Finance news

• Stocks fade late over new Greece worries

  04-02-2015 23:59 via news.yahoo.com
  
  The U.S. stock market sagged in the final half-hour of trading on Wednesday after Europe's central bank withdrew a key financial support for Greek banks. The price of oil plunged, dragging down energy ...
  
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• Exclusive: Apollo explores sale or IPO of Great Wolf Resorts - sources

  04-02-2015 23:55
  
  (Reuters) - Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to...
  
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• Yum Brands posts Q4 loss as China sales slide

  04-02-2015 23:53 via news.yahoo.com
  
  US fast-food giant Yum Brands reported Wednesday a swing into a fourth-quarter loss, saying its recovery in China from a tainted meat scandal was taking longer than it expected. The parent of KFC, Pizza Hut and Taco Bell restaurant chains said it had a net loss of $36 million in the October-December quarter compared with a net income of $321 million a year ago. Adjusted earnings per share, a gauge closely watched by Wall Street, fell 29 percent to 61 cents. "While the sales recovery in Chin
  
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• Index funds and avoiding the generics paradox

  04-02-2015 23:44
  
  (Reuters) - Active investors are the hidden beneficiaries of the rise of index funds.
  
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• SAFT ON WEALTH-Index funds and avoiding the generics paradox

  04-02-2015 23:41
  Feb 4 (Reuters) - Active investors are the hidden beneficiaries of the rise of index funds.
  
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• UPDATE 6-Staples, Office Depot expect second time a charm in merger

  04-02-2015 23:40
  Feb 4 (Reuters) - Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly...
  
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• U.S. Chamber blasts SEC after Whole Foods proxy decision backtrack

  04-02-2015 23:30
  WASHINGTON, Feb 4 (Reuters) - The U.S. Chamber of Commerce lambasted the top U.S. securities regulator on Wednesday for backpedaling on a ruling that allowed companies like Whole Foods Market Inc to...
  
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• FOREX-Dollar rallies against euro after ECB cancels Greek funding

  04-02-2015 23:29
  * Dollar slips against yen on risk-off sentiment (Updates prices, adds comments)
  
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• UPDATE 3-Obama's Pentagon nominee suggests support for arming Ukraine

  04-02-2015 23:29
  * Carter expected to win confirmation easily (Adds Carter, White House comments)
  
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• UPDATE 5-Petrobras management quits, race on to find replacements

  04-02-2015 23:28
  RIO DE JANEIRO, Feb 4 (Reuters) - The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday amid a festering corruption scandal, setting off a scramble to find...
  
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• Imperial Tobacco widens e-cigarette strategy with new brand

  04-02-2015 23:26
  LONDON, Feb 4 (Reuters) - Imperial Tobacco Group Plc is launching a new e-cigarette in France next week, giving the big tobacco firm a lifestyle brand in addition to its existing brand Puritane,...
  
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• Euro slumps, bonds rally after ECB puts more pressure on Greece

  04-02-2015 23:25 via news.yahoo.com
  
  By Ryan Vlastelica NEW YORK (Reuters) - The euro slumped late on Wednesday and safe-haven U.S. government bonds rallied after the European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding, putting more pressure on Greece to reach new reforms. The move, which means that the Greek central bank will have to provide its banks with tens of billions of euros of additional emergency liquidity in the coming weeks, was a response to what many in Frankfurt saw as the Gre
  
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• GLOBAL MARKETS-Euro slumps, bonds rally after ECB puts more pressure on Greece

  04-02-2015 23:24
  NEW YORK, Feb 4 (Reuters) - The euro slumped late on Wednesday and safe-haven U.S. government bonds rallied after the European Central Bank abruptly canceled its acceptance of Greek bonds in return...
  
