News Daily - United States

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Forbes - United States

Friday Sector Laggards: Energy, Financial

Looking at the sectors faring worst as of midday Friday, shares of Energy companies are underperforming other sectors, showing a 1.1% loss. Within that group, Southwestern Energy Company (NYSE: SWN) and Chesapeake Energy Corp. (NYSE: CHK) are two large stocks that are lagging, showing a loss of 5.9% and 4.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is down 1.1% on the day, and down 11.42% year-to-date. Southwestern Energy Company, meanwhile, is down 53.13% year-to-date, and Chesapeake Energy Corp., is down 53.55% year-to-date. Combined, SWN and CHK make up approximately 0.9% of the underlying holdings of XLE.

Posted on 9 October 2015 @ 6:32 pm

Friday Sector Leaders: Healthcare, Industrial

In afternoon trading on Friday, Healthcare stocks are the best performing sector, up 0.4%. Within that group, Regeneron Pharmaceuticals, Inc. (NASD: REGN) and Eli Lilly & Co. (NYSE: LLY) are two of the day’s stand-outs, showing a gain of 2.4% and 2.1%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (AMEX: XLV), which is up 0.2% on the day, and up 0.94% year-to-date. Regeneron Pharmaceuticals, Inc., meanwhile, is up 22.61% year-to-date, and Eli Lilly & Co. is up 26.12% year-to-date. Combined, REGN and LLY make up approximately 4.7% of the underlying holdings of XLV.

Posted on 9 October 2015 @ 6:32 pm

Storage Weekly Notes: New Developments For Western Digital, SanDisk, Seagate In Focus

Western Digital Corporation has made headlines in the past few weeks, with China-based Tsinghua Holdings planning to invest $3.8 billion for a 15% equity stake in the hard drive manufacturer. Meanwhile, rival Seagate Technology completed the acquisition of Dot Hill Systems this week, after announcing the acquisition in mid-August. Flash-storage provider SanDisk Corporation entered into a definitive agreement with tech giant Hewlett-Packard to produce a new grade of memory chips, which could compete with products made by the Intel-Micron JV announced earlier this year

Posted on 9 October 2015 @ 5:50 pm

Need For Speed To Give An Upper Hand To Electronic Arts This Holiday Season

The company is all set to release the console version of the game, perhaps by far the best edition ever, in the first week of November 2015. It will be the 21st major installment in the franchise and 2nd for the next-generation platforms. Electronic Arts broke the annual trend of 13 consecutive years, when the company decided not to release any Need for Speed title in fiscal 2015. The re-entrance of the title will boost the company’s revenue growth in the latter half of the current fiscal.

Posted on 9 October 2015 @ 5:48 pm

Here’s How Unilever Could Benefit From Acquiring Grom

Global consumer processed goods behemoth Unilever has extended its drive into the premium category by acquiring premium Italian ice cream brand Grom. The move pushes Unilever deeper into the high-value, high margin strategy which so far had centered around the company’s personal care products business. The Grom acquisition adds additional firepower to Unilever’s Refreshments segment, which benefited from the acquisition of premium gelato brand Talenti last year. The company did not disclose the terms of the transaction.

Posted on 9 October 2015 @ 5:46 pm

Alcoa Q3 Earnings Review: Productivity Improvements Partially Offset Impact Of Weak Aluminum Prices

The company reported an 11% year-over-year decline in revenues to $5.57 billion, due to a combination of divestments, smelting capacity closures and weak aluminum pricing, partially offset by rising revenues from the companies value-added segments, as a result of a combination of acquisitions and organic growth. The most important takeaway from the earnings call was the management?s confidence in the prospects of the company?s value-added businesses, after the company?s recent announcement to split its upstream and value-added businesses in the second half of 2016.

Posted on 9 October 2015 @ 5:43 pm

Intel’s Q3’15 Earnings Preview: Growth To Be Driven By Data Center, IoT & NAND

Leading PC microprocessor manufacturer, Intel will announce its Q3 2015 earnings on October 13th. We expect growth in the quarter to be driven by continued strength in the data center, Internet-of-Things (IoT) and NAND businesses. Despite deriving over 60% of its revenue from the PC market, Intel has done a good job weathering the impact of sluggish PC sales, as the company continues to transform and diversify its business. The data center, IoT and NAND segments accounted for almost 40% of Intel?s revenue and more than 70% of the overall operating profit in Q2 2015.

