Finance news

• Nomura, RBS must pay $806 mln in mortgage bond case-U.S. judge

  15-05-2015 23:54
  NEW YORK, May 15 (Reuters) - A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling...
  
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• UK's Osborne says to spell out new plans for economy on July 8

  15-05-2015 23:52
  LONDON, May 15 (Reuters) - British finance minister George Osborne, fresh from his Conservative Party's election victory on May 7, said he would spell out on July 8 how he plans to make further big...
  
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• UPDATE 1-Brazil's Petrobras posts 5.33 bln 1st qtr profit, beats outlook

  15-05-2015 23:36
  RIO DE JANEIRO, May 15 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts on Friday, posting first-quarter profit little changed from a year earlier, as an end...
  
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• Buffett's Berkshire adds to favorites IBM, Wells Fargo

  15-05-2015 23:34
  
  (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo & Co and International Business...
  
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• NYSE investigating technical glitch in options market

  15-05-2015 23:31 via news.yahoo.com
  
  NEW YORK (Reuters) - NYSE Amex Options said on Friday it was investigating a technical issue involving the symbol range A through AZO, but excluding Apple Inc . The exchan...
  
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• Puerto Rico tax agreement 'positive' for new bond deal - source

  15-05-2015 23:22
  NEW YORK, May 15 (Reuters) - An agreement by Puerto Rico lawmakers on new revenue-boosting tax measures is a "positive development" for a financing deal of up to $2.95 billion, a source close to...
  
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• Brazil's Petrobras posts 1st-qtr net profit of 5.33 bln reais

  15-05-2015 23:13
  RIO DE JANEIRO, May 15 (Reuters) - Brazil's Petroleo Brasileiro SA reported a first-quarter profit of 5.33 billion reais ($1.78 billion), the state-run oil company said on Friday in a statement filed...
  
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• Treasury yields fall, dollar slips after soft U.S. data

  15-05-2015 23:04 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Treasury yields dropped and the dollar eased on Friday following a stabilization in European government bonds and another batch of weak U.S. data that raised expectations the Federal Reserve will need to wait longer to hike interest rates. U.S. stocks finished near flat, though the S&P 500 eked out another record closing high and major indexes posted gains for the week. The MSCI World equity index gained 0.26 percent and was up for the week as we
  
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• GLOBAL MARKETS-Treasury yields fall, dollar slips after soft U.S. data

  15-05-2015 23:01
  * U.S. stocks end little changed though S&P 500 posts record high close
  
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• CANADA FX DEBT-C$ slips as oil rally stalls, soft U.S. data in focus

  15-05-2015 22:59
  (Updates throught with strategist comments, closing figures) * Canadian dollar at C$1.2022 or 83.18 U.S. cents * Bond prices higher across the maturity curve By Solarina Ho TORONTO, May 15 (Reuters)...
  
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• US stock indexes end mostly higher; S&P hits new high

  15-05-2015 22:58 via news.yahoo.com
  
  U.S. stock indexes spent Friday mostly drifting between tiny gains and losses, but the small moves were enough to nudge the Standard & Poor's 500 index to its second record high in two days.
  
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• Carl Icahn invests $100 million in ride-sharing service Lyft

  15-05-2015 22:50
  
  (Reuters) - In an uncharacteristic move, activist investor Carl Icahn's Icahn Enterprises LPmade a $100 million investment in Lyft Inc., adding momentum to the ride-sharing company's rapid...
  
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• S&P ekes out second record close after lacklustre data

  15-05-2015 22:48 via news.yahoo.com
  
  (Reuters) - U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data. The S&P 500 gained 1.63 points, or 0.08 percent, to end at 2,122.73.
  
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• FBI to look into suspicious bid for Avon: WSJ

  15-05-2015 22:47 via news.yahoo.com
  
  (Reuters) - FBI officials have started to review a suspicious buyout bid for cosmetics company Avon Products Inc by purported acquirer PTG Capital Partners, Wall Street Journal reported, citing people familiar with the matter. The SEC, which was running a separate civil probe, has shared information with the FBI, the people said. PTG Capital Partners said in an SEC filing on Thursday that it would pay $18.75 per Avon share, sending the company's stock up as much as 20 percent. According to
  
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• UPDATE 1-White House officials briefed on Chicago's credit rating -spokesman

  15-05-2015 22:46
  WASHINGTON, May 15 (Reuters) - Senior Obama administration officials have been briefed on the financial situation in Chicago, the White House said on Friday, after Moody's Investor Service this week...
  