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• U.S. House passes bill that limits 2016 consumer bureau budget

  04-02-2015 23:24 via news.yahoo.com
  
  The U.S. House of Representatives on Wednesday passed a bill that would add extra hurdles for government agencies writing new rules and limit the Consumer Financial Protection Bureau's funding next year. The House voted 250 to 173 to pass the bill, sending the legislation to the U.S. Senate. The bill from Representative Virginia Foxx, a North Carolina Republican, would require regulatory agencies to disclose more information about the costs to local governments and businesses of any new federal
  
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• Glu Mobile to develop new Katy Perry game

  04-02-2015 23:20
  Feb 4 (Reuters) - Mobile game developer Glu Mobile Inc said it would partner with top-selling singer Katy Perry to develop a new mobile game, which will include her voice and likeness.
  
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• COLUMN-Vast majority of those who fought Iraq, Afghan wars won't get pensions

  04-02-2015 23:18
  Feb 4 (Reuters) - The current military retirement system, like a lot of the military personnel system, is a relic of the draft era that has gone largely unchanged for more than 100 years.
  
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• CANADA FX DEBT-C$ drops as crude prices sink; jobs data in focus

  04-02-2015 23:18
  (Adds comment, details, closing figures) * Canadian dollar at C$1.2565 or 79.59 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, Feb 4 (Reuters) - The Canadian dollar...
  
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• UPDATE 1-Cable business, films help Fox beat estimates

  04-02-2015 23:07
  Feb 4 (Reuters) - Twenty-First Century Fox Inc's quarterly profit beat analysts' estimates, helped by higher affiliate and advertising revenue in its cable business and the box-office success of "The...
  
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• UPDATE 2-Yum's China sales fall less than expected, shares rise

  04-02-2015 23:07
  Feb 4 (Reuters) - Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it...
  
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• TREASURIES-U.S. bonds stage late bounce as ECB shuns Greek bonds

  04-02-2015 23:07
  * ECB stops accepting Greek government debt as collateral * Abrupt end to oil rally underpins bids for Treasuries * China's move on bank reserve pares earlier bids for bonds * Solid demand seen for...
  
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• US STOCKS-Wall St ends lower with oil prices, renewed Greece worries

  04-02-2015 23:06
  * Indexes: Dow up 0.04 pct, S&P down 0.4 pct, Nasdaq down 0.2 pct (Updates to close)
  
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• CORRECTED-GLOBAL MARKETS-Dollar rebounds after slide, oil slumps

  04-02-2015 23:06
  NEW YORK, Feb 4 (Reuters) - The U.S. dollar rebounded on Wednesday from its worst day in more than a year, while a retreat in oil prices pressured energy shares and weighed on Wall Street.
  
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• U.S. unveils two-year pilot program to aid NATO joint procurement

  04-02-2015 23:05
  WASHINGTON, Feb 4 (Reuters) - The U.S. government on Wednesday announced a two-year project aimed at making it easier for NATO and member countries to share costs and buy weapons as a group as they...
  
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• UPDATE 2-Buffett tells Fox Business he wants a company in Europe

  04-02-2015 23:04
  NEW YORK, Feb 4 (Reuters) - Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad.
  
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• UPDATE 3-Pentagon nominee vows to resolve Jordan arms sales delays

  04-02-2015 22:56
  WASHINGTON, Feb 4 (Reuters) - President Barack Obama's nominee for defense secretary on Wednesday vowed to cut through "red tape" slowing U.S. arms deliveries to Jordan, which plans to step up its...
  
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• WRAPUP 4-ECB cancels soft treatment of Greek debt in warning to Athens

  04-02-2015 22:56
  * German document rejects any Greek roll-back of austerity (Releads, recasts with detail of ECB decision)
  
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• Gold Reserve says open to settlement of $747 mln Venezuela case

  04-02-2015 22:55
  CARACAS, Feb 4 (Reuters) - Gold Reserve Inc is in talks with Venezuela about an arbitration award that granted the company more than $740 million and is open to a settlement, its president said on...
  
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• UPDATE 1-Keurig profit falls as brewer sales drop

  04-02-2015 22:51
  Feb 4 (Reuters) - Keurig Green Mountain Inc, maker of the K-Cup single-serve coffee pod, reported a lower-than-expected quarterly profit as sales of its brewers fell in the all-important holiday...
  
