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Market News

Location American Market News for 17 December 2015

State Street Overbilled $200 Million Over 18 Years

Wall Street Journal - 17 Dec 2015 14:33
State Street overbilled certain clients over an 18-year period by roughly $200 million, the asset manager said, funds it intends to reimburse at the completion of its review.
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Oil And The Energy Sector; What's An Investor To Do? With the outlook for oil prices and anything affected by oil prices gloomy, there are some indications that the sector may prove to be a pleasant surprise for investors in 2016 and 2017.
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Notable Thursday Option Activity: CAT, PXD, LLTC Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Caterpillar Inc. (NYSE: CAT), where a total volume of 33,570 contracts has been traded thus far today, a co...
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Fed rate rise welcomed in markets around the world

livemint.com - 17 Dec 2015 16:29
Fed rate rise welcomed in markets around the world Japan's Nikkei 225 jumps 1.6%, Germany's DAX advances 3.2%%, the CAC-40 in France rises 2.3%
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Today was the first time an upward move by the Fed has been documented on Twitter. See how investors, economists and reporters enjoyed their three hours of rare trending relevance.
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Venezuela's central bank and the most prominent website publishing information on the country's currency black market are squaring off in U.S. court where this South American government is seeking the closure of the outl...
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Junk Bond Pullback Exposes Insurers

Wall Street Journal - 17 Dec 2015 23:36
A run-up in junk bonds since 2009 attracted even the most conservative of investors: insurance companies. But now these firms are among the many investors feeling the pain following a deep selloff.
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The Fed has finally raised the target Federal Funds rate by 25bps to the mid-point of the 0.25%-0.50% target range.  It has also provided the predictions of all FOMC members of the future path of the Federal Funds rate ...
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Why Fannie Mae Revival Hopes Are Withering on Capitol Hill

Wall Street Journal - 17 Dec 2015 22:51
Shares of Fannie and Freddie are in trouble thanks to a provision in Capitol Hill's omnibus spending deal.
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Awaken The Force With 'Star Wars' Stocks In Your Portfolio Even with all of the buildup, it's still difficult to overstate how big this movie will be. Make no mistake this is a full-blown phenomenon, one that is a perfect confluence of distribution, global hype and pop culture.
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Pier 1 Imports: E-Commerce Isn't the Only Problem

Wall Street Journal - 17 Dec 2015 22:27
Pier 1's same-store-sales decline show its problems extend beyond its own operational challenges.
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Darden's Feast Is Chipotle's Famine

Wall Street Journal - 17 Dec 2015 21:37
Olive Garden's recent renaissance coupled with Chipotle's tough times should bode well for Darden Restaurants.
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The era of easy money lives on even after Fed Reserve shift Even after Fed raised the target range for its lending interest rate, it is still way below its 2% average since 2000
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Mining stocks struggle despite US bounce for blue-chips The FTSE 100 lagged before its European peers as mining stocks dragged it lower.
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2016 critical for reforms ahead of political cycle: Dharmakirti Joshi Crisil chief economist Dharmakirti Joshi says the political cycle will take over after 2016 and further diminish the government's ability to push through reforms
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This move is likely to open up more options for enterprise customers, who will be able to use Junos on third-party hardware and third-party applications on Juniper?s hardware, in addition to Junos on the company?s propri...
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The Board of Directors of Zoetis has declared a first quarter 2016 dividend payable to holders of the company's common stock of $0.095 per share, an increase of 14.5% from the quarterly dividend rate paid in 2015. The di...
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In 2015, Expedia continued with its shopping spree just like the previous year. However, Expedia is also strengthening its various arms to gear up for further competition from traditional OTAs, as well as metasearch engi...
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Electric vehicles are quite the rage these days, fueled by growing environmental consciousness and alarming pollution levels, especially in China, which is expected to overtake the U.S. as the world?s largest electric ve...
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As per the earlier CRB guidelines, the Internet radio company was increasing its royalty rates by $0.0001 every year and the latest verdict reflects an increase of just $0.0003, while many expected it to be much higher, ...
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The anomaly behind the Fed's rate hike

livemint.com - 17 Dec 2015 20:46
The anomaly behind the Fed's rate hike The US Federal Reserve expectedly raised interest rates. But consider the strange timing of it all
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The company's cloud business achieved strong revenue growth as past bookings began translating to revenue in the second quarter. In the legacy on-premise software licenses business, update and support revenue grew nomina...
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