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• Big name investors take sides on Ackman bet on Valeant: filings

  15-05-2015 22:45 via news.yahoo.com
  
  Wall Street's savviest investors are picking sides on Bill Ackman's new bet on Valeant Pharmaceuticals International Inc , with BlueMountain Capital and T. Rowe Price adding money, while Viking Global Investors and Jana Partners cut stakes. In the last 52 weeks, it has risen 80 percent, outperforming both the S&P 500 Index and the Pharmaceuticals sub-index.
  
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• S&P ekes out second record close after lackluster data

  15-05-2015 22:43 via news.yahoo.com
  
  The S&P 500 gained 1.63 points, or 0.08 percent, to end at 2,122.73. Economists had forecast a rise of 0.1 percent.
  
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• UPDATE 2-Greek PM says won't back down from red lines in EU/IMF talks

  15-05-2015 22:40
  ATHENS, May 15 (Reuters) - Greek Prime Minister Alexis Tsipras said on Friday his government would not back down from its red lines in negotiations with its foreign lenders but said a deal must be...
  
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• Brazil's Vale secures $3 bln credit line

  15-05-2015 22:38
  RIO DE JANEIRO, May 15 (Reuters) - Brazilian miner Vale said on Friday it secured a $3 billion revolving credit facility for a term of five years.
  
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• UPDATE 2-Puerto Rico bonds rally in high volume after tax accord

  15-05-2015 22:33
  NEW YORK, May 15 (Reuters) - Puerto Rico bonds rallied in high volume on Friday, pushing yields lower after lawmakers agreed to a series of tax measures late on Thursday that could help stabilize the...
  
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• UPDATE 4-Portugal gets three bids in TAP airline privatisation

  15-05-2015 22:32
  LISBON, May 15 (Reuters) - Portugal's government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise the heavily indebted airline since 2012,...
  
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• UPDATE 1-Chicago Mayor Emanuel names Carole Brown as city's new CFO

  15-05-2015 22:17
  CHICAGO, May 15 (Reuters) - Chicago Mayor Rahm Emanuel on Friday named Carole Brown, a managing director at Barclays , as chief financial officer for the financially troubled city.
  
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• Ivory Coast opposition forms coalition to take on Ouattara

  15-05-2015 22:16 via news.yahoo.com
  
  Thirteen Ivory Coast political figures, including a former prime minister and an opposition leader, formed a coalition on Friday to challenge incumbent President Alassane Ouattara in elections later this year. Ivory Coast is emerging from a decade of turmoil, and previous presidential elections that have been marked by violence and the exclusion of leading politicians. Ouattara, who took office in 2011 following a brief post-election civil war, has steered the world's top cocoa grower to an
  
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• Wall St. drifts, S&P 500 ticks up to record

  15-05-2015 22:14 via news.yahoo.com
  
  (Reuters) - U.S. stocks were little changed on Friday, with the S&P 500 closing at a record high for a second straight session after a ream of weak economic data.
  
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• UPDATE 1-Net U.S. dollar longs fall to lowest in nine months-CFTC, Reuters

  15-05-2015 22:10
  (Adds details, tables) May 15 (Reuters) - Speculators further pared back positive bets on the U.S. dollar in the latest period, pushing the currency's net long position to the lowest in nine months,...
  
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• US stocks flat in afternoon trading a day after record

  15-05-2015 21:19 via news.yahoo.com
  
  Major U.S. stock indexes veered between small gains and losses in late-afternoon trading Friday. Investors were weighing new economic data and the latest corporate earnings news. Utilities stocks were among the biggest gainers.
  
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• Penske seeks $1 billion sale of Truck-Lite: sources

  15-05-2015 21:05
  (Reuters) - Transportation services company Penske Corp is exploring a sale of Truck-Lite Co LLC, in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to...
  
