Market News
Notable Thursday Option Activity: WFM, APC, GOOG
Forbes - 29 Oct 2015 23:00
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Whole Foods Market, Inc. (NASD: WFM), where a total volume of 28,578 contracts has been traded thus far tod...
Why Allergan Is a Cure for What Ails Pfizer
Wall Street Journal - 29 Oct 2015 22:10
Bringing Allergan into the fold would be a big win for Pfizer--at the right price.
Visa Nears $22 Billion Deal to Buy European Counterpart
Wall Street Journal - 29 Oct 2015 20:56
Visa is in advanced negotiations to buy Visa Europe for about $22 billion in a deal that would unite Visa's global operations.
Oil Will Struggle to Break Past $60 a Barrel in 2016
Wall Street Journal - 29 Oct 2015 18:43
Oil price slump will be extended into next year on continued worries over a global crude glut, major investment banks say.
Top Brokers at Credit Suisse Unhappy With Wells Fargo Deal
Wall Street Journal - 29 Oct 2015 18:40
Dozens of top brokers from Credit Suisse's U.S. private-banking unit are unhappy over their proposed recruitment by Wells Fargo, creating an opening for rival brokerages to poach them.
Budget Deal Ends Key Social Security Claim Strategies
Wall Street Journal - 29 Oct 2015 04:23
The budget bill the White House and congressional leaders hammered out Monday would shut down two popular Social Security claiming strategies that married couples and their financial advisers have come to rely on to sque...
Pfizer CEO Says U.S. Tax Regime Pushes Him to Seek Allergan Deal
Wall Street Journal - 30 Oct 2015 01:59
A merger with Ireland-based Allergan could enable Pfizer to lower its tax bill, and Pfizer's CEO said he wouldn't let potential political fallout deter him.
Valeant Pharmaceuticals International Inc (VRX) Drops On Report CVS Cut Ties With Specialty Pharmacy
IBTimes - 30 Oct 2015 01:32
Shares of Valeant Pharmaceuticals International Inc. (NYSE:VRX) suffered late Thursday on news that health chain CVS had severed ties with a specialty pharmacy whose convoluted relationship with Valeant has stirred share...
Western Digital Earnings: Revenues, Profits Down After Shipments Decline
Forbes - 30 Oct 2015 00:38
Western Digital reported its fiscal first quarter 2016 earnings on Wednesday, October 28, reporting a nearly 15% year-over-year decline in net revenues to $3.36 billion. The total hard drives shipped by Western Digital t...
Millennial Money: How To Overcome Fear And Structure Your First 401(k)
IBTimes - 30 Oct 2015 00:17
They'll search Tinder for soul mates and dare to put their personal details all over social media, but as investors, young people are far too cautious. According to a recent UBS Wealth Management survey, millennials who ...
NSEL-FTIL merger: Govt wants time till 31 December to pass final order
livemint.com - 30 Oct 2015 00:11
Bombay high court had set a deadline of 30 October for the order
Starbucks meets Wall Street's earnings forecast
CNBC - 30 Oct 2015 00:04
The coffee giant delivered earnings that met expectations on Thursday, but shares dropped in after-hours trade.
Carl Icahn Says His Fears Are Coming True As Pfizer Flees US Tax System
Forbes - 29 Oct 2015 23:54
Carl Icahn is trying his hand at political activism in working to rally Washington against Pfizer's prospective takeover of Allergan.
Today the market is hot, but the music will stop soon: Chua Kee Lock
livemint.com - 29 Oct 2015 23:13
The group president and CEO at Vertex Venture Holdings, the VC arm of Singapore's Temasek, on start-ups and their crazy valuations
GoPro's Reeling Stock Knocks Nick Woodman Down A Peg
Forbes - 29 Oct 2015 23:13
GoPro's 15% drop on Thursday knocked $159 million off Woodman's net worth.
Budget Deal Underscores Danger Of Relying On Social Security For Retirement Income
Forbes - 29 Oct 2015 22:51
The seemingly lack of available resources available for funding a growing social security and Medicare benefit programs, as demonstrated by the recent budget deal, is a real nightmare for the elderly as Social Security a...
Thursday Sector Leaders: Energy, Healthcare
Forbes - 29 Oct 2015 22:32
The best performing sector as of midday Thursday is the Energy sector, higher by 0.5%. Within the sector, Murphy Oil Corp (NYSE: MUR) and EQT Corp. (NYSE: EQT) are two large stocks leading the way, showing a gain of 3.9%...
Thursday Sector Laggards: Technology & Communications, Utilities
Forbes - 29 Oct 2015 22:32
In afternoon trading on Thursday, Technology & Communications stocks are the worst performing sector, showing a 1.2% loss. Within that group, F5 Networks, Inc. (NASD: FFIV) and Avago Technologies Ltd (NASD: AVGO) are two...
Run With Oprah Into Weight Watchers, Run Fast From Valeant
Forbes - 29 Oct 2015 22:06
Can Oprah Winfrey's mere presence reverse a decaying dinosaur of a business? Can she reverse a fundamental downtrend years in the making? Of course she can, we are taking about Oprah, whose endorsement has influenced pre...
Tasting the Difference as Coffee Prices Fall
Wall Street Journal - 29 Oct 2015 22:01
Shifting dynamics in the global coffee market might be affecting the flavor in your cup, as a glut of beans from Brazil has driven down prices while Vietnamese farmers have been hoarding their beans.
SunPower Q3 Review: Doubling Down On Commercial Solar
Forbes - 29 Oct 2015 21:53
SunPower, the second largest U.S. solar company, posted a better than expected set of third quarter numbers, driven largely by demand for its commercial and residential solar products in the United States. However, the u...
Key Takeaways From China Telecom's Q3 Earnings
Forbes - 29 Oct 2015 21:51
China Telecom had a reasonably strong third quarter, aided by incremental subscriber additions, continued migration to the company's 4G LTE network and better cost management. While Q3 revenues grew by about 4.8% year-ov...