Finance news

• Health insurer Humana explores sale: source

  29-05-2015 23:41
  (Reuters) - Humana Incis considering selling itself after receiving multiple expressions of takeover interest, a person familiar with the matter said on Friday, highlighting the widening...
  
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• UPDATE 3-Health insurer Humana explores sale - source

  29-05-2015 23:34
  May 29 (Reuters) - Humana Inc is considering selling itself after receiving multiple expressions of takeover interest, a person familiar with the matter said on Friday, highlighting the widening...
  
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• The power of the fear of missing out

  29-05-2015 23:29
  (James Saft is a Reuters columnist. The opinions expressed are his own)
  
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• UPDATE 2-Illinois governor: Will not sign unbalanced state budget

  29-05-2015 23:10
  CHICAGO, May 29 (Reuters) - Illinois Governor Bruce Rauner said on Friday that he will reject a fiscal 2016 budget from the Democratic-controlled legislature if it is not balanced.
  
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• CANADA FX DEBT-Oil surge helps C$ counter Canada GDP contraction

  29-05-2015 23:04
  TORONTO, May 29 (Reuters) - A surge in the price of crude oil helped keep the Canadian dollar steady on Friday, shrugging off data showing the Canadian economy contracted in the first quarter.
  
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• UPDATE 1-U.S. judge reserves judgment on broadening Argentina debt ruling

  29-05-2015 23:04
  * Argentina says adding claims increases obligation by $5.2 bln
  
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• US stocks sag as consumer confidence slips

  29-05-2015 22:56 via news.yahoo.com
  
  US stocks fell modestly Friday as a key consumer confidence measure came in lower and the government confirmed that the economy contracted in the first quarter. The broad-based S&P 500 shed 13.40 points (0.63 percent) at 2,107.39, while the tech-rich Nasdaq Composite Index fell 27.95 (0.55 percent) at 5,070.03. "The consumer confidence and the Chicago PMI plunged a bit, and I think this is about Greece," said Peter Cardillo of Rockwell Global Capital.
  
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• Dollar Tree to sell 330 Family Dollar stores to Sycamore Partners

  29-05-2015 22:54
  
  (Reuters) - Discount retailer Dollar Tree Incagreed to sell 330 Family Dollar Stores Incstores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of...
  
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• Wall St. ends down after weak economic data but gains in May

  29-05-2015 22:51 via news.yahoo.com
  
  (Reuters) - U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
  
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• Fuel and potential fires for the US economy ahead

  29-05-2015 22:41 via news.yahoo.com
  
  WASHINGTON (AP) — The U.S. economy shrank at the start of the year, but the road ahead looks brighter. Just how much brighter is what's up for debate.
  
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• UPDATE 1-Bristol's Opdivo cuts risk of lung cancer death for some

  29-05-2015 22:38
  Chicago May 29 (Reuters) - Bristol-Myers Squibb Co's drug, Opdivo, improved survival in a trial of patients with the most common form of lung cancer, but it did not work in patients who tested...
  
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• Stocks end week lower following disappointing economic data

  29-05-2015 22:35 via news.yahoo.com
  
  NEW YORK (AP) — Stocks sank Friday following news that the U.S. economy shrank in the first three months of the year.
  
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• Data weighs on Wall St.; indexes post May gains

  29-05-2015 22:16 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February.
  
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• TSX ends down as economic worries hurt banks

  29-05-2015 22:08 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index ended lower on Friday, capping a 1.2 percent decline for the week, as investors shied away from heavyweight financial stocks amid evidence of a shrinking economy. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 92.91 points, or 0.62 percent, at 15,014.09. Eight of the 10 main sectors slipped. (Reporting by Alastair Sharp; Editing by James Dalgleish)
  
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• Illinois governor: Will not sign unbalanced state budget

  29-05-2015 21:49 via news.yahoo.com
  
  Illinois Governor Bruce Rauner said on Friday that he will reject a fiscal 2016 budget from the Democratic-controlled legislature if it is not balanced, but he held out the possibility that compromises could be reached over the next two days. Democratic state lawmakers have been voting down key elements of the Republican governor's so-called turnaround agenda, including reforms to workers' compensation and a local property tax freeze. Meanwhile, Democrats have put together their own sp
  
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• U.S. dollar net longs rise after declining 8 straight weeks -CFTC, Reuters

  29-05-2015 21:42
  May 29 (Reuters) - Speculators boosted bullish bets on the U.S. dollar, after scaling them back for eight consecutive weeks, according to Reuters calculations and data from the Commodity Futures...
  
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• Speculative U.S. 10-year T-note net shorts fall-CFTC

  29-05-2015 21:41
  May 29 (Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures fell for a third week to its lowest level since mid-February, according to Commodity Futures Trading Commission...
  
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• TCV seeks to sell stake in marketing firm Merkle: sources

  29-05-2015 21:36
  (Reuters) - Technology Crossover Ventures (TCV) is exploring a sale of its minority stake in Merkle Inc, in a deal that could value the fast-growing marketing technology company at more than $1...
  
