Finance news

• Lipper fund flows: IG US$1.355bn inflow, HY US$409.9m inflow

  21-04-2016 23:56
  NEW YORK, April 21 (IFR) - For the week ended April 20,
  Lipper US Fund Flows reported the following:
  
  Read more

• Investors pull $4.5 bln from U.S.-based stock funds -Lipper

  21-04-2016 23:52
  NEW YORK, April 21 (Reuters) - Investors pulled $4.5 billion
  from U.S.-based funds that invest in stocks during the week
  ended April 20, Lipper data showed on Thursday.
  
  Read more

• Argentina confident after first bond in 15 years

  21-04-2016 23:52
  NEW YORK, April 21 (IFR) - In raising US$16.5bn in the
  largest emerging markets bond ever, Argentina finally ended its
  long-running legal battle with creditors and sloughed off its
  status as market...
  
  Read more

• REFILE-UPDATE 1-Visa drops earn-out portion of Visa Europe deal, cuts forecast

  21-04-2016 23:47
  
  April 21 (Reuters) - Visa Inc, the world's largest
  payments network operator, said it increased the cash
  consideration of its deal to buy Visa Europe and eliminated the
  earn-out portion.
  
  Read more

• Advertisement

• REFILE-Visa's quarterly profit rises 10 pct, amends Visa Europe deal

  21-04-2016 23:46
  April 21 (Reuters) - Visa Inc, the world's largest
  payments network operator, said it amended its deal to buy
  former subsidiary Visa Europe to eliminate the earn-out portion.
  
  Read more

• Google's parent Alphabet misses Wall Street view

  21-04-2016 23:30 via news.yahoo.com
  
  Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday, driving shares of the Web search company down more than 4 percent in late trading on Thursday. Alphabet, the world's No.2 publicly traded company by market capitalization, said consolidated revenue rose to $20.26 billion from $17.26 billion. Rosenblatt Securities analyst Martin Pyykkonen said the effect of foreign currency was worse for Alphabet than expected.
  
  Read more

• UPDATE 5-Solar developer SunEdison in bankruptcy as aggressive growth plan unravels

  21-04-2016 23:25
  
  April 21 (Reuters) - SunEdison Inc, once the
  fastest-growing U.S. renewable energy company, filed for Chapter
  11 bankruptcy protection on Thursday after a short-lived but
  aggressive binge of...
  
  Read more

• GLOBAL MARKETS-Oil falls on output concern; U.S. stocks down

  21-04-2016 23:19
  
  * Oil prices fall on producer talk(Updates prices, adds U.S. closing level prices)
  
  Read more

• Advertisement

• BRIEF-Enterprise Bancorp says rights and community-based common stock offerings

  21-04-2016 23:14
  * Announces Rights And Community-Based common stock
  offerings
  
  Read more

• CANADA FX DEBT-C$ weakens on lower oil, position squaring ahead of data

  21-04-2016 23:12
  (Adds analyst quotes, updates prices)* Canadian dollar ended at C$1.2727, or 78.57 U.S. cents* Bond prices lower across maturity curve By Fergal SmithTORONTO, April 21 (Reuters) -...
  
  Read more

• BRIEF-Yum! Brands Inc announces new securitization financing facility

  21-04-2016 23:11
  * Yum! Brands Inc announces new securitization financing
  facility
  
  Read more

• Wall Street cedes ground after mixed bag of earnings

  21-04-2016 23:10 via news.yahoo.com
  
  Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.
  
  Read more

• AMD revenue beats, company signs $293 million licensing agreement

  21-04-2016 23:08 via news.yahoo.com
  (Reuters) - Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd (THATIC), an investment unit of Chinese Academy of Sciences. The company has been struggling with weak demand from China, its biggest market,
  
  Read more

• US stock indexes close lower as market snaps 3-day rally

  21-04-2016 23:04 via news.yahoo.com
  
  A steep slide in traditional safe-play stocks such as phone companies and utilities weighed on Wall Street Thursday, snapping a three-day winning streak for the market.
  
  Read more

• UPDATE 1-Visa drops earn-out portion of Visa Europe deal, cuts forecast

  21-04-2016 22:59
  
  April 18 (Reuters) - Visa Inc, the world's largest
  payments network operator, said it increased the cash
  consideration of its deal to buy Visa Europe and eliminated the
  earn-out portion.
  
  Read more

• Microsoft reports weak results despite turnaround effort

  21-04-2016 22:49 via news.yahoo.com
  In a sign that Microsoft is still finding its way in the post-PC era, the tech giant reported a surprise drop in quarterly sales and profit. Wall Street was expecting the company to show positive results ...
  
