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Market News

Location American Market News for 21 February 2017

Gilead Goes to the Head of the Line

Wall Street Journal - 21 Feb 2017 20:04
Gilead Sciences's approach to the biotech deals market involves more than just waiting.
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Global gold prices drop as investors await hints on timing of US rate hikes Spot gold prices fell 0.5% to $1,232.31 per ounce by 9.08am, while US gold futures also fell 0.4% to $1,233.60 an ounce
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Meet The FinTech CEO Making Money Easily Available Anywhere In The World Cremfinance CEO and Co-Founder Matiss Ansviesulis discusses the vision behind his company, making money more accessible, and his plans for designing the future of consumer finance.
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The Rebirth Of Burger King Has Made 3G Capital, Bill Ackman And Warren Buffett Over $14 Billion Brazilian private equity powerhouse 3G Capital, Pershing Square's Bill Ackman and Warren Buffett have made about $14 billion on the revival of Burger King.
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Government Wins Flexibility on Fannie and Freddie

Wall Street Journal - 21 Feb 2017 23:35
A major court ruling underscores that what to do with Fannie Mae and Freddie Mac is a political question.
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The Great Mystery Behind Tesla's Rally

Wall Street Journal - 21 Feb 2017 22:51
Tesla investors are ignoring significant risks ahead of Wednesday's earnings report, the first to reflect results from SolarCity.
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Market roundup | Note ban to see informal economy contract In other news, risings fuel prices pose risk to auto sales and hedge funds bet big on crude oil
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Assessing The Likelihood Of A Sprint - T-Mobile Merger There has been increasing speculation regarding a merger between Sprint and T-Mobile since the U.S. Presidential election, given the possibility of a more conducive regulatory environment for telecom mergers under a Repu...
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Ambuja Cements: higher profits are not enough

livemint.com - 21 Feb 2017 20:38
Ambuja Cements: higher profits are not enough In the December quarter, Ambuja Cements's stand-alone net profit surged nearly 60% year-on-year to Rs175.88 crore, but net sales were down 6.7% at Rs2,197 crore
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4 Legendary Investor Picks For The Trump Rally Value investors should look past the latest headlines in search of business fundamentals and concrete metrics. Here are four stocks that score well based on the John Neff value investing model.
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A Whopper Of A Deal: Burger King Owner Restaurant Brands International Acquires Popeyes For $1.8 Billion It's a deal made in fast-food heaven: Restaurant Brands International, the corporate entity behind Burger King and Tim Hortons, is acquiring Popeyes Louisiana Kitchen for a whopping $1.8 billion.
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Why Ping Is THE Mobile Service For The Chatting Generation It's 2017 and we're online more than ever. It only follows naturally that we seek to be connected anywhere we go. So what if we told you that staying connected in 160 counties in the world, would cost you just 30c a day?...
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Earnings Preview: What To Expect From Priceline On Monday Priceline is expected to earn $13.11/share on $2.33 billion in revenue. Meanwhile, the so-called Whisper number is $13.32. The Whisper number is the Street's unofficial view on earnings.
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Traders and investors are struggling with low volatility markets. Here are four ways to succeed when markets are seemingly not moving.
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Earnings Scorecard: Apple Inc.

Forbes - 21 Feb 2017 16:05
Earnings Scorecard: Apple Inc. In Q4 2016, Apple earned $3.36 per share on revenue of $78.4 billion. The Street's estimate was $3.22 per share on revenue of $77 billion. The Whisper number was $3.23/share. Apple continues to fire on all cylinders.
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Reliance Jio new offer announcements batter Airtel, Idea shares Airtel shares closed 4% lower, Idea shares lost 1.88% in intra-day trading, after Reliance Jio boss Mukesh Ambani announced new data offers and extended free voice calls
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Grexit Back On The Cards?

Forbes - 21 Feb 2017 16:00
Grexit Back On The Cards? With nothing to stop Brexit getting the green light, the threat of the European Union losing a few more members - either willingly or unwillingly - is adding to the crisis in Europe.
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Analysts had expected the low-price chain to earn $1.29 a share on $131.2 billion in revenue.
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Macy's kicked off department store earnings Tuesday morning.
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HSBC Feels Chill Wind From Trump on Trade

Wall Street Journal - 21 Feb 2017 14:59
For a bank that says it generates nearly half its revenue from business that crosses international borders, protectionism and populism are clearly a threat.
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Gold prices extend losses on weak global cues

livemint.com - 21 Feb 2017 14:50
Gold prices extend losses on weak global cues Standard gold prices dipped by Rs 105 to settle at Rs 29,195 per 10 grams
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Earnings Scorecard: Wal-Mart Q4 2016 Enjoyed Its Best Quarter In 4 Years In Q4 2016, Wal-Mart Stores earned $1.30 per share on revenue of $130.9 billion. The Street's estimate was $1.29 per share on revenue of $131.0 billion. The Whisper number was $1.32/share.
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