Market News
KKR Learns Harsh Lesson From Energy Bets
Wall Street Journal - 10 Feb 2016 22:54
KKR learned that oil and debt don't mix after falling commodity prices doomed two of its biggest investments: the multibillion-dollar buyouts of power producer TXU and oil explorer Samson Resources.
What's Going On in the Markets? 5 Theories to Explain the Chaos
Wall Street Journal - 10 Feb 2016 22:30
The size of price moves across asset classes and the rise of volatility this year have left investors grasping for an overarching thesis, leading to the rise of multiple explanations. Here are five theories.
Deutsche Bank's Stock Price Recovery Is Not What It Seems
Forbes - 10 Feb 2016 21:32
After collapsing to a record low on Tuesday February 9th, Deutsche Bank came “roaring back”. Late that day, its management announced that it was considering buying back its own senior debt. This provided some reassur...
Whole Foods Revenue Rises As It Woos Cost-Conscious Shoppers
Forbes - 10 Feb 2016 23:41
Shares of Whole Foods climbed briefly in after-hours trading on Wednesday after the high-end grocer beat Wall Street estimates on both its top and bottom line.
Cuomo Asks Regulators to Block KeyCorp's Acquisition of First Niagara
Wall Street Journal - 10 Feb 2016 23:21
New York Gov. Andrew Cuomo asked federal regulators to block KeyCorp's proposed buyout of First Niagara and threatened legal action, saying the deal would be devastating for Upstate New York.
Cisco shares jump more than 6% on earnings beat
CNBC - 10 Feb 2016 23:06
Cisco Systems reported better-than-expected results Wednesday, posting fiscal second-quarter earnings of 57 cents per share.
Yellen's Perfect Hedge
Forbes - 10 Feb 2016 22:55
Janet Yellen spent most of the day testifying on Capitol Hill and, once again, she placed the perfect hedge. Dr. Yellen said she is aware of the broader risks that may adversely affect the economy. Even with those risks,...
Race Car Driver Scott Tucker Charged With Running Fraudulent Payday Lending Operation
Wall Street Journal - 10 Feb 2016 22:50
Federal prosecutors charged amateur race-car driver Scott Tucker and his attorney Wednesday with running a fraudulent payday lending operation that allegedly overcharged customers hundred of millions in undisclosed fees.
Canada Banking Regulator Seizes Assets of Domestic Maple Bank Branch
Wall Street Journal - 10 Feb 2016 22:45
Canada's top banking regulator said it had temporarily taken control of the assets of Maple Bank's Canadian branch, just days after Germany's financial watchdog effectively closed Maple Bank.
Broken-Up AIG Isn't Any Better
Wall Street Journal - 10 Feb 2016 22:39
Calls to break up AIG seem less convincing as interest rates fall and the more diversified company outperforms some peers.
Notable Wednesday Option Activity: BKS, SSNC, MYL
Forbes - 10 Feb 2016 22:36
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Barnes & Noble Inc (NYSE: BKS), where a total volume of 17,569 contracts has been traded thus far toda...
Yellen Holds Interest-Rate Cards Close to Her Vest
Wall Street Journal - 10 Feb 2016 22:33
Fed Chairwoman Janet Yellen wisely refused to paint the Fed into a corner even as markets think odds of any further rate increases in 2016 are low.
Google's Cars Now Qualify As Their Own Drivers
Forbes - 10 Feb 2016 22:29
Can a computer be a driver? The Obama administration says yes.
Daily Dividend Report: TWX, WU, OC, GAS, UNH, SYK, PRU, CMI
Forbes - 10 Feb 2016 22:11
Time Warner (TWX) has approved a fifteen percent increase in the Company's regular quarterly cash dividend. On an annual basis, Time Warner's regular cash dividend on its Common Stock will grow from $1.40 per share to $1...
Will Twitter Flat-Line Post Earnings Tonight Despite The Angst?
Forbes - 10 Feb 2016 22:04
A whole lot of nothing?
Bondholder Group Rejects Puerto Debt-Swap Plan
Wall Street Journal - 10 Feb 2016 22:01
A group of Puerto Rico bondholders sent a counterproposal to the U.S. commonwealth's proposed bond swap, the latest twist in a long-running battle over the island's debt.
Deflation or inflation? Take your pick
livemint.com - 10 Feb 2016 21:34
While inflation according to GVA deflator is expected to come down in the March quarter, GDP deflator indicates it'll go up to 2.2% from 1.8% in the December quarter
Wednesday Sector Leaders: Healthcare, Technology & Communications
Forbes - 10 Feb 2016 21:34
Looking at the sectors faring best as of midday Wednesday, shares of Healthcare companies are outperforming other sectors, higher by 2.4%. Within that group, Henry Schein, Inc. (NASD: HSIC) and PerkinElmer, Inc. (NYSE: P...
'Institutional Dignity' of Fed Was At Stake; Now Living with Consequences - Jim Grant
Forbes - 10 Feb 2016 21:33
All eyes were on Fed chair Janet Yellen's testimony before Congress Wednesday to see if current financial conditions will delay the central bank's tightening cycle.
We're in the same boat brother
livemint.com - 10 Feb 2016 21:26
Despite India's supposed strength as a relatively closed economy catering to domestic demand and its obvious advantage as a commodity importer in times of falling oil and raw material prices, local stocks haven't been im...
ISIS, China's Downturn And More Global Issues Explained In Videos
Forbes - 10 Feb 2016 21:19
George Friedman is one of the world’s best-known geopolitical forecasters. The former CIA operative and founder of Stratfor has consulted with numerous global organizations and written several best-selling books.
Think Strategically, Invest Globally
Forbes - 10 Feb 2016 21:19
Over the past five years, international stocks have underperformed U.S. stocks by a substantial margin. Emerging market stocks in particular have disappointed investors since 2009. At this point, investors may wonder whe...