Finance news

• Interactive Data Corp owners plan sale or IPO-source

  27-04-2015 23:50
  April 27 (Reuters) - Private equity owners of Interactive Data Corp plan to appoint financial advisers over the next few weeks to explore a sale or an initial public offering, a person familiar with...
  
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• Morgan Stanley fights claim by Home Shopping founder's widow: filing

  27-04-2015 23:40
  
  (Reuters) - The widow of the Home Shopping Network's co-founder is seeking more than $170 million from Morgan Stanley in a case alleging, among other things, that the firm made excessive securities...
  
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• IPhone sales, China boosts Apple; shares up modestly

  27-04-2015 23:36 via news.yahoo.com
  
  (Reuters) - Apple Inc beat Wall Street's revenue and profit forecasts on Monday on the back of surging iPhone sales, especially in China, but it gave no sales figures for its new Apple Watch. As investors had expected, the most valuable publicly traded U.S. company raised its dividend and boosted its share repurchase programme. Apple sold 61.2 million iPhones in the quarter, up 40 percent from the year-ago quarter, but down from the record-breaking holiday quarter. Revenue in China rose 71
  
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• US stocks drop at start of busy week for earnings,

  27-04-2015 23:03 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks slumped on Monday as investors looked ahead to a flood of earnings reports this week.
  
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• Apple reveals Q2 beat, ups share buyback

  27-04-2015 22:43 via news.yahoo.com
  
  Apple posted fiscal second-quarter profits and sales Monday that handily beat Wall Street's estimates, while also unveiling a sharp increase in its plans to return capital to shareholders.
  
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• Wall St falls; European shares rise on optimism over Greece

  27-04-2015 22:43 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Wall Street shares fell on Monday, dragged lower by biotech and healthcare stocks, while European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. The Nasdaq Biotech Index and the S&P Healthcare index posted their biggest daily percentage losses in about a month, after disappointing news from several companies including Amgen . MSCI's all-country world stock index also to
  
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• Wall Street falls; European shares rise on optimism over Greece

  27-04-2015 22:42 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Wall Street shares fell on Monday, dragged lower by biotech and healthcare stocks, while European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. The Nasdaq Biotech Index and the S&P Healthcare index posted their biggest daily percentage losses in about a month, after disappointing news from several companies including Amgen . MSCI's all-country world stock index also to
  
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• Time Warner Cable, Cox Communications deny report of merger talks

  27-04-2015 21:37 via news.yahoo.com
  
  (Reuters) - Time Warner Cable Inc and Cox Communications Inc [COXC.UL] denied a Wall Street Journal report on Monday that Time Warner Cable had approached Cox Communications to discuss a potential merger. Cox Communications "did not show interest" in the discussions, the Journal reported, citing people familiar with the matter. We have not engaged in any discussions with Cox," Time Warner Cable's spokeswoman Susan Leepson told Reuters. Comcast Corp abandoned its $45 billion o
  
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• Time Warner Cable sought merger talks with Cox Communications - WSJ

  27-04-2015 21:25 via news.yahoo.com
  
  (Reuters) - Time Warner Cable Inc reached out to Cox Communications Inc [COXC.UL] in the past few days to discuss a possible merger, the Wall Street Journal reported, citing people familiar with the matter. Cox Communications "did not show interest" in the discussions, the Journal reported on Monday. Comcast Corp abandoned its $45 billion (£29.55 billion) offer for Time Warner Cable on Friday, after U.S. regulators raised concerns that the deal would give Comcast an unfair advantage i
  
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• Ireland eyes more tax cuts as growth forecast to be nudged up

  27-04-2015 21:23 via news.yahoo.com
  
  Ireland will have up to 1.5 billion euros (1.07 billion pounds) extra in its budget for next year to divide evenly between tax cuts and additional spending, finance minister Michael Noonan said on Monday ahead of major speech on the economy. Noonan and spending minister Brendan Howlin will deliver the government's "spring economic statement" on Tuesday, less than a year ahead of elections when the coalition parties hope to be rewarded for Ireland's economic recovery. Ireland&
  
