Market News
Singapore Developer of Alzheimer's Drug Plans U.S. IPO
Wall Street Journal - 31 Dec 2015 12:03
TauRx, a Singaporean company focused on developing treatments for Alzheimer's disease, has invited banks to pitch for a mandate to advise it on a potential public offering.
1MDB Sells Majority Stake in Real-Estate Project for $1.7 Billion
Wall Street Journal - 31 Dec 2015 04:45
1Malaysia Development agreed to sell a majority stake in Bandar Malaysia, a real-estate project in Kuala Lumpur, to a consortium that includes a state-owned Chinese company, for about $1.7 billion.
Ten Years After Blowup, Amaranth Investors Wait to Get Money Back
Wall Street Journal - 31 Dec 2015 04:30
Amaranth Advisors was one of the biggest hedge-fund blowups in history. Now, the fallen fund is approaching a new milestone: a decadelong wait to give investors back what remains of their money.
How 2015's Flat Stock Market Boosts 2016's Prospects
Forbes - 31 Dec 2015 22:18
2015 saw a shift in investor attitudes from complacency/optimism to uncertainty/concern. The latter environment holds down stock prices, thereby offering higher potential returns in 2016.
New Year's Resolutions: 5 Goals To Boost Your Financial Health in 2016
IBTimes - 31 Dec 2015 21:54
Last year, during the two weeks surrounding New Year's Day, the most searched for "how-to" question was how to get rid of stress, according to Google. Stress comes in many different forms, and financial anxiety is one of...
Berkowitz Boosts Sears Holdings Position After Turning Activist
Forbes - 31 Dec 2015 21:52
Bruce Berkowitz (Trades, Portfolio) increased his shareholding of Sears Holdings Corp. after announcing a more active role in the company as its stock price slipped 39% this year in its third under leadership of CEO and ...
Thursday Sector Leaders: Energy, Financial
Forbes - 31 Dec 2015 21:40
In afternoon trading on Thursday, Energy stocks are the best performing sector, up 1.9%. Within that group, Southwestern Energy Company (NYSE: SWN) and Range Resources Corp (NYSE: RRC) are two large stocks leading the wa...
Thursday Sector Laggards: Technology & Communications, Consumer Products
Forbes - 31 Dec 2015 21:39
In afternoon trading on Thursday, Technology & Communications stocks are the worst performing sector, showing a 0.5% loss. Within the sector, Skyworks Solutions, Inc. (NASD: SWKS) and Apple Inc (NASD: AAPL) are two large...
Noteworthy Thursday Option Activity: MCK, GOOGL, GOOG
Forbes - 31 Dec 2015 21:38
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in McKesson Corp. (NYSE: MCK), where a total volume of 20,381 contracts has been traded thus far today, a cont...
Symantec: Year 2015 in Review
Forbes - 31 Dec 2015 20:38
The year 2015 was a turning point for security software major Symantec Corp.. The highlight of the year was Symantec's agreement to sell its information management business, renamed Veritas after the deal, to private equ...
Raising Subscription Rates: Will Dish Network Lose More Subscribers In 2016?
Forbes - 31 Dec 2015 20:36
Dish Network is expected to increase subscription charges by $2 to $8 per month starting January 2016, in line with a similar increase by other Pay-TV networks such as Time Warner Cable and AT&T's U-Verse. Higher program...
American Eagle Outfitters: 2015 In Review
Forbes - 31 Dec 2015 20:34
With consistent efforts to revamp its offerings throughout the year, American Eagle finally managed to get its portfolio inline with customer preferences, which was evident from its Q3 results. It even made significant p...
Noteworthy Thursday Option Activity: CRM, YUM, JPM
Forbes - 31 Dec 2015 20:24
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Salesforce.com Inc (NYSE: CRM), where a total volume of 16,539 contracts has been traded thus far today, a ...
Thursday's ETF Movers: XOP, XLU
Forbes - 31 Dec 2015 19:51
In trading on Thursday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 2% on the day. Components of that ETF showing particular strength include shares of California Resou...
Thursday Sector Laggards: Water Utilities, Education & Training Services
Forbes - 31 Dec 2015 19:47
In trading on Thursday, water utilities shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Consolidated Water Company (CWCO), off about 4% and shares of American Stat...
Thursday Sector Leaders: Oil & Gas Exploration & Production, Shipping Stocks
Forbes - 31 Dec 2015 19:42
In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Legacy Reserves (LGCY), up about 13.4% and shares of Exco Resources (...
Apple Looks To Close Out 2015 On A Losing Note
Forbes - 31 Dec 2015 19:05
Same as it ever was for Apple
S&P 500 Analyst Moves: COL
Forbes - 31 Dec 2015 19:00
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Rockwell Collins (COL) is now the #73 analyst pick, moving up by 4 spots.
Dow Analyst Moves: CAT
Forbes - 31 Dec 2015 18:58
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Caterpillar (CAT) is the #30 analyst pick. Within the broader S&P 500, when ...
Big Pharma: Dealing With Fewer Biotech Targets
Wall Street Journal - 31 Dec 2015 18:43
Don't expect an epic run of pharma deal-making to end just yet.
Crédit Agricole to Pay $99 Million Penalty to Department of Justice
Wall Street Journal - 31 Dec 2015 18:35
The Swiss unit of French bank Crédit Agricole said it has agreed to pay a $99 million penalty to the U.S. Department of Justice as part of a nonprosecution agreement over its conduct toward U.S. taxpayers.
T-Mobile: Who Needs a Cable Company Anyway?
Wall Street Journal - 31 Dec 2015 18:28
T-Mobile's offer of free wireless data for video-streaming services could presage a world in which more people cut the cord on both pay-TV and broadband.