Finance news

• UPDATE 2-RadioShack goes to auction to test hedge fund $200 mln deal

  25-02-2015 23:49
  WILMINGTON, Del., Feb 25 (Reuters) - RadioShack Corp
  got approval on Wednesday from a U.S. Bankruptcy
  Court judge to auction about 2,000 stores with an initial $200
  million bid from the Standard...
  
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• Sin seems to be its own reward

  25-02-2015 23:13
  (Reuters) - Virtue in investment terms may be its own reward, but the evidence shows sin pays better.
  
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• BRIEF-Bankruptcy judge says to approve process for RadioShack Corp auction

  25-02-2015 23:11
  Feb 25 (Reuters) - RadioShack Corp :
  * Bankruptcy judge says to approve process for RadioShack Corp
  
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• S&P 500 lags global markets as Yellen ends two-day testimony

  25-02-2015 23:05 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Wall Street lagged a rise in global markets on Wednesday, with the S&P 500 and the Nasdaq closing slightly lower even as energy shares gained along with a surge in oil prices. Upbeat U.S. housing data and Chinese factory data were not enough to drive up sentiment and a second day of testimony by U.S. Federal Reserve Chair Janet Yellen provided few new clues on the timing of an interest rate hike. MSCI's 46-country world index was up 0.19 percent at 4
  
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• A New York agenda with Hootsuite's night owl

  25-02-2015 23:04
  NEW YORK (Reuters) - Ryan Holmes, chief executive officer of Hootsuite, may have grown up on a farm without electricity, but this 40-year-old Canadian went on to found a social media management tool...
  
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• Washington, D.C. - from monuments to meetings

  25-02-2015 23:02
  NEW YORK (Reuters) - It's not all politics and no play in Washington, D.C.
  
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• Howard Davies set to be confirmed as RBS chairman: sources

  25-02-2015 22:54
  LONDON/NEW YORK (Reuters) - Royal Bank of Scotland Group PLC is set to confirm the appointment of Howard Davies as its new chairman on Thursday, a source familiar with the matter told Reuters.
  
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• UPDATE 1-IMF says ready to assist Ukraine with currency issues

  25-02-2015 22:47
  WASHINGTON, Feb 25 (Reuters) - The International Monetary Fund on Wednesday said it was ready to assist Ukraine with its foreign currency issues, amid a steep fall in the country's hryvnia...
  
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• Hewlett-Packard and Dycom are big market movers

  25-02-2015 22:46 via news.yahoo.com
  
  Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hewlett-Packard Co., down $3.82 to $34.67 The computer maker reported worse-than-expected ...
  
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• UPDATE 2-Brazil sees no need to capitalize Petrobras -sources

  25-02-2015 22:37
  BRASILIA, Feb 25 (Reuters) - Brazil has no plans to pump new capital into Petrobras, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's...
  
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• S&P, edge down with Apple; Dow ends at record high

  25-02-2015 22:35 via news.yahoo.com
  
  The S&P 500 closed down and the Nasdaq snapped a 10-session winning streak on Wednesday as investors took profits in Apple shares, while the Dow eked out another record high close. Boosting the Dow were consumer discretionary shares including McDonald's, up 3.9 percent at 98.66, which also helped to limit losses on the S&P 500. Federal Reserve Chair Janet Yellen's testimony to a House of Representatives committee provided few new clues for investors on the timing of an interest rate hike. Apple
  
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• IMF says ready to assist Ukraine with foreign exchange

  25-02-2015 22:34
  WASHINGTON, Feb 25 (Reuters) - The International Monetary Fund on Wednesday said it was ready to assist Ukraine with its foreign currency issues, amid a steep fall in the country's hryvnia...
  
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• UPDATE 2-EU and U.S. struggle to resolve derivatives clearing dispute

  25-02-2015 22:30
  WASHINGTON, Feb 25 (Reuters) - European Union and U.S. negotiators are struggling to move past some stumbling blocks in talks over mutually acceptable rules for derivatives clearing houses, two...
  
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• TREASURIES-Bond prices rise after latest Yellen remarks, CPI eyed

  25-02-2015 22:28
  * Traders eye U.S. CPI data (New throughout, updates prices, adds comments)
  
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• UPDATE 1-Ukraine central bank abruptly reverses currency trading ban

  25-02-2015 22:18
  KIEV, Feb 25 (Reuters) - Ukraine's central bank abruptly reversed a ban that had prohibited most currency trading, less than a day after it was imposed.
  
