Finance news

• U.S. muni bond funds post $505.9 million in inflows: Lipper

  07-04-2016 23:36
  
  U.S. municipal bond funds reported $505.9 million of net inflows in the week ended April 6, compared with $783.9 million in inflows in the previous week, according to data released by Lipper on...
  
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• BRIEF-Kalobios Pharmaceuticals entered into debtor in possession credit and security agreement with Black Horse Capital Master Fund Ltd

  07-04-2016 23:09
  
  * Entered into debtor in possession credit and security
  agreement with black horse capital master fund ltd
  
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• Verizon plans bid for Yahoo and its Yahoo Japan stake: Bloomberg

  07-04-2016 23:00
  
  SAN FRANCISCO (Reuters) - Verizon Communications Incis ready to make a bid for Yahoo's web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo's Japan...
  
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• Wall Street drops amid global growth worries

  07-04-2016 22:55 via news.yahoo.com
  
  U.S. stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the Japanese yen and causing investors to flee riskier assets. The S&P 500 posted its biggest daily percentage loss in six weeks. The growth worries weighed especially on interest-rate sensitive financials , strategists said, with the group down 1.9 percent and the biggest drag on the S&P 500.
  
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• Vanguard CEO 'encouraged' by efforts to revise retirement advice rule

  07-04-2016 22:51
  
  (Reuters) - Vanguard Group Chief Executive Bill McNabb said on Thursday he was encouraged by the U.S. Department of Labor's steps to make new rules on the advice brokers provide on retirement savings...
  
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• It takes a village of options to pay college tuition

  07-04-2016 22:36
  
  NEW YORK (Reuters) - Until last week, high school senior Alex Gomez was missing a key piece in his puzzle-like plan to pay college tuition next year to the University of Colorado.
  
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• BRIEF-Winsway Enterprises holdings files for chapter 15 bankruptcy protection in southern district of New York bankruptcy court- filing

  07-04-2016 22:20
  
  * Winsway Enterprises Holdings Ltd files for
  chapter 15 bankruptcy protection in southern district of New
  York bankruptcy court- filingSource text : (http://1.usa.gov/1NbKMy8)
  Further company...
  
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• Fifth Street unit FSFR sees shareholders rejecting Ironsides' proposal

  07-04-2016 22:00
  
  (Reuters) - Investment manager Fifth Street Senior Floating Rate Corp (FSFR)said it expected that its shareholders had voted against ending an investment advisory agreement on Thursday, spurning a...
  
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• Carlyle in the lead to buy Verisk Analytics' healthcare unit: sources

  07-04-2016 21:58
  
  (Reuters) - Private equity firm Carlyle Group LPis in advanced talks to acquire the healthcare information technology division of U.S. data analytics company Verisk Analytics Inc , according to...
  
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• UPDATE 4-Teen retailer Pacific Sunwear files for bankruptcy

  07-04-2016 21:53
  
  * Shares fall more than 40 pct to record low(Adds court ruling to restrict share trading, comments by
  lawyer for debtor)
  
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• DoubleLine's Gundlach says negative interest rates backfiring

  07-04-2016 21:53
  
  NEW YORK (Reuters) - Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, said on Thursday that negative interest rates implemented by some major central banks, notably in...
  
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• Postmedia considers asset sales, restructuring as losses widen

  07-04-2016 21:49
  
  TORONTO (Reuters) - Postmedia Network Canada Corp , the country's biggest newspaper publisher, said on Thursday it had initiated a review to consider asset sales and debt and equity restructuring as...
  
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• Nelson Peltz's Trian rebounds in March; many hedge funds gained

  07-04-2016 21:32
  
  BOSTON (Reuters) - Nelson Peltz's Trian Fund Management rebounded sharply in March, helping the activist investor start the year's second quarter nearly flat, an investor in the fund said.
  