  Read more

• EU lauds Greece on economy ahead of eurozone talks

  21-04-2016 22:49 via news.yahoo.com
  
  The economy in Greece has performed "substantially better" than forecast in its massive bailout deal, the EU said on Thursday, a day ahead of a key meeting of eurozone finance ministers to discuss the rescue. Greece and officials from the EU, ECB and IMF are locked in crunch talks in Athens to close a review of the 86-billion-euro bailout, in time for talks by the eurozone's 19 finance ministers in Amsterdam on Friday. This was "indeed substantively better than the (bailout) programme’s fi
  
  Read more

• US STOCKS-Wall Street cedes ground after mixed bag of earnings

  21-04-2016 22:38 via news.yahoo.com
  Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line. ...
  
  Read more

• SunEdison seeks examiner to probe recent transactions

  21-04-2016 22:29
  April 21 (Reuters) - SunEdison Inc asked a U.S.
  bankruptcy judge on Thursday to appoint an independent examiner
  to review recent transactions, although the company said it is
  not aware of any...
  
  Read more

• Venezuela to ration power four hours a day for 40 days

  21-04-2016 22:20 via news.yahoo.com
  
  Recession-hit Venezuela will turn off the electricity supply in its 10 most populous states for four hours a day for 40 days to deal with a severe power shortage, the government said Thursday. It is the latest drastic measure to alleviate a severe electricity crisis which President Nicolas Maduro and his government blame on a drought caused by the El Nino weather phenomenon. Maduro is under growing pressure from the center-right opposition, which vowed to oust him when it took control of the leg
  
  Read more

• Visa's quarterly profit rises 10 pct, amends Visa Europe deal

  21-04-2016 22:14
  April 18 (Reuters) - Visa Inc, the world's largest
  payments network operator, said it amended its deal to buy
  former subsidiary Visa Europe to eliminate the earn-out portion.
  
  Read more

• TSX falls as financial and consumer stocks retreat

  21-04-2016 22:14 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock market index fell on Thursday as losses for financial and consumer stocks offset gains for resource stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 30.09 points, or 0.22 percent, at 13,881.20. Six of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Diane Craft)
  
  Read more

• Google parent Alphabet profit and revenue misses expectations

  21-04-2016 22:09 via news.yahoo.com
  By Deborah M. Todd and Narottam Medhora (Reuters) - Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday, driving sha...
  
  Read more

• COLUMN-The unsustainable lightness of zero-weighted sovereign debt: James Saft

  21-04-2016 22:06
  April 21 (Reuters) - Forcing banks to account properly for
  the risks of their government bond holdings is one of those
  ideas, unassailable in theory, which tends towards the
  nightmarish in practice.
  
  Read more

• US STOCKS SNAPSHOT-Wall St snaps 3-day win streak on mixed earnings

  21-04-2016 22:02 via news.yahoo.com
  Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line. ...
  
  Read more

• TREASURIES-Yields rise as oil, Greece reduce safe-haven bid

  21-04-2016 21:25
  (Adds details on auction, quotes, updates prices)* Yields rise to more than three-week highs* Rising risk appetite reduces demand for U.S. bonds* Treasury sell $16 bln 5-year TIPS to...
  
  Read more

• GM profits more than double on record N. America earnings

  21-04-2016 21:16 via news.yahoo.com
  
  DETROIT (AP) — General Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America.
  
  Read more

• Venezuela announces daily, nationwide power cuts on drought

  21-04-2016 21:13 via news.yahoo.com
  
  Venezuela will begin cutting electricity supplies amid a prolonged drought that has limited power generation, the electricity minister said on Thursday, an unpopular measure for a population already struggling to obtain food and medicine. The rationing effort adds to the woes of President Nicolas Maduro, whose socialist administration is facing chronic problems in supplies of staple goods as low oil prices have stretched the OPEC nation's state-led economic model. "There will be restrictions," E
  
  Read more

• Kerry, Zarif to discuss U.S. sanctions relief for Iran on Friday: U.S.