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• UPDATE 1-Quebec pension fund manager Caisse posts strong returns in 2014

  25-02-2015 22:16
  MONTREAL, Feb 25 (Reuters) - Caisse de depot et Placement du Quebec, Canada's second-largest pension fund manager, reported solid returns for 2014 on Wednesday and said it is counting on strong...
  
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• TSX up on strong bank results, Dow sets record

  25-02-2015 22:10 via news.yahoo.com
  
  The Toronto stock market was higher Wednesday on strong corporate earnings as New York's Dow index hit a new record.
  
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• Ukraine central bank reverses currency trading ban

  25-02-2015 22:06
  KIEV, Feb 25 (Reuters) - Ukraine's central bank abruptly reversed a ban that had prohibited most currency trading late on Wednesday, less than a day after it was imposed.
  
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• UPDATE 3-Partial collapse of three-story building in New York City

  25-02-2015 21:51
  NEW YORK, Feb 25 (Reuters) - A three-story building undergoing construction work partially collapsed on Manhattan's West Side on Wednesday, and rescuers appeared to have accounted for everyone at the...
  
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• UPDATE 1-Wisconsin Senate takes up right-to-work legislation

  25-02-2015 21:46
  MADISON, Wis., Feb 25 (Reuters) - The Wisconsin state Senate on Wednesday began debating a proposal to make Wisconsin the 25th right-to-work state in the nation, as thousands of demonstrators...
  
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• Spain's Podemos rallies against Rajoy's state-of-nation speech

  25-02-2015 21:42 via news.yahoo.com
  
  By Sarah White and Inmaculada Sanz MADRID (Reuters) - Spanish anti-austerity party Podemos rallied on Wednesday in response to the prime minister's state-of-the-nation address, delivered a day earlier to a parliament in which the new leftist movement still has no seats. Pablo Iglesias, leader of the one-year-old "We Can" party, said it was the real opposition to Spain's center-right government, as he addressed hundreds of supporters crammed into a theater a few meters from th
  
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• UPDATE 1-RadioShack's proposed sale worth $200 mln; GameStop eyes stores

  25-02-2015 21:39
  WILMINGTON, Del., Feb 25 (Reuters) - RadioShack Corp's sale of about 2,000 stores to a hedge fund is worth $200 million, an advisor to the electronics retailer told a U.S. Bankruptcy Court on...
  
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• Veteran U.S. brokerage lawyer McKay to join Barclays

  25-02-2015 21:33
  NEW YORK (Reuters) - Kevin McKay, who began his Wall Street legal career in 1978 at E.F. Hutton, will join Barclays PLC's wealth and investment management division in the Americas next month as...
  
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• ON THE MOVE-Veteran U.S. brokerage lawyer McKay to join Barclays

  25-02-2015 21:28 via news.yahoo.com
  
  Kevin McKay, who began his Wall Street legal career in 1978 at E.F. Hutton, will join Barclays (Hanover: BCY.HA - news) PLC's wealth and investment management division in the Americas next month as general counsel, a company spokeswoman said on Wednesday. For the past 12 years McKay was general counsel of Dominick & Dominick, a New York City broker-dealer with fewer than 50 brokers that was purchased in January by Memphis, Tennessee-based Wunderlich Securities. Barclays' U.S. wealth business is
  
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• UPDATE 2-Deutsche Bank hires Urwin from JPMorgan for investment bank

  25-02-2015 21:24
  NEW YORK, Feb 25 (Reuters) - Deutsche Bank AG said on Wednesday that it has hired JPMorgan Chase & Co executive Jeff Urwin to be co-head of corporate banking and securities and head of corporate...
  
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• Many U.S. brokerages fail to report possible money laundering: SEC official

  25-02-2015 21:23
  (Reuters) - A “disturbingly large” number of U.S. securities brokerages are not filing mandatory reports with regulators about customer transactions that could signal money laundering, the Securities...
  
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• France gets until 2017 to meet EU deficit rules

  25-02-2015 21:17 via news.yahoo.com
  
  The EU on Tuesday gave France two more years until 2017 to bring its budget deficit back into line, meaning the eurozone's second biggest economy avoids an embarrassing fine for now. Paris is not off the hook and must present a reform plan to Brussels by April to show how it intends to get its deficit back below the EU's ceiling of 3.0 percent of economic output, the European Commission said. Italy and Belgium will face no action because they have made enough progress toward bringing t
  
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• U.S. Senate votes to clear path for security agency funding

  25-02-2015 21:13
  WASHINGTON, Feb 25 (Reuters) - The U.S. Senate on Wednesday voted to clear a path for immigration restrictions to be stripped from a Department of Homeland Security funding bill, a key step toward...
  
