Business news

• Trump says Sprint to bring 5,000 jobs back to U.S.

  28-12-2016 23:33 via news.yahoo.com
  
  U.S President-elect Donald Trump said on Wednesday wireless carrier Sprint Corp will bring 5,000 jobs back to the United States and OneWeb, a new company, will be hiring 3,000 people. "I was just called by the head people at Sprint and they are going to be bringing 5,000 jobs back to the United States, they are taking them from other countries," Trump told reporters outside his Mar-a-Lago estate in Florida.
  
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• Largest drop in two months as Wall St. rally loses steam

  28-12-2016 22:32 via news.yahoo.com
  
  Contracts to buy previously-owned U.S. homes fell in November to their lowest level in nearly a year, a sign that rising interest rates could be weighing on the housing market. The S&P 500 posted its largest daily decline since Oct. 11. Technology was the largest weight on major indexes, however, with Nvidia down 6.9 percent to $109.25 after short seller Citron Research said the market was overlooking the headwinds for the stock - which had earlier touched a record high.
  
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• Wall St. stumbles in broad selloff

  28-12-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - Stocks fell in low volume on Wednesday in a broad decline, triggered in part by a sharp drop in home resales.
  
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• New York eases proposed cyber regulations after industry complaints

  28-12-2016 20:49 via news.yahoo.com
  
  New York state's financial regulator on Wednesday revised a proposal for the nation's first cyber security rules for banks and insurers, loosening some security requirements and delaying implementation by two months to March 1. The rules from the New York State Department of Financial Services are being closely because they lay out unprecedented requirements on steps that financial firms must take to protect their networks and customer data from hackers and disclose cyber events to state regulat
  
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• FTC requires divestitures in $13.53 billion Boehringer-Sanofi deal

  28-12-2016 20:46 via news.yahoo.com
  
  The U.S. Federal Trade Commission said on Wednesday that German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle FTC charges that a proposed asset swap with Sanofi would harm competition. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5 billion animal care subsidiary and Sanofi's obtaining the Germany company's consumer health care business unit, valued at nearly $8 billion, the FTC said.
  
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• Kate Spade exploring sale: WSJ

  28-12-2016 19:41 via news.yahoo.com
  
  Shares of Kate Spade, which had a market value of $1.86 billion as of Tuesday's close, were up 16 percent at $16.83 after being halted twice. Hedge fund Caerus Investors said last month that the company would make a great acquisition candidate as its stock was trading at a discount to its peers. Sales of handbags have weakened over the past year in the United States, as people shop lesser at department stores in favor of online shopping.
  
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• NFL hopeful the Trudeau government will overturn CRTC Super Bowl ad ruling

  28-12-2016 19:34 via cbc.ca
  
  Bell Media and the National Football League filed their latest notices on Wednesday of appeal of a recent court ruling upholding the ban. But the league and the owners of CTV are hoping the Justin Trudeau government will intervene before the case is heard.
  
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• Takata could pay up to $1 billion to settle U.S. criminal probe: WSJ

  28-12-2016 19:33 via news.yahoo.com
  
  The final figure could be in the high hundreds of millions of dollars, the Journal reported on Wednesday, citing people familiar with the matter. Both the parties are discussing the possibility of the auto parts supplier pleading guilty to criminal misconduct as part of the settlement, which could take place as soon as January, though the timing could slip, the WSJ report said. Takata is expected to pay a part of the penalty up front and the rest over a number of years, according to the report.
  
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• Wall St. rally loses steam on losses across sectors

  28-12-2016 18:53 via news.yahoo.com
  
  The blue-chip index came within 19 points of the milestone shortly after the open, before slipping into negative territory as losses in Boeing and Walt Disney offset Goldman Sach's 0.96 percent gain. Boeing fell 0.8 percent to $156.26 after Delta Air Lines said on Tuesday that it had reached an agreement with the planemaker to cancel a $4 billion order for 18 Dreamliner aircrafts. U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be busi
  
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• New York revises, delays new cyber rules after industry complaints

  28-12-2016 18:52 via news.yahoo.com
  
  The rules from the New York State Department of Financial Services are being closely watched by financial services firms around the United States because they would be the first of their kind imposed by any state or federal agency. At a hearing last week before New York state lawmakers, banking and insurance industry representatives complained that the new rules did not distinguish between small and large financial institutions and might conflict with future U.S. government regulations. The New
  
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• U.S. shale companies to boost spending as banks loosen purse strings

  28-12-2016 18:49 via news.yahoo.com
  
  U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years. North America-focused oil and gas producers are expected to increase capital investments by 30 percent in 2017, according to analysts at Raymond James. A number of shale producers including Pioneer Natural Resources Co , Diamondback Energy Inc and RSP Permian Inc have forecast bigger budgets and increased output for
  
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• U.S. fund investors cheer stocks at year's end

  28-12-2016 18:46 via news.yahoo.com
  
  Stock mutual funds and exchange-traded funds netted $1.2 billion in the week through Dec. 21, while taxable bond funds added $1.7 billion, the trade group said. "Investors have been embracing riskier assets and moving away from safer municipal bonds and Treasuries, as the economy strengthens, rates move higher and confidence in a stronger 2017," said Todd Rosenbluth, director of ETF and mutual fund research at CFRA.
  
