Finance news

• Deutsche Bank to split off Postbank via stock market - trade union

  24-04-2015 23:46 via news.yahoo.com
  
  FRANKFURT (Reuters) - German trade union Verdi on Friday said that Deutsche Bank management has chosen to split off its Postbank division via the stock market. "The management board of Deutsche Bank chose the model where Postbank will be split off through a stock market flotation," Verdi said in a statement following an official Deutsche announcement about its new strategy. (Reporting by Thomas Atkins; Editing by Maria Sheahan)
  
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• UPDATE 1-BlackBerry considers closing Sweden operations

  24-04-2015 23:38
  April 24 (Reuters) - BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, a company spokesperson told Reuters.
  
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• UPDATE 3-Four Petrobras platforms halt output due to oil leak -union

  24-04-2015 23:37
  RIO DE JANEIRO, April 24 (Reuters) - Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a...
  
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• TABLE-Brazil central bank announces terms of daily swap auction

  24-04-2015 23:33
  April 24 (Reuters) - Following are the terms of the currency swap auction that Brazil's central bank will hold on Monday to roll over similar contracts maturing early next month. The auction will...
  
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• UPDATE 2-Bondholder group says PREPA's criticisms fundamentally flawed

  24-04-2015 23:32
  NEW YORK, April 24 (Reuters) - A group of bondholders in Puerto Rico's power authority, PREPA, slammed on Friday the public utility's criticisms of their $2 billion restructuring plan, saying the...
  
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• U.S. municipal bond sales next week fall back from high levels

  24-04-2015 23:17
  NEW YORK, April 24 (Reuters) - Sales of U.S. municipal bonds and notes ne xt week will total about $4.9 billion, according to Thomson Reuters estimates, a decrease from the more robust and...
  
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• GE buyout-lending unit draws interest from SunTrust, Apollo, Ares: Bloomberg

  24-04-2015 23:08
  (Reuters) - SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States,...
  
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• CANADA FX DEBT-C$ eases as U.S. crude slips, traders trim positions

  24-04-2015 23:06
  * Canadian dollar at C$1.2170 or 82.17 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, April 24 (Reuters) - The Canadian dollar retreated against the U.S. dollar on...
  
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• Brazil likely to exclude railways from new infrastructure auctions

  24-04-2015 23:01
  BRASILIA, April 24 (Reuters) - Brazil is unlikely to have new railway projects in its plan to lure private investment to improve the country's aging infrastructure and aid the stagnant economy.
  
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• Drug overlaps, shortages may complicate Teva bid for Mylan

  24-04-2015 22:58
  
  NEW YORK (Reuters) - Teva Pharmaceutical Industries' bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply, according to...
  
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• U.S. regulator says 'flash crash' manipulation hard to detect

  24-04-2015 22:48 via news.yahoo.com
  
  By Suzanne Barlyn CHICAGO (Reuters) - The type of alleged market manipulation by the British trader accused of helping provoke the "flash crash" in 2010 is hard to detect, the chief of the Financial Industry Regulatory Authority said on Friday. Nonetheless, the alleged abuses were "somewhat surprising" given that his behaviour was identified in 2009 but continued for another five years, said Richard Ketchum, chairman and chief executive of FINRA, a self-funded regulator for Wall Street. "I won't
  
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• Equities hit record highs, dollar weakens on gloomy data

  24-04-2015 22:47 via news.yahoo.com
  
  Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy U.S. economic data. Amazon.com Inc , Microsoft Corp and Google Inc led Wall Street higher, pushing the Nasdaq to a second straight record closing high a day after it topped a record that had stood for more than 15 years.
  
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• CORRECTED-Christie's wife quits Wall St job amid speculation he will seek White House

  24-04-2015 22:46
  April 24 (Reuters) - Mary Pat Christie, the wife of New Jersey Governor Chris Christie, resigned from her Wall Street job, his spokesman confirmed, as her husband contemplates a run for the White...
  