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• S&P, Nasdaq edge down with Apple; Dow flat

  25-02-2015 21:12 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 and Nasdaq edged lower in afternoon trading on Wednesday, led by losses in Apple shares, but gains consumer discretionary shares limited the decline.
  
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• U.S. money market assets rise in latest week- iMoneyNet

  25-02-2015 21:12
  NEW YORK, Feb 25 (Reuters) - U.S. money market fund assets increased by $10.73 billion to $2.702 trillion in the week ended Feb. 24, the Money Fund Report said on Wednesday.
  
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• UPDATE 2-Nat'l Bank of Canada profit boosted by markets, buy backs eyed

  25-02-2015 21:06
  TORONTO, Feb 25 (Reuters) - National Bank of Canada, the country's sixth-largest lender, reported a stronger-than-expected profit on Wednesday, helped by gains at its financial markets division.
  
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• UPDATE 2-MetLife unit to pay $123.5 mln for alleged mortgage fraud

  25-02-2015 21:02
  WASHINGTON, Feb 25 (Reuters) - MetLife Home Loans LLC will pay $123.5 million to resolve accusations of mortgage lending violations by the Federal Housing Administration, the U.S. Department of...
  
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• Partial collapse of building in New York City, police say

  25-02-2015 21:01
  NEW YORK, Feb 25 (Reuters) - New York police said a building partially collapsed on Manhattan's West Side on Wednesday and no information was available about casualties.
  
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• A Minute With: Margot Robbie on feisty females and 'Focus'

  25-02-2015 21:00 via news.yahoo.com
  
  By Alicia Avila LOS ANGELES (Reuters) - After making her film breakout as the no-holds-barred wife of Leonardo DiCaprio's Jordan Belfort in 2013's "The Wolf of Wall Street," Margot Robbie is taking on Will Smith for a tango of twists and turns in the underground world of heists. In "Focus," out in U.S. theatres on Friday, Australian actress Robbie, 24, plays Jess, a street-smart, spirited pick-pocket who teams up with veteran con-artist Nicky (Smith) to learn his tr
  
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• Exclusive: Terra Firma to launch sale of cinema chain Odeon & UCI

  25-02-2015 20:52 via news.yahoo.com
  
  By Freya Berry and Arno Schuetze BERLIN (Reuters) - Private equity group Terra Firma is planning to launch the sale of its European cinema chain Odeon & UCI Group toward the end of the year in a potential 1 billion pound ($1.55 billion) deal, its chairman told Reuters. "We will look to begin the process to sell Odeon towards the end of the year," Guy Hands said on Wednesday. "We are likely to appoint banks by May. Possible buyers could include U.S. cinema groups or South American cinema firms‎
  
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• EMERGING MARKETS-Brazil stocks down, real tumbles after Petrobras cut to junk

  25-02-2015 20:40
  MEXICO CITY, Feb 25 (Reuters) - Latin American financial markets fell on Wednesday, dragged down by losses in Brazil as the country's currency tumbled and shares of state-run oil firm Petrobras sank...
  
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• ECB's Draghi - could change Greek debt waiver if reforms hold

  25-02-2015 20:38
  BRUSSELS, Feb 25 (Reuters) - The European Central Bank is willing to again accept Greek bonds for funding if Athens keeps to reform pledges, its president said on Wednesday, defending the euro zone...
  
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• Stockton, Calif., issues checks to creditors in bankruptcy exit

  25-02-2015 20:33
  Feb 25 (Reuters) - The California city of Stockton says it has begun paying creditors as a final step to exit bankruptcy after more than two-and-a-half years dealing with over $2 billion of debt.
  