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• Venezuela state oil firm's earnings fall 4.3% in 2014

  27-04-2015 20:37 via news.yahoo.com
  
  Venezuelan state oil company PDVSA's earnings fell 4.3 percent in 2014, it said Monday, reporting drops in production and exports after a year of economic upheaval and sliding crude prices. PDVSA, which dominates the oil industry in the country estimated to have the world's largest crude reserves, registered earnings of $128.4 billion last year, down from $134.3 billion the year before, it reported on its website. Venezuela is struggling with a prolonged recession and chronic shortages
  
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• Ireland eyes full recovery of PTSB rescue funds after bumper IPO

  27-04-2015 20:35 via news.yahoo.com
  
  By Padraic Halpin DUBLIN (Reuters) - Permanent tsb (PTSB) has raised 400 million euros (285.94 million pounds) in a share offer priced at the top of the range, prompting Ireland's finance minister to promise taxpayers a recovery of all the rescue funds invested in the bank. The smallest of Ireland's three remaining domestically owned banks had set a range of 3.90 to 4.50 euros per ordinary share for the issue, a test of investor appetite for the sector and for the country's No. 2 lender Allied I
  
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• Wall St. dips; Greece negotiating team rejig boosts Europe

  27-04-2015 20:30 via news.yahoo.com
  
  Wall Street fell modestly on Monday following healthcare stocks, but European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. The S&P Healthcare index was last down 1.28 percent, with a 3-percent drop in Amgen contributing to the S&P 500's retreat from an intraday record peak and dragging on the Nasdaq. MSCI's all-country world stock index pared gains after touching an intraday record high earlier
  
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• Wall Street dips; Greece negotiating team rejig boosts Europe

  27-04-2015 20:29 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Wall Street fell modestly on Monday following healthcare stocks, but European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. The S&P Healthcare index was last down 1.28 percent, with a 3-percent drop in Amgen contributing to the S&P 500's retreat from an intraday record peak and dragging on the Nasdaq. MSCI's all-country world stock index pared gains after touc
  
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• UPDATE 1-Harvey Miller, leading bankruptcy attorney, dies at 82

  27-04-2015 20:19
  NEW YORK, April 27 (Reuters) - Bankruptcy lawyer Harvey
  Miller, who led Lehman Brothers through its record-breaking
  Chapter 11 case starting in 2008, has died at 82 after a battle
  with ALS, his law...
  
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• Jury selection begins in criminal trial of ex-Dewey leaders

  27-04-2015 19:55
  April 27 (Reuters) - Jury selection kicked off on Monday in
  New York state court in the criminal trial of three former
  leaders of defunct law firm Dewey & LeBoeuf.
  
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• With Nasdaq at records, investors ask what's next for tech

  27-04-2015 19:32 via news.yahoo.com
  
  By David Randall NEW YORK (Reuters) - When the Nasdaq Composite last hit record highs during the dotcom era, fund manager Walter Price struggled with justifying paying 400 times a company's earnings for rapid growth. Instead, Price worries that the companies that have powered the 25 percent rally in the Nasdaq over the last year are likely to plateau. "What brought us here isn't likely going to keep pushing us forward," said Price, lead portfolio manager of the Wells Fargo Ad
  
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• European stocks soar on upbeat signs in Greek debt talks

  27-04-2015 19:32 via news.yahoo.com
  
  Europe's main stock markets rebounded strongly on Monday on optimism that stalled Greek debt talks would get on track after Athens shook up its negotiating team. London's benchmark FTSE 100 advanced 0.47 percent to hit a new record close of 7,103.98 points driven by more upbeat news from Greece and banking shares. Frankfurt's DAX 30 index jumped 1.93 percent to end the day at 12,039.16 points, while in Paris the CAC 40 rose 1.30 percent to 5,268.91. The naming of a new team to neg
  
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• US stocks edge lower at start of busy week for earnings

  27-04-2015 19:28 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks edged lower Monday afternoon as investors waited for a busy week of corporate earnings to begin. European shares rallied on the hopes that Greece will strike a deal with its creditors for new bailout money after it reshuffled its negotiating team.
  