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• Wall St. falls for first time in three days

  28-12-2016 17:27 via news.yahoo.com
  
  The blue-chip index came within 19 points of the milestone shortly after the open, before slipping into negative territory as losses in Boeing offset Goldman Sach's 0.86 percent gain. Boeing fell 0.8 percent to $156.26 after Delta Air Lines said on Tuesday that it had reached an agreement with the planemaker to cancel a $4 billion order for 18 Dreamliner aircrafts. U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be business friendly, e
  
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• Better Buy: NIKE, Inc. vs. Adidas

  28-12-2016 17:06 via feeds.foxbusiness.com
  
  We run Adidas and Nike shares through a 3-part analysis to determine which athletic stock appears more attractive today.
  
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• 4 Reasons Polaris Industries Inc. Stock Could Fall

  28-12-2016 17:05 via feeds.foxbusiness.com
  
  2016 was a rough year for the vehicle maker, but there are still some risks to watch for in 2017.
  
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• Altria Group Inc.'s Worst Move in 2016

  28-12-2016 17:03 via feeds.foxbusiness.com
  
  The tobacco giant hasn't gotten on the same bandwagon as its international partner.
  
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• Roundtable: The Single Best Stock to Own Today

  28-12-2016 17:00 via feeds.foxbusiness.com
  
  Five Motley Fool contributors offer up candidates for a single stock that you should consider adding to your portfolio: GE, Netflix, Amazon, Ellie Mae, and Markel.
  
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• Better Buy: Realty Income Corporation vs. Regency Centers Corporation

  28-12-2016 16:43 via feeds.foxbusiness.com
  
  Which of these two dividend stocks is the better long-term bet?
  
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• Is It Hard to Get a Mortgage?

  28-12-2016 16:42 via feeds.foxbusiness.com
  
  Standards have tightened from the pre-housing bubble days, but are they actually tough?
  
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• Better Buy: Philip Morris International, Inc. vs. Verizon

  28-12-2016 16:40 via feeds.foxbusiness.com
  
  Which dividend giant is the smarter pick?
  
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• Energy companies and banks led rally on S&P 500 in 2016

  28-12-2016 16:32 via feeds.foxbusiness.com
  
  In 2016, the Standard & Poor's 500 index jumped 11 percent and bounced back from a flat result the year before, and energy companies and banks made some of the largest gains as investors bet on a stronger economy that will lead to more lending and spending.
  
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• The Ghost of GDP Past

  28-12-2016 16:30 via feeds.foxbusiness.com
  
  By Corey Hoffstein and Justin Sibears, Newfound Research Trend GDP growth is a critical determinant of traditional asset class returns. For equities, GDP growth has historically served as an upper bound to earnings growth. For bonds, short-term interest rates can be modeled as the sum of GDP growth, time preferences (i.e. the relative preference between…
  
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• My Turnaround Stock Watch List for 2017

  28-12-2016 16:24 via feeds.foxbusiness.com
  
  Here's why you should keep IBM, Chipotle, GoPro, and Ralph Lauren on your watch lists for 2017.
  
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• Pipelines named as 2016's top business story

  28-12-2016 16:12 via cbc.ca
  
  The debate over pipeline development — the economic benefits and environmental concerns it carries — has been selected as The Canadian Press business news story of 2016.
  
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• Pending home sales drop to 10-month low in November

  28-12-2016 16:04 via news.yahoo.com
  
  Contracts to buy previously owned U.S. homes fell in November to their lowest level in nearly a year, a sign rising interest rates could be weighing on the housing market, the National Association of Realtors said on Wednesday. "The brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers," the NAR said in a statement accompanying the figures. The November index was at its lowest level since January and 0.4 percent lower than in November 2015, the NAR said.
  
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• Wall St. stocks slide away from 20,000 to a broadly lower close

  28-12-2016 15:45 via cbc.ca
  
  U.S. stocks closed broadly lower on Wall Street, more than wiping out the gains from a day earlier. Meanwhile, Canada's benchmark stock index gained ground.
  
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• Wall St. slips as technology, consumer stocks weigh

  28-12-2016 15:45 via cbc.ca
  
  Wall Street slipped for the first time in three days on Wednesday, pulling the Dow away from the elusive 20,000 mark following broad declines across sectors.
  
