Finance news

• Australia shares set to open lower

  08-12-2014 23:17
  SYDNEY, Dec 9 (Reuters) - Australian shares are set to open lower on Tuesday under pressure from a weaker Wall Street, which closed lower on concerns over global economic growth. Resources and energy...
  
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• UPDATE 2-Greek government, in political gamble, brings forward crucial presidential vote to next week

  08-12-2014 23:09
  (Adds main opposition party statement, analysts' comments)
  
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• IMF visits Ukraine for bailout talks

  08-12-2014 23:00
  * Kiev had hoped to receive next tranche of $2.7 bln by year-end
  
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• Amazon to use bike messengers for one-hour delivery in New York City-WSJ

  08-12-2014 22:59 via news.yahoo.com
  
  (Reuters) - E-commerce giant Amazon.com Inc plans to experiment with bike messengers to offer deliveries in New York City within an hour, the Wall Street Journal reported, citing a source familiar with the matter. The company was not immediately available for comment. The superfast service, dubbed "Amazon Prime Now", attempts to replicate shopping in a physical store by delivering some items in an hour or two, the WSJ report said. (http://on.wsj. ...
  
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• Petrobras faces class-action lawsuit in New York court over graft

  08-12-2014 22:58
  RIO DE JANEIRO, Dec 8 (Reuters) - State-controlled oil company Petroleo Brasileiro SA and its top executives face a class-action lawsuit in a federal court in New York over an alleged contract...
  
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• Exclusive: JCDecaux eyes Clear Channel Outdoor European assets - sources

  08-12-2014 22:58 via news.yahoo.com
  
  By Liana B. Baker and Anjuli Davies NEW YORK/LONDON (Reuters) - JCDecaux SA , the world's biggest outdoor advertising group, is exploring a bid for the European advertising assets of U.S. rival Clear Channel Outdoor Holdings Inc , according to people familiar with the matter. The deal would combine the European assets of the two largest outdoor advertising agencies, helping JCDecaux weather an economic downturn on the continent. It could also attract scrutiny from regulators over antitrust
  
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• S&P 500 posts worst day since Oct; energy shares sink

  08-12-2014 22:55 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil's slump to a five-year low caused a selloff in energy shares. Worries about global growth added to the bearish tone. Data showed China's exports grew at a slower-than-expected pace and imports dropped in November, while Japan's economy shrank more than expected in the third quarter. The S&P energy index tumbled 3.9 percent and traded at its lowe
  
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• Bill Gross' Janus Global Unconstrained assets surpass $1 billion

  08-12-2014 22:53
  
  NEW YORK (Reuters) - The Janus Global Unconstrained Bond Fund, which Pimco co-founder Bill Gross started managing in October, attracted an estimated $770 million in November, bringing its assets to...
  
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• U.S. sues Deutsche Bank for alleged tax fraud, seeks $190 million

  08-12-2014 22:51 via news.yahoo.com
  
  By Jonathan Stempel NEW YORK (Reuters) - The U.S. government on Monday sued Deutsche Bank AG , seeking to recoup more than $190 million from the German bank over alleged tax fraud more than 14 years ago. According to a complaint filed in the U.S. District Court in Manhattan, Deutsche Bank used "insolvent" shell companies to conduct a series of fraudulent conveyances designed to hide taxable gains from the U.S. Internal Revenue Service. U.S. ...
  
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• UPDATE 2-Bill Gross' Janus Global Unconstrained assets surpass $1 bln

  08-12-2014 22:50
  (Adds quote from Janus spokesperson, details on Janus Global Unconstrained portfolio)
  
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• U.S. stocks stumble, oil falls to five-year lows

  08-12-2014 22:50 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - U.S. and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015. The euro sagged to 2-1/2-year lows against the dollar after European Central Bank policymaker Ewald Nowotny warned of a "massive weakening" of the euro zone economy and said the purchase of state bonds could provide a boost. ...
  
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• CANADA FX DEBT-Sinking crude sends C$ to weakest close in more than 5 years

  08-12-2014 22:49
  (Adds details, fresh comment, closing figures) * Canadian dollar closes at C$1.1482, or 87.09 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, Dec 8 (Reuters) - The...
  
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• New Jersey panel finds Governor Christie not involved in 'Bridgegate'

  08-12-2014 22:48
  NEW YORK, Dec 8 (Reuters) - A panel convened to investigate lane closings at the George Washington Bridge said on Monday it found no evidence that New Jersey Governor Chris Christie was involved in...
  
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• UPDATE 1-U.S. sues Deutsche Bank for alleged tax fraud, seeks $190 mln

  08-12-2014 22:48
  NEW YORK, Dec 8 (Reuters) - The U.S. government on Monday sued Deutsche Bank AG, seeking to recoup more than $190 million from the German bank over alleged tax fraud more than 14 years ago.
  
