Finance news

• Target to close Canadian stores by April 12

  01-04-2015 23:55
  April 1 (Reuters) - Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12.
  
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• Careful how you front-run the Fed

  01-04-2015 23:51
  
  (Reuters) - Investors see the Federal Reserve the way bond desks tend to view small clients from the sticks: as easy marks and reliable sources of profit.
  
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• Canada's Oliver to announce budget date on Thursday -source

  01-04-2015 23:45
  OTTAWA, April 1 (Reuters) - Canada's Finance Minister Joe Oliver will announce the date of the federal budget on Thursday, a source told Reuters on Wednesday.
  
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• U.S. muni market sees third-highest Q1 issuance on record

  01-04-2015 23:43
  April 1 (Reuters) - U.S. states, cities, authorities and other municipal issuers sold $103.8 billion of bonds in the first three months of 2015, the second highest first-quarter volume since 2010 and...
  
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• SAFT ON WEALTH-Careful how you front-run the Fed

  01-04-2015 23:42
  April 1 (Reuters) - Investors see the Federal Reserve the way bond desks tend to view small clients from the sticks: as easy marks and reliable sources of profit.
  
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• Wall Street, dollar fall on economic worry; oil up

  01-04-2015 23:22 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks fell for a second day on Wednesday and the dollar dipped after weak U.S. private sector employment and manufacturing data fed worries about the U.S. economy ahead of a highly anticipated jobs report Friday. Oil futures rallied as U.S. crude output fell for the first time in two months and the government said stockpiles grew less than some had feared. Also, Iran nuclear talks dragged on, making traders less nervous about a possible supply boost. Th
  
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• Petrobras outperforms in strong session for LatAm credits

  01-04-2015 23:13
  NEW YORK, April 1 (IFR) - Latin American bonds ended Wednesday's session generally better bid, with Brazilian state-run oil company Petrobras outperforming after it announced a US$3.5bn financing...
  
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• Kelly Maier joins upstart electronic debt market TruMid

  01-04-2015 23:13
  NEW YORK (Reuters) - TruMid Financial said on Wednesday that credit specialist Kelly Maier is joining the new electronic corporate bond trading platform that is due to go live later this month.
  
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• US stocks ease for second day; price of crude oil soars

  01-04-2015 23:04 via news.yahoo.com
  
  A batch of discouraging economic news deepened investors' concerns about corporate earnings, pulling major U.S. stock indexes down on Wednesday for the second day in a row.
  
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• GLOBAL MARKETS-Wall Street, dollar fall on economic worry; oil up

  01-04-2015 22:56
  * ADP data on U.S. private hiring below economists' forecasts * European shares close higher, except Greece * U.S. Treasuries up on bets on slower move by Fed on rates * Oil rallies after stock build...
  
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• GoDaddy shares soar in debut as investors buy into revamp

  01-04-2015 22:50
  
  (Reuters) - GoDaddy Inc's shares rose as much as 34 percent in their debut on Wednesday following a $460 million initial public offering, as investors spotted a bargain in a company making a shift...
  
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• Wall St. falls after data; automakers decline

  01-04-2015 22:42 via news.yahoo.com
  
  Shares of General Motors were down 2 percent at $36.74 while Ford was down 1.4 percent at $15.91 as sales dipped at both companies.
  
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• CANADA FX DEBT-C$ lifts along with higher oil prices, weaker greenback

  01-04-2015 22:39
  (Adds closing figures, details and comments) * Canadian dollar at C$1.2626 or 79.20 U.S. cents * Bond prices mostly higher across the maturity curve By Solarina Ho TORONTO, April 1 (Reuters) - The...
  
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• UPDATE 2-U.S. overnight repo rates fall as new quarter begins

  01-04-2015 22:16
  * U.S. fed funds rate averaged 0.06 pct Tuesday (Updates market action, adds money fund flow data)
  
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• UPDATE 4-Greece sends updated reforms, pledges to pay IMF on time

  01-04-2015 22:15
  * No plans to cancel airports tender with Fraport (Adds euro zone official comment on latest list)
  
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• Wall St. declines on concerns about economy, earnings

  01-04-2015 22:09 via news.yahoo.com
  
  (Reuters) - U.S. stocks fell on Wednesday as weaker-than-expected data spurred concerns over economic growth ahead of Friday's jobs report and first-quarter earnings.
  
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• McDonald's to hike restaurant workers' salaries by over 10 percent - WSJ

  01-04-2015 22:08 via news.yahoo.com
  
  McDonald's Corp plans to raise U.S. restaurant workers' pay by more than 10 percent and tack on benefits such as paid vacations, according to a Wall Street Journal story citing the fast-food chain's new chief executive. The reported move from the world's biggest restaurant chain follows entry-level wage hikes by Wal-Mart Stores Inc and other retailers and lands amid frequent fast-food and retail worker protests calling for higher pay and better working conditions. According t
  
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• US stocks fall on weak economic data

  01-04-2015 22:07 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks Wednesday fell for a second day in a row after disappointing US data stoked concerns about economic growth.
  
