Finance news

• Liberty Interactive to buy online retailer Zulily in $2.4 billion deal

  17-08-2015 23:35
  
  (Reuters) - Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Incin a deal valued at $2.4 billion to tap into the online retailer's younger clientele and...
  
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• SunEdison, Goldman Sachs funds form $1 billion investment vehicle

  17-08-2015 23:33
  (Reuters) - U.S. solar company SunEdison Inc said it would form a $1 billion warehouse investment vehicle along with funds managed by Goldman Sachs Group Inc to fund construction and buy operating...
  
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• Stocks climb as China's currency steadies. homebuilders rise

  17-08-2015 23:13 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market climbed on Monday as China's currency steadied and optimism among homebuilders rose.
  
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• No Christmas cheer expected for stalled $3.5 bln Bahamas resort

  17-08-2015 23:07
  Aug 17 (Reuters) - The opening of the $3.5 billion Baha Mar
  mega-resort in the Bahamas is expected to be delayed beyond the
  start of the Christmas season, with the developer deep in an
  escalating...
  
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• Senator Menendez to announce Iran nuclear pact stance

  17-08-2015 23:04 via news.yahoo.com
  
  By Richard Cowan WASHINGTON (Reuters) - Senator Robert Menendez, who is widely expected to oppose a proposed nuclear deal with Iran, is set on Tuesday to formally announce his position on the pact. Congress is poised to vote in September on the U.S.-led international agreement. As proposed by President Barack Obama and other world powers, the deal aims to curb Iran's nuclear program in exchange for lifting economic sanctions on the country.
  
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• Wall St. up on housing data; Disney boosts media stocks

  17-08-2015 22:26 via news.yahoo.com
  
  (Reuters) - U.S. stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.
  
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• Markets gain modestly, U.S. housing data boosts Wall Street

  17-08-2015 22:26 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - World equity indexes advanced modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day. U.S. equities rebounded as a report showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade. Earlier in the session, stocks had dropped as Empire State data showed August manufacturing activity in New
  
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• Markets gain modestly, U.S. housing data boosts Wall St.

  17-08-2015 22:21 via news.yahoo.com
  
  NEW YORK (Reuters) - World equity indexes advanced modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day.
  
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• Wall Street ends up after bullish housing data

  17-08-2015 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.
  
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• US stocks rise in afternoon trading after early losses

  17-08-2015 21:53 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are rising in late afternoon trading Monday as China's currency steadied and Greece's bailout cleared another big hurdle. Investors are juggling a mix of reports on the U.S. economy. A measure of manufacturing activity in New York state fell, while an index of homebuilder sentiment showed optimism at its highest level since the housing boom a decade ago.
  
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• Oil down 1 percent; U.S. crude near six-and-a-half-year low on Japan, China

  17-08-2015 21:53 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China's slowdown continued to weigh on sentiment. A stronger dollar , after a report that U.S. industrial output grew at the fastest pace in eight months, also made greenback-denominated commodities, including crude, less affordable for holders of the euro and other currencie
  
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• IRS says cyberattacks more extensive than previously thought

  17-08-2015 21:38 via news.yahoo.com
  
  The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought, with nearly three times as many taxpayers hit by data theft. The IRS said in late May the tax return information of about 114,000 U.S. taxpayers had been illegally accessed by cyber criminals over the preceding four months, with another 111,000 unsuccessful attempts made. A new review has identified 220,000 additional incidents w
  
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• Markets gain modestly, housing data lifts Wall Street

  17-08-2015 21:31 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - World equity indexes gained modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day. U.S. equities rebounded from a lower open as a report showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade. Earlier, stocks had dropped as Empire State data showed August manufacturing activity in New
  
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• Markets gain modestly, housing data lifts Wall St.

  17-08-2015 21:11 via news.yahoo.com
  
  NEW YORK (Reuters) - World equity indexes gained modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day.
  
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• U.S. Internal Revenue Service says cyber attacks were extensive - WSJ

  17-08-2015 20:37 via news.yahoo.com
  
  WASHINGTON (Reuters) - The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases that was revealed in May was much more extensive than previously reported, the Wall Street Journal said. The IRS said in late May the tax return information of about 100,000 U.S. taxpayers had been illegally accessed by cyber criminals over the preceding four months. The Wall Street Journal report said that on Monday, the agency said an additional 390,000 taxpayers were
  
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• Germany's Mann + Hummel agrees to buy U.S. peer Affinia

  17-08-2015 20:11
  
  FRANKFURT (Reuters) - German industrial filter maker Mann + Hummel has agreed to buy U.S. peer Affiniato boost its annual sales by $1 billion - or by more than a third - and gain access to the...
  