Posted on 9 October 2015 @ 5:42 pm

RTT News - United States

International Paper To Exit JV; Explore Options For Corrugated Box Business

Paper and packaging company International Paper Co. (IP) said Thursday that it has decided to exit its Chinese coated board joint venture and will pursue strategic options for its Asian corrugated box business.

Posted on 9 October 2015 @ 3:40 am

Vodafone Wins Battle In Transfer Pricing Case

Vodafone India, the second largest mobile network operator in India by subscriber base after Airtel, has won its battle against the income-tax department over transfer pricing case in the Bombay High Court.

Posted on 9 October 2015 @ 3:06 am

Alcoa- Seeking Growth From Split

Gone are the days when Alcoa lead the parade of companies set out to divulge their quarterly score card to the Street. Incidentally, PepsiCo. (PEP) pipped past Alcoa and reported forecast-beating results on Tuesday. Alcoa had even exited the Dow Industrial Average two years back, reflecting its waning importance to the economy and markets.

Posted on 8 October 2015 @ 8:15 am

WSJ: Dell In Talks With EMC Over Potential Merger

PC maker Dell Inc. is in talks with data-storage company EMC Corp. (EMC) over a possible merger, the Wall Street Journal reported Wednesday, citing people familiar with the matter.

Posted on 8 October 2015 @ 4:29 am

Costco Wholesale September Comps Flat, Sales Rise 2%

Membership warehouses operator Costco Wholesale Corp. (COST) on Wednesday reported a 2 percent increase in net sales for the month of September from the same period last year.

Posted on 8 October 2015 @ 3:35 am

Mistras Q1 Profit Rises; Shares Up 16%

Mistras Group Inc. (MG) Wednesday reported an increase in profit for the first quarter, driven largely by revenue growth and higher gross margins. Moving ahead, the infrastructure testing company maintained its full-year revenue outlook. Shares of the company surged a near 16 percent in the after-hours trading.

Posted on 7 October 2015 @ 8:39 pm

Volkswagen Names Hans Dieter Potsch As Chairman Of Supervisory Board

German automaker Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) said Wednesday that its supervisory board has named Hans Dieter Potsch as chairman of the board with immediate effect. The appointment of Potsch as chairman comes amid an emissions scandal that has played havoc with Volkswagen’s reputation and market value.

Posted on 7 October 2015 @ 3:35 pm

Deutsche Welle - Germany

Spain not hit by VW investment revision

The government in Madrid has said Spain will not be affected by German carmaker VW’s upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned.

Posted on 9 October 2015 @ 7:26 pm

G20 ministers back tax avoidance crackdown

Finance ministers from the world’s leading economies have thrown their weight behind a detailed plan to clamp down on large-scale tax avoidance by multinational firms. Existing loopholes are to be reduced.

Posted on 9 October 2015 @ 3:31 pm

Schaeffler shares rise in stock market debut

The German automotive parts maker has successfully made its long-awaited listing on the stock market. The company’s shares opened higher than the offering price, despite concerns engulfing the nation’s car industry.

Posted on 9 October 2015 @ 9:55 am

Heroes or traitors: Whistleblowers in German business

Whistleblowers have had a hard time in Germany for cultural and legal reasons alike. A small organization and a software maker are trying to change that and bring about a change of corporate culture.

Posted on 9 October 2015 @ 6:11 am

Belgium strike cuts off Germany, France and Netherlands

A 24-hour strike will halt most trains in Belgium, including international services to Britain, France and Germany. Rail workers are protesting cuts planned by the government of Prime Minister Charles Michel.

Posted on 9 October 2015 @ 1:34 am

Like it or not, Facebook to get more emotional

The world’s biggest social network says it is testing six new buttons to allow users to express a wider range of emotions than just ‘like.’ The announcement put to rest speculation a ‘dislike’ button was in the works.

Posted on 8 October 2015 @ 6:01 pm

Tax reform advocates doubt OECD plan

G20 finance ministers meeting in Peru have discussed cracking down on tax-dodging multinationals. But advocates of global tax reform say their plans fall short on transparency and might even make things worse.

Posted on 8 October 2015 @ 4:27 pm

The Jerusalem Post - Israel

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Yahoo - United States

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