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• Global equities hit record highs, dollar weakens on gloomy data

  24-04-2015 22:45 via news.yahoo.com
  
  By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy U.S. economic data. Amazon.com Inc , Microsoft Corp and Google Inc led Wall Street higher, pushing the Nasdaq to a second straight record closing high a day after it topped a record that had stood for more than 15 years. "I think we're on m
  
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• Tech triumvirate propels Nasdaq, S&P to record highs

  24-04-2015 22:45 via news.yahoo.com
  
  The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The Nasdaq Composite added 0.71 percent to end at 5,092.09, its second straight record high close. Amazon surged 14.13 percent to a lifetime high after revenue beat estimates. Google ended 2.9 percent after reporting higher quarterly results while Microsoft jumped 10.45 percent after it topped estimates.
  
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• GLOBAL MARKETS-Equities hit record highs, dollar weakens on gloomy data

  24-04-2015 22:42
  * Benchmark U.S. Treasury yields also slip (Adds U.S. market close)
  
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• S&P cuts rating on PREPA power revenue bonds

  24-04-2015 22:41
  April 24 (Reuters) - Standard & Poor's Ratings Services cut its rating on Puerto Rico Electric Power Authority's (PREPA) power revenue bonds to "CCC-" from "CCC", citing an imbalance between revenues...
  
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• US STOCKS-Tech triumvirate propels Nasdaq, S&P to record highs

  24-04-2015 22:40 via news.yahoo.com
  
  The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The Nasdaq Composite added 0.71 percent to end at ...
  
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• BlackBerry considers closing Sweden operations - WSJ

  24-04-2015 22:39 via news.yahoo.com
  
  (Reuters) - BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, the Wall Street Journal reported, quoting a company spokeswoman. The Canadian smartphone will make a final decision on the planned closure after completing talks with the employees' unions, the Journal reported. "At this time, we are considering the closure of our offices in Sweden [and] since this may impact approximately 100 employees, we are now initiating
  
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• UPDATE 3- Xerox cuts 2015 profit forecast due to strong dollar

  24-04-2015 22:34
  * Cuts adj. profit forecast to 95 cents-$1.01/shr from $1-$1.06
  
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• LatAm credit ends off intra-day highs after active week

  24-04-2015 22:18
  NEW YORK, April 24 (IFR) - LatAm credits were coming off intraday highs Friday as investors took some profits after a decent run-up following the release of Petrobras's full-year financials.
  
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• Fitch Affirms City of Milan at 'BBB+'; Outlook Stable

  24-04-2015 22:12
  (The following statement was released by the rating agency) MILAN/PARIS/LONDON, April 24 (Fitch) Fitch Ratings has affirmed the City of Milan's Long-term foreign and local currency Issuer Default...
  
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• Nasdaq, S&P 500 end at record highs

  24-04-2015 22:11 via news.yahoo.com
  
  NEW YORK (Reuters) - The Nasdaq and S&P 500 ended at record highs on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft.
  
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• Fitch Affirms City of Turin at 'BBB'; Outlook Stable

  24-04-2015 22:10
  (The following statement was released by the rating agency) MILAN/PARIS/LONDON, April 24 (Fitch) Fitch Ratings has affirmed the Italian City of Turin's Long-term foreign and local currency Issuer...
  
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• UPDATE 1-Net U.S. dollar longs fall to lowest since Sept-CFTC and Reuters

  24-04-2015 22:08
  (Adds table, details from latest data) NEW YORK, April 24 (Reuters) - Speculators reduced positive bets on the U.S. dollar, pushing the currency's net long position to their lowest since September,...
  
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• Fitch Affirms Morocco at 'BBB-'; Outlook Stable

  24-04-2015 22:07
  (The following statement was released by the rating agency) LONDON, April 24 (Fitch) Fitch Ratings has affirmed Morocco's Long-term foreign and local currency Issuer Default Ratings at 'BBB-' and...
  
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• Fitch Affirms Cyprus at 'B-'; Outlook Positive

  24-04-2015 22:06
  (The following statement was released by the rating agency) LONDON, April 24 (Fitch) Fitch Ratings has affirmed Cyprus's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B-'...
  
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• Fitch Affirms Lesotho at 'BB-'; Outlook Stable

  24-04-2015 22:06
  (The following statement was released by the rating agency) LONDON, April 24 (Fitch) Fitch Ratings has affirmed Lesotho's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BB-'and...
  
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• Exclusive: Data storage company Nutanix to hire banks for IPO - sources

  24-04-2015 21:50
  (Reuters) - Nutanix, a maker of server and storage systems, is in talks to hire underwriters for an initial public offering later this year that could value the U.S. company at more than $2.5...
  
