Finance news

• UPDATE 2-Brazil court sends Lula charges to Petrobras judge

  14-03-2016 23:55
  
  SAO PAULO/BRASILIA, March 14 (Reuters) - Any decision to arrest Brazil's former President Luiz Inacio Lula da Silva will be made by Federal Judge Sergio Moro, who oversees a sweeping investigation...
  
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• Verizon signs direct connection agreement with Cuba

  14-03-2016 23:47
  
  HAVANA, March 14 (Reuters) - A unit of telecoms multinational Verizon Communications signed a direct interconnection agreement with the Cuban state monopoly Etecsa, expanding on existing roaming...
  
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• Ex-Sequoia Capital partner alleges extortion in sex abuse complaint

  14-03-2016 23:39
  
  March 14 (Reuters) - A former partner in leading Silicon Valley venture capital firm Sequoia Capital on Monday countersued a woman who claimed he sexually abused her for more than a decade, arguing...
  
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• EMERGING MARKETS-Brazil currency, stocks slip as doubts follow protests

  14-03-2016 23:38
  
  SAO PAULO, March 14 (Reuters) - Brazil's currency and stock market fell on Monday following weekend demonstrations calling for the ouster of President Dilma Rousseff, with traders taking profits as...
  
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• New Jersey voters to decide casino expansion in November

  14-03-2016 23:33
  
  March 14 (Reuters) - New Jersey voters will decide whether to expand gambling beyond Atlantic City, the state's distressed casino hub, after the state legislature on Monday approved a ballot measure...
  
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• Venezuela president extends economic emergency

  14-03-2016 23:32 via news.yahoo.com
  
  Embattled Venezuelan President Nicolas Maduro has decreed a two-month extension on emergency powers meant to help shore up the country's crippled economy. The presidential decree, published in an official gazette released Monday, is meant to "protect Venezuelans from economic warfare," it says, and expands the socialist government's powers. Maduro regularly blames US and local business interests for what his administration sees as a "national and international boycott of Venezuela" amid low oil
  
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• BRIEF-Vivint Solar says Q4 GAAP loss per share of $0.12

  14-03-2016 23:29
  
  * Vivint Solar announces fourth quarter 2015 and fiscal 2015 financial results
  
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• GT Advanced says to emerge from bankruptcy as soon as possible

  14-03-2016 23:27
  
  March 14 (Reuters) - GT Advanced Technologies, a sapphire glass maker, said it expected to emerge from Chapter 11 bankruptcy "as soon as possible."
  
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• BRIEF-Anadarko prices $3 billion of senior notes

  14-03-2016 23:27
  
  * Priced offering of $3 billion of senior notes comprised of $800 million 4.85 percent senior notes due 2021, $1.1 billion 5.55 percent senior notes due 2026, $1.1 billion 6.60 percent senior notes...
  
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• BRIEF-Alon Blue Square Israel postpones payment date for Series C debentures

  14-03-2016 23:26
  
  * Record date for payment of outstanding principal and interest on Series C debentures was postponed to March 23, 2016
  
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• Brazil's largest party closer to backing impeachment after protests

  14-03-2016 23:23 via news.yahoo.com
  
  By Anthony Boadle BRASILIA (Reuters) - Record protests against President Dilma Rousseff have all but guaranteed her impeachment by pushing hesitant lawmakers from Brazil's biggest party now to favor her ouster, party sources said on Monday. The Brazilian Democratic Movement Party (PMDB), the biggest partner in Rousseff's governing coalition, is poised to vote against her in ongoing proceedings in Congress to impeach the president, who is beset by a corruption scandal and an economy suffering its
  
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• UPDATE 4-Apollo Global adds grocery chain Fresh Market to shopping cart

  14-03-2016 23:19
  
  * Board unanimously approves deal; Chairman Ray Berry recuses (Rewrites, adds background on Apollo and Fresh Market)
  
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• UPDATE 5-Safran sees potential acquisitions as shares fall

  14-03-2016 22:22
  
  * Safran holds investor meeting in London (Adds new analyst and CEO comments, closing shares)
  
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• Crude drops; dollar gains with eyes on central banks

  14-03-2016 21:57 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Oil prices fell on Monday as Iran dashed hopes of a coordinated production freeze, while the dollar rose ahead of a policy meeting at the U.S. central bank. A gauge of stocks across the globe ticked up, with Wall Street weighed by commodity shares as Europe rose partly on a positive view of the auto industry. Attention switched this week to policy decisions from the Bank of Japan, the U.S. Federal Reserve and the Bank of England, among others.
  