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• US stock indexes mostly fall as price of oil plunges again

  04-02-2015 22:50 via news.yahoo.com
  
  NEW YORK (AP) — The stock market ended an uncertain day mostly lower after the price of oil took another plunge. Stronger profits at Disney pushed its stock higher, giving the Dow Jones industrial average a small lift.
  
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• Buffett tells Fox Business he wants a company in Europe

  04-02-2015 22:45 via news.yahoo.com
  
  Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad. "We'd like to buy more businesses around the world," Buffett, the head of conglomerate Berkshire Hathaway Inc, said in an interview with Fox Business Network. Over the past 50 years, Berkshire has bought dozens of companies in sectors ranging from insurance to railroads. In his letter to shareholders last year, for example, h
  
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• General Motors and Sony are big market movers

  04-02-2015 22:38 via news.yahoo.com
  
  Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE General Motors Co., up $1.85 to $35.83 The automaker reported better-than-expected ...
  
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• Dollar rebounds after slide, oil slumps

  04-02-2015 22:24 via news.yahoo.com
  
  By Ryan Vlastelica NEW YORK (Reuters) - The U.S. dollar rebounded on Wednesday from its worst day in more than a year, while a retreat in oil prices pressured energy shares and weighed on Wall Street. U.S. crude futures , which had risen almost 20 percent over the previous four session, fell 7.9 percent. Brent crude fell 5.4 percent to $54.76 per barrel. On Wall Street, the S&P Energy index fell 1.6 percent, the worst-performing group among S&P sectors. "Oil has been the big driver.
  
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• Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe

  04-02-2015 22:20 via news.yahoo.com
  
  The world's No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance. The deal resolves outstanding tax assessments for all open years from 2000 to 2013, spokeswoman Julie Duffy said in an email. Last year, Mexico said it had launched a probe of 270 companies for allegedly exploiting loopholes that have led to the loss of potential tax revenu
  
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• US stock indexes end mixed as oil price resumes a slide

  04-02-2015 22:16 via news.yahoo.com
  
  NEW YORK (AP) — Another plunge in the price of oil kept the stock market in a tight range as investors worried that a long-running collapse in crude prices was resuming.
  
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• S&P 500 ends lower as oil hits energy names

  04-02-2015 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended a volatile session lower on Wednesday, as oil prices pulled back sharply following four days of gains, pressuring energy shares.
  
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• Healthcare survey company Press Ganey picks banks for IPO: sources

  04-02-2015 21:44
  (Reuters) - Private equity-owned healthcare research firm Press Ganey has hired underwriters for a potential initial public offering (IPO) that could value it at more than $1 billion, including debt,...
  
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• Exclusive: Apollo in the lead to acquire Protection 1 - sources

  04-02-2015 21:42
  
  (Reuters) - Private equity firm Apollo Global Management LLC is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion,...
  
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• Non-military pressure on Russia main 'center of gravity': Carter

  04-02-2015 21:27 via news.yahoo.com
  
  WASHINGTON (Reuters) - President Barack Obama's pick to lead the Pentagon appeared to qualify his support for the idea of providing arms to Ukraine, saying on Wednesday economic and political pressure on Russia "has to remain the main center of our effort in pushing back." Carter was pressed by a lawmaker at his Senate confirmation hearing to address concerns about escalation with Russia. "Much as I incline in the direction I indicated this morning, I think the economic and political pressure on
  
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• SEC censures two advisers for claiming to be based in Wyoming

  04-02-2015 21:15
  NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has agreed to settle disciplinary proceedings against two small investment advisers it accused of falsely claiming they were based in...
  
