News Daily - United States

Feed currently not available

Click here to refresh and see if the source is back online

Forbes - United States

Twitter Larger Than S&P 500 Component General Growth Properties

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Twitter Inc (NYSE: TWTR) was identified as having a larger market cap than the smaller end of the S&P 500, for example General Growth Properties Inc (NYSE: GGP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating »

Posted on 1 July 2015 @ 8:37 pm

Wednesday Sector Laggards: Energy, Healthcare

The worst performing sector as of midday Wednesday is the Energy sector, showing a 2.0% loss. Within the sector, Chesapeake Energy Corp. (NYSE: CHK) and Transocean Ltd. (NYSE: RIG) are two large stocks that are lagging, showing a loss of 5.6% and 4.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is down 1.5% on the day, and down 5.19% year-to-date. Chesapeake Energy Corp., meanwhile, is down 45.25% year-to-date, and Transocean Ltd., is down 14.84% year-to-date. Combined, CHK and RIG make up approximately 0.9% of the underlying holdings of XLE.

Posted on 1 July 2015 @ 6:44 pm

Wednesday Sector Leaders: Financial, Services

Looking at the sectors faring best as of midday Wednesday, shares of Financial companies are outperforming other sectors, up 1.2%. Within that group, Chubb Corp. (NYSE: CB) and Hartford Financial Services Group Inc. (NYSE: HIG) are two of the day’s stand-outs, showing a gain of 27.1% and 5.6%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (AMEX: XLF), which is up 1.1% on the day, and up 0.43% year-to-date. Chubb Corp., meanwhile, is up 18.01% year-to-date, and Hartford Financial Services Group Inc. is up 6.16% year-to-date. Combined, CB and HIG make up approximately 1.6% of the underlying holdings of XLF.

Posted on 1 July 2015 @ 6:43 pm

How Are Wynn Resorts’ Domestic Casino Operations Trending?

Wynn Resorts‘ domestic casino operations have been trending well over the past few years led by a better macro-economic environment in the U.S. However, gaming at the Las Vegas Strip has seen uneven trends in the recent past and gross revenues have been hovering around $6 billion for the past few years. Despite the challenging environment, Wynn has managed to grow its gaming revenues. The casino operator has positioned itself as a premium brand resort for sophisticated visitors and this aids its casino as well as non-casino ventures such as hotel and entertainment. We don’t expect any significant change in the overall gaming environment in Las Vegas in the coming years as other states are also legalizing casinos and Macau has become more a popular gaming destination with gross revenues seven times that of the Strip.

Posted on 1 July 2015 @ 5:54 pm

Energy Derivatives Trading Not Enough To Offset Low Volumes For IntercontinentalExchange

Derivative trade volumes for IntercontinentalExchange Group have been low in the second quarter thus far. Limited trading activity for interest rate and equity derivatives has overshadowed the growth witnessed in trading of energy products including oil and natural gas derivatives. The exchange operator reported an 8% year-over-year decline in average daily trade volume to just under 5 million contracts per day through May. If this weakness persists, there could be a downside to our $222 price estimate for ICE’s stock, which is in line with the current market price.

Posted on 1 July 2015 @ 5:53 pm

Daily Dividend Report: GIS, STZ, MKC, AFG, WSO

General Mills (GIS) declared a quarterly dividend at the prevailing rate of 44 cents per share, payable August 3, 2015, to shareholders of record July 10, 2015. The General Mills quarterly dividend rate was most recently increased 7 percent effective with the May 1, 2015 payment.

Posted on 1 July 2015 @ 5:51 pm

While The PayPal Separation Will Close In July, We Maintain Our Price Estimate For eBay

We continue to reiterate a price estimate of $59.12 for the company’s stock, which is almost at par with the current market price. This is based on the view that eBay could see continued traffic-related headwinds in the near-term. Moreover, over the longer-run, we expect eBay to somewhat lag the overall e-commerce market, owing to rising competition from both e-retailers as well as brick and mortar retailer giants such as Walmart and Target. On the other hand, the company could continue to generate healthy cash flows, owing to its high-margin business model. Hence, while our valuation reflects the challenges to continue for eBay in the coming years, the company could continue to produce strong cash flows, which along with potential asset sales (eBay enterprise), could lead to an increase in share buybacks.

Posted on 1 July 2015 @ 5:51 pm

RTT News - United States

Toyota June US Sales Up 4.1%

Toyota Motor Corp. (TM) Wednesday said its U.S. sales for June increased 4.1 percent, as strong sales of trucks and crossover SUVs helped the Japanese automaker offset weak car sales.

