Finance news

• Autonomy's Lynch says report shows HP not hoodwinked on $11 billion deal

  25-09-2015 23:59
  
  LONDON (Reuters) - Hewlett-Packard Co was made aware of practices at Autonomy, including hardware sales and growth rates boosted by different accounting rules, before it bought the firm for $11...
  
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• Exclusive: Kraton in talks to acquire Arizona Chemical - sources

  25-09-2015 23:48
  (Reuters) - Kraton Performance Polymers Inc , which makes rubbers used in adhesives, coatings and personal care products, has offered to acquire pine chemicals producer Arizona Chemical Company LLC,...
  
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• Oil prices gain after choppy week

  25-09-2015 23:42 via news.yahoo.com
  
  Oil prices rose Friday at the end of a volatile week marked by jitters over Chinese demand and US supplies. US benchmark West Texas Intermediate for delivery in November added 79 cents to $45.70 a barrel, helped partly by an improved view of the US economy after second quarter GDP growth was revised higher. Weaker growth in energy-hungry China this year is expected to cause a slowdown in the rest of Asia, the Asian Development Bank said Tuesday, as it became the latest major body to revise down
  
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• TSX rises on improved sentiment; Valeant, BlackBerry temper gains

  25-09-2015 23:29 via news.yahoo.com
  
  By Solarina Ho TORONTO (Reuters) - Canada's main stock index ended higher on Friday as concerns about global growth eased and prospects of a U.S. rate hike before the end of the year improved investor sentiment, but the move failed to offset a volatile week, with the market still losing 2 percent on the week. The TSX was sharply higher earlier, helped by reassuring comments from Federal Reserve Chair, Janet Yellen, as well as data that showed the U.S. economy, Canada's largest trading partner, e
  
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• Boehner resignation cuts U.S. government shutdown risk

  25-09-2015 23:06 via news.yahoo.com
  
  The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. This was seen as a sign that Boehner would advance a bill to fund the government without any complicating factors that would result in a White House veto. "This significantly reduces the probability of a government sh
  
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• UPDATE 1-Wall St Week Ahead-Boehner resignation cuts U.S. government shutdown risk

  25-09-2015 23:03
  NEW YORK, Sept 25 (Reuters) - The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor...
  
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• LATAM WRAP-Argentina's Neuquen struggles to complete bond sale

  25-09-2015 22:52
  NEW YORK, Sept 25 (IFR) - Argentina's Province of Neuquen struggled to complete its bond sale on Friday after a roller coaster week for Latin American assets.
  
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• S&P 500 ends flat as biotech selloff offsets Yellen comments

  25-09-2015 22:45 via news.yahoo.com
  
  The Nasdaq fell 1 percent, while the Nasdaq Biotech Index tumbled 5.1 percent and retested its low from August, when it entered bear market territory. The Dow ended solidly in positive territory, helped by shares of Nike , which hit a record high after its profit topped expectations on strong China growth. The stock, up 8.9 percent at $125, gave the biggest boost to the Dow and the S&P 500.
  
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• Brazil government expects one-notch downgrade from Fitch -source

  25-09-2015 22:40
  SAO PAULO, Sept 25 (Reuters) - Brazil's government expects Fitch Ratings to downgrade the country by one notch, keeping its investment-grade rating with a stable outlook, a government source said on...
  
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• GLOBAL MARKETS-Dollar, shares gain on Yellen speech, U.S. GDP

  25-09-2015 22:32
  NEW YORK, Sept 25 (Reuters) - World equity markets and the dollar advanced on Friday to end a rocky week on an upbeat note after Federal Reserve Chair Janet Yellen said the Fed was on track to raise...
  
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• CANADA FX DEBT-C$ flat as greenback gains on rate expectations

  25-09-2015 22:29
  * Canadian dollar at C$1.3316 or 75.10 U.S. cents * Bond prices lower across the maturity curve (Updates prices, adds quotes, details) TORONTO/OTTAWA, Sept 25 (Reuters) - The Canadian dollar was...
  
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• CORRECTED-Illinois budget ills threaten state armored car, garbage pickups

  25-09-2015 22:26
  CHICAGO, Sept 25 (Reuters) - The newest casualties of Illinois' long-running budget impasse could be garbage pickup at the state Capitol, lights in state offices and armored truck service that moves...
  
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• Vanguard could be forced to raise fees to cover taxes: plaintiff's expert

  25-09-2015 22:19
  
  BOSTON (Reuters) - Vanguard Group Inc could be forced to raise its fees to cover new tax payments, possibly undercutting a low-cost advantage that has made the company the dominate player in the U.S....
  
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• U.S. must face payday lenders' Operation Choke Point lawsuit

  25-09-2015 22:17
  Sept 25 (Reuters) - The main trade group representing payday lenders may pursue a lawsuit accusing U.S. regulators of pressuring banks to stop serving the group's members under an anti-fraud campaign...
  
