Finance news

• Sales at Taco Bell, KFC help Yum top 1Q profit forecast

  21-04-2015 23:38 via news.yahoo.com
  
  LOUISVILLE, Ky. (AP) — Yum Brands Inc.'s first-quarter profit fell but still topped Wall Street expectations as global sales jumped at its Taco Bell and KFC brands.
  
  Read more

• Earnings cloud drags down Dow; Nasdaq gains on biotech M&A

  21-04-2015 23:19 via news.yahoo.com
  
  U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger. DuPont reported lower sales in all of its businesses and said a strong dollar would take a toll on its full-year earnings. DuPont ended the session 2.95 percent lower at $70.69 and IBM fell 1.14 percent to $164.26.
  
  Read more

• Soccer-Italian judge gives approval for sale of bankrupt Parma

  21-04-2015 23:19
  PARMA, Italy, April 21 (Reuters) - An Italian judge has given his approval for bankrupt Serie A club Parma to be put up for sale and binding offers of a minimum 20 million euros ($21 million) must be...
  
  Read more

• DuPont reports decline in first-quarter earnings

  21-04-2015 23:14 via news.yahoo.com
  DOVER, Del. (AP) — The DuPont Co. says the strong dollar and challenges in the agriculture and performance chemicals industries contributed to lower sales and earnings in the first quarter.
  
  Read more

• Advertisement

• Smog-hit China aims for environmental stimulus as growth wanes

  21-04-2015 23:03 via news.yahoo.com
  
  By David Stanway and Shu Zhang BEIJING (Reuters) - Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. During the meeting with 32 banks and 64 steel mills, which came a month after Premier Li Keqiang voiced support for financing initiatives for the smoggy northern province, 18 banks agreed to len
  
  Read more

• Hong Kong luxury home sales heat up as China investors splash stocks profits

  21-04-2015 23:00 via news.yahoo.com
  
  By Yimou Lee HONG KONG, April 22 (Reuters) - Hong Kong's stock market surge is turning up the heat in one of the world's most expensive property markets, as mainland China investors plough quick profits into million-dollar mansions in what analysts say may be a record year for home sales. The Hong Kong stocks spree has sent the benchmark Hang Seng Index to seven-year highs as mainland investors snapped comparative bargains before pocketing gains. With property prices in the city already more tha
  
  Read more

• Global Markets - Wall Street's two major indexes drop; oil falls

  21-04-2015 22:50 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Major U.S. stock indexes lost ground on lacklustre earnings reports on Tuesday, while oil fell on concerns about U.S. crude stockpiles and Saudi Arabia's announcement that it ended its military campaign in Yemen. The Nasdaq composite index was the brightest spot in U.S. stock markets. "We haven't seen much change in forecasts for the remainder of the year." Teva Pharmaceutical Industries Ltd. made an unsolicited bid to buy smaller rival My
  
  Read more

• Argentina, Petrobras drive price action in slow session

  21-04-2015 22:48
  NEW YORK, April 21 (IFR) - The looming release of Petrobras's financials and a local bond sale from Argentina were the main drivers of price action Tuesday in what was otherwise a quiet session for...
  
  Read more

• Advertisement

• Wall Street's two major indexes drop; oil falls

  21-04-2015 22:42 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Major U.S. stock indexes lost ground on lackluster earnings reports on Tuesday, while oil fell on concerns about U.S. crude stockpiles and Saudi Arabia's announcement that it ended its military campaign in Yemen. The Nasdaq composite index was the brightest spot in U.S. stock markets. "We haven't seen much change in forecasts for the remainder of the year." Teva Pharmaceutical Industries Ltd. made an unsolicited bid to buy smaller rival My
  
  Read more

• GLOBAL MARKETS-Wall St's two major indexes drop; oil falls

  21-04-2015 22:40
  * European stocks rise on earnings; U.S. investors on sidelines
  
  Read more

• Connacher wins support for C$1 bln recapitalization plan

  21-04-2015 22:36
  CALGARY, Alberta, April 21 (Reuters) - Connacher Oil & Gas Ltd, which operates a small oil sands project in northern Alberta, said on Tuesday it has won support for a C$1 billion ($814 million)...
  
  Read more

• U.S. retirement confidence soars despite grim realities

  21-04-2015 22:34
  
  CHICAGO (Reuters) - Denial is said to be the first emotional stage of grief - and that may be where many Americans are at right now in their attitudes about retirement security.
  