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• UPDATE 3-GoDaddy shares soar in debut as investors buy into revamp

  01-04-2015 21:56
  * Stock jumps as much as 34 pct (Adds analyst comment, updates shares)
  
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• Financier Lynn Tilton sues SEC after it charges her with fraud

  01-04-2015 21:51
  
  (Reuters) - Escalating her battle with the top U.S. securities regulator, flamboyant New York financier Lynn Tilton sued the U.S. Securities and Exchange Commission on Wednesday to stop it from...
  
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• McDonald's: Workers to get pay hikes at company-owned stores

  01-04-2015 21:44 via news.yahoo.com
  
  NEW YORK (AP) — McDonald's says it's raising pay for workers at its company-owned U.S. restaurants, making it the latest employer to sweeten worker incentives in an improving economy.
  
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• UPDATE 3-Financier Lynn Tilton sues SEC after it charges her with fraud

  01-04-2015 21:41
  NEW YORK, April 1 (Reuters) - Escalating her battle with the top U.S. securities regulator, flamboyant New York financier Lynn Tilton sued the U.S. Securities and Exchange Commission on Wednesday to...
  
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• U.S. money fund assets post biggest weekly fall since 2013

  01-04-2015 21:22
  NEW YORK, April 1 (Reuters) - U.S. money market fund assets fell $44.36 billion to $2.676 trillion in the week ended March 31 for its largest single-week increase since the second week of October...
  
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• Bank of America at center stage in U.S. top court bankruptcy case

  01-04-2015 21:20
  WASHINGTON, April 1 (Reuters) - As the U.S. Supreme Court on Wednesday considered the case of a Massachusetts homeowner battling his mortgage lender over a bankruptcy plan, several justices focused...
  
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• WRAPUP 3-U.S. private payrolls, factory data point to weak Q1 growth

  01-04-2015 21:16
  WASHINGTON, April 1 (Reuters) - U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth...
  
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• Gundlach's DoubleLine Funds post 14th consecutive month of net inflows

  01-04-2015 21:11
  NEW YORK, April 1 (Reuters) - DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, on Wednesday reported a net inflow of $1 billion in March, their 14th...
  
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• Janus Contrarian fund manager expects oil to fall further

  01-04-2015 20:56
  NEW YORK (Reuters) - Energy stocks have further to fall before they look attractive, according to a fund manager who has made his name investing in out of favor companies.
  
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• Drugmaker Valeant completes $11 billion purchase of Salix

  01-04-2015 20:55
  
  (Reuters) - Canada's Valeant Pharmaceuticals International Inccompleted its $10.96 billion purchase of Salix Pharmaceuticals Ltd , the acquisitive company said on Wednesday.
  
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• More permanent role seen for Fed's repurchase program

  01-04-2015 20:41
  STONE MOUNTAIN, Ga., April 1 (Reuters) - A pledge by the U.S. Federal Reserve to phase out a new tool to lift interest rates is being challenged by economists and financial professionals who think...
  
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• TREASURIES-Prices pick up on surprisingly soft jobs report

  01-04-2015 20:40
  * Ten-year yield under 1.9 percent (Adds late prices, details and quotes)
  
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• EMERGING MARKETS-Latam markets gain on U.S. data; fiscal outlook boosts real

  01-04-2015 20:29
  SAO PAULO, April 1 (Reuters) - Latin American currencies and stocks gained on Wednesday after weak U.S. economic data supported ideas that interest rates in the world's largest economy may take...
  
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• Simon's failed bid suggests REIT values still at a discount

  01-04-2015 20:23
  NEW YORK (Reuters) - Simon Property Group Inc'sfailed bid to buy U.S. upscale shopping center operator Macerich Cois unlikely to crush either company's stock price for a simple reason: No one is...
  
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• UBS trims executive ranks of Americas wealth management unit

  01-04-2015 20:09
  
  NEW YORK (Reuters) - Two members of UBS AG's Wealth Management Americas' executive committee have stepped down, while Robert McCann, the Swiss bank's most senior executive in the United States, is...
  
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• UPDATE 2-NuVasive founder resigns after violating company policies

  01-04-2015 20:08
  * Change in the leadership could lead to company's sale-analysts
  
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• Mesirow Advanced Strategies names Mark Kulpins as co-CIO

  01-04-2015 19:57
  (Reuters) - Hedge fund manager Mesirow Advanced Strategies Inc named Mark Kulpins as co-chief investment officer (CIO).
  
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• Citigroup planning to sell Prime Re - Bloomberg

  01-04-2015 19:42
  
  (Reuters) - Citigroup Incis planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica Inc , Bloomberg reported.
  
