Market News
U.S. Cut Cash to Iraq on Iran, ISIS Fears
Wall Street Journal - 3 Nov 2015 09:00
Fed and Treasury officials were concerned that U.S. dollars were ending up at sanctioned Iranian banks and possibly being funneled to Islamic State militants. The currency is flowing again and with better oversight.
BofA to Sell $87 Billion Money-Market Fund Business to BlackRock
Wall Street Journal - 3 Nov 2015 18:59
Bank of America agreed to sell its $87 billion money-market fund business to BlackRock, a deal that comes as the industry grapples with low interest rates.
OPEC Moves to Rein in Costs Amid Oil Slump
Wall Street Journal - 3 Nov 2015 18:50
The Organization of the Petroleum Exporting Countries is moving to rein in costs as its members struggle to pay their dues amid a protracted period of low oil prices, OPEC officials said.
Keystone Pipeline Operator Wants Review Suspended
Wall Street Journal - 3 Nov 2015 08:44
The company behind the Keystone XL pipeline on Monday asked the U.S. government to suspend its permit application, throwing the politically fraught project into an indefinite state of limbo.
CBS revenue misses due to lower advertising sales
CNBC - 4 Nov 2015 01:57
CBS, owner of the most-watched U.S. TV network, reported a 3.3 percent fall in quarterly revenue due to lower advertising and content licensing revenue.
Tesla Sales Fall Short Of Hopes But Elon Musk Manages To Push Spirits, Stock Higher
Forbes - 4 Nov 2015 01:53
In a letter to shareholders billionaire CEO Elon Musk demonstrated his now legendary ability to make the future look bright.
AIG's Troubling Reasons for Resisting a Breakup
Wall Street Journal - 4 Nov 2015 01:14
The insurance giant may be making the same mistake as the banks that underestimated capital requirements and compliance costs.
Zynga CFO resigns as monthly users decline
CNBC - 4 Nov 2015 01:05
The company behind FarmVille delivered quarterly earnings that beat analyst estimates.
Facebook: Is the Writing on the Wall?
Wall Street Journal - 4 Nov 2015 00:13
Facebook still has a lot of growing to do, but its share price may not as it hovers close to a record.
US stocks rise, helped by energy, auto sales
livemint.com - 3 Nov 2015 23:52
Dow Jones rises 0.6%, Standard & Poor's 500 adds 0.4%, Nasdaq composite up 0.5%
Tuesday Sector Laggards: Financial, Consumer Products
Forbes - 3 Nov 2015 23:33
In afternoon trading on Tuesday, Financial stocks are the worst performing sector, showing a 0.1% loss. Within that group, American International Group Inc (NYSE: AIG) and General Growth Properties Inc (NYSE: GGP) are tw...
Tuesday Sector Leaders: Energy, Services
Forbes - 3 Nov 2015 23:33
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, up 3.0%. Within the sector, Diamond Offshore Drilling, Inc. (NYSE: DO) and Pioneer Natural Resources Co...
Aeropostale Goes Licensing Again, But It May Not Help
Forbes - 3 Nov 2015 23:12
Aeropostale is struggling hard and does not have enough money to finance its revival strategies. That's why it is looking to ink licensing deals to bring in incremental revenues without shelling out money. Earlier this m...
Jon Stewart Strikes Deal With HBO, Sending Time Warner Shares Up
Forbes - 3 Nov 2015 22:56
Shares of Time Warner got a welcome boost on Tuesday following the news that Jon Stewart will be staging a second act on cable channel HBO.
Daily Dividend Report: EMR, MIC, AIG, COL, GAS, LEG, TDS, HR
Forbes - 3 Nov 2015 22:56
Emerson (EMR) voted today to increase the quarterly cash dividend from forty-seven cents to forty-seven and a half cents per share of common stock payable December 10, 2015 to stockholders of record November 13, 2015.
Motorola Earnings Preview: Notable Bottom Line Improvement Expected
Forbes - 3 Nov 2015 22:54
We expect the company to continue to benefit from its high order backlog in North America. Following several quarters of lackluster growth, the company's performance improved notably in the second quarter of 2015, as bet...
HBO Now, CNN, Studio Business Likely Boosted Time Warner's Q3 Earnings
Forbes - 3 Nov 2015 22:52
The company likely benefited from its cable networks, including CNN, which posted a solid ratings uptick during the third quarter. HBO likely saw an uptick in revenues from its over-the-top streaming service. We will be ...
Estee Lauder Braved Economic Slowdown And Currency Headwinds To Present A Robust Q1 Fiscal 2016
Forbes - 3 Nov 2015 22:50
The company delivered 8% adjusted constant currency growth in net sales, to $2.83 billion, and its net earnings increased 36% to $309.3 million. The company's diluted net earnings per common share increased 39% year-on-y...
Nvidia's Q3'16 Earnings Review: Gaming, Automotive & Data Center To Drive Growth
Forbes - 3 Nov 2015 22:48
Despite a weak macro environment and a challenging market conditions, the company has performed well so far this year, as its strategy of creating specialized application-specific platforms continues to gain traction. Th...
Short Seller Who Took On 'Porn's New King' Is Still Standing
Wall Street Journal - 3 Nov 2015 22:46
When Keith Dalrymple's small research firm said a Bermuda reinsurer connected to adult-entertainment tycoon Jason Galanis was 'likely fraudulent,' the reinsurer fired back. Now Galanis and others face criminal charges.
AB InBev Q3 Results: Volume Growth & Effective Pricing Combine To Boost Top Line
Forbes - 3 Nov 2015 22:46
It has been a great Q3 for Anheuser-Busch InBev . The brewer reported better-than-expected volume growth for the quarter, raising its year-to-date performance. Organic volume sales rose 1.5% year-over-year, with AB InBev...
Three Factors Which Will Determine GM's Fate In Its Biggest Market
Forbes - 3 Nov 2015 22:44
When General Motors announced results for the third quarter of fiscal 2015 recently, it announced record profits in North America and record unit sales in China, driven by a 171% increase in sales of SUVs. However, it al...