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• Wall Street reverses course to trade lower as health stocks drag

  27-04-2015 19:00 via news.yahoo.com
  
  The S&P Healthcare index was down 1.32 percent, with Amgen's 3 percent drop to $163.02 the biggest drag on both the S&P 500 and the Nasdaq. The Nasdaq Biotech index was down 3.5 percent as Celladon plunged about 81 percent to a record low of $2.62. U.S. Food and Drug Administration staff reviewers said Amgen's skin cancer immunotherapy cannot be considered for an accelerated review at this time, citing concerns over the design and results of a key study.
  
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• Sell in May and Go Away? There’s a Smarter Play

  27-04-2015 18:40 via news.yahoo.com
  
  The old stock market adage recommends to “sell in May and go away,” but a review of historical data suggests that investors preparing to heed that advice and dump their holdings within a matter of days may be leaving money on the table.
  
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• French IT firm Cap Gemini to buy U.S. rival IGATE for $4 billion

  27-04-2015 18:35 via news.yahoo.com
  
  By Emelia Sithole-Matarise and Cyril Altmeyer PARIS (Reuters) - Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall. Cap Gemini also raised its 2015 sales forecast on Monday in a statement that was pushed up to coincide with the announcement of the deal. IGATE, which has strength in the financial services sec
  
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• US stocks mixed at start of busy week for earnings

  27-04-2015 18:35 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks traded mixed in the early afternoon Monday as investors looked ahead to a busy week for earnings news. European shares rallied on the hopes that Greece will strike a deal with its creditors to avert default after news it had reshuffled its negotiating team.
  
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• Maruti Suzuki to sharpen rural focus after Q4 earnings top forecasts

  27-04-2015 18:31 via news.yahoo.com
  
  By Aditi Shah NEW DELHI (Reuters) - Maruti Suzuki India Ltd, the country's top-selling car maker, plans to push deeper into smaller towns and villages to increase sales, its chairman said on Monday, after the company reported a forecast-beating rise in quarterly net profit. Maruti expects its push into rural areas will help expand its market share at a time when competition in bigger cities is intensifying, with several global car makers launching affordable, entry-level cars, the company&#
  
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• Qatar Navigation warns of challenging 2015

  27-04-2015 18:23 via news.yahoo.com
  
  * Q1 net profit 365 mln riyals vs 349 mln riyals year ago * Investment business earnings decline 31 pct * Chairman warns of "challenging" year (Adds detail, context) DUBAI, April 27 (Reuters) - Qatar Navigation (Milaha) warned of a challenging 2015 as conditions in its offshore business remained weak and its investment business was exposed to instability in local equity markets. "While we hope to maintain the momentum, we know that general market conditions for our offshore segment are weakening
  
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• Harvey Miller, leading bankruptcy attorney, dies at 82

  27-04-2015 18:21
  April 27 (Reuters) - Bankruptcy lawyer Harvey Miller, who
  led Lehman Brothers through its record-breaking Chapter 11 case
  starting in 2008, has died at 82, after a battle with ALS, his
  law firm, Weil...
  
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• Europe stocks soar higher at close

  27-04-2015 18:00 via news.yahoo.com
  
  Paris (AFP) - Europe's main stock markets closed higher Thursday, with Frankfurt's DAX 30 index soaring 1.93 percent to 12,039.16 points and the CAC 40 in Paris jumping 1.30 percent to 5,268.91 points.
  
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• Wall Street edges higher ahead of Apple results, S&P hits record

  27-04-2015 17:38 via news.yahoo.com
  
  Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked. At 11:33 a.m. EDT (1533 GMT) the Dow Jones industrial average was up 49.88 points, or 0.28 percent, at 18,130.02, the S&P 500 was up 3.6 points, or 0.17 percent, at 2,121.29 and the Nasdaq Composite was up 8.71 points, or 0.17 percent, at 5,100.80.
  
