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Market News

Location American Market News for 2 March 2017

The Biotech Stock Safety Net

Wall Street Journal - 2 Mar 2017 19:40
Dirt cheap borrowing costs for big pharma gives risky biotechs a boost.
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How Chinese Companies Finance Their Ambitions Abroad

Wall Street Journal - 2 Mar 2017 07:03
With Beijing cracking down on capital outflows, SkyBridge Capital buyer HNA Group has found a new way to raise cash offshore.
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ONGC-HPCL affair: The key takeaways

livemint.com - 2 Mar 2017 04:14
ONGC-HPCL affair: The key takeaways ONGC's acquisition of HPCL could help the government earn about $4-4.5 billion, which should assist it in meeting its divestment target
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Shares Of SunOpta Imperiled By Profit Challenge, Pricey Acquisitions Significant competition, lagging margins, and an overvalued stock price make it hard to justify any bull case involving this week's Danger Zone.
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Biotechs Breaking Out On Drug Development News Here are four biotech stocks breaking out on positive developments related to their drugs.
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Sebi likely to penalize NSEL brokers by May

livemint.com - 2 Mar 2017 21:42
Sebi likely to penalize NSEL brokers by May Markets regulator in the last stages of deciding how much to fine the five brokerages who allegedly mis-sold NSEL products
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South-East Asia is hungry for tech built for emerging markets: Piyush Chaplot Piyush Chaplot, a partner in Singapore-based VC firm Innosight Ventures, says Indian software as a service companies are capable of competing globally
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Market roundup | Remonetisation picks up pace

livemint.com - 2 Mar 2017 21:27
Market roundup | Remonetisation picks up pace In other news, commercial real estate to see strong investor interest in 2017, low pest attacks bode ill for agrochemicals
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US stocks slip after record rally

livemint.com - 2 Mar 2017 21:23
US stocks slip after record rally Dow Jones falls 0.31%; S&P 500 down 0.44%; Nasdaq Composite loses 0.51%
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Sensex, Nifty tumble on election results, US worries but rally seen soon Analysts optimistic that a stock market rally will sustain; Morgan Stanley sets December target for Sensex at 33,000 points
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How Google's YouTube TV Will Compete With DirecTV Now Competition in the streaming TV market looks set to heat up, with Internet behemoth Google announcing that it will roll out a new service called YouTube TV in major cities in the United States over the next few months.
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Key Takeaways From Best Buy's Q4 Earnings

Forbes - 2 Mar 2017 20:37
Key Takeaways From Best Buy's Q4 Earnings Best Buy announced mixed fourth quarter results on Wednesday, March 1, as its earnings beat market expectations but revenue missed.
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The company's board approved a buyback program for the repurchase of up to $500 million its outstanding common stock.
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Snap Inc. jumps in Wall Street debut after first US tech IPO of 2017 Snap shares opened at $24 and traded as high as $25.20 apiece Thursday, giving the Snapchat app maker a market valuation of more than $29 billion
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Will Snap Capture Investors Like Facebook Or Follow Twitter's Disappearing Act? Amid current bullishness in US and global equity markets, Snap's shares were set to begin trading today on the New York Stock Exchange at $17 a pop and expected to fly. It seems reminiscent of the dotcom bubble, but coul...
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Venice Is The Most Surprising Reason To Skip Snap's IPO Snap is over-valued, unprofitable, vulnerable to Facebook, unaccountable to shareholders, and suffering from slowing growth. But that won't stop its shares from popping when they start trading. Ultimately, its location i...
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Eurozone Inflation's Hidden Resilience

Wall Street Journal - 2 Mar 2017 16:15
The common wisdom is that eurozone core inflation is weak. Another take is that it has proved resilient.
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Kroger reported a surprise decline in holiday-quarter same-store sales on Thursday as competition in the grocery industry in the United States intensified.
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Why We're Raising Our Price Estimate For ArcelorMittal To $9 ArcelorMittal has witnessed a revival in fortunes in recent months as a result of the improved demand outlook for steel, particularly in the U.S. This has resulted in a rally in the company's stock price over the past fe...
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3 Best Student Loan Options For Graduate School What are the best options for graduate school student loans?
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Gold prices fall for third straight session on subdued demand Standard gold prices fell by Rs75 to finish at Rs29,405 per 10 grams
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BSE to launch F&O on BSE Sensex 50 index from 14 March The BSE Sensex 50 index represents more than half of the total market capitalisation of BSE-listed companies
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