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Nike Inc.’s stock ran up 3.3% in premarket trade Wednesday, boosted by an upgrade at Susquehanna Financial Group analyst Christopher Svezia, who said the athletic apparel maker’s shares look attractive after the recent selloff. Svezia raised his rating to positive from neutral, and listed his stock price target to $122–18% above Tuesday’s closing price–from $103. The stock has slumped 11% since its Aug. 5 record close of $116.75, in line with the drop in the Dow Jones Industrial Average over the same time. He said growth in key regions such as North America and Western Europe is continuing, with a potential turn in emerging markets. As for China, Svezia said demand remains “robust” with near-term concerns getting priced in. “Global investments are leveraging and should set the stage for top- and bottom-line outperformance in the next 12-18 months,” Svezia wrote in a note to clients.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of European oilfield equipment and services companies jumped Wednesday after oilfield-services giant Schlumberger Ltd. said it plans to buy Cameron International Corp. in a deal valued at $14.8 billion. The gains helped the Stoxx Europe 600 pare its loss, to 0.7%. Italy’s Saipem SA climbed 9.3% and Norway’s Seadrill Ltd. and Subsea 7 each surged 9%, while France’s Technip SA tacked on 7.1%. Schlumberger said its deal with Cameron offers “new growth opportunities by creating the industry’s first complete drilling and production systems.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Oilfield-services giant Schlumberger Ltd. announced Wednesday that it plans to acquire Cameron International Corp. in a deal valued at $14.8 billion, saying the deal offers “new growth opportunities by creating the industry’s first complete drilling and production systems.” Shares in Cameron, which makes equipment for the energy industry, gained 41% in premarket action, while Schlumberger shares fell 0.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The People’s Bank of China moved to ease the economy further on Wednesday, saying it will inject 140 billion yuan ($21.80 billion) into the financial system through a short-term liquidity adjustment (SLO) operation. The SLO loans come with a 2.3% interest rate. Short-term liquidity operations were launched by the PBOC in 2013 to reduce fluctuations in liquidity and stabilize interbank funding costs. Wednesday’s move comes a day after the Chinese central bank cut its benchmark interest rates and lowered the reserve-requirement ratio for banks in the wake of recent stock-market turmoil in the country. However, Tuesday’s interest-rate cuts failed to revive the Chinese equity market, with the Shanghai Composite Index closing 1.3% lower.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The People’s Bank of China moved to ease the economy further on Wednesday, saying it will inject 140 billion yuan ($21.80 billion) into the financial system through a short-term liquidity adjustment (SLO) operation. The SLO loans come with a 2.3% interest rate. Short-term liquidity operations were launched by the PBOC in 2013 to reduce fluctuations in liquidity and stabilize interbank funding costs. Wednesday’s move comes a day after the Chinese central bank cut its benchmark interest rates and lowered the reserve-requirement ratio for banks in the wake of recent stock-market turmoil in the country. However, Tuesday’s interest-rate cuts failed to revive the Chinese equity market, with the Shanghai Composite Index closing 1.3% lower.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Don’t throw away those old window screens just yet. Here are 10 “a-ha!” ways to reuse them …read more

From:: DIY this old house

Bad homeowner habits could be undermining your house. Here’s how to nip serial “oopses” in the bud—and how to make them right …read more

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This Old House landscape contractor Roger Cook transforms an old, ugly city slab into an urban oasis …read more

From:: DIY this old house

The China Financial Futures Exchange has increased margin requirements for stock-index futures due to the “market situation,” the exchange said in a statement dated Wednesday. The exchange’s moves represent an effort to limit speculation after stock-index futures tumbled by their daily limit of 10% for two sessions in a row, a Reuters report said. Beyond increasing margin requirements, the exchange also unveiled new transaction fees and restrictions on daily open positions.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

OshKosh Corp. shares rose 12% in after-hours trading Tuesday after news that the company won a $6.7 billion contract with the U.S. military. Oshkosh will start producing 17,000 light trucks, called joint light tactical vehicles, this year, according to media reports. The trucks will replace the famed humvees as the U.S. military’s primary light combat vehicle. Oshkosh beat rival Lockheed Martin and AM General for the contract. Shares of Lockheed Martin rose 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News