News Daily - United States
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Forbes - United States
Economic growth outside of the U.S. faces a rough stretch, the co-vice chairman of one of Asia’s largest real estate businesses told Forbes on Tuesday.
Posted on 1 September 2015 @ 7:24 pm
The markets are bleeding red again, but two airline companies are managing to fly well above the fray: Delta Airlines and American airlines are two of only a handful of S&P 500 companies making gains in Tuesday trading, thanks in no small part to an upgrade from Deutsche Bank.
Posted on 1 September 2015 @ 7:23 pm
In afternoon trading on Tuesday, Financial stocks are the worst performing sector, showing a 3.0% loss. Within that group, E*trade Financial Corporation (NASD: ETFC) and Hudson City Bancorp Inc (NASD: HCBK) are two of the day’s laggards, showing a loss of 5.3% and 4.7%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (AMEX: XLF), which is down 3.1% on the day, and down 7.40% year-to-date. E*trade Financial Corporation, meanwhile, is up 2.66% year-to-date, and Hudson City Bancorp Inc, is down 11.66% year-to-date. Combined, ETFC and HCBK make up approximately 0.4% of the underlying holdings of XLF.
Posted on 1 September 2015 @ 6:33 pm
The best performing sector as of midday Tuesday is the Utilities sector, losing just 2.0%. Within that group, Pepco Holdings Inc. (NYSE: POM) and NiSource Inc. (NYSE: NI) are two large stocks leading the way, showing a loss of 0.3% and 0.9%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX: XLU), which is down 2.0% on the day, and down 10.30% year-to-date. Pepco Holdings Inc., meanwhile, is down 12.90% year-to-date, and NiSource Inc. is up 2.01% year-to-date. Combined, POM and NI make up approximately 2.1% of the underlying holdings of XLU.
Posted on 1 September 2015 @ 6:32 pm
Doing nothing can be the smartest–and hardest–investment strategy.
Posted on 1 September 2015 @ 6:29 pm
Most of the company?s revenue streams have suffered in the first half of 2015, with the exception of enterprise SSD revenues, which witnessed a massive 64% y-o-y increase to $360 million. On the other hand, the biggest area of concern for the company was the client SSD space, with revenues falling by 55% over the prior year period to $308 million in the first half of the year. Meanwhile, embedded storage (-6%), removable storage (-16%) and other revenues (-18%) faced substantial ? but comparatively modest ? revenue declines in the first half of the year.
Posted on 1 September 2015 @ 5:42 pm
Medtronic completed the consolidation of Covidien’s acquisition last fiscal year, but significant synergies are not expected to be realized until the second half of fiscal 2016. On the other hand, the company is expected to face substantial currency headwinds in the first quarter, which could drag down its revenue growth and offset the savings from operational efficiencies. The negative impact of adverse currency movements is expected to be up to $1.5 billion in fiscal 2016, over 40% of which is expected materialize the first quarter itself.
Posted on 1 September 2015 @ 5:40 pm
RTT News - United States
Filtration systems maker Donaldson Company, Inc. (DCI) on Tuesday reported a 23 percent decline in profit for the fourth quarter from last year, reflecting restructuring and impairment charges as well as lower sales.
Posted on 1 September 2015 @ 2:07 pm
Automaker FCA US LLC, owned by Italy-based Fiat Chrysler Automobiles NV (FCAU), reported Tuesday a two percent increase in total U.S. vehicle sales for the month of August, marking the 65th consecutive month of year-over-year sales gains, reflecting sales growth in three of its five brands. The company also recorded the best August sales since 2002.
Posted on 1 September 2015 @ 1:34 pm
Information technology services provider Science Applications International Corp. (SAIC) reported Tuesday that profit for the second quarter declined from last year, despite revenue growth, reflecting lower operating margins and increased interest expense.
Posted on 1 September 2015 @ 12:35 pm
South Korean conglomerate Samsung Electronics Co. (SSNLF) on Monday unveiled its latest smartwatch, the Samsung Gear S2, as it aims to bolster its presence in the global wearable market amid stiff competition from rivals such as Apple Inc. (AAPL).
Posted on 1 September 2015 @ 4:34 am
Apple Inc.’s (AAPL) war against online advertising is likely to escalate as the next version of its mobile operating system will support blocking of advertisements, according to media reports on Sunday.
Posted on 31 August 2015 @ 4:27 am
Luxury jeweler Tiffany & Co. (TIF) reported Thursday that profit for the second quarter declined 16 percent from last year, reflecting higher expenses, unfavorable effects from the strong U.S. dollar and an impairment charge. However, worldwide sales increased amid improvements across most of the company’s operating regions in constant currency.
Posted on 27 August 2015 @ 2:20 pm
Aerospace giant Boeing Co. (BA) reached a preliminary settlement to resolve a long-running lawsuit that charged it of mishandling its 401(k) plan to the detriment of its employees, according to a Wall Street Journal report on Wednesday. Terms of the settlement were not disclosed.
Posted on 27 August 2015 @ 5:22 am
Deutsche Welle - Germany
The thousands of refugees pouring into Germany every day could offer Europe’s largest economy an opportune solution to plug the ‘gray gap’ in its aging workforce. But integrating the new arrivals could be costly.
Posted on 1 September 2015 @ 5:02 pm
The world’s lender of last resort, the International Monetary Fund (IMF), has said up-and-coming nations must do more to weather the fallout of weaker global growth and a slowdown in China’s economy.
Posted on 1 September 2015 @ 3:37 pm
The American Chamber of Commerce in Germany has released its annual survey of US companies in Europe’s largest economy. It shows US executives are satisfied with Germany, but don’t see it as innovative as it could be.
Posted on 1 September 2015 @ 11:51 am
Fresh data on the German labor market have shown the number of people looking for a job in Europe’s powerhouse economy has gone up marginally. But experts say it’s a seasonal effect not to be worried about.
Posted on 1 September 2015 @ 8:55 am
Stocks in Asia and Europe traded sharply lower Tuesday after China released more gloomy economic data. With its manufacturing and service sectors slowing, Beijing will be unlikely to reach key growth targets.
Posted on 1 September 2015 @ 8:09 am
At least five people have been killed and six others hospitalized following an explosion at a fireworks factory near Zaragozana in northeastern Spain. The cause of the blast remains unknown.
Posted on 31 August 2015 @ 6:31 pm
Fiat Chrysler CEO Sergio Marchionne is relentlessly pestering GM to explore a merger with his company. GM has consistently shown him the cold shoulder, but the FCA chief insists a merger would be hugely profitable.
Posted on 31 August 2015 @ 6:01 pm
The Jerusalem Post - Israel
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Yahoo - United States
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