Finance news

• Global stocks rise on US jobs data, oil gain

  04-03-2016 23:31 via news.yahoo.com
  
  World stock markets rose Friday following a better-than-expected US jobs report and another rise in oil prices, as global equities continued to rally from a dismal start to 2016.
  
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• AMC Entertainment to buy Carmike in deal valued at $1.1 billion

  04-03-2016 23:05
  
  (Reuters) - AMC Entertainment Holdingswill acquire Carmike Cinemas Incin a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain.
  
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• UPDATE 1-U.S. bankruptcy court weighs 'white-hot' energy pipeline dispute

  04-03-2016 22:58
  
  WILMINGTON, Del, March 4 (Reuters) - Small U.S. oil-and-gas
  producer Quicksilver Resources Inc began making its case in
  court on Friday for using its bankruptcy to reject a pipeline
  contract, a move...
  
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• A modest gain for stocks keeps a 4-day winning streak alive

  04-03-2016 22:50 via news.yahoo.com
  
  NEW YORK (AP) — Stocks wobbled to the finish Friday but salvaged a four-day winning streak after the U.S. government said employers added more jobs than expected in February. That was another vote of confidence in the economy. Mining companies made the biggest gains as metals prices climbed.
  
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• Stocks almost erase 2016 losses as bulls charge

  04-03-2016 22:48 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - The bulls have gained the upper hand in the U.S. stock market in recent weeks and strategists are cautiously optimistic the rebound will continue. A lot is riding on whether economic data can continue to hold up, since upbeat reports in recent weeks have eased fears the United States may be headed for a recession. Friday's jobs report was the latest signal that those worries were overblown, with February U.S. payrolls surging more than expected.
  
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• Exclusive: U.S. watchdog to probe Fed's lax oversight of Wall Street

  04-03-2016 22:40 via news.yahoo.com
  
  By Jonathan Spicer NEW YORK (Reuters) - A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability
  
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• Wall Street pulls off a rare four-day winning streak

  04-03-2016 22:37 via news.yahoo.com
  
  (Reuters) - Wall Street ended higher on Friday after employment data allayed investors' concerns about a sluggish economy without bolstering fears of an imminent interest rate hike.
  
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• Global stocks rise on strong U.S. jobs report, oil surge

  04-03-2016 22:31 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - A gauge of stock markets worldwide rose to a two-month high on Friday, posting its largest weekly gain since October, as oil and other commodity prices firmed and strong U.S. jobs growth bolstered confidence in the global economy. MSCI's emerging-market stock metric posted its largest one-week gain since December 2011. U.S. equity indexes rose to their highest levels since early January following the jobs data, which showed strong growth in payrolls and an in
  
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• Democrat Clinton says China likely to commit more 'bad acts' in trade

  04-03-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - Democratic presidential hopeful Hillary Clinton on Friday said that as the Chinese economy slows, China will engage in more damaging practices in global trade. "But now that China's economy is slowing down we can expect even more bad acts from them," she said in a speech in Detroit. "It'll look to dump products overseas to make up for lost demand at home. So we have to stop that right now." Clinton is the front runner for her party's nomination to the November presidential e
  
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• Obama cheers economy as 'pretty darn great'

  04-03-2016 21:49 via news.yahoo.com
  
  WASHINGTON (AP) — Once reluctant to hype the U.S. economy's slow climb out of recession, President Barack Obama now is in cheerleader mode.
  