  Read more

• Canada posts first budget surplus since Great Recession

  21-04-2015 22:22 via news.yahoo.com
  
  Ottawa (AFP) - Canada posted its first budget surplus since the global economic downturn on Tuesday, lifting the re-election hopes of Prime Minister Stephen Harper's Tories in six months.
  
  Read more

• Bill Gross tweets: German 10-year bunds 'the short of a lifetime'

  21-04-2015 22:21
  NEW YORK (Reuters) - Bill Gross of Janus Capital Group Inc said on Tuesday that German 10-year Bunds were "the short of a lifetime" and that the trade could earn 10-15 percent over a period of one to...
  
  Read more

• With eye on election, Canada Conservatives balance budget with asset sales

  21-04-2015 22:20 via news.yahoo.com
  
  By Randall Palmer and Leah Schnurr OTTAWA, (Reuters) - Canada's Conservative government, seeking reelection this year, delivered a federal budget on Tuesday that promised a slim surplus despite the oil price crash, while offering goodies to seniors and small businesses and boosting security spending. It will mark Canada's first surplus in eight years, accomplished with the help of the sale of assets including General Motors shares. "This budget is written in black ink," Finance Minister Joe Oliv
  
  Read more

• Yahoo's quarterly revenue drops 4 percent

  21-04-2015 22:10
  April 21 (Reuters) - Yahoo Inc's first-quarter revenue fell 4 percent as the internet company struggles to rev up its core online advertising business.
  
  Read more

• Mixed earnings news leaves US stocks mostly lower

  21-04-2015 22:09 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are ending mostly lower as big companies turn in a mixed batch of earnings results.
  
  Read more

• REFILE-Under Armour's slowing sales growth highlights valuation risks

  21-04-2015 21:51
  April 21 (Reuters) - Under Armour Inc paused for breath on Tuesday when it reported quarterly sales growth of below 30 percent for the first time in more than a year.
  
  Read more

• UPDATE 1-Bill Gross tweets: German 10-year bunds 'the short of a lifetime'

  21-04-2015 21:48
  NEW YORK, April 21 (Reuters) - Bill Gross of Janus Capital Group Inc said on Tuesday that German 10-year Bunds were "the short of a lifetime" and that the trade could earn 10-15 percent over a period...
  
  Read more

• UPDATE 6-Generic drugmaker Teva makes $40 billion offer for rival Mylan

  21-04-2015 21:45
  TEL AVIV/NEW YORK, April 21 (Reuters) - Teva Pharmaceutical Industries Ltd on Tuesday made an unsolicited $40 billion offer for smaller rival Mylan NV, a bold bid for growth as its lucrative Copaxone...
  
  Read more

• TREASURIES-U.S. bond prices slip with eyes on Greece

  21-04-2015 21:21
  * U.S. bond market gives up early gains in choppy trading * ECB may reduce collateral value for Greek banks -Bloomberg * Trading volume paltry on scant U.S. data before Fed meeting (Recast lead,...
  
  Read more

• U.S. pension fund CalSTRS invests $100 million with Red Mountain

  21-04-2015 21:09
  BOSTON (Reuters) - The California State Teachers' Retirement System (CalSTRS), the second-largest U.S. public pension fund, made a $100 million investment with hedge fund Red Mountain Capital...
  
  Read more

• EXCLUSIVE-Perrigo expected to reject Mylan offer as soon as this week -source

  21-04-2015 21:01
  April 21 (Reuters) - Perrigo Co Plc is set to reject a $29 billion unsolicited takeover offer from generic drugmaker Mylan NV as soon as this week, according to a source familiar with the matter.
  
  Read more

• Poland to buy U.S. Patriot missiles, French helicopters

  21-04-2015 20:58 via news.yahoo.com
  
  By Wiktor Szary and Marcin Goettig WARSAW (Reuters) - Poland said on Tuesday it would buy Raytheon's Patriot missiles from the United States and provisionally selected French Airbus helicopters as it speeds up the modernization of its military amid tensions with Russia. The choice of suppliers, in deals potentially worth $8 billion, strikes a transatlantic balance as eastern Europe's largest economy re-arms itself on NATO's front line while edging towards a bigger role in Europe&#
  
  Read more

• UPDATE 1-ECB emergency funds to Greece directly tied to health of its banks -Dombret

  21-04-2015 20:57
  TORONTO, April 21 (Reuters) - The provision of European Central Bank emergency liquidity to Greece is "directly correlated" to the health of its banks and will continue as long as the preconditions...
  
