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Market News

Location American Market News for 19 May 2016
IDFC PE partially exits Parag Milk Foods through IPO, earns Rs180 crore IDFC PE will continue to hold 7% stake in Parag Milk Foods
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European Tour Operators Caught in the Geopolitical Crossfire

Wall Street Journal - 19 May 2016 18:22
Shares in package-holiday specialist Thomas Cook took a dive Thursday after it warned that troubles in Turkey would hit its full-year profits.
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Meet Mr. Monaco

CNN - 19 May 2016 15:24
Jackie Stewart pays tribute to his former teammate, five-time Monaco winner Graham Hill.
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Gap said Thursday that it is closing 75 stores, primarily internationally, by the end of fiscal 2016.
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India's biggest task is to find capital to fund growth: Piyush Gupta DBS Group Holdings CEO Piyush Gupta on how India is at the bottom of a curve that is going to take off and why Raghuram Rajan should stay on at RBI
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SpiceJet: adjusted numbers top estimates

livemint.com - 19 May 2016 21:33
SpiceJet: adjusted numbers top estimates SpiceJet's revenue is expected to increase at a 12.7% compound annual growth rate between FY15 and FY18 as it turns around
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Sobha Developers' share buyback: much ado about nothing Rs330 a share for the share buyback, about 2.32% of the paid-up equity share capital, that Sobha Developers offers, is underwhelming being a mere 8% higher than current price
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FDA spectre haunts Lupin investors

livemint.com - 19 May 2016 21:07
FDA spectre haunts Lupin investors Investor fears centre around Lupin's Goa facility, which has important products lined up for the US market
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Little Reason to Cheer for Deere

Wall Street Journal - 19 May 2016 20:58
The slump in U.S. farm machinery demand is likely to take another toll on Deere's fiscal second-quarter earnings on Friday.
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Wal-Mart Joins Amazon in Squeezing Retail Rivals

Wall Street Journal - 19 May 2016 20:14
Wal-Mart's strong quarter may represent less of a bellwether for other retailers than a tolling bell.
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Will Alaska Air-Virgin America Face Antitrust Issues? Alaska Air and Virgin America, which together signed a merger agreement last month for a deal valued at $2.6 billion, have received a request to furnish more information about the proposed transaction from the US Departm...
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Thursday's ETF with Unusual Volume: IPW

Forbes - 19 May 2016 19:39
The SPDR S&P International Energy Sector ETF (IPW) is seeing unusually high volume in afternoon trading Thursday, with over 343,000 shares traded versus three month average volume of about 28,000. Shares of IPW were down...
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Thursday's ETF Movers: XME, IBB

Forbes - 19 May 2016 19:37
In trading on Thursday, the SPDR S&P Metals and Mining ETF (XME) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of United States Steel (X), up abo...
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Two years after its launch, PepsiCo is now increasing focus on its in-house content development segment called “Creators League”. The company recently opened its own 4,000 square feet state of the art studio in New Y...
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In trading on Thursday, apparel stores shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of American Eagle Outfitters (AEO), up about 16.9% and shares of Urban Outfitters (URBN) up ...
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Gold Sinks to 3-Week Low in Aftermath of Hawkish FOMC Minutes Gold prices ended the U.S. day session solidly lower and scored a three-week low Thursday, on follow-through selling pressure in the wake of bearish FOMC minutes that were released Wednesday afternoon.
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RBI eases norms around FDI in credit information companies RBI to consider allowing higher FDI limits for entities which have an established track record in running a credit information bureau
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A triple-whammy storm of threats has slammed into our shores: Political uncertainty and polarization in an election year unlike any other … Global economic malaise … deflation, negative interest rates, slowing growth...
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Monsanto and Bayer: A Tough Row to Hoe

Wall Street Journal - 19 May 2016 18:31
Bayer's unsolicited bid for Monsanto appears to be a long shot.
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Dow Analyst Moves: WMT

Forbes - 19 May 2016 18:11
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Wal-Mart Stores (WMT) is the #28 analyst pick. Within the broader S&P 500, w...
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S&P 500 Analyst Moves: AYI

Forbes - 19 May 2016 18:09
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Acuity Brands (AYI) is now the #57 analyst pick, moving up by 2 spots.
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See How Wal-Mart Stores Ranks Among Analysts' Top Dow 30 Picks A study of analyst recommendations at the major brokerages shows that Wal-Mart Stores, Inc. (NYSE: WMT) is the #28 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ET...
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