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• Stocks open higher, Dow pushes for 20,000

  28-12-2016 15:45 via cbc.ca
  
  Stocks opened higher on Wednesday, with investors hoping that gains in technology and financial stocks would nudge the Dow Jones Industrial Average beyond 20,000, a level it has never breached.
  
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• Dow set to make fresh push to 20,000

  28-12-2016 15:04 via news.yahoo.com
  
  The blue-chip index came within 20 points of the psychological milestone on Tuesday, helped by gains in technology stocks, which also pushed the Nasdaq to a record high. U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be business friendly, especially to banks and industrials. "Even in quiet times, crowd behavior often rules and many investors are looking forward to the new year," said Andre Bakhos, managing director at Janlyn Capital L
  
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• Start, switch, stop: How to regroup your IT projects to prepare people for change

  28-12-2016 15:00 via techrepublic.com
  
  As an IT leader, explaining your tech projects can be difficult. Here's how you can group your IT projects to better prepare users for what they entail.
  
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• Oil holds near annual peaks, awaiting OPEC cuts

  28-12-2016 14:08 via news.yahoo.com
  
  By Dmitry Zhdannikov LONDON (Reuters) - Oil prices edged up for a fourth consecutive session on Wednesday, close to their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year. International Brent crude futures were up 12 cents at $56.21 a barrel by 1248 GMT (7:48 a.m. ET). U.S. benchmark West Texas Intermediate (WTI) crude oil prices were up 7 cents at $53.97 per barrel, not far from the year's high of $54.51 reached on Dec. 12.
  
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• Alibaba entertainment affiliate to invest over $7.2 billion over next three years

  28-12-2016 13:19 via news.yahoo.com
  
  Alibaba Digital Media and Entertainment Group, the entertainment affiliate of Alibaba Group Holding Ltd , plans to invest more than 50 billion yuan ($7.2 billion) over the next three years, the affiliate's chief executive said. Alibaba's entertainment business underwent a major reorganization in October, marking a total consolidation of the company's media assets. At the same time, Yu, former CEO of Alibaba unit UCWeb Inc, became the chairman and chief executive of the new operation.
  
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• Dollar stirs from slumber as yield gap yawns

  28-12-2016 12:13 via news.yahoo.com
  
  The dollar also edged higher after U.S. consumer confidence shot to its highest in more than 15 years in December on hopes that President-elect Donald Trump will nurture further improvements in the world's biggest economy. Copper on the London Metal Exchange was up 1 percent at $5,513 per ton as trading resumed after the Christmas holidays.
  
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• Hacking News: 3 Chinese Men Charged With Stealing Data From US Merger Law Firms That Made Them $4 Million

  28-12-2016 11:49 via ibtimes.com
  
  Three Chinese residents were charged Tuesday by the United States for hacking and stealing insider information from the computers of New York law firms that advise companies on mergers and acquisitions (M&A). Using the stolen data, the defendants allegedly made $4 million.
  
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• Delta Cancels $4B Order For 18 Boeing 787 Dreamliner Aircraft Inherited From Northwest

  28-12-2016 11:36 via ibtimes.com
  
  Delta Air Lines said Tuesday it has reached an agreement with Boeing Co. to cancel an order placed for 18 Boeing 787 Dreamliner aircraft that it inherited as a part of its merger with Northwest Airlines.
  
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• Oil prices hold near annual peaks, awaiting OPEC cuts

  28-12-2016 11:33 via news.yahoo.com
  
  SEOUL/LONDON (Reuters) - Oil prices rose for a fourth consecutive session on Wednesday to trade above $56 a barrel, not far off their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year. International Brent crude futures were up 36 cents at $56.45 a barrel by 1000 GMT (5:00 a.m. ET). U.S. benchmark West Texas Intermediate (WTI) crude oil prices were up 27 cents at $54.17 per barrel, not far from the year's high of $54.51 reached on Dec. 12.
  
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• ‘The Good Wife’ Spinoff Spoilers: ‘The Good Fight’ Creators Had To Rewrite Script After Donald Trump’s Victory

  28-12-2016 11:26 via ibtimes.com
  
  Reality is stranger than fiction. Creators of “The Good Wife” spinoff series, titled “The Good Fight,” were forced to rewrite the script of after Donald Trump won the Presidential Elections after defeating Hillary Clinton.
  
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• ‘Supergirl’ Star Melissa Benoist Splits With Husband Blake Jenner: Fans React To ‘Glee’ Couple’s Divorce

  28-12-2016 11:23 via ibtimes.com
  
  “Supergirl” actress Melissa Benoist has just filed for divorce from her husband Blake Jenner.TMZ broke the shocking news on Tuesday evening, Dec. 27. And since then, fans of the “Glee” couple have taken to Twitter to express their sadness over the unexpected split.
  