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• Wall St. leans toward only two Fed rate hikes before year-end: Reuters poll

  04-03-2016 21:45 via news.yahoo.com
  
  A majority of Wall Street's top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed's own revised view of its path when it meets in less than two weeks. A Reuters poll shows the median forecast of 17 primary dealers that deal directly with the Fed is for a federal funds rate of 0.875 percent by the end of the year, reflecting the mid-point of the range for two key rates used by the F
  
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• Wall Street leans toward only two Fed rate hikes before year-end: Reuters poll

  04-03-2016 21:43 via news.yahoo.com
  
  A majority of Wall Street's top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed's own revised view of its path when it meets in less than two weeks. A Reuters poll shows the median forecast of 17 primary dealers that deal directly with the Fed is for a federal funds rate of 0.875 percent by the end of the year, reflecting the mid-point of the range for two key rates used by the F
  
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• Report due in days could break deadlock on Caesars bankruptcy

  04-03-2016 21:42
  
  CHICAGO, March 4 (Reuters) - A former Watergate prosecutor
  is due to release a report on a court-ordered fraud
  investigation into a series of corporate deals involving Caesars
  Entertainment Corp that...
  
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• U.S. seen growing 2.2 percent after jobs, trade data: Atlanta Fed

  04-03-2016 21:29 via news.yahoo.com
  
  The U.S. economy is on track to grow 2.2 percent in the first quarter following government reports on jobs and international trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday. Earlier Friday, the Labor Department said nonfarm payrolls grew by 242,000 jobs last month, more than the 190,000 gain forecast among analysts polled by Reuters. The latest jobs report boosted the model's estimates on real consumer spending growth in the first quarter to 3.3 percent from an earlie
  
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• Mexican tycoon Carlos Slim launches bid for all of Spain's FCC

  04-03-2016 21:28
  
  MADRID (Reuters) - Mexican billionaire Carlos Slim's holding company Inversora Carsosaid on Friday it would launch a full takeover bid for Spanish building and infrastructure company FCCat a...
  
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• Strong US job growth in Feb. helps dispel recession fears

  04-03-2016 21:10 via news.yahoo.com
  
  WASHINGTON (AP) — A robust February jobs report showcased a resilient U.S. economy just as fears of a new recession had begun to surface.
  
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• UPDATE 1-BlackRock stops issuing shares in physical gold trust, citing demand

  04-03-2016 21:05
  
  NEW YORK, March 4 (Reuters) - BlackRock Inc said on Friday it had suspended the issuing of shares in its physically backed gold exchange traded product due to a historic surge in buying as global...
  
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• Telecom Italia wants deal with Metroweb investors in coming weeks: sources

  04-03-2016 20:57
  
  MILAN (Reuters) - Italian phone company Telecom Italiawants to reach an agreement with investors in fiber optic company Metroweb in coming weeks to development of a broadband network in Italy, two...
  
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• Brazil's ex-president Lula questioned; Rousseff calls it 'unnecessary'

  04-03-2016 20:51 via news.yahoo.com
  
  By Brad Haynes and Anthony Boadle SAO PAULO/BRASILIA (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's questioning in police custody was the highest profile development in a two-year-old graft probe centered on the state oil company Petroleo Brasileiro SA , which has has rocked Bra
  
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• Wall Street rallies after upbeat employment report

  04-03-2016 20:50 via news.yahoo.com
  
  (Reuters) - Wall Street rallied toward its fourth consecutive gain on Friday after employment data reduced investors' worries about a sluggish economy without bolstering fears of future interest rate hikes.
  
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• Thomson Reuters may sell IP & science unit in parts: sources

  04-03-2016 20:47
  
  NEW YORK/LONDON (Reuters) - Thomson Reuters Corp is open to selling its intellectual property and science business in two or three parts to facilitate a divesture that could raise more than $3...
  
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• Arrest of Lula, hero to millions, in corruption probe stuns Brazil

  04-03-2016 20:26 via news.yahoo.com
  
  By Brad Brooks and Paulo Prada RIO DE JANEIRO (Reuters) - Rising from a shoeshine boy to become Brazil's first working class president, Luiz Inácio Lula da Silva is a hero to millions of Brazilians and the very face of change in Latin America's biggest country. A 70-year-old metalworker and union leader who governed Brazil from 2003 until 2010, Lula presided over an economic boom that raised Brazil's profile on the world stage, lifted more than 40 million people out of poverty and enabled
  
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• Fed's Kaplan says expects solid growth this year

  04-03-2016 20:25 via news.yahoo.com
  
  (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Friday said he expects solid growth in the U.S. economy this year and does not expect the economy to fall into recession.
  
