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Market News

Location American Market News for 31 December 2015

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.
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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.
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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.
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How 2015's Flat Stock Market Boosts 2016's Prospects 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.
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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...
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Berkowitz Boosts Sears Holdings Position After Turning Activist 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 ...
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Thursday Sector Leaders: Energy, Financial

Forbes - 31 Dec 2015 21:40
Thursday Sector Leaders: Energy, Financial 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...
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Thursday Sector Laggards: Technology & Communications, Consumer Products 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...
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Noteworthy Thursday Option Activity: MCK, GOOGL, GOOG 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...
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The New York Times Company has made an attempt to bring virtual reality closer to homes with the recent launch of its app, NYT VR. With the NYT VR app, New York Times plans to lay a foundation for using virtual reality a...
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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...
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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...
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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...
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Thursday's ETF with Unusual Volume: RLY

Forbes - 31 Dec 2015 19:53
The SPDR SSGA Multi-Asset Real Return ETF (RLY) is seeing unusually high volume in afternoon trading Thursday, with over 304,000 shares traded versus three month average volume of about 61,000. Shares of RLY were up abou...
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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...
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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...
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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 (...
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Turbulent FTSE in worst year since 2011

Telegraph - 31 Dec 2015 19:14
Turbulent FTSE in worst year since 2011 Market volatility wipes £80bn off country's top firms
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Same as it ever was for Apple
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Indian business expansion talks send Vodafone to top of FTSE After a turbulent 12 months the FTSE 100 closes at 6,242.32
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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.
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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 ...
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