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• Obama, China's Xi agree to curb economic cyberspying

  25-09-2015 22:14 via news.yahoo.com
  
  WASHINGTON (AP) — Skeptical of Chinese assurances on cyberspying, President Barack Obama on Friday laid out a fresh threat of sanctions for economic espionage emanating from China, even as he and President Xi Jinping pledged their countries would not conduct or support such hacking.
  
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• TREASURIES-U.S. bonds fall on Yellen comments; GDP growth backs Fed hike

  25-09-2015 21:57
  NEW YORK, Sept 25 (Reuters) - U.S. Treasuries prices declined on Friday after Federal Reserve Chair Janet Yellen somewhat revived expectations of an interest rate increase by year-end and data showed...
  
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• Judge urges Arch Coal lenders to continue negotiating debt swap

  25-09-2015 21:57
  CHICAGO, Sept 25 (Reuters) - A New York judge urged warring
  creditors of Arch Coal to continue out-of-court
  negotiations over a refinancing plan for the second-largest U.S.
  coal miner, according to...
  
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• U.S. dollar longs hit lowest level in more than a year -CFTC, Reuters

  25-09-2015 21:46
  Sept 25 (Reuters) - Speculators further reduced bullish bets on the U.S. dollar this week to their lowest level since late July last year, according to Reuters calculations and data from the...
  
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• U.S. SWAPS-U.S. 10-year swap spread most negative in 5 years

  25-09-2015 21:44
  NEW YORK, Sept 25 (Reuters) - The spread on the U.S. 10-year swap interest rate over the 10-year Treasuries yield on Friday turned to its most negative since September 2010, Tradeweb data showed.
  
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• UPDATE 8-Under pressure from the right, U.S. House Speaker Boehner quits

  25-09-2015 21:36
  * Republican Kevin McCarthy, 50, top contender to succeed him (Adds details on Boehner and McCarthy, reaction and background)
  
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• Dollar, shares gain on Yellen speech, U.S. GDP

  25-09-2015 21:26 via news.yahoo.com
  
  World equity markets and the dollar advanced on Friday to end a rocky week on an upbeat note after Federal Reserve Chair Janet Yellen said the Fed was on track to raise interest rates this year, and as U.S. economic growth was revised upward again. Stocks on Wall Street initially jumped following an almost 3-percent surge in Europe, after a report showed the U.S. economy grew more than previously estimated in the second quarter, propelled by consumer spending and construction - the second upward
  
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• US stocks pare gains as health care sector slumps

  25-09-2015 21:18 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks were mixed in late afternoon trading as a slump in health care stocks offset gains for financial stocks. The market started the day higher as investors were encouraged by a report that showed the U.S. economy grew faster in the spring than previously estimated.
  
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• COLUMN-As Xi visits the United States, China's economy is at a tipping point

  25-09-2015 21:18
  Sept 25 (Reuters) - China has narrowly escaped major financial crises for over two decades. But the good times may soon be over - and not because of the recent stock market crash.
  
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• Oil up after Wall Street rally, drop in U.S. rigs

  25-09-2015 21:15 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose for the second straight day on Friday, supported by a rally on Wall Street and a lower U.S. rig count, although the decline in drilling was the smallest in four weeks and not particularly exciting to traders. "I'm predicting a return to the low $40 levels or even below by next month," said Tariq Zahir, a trader in crude oil spreads at Tyche Advisors in Laurel Hollow, New York. "As U.S. refinery maintenance kicks into full gear, we're going
  
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• S&P 500, Nasdaq turn lower; biotechs plunge

  25-09-2015 20:57 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 and Nasdaq turned lower in afternoon trading, dragged down by a drop in biotech shares. The Nasdaq Biotech Index was down 6.2 percent, led lower by a 5.6 percent drop in Celgene. The biotech index is on track for a 14-percent loss for the week. On Monday, U.S. Democratic presidential candidate Hillary Clinton said she would announce a plan to stop "price gouging" for speciality drugs, sparking a fall in the shares. At 2:52 p.m., the Dow Jones industrial avera
  
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• UPDATE 4-AbbVie scraps Galapagos deal to focus on own arthritis drug

  25-09-2015 20:56
  * Galapagos shares fall 18 percent (Adds Galapagos comments, details on AbbVie, Galapagos drugs)
  
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• California draws $10 million from reserves for wildfire debris removal

  25-09-2015 20:45 via news.yahoo.com
  
  California Governor Jerry Brown on Friday directed $10 million from the state's budget reserve to help pay for the removal of huge amounts of burned debris left in the wake of two massive wildfires, the administration said. "Fast debris removal is also necessary to enable community rebuilding and economic recovery of impacted communities," administration officials said in the letter.
  