  Read more

• Mexico homebuilder Geo sets meeting to present debt restructuring

  21-04-2015 20:56
  MONTERREY, April 21 (Reuters) - Mexican homebuilder Geo has
  called a meeting to present a debt restructuring plan, which it
  hopes will be approved by the majority of its creditors, the
  company said...
  
  Read more

• UPDATE 1-Obama threatens to veto bill over funding for U.S. consumer watchdog

  21-04-2015 20:53
  WASHINGTON, April 21 (Reuters) - President Barack Obama will veto a bill requiring the U.S. consumer watchdog to establish special advisory groups if the final version of the legislation cuts the...
  
  Read more

• Greek finance minister optimistic over deal with EU/IMF lenders, cites convergence

  21-04-2015 20:49
  ATHENS, April 21 (Reuters) - Greece will reach a deal with its international lenders although this may not happen in the upcoming meeting of euro zone finance ministers, Greek Finance Minister Yanis...
  
  Read more

• Oil prices retreat as high supply weighs

  21-04-2015 20:41 via news.yahoo.com
  
  Oil prices eased on Tuesday as a climate of high crude supplies offsets moves by China to boost the world's second largest economy and biggest consumer of energy. Brent North Sea crude for delivery in June dropped 63 cents to stand at $62.82 a barrel in late London deals. US benchmark West Texas Intermediate for May delivery dipped 17 cents to $56.21 a barrel compared with Monday's close. "The oil market is being pushed in two directions with the stimulus action by China going aga
  
  Read more

• Bank Of America Braced For £10m FCA Fine

  21-04-2015 20:22 via news.yahoo.com
  
  Bank of America Merrill Lynch (BAML) will on Wednesday become the latest Wall Street institution to be fined by the City watchdog for failing to properly report transactions. Sky News has learnt that the Financial Conduct Authority (FCA) is to hit Merrill Lynch International, a BAML subsidiary, with a penalty of more than £10m. It will be the latest in a string of fines handed out by the FCA to major financial institutions for incorrectly reporting transactions.
  
  Read more

• EXCLUSIVE-Perrigo exxpected to reject Mylan offer as soon as this week -source

  21-04-2015 20:12
  April 21 (Reuters) - Perrigo Company PLC is set to reject a $29 billion unsolicited takeover offer from generics drugmaker Mylan NV as soon as this week, according to a source familiar with the...
  
  Read more

• Obama threatens to veto bill over funding for Consumer Financial Protection Bureau

  21-04-2015 20:03
  WASHINGTON, April 21 (Reuters) - U.S. President Barack Obama would veto the Bureau of Consumer Financial Protection Advisory Boards Act if the final legislation by Congress cuts the level of funding...
  
  Read more

• European stocks finish higher on German data

  21-04-2015 19:54 via news.yahoo.com
  
  Europe's main stock indices rose Tuesday on mixed German data which showed that investors still see the current economic situation in Germany as being the best in years. Frankfurt's DAX 30 index finished up 0.40 percent from Monday's closing level to stand at 11,939.58 points, while in Paris the CAC 40 gained 0.10 percent to 5,192.64 points. In Frankfurt, a leading survey showed that German investor sentiment fell for the first time in six months in April as weak global growth wei
  
  Read more

• ECB emergency funds to Greece directly tied to health of its banks -Dombret

  21-04-2015 19:42
  TORONTO, April 21 (Reuters) - The provision of European Central Bank emergency liquidity to Greece is "directly correlated" to the health of its banks and will continue as long as the preconditions...
  
  Read more

• GLOBAL MARKETS-Wall St mixed; euro rises against dollar

  21-04-2015 19:24
  * European stocks rise on earnings; Wall St waits for big beats
  
  Read more

• Tilney Bestinvest backs Elliott in Alliance Trust board shake-up plan

  21-04-2015 19:23
  
  LONDON (Reuters) - Tilney Bestinvest, an investment advisory firm managing the voting interests of many 'mom and pop' shareholders in Alliance Trust, has said it will back activist Elliott Advisors...
  
