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Market News

Location American Market News for 4 April 2016
Global market shocks from China will only increase: IMF IMF said developments in emerging markets now account for up to 40% of the variation between stock market returns and exchange rate fluctuations worldwide
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Live: Sensex, Nifty edge higher ahead of RBI policy meet The sensex is trading higher by 112.47 points, or 0.45%, to 25,382.11, while the Nifty rises 29.85 points, or 0.39%, to 7,742.90
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BlackBerry Posts A Mixed Q4 As Hardware & SAF Revenues Lag BlackBerry published a mixed set of Q4 FY 2016 earnings results on Friday April 1, missing market expectations on revenues although its net loss was smaller than expected.
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Why Nielsen's TV Data Just Got Harder to Beat

Wall Street Journal - 4 Apr 2016 22:02
Nielsen's deal with Dish Network will help it improve its ratings system and silence some of its many critics.
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SunEdison: Looking for Life in Its Orbit

Wall Street Journal - 4 Apr 2016 22:01
SunEdison appears headed for a bankruptcy filing, but investors are sniffing around its affiliated yieldcos. TerraForm Power appears to be the safer bet.
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Sebi panel backs action against NSE

livemint.com - 4 Apr 2016 21:45
Sebi panel backs action against NSE Regulator Sebi's technical advisory panel finds evidence that some traders had unfair access to market data and trading systems
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PMI data and core CPI numbers show higher inflation

livemint.com - 4 Apr 2016 20:59
PMI data and core CPI numbers show higher inflation The latest data suggests that with signs of improvement in the manufacturing sector and with higher output prices, while RBI is still expected to cut rates, there is need for a degree of caution
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Why Walgreens Hasn't Escaped Its Rut

Wall Street Journal - 4 Apr 2016 20:48
Walgreens doesn't shy away from bold moves. But ahead of its quarterly report, what shareholders really need are bold results.
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Monday Sector Leaders: Healthcare, Energy

Forbes - 4 Apr 2016 20:42
Monday Sector Leaders: Healthcare, Energy In afternoon trading on Monday, Healthcare stocks are the best performing sector, up 1.3%. Within that group, Edwards Lifesciences Corp (NYSE: EW) and Vertex Pharmaceuticals, Inc. (NASD: VRTX) are two of the day's stand-...
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Sovran Self Storage (SSS) announced an increase in the Company's quarterly common stock dividend from $0.85 per share to $0.95 per share or $3.40 to $3.80 annualized. The increase is effective with the quarterly dividend...
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U.S. Sues Jeffrey Ubben's ValueAct Hedge Fund For Violating Antitrust Disclosure Rules Jeffrey Ubben’s ValueAct Capital has been sued by the U.S. government for violating antitrust law in connection with the hedge fund’s purchase of $2.5 billion of Halliburton and Baker Hughes shares.
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Government bonds oversubscribed; FPIs bid worth Rs8,541 crore The auction was held on NSE's e-bid platform for allocation of FPIs investment limits in government debt securities worth `6,096 crore
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Average mutual fund AUMs scale new highs in March quarter ICICI Prudential outpaces HDFC Mutual Fund to become top fund in asset terms
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Monday's ETF with Unusual Volume: PEZ

Forbes - 4 Apr 2016 19:27
The PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (PEZ) is seeing unusually high volume in afternoon trading Monday, with over 791,000 shares traded versus three month average volume of about 59,000. Shares o...
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Monday's ETF Movers: XBI, ILF

Forbes - 4 Apr 2016 19:26
In trading on Monday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Celldex Therapeutics (CLDX), up about 11.1%...
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In trading on Monday, precious metals shares were relative laggards, down on the day by about 2.7%. Helping drag down the group were shares of Gold Fields (GFI), off about 7.4% and shares of Great Panther Silver (GPL) of...
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In trading on Monday, drugs shares were relative leaders, up on the day by about 3.4%. Leading the group were shares of Flexion Therapeutics (FLXN), up about 17.5% and shares of Cytrx (CYTR) up about 15.2% on the day.
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Air Alaska-Virgin Deal: Why Investors Should Get on Board

Wall Street Journal - 4 Apr 2016 19:12
Alaska Air's acquisition of Virgin America is a necessary response to industry consolidation.
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Some Experts Take A Cooler Look At Tesla Prospects, But Stock Price Zooms Investor euphoria pushed Tesla Motor's stock price higher following the ecstatic reaction to the reveal of the Model 3 prototype Thursday, but there were some voices of caution to be heard. The Model 3 is Tesla's first a...
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Last month was a quiet watershed in debt capital market history, reversing the decades-old, untrammeled legal privilege of rating agencies to express their credit views.
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US stocks fall, oil prices seesaw

livemint.com - 4 Apr 2016 17:35
US stocks fall, oil prices seesaw Dow Jones industrial average slips 0.3%, Standard & Poor's 500 down 0.3%
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Deutsche Bank and Credit Suisse: Here Come the Hard Yards

Wall Street Journal - 4 Apr 2016 17:15
These two European investment banks are facing their biggest restructuring challenges at the worst possible time.
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