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• Shutdown could lead to volatility spike

  25-09-2015 20:25 via news.yahoo.com
  
  As if U.S. markets did not have enough in the way of worries, the threat of another government shutdown has resurfaced and that uncertainty could add to volatility. Right now, the odds of a government closure are seen as low, but negotiations in Washington have turned acrimonious more often than not in recent years. It comes with the equity market in the midst of a correction as investors grapple with weakening earnings forecasts, China's economic woes and uncertainty surrounding U.S. monetary p
  
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• S&P declares Ukraine in 'selective default'

  25-09-2015 20:24 via news.yahoo.com
  
  Credit rating agency Standard & Poor's on Friday declared Ukraine's sovereign debt to be in "selective default" because of the war-torn nation's debt restructuring negotiations. Cash-strapped Ukraine has been struggling with its debt since entering a deep economic depression after war broke out with pro-Russian insurgents in its eastern industrial heartland early last year. The default means Standard & Poor's believes Ukraine will not repay its debt to all commercial bondholders in full.
  
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• Obama, Xi lay out joint vision for global climate agreement

  25-09-2015 20:08 via news.yahoo.com
  
  By Valerie Volcovici WASHINGTON (Reuters) - U.S. President Barack Obama and Chinese President Xi Jinping outlined their common vision for a global climate change agreement on Friday, including new steps they will take to deliver on pledges made last year to slash their greenhouse gas emissions. Such systems put limits on carbon emissions and open up markets for companies to buy and sell the right to produce emissions. The joint presidential statement was a highlight of a state visit to Washingto
  
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• Oil seesaws; early rally fizzles, U.S. rigs drop fail to excite

  25-09-2015 20:01 via news.yahoo.com
  
  NEW YORK (Reuters) - Global crude markets seesawed around break-even on Friday, jumping 2 percent in early trade on a boost from a Wall Street rally before slipping to near the day's lows after the latest drop in the U.S. oil rig count failed to entice oil bulls.
  
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• State Street Global Advisors targets underperforming companies

  25-09-2015 19:48
  (Reuters) - Index fund manager State Street Global Advisors is becoming more active in its investment strategy and is targeting companies that have underperformed their peers for more than five years.
  
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• Obama says he and China's Xi agree on steps to curb cyber spying

  25-09-2015 19:39 via news.yahoo.com
  
  By Matt Spetalnick and Michael Martina WASHINGTON (Reuters) - U.S. President Barack Obama announced on Friday that he and Chinese President Xi Jinping had reached a "common understanding" on steps to curb cyber spying and agreed that neither government would conduct economic espionage in cyberspace. The two leaders also unveiled a deal to build on a landmark emissions agreement struck last year, outlining new steps they will take to deliver on pledges they made then to slash their greenhouse gas
  
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• European stocks motor ahead, VW rebound breaks down

  25-09-2015 19:33 via news.yahoo.com
  
  Europe's main stock markets rebounded strongly on Friday as traders welcomed some clarity from Federal Reserve chief Janet Yellen on the outlook for US interest rates, analysts said. The Dow Jones Industrial Average rose 1.16 percent to 16,390.03 points in mid-day trading.
  
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• JUSTICE DEPARTMENT SAYS TAKES ALLEGATIONS AGAINST VOLKSWAGEN 'VERY SERIOUSLY' - STATEMENT

  25-09-2015 19:20
  JUSTICE DEPARTMENT SAYS TAKES ALLEGATIONS AGAINST VOLKSWAGEN 'VERY SERIOUSLY' - STATEMENT
  
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• Wall Street up on Yellen comments; health stocks drag Nasdaq

  25-09-2015 19:13 via news.yahoo.com
  
  Yellen said on Thursday that the Fed does not expect recent global economic and financial market developments to significantly affect its policy. "Yellen's speech gave a little bit of clarity to the markets," said Robert Pavlik, chief market strategist at Boston Private Wealth in Palm Beach Gardens, Florida.
  
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• Why Boehner’s Resignation Might Be Bad for the Market

  25-09-2015 19:08 via news.yahoo.com
  
  Speaker John Boehner’s announcement that he will be resigning next month is, in the words of Democratic Leader Nancy Pelosi, “seismic to the House.” But it could also shake up the stock market if it injects additional uncertainty into congressional efforts to reach a deal on the budget and debt ceiling. Boehner’s resignation reportedly makes such legislation more likely to pass, giving a victory to conservatives who had been pushing for a fight over funding for Planned Pa
  
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• Deutsche Bank CEO praises wealth management operations: sources

  25-09-2015 19:01
  FRANKFURT (Reuters) - Deutsche Bank's new Chief Executive John Cryan praised the lender's revamped asset and wealth management operations at a "town hall" meeting in London on Friday, people...
  
