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Market News

Location American Market News for 10 November 2015

OPEC's Strategy Seen Potentially Backfiring

Wall Street Journal - 10 Nov 2015 06:00
OPEC's decision to abandon its strategy of controlling oil production to support prices could contribute to a sustained period of low crude prices and dent the group's own revenues, the International Energy Agency said.
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China Cuts and Cuts, but Not Deep Enough

Wall Street Journal - 10 Nov 2015 09:12
China has managed to bring down nominal interest rates, but in terms of actually relieving pressures on borrowers, the results are lackluster.
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Nasdaq 100 Movers: SWKS, VIP

Forbes - 10 Nov 2015 19:45
In early trading on Tuesday, shares of VimpelCom (VIP) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.1%.  Year to date, VimpelCom has lost about 15.6% of its value.
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Grain Prices Fall as Another Bumper Crop is Seen

Wall Street Journal - 11 Nov 2015 00:54
Grain and soybean prices tumbled to multiweek lows after the U.S. Department of Agriculture forecast larger domestic crops and supplies than analysts expected.
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Strong Dollar Will Give Fed Weak Feeling

Wall Street Journal - 11 Nov 2015 00:52
The Federal Reserve is aiming to raise rates in December, but with overseas weakness dragging on inflation, further moves may be slow to come.
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Hines's Brazil Business Mired in Probe

Wall Street Journal - 11 Nov 2015 00:40
Global property giant Hines said its head of Brazil operations resigned after the firm began investigating whether improper payments were made to win business with one of Brazil's largest companies.
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McDonald's Decides Against Spinning Off Real Estate Into REIT McDonald's will not spin off its real estate through a real estate investment trust, the company said on Tuesday at its annual investor meeting.
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Sebi halves listing timeline, attempts to add more market investors The regulator wants to broadbase reach of investors by substantially enhancing points for collection of applications meant for IPOs and other public floats
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5 Unconventional Books to Make You a Better Investor Most of us have read classic value investing books such as the "The Intelligent Investor" by Ben Graham and "The Most Important Thing," by Howard Marks. I’ve enjoyed reading those classics and learned tremendously fr...
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It's Raining on Macy's Holiday Parade

Wall Street Journal - 10 Nov 2015 23:29
Macy's battered shares could be due for a short-term lift, but weak fundamentals suggest investors shouldn't chase gains.
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Will Samvat 2072 lift investors' spirits?

livemint.com - 10 Nov 2015 23:20
Will Samvat 2072 lift investors' spirits? The performance of the markets in Samvat 2071 was the worst since Samvat 2066
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Political Risk Tests Europe's Mettle Again

Wall Street Journal - 10 Nov 2015 23:02
Political risk is making market waves in Europe again. But for once Greece isn't the main source of the turbulence, even with the latest tussle over the release of €2 billion in loans hitting the headlines this week.
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Priceline had a very successful third quarter despite currency headwinds dampening a part of its earnings. The main focus of the earnings call was Priceline's Booking.com's growth and how it is helping Priceline maintain...
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China remains the largest, and one of the fastest-growing solar markets in the world. The country is poised to install over 17 GW of new photovoltaic capacity this year, accounting for almost a third of projected global ...
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Why Dr Pepper Is Doing Better Than Coca-Cola And PepsiCo Dr Pepper Snapple is the perpetual third behind The Coca-Cola Company and PepsiCo in the U.S. carbonated soft drinks market, which has been shrinking for 10 consecutive years now, however CSDs still constitutes as much a...
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The technology giant has been building a self-driving car since 2009. Last year, it introduced a two-seat prototype that it built with the help of established suppliers like Bosch and Continental, and engineering firm Ro...
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Rockwell Automation (ROK) declared a quarterly dividend of 72.5 cents per share on the Company's common stock, payable on December 10, 2015 to shareowners of record at the close of business on November 23, 2015.
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Mining sector hit by weak copper prices and rating downgrade Market Report: Miners weigh on the FTSE 100 after copper eyes six-year lows and Barclays downgrades the sector.
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Tuesday's ETF with Unusual Volume: MLPA

Forbes - 10 Nov 2015 22:10
The MLP ETF (MLPA) is seeing unusually high volume in afternoon trading Tuesday, with over 864,000 shares traded versus three month average volume of about 122,000.  Shares of MLPA were down about 0.5% on the day.
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Tuesday's ETF Movers: ITB, GDX

Forbes - 10 Nov 2015 22:09
In trading on Tuesday, the iShares U.S. Home Construction ETF (ITB) is outperforming other ETFs, up about 1.6% on the day.  Components of that ETF showing particular strength include shares of DR Horton (DHI), up about ...
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In trading on Tuesday, shipping shares were relative laggards, down on the day by about 2.9%.  Helping drag down the group were shares of Safe Bulkers (SB), off about 25.8% and shares of Genco Shipping & Trading (GNK) d...
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In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 1.4%.  Leading the group were shares of DR Horton (DHI), up about 7.2% and shares of WCI Communities (WCIC) up a...
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