  Read more

• Security fears for China-Pakistan corridor as Xi ends visit

  21-04-2015 19:22 via news.yahoo.com
  
  Chinese President Xi Jinping Tuesday hailed a $46 billion economic corridor as a "historic development opportunity" for Pakistan, but security fears linger over the project which involves major construction in highly unstable areas. Pakistani and Chinese officials on Monday signed more than 50 accords to inaugurate the China-Pakistan Economic Corridor, which will create a network of roads, railways and pipelines linking China's restive west to the Arabian Sea through Pakistan. The
  
  Read more

• UPDATE 2-Kimberly-Clark profit beats estimates on higher prices, savings

  21-04-2015 19:22
  * Shares rise as much as 5.6 pct (Adds details, graphics; updates shares)
  
  Read more

• UPDATE 1-Greece hopes to reach deal on Russian gas pipeline soon

  21-04-2015 19:15
  * Gazprom says European companies interested in project (Adds comments by Gazprom's head, Eurogroup head)
  
  Read more

• TD Ameritrade CEO: Low rates to punish 2015 results

  21-04-2015 19:15
  (Reuters) - Discount broker TD Ameritrade Holding Corp warned Tuesday its fiscal 2015 earnings will likely be at the lower range of its previously announced estimate because of the U.S. Federal...
  
  Read more

• Europe close: Equities mostly higher on robust earnings

  21-04-2015 19:06 via news.yahoo.com
  
  European equities were mostly higher, buoyed by robust earnings from companies including L'Oreal, Actelion and SAP.
  
  Read more

• Employers cut jobs in 31 US states as growth slows

  21-04-2015 19:02 via news.yahoo.com
  
  WASHINGTON (AP) — Employers in 31 U.S. states cut jobs last month as weak economic growth weighed on hiring and a slowdown in oil and gas drilling caused big job losses in some states.
  
  Read more

• RPT-UPDATE 3-Osram to separate from lamps and focus on automotive

  21-04-2015 18:51
  * Shares rise 6 percent, hit record high (Adds details, analyst comment)
  
  Read more

• European shares get earnings lift, Greece lags

  21-04-2015 18:40 via news.yahoo.com
  
  Positive company earnings updates pushed European shares higher on Tuesday, with the Greek stock market a standout loser as worries mounted about its banking sector. Publicis, Sky and ARM Holdings closed ...
  
  Read more

• Poland to buy U.S. Patriots missiles, picks Airbus helicopters

  21-04-2015 18:39 via news.yahoo.com
  
  By Wiktor Szary and Marcin Goettig WARSAW (Reuters) - Poland said on Tuesday it would buy Raytheon's Patriot missiles from the United States and chose Europe's Airbus utility helicopters for further tests, albeit reducing the size of this potential order. The choice of suppliers in military contracts, worth an estimated $8 billion, strikes a transatlantic balance as eastern Europe's largest economy faces rising tensions with Russia. "The government has accepted Defence Minist
  
  Read more

• UPDATE 1-Bonar 2024s slip as Argentina tries local sale

  21-04-2015 18:31
  NEW YORK, April 21 (IFR) - Argentina's Bonar 8.75% 2024s slipped close to a point Tuesday as the government announced a local sale of the bond to try to get round US restrictions on its market...
  
  Read more

• BlackBerry to buy WatchDox to bolster data security

  21-04-2015 18:31 via news.yahoo.com
  
  By Euan Rocha TORONTO (Reuters) - BlackBerry Ltd said on Tuesday it is acquiring privately-held U.S. tech company WatchDox, which makes software that secures files for clients ranging from private equity firms to Hollywood studios, in a bid to boost its security offerings. The Wall Street Journal, citing an unnamed source, said BlackBerry was paying $70 million for the Palo Alto, California-based company. Some of WatchDox's 85-member team is based at its research and development facilities
  
  Read more

• Yields hit 5.63 pct in Chicago schools bond sale

  21-04-2015 18:31
  CHICAGO, April 21 (Reuters) - Yields topped out at 5.63 pct for bonds due in 2039 in a $295.7 million Chicago Board of Education general obligation debt sale on Tuesday, according to an initial...
  
  Read more

• LatAm credits on solid footing

  21-04-2015 18:18
  NEW YORK, April 21 (IFR) - Latin American credits were on solid footing Tuesday, with most bonds from the region flat to tighter as global stocks climbed and oil prices remained steady.
  
  Read more

• UPDATE 2-Travelers profit misses estimates as investment income falls

  21-04-2015 18:12
  * Shares fall about 3 pct (Adds analyst comment, compares with estimates; updates shares)
  
  Read more

Follow @FinanceUSA_News on Twitter!