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• U.S. jobs report, oil's surge push stocks higher

  04-03-2016 20:15 via news.yahoo.com
  
  A gauge of stock markets worldwide rose to new two-month highs on Friday, on pace for a fourth day of gains, as oil and other commodity prices firmed and strong U.S. jobs growth bolstered confidence in the global economy. U.S. equity indexes touched their highest since Jan. 6 after February's jobs data, which showed strong growth in payrolls and an increase in labor-force participation, but a surprising decline in monthly wage growth. The numbers looked strong enough to "scotch suggestions that
  
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• US stocks head for a 4th straight gain; energy, metals surge

  04-03-2016 20:11 via news.yahoo.com
  
  NEW YORK (AP) — Stocks are rising Friday for a fourth day straight after the U.S. government said employers added more jobs than expected in February. Energy and metals prices are gaining ground on the latest sign of strength for the economy, and energy and mining stocks are jumping.
  
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• Woollip inflatable pillow promises sweet dreams for economy class flyers

  04-03-2016 20:01 via news.yahoo.com
  
  To mark World Sleep Day on March 18, a crowdfunding campaign will open on public-benefit corporation Kickstarter.com to launch the large-scale manufacturing of an inflatable pillow, ergonomically designed to help travelers find a comfortable sleeping position when flying economy. The two inventors hope to sell their pillow to customers directly, mainly via the internet.
  
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• Catalyst presses Shaw family for answers on media deal with Corus

  04-03-2016 19:12
  
  TORONTO (Reuters) - Canadian fund Catalyst Capital, a fierce critic of Corus Entertainment Inc'sC$2.65 billion ($2 billion) bid for Shaw Communications Inc'smedia assets, on Friday called on the...
  
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• More jobs, higher prices: restaurants show U.S. economy's bite

  04-03-2016 19:09 via news.yahoo.com
  
  What does a nice meal out say about the U.S. economy? Quite a lot, as it turns out, and the Federal Reserve is taking note, especially after a whopping 40,200 food service and drinking establishment jobs were created last month. Spending at restaurants is also surging and prices are up, reflecting strength in the services sector, which accounts for more than 80 percent of U.S. economic output.
  
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• Markets end week on bright note as dealers digest US data

  04-03-2016 19:08 via news.yahoo.com
  
  Global stock markets rose Friday offering a cautiously optimistic end to the week after new data showed strong US jobs figures but a fall in wages and fuelled speculation of further Federal Reserve rate hikes. After a miserable start to the year for investors, March has so far provided some cheer thanks to positive US data and Beijing's decision to ease monetary policy, dealers said. A pick-up in oil prices -- which in January were near 13-year lows below $30 a barrel -- has also provided some s
  
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• U.S. bankruptcy court weighs 'white-hot' energy pipeline dispute

  04-03-2016 18:59
  
  WILMINGTON, Del, March 4 (Reuters) - Small U.S. oil-and-gas
  producer Quicksilver Resources Inc began making its case in
  court on Friday for using its bankruptcy to reject a pipeline
  contract, a move...
  
  Read more

• Obama: Republicans trying to 'talk down' U.S. economy

  04-03-2016 18:56 via news.yahoo.com
  
  President Barack Obama on Friday accused Republicans of trying to "talk down" the U.S. economy by painting a doomsday picture on the campaign trail and said the rhetoric used by Republican candidates was unworthy of the American people. In remarks to reporters at the White House, Obama said there would be a debate about the budget in the coming months on issues related to policies that could raise Americans' wages. Not trying to talk down the American economy," he said.
  