Posted on 1 July 2015 @ 4:17 pm

Patterson To Sell Medical Business To Madison Dearborn For $715 Mln

Patterson Companies Inc. (PDCO), a distributor of dental, veterinary and rehabilitation supplies, said Wednesday that it has agreed to sell its medical business to private equity firm Madison Dearborn Partners for gross proceeds of about $715 million in cash. The sale of the medical business, Patterson Medical, is expected to close in the fiscal second quarter.

Posted on 1 July 2015 @ 3:14 pm

CF Industries To Buy Remaining 50% Interest In GrowHow From Yara For $580 Mln

U.S. fertilizer group CF Industries Holdings, Inc. (CF) agreed Wednesday to acquire the remaining 50 percent equity interest in GrowHow UK Ltd. From Norwegian peer Yara International ASA (YARIY) for total cash consideration of $580 million.

Posted on 1 July 2015 @ 7:00 am

Asciano Gets Takeover Offer From Brookfield Infrastructure

Australian ports and rail operator Asciano Ltd. (AIO.AX) confirmed Wednesday that Canada’s Brookfield Infrastructure Group (BIP, BIP_U.TO) has made an offer to acquire the company for A$9.05 per share in cash and stock.

Posted on 1 July 2015 @ 4:37 am

Grainger Names Helen Gordon As CEO Designate To Succeed Andrew Cunningham

Residential property owner and manager Grainger plc (GRI.L) announced Tuesday the appointment of Helen Gordon as chief executive officer designate. Gordon will succeed Andrew Cunningham, who had on March 31 announced he will retire at the next Annual General Meeting in February 2016. The appointment is subject to normal Financial Conduct Authority confirmations.

Posted on 30 June 2015 @ 7:30 am

Apollo Education Q3 Profit Down, Cuts FY Outlook; Shares Slip 5%

Apollo Education Group Inc. (APOL), a for-profit education provider, Monday reported a drop in profit for the third quarter as revenues continue to slip on lower student enrollments. Looking ahead, Apollo lowered its revenue guidance for the full year, sending its shares down five percent in the after hours trading.

Posted on 29 June 2015 @ 8:53 pm

Sysco Terminates $3.5 Bln Merger Deal With US Foods; To Buy Back Shares

Food-distribution giant Sysco Corp. (SYY) said Monday that it has terminated its proposed $3.5 billion acquisition of rival US Foods Inc. Instead, the company’s board of directors has authorized the company to buy back up to $3 billion of its shares over the next two years.

Posted on 29 June 2015 @ 2:09 pm

Deutsche Welle - Germany

Calais port strikes cause further jams in France and England

The Port of Calais is reopening after continued labor actions. In Britain, police closed off motorway sections while more than 3,000 trucks waited to board ships to France, where ferry workers blocked the port.

Posted on 1 July 2015 @ 6:27 pm

Saudi Prince Alwaleed bin Talal to give away entire $32-billion fortune

Saudi Arabian billionaire Prince Alwaleed bin Talal, once listed as the world’s 26th richest man, has declared he is giving his entire fortune to charity. He made the announcement at a news conference in Riyadh.

Posted on 1 July 2015 @ 12:17 pm

Russia cuts off gas to Ukraine after talks collapse

Russia’s state-owned gas giant Gazprom has announced it has cut off supplies of natural gas to neighboring Ukraine. Talks to settle a price dispute with the war-torn country failed on Tuesday.

Posted on 1 July 2015 @ 10:12 am

Deutsche Bahn ends wage conflict with train drivers

Germany’s year of rail strikes appears to have come to an end. Former Brandenburg state premier Matthias Platzeck has announced that Deutsche Bahn reached an agreement with the train drivers’ union GDL.

Posted on 1 July 2015 @ 9:38 am

Apple loses price-fixing court battle over e-books

A US federal appeals court has ruled that Apple broke antitrust laws in a price-fixing scheme with book publishers when it launched its iBookstore in 2010. The tech giant has said it will appeal the decision.

Posted on 1 July 2015 @ 7:53 am

Markets, euro steady after Greek default

Markets appear to have taken in their stride news that Greece has defaulted on its latest repayment to the International Monetary Fund (IMF). Meanwhile, the US has urged all parties to help Greece achieve growth.

Posted on 1 July 2015 @ 3:55 am

Ukraine suspends Russian gas purchases in new price dispute

Ukraine has said it will halt gas purchases from Russia after energy officials from the two countries failed to agree on new prices. Kyiv’s state energy firm has said gas will continue flowing to other European states.

Posted on 30 June 2015 @ 10:54 pm

The Jerusalem Post - Israel

Feed currently not available

Click here to refresh and see if the source is back online

Yahoo - United States

Feed currently not available

Click here to refresh and see if the source is back online

| Breaking | USA | World | Financial | Politics | Entertainment | Style | Movies | Technology | Health | Green | OpEd | NFL | NBA | MLB | NCAAF | NCAAB | Motorsports | Golf | FAQ |