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• Seatmaker Zodiac faces American Airlines suit over delays

  25-09-2015 18:55
  PARIS (Reuters) - French aerospace supplier Zodiac Aerospaceconfirmed on Friday it was facing court action and the possible loss of some business from American Airlinesover delays in aircraft...
  
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• Oil seesaws after early gains on Wall Street; rig count eyed

  25-09-2015 18:42 via news.yahoo.com
  
  Oil prices were still headed for weekly gains as optimism in recent days about lower stockpiles at the Cushing, Oklahoma delivery point for U.S. crude outweighed worries about builds in U.S. gasoline inventories. Oil prices had been supported by declines in U.S. rigs over the past three weeks, suggesting production could decline. "More support is expected from today’s oil drilling rig counts," Jim Ritterbusch of energy markets consultancy Ritterbusch and Associates in Chicago said, adding
  
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• HollyFrontier shares surge on Tesoro takeover talk: traders

  25-09-2015 18:23
  (Reuters) - Shares of U.S. petroleum refiner HollyFrontier Corp rose sharply and trading volume surged on Friday on a market rumor of renewed takeover interest by larger rival Tesoro Corp, market...
  
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• FTC approves Endo's purchase of Par Pharmaceuticals with two divestments

  25-09-2015 18:03
  WASHINGTON (Reuters) - Endo International won U.S. antitrust approval to buy Par Pharmaceuticals, Inc on condition that it divest two generic medicines, the Federal Trade Commission said on Friday.
  
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• At U.N., Pope attacks 'boundless thirst' for wealth and power

  25-09-2015 17:57 via news.yahoo.com
  
  By Philip Pullella and Scott Malone UNITED NATIONS (Reuters) - Pope Francis on Friday condemned the craving for material gains and power, telling an annual gathering of world leaders at the United Nations that greed is destroying the Earth's resources and aggravating poverty. The spiritual leader of 1.2 billion Roman Catholics condemned the "grave offense" of economic and social exclusion, in his first speech to the U.N. General Assembly in New York. The first pope from Latin America, Francis ha
  
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• UK shares climb most in a month as energy shares rebound

  25-09-2015 17:51
  * Synergy surges after clearing way for Steris deal (Adds detail and updates prices at close)
  
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• Canada's Liberals try to boost share of important immigrant vote

  25-09-2015 17:40 via news.yahoo.com
  
  By David Ljunggren OTTAWA (Reuters) - Canada's opposition Liberals, locked in a three-way tie ahead of an Oct. 19 election, promised on Friday to do more for the immigrant community, which used to vote en masse for the party but has since drifted away. Liberal leader Justin Trudeau said he would boost the number of family members who could join immigrants already in Canada, saying this would help drive a sluggish economy. "When Canadians have support – like family involvement in child care
  
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• UBS sees U.S. pensions adding stocks, selling bonds in third quarter

  25-09-2015 17:35
  
  NEW YORK (Reuters) - U.S. pensions may add $21 billion to $26 billion in stocks and sell $19 billion to $24 billion in bonds in the third quarter as they seek to rebalance their portfolios as the...
  
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• Wall Street rises as Yellen eases fears of slowing growth

  25-09-2015 17:28 via news.yahoo.com
  
  U.S. stocks were higher in late morning trading on Friday after Federal Reserve Chair Janet Yellen said she expects interest rates to be raised this year, easing concerns about slowing global growth and prompting a rally in bank shares. Nike's surprisingly strong results in China pushed its shares up nearly 10 percent to a record high, giving the biggest boost to the Dow and the S&P. Data showing that the U.S. economy expanded more than previously estimated in the second quarter added to the
  
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• TSX rebounds on Fed, global growth outlook; BlackBerry falls

  25-09-2015 17:22 via news.yahoo.com
  
  By Solarina Ho TORONTO (Reuters) - Canada's main stock index rose on Friday, recouping some of this week's losses, following comments from the Federal Reserve that soothed broader concerns about global growth and data that showed the U.S. economy, Canada's largest trading partner, expanded more than forecast. A fall in BlackBerry Ltd shares modestly tempered some of the gains, however. Shares fell 4.2 percent to C$8.97, after the smartphone maker reported weaker-than-expected quarterly results o
  
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• Stronger U.S. second quarter growth backs case for Fed hike

  25-09-2015 17:19 via news.yahoo.com
  
  The U.S. economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, backing the case for an interest rate rise before the end of the year despite data sounding a note of caution for September. "There had been quite a bit of fear that strong inventory building in Q2 would be unwound in Q3.
  
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• BRIEF-Sniace says court approves proposed arrangement with creditors

  25-09-2015 17:15
  * Says Commercial Court No. 2 in Madrid has approved
  settlement agreement with creditors proposed by Sniace and its
  units: Celltech SLU and Viscocel SLUSource text for Eikon:
  
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