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• Mylan says Teva offer too low and stock 'unacceptable'

  27-04-2015 17:36 via news.yahoo.com
  
  (Reuters) - Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion (£26.2 billion) takeover offer on Monday, saying it was too low and calling Teva stock an "unacceptable" currency. Mylan, which is pursuing its own takeover of Perrigo Co Plc, had been expected to reject the offer after having indicated that such a combination would not be a good fit. 'High-Risk Currency' Mylan Executive Chairman Rob Coury said in a lengthy letter to Teva released
  
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• US stocks creep higher at start of busy week for earnings

  27-04-2015 17:24 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks rose slightly in morning trading Monday as investors looked ahead to a busy week for earnings news and a meeting by the Federal Reserve on interest rates.
  
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• China wine growers beat France into second place

  27-04-2015 17:24 via news.yahoo.com
  
  By Sybille de La Hamaide PARIS (Reuters) - China overtook France last year as the world's second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand. The world's second largest economy, which since 2013 consumes more red wine than any other country, has more than doubled the land devoted to vines since the start of the century to 799,000 hectares, the International Vine and Wine organization OIV said o
  
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• Facing oil price drop, Algeria's Sonatrach seeks service discounts

  27-04-2015 17:23 via news.yahoo.com
  
  By Lamine Chikhi ALGIERS (Reuters) - Algeria's state energy company Sonatrach has demanded its service providers cut their prices by up to 15 percent as the OPEC member country tries to ward off the impact of falling oil prices, industry sources said. The collapse in crude prices is testing Algeria's economy, which relies on energy sales for 60 percent of state revenues and to pay for a welfare system and subsidies that have helped calm social unrest. Companies providing services in th
  
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• Rajoy warns Spaniards against lure of Greek-style policies

  27-04-2015 17:22 via news.yahoo.com
  
  Spanish Prime Minister Mariano Rajoy warned Spaniards off Greek-style anti-austerity policies Monday, saying the kind of confrontational stance adopted by the Athens government jeopardised economic recovery. Rajoy's remarks come less than a month before local elections in which his conservative Popular Party faces a challenge from two new parties, including the anti-austerity Podemos, an ally of Greece's ruling Syriza. "At the moment, I see as enemies of Spain's recovery the
  
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• IGATE founders to bag $1 billion in acquisition by Cap Gemini

  27-04-2015 16:32 via news.yahoo.com
  
  French IT services company Cap Gemini plans to buy U.S.-based rival IGATE Corp for $4 billion, in a deal that makes North America its biggest market and hands IGATE's founders a $1 billion windfall. Cap Gemini also raised its 2015 sales forecast on Monday in a first-quarter statement brought forward to coincide with the announcement of the cash deal. IGATE, a technology and services company with strength in the financial services sector but also active in retail, manufacturing and healthcar
  
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• Wall St opens up, Nasdaq closer to record ahead of Apple earnings

  27-04-2015 16:29 via news.yahoo.com
  
  Wall Street was higher at the open on Monday and the Nasdaq inched closer to its record intraday high ahead of Apple's results after the close. Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked. "So far, both the economic data and earnings data has been weaker-than-expected and so that means that an imminent rate hike is most likely off the table," said Adam S
  
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• US stocks rising at start of busy week for earnings

  27-04-2015 16:26 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks mostly rose as trading opened Monday with investors looking ahead to a busy week for earnings news and a meeting by the Federal Reserve on interest rates.
  
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• China foreign website malfunction drives home Internet woes

  27-04-2015 16:18 via news.yahoo.com
  
  BEIJING/SHANGHAI (Reuters) - Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. Social media users first reported on Sunday that they were being sent to software website wpkg.org and travel website ptraveler.com when trying to access news websites like cnn.com, news portal yahoo.co.jp, and games website runescape.com, among ot
  
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• Quake also devastates impoverished Nepal's economy

  27-04-2015 16:15 via news.yahoo.com
  
  Nepal, one of Asia's poorest countries, faces a crippling multi-billion dollar post-quake reconstruction bill that will set it back years, just as its economy was looking up after a decade-long civil war. Saturday's 7.8-magnitude quake devastated much of the capital Kathmandu and killed more than 3,200 people in Nepal's deadliest disaster for more than 80 years. Racked by political instability since a deadly war with Maoist rebels ended in 2006, earthquake-prone Nepal must now cop
  
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• Wall Street opens up, Nasdaq closer to record ahead of Apple earnings

  27-04-2015 16:05 via news.yahoo.com
  
  Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked. "So far, both the economic data and earnings data has been weaker-than-expected and so that means that an imminent rate hike is most likely off the table," said Adam Sarhan, chief executive of Sarhan Capital in New York. The Nasdaq hit a intraday high of 5119.828, the closest it has reached to its record high of 51
  
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• Stocks rise as investors prepare for busy week of earnings

  27-04-2015 15:46 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market is opening moderately higher as investors prepare for a busy week of company earnings news.
  
