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Market News

Location American Market News for 27 July 2017
China's IPO 'Glut' And The Case For Stock Market Reform Chinese regulators have increased the number of IPOs in the stock market, but reform toward a market based system is still much needed.
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An Insider Explains Why Wall Street's Big Money Focus On Sustainability Is Here To Stay Bruce H. Goldfarb is often the man behind the scenes of Wall Street's biggest shareholder fights. He explains why hedge funds and ETFs alike are sharpening their focus on issues like sustainability and diversity, in addi...
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Coca-Cola's Revenue Declines, But Core Business Remains Solid The Coca-Cola Company posted its second quarter earnings on July 26, reporting a 16% fall in revenues, hit by headwinds of 17% from the refranchising of its bottling operations, and a 2% impact from foreign currency.
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Amid Caution Over Macro Retail Environment, Starbucks Plans To Shutter All Of Its Teavana Stores Starbucks is feeling a bit of the pain that's affecting the broader retail landscape. The $86 billion coffee behemoth posted third quarter earnings results Thursday afternoon that were softer than what Wall Street was ex...
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Viacom recently announced a long-term content and partnership deal with Tyler Perry under which he will produce 90 episodes annually of original drama and comedy series for BET and other Viacom networks. Viacom will also...
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Facebook Posts Strong Q2 As ARPU Grows Across Geographies Facebook posted strong second quarter results yesterday, with revenues increasing 47% year on year (y-o-y) to over $9.3 billion, beating Reuters' compiled consensus estimates of $9.2 billion. This was driven by a signifi...
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Strong Component Demand Drives Samsung's Q2

Forbes - 28 Jul 2017 00:49
Samsung Electronics recently published its Q2 2017 results, posting its strongest-ever operating profits, driven by strong demand and pricing for memory products and a resurgent smartphone business.
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Investors Don't Believe in Twitter's Turnaround

Wall Street Journal - 27 Jul 2017 23:59
Twitter has found a way to moderate its revenue declines, but it told investors not to get too excited about it.
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It's time to file your India tax return

livemint.com - 27 Jul 2017 23:57
It's time to file your India tax return Individuals who qualify as non-residents are mandatorily required to file a tax return in India if they have any income taxable in India by 31 July 2017
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If Growth Is Back At Baidu, Shares Could Be Cheap Is Baidu back in growth mode?
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Why Idea Cellular's in-line Q1 results provide no succour Idea Cellular's cash profits are fast depleting, and the situation can turn for the worse if the merger with Vodafone India is not fast-tracked
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Govt raises Rs535 crore from NFL share sale

livemint.com - 27 Jul 2017 20:21
Govt raises Rs535 crore from NFL share sale The 15% stake sale in National Fertilizers Ltd fetched Rs535 crore to the government, with over-subscription from both retail and institutional investors
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The Bull Market's Growth Problem

Wall Street Journal - 27 Jul 2017 20:18
Under the hood of the stock market rally, signs the 8-year bull market may be nearing its end.
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Chasing exciting new developments in medicine can be a very expensive endeavor. Such is the takeaway from AstraZeneca's announcement that a hotly anticipated clinical trial didn't meet expectations.
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NSE to conduct two-day live trading from disaster recovery site The NSE said it will conduct two-day live trading session starting 31 July from its disaster recovery site, which is vital for exchanges in case of unforeseen disruptions
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Procter & Gamble, the maker of Pampers diapers, reported a fourth-quarter earnings beat on Thursday amid pressure from an activist investor.
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Nestlé's Slow Growth Plays Into Dan Loeb's Hands

Wall Street Journal - 27 Jul 2017 17:43
The activist investor is agitating for higher margins at the world's largest food company. Disappointing growth lends weight to his arguments.
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Twitter beat estimates on its top and bottom line but monthly active user growth was flat from the previous quarter.
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Twitter beat estimates on its top and bottom line but monthly active user growth was flat from the previous quarter.
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Comcast saw a big pop in film revenue and as NBCUniversal and theme parks both posted double-digit revenue surges.
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Verizon posted second-quarter earnings in line with estimates on Thursday, and revenue that beat analyst expectations.
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Falling trade deficit opens scope for lowering gold import tax: trade secretary Manoj Dwivedi, joint secretary at the trade ministry, sees scope for lowering the import tax on gold as the CAD improves in the world's second-biggest consumer of the metal
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