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• UPDATE 3-Liberty Interactive to buy online retailer Zulily in $2.4 bln deal

  17-08-2015 20:04
  * Zulily touches a high of $18.73, Liberty down 1.6 pct (Adds analyst comment, details about QVC, updates shares)
  
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• Investors dump gold ETPs in July but oil inflows rebound

  17-08-2015 19:47
  
  LONDON (Reuters) - Investors withdrew a whopping $2.3 billion from gold exchange-traded products (ETPs) in July as the dollar strengthened, but energy ETP inflows surged by some $1.9 billion after...
  
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• Wall Street higher after positive housing data

  17-08-2015 19:35 via news.yahoo.com
  
  (Reuters) - Wall Street rose in early afternoon on Monday, erasing losses from earlier in the session, in light trading activity after data showed that U.S. homebuilder sentiment in August rose to a near decade-high.
  
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• US STOCKS-Wall St higher after positive housing data

  17-08-2015 19:33 via news.yahoo.com
  
  Wall Street rose in early afternoon on Monday, erasing losses from earlier in the session, in light trading activity after data showed that U.S. homebuilder sentiment in August rose to a near decade-high. ...
  
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• European stocks finish mixed

  17-08-2015 19:19 via news.yahoo.com
  
  European stock markets ended an up-and-down session mixed Monday, at the start of a week likely to be dominated by more developments over China and Greece. Europe's main stock markets had closed slightly lower on Friday at the end of a turbulent week for equities and other financial markets, triggered by concerns over the Chinese and Greek economies. European bourses opened with gains before see-sawing on jitters over whether Friday's Greek bailout agreement will clear eurozone parliaments, and
  
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• Pump maker Pentair to buy Erico Global for $1.8 billion in cash

  17-08-2015 18:58
  (Reuters) - Pump and valve maker Pentair Plcagreed to buy fastening products maker Erico Global Co for $1.8 billion in cash, weeks after activist investor Nelson Peltz asked the company to bulk up...
  
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• Despite protests, slog more likely than radical change in Brazil

  17-08-2015 18:47 via news.yahoo.com
  
  By Paulo Prada RIO DE JANEIRO (Reuters) - Despite protests by hundreds of thousands of Brazilians against President Dilma Rousseff and ongoing calls for her impeachment, little suggests radical change in Brazil anytime soon. With the country hobbled by legislative gridlock, a lack of viable alternatives to the established political parties and an economic reversal so complete that its currency is trading at a 12-year trough, there are no easy or fast fixes. The latest in a round of demonstration
  
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• Markets gain modestly, Wall Street shakes off weak data

  17-08-2015 18:33 via news.yahoo.com
  
  World equity indexes gained modestly on Monday after a rout last week, with rosy U.S. housing data helping Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day. Earlier, stocks had dropped as Empire State data showed August manufacturing activity in New York was at its weakest in years. "Empire State (data) was horrendous compared to what the expectations were, but Empire State is also a very regional number and a v
  
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• Slump in Indian corporate earnings set to continue

  17-08-2015 18:26 via news.yahoo.com
  
  By Sumeet Chatterjee and Shilpa Murthy MUMBAI (Reuters) - Corporate India looks to be heading for its fourth consecutive drop in quarterly net profit as companies battle cheap imports and delay investments to expand capacity due to high interest rates. This prolonged slump would make it tougher for Prime Minister Narendra Modi's government to hold to its plan to accelerate economic growth to over 8 percent in the fiscal year ending March 2016, from 7.3 percent the previous year. The collective n
  
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• Britain's FTSE closes flat, miners hit 6-year low

  17-08-2015 18:16
  * Wolseley, TUI benefit from target price hikes (Updates with closing prices)
  
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• Oil near six-and-a-half-year low on Japan slowdown, China worry

  17-08-2015 18:09 via news.yahoo.com
  
  Oil prices fell on Monday with U.S. crude near 6-1/2-year lows after No. 3 consumer Japan suffered an economic contraction in the second quarter and China's slowdown continued to weigh on oil market sentiment. U.S. crude futures were 5 cents down at $42.45 by 11:30 a.m. EDT (1530 GMT). Japan's economy shrank at an annualized pace of 1.6 percent in April-June as exports slumped and consumers cut back spending, adding pressure on Prime Minister Shinzo Abe to step up his policy drive to lift the ec
  
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• US stocks rise at midday after early losses

  17-08-2015 18:07 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market is rising at midday, bouncing back from a discouraging report on manufacturing.
  
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• Brazil economy contraction to last through 2016: bank

  17-08-2015 17:57 via news.yahoo.com
  
  Brasília (AFP) - The outlook for Brazil's economy worsened Monday with GDP contraction forecast to extend into next year and inflation projections also slightly rising. A central bank survey of economists showed the economy is on course to shrink 2.01 percent this year and for the first time indicated that the contraction will continue through 2016 with a shrinkage of 0.15 percent.
  