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• Terra Firma to launch sale of cinema chain Odeon & UCI

  25-02-2015 20:15 via news.yahoo.com
  
  By Freya Berry and Arno Schuetze BERLIN (Reuters) - Private equity group Terra Firma is planning to launch the sale of its European cinema chain Odeon & UCI Group toward the end of the year in a potential 1 billion pound ($1.55 billion) deal, its chairman told Reuters. "We will look to begin the process to sell Odeon towards the end of the year," Guy Hands said on Wednesday. "We are likely to appoint banks by May. Possible buyers could include U.S. cinema groups or South American cinema firms‎
  
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• Market overview: Shares dip ahead of earnings avalanche

  25-02-2015 19:55 via news.yahoo.com
  
  1630:Close UK stocks slipped slightly following the record highs set in the previous session. Investors took the reduction in Greek uncertainty and more dovish than expected remarks from Fed chair Janet ...
  
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• Net profit surges 12% at France's AXA insurance

  25-02-2015 19:48 via news.yahoo.com
  
  French insurance group AXA, number two in Europe after German giant Allianz, said Wednesday its net profit surged 12 percent last year to 5.02 billion euros ($5.7 billion). "Even though the global economic landscape remains uncertain, the group has shown its ability to generate results that are perfectly in line with its long-term goals," chief executive Henri de Castries told a news conference.
  
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• U.S.-based stock funds attract sixth week of inflows: ICI

  25-02-2015 19:10
  NEW YORK (Reuters) - Investors in U.S.-based mutual funds committed $1.8 billion to stock funds in the week ended Feb. 18 on signs of improving global growth, data from the Investment Company...
  
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• World stock indexes rise after Fed comments

  25-02-2015 19:01 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Global stock markets rose slightly on Wednesday, helped by better-than-expected Chinese factory activity data, and comments from U.S. Federal Reserve Chair Janet Yellen suggesting the U.S. central bank is in no rush to raise interest rates. U.S. stocks were bolstered by housing market data on Federal Reserve Chair Janet Yellen's second day of testimony. Weakening global growth has kept investors on edge about the Fed's plans, with some worrying that
  
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• Enterprise says clients must pay for dock work as BP grumbles

  25-02-2015 18:55 via news.yahoo.com
  
  Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it," Enterprise Chief Operating Officer Jim Teague told analysts when asked about concerns, first reported by the Wall Street Journal, that the company's strong position in Gulf Coast storage gives it too much pricing power. Britain's BP has re
  
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• No deal too small for Lazard’s $500 billion banker

  25-02-2015 18:31
  LONDON/PARIS (Reuters) - Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100...
  
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• RadioShack to slow sale process; GameStop eyes stores

  25-02-2015 18:20
  WILMINGTON, Del, Feb 25 (Reuters) - Bankrupt RadioShack Corp
  will slow the process of selling its surviving
  stores, while GameStop Corp has expressed interest in
  some of its 1,100 locations that are...
  
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• Ukraine under pressure from currency fall, gas supply threat

  25-02-2015 17:47 via news.yahoo.com
  
  By Natalia Zinets and Anton Zverev KIEV/MAKIYVKA, Ukraine (Reuters) - Ukraine came under increasing economic pressure from a collapsing currency and a threat to its gas supplies from the Kremlin on Wednesday, just as a long-awaited ceasefire took hold in the east. As the truce appeared to be coming into force, the Ukrainian army reported no combat fatalities in the past 24 hours, but the news did nothing to halt a currency collapse that forced the central bank to ban most trading. In rebel-held
  
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• World stock indexes fall but stay near record after Fed comments

  25-02-2015 17:38 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - World stock markets fell on Wednesday but stayed within reach of an all-time high as investors welcomed Tuesday's comments from U.S. Federal Reserve Chair Janet Yellen suggesting that the U.S. central bank is in no rush raise interest rates. The S&P 500 index of U.S. companies was slightly down and the Dow was barely up a day after they hit records on U.S. housing market data and at the start of a second day of testimony from Federal Reserve Chair Ja
  
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• California's Stockton to exit bankruptcy Wednesday

  25-02-2015 17:36
  NEW YORK, Feb 25 (Reuters) - The California city of Stockton
  said it will exit bankruptcy on Wednesday, about two-and-a-half
  years after it filed.
  
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• Ukraine central bank chief says hryvnia fall 'irrational'

  25-02-2015 17:30 via news.yahoo.com
  
  Ukraine's central bank chief and finance minister tried to calm market panic on Wednesday after a collapse of the currency forced the bank to halt most commercial foreign exchange trading, saying the rapid fall was "irrational". Central bank chief Valeria Gontareva and Finance Minister Natalia Yaresko told a hastily-convened news conference that the economy and currency would be stabilised by donors, including $8 billion from an International Monetary Fund bailout this year, with the first tranc
  
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