  21-04-2016 21:11 via news.yahoo.com
  
  U.S. sanctions relief will be on the agenda when the Iranian and U.S. foreign ministers meet on Friday amid Tehran's complaints it has been slow to benefit from last year's Iran nuclear deal, the U.S. State Department said. Under the July 14 nuclear deal, formally called the Joint Comprehensive Plan of Action (JCPOA), Iran agreed to restrain its nuclear program in exchange for relief from economic sanctions that had crippled its oil-dependent economy. U.S. Secretary of State John Kerry and Irani
  
  Read more

• Southwest would consider new variant of Boeing 737 jet: COO

  21-04-2016 20:50 via news.yahoo.com
  
  The Wall Street Journal reported earlier that Boeing is considering whether to build a replacement of the smallest 737 MAX jet that could fly farther and fend off competition from Bombardier Inc's fledgling CSeries aircraft. Boeing is locked in a fierce battle for market share with Airbus Group SE, which has outsold it recently in narrowbody jets. However, both manufacturers are anxious to protect their jet market duopoly against newcomers like Canada's Bombardier, which looks poised to win
  
  Read more

• Gap in death rates between rich and poor young Americans narrows: study

  21-04-2016 20:46 via news.yahoo.com
  
  Death rates for U.S. infants, children, teenagers and young adults are falling, particularly among those in poor regions, likely due to social policies that have helped the most disadvantaged families, researchers said on Thursday.Their study, using county-level U.S. Census Bureau data from 1990 to 2010, found that even with persistent economic inequality among Americans, the gaps in death rates and life expectancy between rich and poor young people have narrowed. "The health of the next generat
  
  Read more

• US STOCKS-Wall Street retreats after mixed bag of earnings

  21-04-2016 20:41 via news.yahoo.com
  Wall Street retreated on Thursday, heading for its first loss in four sessions after a mixed bag of quarterly reports and a warning by Verizon Communications (Xetra: 868402 - news) that a strike by workers would likely impact its bottom line. Tech heavyweights Alphabet (Xetra: ABEA.DE - news) and Microsoft (Euronext: MSF.NX - news) were set to hand in their results after the bell. Weighing most on the S&P 500, Verizon (NYSE: VZ - news) 's shares slumped 4.3 percent after the company said a s
  
  Read more

• Blackstone eyes bargains after first quarter earnings miss forecast

  21-04-2016 20:32 via news.yahoo.com
  
  Blackstone Group, the world's largest alternative asset manager, on Thursday posted unexpectedly weak earnings growth between January and March, hit by a difficult financial market, but it promised to scour for bargains in a tough environment. The earnings report resonated with a cooldown in private equity dealmaking this year, as the market for high-yield bonds and loans, the lifeblood of private equity, struggles to recover after stumbling late last year. New York-based Blackstone said its eco
  
  Read more

• Key takeaways from European Central Bank meeting

  21-04-2016 20:05 via news.yahoo.com
  
  FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi made it clear Thursday he is ready to launch even more stimulus if the eurozone economy needs it.
  
  Read more

• Viacom shares soar after deal to renew Dish contract

  21-04-2016 19:58
  
  (Reuters) - Viacom Inc said on Thursday it has renewed a multiyear distribution contract with satellite TV provider Dish Network Corp, lifting the media company's shares over 11 percent.
  
  Read more

• Vatican suspends PwC audit

  21-04-2016 19:58 via news.yahoo.com
  
  The Vatican suspended an audit of its finances by PricewaterhouseCoopers (PwC), it said on Thursday, a decision sources said was taken to determine if there were irregularities in the contract. Vatican sources said the Secretariat of State, the top department in the Vatican bureaucracy, sent letters last week to all departments informing them of the suspension. At issue is whether proper procedures were followed when the contract, reportedly worth $3 million, was signed by the Secretariat of the
  
  Read more

• Draghi defends ECB as Merkel enters low-rates debate

  21-04-2016 19:46 via news.yahoo.com
  
  The head of the ECB robustly defended its cheap money policy on Thursday against sharp criticism from Germany, as the country's leader entered a debate that has driven a wedge between the euro zone's central bank and its biggest economy. Mario Draghi said the ECB's policy of printing money and keeping borrowing costs at rock bottom was working, adding that interest rates would stay at current record lows for a long time. Emphasizing the bank's right to independence from political interference, D
  
  Read more

• Ferragamo says CEO Norsa to leave post by end of 2016

  21-04-2016 19:26 via news.yahoo.com
  
  Salvatore Ferragamo's Chief Executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the Italian luxury goods maker, the company said in a statement on Thursday. The change comes only a month after Ferragamo announced that its creative director Massimiliano Giornetti had stepped down. Norsa joined Ferragamo as CEO in 2006 and led the company during its 2011 stock market listing.
  