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• Wall St erases losses after positive housing data

  17-08-2015 17:56 via news.yahoo.com
  
  By Tanya Agrawal (Reuters) - Wall Street erased earlier losses to notch modest gains in late morning trading on Monday after data showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade. U.S. stocks had fallen at the open after data showed a surprise fall in manufacturing activity in the state of New York in August. But, the markets staged a turnaround after the National Association of Home Builders said more builders viewed market conditions as favorable th
  
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• Wall Street erases losses after positive housing data

  17-08-2015 17:55 via news.yahoo.com
  
  (Reuters) - Wall Street erased earlier losses to notch modest gains in late morning trading on Monday after data showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade.
  
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• UPDATE 1-Dutch investment firm offers to buy Imtech unit - regulator

  17-08-2015 17:49
  AMSTERDAM, Aug 17 (Reuters) - The Dutch competition
  regulator ACM said on Monday that investment firm Egeria intends
  to buy the Traffic and Infrastructure division of bankrupt
  engineering services...
  
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• European stocks end day mixed

  17-08-2015 17:47 via news.yahoo.com
  
  Paris (AFP) - Europe's main stock markets ended an up-and-down session mixed Monday, with London's FTSE 100 index creeping 0.01 percent higher at 6,550.30 points.
  
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• Energy stocks, banks lead TSX lower on economic concerns

  17-08-2015 17:25 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index was in retreat on Monday, with heavyweight energy and banking stocks among the worst performers as oil prices fell and data from Japan and New York disappointed. Gold miners were among the biggest gainers, as investors took more defensive positions amid economic uncertainty. "We are getting some defensive capital flows again and some of that is going back into gold, with people getting worried about economies in China and Japan and
  
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• Wall St lower after poor manufacturing data

  17-08-2015 17:13 via news.yahoo.com
  
  Wall Street began the week lower on Monday after data showed a surprise fall in manufacturing activity in the state of New York in August. The market was also weighed down by oil prices, which fell toward six-year lows as data showed Japan's economy, the world's third-biggest oil consumer, contracted in the second quarter.
  
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• Britain's FTSE edges lower, miners hit 6-year low

  17-08-2015 16:34
  LONDON, Aug 17 (Reuters) - Britain's top share index fell on Monday, extending the previous week's losses, hit by weak U.S. data and a drop in mining companies which hit multi-year lows.
  
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• Wall Street lower after poor manufacturing data

  17-08-2015 16:31 via news.yahoo.com
  
  The market was also weighed down by oil prices, which fell toward six-year lows as data showed Japan's economy, the world's third-biggest oil consumer, contracted in the second quarter. The New York Fed's Empire State general business conditions index tumbled from 3.86 in July to -14.92 in August due to steep drops in new orders and shipments. With the U.S. earnings season at the fag end and no major economic data due, investors will turn to Wednesday's minutes of the most recent Federal Reserve
  
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• Oil slips closer to six-year low on Japan data, oversupply

  17-08-2015 16:27 via news.yahoo.com
  
  Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world's third-biggest oil consumer, contracted in the second quarter. U.S. crude , or West Texas Intermediate (WTI), for September was trading 45 cents lower at $42.05 a barrel at 1348 GMT (0948 EDT), close to its lowest in more than six years. Over the past two weeks, U.S. crude prices have fallen by more than 10 percent on U.S. supply concerns.
  
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• Four 529 college savings traps to avoid

  17-08-2015 16:24
  
  LOS ANGELES (Reuters) - Putting money into a 529 college savings plan is relatively easy. Getting it out can be tricky.
  
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• European stocks drop after early gains

  17-08-2015 16:11 via news.yahoo.com
  
  European stock markets slipped on Monday after starting the day with modest gains in a week set to be dominated by more developments over China and Greece. Europe's main stock markets had closed slightly lower on Friday at the end of a turbulent week for equities and other financial markets, triggered by concerns over the Chinese and Greek economies. German Chancellor Angela Merkel and her hardline Finance Minister Wolfgang Schaeuble on Sunday hailed a dramatic change in Greece's approach to its
  
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• Thai bomb attack aimed at destroying economy, tourism: officials

  17-08-2015 15:57 via news.yahoo.com
  
  BANGKOK, (Reuters) - A motorcycle bomb attack in the heart of the Thai capital on Monday that killed 12 people and wounded 78 was aimed at destroying the economy and tourism, government officials said. "The perpetrators intended to destroy the economy and tourism because the incident occurred in the heart of the tourism district," Defense Minister Prawit Wongsuwan told Reuters. (Reporting by Amy Sawitt Lefevre; Writing by Robert Birsel; Editing by Clarence Fernandez)
  