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• S&P downgrades oil producer Afren

  04-02-2015 21:14 via news.yahoo.com
  
  Standard & Poor's downgraded Afren Plc (LSE: AFR.L - news) on Wednesday, becoming the second major ratings agency to warn of the oil producer's imminent default. Afren has lost more than 90 percent of its market value, or about 1.5 billion pounds ($2.3 billion), since the end of July, hit by a slump in oil prices, the dismissal of top executives and the absence of proven or probable reserves at an oilfield in Iraqi Kurdistan. Afren had about $1.15 billion in gross debt as of September. The downg
  
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• Jeb Bush stumbles on Yemen in speech

  04-02-2015 21:13 via news.yahoo.com
  
  Republican Jeb Bush stumbled on foreign policy in a big speech on Wednesday, telling a crowd that American diplomats have been withdrawn from Yemen, when in fact not all of them have been. Bush, at the Detroit Economic Club, criticized President Barack Obama's handling of the Islamic State threat and cited the case of Yemen. The big, huge victory in Yemen that the president has talked about lasted about six months. Now we've closed the ... there are no embassy personnel in Yemen's
  
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• Fed to hold term deposit facility Thursday

  04-02-2015 21:08
  
  NEW YORK (Reuters) - The Federal Reserve will hold on Thursday the first of three weekly operations that offer banks the chance to deposit money with the central bank for 21 days in a bid to test its...
  
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• Exclusive: Total preparing for sale or listing of $4.6 billion rubber unit Hutchinson - sources

  04-02-2015 21:06
  
  FRANKFURT/LONDON (Reuters) - Europe's second-biggest oil company Total is preparing for the sale or listing of its rubber and insulation unit Hutchinson that could be worth up to 4 billion euros...
  
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• Greece's growth-linked debt plan may face legal obstacle -lawyer

  04-02-2015 20:57 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - Greece's plans to make its debt more manageable by swapping rescue loans for growth-indexed bonds may be deemed illegal under European Union rules, according to a lawyer who worked on the country's 2012 debt restructuring. Greece's creditors will probably object to proposals for such a swap, said Yannis Manuelides, a partner at Allen & Overy, because they cannot accept losses on their loans. Greece's new finance minister, Yanis Varoufakis, proposed on Monday tha
  
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• BT finalizes deal to buy EE: source

  04-02-2015 20:48
  
  LONDON (Reuters) - BT has reached agreement with Orange and Deutsche Telekom ‎ to buy their UK mobile network operator EE and a deal could be announced as early as Thursday morning, a person...
  
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• S&P, Nasdaq slip after two-day run up; energy drops with oil

  04-02-2015 20:36 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 and Nasdaq eased on Wednesday in the wake of a two-day rally as energy shares followed oil prices lower and Gilead and other biotech names declined.
  
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• Construction company Vinci warns of falling sales in 2015

  04-02-2015 20:00 via news.yahoo.com
  
  French construction giant Vinci, which also operates motorways and airports, warned Wednesday its revenues would fall further in 2015 as building remains lacklustre in its home market. It said "the continued upturn in motorway traffic, the sharp increase in airport traffic and the good momentum in the group’s activities outside Europe allowed the group to reduce the impacts of the deterioration in the French economic environment" that affected the construction business. The motorways
  
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• Dollar rebounds after slide, oil slumps 7 pct

  04-02-2015 19:41 via news.yahoo.com
  
  By Ryan Vlastelica NEW YORK (Reuters) - The U.S. dollar rebounded on Wednesday from its worst day in more than a year, while a retreat in oil prices pressured energy shares and weighed on Wall Street. Encouraging economic data out of the United States and Europe and optimism about Greece's debt negotiations drove up U.S. bond yields for a second session, continuing a reversal from a stellar January. U.S. crude futures , which rose almost 20 percent over the previous four session, were down
  
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• S&P cuts oil producer Afren's credit rating

  04-02-2015 19:35 via news.yahoo.com
  
  Standard & Poor's cut its long-term corporate credit rating on Afren Plc to 'SD', or selective default, from 'CC', becoming the second major ratings agency to downgrade the oil producer in just over a ...
  
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• UPDATE 1-U.S. Bancorp to pay $18 mln to customers of failed Peregrine

  04-02-2015 19:28
  NEW YORK/WASHINGTON, Feb 4 (Reuters) - U.S. Bancorp agreed
  to pay $18 million to former customers of Peregrine Financial
  Group Inc to resolve claims that the large U.S. bank aided a
  massive fraud by...
  
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