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• Here’s the Big Risk Sanders and Clinton Are Taking as They Trade Insults

  07-04-2016 21:15 via news.yahoo.com
  
  There was a time when the Democratic presidential campaign was a sea of tranquility and civility compared with the mud wrestling going on between billionaire Donald Trump, Sen. Ted Cruz and others in the Republican race. Capping a day of acrimonious back and forth between the two rivals, Sanders told a large group of supporters in Philadelphia that he does not believe the former secretary of state and U.S. senator from New York is qualified to be president because she was beholden to Wall Street
  
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• Biotech company Relypsa explores potential sale: sources

  07-04-2016 20:03
  
  (Reuters) - Relypsa Inc , a U.S. developer of treatments for high blood potassium, is exploring a sale following overtures from a number of potential buyers, according to several people familiar with...
  
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• UPDATE 1-Biotech company Relypsa explores potential sale -sources

  07-04-2016 19:59
  
  April 7 (Reuters) - Relypsa Inc, a U.S. developer of treatments for high blood potassium, is exploring a sale following overtures from a number of potential buyers, according to several people...
  
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• Quicksilver closes bankruptcy sale after gas pipeline deal

  07-04-2016 19:38
  
  WILMINGTON, Del., April 7 (Reuters) - Bankrupt energy
  producer Quicksilver Resources Inc has sold its U.S.
  assets to private equity firm BlueStone Natural Resources II,
  after the buyer struck a new...
  
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• Pimco Total Return Fund posts about $900 mln outflows in March

  07-04-2016 18:39
  
  NEW YORK (Reuters) - Pacific Investment Management Co's flagship Total Return fund posted cash withdrawals of about $900 million in March, leaving what was once the world's largest bond fund with...
  
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• U.S. options industry dodges a bullet with fiduciary rule

  07-04-2016 18:21
  
  NEW YORK (Reuters) - The U.S. options trading industry and people hoping to include exchange-listed options individual retirement accounts were relieved on Wednesday to learn U.S. regulators had...
  
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• FTSE slips though Marks & Spencer, pharma rally lend support

  07-04-2016 18:00 via news.yahoo.com
  
  By Kit Rees and Alistair Smout LONDON (Reuters) - Britain's top share index dipped on Thursday, although rises in pharmaceutical stocks and retailers after a well-received update from Marks and Spencer supported UK equities. The FTSE 100 was down 24.74 points, or 0.4 percent, at 6,136.89 points at its close, outperforming the broader European market which extended losses after Wall Street fell. Marks & Spencer rose 3 percent in strong volumes of 228.8 percent of its 90-day average, after it
  
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• Britain's FTSE slips though Marks & Spencer, pharma rally lend support

  07-04-2016 17:59
  
  * Glencore falls on downgrade; ex-divs weigh (Updates prices at close)
  
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• Wall Street weighed by global growth fears, oil slips

  07-04-2016 17:41 via news.yahoo.com
  
  The central bank's caution put pressure on the dollar as investors sought safety in the yen and gold. Minutes from the Fed's March meeting released on Wednesday pointed to concerns about the central bank's limited ability to tackle a global economic slowdown, reducing the odds of a rate increase before June. While the Fed has projected two rate increases this year, the market is pricing in a near 60-percent chance of a hike in December, according to CME Group's FedWatch Program.
  
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• UPDATE 1-Czech government in talks to take over miner OKD, other options

  07-04-2016 17:25
  
  * State has been reluctant to help firm's owners(Adds finance minister, background, impact study)
  
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• South Korean conservatives seen regaining hold of assembly in election

  07-04-2016 17:20 via news.yahoo.com
  
  By Ju-min Park SEOUL (Reuters) - South Korea's ruling conservative Saenuri Party is expected to regain its parliamentary majority in elections next week despite a sluggish economy and gridlock that made the last legislative term one of the least productive ever. A divided opposition, riven by infighting that led to a split in the main left-leaning party four months ago, has left many voters, especially younger ones facing record-high youth unemployment, disenchanted. Expected low turnout on Apri
  