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• U.S. military to step up drone flights by 2019: WSJ

  17-08-2015 15:48 via news.yahoo.com
  
  The U.S. military plans to widen its surveillance and firepower in conflict zones worldwide, including in Ukraine and the South China Sea, with a major expansion of U.S. drone flights, the Wall Street Journal reported. The Pentagon plans to increase daily flights by 50 percent over the next four years, expanding them from 61 a day now to as many as 90 by 2019, the Journal said in its report late Sunday, citing senior defense officials. Reuters could not immediately confirm the report, and repres
  
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• U.S. military to step up drone flights by 2019 - Wall Street Journal

  17-08-2015 15:42 via news.yahoo.com
  
  The U.S. military plans to widen its surveillance and firepower in conflict zones worldwide, including in Ukraine and the South China Sea, with a major expansion of U.S. drone flights, the Wall Street Journal reported. The Pentagon plans to increase daily flights by 50 percent over the next four years, expanding them from 61 a day now to as many as 90 by 2019, the Journal said in its report late Sunday, citing senior defence officials. Reuters could not immediately confirm the report, and repres
  
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• Wall Street opens lower as oil prices weigh

  17-08-2015 15:38 via news.yahoo.com
  
  REUTERS - Wall Street opened lower on Monday as oil prices plunged towards six-year lows and data indicated manufacturing activity in New York state contracted in August. The Dow Jones industrial average fell 130.18 points, or 0.74 percent, to 17,347.22, the S&P 500 lost 11.75 points, or 0.56 percent, to 2,079.79 and the Nasdaq composite dropped 25.61 points, or 0.51 percent, to 5,022.62. (Reporting by Sai Sachin R in Bengaluru; Editing by Savio D'Souza)
  
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• Tech licensor Rambus to start selling chips under own brand

  17-08-2015 15:13 via news.yahoo.com
  
  (Reuters) - Tech licensing company Rambus Inc said it would start selling chips under its own brand, a move aimed at reducing its dependence on income from litigation to defend its patents. Rambus said the memory chips are designed to improve the performance of server systems used by businesses and data centers and that it was currently shipping samples of the chips, called RB26, to potential customers. Instead of manufacturing the chips itself, Rambus will hire specialists to make them, the Wal
  
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• Malaysia's Mahathir resumes attack on PM over graft investigation

  17-08-2015 15:10 via news.yahoo.com
  
  Former Malaysian leader Mahathir Mohamad on Monday resumed an attack on Prime Minister Najib Razak, saying that by halting an investigation into a debt-laden state fund Najib had avoided legal action but had substantiated allegations against him. Najib has faced criticism from the public and within his party after a Wall Street Journal report in July said investigators looking into allegations of graft and financial mismanagement at debt-laden state fund 1Malaysia Development Berhad (1MDB) found
  
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• Wall Street set to open lower as oil prices weigh

  17-08-2015 15:07 via news.yahoo.com
  
  Wall Street was set to begin the week lower on Monday as oil prices fell towards six-year lows and data indicated that manufacturing activity in New York state contracted in August. The New York Fed's Empire State general business conditions index tumbled from 3.86 in July to -14.92 in August due to steep drops in new orders and shipments. With the U.S. earnings season at the flag end and no major economic data due, investors will turn to Wednesday's minutes of the most recent Federal Reserve me
  
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• Foreign companies around Tianjin blast suspend operations

  17-08-2015 14:58 via news.yahoo.com
  
  SHANGHAI (AP) — Foreign companies have suspended operations around the Tianjin port as officials scramble to contain the toxic fallout of last week's deadly chemical explosions, which dealt a blow to northern China's emerging economic hub.
  
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• Luxury hotel owner Strategic Hotels to explore sale

  17-08-2015 14:44
  
  (Reuters) - Luxury hotel owner Strategic Hotels & Resorts Incsaid it was exploring strategic alternatives, including a sale, sending its shares up 4.5 percent in premarket trading.
  
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• Foreigners buy C$8.51 billion of Canadian securities in June

  17-08-2015 14:39 via news.yahoo.com
  
  (Reuters) - Foreign investors purchased C$8.51 billion ($6.47 billion) in Canadian securities in June following a net sale of C$5.46 billion in May, as foreign investment in the Canadian money market reached a record C$12.04 billion, Statistics Canada said on Monday. Canadian investors bought C$8.57 billion worth of foreign securities in June following the purchase of C$5.73 billion in May. Over the second quarter, Canadians invested more funds abroad than foreign investors placed in Canada, gen
  
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