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• Wall Street higher after strong payrolls data

  04-03-2016 18:51 via news.yahoo.com
  
  Gains by energy and materials stocks pushed the S&P 500 above 2,000 and the Dow over 17,000 for the first time since Jan. 6, as data further highlighted that the economic recovery was gaining momentum. The Fed has targeted a 2 percent annual inflation rate as a precursor to a sustained rise in interest rates. "The number was strong enough to worry investors about the Fed's desire to move again in March, and yet was not so strong to put on the table a higher-than-a-coin-toss probability that
  
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• UPDATE 1-Puerto Rico governor meets key U.S. House member on crisis

  04-03-2016 18:07
  
  SAN JUAN, March 4 (Reuters) - U.S. Representative Rob Bishop
  on Friday met with Puerto Rico Governor Alejandro Garcia Padilla
  to discuss the island's financial crisis ahead of legislative
  rescue...
  
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• Britain's FTSE outperforms as mining shares hit four-month high

  04-03-2016 18:05
  
  * Schroders falls on a broker downgrade (Adds detail, updates prices at close)
  
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• Father's dark legacy threatens Fujimori's run for Peru presidency

  04-03-2016 17:55 via news.yahoo.com
  
  By Mitra Taj HUANCAVELICA, Peru (Reuters) - Keiko Fujimori, the daughter of Peru's imprisoned former president Alberto Fujimori, is the frontrunner in this year's election but her links to his authoritarian rule could derail her in a likely run-off vote. Languishing in a prison on the outskirts of the capital Lima, the 77-year-old Alberto Fujimori remains a deeply divisive figure in the Andean nation. Known in Peru simply as Keiko, his 40-year-old daughter is promising to battle rising crime and
  
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• US trade deficit widens in January as exports slump

  04-03-2016 17:48 via news.yahoo.com
  
  The US trade deficit grew more than expected in January as exports slumped, outpacing the fall in imports amid a slowing global economy, Commerce Department data released Friday showed. US exports and imports fell to their weakest levels in five years, reflecting the sluggishness in the global economy, falling oil prices and a strong dollar. It was the second consecutive month of a widening in the trade gap, underscoring the global slowdown led mainly by China.
  
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• Puerto Rico governor meets key U.S. House member on crisis

  04-03-2016 17:42
  
  SAN JUAN, March 4 (Reuters) - U.S. Representative Rob Bishop
  on Friday met with Puerto Rico Governor Alejandro Garcia Padilla
  to discuss the island's financial crisis ahead of and
  legislative rescue...
  
  Read more

• Obama to speak to reporters after meeting with economic team: White House

  04-03-2016 17:37 via news.yahoo.com
  
  WASHINGTON (Reuters) - U.S. President Barack Obama will speak to reporters after a 12:15 p.m. meeting with his economic team on Friday, where he will receive an update on the economy, the White House said.
  
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• Global stocks up as commodities, emerging markets rise

  04-03-2016 17:17 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stock markets worldwide edged up on Friday, on pace for a fourth day of gains, as commodities prices firmed and strong U.S. jobs growth bolstered confidence in the global economy. "It’s good news for the U.S. economy, but the lack of growth in wages suggests the Fed should be in no rush to hike," said Vassili Serebriakov, currency strategist at BNP Paribas in New York. Brazil's stock market rose to its highest in at least six months after police detaine
  
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• UPDATE 1-BNP Paribas reopens bank capital market

  04-03-2016 17:15
  
  LONDON, March 4 (IFR) - BNP Paribas offered a glimmer of
  hope for Europe's battered bank capital market on Friday when it
  issued the first subordinated bond in the single currency since
  mid-January,...
  
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• US trade deficit swells in January

  04-03-2016 17:12 via news.yahoo.com
  
  Washington (AFP) - The US trade deficit grew more than expected in January as exports fell more sharply than imports amid a slowing global economy, Commerce Department data released Friday showed.
  
