Finance news

• U.S. hedge fund manager Ackman makes $10 mln charity donation

  09-01-2015 23:54
  BOSTON, Jan 9 (Reuters) - William Ackman is putting his money where his mouth is.
  
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• Mexico's telco regulator fines Dish Mexico for Telmex deal

  09-01-2015 23:38
  MEXICO CITY, Jan 9 (Reuters) - Mexico's telecommunications regulator has fined satellite TV provider Dish Mexico 43 million pesos ($2.95 million) for failing to disclose a tie-up with Carlos Slim's...
  
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• UPDATE 4-Cyprus Airways closed down after EU state aid ruling

  09-01-2015 23:21
  * Last flight occurred on Friday evening
  
  (Adds Commission said restructuring based on "unrealistic
  assumptions")
  
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• UPDATE 1-20 states join U.S. antitrust probe of Family Dollar merger

  09-01-2015 23:18
  WASHINGTON, Jan 9 (Reuters) - Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores...
  
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• ON THE MOVE-Ohio-based Cirrus wealth firm spins off of Rehmann

  09-01-2015 23:14
  NEW YORK, Jan 9 (Reuters) - Royal Alliance, a broker dealer division of AIG Financial Distributors, added a new team of brokers managing $300 million in assets to its network of independent advisory...
  
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• U.S. charges Connecticut teenager with running Ponzi scheme

  09-01-2015 23:11
  Jan 9 (Reuters) - A Connecticut teenager has been indicted for allegedly running a nearly $500,000 Ponzi scheme in which he falsely promised high investment returns by reselling electronics online...
  
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• California Governor Brown announces $113 billion budget for 2015-16

  09-01-2015 23:03 via news.yahoo.com
  
  By Sharon Bernstein SACRAMENTO, Calif. (Reuters) - California Democratic Governor Jerry Brown on Friday released his 2015-16 state budget, calling for $113 billion in proposed general fund spending, up just 1.4 percent from the year before despite the state's substantial economic recovery. Brown, a fiscal moderate whose tight-fisted policies helped stabilize state finances, proposed modest increases in spending on public schools and for health and human services, but tightened the budget fo
  
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• UPDATE 2-California Gov. Brown announces $113 bln budget for 2015-16

  09-01-2015 22:58
  SACRAMENTO, Calif., Jan 9 (Reuters) - California Democratic Governor Jerry Brown on Friday released his 2015-16 state budget, calling for $113 billion in proposed general fund spending, up just 1.4...
  
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• Wall St. retreats after two-day advance; jobs data mixed

  09-01-2015 22:51 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Friday following a two-day rally as December's jobs report gave a mixed view of the economy, with financial shares leading the way lower.
  
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• Fitch cuts Russia credit rating, sets negative outlook

  09-01-2015 22:39 via news.yahoo.com
  
  Washington (AFP) - Fitch Ratings cut Russia's credit grade Friday to just one notch above junk level, saying plunging oil prices and Western sanctions will force a four percent economic contraction this year.
  
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• Fitch cuts rating on Russia to 'BBB minus'

  09-01-2015 22:33
  Jan 9 (Reuters) - Fitch Ratings cut its rating on Russia to 'BBB minus' from 'BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value...
  
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• GLOBAL MARKETS-Dollar, stocks fall on revived growth worries

  09-01-2015 22:18
  * Lack of wage growth in U.S. jobs data mars strong report * Euro zone bond yields hover just above record lows * Oil dips anew, settling just above $50 a barrel (Adds close of U.S. markets) By...
  
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• Hacker posts client emails from Swiss bank BCGE

  09-01-2015 22:16
  
  ZURICH/GENEVA (Reuters) - A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve on Friday divulged confidential client information after the Swiss bank failed to meet demands...
  
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• Streak of solid hiring bolsters confidence about 2015

  09-01-2015 22:12 via news.yahoo.com
  
  WASHINGTON (AP) — U.S. employers are showing more confidence than they have since the Great Recession began and will probably propel the economy in 2015 to its fastest growth in a decade.
  
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• UPDATE 1-Hacker posts client emails from Swiss bank BCGE

  09-01-2015 22:12
  ZURICH/GENEVA, Jan 9 (Reuters) - A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve on Friday divulged confidential client information after the Swiss bank failed to meet...
  
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• Citigroup makes last-minute cut in year-end bonuses for traders

  09-01-2015 22:11
  Jan 9 (Reuters) - Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person...
  
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• Wall St. ends lower, falls for 2nd straight week

  09-01-2015 22:09 via news.yahoo.com
  
  (Reuters) - U.S. stocks ended lower on Friday following a two-day rally as December's jobs report gave a mixed view of the economy and energy stocks fell alongside another drop in crude oil prices.
  
