News for the Stock Market Today 1-7-16 | Trader News

News for the Stock Market Today 1-7-16 | Trader News

News for the Stock Market Today 1-7-16 | Trader News

Macro

China’s stocks trading halted for the day after tumbling over 7 pct   Xinhua

Japan’s Nikkei in worst new year start in two decades  Reuters

Food prices plunge in 2015 on high supply, low demand, strong dollar   Reuters

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News for the Stock Market Today 1-7-16 | Trader NewsCompanies

AMZN   ARMH    Amazon Enters Semiconductor Business With Its Own Branded Chips   (Amazon’s Annapurna Labs (acquired Israeli company in ‘15) aims for customers creating home equipment.)     WSJ

CRL    Charles River Laboratories to Acquire WIL Research    Press Release

BAYRY     SYT    EPA Says Insecticide May Pose Risk to Bees  (Report says chemical called imidacloprid can hurt bee colonies during specific situations.)  WSJ

Pharmaceuticals – Healthcare – Biotech

VRX   PG   G   BiOL  CAW  (not mentioned)   Teeth whitening can cause permanent damage    Xinhua

UNH  NY orders UnitedHealth to pay $100,000 to settle antitrust probe     Press Release

MRK     Merck and Biocartis to Collaborate on New Liquid Biopsy Technology for RAS Biomarker Testing  CNW Group

Retail

M    Macy’s to Cut 4500 Jobs, After Holiday Sales Slump   NY Times

JLL    JLL Acquires ACREST, a Leading Retail Asset Management Business in Germany   Press Release

HBC  GSVC      Gilt to Announce Sale to Saks Owner as Soon as Thursday   Re/code

Apple – Apple Pay

Apple to open 30th Chinese retail outlet next week in Xiamen   Apple Insider

Catcher cuts capex for 2016 in response to client orders   Digitimes

Weak iPhone sales affect December performance at Taiwan panel makers    Digitimes

Fact   Tim Cook earns $10.3M in 2015 as other executives bring home $25M each   9to5Mac

Futurelook   Future iDevices will be able to Automate Maintenance   Patently Apple

Energy – Commodities

Oil slumps to $32 as fears about China’s economy grow  (14 year low)   CNN Money

Energy Companies Cut Drilling Budgets—and Are Punished  (Wall Street has been calling for oil and gas companies to decrease costs, but those who hold seen shares hit.)    WSJ

TRP   TransCanada seeks $15bn over Keystone   Financial Times

FSLR   (not mentioned)  Brazil doubles solar targets for utility-scale and distributed generation   pv magazine

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