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• US stock indexes extend slide in afternoon trading

  01-04-2015 19:24 via news.yahoo.com
  
  U.S. stocks moved lower in afternoon trading Wednesday, as discouraging economic reports on manufacturing, jobs and construction spending stoked concerns about corporate profits and global growth. The slide extended the market's losses from the day before. Health care stocks were among the biggest decliners. Oil prices surged.
  
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• UAE companies law eases flotations, seeks more investment

  01-04-2015 19:19 via news.yahoo.com
  
  The United Arab Emirates has issued a long-awaited companies law that loosens rules covering stock market flotations and aims to attract more investment by moving corporate regulation closer to international standards. The law reduces the minimum "free float" of shares in company flotations on the UAE's two main stock markets to 30 percent from 55 percent, aiming to encourage company owners to go public, state news agency WAM reported on Wednesday.
  
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• Simon Property ends pursuit of Macerich

  01-04-2015 18:18
  
  (Reuters) - Simon Property Group Inc scrapped its attempt to buy Macerich Co, ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened...
  
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• Holcim's no.2 investor still asking for better terms in Lafarge merger-source

  01-04-2015 18:02
  
  ZURICH/PARIS (Reuters) - Holcim'ssecond-biggest shareholder is still seeking better terms in the Swiss firm's proposed merger with Lafarge , despite the cement maker's chairman saying the company...
  
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• GoDaddy stock soars 30% after $460M IPO

  01-04-2015 18:02 via news.yahoo.com
  
  GoDaddy stock soared 30 per cent in its trading debut on Wall Street Wednesday, in a listing that raised $460 million US. The internet domain name and hosting firm priced its shares at $20 US, but the stock commenced trading at $26.15 a share on Wednesday on the Nasdaq stock exchange. The Scottsdale, Arizona-based company is 18 years old, but has posted losses for the last six years. GoDaddy wooed investors with a pitch involving building on its customer base of small businesses websites.
  
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• Britain's FTSE ends higher, manufacturing data supports

  01-04-2015 18:02
  LONDON, April 1 (Reuters) - Britain's top share index bounced back on Wednesday, with data showing the country's manufacturing sector grew at the fastest pace in eight months, prompting investors to...
  
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• Wall Street earnings estimates may not foretell currency impact

  01-04-2015 17:58 via news.yahoo.com
  
  While companies have issued forecasts mentioning "currency headwinds," most Wall Street analysts are not updating their estimates to reflect those rapidly moving exchange rates. North American public companies could give up more than $25 billion in revenues and 7 cents per share in earnings in the first quarter alone because of currency-related volatility, said Wolfgang Koester, chief executive of FiREapps, a foreign exchange data analytics firm in Phoenix, Arizona. Monsanto Co is one
  
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• Wall Street, dollar fall after private jobs data, oil up

  01-04-2015 17:42 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks fell for a second day and the dollar dipped after a weaker-than-expected report on private sector employment spurred investor concerns that a highly anticipated monthly U.S. jobs report on Friday could also point to slowing economic growth. The employment data also dragged down U.S. Treasuries yields as investors bet that the Federal Reserve may not raise rates until the end of 2015 "The correlation between ADP and the payroll report isn’t
  
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• EXCLUSIVE-Brazil's Oi slashes jobs in cost-cutting push; shares jump

  01-04-2015 17:39
  * Controlling shareholders agree to spread voting rights (Adds share performance, new shareholder accord, bullet points)
  
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• Wall Street falls after data; first quarter's winners weaken

  01-04-2015 17:09 via news.yahoo.com
  
  U.S. stocks fell on Wednesday as a pair of weaker-than-expected economic indicators raised concerns that Friday's impending jobs report could also point to worsening conditions. Data due through the week will be studied for indications on whether economic growth is brisk enough to spur the U.S. Federal Reserve to begin raising interest rates sooner than expected.
  
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• 10 things that are harder to get into than Harvard

  01-04-2015 16:59 via news.yahoo.com
  
  REUTERS/Brian Snyder Students at the Harvard Business School graduation ceremony. Harvard is one of the most prestigious universities in the world and also one of the most selective. The school acccepted just 5.33% of applicants this year, making it the most competitive Ivy League school in the US. As Harvard President Drew Gilpin Faust once said, “We could fill our class twice over with valedictorians.” The school seeks out students who not only have high grades, but also have outstanding
  
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• JPMorgan names John Horner treasurer and chief investment officer

  01-04-2015 16:52
  
  (Reuters) - JPMorgan Chase & Co appointed John Horner treasurer and chief investment officer, succeeding Craig Delany who announced his retirement last month, according to an internal memo seen by...
  
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• GoDaddy IPO values company at $4.5 billion

  01-04-2015 16:51
  (Reuters) - Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above its previously indicated $17 to $19 per share range, valuing it at around $4.5 billion,...
  
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• How humble first jobs motivated these inspirational speakers

  01-04-2015 16:22
  
  It's a simple question that is not always easy to answer. That's why there are professional speakers who fill stadiums - and get paid tens of thousands of dollars - to light a fire in you.
  
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