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• U.S. job market firming despite anemic economic growth

  07-04-2016 16:52 via news.yahoo.com
  
  The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth. Initial claims for state unemployment benefits declined 9,000 to a seasonally adjusted 267,000 for the week ended April 2, the Labor Department said on Thursday. "The persistently low level of claims should provide some reassurance that the economy is growing, even if that growth appears more sluggish that most would have h
  
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• Merkel wants Ukraine on path towards EU despite Dutch 'no' vote

  07-04-2016 16:48 via news.yahoo.com
  METZ, France (Reuters) - German Chancellor Angela Merkel said on Thursday the Netherlands would work out with Europe's institutions how to proceed with a Ukraine-EU treaty on closer political and economic ties that Dutch voters rejected in a non-binding referendum. "We of course have every interest that Ukraine's way towards the EU, and above all towards certain standards that are agreed on in the treaty of association, is a continuous way," Merkel told reporters after a joint Franco-German cabi
  
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• BRIEF-SFX entertainment to reduce staff at New York HQ

  07-04-2016 16:34
  
  * SFX entertainment says continues to expect to emerge from
  chapter 11 around summer 2016
  
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• European stock markets fall on Fed rates signal

  07-04-2016 16:23 via news.yahoo.com
  
  European stock markets dipped Thursday, erasing early gains won following advances across Asia and on Wall Street as the Federal Reserve dampened expectations of further rises to US interest rates.
  
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• First Bank of Canada rate hike draws closer on fiscal stimulus: Reuters poll

  07-04-2016 16:01 via news.yahoo.com
  
  By Anu Bararia and Leah Schnurr BENGALURU/OTTAWA (Reuters) - The Canadian economy's strong start to the year allied with fiscal stimulus from the country's new Liberal government will allow the Bank of Canada to start raising interest rates sooner in 2017 than had been previously expected, a Reuters poll found. Economists unanimously expect the central bank to keep rates at 0.5 percent at its meeting on April 13, but think it will likely revise its economic forecasts higher for this year.
  
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• China, Sri Lanka keen to push Colombo port project: Chinese diplomat

  07-04-2016 15:45 via news.yahoo.com
  
  China and Sri Lanka are both determined to push forward with a stalled port project in the Sri Lankan capital Colombo, a senior Chinese diplomat said on Thursday following a meeting between the two country's premiers. Sri Lanka ordered a review of the $1.4 billion Colombo port city project last year, citing irregularities in the award of the contract to state-owned China Communications Construction Company (CCCC) by a previous government. Last month, the Sri Lankan government, grappling with a d
  
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• BRIEF-Pacific Sunwear to become a private company- CEO

  07-04-2016 15:07
  
  April 7 (Reuters) - Pacific Sunwear Ceo In Letter To Customers
  
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• YOUR MONEY-It takes a village of options to pay college tuition

  07-04-2016 15:00
  
  NEW YORK, April 7(Reuters) - Until last week, high school senior Alex Gomez was missing a key piece in his puzzle-like plan to pay college tuition next year to the University of Colorado.
  
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• GLOBAL MARKETS-Eyes on Yellen as dollar sinks against yen

  07-04-2016 15:00
  
  LONDON, April 7 (Reuters) - All eyes in financial markets were on an appearance by Janet Yellen on Thursday after meeting minutes showed the U.S. Federal Reserve is still far from another rise in...
  