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• Wall St. dips, S&P off peak, on lackluster data

  15-05-2015 20:42 via news.yahoo.com
  
  At 2:01 p.m., the Dow Jones industrial average fell 15.95 points, or 0.09 percent, to 18,236.29, the S&P 500 lost 2.04 points, or 0.1 percent, to 2,119.06 and the Nasdaq Composite dropped 11.79 points, or 0.23 percent, to 5,039.01. Four of the 10 major S&P 500 sectors fell, with the financial index down 0.69 percent. Microsoft , which dropped 1.31 percent, was the biggest contributor to the S&P 500's decline.
  
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• Unibail sells German mall operator stake to Canada's CPPIB

  15-05-2015 19:47
  PARIS (Reuters) - French real estate group Unibail-Rodamcosaid it signed an agreement to sell a 46.1 percent stake in German shopping center operator mfi AG to the Canada Pension Plan Investment...
  
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• Weak U.S. data point to modest second quarter economic rebound

  15-05-2015 19:46 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter. The economy's struggle to pick up steam after a dismal first quarter was underscored by other data on Friday showing a drop in consumer confidence to a seven-month low in early May and only a mild rebound in factory activity in New
  
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• Netflix stock lifts on China rumors

  15-05-2015 19:36 via news.yahoo.com
  
  Netflix shares surged Friday after news reports that the streaming television giant was in talks to begin operations in China. In midday trade, Netflix shares were up 4.7 percent at $614.31, which translates to a market value in excess of $35 billion. The Wall Street Journal reported that Netflix was in the early stages of talks with the Chinese government to bring its on-demand service to the Asian giant. Beyond that, we don't comment on rumor or speculation," Netflix spokesman Jonath
  
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• Sysco may face about $1 billion in costs if US Foods merger dies

  15-05-2015 19:06
  
  WASHINGTON/NEW YORK (Reuters) - Sysco Corpwill be left with a bill of around $1 billion if the U.S. government kills its $3.5 billion merger with US Foods, regulatory filings show, underscoring the...
  
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• Canada sets 30 percent cut in greenhouse gas output, details sparse

  15-05-2015 19:03 via news.yahoo.com
  
  By Rod Nickel WINNIPEG (Reuters) - Canada, under fire for its environmental record, pledged on Friday to cut greenhouse gas emissions by 30 percent below 2005 levels by 2030 but gave few details of what Ottawa acknowledged was an ambitious plan. As part of the official announcement, Environment Minister Leona Aglukkaq said the government would develop new rules for natural gas-fired electricity generation and to cut methane emissions from the oil and gas sector. "We will continue to reduce
  
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• EMERGING MARKETS-Brazil's real gains as U.S. data points to later rate hike

  15-05-2015 18:53
  SAO PAULO, May 15 (Reuters) - Brazil's currency strengthened on Friday after U.S. economic data suggested that interest rates in the world's largest economy could rise later rather than sooner. Other...
  
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• Woody Allen says his TV series will be a "cosmic embarrassment"

  15-05-2015 18:48
  CANNES, France, May 15 (Reuters) - Award-winning film maker Woody Allen fears his first foray into directing for the small screen will be a disaster, saying that he should never have signed up to...
  
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• U.S. urges Vietnam to release some prisoners in coming weeks

  15-05-2015 18:44 via news.yahoo.com
  
  The United States wants Vietnam to release some "prisoners of conscience" in the coming weeks as the U.S. Congress weighs its approach to a Pacific Rim trade treaty, a senior U.S. rights official said on Friday. The Trans-Pacific Partnership (TPP), a 12-nation trade pact that would stretch from Japan to Chile, could be a boon to the Vietnamese economy and is a key point of U.S. leverage as it seeks to push Vietnam to improve its human rights record. "In the short term, we would like to see, of c
  
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• S&P downgrades Sharp to 'CCC-'

  15-05-2015 18:42 via news.yahoo.com
  Ratings agency Standard & Poor's Friday downgraded Japanese electronics maker Sharp's credit rating by two notches to "CCC-", citing the firm's decision to accept a bank bailout. "Sharp entered into a subscription agreement with its two main lender banks to issue preferred securities to repay borrowings from each bank," S&P said in a statement. Sharp has been working to move past years of gaping deficits, partly caused by steep losses in its television
  
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• UPDATE 2-Portugal to give update on TAP airline privatisation

  15-05-2015 18:32
  LISBON, May 15 (Reuters) - The Portuguese government will announce on Friday how many bids it has received for struggling, state-owned flag carrier TAP in the second attempt to privatise it since...
  