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• Wall Street opens up ahead of Apple earnings

  27-04-2015 15:36 via news.yahoo.com
  
  (Reuters) - Wall Street opened higher on Monday after the Nasdaq and S&P 500 chalked up record high closes on Friday and ahead of Apple's results after the close.
  
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• UK's four major banks face further £19bn in litigation charges, S&P reveals

  27-04-2015 15:30 via news.yahoo.com
  
  The UK's four largest banks have paid £42bn in litigation charges in the five years leading up to 2014, according to S&P.
  
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• Putin accuses 'quasi-partners' of counting on Russia collapse

  27-04-2015 15:21 via news.yahoo.com
  
  President Vladimir Putin accused some of Russia's "quasi-partners" on Monday of counting on the country's collapse by cutting its banks off from the global financial system at a time when oil prices had plunged. Speaking in Russia's second city of St Petersburg, Putin said they had been proved wrong and the economy had easily weathered the crisis, deepened by Western sanctions imposed to punish Moscow over its policies in Ukraine. "After the fall in oil prices from
  
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• Wall Street to open up ahead of Apple earnings, Fed meeting later this week

  27-04-2015 15:10 via news.yahoo.com
  
  Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked. "So far, both the economic data and earnings data has been weaker-than-expected and so that means that an imminent rate hike is most likely off the table," said Adam Sarhan, chief executive of Sarhan Capital in New York. The S&P 500 closed at a record high of 2,117.69 points, just above its previous high of 2,1
  
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• Turkish state lender Ziraat aims to open Ethiopia office -minister

  27-04-2015 14:52 via news.yahoo.com
  
  Turkey's state-owned Ziraat Bank [TCZIR.UL] hopes to open a representative office in Ethiopia by the end of the year, Economy Minister Nihat Zeybekci said on Monday, becoming a rare entrant into a market largely closed to foreigners. Foreign banks have long sought to enter Ethiopia. Economic growth in Africa's second most populous nation averaged more than 9 percent a year between 2005 and 2013, World Bank figures show, and the government is investing heavily in new roads and power pla
  
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• Financial records: What to keep, what to toss

  27-04-2015 14:12
  
  LOS ANGELES (Reuters) - (The author is a Reuters columnist. The opinions expressed are her own.) I don't make New Year's resolutions. Instead, I resolve every tax season to get a better handle on my...
  
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• For Hong Kong regulator, HSBC presents major challenges

  27-04-2015 13:50 via news.yahoo.com
  
  A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. The Hong Kong Monetary Authority (HKMA) is regarded as one of Asia's leading regulators and has experience with subsidiaries and branches of large banks. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. So the HKMA would have to scale up its regulatory operat
  
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• Major Asian markets largely higher after Wall Street hits record

  27-04-2015 13:36 via news.yahoo.com
  
  Shanghai led several major Asian bourses higher Monday as traders bet on fresh economy-boosting measures in China, while another record-breaking close on Wall Street also provided support.
  
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• Volkswagen investors hope Piech exit may usher in change

  27-04-2015 13:30 via news.yahoo.com
  
  Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech. Piech, the mastermind of VW's global expansion and a towering figure at the German group for more than two decades, stepped down on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn. Almost 80 percent of VW investors expect the carmaker's
  
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• Stock futures up ahead of Apple earnings, Fed meeting later this week

  27-04-2015 13:27 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were up slightly on Monday after the Nasdaq Composite and S&P 500 chalked up record high closes on Friday and ahead of Apple's results after the close.
  
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