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• HK tycoon Li set to rebuff activist Elliott over family bank

  07-04-2016 14:51 via news.yahoo.com
  
  By Elzio Barreto HONG KONG (Reuters) - Hong Kong's clubby, tycoon culture clashes with Wall Street on Friday, when activist investor Elliott Management Corp, frustrated by poor returns at family-run Bank of East Asia (BEA) , tries to persuade shareholders to defy the board. The shareholder votes on proposals including renewing some directors' tenure and a mandate to issue new shares, pits the $27 billion hedge fund founded by billionaire Paul Singer against BEA's flashy chairman and former polit
  
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• UPDATE 2-Lamb Weston business helps ConAgra beat sales estimates

  07-04-2016 14:47
  
  * Shares up 2.8 percent premarket (Adds details, background; updates shares)
  
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• BRIEF-Fifth Street Asset Management expects to appoint Nathaniel August to its board

  07-04-2016 14:46
  
  * Fifth Street Asset Management Inc announces intent to appoint Nathaniel August to board of directors
  
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• BRIEF-Czech finance minister Babis: it would be ideal if current NWR shareholders and creditors leave

  07-04-2016 14:46
  
  * Czech Finance Minister Andrej Babis says it would be ideal
  if current shareholders and creditors leave mining group NWR/OKD
  
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• Pakistan stocks end lower; rupee firm, o/n rates rise

  07-04-2016 14:42
  
  KARACHI, April 7 (Reuters) - Pakistan stocks ended lower after a volatile session on Thursday as political uncertainty continued to hurt sentiment, dealers said.
  
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• BRIEF-Gogold production increase of 45 pct over previous quarter

  07-04-2016 14:29
  
  * Sold 348,861 silver equivalent ounces during quarter which was an increase of almost 60 percent over previous quarter
  
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• Brazil's Barbosa says stimulus not enough to beat recession

  07-04-2016 14:28
  
  SAO PAULO, April 7 (Reuters) - Brazilian Finance Minister Nelson Barbosa said on Thursday that stimulus measures need to be tied with reforms to rebalance the fiscal accounts in order to pull the...
  
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• BRIEF-Petrowest announces $10 million bought deal financing

  07-04-2016 14:26
  
  * Petrowest announces $10 million bought deal financing; reaffirms 2016 adjusted ebitda guidance
  
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• BRIEF-Clean diesel technologies amends existing loan agreement

  07-04-2016 14:24
  
  * Cdti amends existing loan agreement and receives additional $2 million loan from Kanis, S.A.
  
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• Russia's Putin, on Panama Papers, says sees no element of corruption

  07-04-2016 14:23
  
  ST PETERSBURG, Russia, April 7 (Reuters) - Russian President Vladimir Putin said on Thursday that there was no element of corruption, in comments referring to the Panama Papers leak of financial...
  
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• L Brands to restructure Victoria's Secret business

  07-04-2016 14:18
  
  (Reuters) - Victoria's Secret owner L Brands Increported March sales at established stores above analysts' expectations and said it would restructure its business to focus on core categories.
  
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• Hutchison lines up network-sharing deals to smooth way for O2 takeover

  07-04-2016 14:18
  
  * EU competition watchdog getting tougher on telecoms mergers
  
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• UPDATE 1-L Brands to restructure Victoria's Secret business

  07-04-2016 14:17
  
  April 7 (Reuters) - Victoria's Secret owner L Brands Inc reported March sales at established stores above analysts' expectations and said it would restructure its business to focus on core categories.
  
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• BRIEF-REC Solar and Sungevity partner to help businesses reduce energy costs

  07-04-2016 14:16
  
  * REC Solar and Sungevity partner to help businesses reduce energy costs
  
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• Online fashion retailer Zalando embraces "chaos" to stay ahead

  07-04-2016 14:14
  
  * New app developed twice as fast under new management philosophy
  
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• BRIEF-IAC appoints Glenn Schiffman as CFO

  07-04-2016 14:12
  
  * IAC says Schiffman succeeds Jeff Kip; Schiffman was most recently senior managing director at guggenheim securities
  
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• BRIEF-Genenews ltd - executed a term sheet with Alumina Partners Llc

  07-04-2016 14:09
  
  * Executed a term sheet with Alumina Partners Llc, an arms' length party
  
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