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• HIGHLIGHTS-Top U.S. hedge funds continue to dump Apple stakes

  15-05-2015 18:30
  NEW YORK, May 15 (Reuters) - Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether...
  
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• WPX Energy would add North Dakota rigs with $65/barrel oil

  15-05-2015 18:22
  WILLISTON, N.D., May 15 (Reuters) - Oil and gas producer WPX Energy Inc would add one or two drilling rigs in North Dakota if oil prices stabilized around $65 per barrel, Chief Executive Rick...
  
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• U.S. Air Force aims to complete radar bid re-evaluations in 3 months

  15-05-2015 18:22
  WASHINGTON, May 15 (Reuters) - The U.S. Air Force expects to complete a reevaluation of bids to build a $1 billion long-range radar system in about three months, after Raytheon Co lost a legal bid to...
  
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• 529 plans merit study to achieve high client marks

  15-05-2015 18:20
  
  (Reuters) - College savings plans are gaining ground, and possibly even a few improvements, making it a good time for financial advisers to revisit their value.
  
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• Lululemon yoga pants lawsuit properly dismissed -US appeals court

  15-05-2015 18:17
  NEW YORK, May 15 (Reuters) - A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that...
  
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• EBRD to invest more in Central Europe, ex-USSR, Greece

  15-05-2015 18:15 via news.yahoo.com
  
  "We have the potential to expand our investment levels beyond what we are currently doing and we should use this opportunity where there is real need and where there is real reform," the EBRD's President Suma Chakrabarti said during the bank's annual meeting held in the Georgian capital Tbilisi. He said the terms of EBRD's investments pledged to Greece will depend on the outcome of Athens' talks with its creditors.
  
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• Penn State says College of Engineering hit by two data breaches

  15-05-2015 18:13
  May 15 (Reuters) - Pennsylvania State University said on Friday two cyberattacks on its College of Engineering compromised servers containing personal information on about 18,000 people.
  
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• Creditors push back in court on Argentine bond tap

  15-05-2015 18:12
  NEW YORK, May 15 (IFR) - Argentina and its defiant holdout creditors crossed swords again this week, as the latter tried to sabotage the sovereign's successful tap last month of some local law...
  
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• Google's new self-driving cars to hit roads, with steering wheels

  15-05-2015 18:09
  DETROIT, May 15 (Reuters) - Google Inc's self-driving cars will begin testing on public roads this summer, but it turns out they will have steering wheels and brakes, which is not what the company...
  
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• Russian Q1 economic contraction less than feared at 1.9%

  15-05-2015 18:06 via news.yahoo.com
  
  Russia's economy shrank 1.9 percent in the first quarter under pressure from low oil prices and Western sanctions, the state statistics agency said Friday, a smaller contraction than had been feared. Russian Prime Minister Dmitry Medvedev last month estimated that the economy had shrunk by two percent year-on-year in the first quarter while Economy Minister Alexei Ulyukayev projected the contraction had reached 2.2 percent. Citing preliminary data, the state statistics service said that Rus
  
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• Investors fled government debt funds with biggest outflow in 10 weeks: BofA

  15-05-2015 18:03
  NEW YORK (Reuters) - Amid a surge in global bond yields, investors worldwide pulled $1.9 billion out of funds that mainly hold U.S. Treasuries in the week ended May 13, marking the biggest outflows...
  
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• UPDATE 1-Investors fled government debt funds with biggest outflow in 10 weeks -BofA

  15-05-2015 18:02
  NEW YORK, May 15 (Reuters) - Amid a surge in global bond yields, investors worldwide pulled $1.9 billion out of funds that mainly hold U.S. Treasuries in the week ended May 13, marking the biggest...
  
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