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Market News

Location American Market News for 13 October 2017

GIC Re IPO fully subscribed on final day

livemint.com - 13 Oct 2017 09:38
GIC Re IPO fully subscribed on final day As of 1.10pm, the portion of shares reserved for institutional investors in the GIC Re IPO saw a subscription of 1.79 times
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Netflix is set to announce its third-quarter results on Monday, October 16. While competition among over-the-top streaming services is intensifying, we expect Netflix to report growth in revenues and subscribers across b...
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Johnson & Johnson will report its Q3 2017 earnings on October 17, and we expect the company to post solid numbers, owing to three primary factors - a ramp up in key oncology drug sales, the Actelion acquisition, and fore...
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What's behind Reliance Jio's surprise Arpu, revenue and profit? Reliance Jio's results raise more questions than answers, and the true picture of its finances is yet to emerge
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Sebi bans Swasata Steel Industries, 7 directors from market Swasata Steel Industries and seven of its directors have been barred by market regulator Sebi from the securities market for illegal fundraising
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What a Shocker: General Electric Is Becoming Attractive

Wall Street Journal - 13 Oct 2017 17:59
Investor expectations for General Electric are low. GE should consider lowering them further as an ugly year gets worse.
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Favorable Interest Rate Environment Boosts JPMorgan JPMorgan Chase's results for the third quarter of the year, announced on Thursday October 12, painted a largely positive picture of the banking industry over the period and gave investors a good idea of what to expect fr...
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Dena Bank raises over Rs401 crore via QIP

livemint.com - 13 Oct 2017 17:42
Dena Bank raises over Rs401 crore via QIP Dena Bank said it has raised Rs401.26 crore by issuing equity shares at Rs29.30 per share through qualified institutional placement (QIP) route
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Inflation Unfriends the Fed

Wall Street Journal - 13 Oct 2017 17:32
Low inflation is making the Federal Reserve's plan to raise rates one more time this year look a bit iffy.
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Nike Trips On A 'Death Cross,' Sets 2017 Low As The Dow Sets All-Time High Dow component Nike is slipping into correction territory, 16% below its post election high. Here's how to trade it now.
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Legal Troubles Take A $1 Billion Bite Out Of Wells Fargo Third Quarter Earnings Wells Fargo is still reeling from the legal issues that have slammed its reputation: it reported Friday that litigation costs took a $1 billion bite out of its third quarter profit. As a result, Wells shares are falling ...
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Wells Fargo Falls Further Behind

Wall Street Journal - 13 Oct 2017 16:33
Wells Fargo's third-quarter earnings were a disappointment. Far from digging itself out of trouble, the bank is making a deeper hole.
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What's Old Is New Again at HP

Wall Street Journal - 13 Oct 2017 16:31
About to close out its best showing in years, the question naturally hanging over HP Inc. is whether the storied tech company can pull off a repeat performance.
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IWAI raises Rs660 crore through bonds

livemint.com - 13 Oct 2017 16:13
IWAI raises Rs660 crore through bonds The Inland Waterways Authority of India has raised Rs660 crore through a bond sale to finance the development of national waterways
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Why The Strong Market? Fewer Shares

Forbes - 13 Oct 2017 15:55
Why The Strong Market? Fewer Shares A key, often-ignored reason, for the stock market rally is the decrease in the number of shares thanks to corporate buybacks and mergers
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Regional lender PNC Financial Services reported a stronger-than-expected profit as higher interest rates boosted the bank's income.
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Gold prices slip on subdued demand

livemint.com - 13 Oct 2017 15:19
Gold prices slip on subdued demand Standard gold (99.5 purity) dropped by Rs120 to close at Rs29,675 per 10 grams from Thursday's level of Rs29,795
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Wells Fargo reports third-quarter revenue that missed expectations, sending shares lower.
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Global gold prices set for first weekly gain in five weeks Gold prices rise for a sixth day on Friday, buoyed by a weaker dollar, with investors waiting for key US inflation data for clues on the outlook for potential hikes in US interest rates
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IWAI raises Rs660 crore through bonds

livemint.com - 13 Oct 2017 13:13
IWAI raises Rs660 crore through bonds The Inland Waterways Authority of India has raised Rs660 crore through a bond sale to finance the development of national waterways
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The super-powered brains of F1 drivers

CNN - 13 Oct 2017 12:22
Dubbed "super performers," it turns out under close examination that Formula One drivers aren't like you and me.
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Bank of America is set to report third-quarter earnings. Here's what Wall Street is expecting from the banking giant.
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