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• TREASURIES-Yield curve flattest in six years as rate hike expectations rise

  08-12-2014 22:43
  (Recasts with yield curve, adds quote, updates prices) * Five-year, 30-year yield curve flattest in six years * Three-year note yields at 3-mth highs before auction By Karen Brettell NEW YORK, Dec 8...
  
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• McDonald's and Sony are big market movers

  08-12-2014 22:41 via news.yahoo.com
  
  Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE McDonald's Corp., down $3.70 to $92.61 The world's biggest burger chain said sales ...
  
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• GLOBAL MARKETS-U.S. stocks stumble, oil falls to 5-year lows

  08-12-2014 22:40
  * U.S., German government bonds get lift on growth worries (Updates late U.S. market action, adds quote)
  
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• Repsol and Talisman revive talks: Bloomberg

  08-12-2014 22:38
  (Reuters) - Repsol SA and Talisman Energy Inc have revived talks and are in the process of discussing options that could include sale of a selection of assets or the entire company, Bloomberg...
  
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• UPDATE 1-Operator of bitcoin stock exchange penalized by U.S. SEC

  08-12-2014 22:36
  WASHINGTON, Dec 8 (Reuters) - The operator of a stock exchange that allowed clients to use bitcoins to trade in certain securities was ordered by U.S. regulators to pay $68,000 to resolve claims that...
  
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• NZ government, Fonterra ill-prepared for 2013 dairy recall -report

  08-12-2014 22:11
  WELLINGTON, Dec 9 (Reuters) - A New Zealand inquiry into a food safety scare involving the Fonterra dairy co-operative has found that both the government and the world's largest dairy exporter were...
  
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• UPDATE 3-Los Angeles freeways jammed after huge construction site fire

  08-12-2014 22:11
  (Adds details about the fire, damage throughout; freeway reopened)
  
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• Funds bought record amount of U.S. 5-year notes -Treasury data

  08-12-2014 22:11
  NEW YORK, Dec 8 (Reuters) - Investment funds bought more than 50 percent of the $35 billion of U.S. five-year government debt offered in November, making their purchase the biggest at a five-year...
  
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• Wall Street ends down with energy; S&P has worst day since October

  08-12-2014 22:09 via news.yahoo.com
  NEW YORK (Reuters) - U.S. stocks ended lower on Monday and the S&P 500 posted its biggest daily percentage drop since October following a sell-off in energy shares.
  
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• RPT-China advisers recommend 7 pct growth goal in 2015 as leaders meet

  08-12-2014 22:00
  * Commodity price fall seen justifying lower inflation target
  
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• Asian foot-dragging leaves taxpayers on hook for bank bail-outs

  08-12-2014 22:00
  HONG KONG, Dec 9 (Reuters) - Asia's financial regulators are dragging their feet on implementing measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs...
  
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• Brazil's JBS pulls plan to sell debt, buy back bonds

  08-12-2014 21:38
  SAO PAULO, Dec 8 (Reuters) - JBS SA, the world's largest meatpacker, pulled on Monday a plan by a subsidiary to sell 10-year bonds and buy back as much as $900 million in debt due in 2018, according...
  
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• U.S. sues Deutsche Bank over unpaid taxes, seeks over $190 mln

  08-12-2014 21:35
  NEW YORK, Dec 8 (Reuters) - The U.S. government filed a lawsuit on Monday accusing Deutsche Bank AG of tax fraud for engaging in a series of transactions designed to evade federal income taxes.
  
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• Franklin Income Fund hit by oil slump, but sees opportunity

  08-12-2014 21:34
  BOSTON, Dec 8 (Reuters) - The Franklin Income Fund is used to top-dog status among its mutual fund peers, but a 40 percent slide in oil prices since June has hammered its recent performance.
  
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• U.S. SEC official: Close to recommendations on global accounting

  08-12-2014 21:30
  NEW YORK/LONDON, Dec 8 (Reuters) - A U.S. Securities and Exchange Commission official said on Monday he may have recommendations "in the near future" on the use by U.S. corporations of global...
  
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• Oil dives 4 percent to five-year low as selling snowballs

  08-12-2014 21:20 via news.yahoo.com
  
  By Jessica Resnick-Ault NEW YORK (Reuters) - Oil dived 4 percent to new five-year lows on Monday, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year. The chief executive of Kuwait's national oil company said oil prices were likely to remain around $65 a barrel for the next six to seven months, the latest indication that Gulf producers are content to ride out the rout. The pessimistic outlook deep
  
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• Merger momentum to continue in 2015, EY says

  08-12-2014 21:15 via news.yahoo.com
  
  NEW YORK (AP) — A banner year for mergers and acquisitions will be followed by more deals next year as executives grow more confident in the strength of the U.S. economy, according to the consultancy firm EY.
  
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• Wall Street drops with energy shares; global data disappoints

  08-12-2014 20:57 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Monday, putting the S&P 500 on track for its biggest daily percentage decline since October, as energy shares fell with oil prices and global growth concerns rose following soft data out of China and Japan.
  