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• Wall St. ends flat as Fed meeting looms

  14-03-2016 21:54 via news.yahoo.com
  
  Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S. Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO Pri
  
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• Wall Street ends flat as U.S. Fed meeting looms

  14-03-2016 21:37 via news.yahoo.com
  
  By Laila Kearney NEW YORK (Reuters) - Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S. Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Abli
  
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• US STOCKS-Wall St ends flat as Fed meeting looms

  14-03-2016 21:34 via news.yahoo.com
  
  Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S (Other OTC: UBGXF - news) . The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO P
  
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• Italy, Hungary say no automatic renewal of Russia sanctions

  14-03-2016 21:03 via news.yahoo.com
  
  By Robin Emmott and Gabriela Baczynska BRUSSELS (Reuters) - Italy and Hungary, two of the Kremlin's closest allies in Europe, said on Monday there could be no automatic extension of the European Union's sanctions against Russia, the most public sign yet of fraying unity on how to deal with Moscow. Two years after the West imposed economic sanctions over Russia's annexation of Crimea and its support for separatists in eastern Ukraine, the EU's resolve is at risk of ebbing because of the stalled M
  
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• BRIEF-Fitch says Starwood merger termination would temper Marriott's ratings momentum

  14-03-2016 20:31
  
  * Starwood merger termination would temper Marriott's ratings momentum
  
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• PRECIOUS-Gold falls below $1,240/oz ahead of Fed meeting

  14-03-2016 20:30
  
  * Coming up: FOMC meeting Tuesday-Wednesday (Updates prices; adds comment, second byline, NEW YORK dateline)
  
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• TREASURIES-Prices edge higher as investors square up ahead of FOMC

  14-03-2016 20:25
  
  * U.S. economy has improved, so Fed could be less dovish -CRT
  
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• VW institutional investors file multi-billion euro suit in Germany

  14-03-2016 20:24
  
  BERLIN, March 14 (Reuters) - Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in...
  
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• Soccer-Colombia players' union warns of heat health-risk

  14-03-2016 20:17 via news.yahoo.com
  
  Colombia's players' union has warned that the scrapping of night games to save on energy costs may lead to matches being played in temperatures of 35 degrees Celsius putting health at risk. The league last week declared an end to night games in Colombia's first and second divisions after the government called for energy saving measures as reserves run low. "The schedule of professional games in our country should be decided more by sporting criteria than economic criteria and give priority to th
  
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• GLOBAL MARKETS-Crude drops; shares flat with eyes on central banks

  14-03-2016 20:15
  
  * Wall St buoyed by consumer stock gains (Updates prices, adds comment)
  
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• UPDATE 2-Bill Gross is cleared to pursue Pimco lawsuit

  14-03-2016 20:12
  
  March 14 (Reuters) - Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment Management Co owes him in the wake of his 2014 ouster...
  
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• Exclusive: Saudi Arabia orders 5 percent cut in contract spending

  14-03-2016 20:12 via news.yahoo.com
  
  By Marwa Rashad RIYADH (Reuters) - Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on contracts by at least 5 percent, a document seen by Reuters shows. The spending cuts could further slow economic growth in the world's top oil exporter and hurt the construction industry, where many companies are struggling with deteriorating cash flow and rising labor costs. The document, sent by the central gov
  
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• Salmon farmers' shares rise as Chilean algal bloom boosts prices

  14-03-2016 20:10
  
  SANTIAGO, March 14 (Reuters) - An algal bloom in Chile that has killed up to 20 percent of the nation's farmed salmon has sent shares of producers higher as the reduced supply has lifted selling...
  
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• McClendon tapped brakes twice before fatal car crash -police

  14-03-2016 20:04
  
  March 14 (Reuters) - Aubrey McClendon, the former chief executive of Chesapeake Energy Corp, tapped his vehicle's brakes twice while driving at roughly 88 miles per hour before a fatal accident...
  
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• UPDATE 2-Ambac, hedge fund Canyon Capital square off in proxy fight

  14-03-2016 20:03
  
  March 14 (Reuters) - Canyon Capital Advisors LLC, the fourth largest shareholder of Ambac Financial Group Inc, launched a proxy fight on Monday, nominating three directors for the board and urging...
  
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• Wall Street treads water ahead of U.S. Fed meeting, data

  14-03-2016 19:55 via news.yahoo.com
  
  By Laila Kearney NEW YORK (Reuters) - Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S. Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief invest
  
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• Sao Paulo judge transfers Lula charges to Curitiba

  14-03-2016 19:53
  
  SAO PAULO, March 14 (Reuters) - A judge in Sao Paulo transferred on Monday pending charges against former President Luiz Inacio Lula da Silva to the federal court in Curitiba, citing an "undeniable...
  
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• AIG units to pay U.S. $9.5 mln for steering clients to pricey fund shares

  14-03-2016 19:52
  
  March 14 (Reuters) - Three American International Group Inc units will pay more than $9.5 million to settle allegations that they steered clients toward more expensive mutual fund share classes in...
  
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• Wall St. treads water ahead of Fed meeting, data

  14-03-2016 19:49 via news.yahoo.com
  
  Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S. Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO Private Bank in Ch
  
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• US STOCKS-Wall St treads water ahead of Fed meeting, data

  14-03-2016 19:48 via news.yahoo.com
  
  Wall Street was flat on Monday afternoon as losses in energy shares were offset by consumer discretionary gains and investors laid low ahead of a U.S (Other OTC: UBGXF - news) . "If investors are inclined to make a bet, then they're better served by waiting a few days," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. Global oil prices fell as much as 4 percent on concerns a six-week market recovery has gone beyond fundamentals.
  
