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Market News

Location American Market News for 16 May 2017

Dividend Hunters Should Look Out for Vodafone

Wall Street Journal - 16 May 2017 17:42
Income-hungry investors worried about upheaval in the U.S. telecom market should cast their eyes across the Atlantic. The fat dividends paid by European mobile leader Vodafone look secure, and could even grow.
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Warren Buffett's Berkshire boosts American, Southwest airline bets Warren Buffett's Berkshire said that in the first quarter its American stake grew 8% to 49.3 million shares, while its Southwest stake grew 10% to 47.7 million shares
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Bruce Berkowitz Invests In Shopping Malls

Forbes - 17 May 2017 01:31
Bruce Berkowitz Invests In Shopping Malls Fairholme leader buys more shares in troubled retail sector
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Surge In Emerging Technologies To Help Applied Materials Retain Its Growth Momentum Applied Materials' stock price has more than doubled in the last year. Driven by multi-year inflections and new demand drivers, the company's orders and earnings in Q1 2017 were at an all-time highm which we expect to co...
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Venezuela's Melt Down Explained By The 'Oil Curse' Venezuela's political and economic destabilization can be traced to an over-reliance on oil revenue. This is the oil curse. And it was forecast forty years ago by Venezuela's own oil minister.
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A New CEO Is Unlikely To Transform U.S. Steel's Fortunes Anytime Soon U.S. Steel announced a change in top management last week, with Mario Longhi stepping down as CEO and COO David Burritt named the next CEO of the company.
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CARE, Crisil didn't follow due process in Amtek Auto case: Sebi Sebi says CARE, Crisil did not follow due process and failed in monitoring ratings of JP Morgan's credit opportunity fund and Amtek Auto at the time of the redemption crisis
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Market round-up: Euro soars amid Trump concerns

livemint.com - 16 May 2017 23:54
Market round-up: Euro soars amid Trump concerns In other news, hedge funds are dumping gold bets; China increases US treasury holdings
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A Fundamental-Based Investment Approach Is Timeless: Five Stock Buys Long before Warren Buffett, Bill Gates or John D. Rockefeller, there was Jakob Fugger, one of the world's wealthiness individuals ever. The similarities of investing commandments between Buffett and Fugger are striking. ...
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After its search business was hit due to regulations on medical advertisements, Baidu appears to be looking at alternative sources of revenues. The company recently changed its mission from being the leading search servi...
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The DRAM market has seen strong tailwinds over the last few quarters, with demand and prices soaring. Samsung, the world's largest DRAM producer, has been a big beneficiary of this trend, with its stock touching record h...
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Here's How Alibaba Is Leveraging Its Data

Forbes - 16 May 2017 21:48
Recently, PepsiCo entered into a strategic agreement with Alibaba to leverage the latter's data in order to enhance its customer experience and drive growth in China. This is the second such deal entered into by Alibaba ...
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India Grid Trust InvIT, PSP Projects allot shares to anchor investors ahead of IPOs India Grid Trust's units were allotted to a total of 19 institutional investors at Rs100 per unit, PSP Projects to launch IPO on 17 May at a price band of Rs205-210 per share
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GTPL Hathway gets Sebi's approval for IPO

livemint.com - 16 May 2017 20:03
GTPL Hathway gets Sebi's approval for IPO GTPL Hathway, which offers cable TV and broadband services, has received capital markets regulator Sebi's approval to float an IPO
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PSP Projects IPO opens tomorrow, raises Rs95 crore from anchor investors The PSP Projects IPO will open for public subscription from 17-19 May at a price band of Rs205-210 per equity share
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Brick-And-Mortar Retail Adopts New Tactics In The Battle With Online Retail The battle between traditional and online retailers is far from over. In fact, the line is blurring as big brands create unique, personalized business models to stay ahead of the Amazon juggernaut.
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IOC, REC to enter MSCI index, Divis Lab out

livemint.com - 16 May 2017 18:43
IOC, REC to enter MSCI index, Divis Lab out IOC, REC will be included in the MSCI India index, while drug firm Divis Laboratories will move out from the index, the changes will take place as of close of 31 May 2017
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Market intermediaries to give PAN, other details to Sebi for digital payments All market intermediaries to provide information about their PAN, registration number, mode of payment and banking details to Sebi after making digital payments
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Dick's reported same-store sales -- a metric monitored closely by Wall Street for retail stocks -- that missed Wall Street estimates.
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When to Worry About China Again

Wall Street Journal - 16 May 2017 17:57
China's debt-market selloff is driven mostly by a regulatory crackdown--growth is decent and corporate profits are healthy--but risks are poised to rise again, meaning things could shortly get hairier.
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Municipal Bond Market: A Tech Tipping Point Is Here The municipal bond market is reaching a tipping point. E-trading is going to push it over.
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TJX Cos. on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry.
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