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• U.S. judge tosses racketeering lawsuit over Ocwen home inspections

  29-05-2015 21:32
  NEW YORK, May 29 (Reuters) - A federal judge has dismissed a class action lawsuit accusing Ocwen Financial Corp of fraudulently billing hundreds of thousands of homeowners for needless property...
  
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• Stocks, bond yields fall on Greece worries, US data

  29-05-2015 21:22 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Global equity markets and bond yields both fell on Friday, as data showed the U.S. economy contracted in the first quarter and as investors were unnerved by mixed signals from Greece's debt talks. Conflicting reports that Athens was close to clinching a reforms-for-cash deal with its creditors pushed German 10-year bond yields down 4 basis points to just under 0.50 percent.
  
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• US judge issues no ruling in latest hearing on Argentine bond dispute

  29-05-2015 21:22
  May 29 (Reuters) - Argentina urged a U.S. judge on Friday to not expand by another $5.4 billion the amount that it must pay holders of defaulted debt before it can pay the majority of its creditors...
  
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• GLOBAL MARKETS-Stocks, bond yields fall on Greece worries, US data

  29-05-2015 21:20
  * Oil rallies, supported by U.S. inventory drop (Adds oil settlement prices)
  
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• Ukraine says debt restructuring talks gaining momentum

  29-05-2015 21:14
  KIEV, May 29 (Reuters) - Ukraine's finance ministry said on Friday talks with creditors on debt restructuring were gaining momentum and will continue when the side's advisors meet in London next week...
  
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• Illinois governor says will not sign unbalanced state budget

  29-05-2015 21:08
  CHICAGO, May 29 (Reuters) - Illinois Governor Bruce Rauner said on Friday that he will reject a fiscal 2016 budget from the Democratic-controlled legislature if it is not balanced, but he held out...
  
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• Brazil's BRF makes successful debut despite shaky backdrop

  29-05-2015 21:01
  NEW YORK, May 29 (IFR) - Brazilian food company BRF's debut euro bond topped off a slow week in the Latin American primary markets.
  
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• EMERGING MARKETS-Brazil currency eases on swap rollover speculation

  29-05-2015 20:43
  By Bruno Federowski RIO DE JANEIRO, May 29 (Reuters) - The Brazilian real weakened to a two-month low on Friday on market chatter that the central bank could further reduce the rollover pace of...
  
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• Intel close to deal to buy Altera for $16 billion: sources

  29-05-2015 20:37
  
  (Reuters) - Intel Corphas resumed negotiations to buy smaller chip maker Altera Corpand is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.
  
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• Chicago returns to U.S. muni market; highest May issuance in 3 years

  29-05-2015 20:32
  May 29 (Reuters) - Chicago will be back in the U.S. municipal bond market next week, converting $111.7 million of variable-rate debt backed by city sales tax revenue into fixed-rate bonds after doing...
  
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• GLOBAL MARKETS-Stocks, bond yields fall on Greece, U.S. data

  29-05-2015 20:30
  * Oil rallies, supported by U.S. inventory drop (Adds close of European bond, stock markets)
  
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• Ukraine creditors' debt plan shows bond haircut inevitable - source

  29-05-2015 20:30
  LONDON, May 29 (Reuters) - A debt restructuring plan proposed by Ukraine's biggest bondholders is based on raiding central bank reserves for up to 40 percent of the amortising debt, but that would be...
  
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• China stock funds attract most cash since April 2008 in latest week: BofA

  29-05-2015 20:09
  NEW YORK (Reuters) - Investors worldwide poured $4.5 billion into funds that specialize in Chinese stocks in the week ended May 27, marking the biggest weekly inflows into the funds since April 2008,...
  
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• Vanguard ties help Wellington buck weak trend in active funds

  29-05-2015 20:07
  BOSTON (Reuters) - While many U.S. asset managers that focus on stock picking are getting squeezed by low-cost passive rivals, at least one of them has found a way to benefit.
  
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• UPDATE 1-China stock funds attract most cash since April 2008 in latest week - BofA

  29-05-2015 20:02
  NEW YORK, May 29 (Reuters) - Investors worldwide poured $4.5 billion into funds that specialize in Chinese stocks in the week ended May 27, marking the biggest weekly inflows into the funds since...
  
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• New York's Bienville Capital sees bargains in Argentina

  29-05-2015 19:54
  BUENOS AIRES (Reuters) - Argentina's real estate, utility and agricultural sectors all offer a smart bet ahead of a change in government in December, said New York-based Bienville Capital Management,...
  
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• Vodafone, Wind sign letter of intent for Italy fiber-optic network

  29-05-2015 19:49 via news.yahoo.com
  
  Britain's Vodafone and Vimpelcom's Italian mobile phone unit Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fiber-optic network in Italy, the companies said in a joint statement. The agreement comes as Italian Prime Minister Matteo Renzi is pushing to upgrade the country's aging phone infrastructure in a 12-billion-euro ($13 billion) plan he considers vital to modernize the economy. Rome sees Metroweb, which is partly owned by the state
  
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• Apple buys German augmented-reality software maker Metaio

  29-05-2015 19:47
  
  FRANKFURT (Reuters) - Apple Inchas acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a...
  