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• Pepco, Exelon maintain deal closing deadline amid regulatory scrutiny

  04-03-2016 17:11
  
  (Reuters) - Pepco Holdings Inc, which is awaiting regulatory approval from Washington DC for its acquisition by Exelon Corp, said the two utilities have not extended the deadline to close the deal,...
  
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• Brazil's ex-president Lula questioned in anti-graft bust

  04-03-2016 17:11 via news.yahoo.com
  
  By Brad Haynes and Anthony Boadle SAO PAULO/BRASILIA (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's questioning in police custody was the highest profile development in a longrunning and sweeping graft probe centered on the state oil company Petroleo Brasileiro SA that has rocke
  
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• Defying global slump, US hiring surges in February

  04-03-2016 16:58 via news.yahoo.com
  
  US employers defied a global slowdown and pumped up hiring in February, fending off worries about financial market turmoil and the oil industry crash. The Labor Department reported Friday that companies and government authorities added a much better-than-expected 242,000 jobs last month, and the figures for the previous two months were revised higher. The new data underscored the resilience in the US economy amid worries that it was beginning to stall early this year, though analysts still expec
  
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• US stocks edge higher after jobs report, led by miners

  04-03-2016 16:51 via news.yahoo.com
  
  NEW YORK (AP) — Stocks are inching higher Friday morning after the U.S. government said employers added more jobs than expected in February, the latest sign of strength for the economy. Mining companies are rising along with metals prices, and drugmakers are struggling again. The market is still on track for its third weekly gain in a row.
  
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• LSE highlights 'compelling' logic of Deutsche Boerse deal

  04-03-2016 16:36
  
  (Reuters) - The London Stock Exchange Groupsaid a potential merger with Deutsche Boersewould be "compelling" as potential rival bidders line-up for the British company which reported a jump in...
  
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• Canada exports show signs of strength amid U.S. growth, low Canadian dollar

  04-03-2016 16:34 via news.yahoo.com
  
  By David Ljunggren OTTAWA (Reuters) - Canadian exports are finally starting to show signs of a persistent recovery, with analysts cheered by healthy volumes in January that rose sharply thanks to the weak domestic dollar and continued U.S. growth. Although Statistics Canada said on Friday that the trade deficit had widened to C$655 million ($489 million) from C$631 million in December, markets paid much more attention to a 3.6 percent jump in volume. January marked the 17th consecutive monthly t
  
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• Syria divisions aside, Turkish PM eyes closer ties with Iran

  04-03-2016 16:29 via news.yahoo.com
  
  By Orhan Coskun and Tulay Karadeniz ANKARA (Reuters) - The first visit by a Turkish prime minister to Iran in two years is unlikely to narrow deep divisions over Syria's war, but it could boost trade ties as the lifting of sanctions on Tehran and political gains by reformists clear the way for a business boom. Turkey, the region's economic powerhouse, could be one of the major beneficiaries as President Hassan Rouhani, bolstered by reformist gains in elections last month, pursues plans to streng
  
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• Canadian dollar firms after solid trade data

  04-03-2016 16:10 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened slightly against its U.S. counterpart on Friday after solid trade data made a Bank of Canada rate cut less likely, even as a surge in U.S. jobs boosted Federal Reserve rate hike prospects. Canadian exports rose for a third month, including increased trade with the U.S. that supports hoped for reorientation of Canada's economy toward the non-resource sector. "This is the sort of data they (the Bank of Canada) want to see," said
  
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• Benin to choose new president amid economic, logistical concerns

  04-03-2016 15:56 via news.yahoo.com
  
  By Allegresse Sasse COTONOU (Reuters) - Benin will vote for a new president on Sunday in a crowded race focused on boosting the flagging economy, though logistical problems may keep hundreds of thousands from casting their ballots. Current President Thomas Boni Yayi is stepping down after two terms at the helm of the small West African cotton-producer, leaving 33 candidates vying to replace him. Benin has not seen the levels of political tension that have plagued other recent votes across the co
  
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