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• Worldpay Owners Pick Goldman For £6bn Float

  24-04-2015 21:47 via news.yahoo.com
  
  The owners of Worldpay, the UK-based payment processing group, are close to appointing bankers to prepare a stock market flotation that could value it at a staggering £6bn. Sky News has learnt that Advent International and Bain Capital, the two buyout firms which have controlled Worldpay since 2010, are on the verge of appointing Goldman Sachs to undertake a review of their options. The most likely outcome of the Goldman-led review is a decision to pursue a listing for which stock exchanges in
  
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• Net U.S. dollar longs fall to lowest since Sept-CFTC and Reuters

  24-04-2015 21:44
  NEW YORK, April 24 (Reuters) - Speculators reduced positive bets on the U.S. dollar, pushing the currency's net long position to their lowest since September, according to data from the Commodity...
  
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• UPDATE 2-Charter seeks talks with Time Warner Cable -source

  24-04-2015 21:40
  April 24 (Reuters) - Charter Communications Inc representatives have reached out to Time Warner Cable to begin discussions on a potential merger, a person familiar with the matter said on...
  
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• Sky approached Mediaset to buy pay-TV unit: sources

  24-04-2015 21:23
  MILAN (Reuters) - The Italian unit of Sky Plc approached Italian broadcaster Mediaset to buy its unprofitable pay-TV business Mediaset Premium but was rebuffed, according to two sources close to the...
  
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• Global equities hit record highs, dollar weakens

  24-04-2015 21:17 via news.yahoo.com
  
  By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Equity markets around the world climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased. Amazon.com Inc , Microsoft Corp and Google Inc led Wall Street higher, prepping the Nasdaq for a second straight record closing high.
  
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• France can learn from Irish recovery: PM

  24-04-2015 21:07 via news.yahoo.com
  
  French Prime Minister Manuel Valls on Friday said France could find inspiration from the Irish economic recovery, including its start-up culture, as an example of an economy oriented towards high growth. Ireland's economy raced ahead at the fastest rate in Europe last year following the end of its European Union-International Monetary Fund bailout, and is forecast to grow strongly again this year. Valls wanted "to see what we can (take) from the Irish example," he said at a joint
  
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• Corrected - Big personalities of the dotcom boom: where are they now?

  24-04-2015 20:41 via news.yahoo.com
  
  By Jennifer Ablan and Heather Struck NEW YORK (Reuters) - (Story corrects paragraph 16 to show that TheRealReal was founded in 2011, not 2012, and has 3.5 million members, not monthly users.) The Nasdaq's March 2000 peak brought with it a plethora of colourful personalities - Wall Street analysts, bankers and tech moguls - who saw their reputations tarnished once the bubble burst. HENRY BLODGET: ULTIMATE BUSINESS INSIDER Then: In his initial heyday, Henry Blodget called Amazon's success early an
  
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• Nasdaq hits 15-year high, propelled by tech triumvirate

  24-04-2015 20:39 via news.yahoo.com
  
  Google gained 3.6 percent after reporting higher quarterly results while Microsoft jumped 9.4 percent after it topped estimates. The Nasdaq rose as high as 5,100.371, the highest since its intraday record of 5,132.52 in March 2000. "The difference today contrasting with back then is, you have a lot of mature companies like Microsoft, EMC and Intel that can be looked at as almost blue chip companies that pay relatively high dividends," said James Abate, chief investment officer of Cente
  
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• US STOCKS-Nasdaq hits 15-year high, propelled by tech triumvirate

  24-04-2015 20:33 via news.yahoo.com
  
  The Nasdaq Composite hit a 15-year intraday high on Friday afternoon, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The S&P 500 also hit a record intraday high for a second ...
  