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• Fitch Affirms Cote d'Ivoire at 'B'; Outlook Positive

  09-01-2015 22:07
  (The following statement was released by the rating agency) LONDON, January 09 (Fitch) Fitch Ratings has affirmed Cote d'Ivoire's Long-term foreign and local currency Issuer Default Ratings (IDR) at...
  
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• Fitch Affirms San Marino at 'BBB+'; Outlook Stable

  09-01-2015 22:06
  (The following statement was released by the rating agency) PARIS/LONDON, January 09 (Fitch) Fitch Ratings has affirmed San Marino's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB+'...
  
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• Fitch Affirms The Netherlands at 'AAA'; Outlook Stable

  09-01-2015 22:06
  (The following statement was released by the rating agency) LONDON, January 09 (Fitch) Fitch Ratings has affirmed The Netherlands' Long-term foreign and local currency Issuer Default Rating (IDRs) at...
  
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• Fitch Downgrades Russia to 'BBB-'; Outlook Negative

  09-01-2015 22:06
  (The following statement was released by the rating agency) NEW YORK/LONDON, January 09 (Fitch) Fitch Ratings has downgraded Russia's Long-term foreign and local currency Issuer Default Ratings (IDR)...
  
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• EMERGING MARKETS-Brazil, Mexico currencies gain on U.S. jobs data

  09-01-2015 21:55
  RIO DE JANEIRO, Jan 9 (Reuters) - The currencies of Brazil and Mexico strengthened on Friday after data showed U.S. wages unexpectedly fell in December, increasing expectations that the Federal...
  
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• Wall St Week Ahead-Cheap gas, holiday sales could fuel retailer shares

  09-01-2015 21:48
  NEW YORK, Jan 9 (Reuters) - Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether...
  
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• Brazil's BNDES considers emergency loan to utilities- source

  09-01-2015 21:47
  BRASILIA, Jan 9 (Reuters) - Brazil's state development bank BNDES is willing to make an emergency loan to ailing electricity distributors as long as two other state-run lenders join the operation, a...
  
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• Speculators pare net shorts in U.S. 10-year T-note futures-CFTC

  09-01-2015 21:39
  Jan 9 (Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures fell in the latest week ahead of this week's December government payrolls report, according to Commodity Futures...
  
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• Office market in Canada's oil capital stalls as crude prices drop

  09-01-2015 21:37
  CALGARY, Jan 9 (Reuters) - A million square feet of downtown office space in Calgary, Canada's oil industry capital, close to 3 percent of the total, will likely empty in the next six months as...
  
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• UPDATE 5-Santander eyes UK, U.S. growth after 7.5 bln euro cash call

  09-01-2015 21:37
  * Shares tumble 15 pct to 13-month low (Updates with final demand figures, share price close)
  
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• Slim's America Movil to spin off Sercotel unit

  09-01-2015 21:26
  
  MEXICO CITY (Reuters) - Carlos Slim's fixed-line and mobile telecommunications company America Movil will spin off a holding company known as Sercotel, according to an announcement in Mexico City's...
  
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• Oil price strikes low

  09-01-2015 21:17 via news.yahoo.com
  
  Oil prices tumbled this week, hampered by oversupplies and weak global demand despite a pick-up for the US economy, traders said. On Friday official data showed the US unemployment rate fell to 5.6 percent in December, the lowest level in six and a half years, as the country capped its best year for job creation since 1999.
  
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• TREASURIES-Prices rise as Wall St slides, oil declines

  09-01-2015 21:16
  * Ten-year yield under 2 percent (Adds late prices, quotes)
  
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• Alberta leader warns of sustained deficit from low oil prices

  09-01-2015 21:11
  CALGARY, Alberta, Jan 9 (Reuters) - Alberta Premier Jim Prentice said on Friday that low oil prices could lead to three years of budget deficits in the Canadian province, whose oil sands are the...
  
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• MOVES-William Blair names Todd Speece for West Coast equity capital markets

  09-01-2015 21:03
  Jan 9 (Reuters) - Investment banking and asset management firm William Blair & Co added Todd Speece as managing director and head of West Coast equity capital market at its investment banking...
  
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• Lacker sees inflation rising to Fed target despite oil, dollar

  09-01-2015 21:02
  RICHMOND, Va., Jan 9 (Reuters) - A top Federal Reserve official on Friday said the drop in oil prices and a strong U.S. dollar were not impacting his view that inflation expectations would rise...
  
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• Federal Reserve paid government record $98.7 billion in 2014

  09-01-2015 20:43 via news.yahoo.com
  WASHINGTON (AP) — The Federal Reserve says it paid the federal government a record $98.7 billion in 2014, a payment that reflects the central bank's earnings from holdings of Treasury bonds and mortgage-backed securities purchased to keep long-term interest rates low to boost the economy.
  