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• When Will ‘America's Got Talent’ Holiday Special Air On NBC?

  28-12-2016 11:11 via ibtimes.com
  
  “America’s Got Talent” recently taped its “Holiday Special,” which will air on NBC on Thursday, Dec. 29.
  
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• CRTC reviews, rulings in 2017 that could affect your phone, TV and Internet bills

  28-12-2016 11:00 via cbc.ca
  
  Canadians pay some of the highest prices in the world for their cellphone, internet and TV services, but those bills could change depending on how Canada's broadcast regulator handles some major issues it's expected to decide on next year.
  
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• Clinton Email Scandal Update: Appeals Court Reverses Lower Court Ruling, Revives Private Email Server Suits

  28-12-2016 10:57 via ibtimes.com
  
  An appeals court reversed a lower court’s ruling on Tuesday saying two U.S. government agencies did not do enough to recover emails pertaining to the investigation involving former Democratic presidential nominee Hillary Clinton’s use of a private email server when she served as secretary of state.
  The three-judge panel — comprised of Judges Stephen Williams, Brett Kavanaugh and Robert Wilkins — ruled that the lower court judge should not have thrown out the cases as moot
  
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• ‘Big Bang Theory’ Season 10 Spoilers: Episode 12 Synopsis Teases Amy, Sheldon's Trip To Texas

  28-12-2016 10:55 via ibtimes.com
  
  “Big Bang Theory” Season 10, episode 12 will focus on Sheldon (Jim Parsons) and Amy (Mayim Bialik) telling Leonard (Johnny Galecki) and Penny (Kaley Cuoco) what happened during their recent trip to Texas.
  
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• Writedown fears wipe $5 billion off Toshiba's value as it weighs options

  28-12-2016 10:54 via news.yahoo.com
  
  By Makiko Yamazaki TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chicago Bridge & Iron last year, CB&I Stone & Webster, meant it could face 'several billion dollars' in charges, acknowledgin
  
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• Jennifer Lopez Shares Sweet 'Cuddling' Photo With Rumored Boyfriend Drake On Instagram

  28-12-2016 10:46 via ibtimes.com
  
  Jennifer Lopez recently shared a sweet photo of her and rumored boyfriend Drake cuddling.
  On her Instagram account, the actress and Drake can be seen hugging each other. Lopez’s eyes are closed, while Drake looks straight into the camera.
  
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• ‘12 Monkeys’ Actor Aaron Stanford Turned 40! 3 Things You Didn’t Know About Syfy Star

  28-12-2016 10:44 via ibtimes.com
  
  “12 Monkeys” actor Aaron Stanford has entered his 40s. The handsome Syfy star turned 40 years old on Tuesday, Dec. 27. He certainly doesn’t look his age!
  
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• Shallow 5.7-Magnitude Earthquakes Hit California-Nevada Border: USGS

  28-12-2016 10:20 via ibtimes.com
  
  UPDATE: 4:33 a.m. EST — Magnitude of the third earthquake that hit Nevada in the early hours of Wednesday was revised slightly downward to 5.5 by the U.S. Geological Survey. Initial measurements had put it at 5.6 on the Richter scale.
  
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• What Is An Emotional Hangover? It Can Affect Perception Of Future Experiences, Research Finds

  28-12-2016 10:15 via ibtimes.com
  
  Beyond the biological fact of billions of neural connections in the brain, how human memory works is poorly understood. A new study by researchers from New York University (NYU) sheds some light on the effect emotional experiences have on how experiences are remembered by the brain.
  
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• US-Israel Relations 2016: Top Democrat Urges Kerry Not To Engage In Israel-Palestinian Mediation

  28-12-2016 10:00 via ibtimes.com
  
  A senior democrat criticized the Obama administration on Tuesday for their handling of the diplomatic row that has erupted with the Israeli government over the U.N. Security Council resolution condemning Israeli settlement activity.
  
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• ‘Modern Family’ Season 8 Spoilers: Episode 10 Synopsis Teases Cam’s Reunion With His Ex-Boyfriend

  28-12-2016 09:57 via ibtimes.com
  
  “Modern Family” Season 8, episode 10 will see Cam (Eric Stonestreet) treating his entire family to a lavish New Year’s Day feast.
  
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• South Korea fines Qualcomm $854 million for violating competition laws

  28-12-2016 09:50 via news.yahoo.com
  
  By Se Young Lee and Stephen Nellis SEJONG, South Korea/SAN FRANCISCO (Reuters) - South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker said it will challenge in court. The fine, the largest ever levied in South Korea, marks the latest antitrust setback for Qualcomm's most profitable business of licensing wireless patents to the mobile industry, at a
  
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