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• France to 'talk again' with Renault but reaffirms vote plan

  24-04-2015 20:28 via news.yahoo.com
  
  French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault boss Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes. Ghosn has demanded that the government step back from its decision to seek double voting rights in a vote at the company's annual shareholders meeting on April 30. He says it risks destabilizing Renault's alliance with Nissan, the Japanese carmak
  
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• REFILE-UPDATE 4-HSBC looks at moving HQ from Britain as tax and regulations bite

  24-04-2015 20:14
  * Investors urge HSBC, StanChart to mull move after UK tax rise
  
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• Equities hit record highs, dollar weakens

  24-04-2015 20:05 via news.yahoo.com
  
  By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Equity markets around the world rode to all-time highs on Friday as solid corporate earnings and a record peak for the Nasdaq stock index stoked investor optimism, but the dollar eased. Amazon.com Inc, Microsoft Corp and Google Inc led Wall Street higher, prepping the Nasdaq for a second straight record closing high.
  
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• UPDATE 1-Italy's market watchdog to investigate fake Intesa statement

  24-04-2015 19:33
  MILAN, April 24 (Reuters) - Italy's market watchdog Consob is investigating a fake statement issued on Friday in the name of Intesa Sanpaolo announcing the resignation of the bank's chief executive,...
  
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• Big personalities of the dotcom boom - where are they now?

  24-04-2015 19:29 via news.yahoo.com
  
  By Jennifer Ablan and Heather Struck NEW YORK (Reuters) - The Nasdaq's March 2000 peak brought with it a plethora of colorful personalities - Wall Street analysts, bankers and tech moguls - who saw their reputations tarnished once the bubble burst. HENRY BLODGET: ULTIMATE BUSINESS INSIDER Then: In his initial heyday, Henry Blodget called Amazon's success early and earned $12 million a year analyzing internet stocks at brokerage Merrill Lynch (now owned by Bank of America). In 2002, he agreed to
  
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• Generic drugmaker Mylan goes hostile in bid for Perrigo

  24-04-2015 19:15
  (Reuters) - Generic drugmaker Mylan NV said on Friday it would take its $31 billion offer for Perrigo Co Plc directly to shareholders, in what is set to be one of the most high-profile hostile...
  
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• European stocks close higher awaiting Greek resolution

  24-04-2015 18:58 via news.yahoo.com
  
  European stock markets closed higher Friday on hopes embattled eurozone member Greece will take strides towards a debt deal to unlock bailout money. London's benchmark FTSE 100 ended the day 0.24 percent higher at 7,070.70 points, while in Paris the CAC 40 finished 0.44 percent ahead at 5,201.45 points. Madrid's stock market wound up 0.22 percent ahead, and Milan ended the day with a 0.98 percent rise. On Wall Street, good earnings reports by Amazon, Microsoft and Google helped the Nas
  
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• UPDATE 2-Generic drugmaker Mylan goes hostile in bid for Perrigo

  24-04-2015 18:57
  April 24 (Reuters) - Generic drugmaker Mylan NV said on Friday it would take its $31 billion offer for Perrigo Co Plc directly to shareholders, in what is set to be one of the most high-profile...
  
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• BUZZ-HSBC: move to HK could see almost $1.4 bln boost to earnings, Bernstein says

  24-04-2015 18:51 via news.yahoo.com
  
  ** A move to HK would eliminate the need to pay more than three-quarters of that levy -- a potential boost to earnings of almost $1.4 bln, according to Bernstein. ** HSBC, Europe's largest lender, has ordered a review into whether it should move its HQ (Stockholm: HQ.ST - news) out of Britain.
  
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• Greece under fire from creditors as bailout talks drag

  24-04-2015 18:41 via news.yahoo.com
  
  RIGA, Latvia (AP) — European creditors turned up the heat on Greece Friday to deliver an economic reform program that it needs to avoid a possible default and even an exit from the euro.
  
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• BRIEF-Sniace announces dissolution of 2 subsidiaries after decision of Madrid's Commercial Court

  24-04-2015 18:40
  * Announces the dissolution of Bosques De Cantabria SA and
  Bosques 2000 SL after the decision of Madrid's Commercial Court
  No. 2
  Source text for Eikon:
  
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• From Woking to Wall Street - UK day traders dream of glory in daily grind

  24-04-2015 18:36 via news.yahoo.com
  
  The building is home to Futex, one of several so-called "trading farms" in the UK that give training, office space and equipment to people prepared to make short-term trades, mostly within a day, with their own money in the hope of being hired or sponsored for a cut of their profits. According to former Futex trader Simon Maelzer and comments on social media by other Futex employees, Navinder Singh Sarao - who has been accused by U.S. authorities of contributing to the May 2010 "f
  
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