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• UPDATE 1-Google to urge Congress to help get self-driving cars on roads

  14-03-2016 19:43
  
  WASHINGTON, March 14 (Reuters) - The head of Alphabet Inc's Google self-driving car program will urge the U.S. Congress on Tuesday to grant national auto safety regulators new authority to speed the...
  
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• UPDATE 4-China's Anbang challenges Marriott with $13 bln Starwood offer

  14-03-2016 19:40
  
  * Starwood shares up 8 pct, Marriott up 3.4 pct (Adds background on Anbang, CFIUS and the potential deal)
  
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• BRIEF-Fitch assigns 'BBB-' first-time ratings to Encana; outlook negative

  14-03-2016 19:32
  
  * Assigns 'BBB-' first-time ratings to Encana; outlook negative Source text for Eikon: Further company coverage: ;))
  
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• EU mergers and takeovers (March 14)

  14-03-2016 19:24
  
  BRUSSELS, March 14 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
  
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• BRIEF-Southwest Airlines launches summer service additions at Baltimore/Washington International Airport

  14-03-2016 19:17
  
  * Southwest Airlines launches summer service additions at Baltimore/Washington International Airport
  
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• UPDATE 1-New York Times' editorial page editor Andrew Rosenthal to step down

  14-03-2016 19:00
  
  March 14 (Reuters) - New York Times Co said on Monday Andrew Rosenthal would step down as the newspaper's editorial page editor in late April, and would be succeeded by James Bennet, editor-in-chief...
  
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• BRIEF-Safran sees 40 pct drop in LEAP engine unit costs by 2020

  14-03-2016 18:56
  
  * CFO says research and development spending peaked in 2014, capex to peak in 2016
  
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• BRIEF-Century Tokyo Leasing to issue 1 bln baht in bonds - Nikkei

  14-03-2016 18:56
  
  * Century Tokyo Leasing will issue 1 billion baht in three-year straight bonds as early as Thursday - Nikkei Source text: http://s.nikkei.com/1nJglbW Further company coverage:
  
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• BRIEF-AT&T hiring for more than 340 jobs in Georgia

  14-03-2016 18:56
  
  * Hiring for more than 340 jobs in Georgia for retail and technical positions Source text for Eikon: Further company coverage: ;))
  
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• Britain's FTSE edges higher with commodity picture mixed

  14-03-2016 18:25
  
  * HSBC downgrades Admiral Group (Updates with closing prices)
  
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• Impeachment won't solve Brazil economic crisis: Rousseff minister

  14-03-2016 18:23 via news.yahoo.com
  
  BRASILIA (Reuters) - Brazilian President Dilma Rousseff's chief of staff said on Monday that her impeachment is not the solution for Brazil's economic crisis and the government will fight to block it in Congress. Jaques Wagner said the government is considering using Brazil's international reserves to lower its gross public debt, but it will not tap those reserves to bolster investment. (Reporting by Anthony Boadle; Editing by Chris Reese)
  
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• World stocks firm as traders look to central banks

  14-03-2016 18:14 via news.yahoo.com
  
  European and Asian shares got the week off to a solid start Monday, with Frankfurt breaking through the psychological level of 10,000 points, as investors eyed possible central bank action. Wall Street took a pause after a big rally, with trading steady after slipping on opening, and ahead of US Federal Reserve talks later in the week which will be closely watched for clues on any further rate hikes. "US stocks are trending lower as decreasing oil prices weigh on energy stocks and investors paus
  
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• Workers rights 'kneecapped' by sharing economy: Unions

  14-03-2016 17:56 via news.yahoo.com
  
  The explosion of the sharing economy is threatening to "kneecap" workers rights and social protection systems dating back to the 19th Century, European Labour Unions warned on Monday. Unveiling new research which showed that nearly one in eight adults in Sweden are now earning part of their income from activities in the so-called "gig" economy, leaders of some of Europe's biggest workers' organisations said it was time for governments to wake up to the scale of change underway in labour markets.
  
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• South African finmin says hopes to avoid downgrade after meeting ratings agencies

  14-03-2016 17:29 via news.yahoo.com
  
  South African Finance Minister Pravin Gordhan said on Monday he had constructive discussions with ratings agencies on a roadshow in London and the United States last week as Pretoria tries to fend off downgrades amid weak economic growth. The trip came against the backdrop of mounting concerns that Africa's most industrialised economy could lose its investment-grade rating by mid-year, potentially raising borrowing costs for government and firms alike. Some of the main concerns raised during mee
  
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• UPDATE 4-Safran sees potential acquisitions, shares fall

  14-03-2016 16:56
  
  * Safran holding investor meeting in London (Adds comments by analyst, updates share price)
  
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• UPDATE 2-Ahold, Delhaize shareholders approve Benelux supermarket merger

  14-03-2016 16:46
  
  * Deal still needs US, Belgian regulatory approval (Updates after Delhaize shareholders also approve merger)
  
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