Financial News

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications (DISCA) received a price-target reduction Tuesday from Pivotal Research Group as the firm warned clients it continues to expect “relatively weak fundamentals for video-centric media owners.” The new price target is $26 per share, down from $28. However, this is still well above the stock’s Monday closing price of $19.06, as Pivotal kept its investment rating on the […]

ECB Doesn’t See Sufficient Progress on Wages

European Central Bank President Mario Draghi said the central bank is “looking very closely at the labor market and wage bargaining,”adding that it sees some progress, but not enough. Action Economics said that as they highlighted in their report last week, since the crisis, official unemployment measure seem to be understating the degree of slack in the labor market and […]

Eurozone Investor Sentiment Hits Decade High in October – Sentix

Eurozone Investor Sentiment Hits Decade High in October – Sentix

A closely-watched gauge of investor sentiment in the Eurozone surged to a decade high in October, boding well for a region which has been struggling to shake off the shackles of a protracted period of slow economic growth since the financial crisis. The Sentix Economic Index, which is based on a survey of 992 investors, rose by 1.5 points to […]

Toshiba Seals $18 Bn Deal to Sell Memory-Chip Business to Bain Capital-Led Consortium

Toshiba Seals $18 Bn Deal to Sell Memory-Chip Business to Bain Capital-Led Consortium

Japan’s Toshiba (6502.T) has signed an agreement to sell its chip-making division, Toshiba Memory Corporation, to a consortium led by Bain Capital in a transaction worth 2 trillion Japanese yen ($17.73 billion), after a drawn-out bidding process. The transaction value includes a 350 billion yen reinvestment in the company from Toshiba, 212 billion yen from Bain Capital as well as […]

OPTIONS Chinese Internet Names Option Implied Volatility into China Communist Party Congress

OPTIONS Chinese Internet Names Option Implied Volatility into China Communist Party Congress

Chinese Internet names option implied volatility into China Communist Party Congress Baidu.com (BIDU) 30-day option implied volatility is at 33; compared to its 52-week range of 18 to 44 Ctrip.com (CTRP) 30-day option implied volatility is at 53; compared to its 52-week range of 22 to 43 New Oriental Education (EDU) 30-day option implied volatility is at 39; compared to […]