News Daily - United States

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Forbes - United States

"The Business Cycle Outside Of The U.S. Is Obviously Turning Down"

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

Why Delta And American Are Outshining The Rest Of The S&P 500

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

Tuesday Sector Laggards: Financial, Technology & Communications

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

Tuesday Sector Leaders: Utilities, Consumer Products

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

What I Didn’t Do On My Summer Vacation

Doing nothing can be the smartest–and hardest–investment strategy.

Posted on 1 September 2015 @ 6:29 pm

SanDisk Continues To Focus On Enterprise SSDs Amid Weakness In Other Divisions

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

Heavy Currency Headwinds Expected in Medtronic’s Q1 Results

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

Donaldson Q4 Profit Declines, But Results Beat View

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

FCA US LLC August U.S. Sales Rise 2%

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

Science Applications Q2 Adj Profit Tops View, But Revenues Miss

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

Samsung Unveils Gear S2 Smartwatch

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

Reports: Apple’s Ad Blockers In IOS 9 Raise Tensions With Publishers

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

Tiffany Q2 Results Miss Estimates, Trims 2015 EPS Outlook

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

WSJ: Boeing Reaches Preliminary Settlement On 401(k) Class Action Lawsuit

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

Tapping refugees to combat Germany’s labor shortage

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

IMF: ‘Bumpy’ road ahead for emerging economies

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

AmCham survey reveals investment worries

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

Slight rise in German joblessness ‘no big worry’

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

Markets hit by Chinese slowdown fears

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

Explosion at Spanish fireworks factory

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 desperate for merger with GM

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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