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Market News

Location American Market News for 1 February 2016

Sebi keeps RBL Bank share sale in abeyance

livemint.com - 1 Feb 2016 22:12
Sebi keeps RBL Bank share sale in abeyance Sebi keeps the share sale in abeyance due to past violation by RBL Bank
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Cincinnati Financial Corporation (CINF) declared a 48-cents-per-share regular quarterly cash dividend, increasing from the previous 46-cents-per-share dividend paid on January 15, 2016. The dividend is payable April 15, ...
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Monday's ETF with Unusual Volume: PTH

Forbes - 1 Feb 2016 21:51
The PowerShares DWA Healthcare Momentum Portfolio ETF (PTH) is seeing unusually high volume in afternoon trading Monday, with over 1.4 million shares traded versus three month average volume of about 41,000. Shares of PT...
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Is a major upside number for gold in the cards? Or is the choppy action making investors wary?
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Monday's ETF Movers: GDXJ, XOP

Forbes - 1 Feb 2016 21:45
In trading on Monday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 2.4% on the day. Components of that ETF showing particular strength include shares of McEwen Mining (MUX), up about 8.1% and s...
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In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 5.1%. Helping drag down the group were shares of Denbury Resources (DNR), off about 19.9% and shares of Cal...
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In trading on Monday, precious metals shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of McEwen Mining (MUX), up about 8.1% and shares of Golden Star Resources (GSS) up about 7.1%...
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Monday Sector Laggards: Energy, Financial

Forbes - 1 Feb 2016 21:39
Monday Sector Laggards: Energy, Financial Looking at the sectors faring worst as of midday Monday, shares of Energy companies are underperforming other sectors, showing a 3.4% loss. Within that group, Kinder Morgan Inc. (NYSE: KMI) and Chesapeake Energy Corp. (N...
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Monday Sector Leaders: Utilities, Services

Forbes - 1 Feb 2016 21:38
Monday Sector Leaders: Utilities, Services Looking at the sectors faring best as of midday Monday, shares of Utilities companies are outperforming other sectors, up 0.8%. Within that group, CenterPoint Energy, Inc (NYSE: CNP) and Duke Energy Corp (NYSE: DUK) are ...
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ECB Bid to Revive Securitized Debt Market Falls Short

Wall Street Journal - 1 Feb 2016 21:19
A multibillion euro attempt by the European Central Bank to revive the market in securitized debt has fallen flat, highlighting the bank's struggle to boost stubbornly low levels of lending in the euro area.
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Core sector growth much less in current fiscal year

livemint.com - 1 Feb 2016 21:02
Core sector growth much less in current fiscal year Core sector growth is much lower, at 1.9%, in the first nine months of the current fiscal year, compared with the year-ago period
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Dominion Gets A Great Deal But Questar's Board Should Have Gotten More Dominion Resources' all-cash bid to buy Questar Corporation for $25/share--a 22% premium over Friday's closing price--was the highlight of today's unusually quiet Merger Monday. M&A bankers may have been spooked by a tou...
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UPS is set to announce its Q4 and full year earnings on Tuesday, February 2nd. 2015 was a busy year for the company, between a significant acquisition, a a 10-year deal with Cargojet operational improvement initiatives i...
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2015 Earnings Review: JetBlue's Earnings More Than Double As Fuel Costs Remain Low JetBlue Airways’ (NASDAQ: JBLU) stock price traded 7% higher on Friday, after the airline posted stellar full year 2015 financial performance, backed by rapid capacity expansions and sustained decline in fuel costs dur...
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Gold prices ended the U.S. day session higher and poked to a three-month high Monday.
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We expect the satellite radio company Sirius XM to report another quarter of sturdy subscriber growth, when it comes out with its Q4 2015 earnings on February 2nd.  Steady growth in new car sales and inroads into the u...
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Yahoo! is set to report its fourth-quarter results on Tuesday, January 26th.  The stock continues to under-perform the market, having declined by over 12% over last three months. In contrast, the NASDAQ composite index ...
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Tech Mahindra: subdued revenues mask operational improvements in Q3 The company's December quarter results will not lead to a reversal of the underperformance of the stock
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Abbott's Deal for Alere Tests Positive

Wall Street Journal - 1 Feb 2016 20:08
Abbott's deal for Alere is a surprise, but modest valuation limits the risk.
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Oil Prices Drop as Output Cut in Doubt

Wall Street Journal - 1 Feb 2016 19:07
Oil prices are falling Monday, giving back a big chunk of last week's gains as traders lose hope that the world's big producers will cut their output.
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Fee Hike at British Golf Club Tees Off Revolt Among Members

Wall Street Journal - 1 Feb 2016 19:04
Several members of Wentworth Club, one of England's most exclusive golf and country clubs, are furious with their Chinese owners for hiking fees and slashing membership.
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Banks' Cost-Cutting Efforts Crimp New Hires

Wall Street Journal - 1 Feb 2016 18:59
When Barclays hired a new chief risk officer last week, Chief Executive Jes Staley had to override a firm-wide ban on adding new staff to the payroll. HSBC has also imposed a hiring freeze.
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