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Market News

Location American Market News for 23 November 2015

Asian Shares Mostly Higher

Wall Street Journal - 23 Nov 2015 07:08
Australian shares are nearing their highest level since late October on Monday, though falling commodities prices muted gains triggered by stimulus hopes in Europe.
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Why the government's gold scheme did not work

livemint.com - 24 Nov 2015 01:00
Why the government's gold scheme did not work Investors are postponing their investment-based purchases in the yellow metal because of lower yields
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Tilton Seeks Bankruptcy Protection for Fund

Wall Street Journal - 23 Nov 2015 07:10
Lynn Tilton's Patriarch Partners filed involuntary chapter 11 bankruptcy petitions against Zohar-I, a part of her investment operation that has been caught up in a fight with bond insurer MBIA Inc.
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Seven in 10 American shoppers are using either cash or a debit card to pay for most of their holiday shopping this year. According to a survey of 1,000 shoppers by Bankrate.com, 39 percent of Americans plan to buy gifts ...
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The $4.8 billion Fairholme Fund expects to pay out between $11 and $11.75 a share in capital gains.
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Govt bonds oversubscribed as FPIs put in bids worth Rs521 crore At the end of a two-hour auction on Monday evening, 18 bids were declared successful
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Pfizer and Allergan: How the Deal Adds Up

Wall Street Journal - 24 Nov 2015 00:59
The $155 billion combination of Pfizer and Allergan will face some hurdles. Price doesn't seem to be one of them
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Recent track-record belies hype in wind energy

livemint.com - 24 Nov 2015 00:57
Recent track-record belies hype in wind energy While the renewed interest in wind energy is encouraging, the underwhelming performance of the sector in recent years calls for caution
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Baltic Dry Index hits 30-year low

livemint.com - 24 Nov 2015 00:49
Baltic Dry Index hits 30-year low The BDI, a measure of shipping rates, fell to 498 points on Friday, signalling that the recovery of the world economy is some distance away
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Don't Get Scalded by Campbell Soup

Wall Street Journal - 24 Nov 2015 00:35
Slowing sales and a chunky valuation suggest Campbell needs to cool off before investors take another spoonful
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The Federal Reserve's point man on bank regulation said the central bank's annual stress tests are likely to get harder for the very largest banks.
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Jarden Corporation Destroys Shareholder Value While Making Insiders Rich Jarden Corporation (JAH) is executing a roll-up scheme that lines the pockets of insiders and Wall Street banks while destroying shareholder value.
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Monday Sector Leaders: Consumer Products, Energy The best performing sector as of midday Monday is the Consumer Products sector, up 0.9%. Within that group, Tyson Foods, Inc. (NYSE: TSN) and Kellogg Co (NYSE: K) are two large stocks leading the way, showing a gain of 9...
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What Elliott Is Up to at Alcoa

Wall Street Journal - 23 Nov 2015 22:58
Activist investor Elliott Management is used to shaking things up but that might not be why it has disclosed a stake in Alcoa
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A European regulator is examining 45 potential cases of abuse in one of the world's largest energy markets, but faces a big hurdle in pursuing them: Many countries aren't prosecuting the alleged wrongdoing.
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Wheat Futures Contracts Hurt by Full French Silos

Wall Street Journal - 23 Nov 2015 07:36
Three wheat silos in France that store the grain that underpins Europe's benchmark wheat futures contract are full. This means that buyers can't cash in their futures contracts and instead they have to roll over into new...
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Defence companies gain after Cameron's pledge on spending Market Report: Defence stocks jump on SDSR, while commodity stocks hit as copper slumps to six-and-a-half year lows.
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Community Bank System (CBU) declared a quarterly cash dividend of $0.31 per share on its' common stock. The dividend will be payable on January 11, 2016 to shareholders of record as of December 15, 2015.
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Focus on the online sales channel, digital initiatives, and revival of its travel retail channel, will be the key drivers for Estee Lauder?s growth in the future. While travel retail showed tremendous growth in 2014, the...
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Brokerage firm TD Ameritrade reported a sustained period of higher trade volumes in the latter half of its fiscal 2015 ended September. Average daily trade volumes were up by 8% and 19% on a y-o-y basis for the quarters ...
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Groupon, Zynga, and Baidu saw significant developments over the past week. Groupon exited four key Nordic markets, amidst its ongoing efforts to trim its international portfolio, while Baidu announced its entry into the ...
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Q3 2015 U.S. Investment Banking Round-Up: Equity Trading The third quarter of 2015 was a mixed period for the equity trading business. The slump in equity markets around the globe ? which was quickly followed by a strong rally ? drove demand for trading services. While investm...
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