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• Stocks slide following weak wage growth, oil slump

  09-01-2015 20:39 via news.yahoo.com
  
  A slide in oil prices and mixed news on jobs in the U.S. put the stock market on course for a loss Friday following two days of big gains. Investors were discouraged by weak U.S. wage growth in December, despite another strong increase in hiring. Traders also worried that an expected plan to boost Europe's flagging economy would be too timid.
  
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• Exclusive: Chip maker Silicon Image explores sale - sources

  09-01-2015 20:28
  (Reuters) - Semiconductor company Silicon Image Inc, whose technology helps streams video between consumer electronic devices, is exploring strategic alternatives, including selling itself, according...
  
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• Illinois fiscal woes impeding state's growth: governor-elect's team

  09-01-2015 20:27 via news.yahoo.com
  
  CHICAGO (Reuters) - Fixing Illinois' many financial problems with a "credible" plan will be key to expanding the state's economy, according to a report Friday from Governor-elect Bruce Rauner's transition team. Rauner, a Republican who takes office on Monday, has blasted Illinois' budget practices, which have led to huge unpaid bill backlogs and a $105 billion unfunded pension liability, as irresponsible and dishonest. But his team's report shed little light on exactly what the former private eq
  
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• U.S. SEC economists to write paper on risky ETFs and market volatility

  09-01-2015 20:25
  
  WASHINGTON (Reuters) - U.S. Securities and Exchange Commission economists have begun scrutinizing riskier types of exchange-traded funds as part of an effort to determine whether they may inflame...
  
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• CORRECTED-California Gov. Brown announces $113 bln budget for 2015-16

  09-01-2015 20:17
  Jan 9 (Reuters) - California Governor Jerry Brown released his 2015-16 state budget on Friday, calling for $113 billion in proposed general fund spending, up 1.4 percent from the year before.
  
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• Exclusive: Silicon Image explores sale - sources

  09-01-2015 20:15
  (Reuters) - Semiconductor company Silicon Image Inc, whose technology streams video between consumer electronic devices, is exploring strategic alternatives, including selling itself, according to...
  
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• Aer Lingus rejects revised approach from BA owner

  09-01-2015 20:13
  
  LONDON (Reuters) - The owner of British Airways said on Friday that Aer Lingus had rejected a revised takeover approach valuing the Irish airline at 2.40 euros per share.
  
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• Pirelli inks 1.2 billion financing deal

  09-01-2015 20:03
  
  MILAN (Reuters) - Italian tire maker Pirelli signed on Friday a new revolving credit line and a term loan facility worth a combined 1 billion euros ($1.2 billion) and with a duration of five years,...
  
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• Stock funds worldwide post $12.1 billion outflows in week: BofA

  09-01-2015 20:01
  
  NEW YORK (Reuters) - Investors worldwide pulled $12.1 billion out of stock funds in the week ended Jan. 7 after concerns over global growth hurt risk appetite at the start of the year, data from a...
  
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• UPDATE 1-Stock funds worldwide post $12.1 bln outflows in week - BofA

  09-01-2015 19:52
  NEW YORK, Jan 9 (Reuters) - Investors worldwide pulled $12.1 billion out of stock funds in the week ended Jan. 7 after concerns over global growth hurt risk appetite at the start of the year, data...
  
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• Newly aggressive FHA puts squeeze on private mortgage insurers

  09-01-2015 19:43
  Jan 9 (Reuters) - Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's...
  
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• Wall St drops after two-day advance; jobs data mixed

  09-01-2015 19:43 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks fell in Friday afternoon trading after of a two-day rally as investors assessed a monthly payrolls report that gave mixed signals on the economy and energy stocks fell alongside another drop in crude prices. Nonfarm payrolls rose in December, topping Wall Street expectations while November's surprising gain was also revised higher. However, wages declined. ...
  
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• Fed's Lacker says U.S. growth picture looking brighter

  09-01-2015 19:27 via news.yahoo.com
  
  RICHMOND, Va. (Reuters) - The likelihood of a sustained pickup in U.S. economic growth has increased, a top Federal Reserve official said on Friday, citing an acceleration in household spending and improved prospects for the labor market.
  
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• UPDATE 1-Argos HIV immunotherapy misses main goal in study

  09-01-2015 19:15
  Jan 9 (Reuters) - Argos Therapeutics Inc said its experimental immunotherapy was unsuccessful in treating HIV-infected patients, raising doubts about its technology platform and sending its stock...
  
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• UPDATE 3-UK private operator quits state hospital deal

  09-01-2015 19:01
  * Hospital judged "inadequate" and needing special measures (Adds inspection judges hospital "inadequate")
  
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• Oil slides again, hits lowest since April 2009

  09-01-2015 18:59 via news.yahoo.com
  
  NEW YORK (Reuters) - Global oil prices resumed their slide on Friday after two days of relative calm, with Brent and U.S. crude hitting their lowest level since April, 2009, on persistent worry over the global supply glut.
  
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