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Market News

Location American Market News for 5 November 2015

Chinese Shares Gain Momentum

Wall Street Journal - 5 Nov 2015 08:50
China shares flirted with bull-market territory Thursday, as two days of sharp gains added steam to the slow, steady recovery that has been under way since August.
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Adidas shares leaped as much as 8.8 percent on Thursday, as the German sportswear retailer intensifies its push into Nike's home territory.
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Central Bank Moves Reignite Euro Decline

Wall Street Journal - 5 Nov 2015 18:18
With the Fed hinting at a December rate increase, and the ECB suggesting it will beef up its stimulus, investors have begun betting that the gulf in policy is bad news for the euro.
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Pound Falls, U.K. Government Bonds Rise on BOE Comment

Wall Street Journal - 5 Nov 2015 17:46
The British pound fell and U.K. government bonds rose after the Bank of England said Thursday it doesn't expect to hit its 2% inflation target for around another two years.
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Volkswagen AG has started damage control, after it was revealed in the middle of September that the German automaker falsified nitrogen oxide emission test results on as many as 11 million of its diesel vehicles worldwid...
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We believe that Exxon Mobil's Trefis adjusted total revenue for the year 2015 will decline by more than 30% as compared to last year and amount to $362.2 billion (Calculated revenue figure not subjected to any intersegme...
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Activist Investor Bill Ackman Plays Defense

Wall Street Journal - 5 Nov 2015 07:54
Activist investor William Ackman, with about $2 billion in losses on Valeant Parmaceuticals, is struggling to salvage his big bet on the drug maker.
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Bitcoin Frenzy Back As Epic Bust Fades

Wall Street Journal - 5 Nov 2015 05:58
Bitcoin's price has climbed as much as 50% this week, re-creating scenes from a manic 2013 run that took it from $13 to a high of $1,100 before it crashed.
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Big Banks Lock Horns With Personal-Finance Web Portals

Wall Street Journal - 5 Nov 2015 04:30
J.P. Morgan Chase & Co. and Wells Fargo & Co. are snarling the flow of data to popular websites that help consumers manage their finances, according to people familiar with the matter.
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Weight Watchers reported quarterly results that beat expectations, benefiting from its partnership with Oprah Winfrey.
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Sebi to tighten MF redemption rules

livemint.com - 6 Nov 2015 01:20
Sebi to tighten MF redemption rules Move comes after JPMorgan Chase and Co. in September restricted payouts from its Indian funds holding Amtek Auto's bonds
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New Start Is Near for 130-Year-Old Stock Exchange

Wall Street Journal - 6 Nov 2015 01:19
The National Stock Exchange has submitted a final rule filing with the Securities and Exchange Commission and could restart trading as early as December.
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Walt Disney posted a 9 percent increase in overall sales and stronger operating income in its networks segment.
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Agricultural Giants Look to Join Forces

Wall Street Journal - 6 Nov 2015 00:55
Some of the world's largest agricultural companies are looking to combine with one another as three years of shriveling crop prices have pressured profits, in what would be the industry's first big shake-up in at least a...
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Goldman Sachs Brings Back Junior-Banker Program

Wall Street Journal - 6 Nov 2015 00:52
Goldman Sachs is making a renewed effort to keep its junior bankers happy. Just a few years after scrapping its two-year analyst program for investment bankers, the Wall Street firm is bringing back the program in revise...
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Wells Fargo to Pay $81.6 Million in Bankruptcy Settlement

Wall Street Journal - 6 Nov 2015 00:09
Wells Fargo has agreed to pay $81.6 million to settle claims it failed to notify thousands of bankrupt homeowners that it was increasing their mortgage payments in violation of federal bankruptcy law.
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At Fidelity China Fund, a Smaller Star Shines

Wall Street Journal - 6 Nov 2015 00:08
Low-key career Asia stock picker Dale Nicholls has thrived at the helm of Fidelity's London-listed China Special Situations fund since formally taking over 18 months ago.
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Thursday Sector Leaders: Consumer Products, Financial Looking at the sectors faring best as of midday Thursday, shares of Consumer Products companies are outperforming other sectors, up 0.7%. Within that group, Ralph Lauren Corp (NYSE: RL) and Fossil Group Inc (NASD: FOSL) ...
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Why Qualcomm Is Down But Not Out

Wall Street Journal - 5 Nov 2015 23:29
To win back investors, Qualcomm will need to prove the worst is over for its licensing business
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BCE has declared a quarterly dividend of $0.65 per common share, payable on January 15, 2016 to shareholders of record at the close of business on December 15, 2015.
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Thursday's ETF with Unusual Volume: SEA

Forbes - 5 Nov 2015 23:20
The Guggenheim Shipping ETF (SEA) is seeing unusually high volume in afternoon trading Thursday, with over 2.7 million shares traded versus three month average volume of about 27,000.  Shares of SEA were off about 0.1% ...
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Thursday's ETF Movers: KRE, GDX

Forbes - 5 Nov 2015 23:18
In trading on Thursday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 2% on the day.  Components of that ETF showing particular strength include shares of OFG Bancorp (OFG), up about 5.5%...
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