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Market News

Location American Market News for 6 November 2015
Institutional Shareholder Services said the price is too low for the deal, which would create a business-services giant.
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In my last article, I wrote about distinguishing the portfolio you want (i.e., the “magic portfolio” with low fees, always beats the market and never loses money) from the portfolio you need. While there are many app...
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Italy's Economy: Turning the Corner

Wall Street Journal - 6 Nov 2015 15:50
Italy's growth record in the euro has been miserable. Finally, conditions for the future look brighter.
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IDFC Bank shares erase initial gains to trade lower on listing At 1.23pm, the IDFC Bank stock was trading at Rs70 apiece, down 0.7% from its opening price, according to NSE
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Over the years, Pandora Media's biggest concern has been the royalties it pays to artists, labels and songwriters for their music rights. The company's stock has been down close to 35% since it released its Q3 earnings, ...
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China Auto Giant's Tesla Dreams Are Hard to Fathom

Wall Street Journal - 6 Nov 2015 14:21
China auto maker SAIC's capital raise, and electric vehicle plans, should cause investors to distance themselves, not draw closer.
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OPEC Members at Odds Over Long-Term Goals

Wall Street Journal - 7 Nov 2015 00:27
OPEC has delayed completing its internal report on long-term strategy as tensions deepen among members over an extended oil-price slump, according to delegates to the group.
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Pimco Fallout Continues to Pressure Allianz

Wall Street Journal - 6 Nov 2015 12:42
German insurer Allianz is sticking with its full-year profit outlook despite continuing pressure on earnings from its Pacific Investment Management Co. business, known as Pimco.
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Warren Buffett's Berkshire Hathaway Co. is expected to report record third-quarter earnings thanks to a one-time accounting gain related to this year's merger of Kraft Heinz Co., in which it remains the biggest sharehold...
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Ex-Dividend Reminder: PACCAR, MSCI and Bloomin' Brands Looking at the universe of stocks we cover at Dividend Channel, on 11/10/15, PACCAR Inc. (NASD: PCAR), MSCI Inc (NYSE: MSCI), and Bloomin' Brands Inc. (NASD: BLMN) will all trade ex-dividend for their respective upcoming...
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Jobs Report and the Fed: Liftoff Won't Take Rates to the Moon

Wall Street Journal - 7 Nov 2015 01:27
The employment report strengthened the case for the Federal Reserve to raise rates in December. But higher bond yields and dollar strength will make it cautious before tightening a second time.
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In trading on Friday, consumer services shares were relative leaders, up on the day by about 2.5%.  Leading the group were shares of Weight Watchers International (WTW), up about 35.7% and shares of Press Ganey Holdings...
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UK industrial output falls, trade drags on economic growth, the office for national statistics (ONS) in London said The revision has a negligible effect on the 0.5% economic growth estimate
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Friday Sector Leaders: Technology & Communications, Financial Looking at the sectors faring best as of midday Friday, shares of Technology & Communications companies are outperforming other sectors, higher by 1.1%. Within that group, Qorvo Inc (NASD: QRVO) and NVIDIA Corp (NASD: NV...
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Two dead after dam owned by BHP Billiton's Samarco mine bursts Shares in BHP Billiton slumped after a dam which it part-owns in Brazil burst on Thursday evening
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Shares of power focused lenders fall on interest income hit PFC fell as much as 11.05% to Rs224.15, while REC down as much as 12.8% to Rs232
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This 'smart' investment has made a 52pc profit in three years: Is it enough? The Opportunist: Yet more research suggests tracker funds that lean toward high income or alternative measures may offer bigger returns
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China to resume IPOs by year-end as stocks enter bull market The resumption suggests authorities are becoming more confident the stock market can stand on its own after the Shanghai Composite Index rallied back into a bull market this week
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Short Sellers, Activists Go After Bigger Fish

Wall Street Journal - 6 Nov 2015 14:27
Short sellers and activist-research firms in Asia are taking on higher-profile targets as an economic slowdown exposes weak points in companies' finances.
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SBI asset quality improves, but don't read too much into it SBI refinanced `3,900 crore under the 5/25 scheme, which points to underlying stress in corporate balance sheets
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Sebi grants Essar Oil an extension on proposed delisting Sebi allows company to make the final application for delisting within two months of Friday's order
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Groupon's Shares Plummet On Weak Outlook

Forbes - 6 Nov 2015 17:38
With Rich Williams as the new CEO, the company aims to undertake a series of bold measures, such as significantly raising marketing investments, restructuring international portfolio, and moving away from certain low-mar...
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