates on hold puts all eyes on its December meeting. Not tightening then might put out a message the central bank doesn't want to send.
Starbucks Investors Should Stick to Decaf
Wall Street Journal - 28 Oct 2015 23:41
Starbucks should please Wall Street again on Thursday, but its stock is pricier than it has been since before the last recession.
Wednesday Sector Laggards: Utilities, Consumer Products
Forbes - 28 Oct 2015 22:34
The worst performing sector as of midday Wednesday is the Utilities sector, showing a 1.5% loss. Within that group, Edison International (NYSE: EIX) and PG&E Corp. (NYSE: PCG) are two large stocks that are lagging, showi...
Wednesday Sector Leaders: Energy, Financial
Forbes - 28 Oct 2015 22:33
In afternoon trading on Wednesday, Energy stocks are the best performing sector, up 1.0%. Within the sector, Occidental Petroleum Corp (NYSE: OXY) and Noble Energy, Inc. (NYSE: NBL) are two large stocks leading the way, ...
Fed keeps rate at record low after slowdown in job growth
livemint.com - 28 Oct 2015 22:17Fed Holds Rates Near Zero
Wall Street Journal - 28 Oct 2015 22:05
Federal Reserve officials Wednesday kept short-term interest rates unchanged near zero, but opened the door more explicitly than they have before to raising rates at a final 2015 meeting in December.
Fed Rate Hike: Yellen Maintains Near-Zero Interest Rate
IBTimes - 28 Oct 2015 22:04
The U.S. Federal Reserve announced Wednesday that it would hold interest rates at the near-zero benchmark that has persisted since late 2008. The decision, relayed in a short press release that left the door open to a De...
Electronic Arts Q2 2016 Earnings Preview: Increase In Unit Sales Per Title To Drive Revenue Growth
Forbes - 28 Oct 2015 21:59
The American video game developer has been enjoying great dominance in the sports genre for over a decade now. With the trend shifting gradually from hardware sale dominance to increasing software sales in 2015, as well ...
Shares in Antofagasta fall as miner slashes copper output
Telegraph - 28 Oct 2015 21:58
Market Report: Antofagasta tumbles on its reduced copper production target, while FTSE 100 climbs higher ahead of the Fed's policy statement
Starbucks Q4 Fiscal 2015 Earnings Preview: Three Drivers To Look Out For
Forbes - 28 Oct 2015 21:58
Starbucks Corporation, the leader in the coffee industry, is scheduled to report its Q4 earnings report for the fiscal 2015 on October 29. Market analysts are expecting the company to post an EPS of 43 cents, up 16% year...
Trading Commissions Drive Ameritrade's Earnings As Low Yields Subdue Interest Revenues
Forbes - 28 Oct 2015 21:56
The company?s consolidated fiscal 2015 revenues were up by 4% y-o-y to $3.2 billion. Ameritrade reported healthy trade volume metrics through the September quarter, which drove a 10% annual increase in revenues generated...
Alibaba Outperforms Expectations On Mobile Growth, Driving Stock Higher
Forbes - 28 Oct 2015 21:53
While earlier there were concerns pertaining to the impact of slowing Chinese economy on Alibaba?s demand, we believe the recent results rather showed resilience in Chinese consumption this quarter. And though Alibaba?s ...
Strong F-150, SUV Sales In North America Boost Ford's Profits
Forbes - 28 Oct 2015 21:51
As we predicted, Ford strongly outperformed its numbers from last year, bringing in net income of $2.86 billion compared to last year?s $1.02 billion. Automotive revenue for the quarter stood at $35.8 billion, an increas...
Oil Prices Recover in 'Nervous' Market
Wall Street Journal - 28 Oct 2015 21:23
Oil prices are pushing higher Wednesday from news on exports to Mexico and stockpile additions that came in slightly below expectations.