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• Busting the myths of haggling for college aid

  08-12-2014 20:51
  
  LOS ANGELES (Reuters) - My daughter learned this little ditty in preschool: "You get what you get, and you don't get upset." Parents who are convinced they can haggle their way to a better financial...
  
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• Madoff trustee loses appeal on clawbacks

  08-12-2014 20:21
  
  NEW YORK (Reuters) - Victims of Bernard Madoff's Ponzi scheme may recover less money than they had hoped after a federal appeals court limited the ability of the trustee liquidating the swindler's...
  
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• Retirement target-date funds make hedge fund style bets

  08-12-2014 20:02
  
  (Reuters) - A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets.
  
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• UPDATE 1-Madoff's ex-back office director gets 10 years in prison

  08-12-2014 19:53
  NEW YORK, Dec 8 (Reuters) - Bernard Madoff's former back office director was sentenced to 10 years in prison on Monday for helping the convicted fraudster conceal his massive Ponzi scheme for...
  
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• Wall Street falls with energy shares; global data disappoints

  08-12-2014 19:47 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks declined on Monday, dragged lower by a big drop in energy shares and global growth concerns following soft data out of China and Japan.
  
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• UPDATE 1 INSIGHT-Retirement target-date funds make hedge fund style bets

  08-12-2014 19:47
  (Adds details about target-date fund strategies in fourth paragraph)
  
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• UPDATE 2-Madoff trustee loses appeal on clawbacks

  08-12-2014 19:25
  (Adds details from decision, comments from trustee and customers' lawyers)
  
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• Canada's Bombardier bows out of Amtrak's Acela procurement

  08-12-2014 18:52
  TORONTO (Reuters) - Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the...
  
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• Cubist options unusually active before Merck deal

  08-12-2014 18:50
  NEW YORK, Dec 8 (Reuters) - Cubist Pharmaceuticals Inc options had one of their most active weeks this year last week ahead of Monday's announcement that Merck & Co will buy Cubist for a hefty...
  
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• U.S., European stocks fall; oil hits five-year low

  08-12-2014 17:57 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - U.S. and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015. The euro sagged to 2-1/2-year lows against the dollar after European Central Bank policymaker Ewald Nowotny's warned of a "massive weakening" of the euro zone economy and said the purchase of state bonds could provide a boost. ...
  
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• UK's FTSE flounders as commodity stocks crumble

  08-12-2014 17:48
  * BP also hit by U.S. Supreme Court blow on 2010 oil spill
  
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• Man Group to take on Merrill Lynch $1.2 billion fund of hedge fund portfolio

  08-12-2014 17:43
  LONDON (Reuters) - Man Group, the world's biggest listed hedge fund, said on Monday it had agreed to manage a Merrill Lynch fund of hedge fund portfolio totalling $1.2 billion.
  
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• Wall St. flat after Japan, China data; biotechs climb

  08-12-2014 17:14 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks were little changed on Monday, as investors weighed the strength of the U.S. economy against global growth concerns following soft data out of China and Japan, while biotechs rose on merger activity.
  
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• McDonald's warns that weak sales will hit fourth-quarter profit

  08-12-2014 17:07 via news.yahoo.com
  
  By Lisa Baertlein (Reuters) - McDonald's Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants in November, hurt by weakness in the United States and Asia, and warned that such results would "significantly pressure" margins in the current quarter. November marked the sixth straight month of worldwide same-restaurant sales declines at McDonald's, which is battling changing consumer tastes, tough U.S. competition, the after-effects of a
  
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• BRIEF-Northland Resources: court approves bankruptcy for Swedish units

  08-12-2014 17:03
  * Says court has approved Northland's request for bankruptcy
  for Swedish subsidiaries
  
  Source text: http://bit.ly/15ZObBe
  Further company coverage:
  
  (Gdynia Newsroom)
  
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• TSX opens lower on global growth concerns, oil prices

  08-12-2014 16:40 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index opened lower on Monday, weighed by sluggish data from Asia, a European Central Bank policymaker’s warning about the bloc’s economy and a selloff in oil prices. The Toronto Stock Exchange's S&P/TSX composite index was down 160.13 points, or 1.11 percent, at 14,313.57 shortly after the open. (Reporting by John Tilak; Editing by Bernadette Baum)
  
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• India's regulator clears Sun Pharma-Ranbaxy deal

  08-12-2014 16:34
  
  MUMBAI (Reuters) - India's antitrust regulator approved generic drugmaker Sun Pharmaceutical Industries' $3.2 billion bid to buy Ranbaxy Laboratories, but ordered the firms to divest seven products...
  
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• UK's FTSE retreats as commodity stocks fall

  08-12-2014 16:20
  LONDON, Dec 8 (Reuters) - Britain's top equity index retreated on Monday, with commodity stocks hurt by a new drop in the oil price and concerns about the pace of global economic growth after...
  
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