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• New Nigerian president seeks to crush 'godless' Boko Haram

  29-05-2015 19:43 via news.yahoo.com
  
  By Julia Payne ABUJA (Reuters) - New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous nation and biggest oil producer, Buhari also painted a picture of an economy in crisis after a collapse in the price of crude, which accounts for
  
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• Brazil gov't taking measures to avoid recession -Levy

  29-05-2015 19:20
  RIO DE JANEIRO, May 29 (Reuters) - The Brazilian government is taking measures to avoid an economic recession, Finance Minister Joaquim Levy said on Friday.
  
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• CORRECTED-UPDATE 5-Avago to buy Broadcom for $37 bln in biggest-ever chip deal

  29-05-2015 19:16
  * To pay Broadcom shareholders $17 bln in cash, $20 bln in shares
  
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• Ireland agrees to restore some public-sector pay cuts

  29-05-2015 19:03 via news.yahoo.com
  
  Ireland's government has agreed with trade unions to restore some of the pay cuts imposed on public-sector workers after the country's financial crisis, spending minister Brendan Howlin said on Friday. Workers on an annual salary of 30,000 euros or less will received a 7 percent pay rise under the deal. "It matches the requirement of government for prudence to ensure that all the work we've done to sustain a healthy economy is not put in jeopardy in any way," Howlin told reporters, adding that t
  
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• Amazon.com to develop groceries under own private label Elements: report

  29-05-2015 19:03 via news.yahoo.com
  
  You may soon be able to buy an Amazon.com private-label brand of soup, cereal and baby products as the e-commerce giant moves into the grocery sector. According to a report in the Wall Street Journal, Amazon is expanding its own Elements brand to an array of products that might otherwise come from a competitor such as Walmart or a grocery store such as Costco or Loblaw's. Earlier this month, Amazon sought trademark protection for Elements brand coffee, soup, pasta, water, vitamins, dog food and
  
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• Canada economy contracts by most in 6 years in first quarter

  29-05-2015 19:01 via news.yahoo.com
  
  This prompted analysts to question whether the Bank of Canada's forecast for renewed momentum later in the year was overly optimistic. Gross domestic product shrank at an annualized 0.6 percent rate in the first three months of the year, Statistics Canada said on Friday, well below the 0.3 percent growth economists had forecast. It was also the first time Canada's economy has failed to expand since the second quarter of 2011, which saw zero growth.
  
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• Britain's FTSE suddenly stalls, ends May with a whimper

  29-05-2015 18:46
  * FTSE 100 index ends 0.8 percent lower * End-of-month positioning sees FTSE drop in final minutes * Weir gains as Credit Suisse boosts forecasts * Associated British Foods up on Goldman upgrade...
  
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• Fitch Affirms Dominican Republic's IDRs at 'B+'; Outlook Stable

  29-05-2015 18:37
  (The following statement was released by the rating agency) NEW YORK, May 29 (Fitch) Fitch Ratings affirmed the Dominican Republic's long-term foreign and local currency Issuer Default Ratings (IDRs)...
  
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• UPDATE 2-Skanska consortium preferred bidder for $3.6 bln LaGuardia project

  29-05-2015 18:31
  STOCKHOLM/NEW YORK, May 29 (Reuters) - A $3.6 billion overhaul of the decrepit Central Terminal at New York's LaGuardia Airport has taken a major step forward with the selection of a team to design,...
  
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• Brazil's economy kicks off rough year shrinking 0.2%

  29-05-2015 18:06 via news.yahoo.com
  
  Brazil's economy, the world's seventh largest, contracted by 0.2 percent in the first quarter of 2015, the government said Friday, kicking off a rough year in which it is expected to continue shrinking. Like much of Latin America, Brazil has been hit hard by the sharp decline in commodities prices after a boom in the 2000s.
  
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• U.S. economy contracts in first quarter; dollar hurts corporate profits

  29-05-2015 17:58 via news.yahoo.com
  
  WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
  
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• Wall Street lower after first-quarter GDP contraction

  29-05-2015 17:57 via news.yahoo.com
  
  Consumer sentiment fell in May, a survey by the University of Michigan showed, while the Institute for Supply Management-Chicago Business Barometer unexpectedly fell in May. "The data is telling us that the economy is improving but it is not super strong," said Kim Forrest, a senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
  
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• US economy shrank 0.7% in first quarter

  29-05-2015 17:55 via news.yahoo.com
  
  The US economy contracted 0.7 percent in the first quarter of 2015, with the impact of a ports slowdown and cautious consumer spending worse than originally estimated. The Commerce Department's revised estimate of gross domestic product Friday confirmed the stall in the first three months of the year, which had raised worries about the underlying strength of the world's largest economy six years after the Great Recession.
  
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• Equinix to buy TelecityGroup for $3.6 billion, Interxion deal ended

  29-05-2015 17:54
  LONDON/NEW YORK (Reuters) - U.S. data center company Equinix Incsaid on Friday it would buy British peer TelecityGroupin a deal worth 2.35 billion pounds ($3.6 billion) that would also end ...
  
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