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Market News

Location American Market News for 18 November 2015

China's Banks Test U.S. Legal System

Wall Street Journal - 18 Nov 2015 09:00
A U.S. federal judge has ordered Bank of China to turn over account records tied to a luxury-goods counterfeiting case, but the lender says that would violate Chinese law.
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Japan Shares Rise on Weak Yen

Wall Street Journal - 18 Nov 2015 06:55
Japan shares led most Asian markets higher Wednesday as the yen touched its weakest level against the U.S. dollar in more than a week.
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The brand known for its coffee makers posted EPS of 85 cents per share, versus 70 cent estimates.
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Wall Street Ends Up Sharply After Fed Minutes

IBTimes - 19 Nov 2015 01:35
(Reuters) -- U.S. stocks closed higher on Wednesday and investors appeared positively inclined toward higher rates after minutes from the Federal Reserve October meeting showed a solid core of officials rallied behind a ...
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Will the Silicon Valley Startup Story Spread?

Wall Street Journal - 19 Nov 2015 01:05
The pace of business startups has been slow, holding back wages, but that might be changing.
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SINA/Weibo at bat this afternoon.
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U.S. Tech Startups Head to Australia for IPOs

Wall Street Journal - 19 Nov 2015 00:30
Some Silicon Valley startups are going to Australia to raise capital with IPOs, as a chill has descended on tech offerings at home.
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Wednesday Sector Laggards: Utilities, Energy The worst performing sector as of midday Wednesday is the Utilities sector, higher by 0.2%. Within that group, NextEra Energy Inc (NYSE: NEE) and Public Service Enterprise Group Inc. (NYSE: PEG) are two large stocks that...
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Wednesday Sector Leaders: Materials, Consumer Products Looking at the sectors faring best as of midday Wednesday, shares of Materials companies are outperforming other sectors, higher by 1.6%. Within that group, CONSOL Energy Inc (NYSE: CNX) and Nucor Corp. (NYSE: NUE) are t...
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ConAgra Split: Second Helpings Don't Help

Wall Street Journal - 18 Nov 2015 23:58
ConAgra's move to split itself in two doesn't pave a clear path toward value creation for its investors.
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Fed Minutes: December 'Could Well Be' Time for Rate Hike

Wall Street Journal - 18 Nov 2015 23:55
Federal Reserve officials meeting last month anticipated it "could well be" time to raise short-term interest rates at a December policy meeting after keeping them pinned near zero for seven years.
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Crude Turns Higher After Fed Minutes

Wall Street Journal - 18 Nov 2015 23:54
Oil prices turned higher after the Federal Reserve released minutes from its October meeting.
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Chip-Industry Merger Bash: Why This Party Isn't Over

Wall Street Journal - 18 Nov 2015 23:47
ON Semiconductor's $2.4 billion deal for Fairchild is the latest merger in the semiconductor space. It won't be the last
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Madoff Investors to Get Over $1 Billion in Added Recoveries

Wall Street Journal - 18 Nov 2015 22:58
Two judges on Wednesday approved a $1 billion-plus payout to victims of Bernard Madoff's massive Ponzi scheme, including those who invested with New York money manager J. Ezra Merkin.
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Cliffs' Northshore Mine The Latest Casualty Of Weakness In Domestic Steel Demand The fully-owned Northshore Mining operations accounted for nearly a quarter of Cliffs' share of its 25.5 million tons U.S. iron ore production capacity at the end of 2014. This decision follows the company's decision to ...
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We believe that the brand delivered an even better performance in the third quarter, results for which are scheduled to come out on November 20th. We also expect better results from Abercrombie's mainline brand, which di...
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A whirlwind has surrounded Germany's largest automaker, Volkswagen AG , since the news of false emission results broke out in mid-September, and the initial impact of this scandal can be seen in the fall in the group's v...
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China Slowdown A Threat To Caterpillar's Valuation Caterpillar's share price has witnessed a sharp decline of over 30% year to date. This can primarily be attributed to low end user demand for construction and mining equipment, which has weighed on the company's earnings...
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Tremendous growth in mobile internet penetration in Chinese rural areas, international expansion and the opportunity in the cloud computing business are likely to be the key growth drivers for Alibaba going forward. The ...
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Johnson Controls (JCI) has increased the regular quarterly dividend to $0.29 per share of common stock, an increase of 11.5 percent. The newly increased quarterly dividend will be paid on Jan. 5, 2016 to shareholders of ...
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Wednesday's ETF with Unusual Volume: AOM

Forbes - 18 Nov 2015 22:09
The iShares Core Moderate Allocation ETF (AOM) is seeing unusually high volume in afternoon trading Wednesday, with over 1.2 million shares traded versus three month average volume of about 92,000.  Shares of AOM were u...
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Wednesday's ETF Movers: PJP, GDXJ

Forbes - 18 Nov 2015 22:08
In trading on Wednesday, the PowerShares Dynamic Pharmaceuticals Portfolio ETF (PJP) is outperforming other ETFs, up about 1.8% on the day.  Components of that ETF showing particular strength include shares of Akorn (AK...
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