  Read more

• Weak earnings, drop in oil weigh on Wall Street

  21-04-2016 19:09 via news.yahoo.com
  
  A slew of mixed earnings reports by bellwethers and a drop in oil prices piled pressure on stocks with the three major indexes trading slightly lower on Thursday. Crude fell about 1 percent, but hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in 25 years. A recent rebound in oil, better-than-expected corporate results and a cautious Federal Reserve have pushed the S&P 500 to striking distance of its life-high of
  
  Read more

• Kering's Gucci sales growth slows in first quarter, below expectations

  21-04-2016 19:06 via news.yahoo.com
  
  French luxury group Kering's flagship Gucci brand posted a lower-than-expected rise in first-quarter sales on Thursday amid a difficult environment for the luxury sector. Gucci posted 3.1 percent growth in comparable sales, below analysts' expectations of 5 to 6 percent and slowing from 4.8 percent growth in the last quarter of 2015. The luxury goods industry has had a difficult start to the year, partly due to the Chinese economic slowdown and a sharp drop in tourist traffic in shopping hotspot
  
  Read more

• As queen turns 90, report values British monarchy at $84 billion

  21-04-2016 18:55 via news.yahoo.com
  
  The value of the British monarchy stands at around $84 billion (£58.6 billion), according to a report released on Thursday as Queen Elizabeth marked her 90th birthday. Consultancy Brand Finance estimated the figure of 58.4 billion pounds by adding 21 billion pounds of tangible assets like the Royal Collection treasure trove, private estates and the Crown Estate to 37.4 billion pounds of intangible assets, namely the monarchy's long term contribution to the economy. Estimates of the British
  
  Read more

• Britain's EU membership 'mutually beneficial': Draghi

  21-04-2016 18:53 via news.yahoo.com
  
  European Central Bank chief Mario Draghi pressed the case for Britain to stay in the EU on Thursday, warning that doubts over its membership are already buffeting the markets. Draghi vowed to keep touting the benefits of Britain's EU membership ahead of a knife-edge June 23 vote that could lead to the country's exit, or Brexit, with far-reaching economic consequences. "Let me say unequivocally that we view the participation of the UK to the European Union as mutually beneficial and we will conti
  
  Read more

• Strike to pressure Verizon earnings; Q1 net income meets estimates

  21-04-2016 18:21 via news.yahoo.com
  
  Verizon Communications Inc said an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter, even as it reported first-quarter net income that met analyst expectations amid strong tablet sales. Shares of Verizon, the No. 1 U.S. wireless carrier, fell 3.4 percent to $49.99 at midday on Thursday. If the strike, now in its second week, continues for an extended period of time, it could pressure full-year earnings, Chief Financial Officer Fran Shammo said in an int
  
  Read more

• Qatar First Bank (QFB) announces second Qatar share float since 2010

  21-04-2016 18:01 via news.yahoo.com
  Qatar First Bank (QFB) will list shares on the Qatar exchange on Sunday, a bourse statement said, in what will be only the second flotation on Qatar's stock market since 2010. The sharia-compliant financial institution which has long been linked with a flotation has only put its shares onto the bourse to trade and will raise no new money from the event, the bank's chief executive Ziad Makkawi told Reuters. The reference price of the shares will be QR 15 on the opening day with a fluctuation of 3
  
  Read more

• General Motors profits more than double on record North America earnings

  21-04-2016 17:46 via news.yahoo.com
  General Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America. After paying $60 million to settle stockholder lawsuits over an ignition switch debacle, GM earned $1.26 per share. GM nearly broke even in Europe for the quarter, made strong profits in China and narrowed its losses in challenging South America en route to record pretax profits of $2.7 billion for a first-quarter.
  
  Read more

• U.S. jobless claims hit 42-1/2-year low as labor market firms

  21-04-2016 17:38 via news.yahoo.com
  
  The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary. This, together with labor market buoyancy bodes well for a pick-up in economic growth in the second quarter. "The labor market continues to improve.
  
  Read more

• BRIEF-Viacom and Dish agree to multi-year renewal

  21-04-2016 17:08
  * Select Viacom live and video-on-demand content to join
  Sling TV single- and multi-stream services
  
  Read more

• UPDATE 4-Strike to pressure Verizon earnings; Q1 net income meets estimates

  21-04-2016 17:07
  
  April 21 (Reuters) - Verizon Communications Inc said
  an ongoing strike by its wireline workers was expected to hurt
  earnings in the current quarter, even as it reported
  first-quarter net income that...
  
  Read more

• CANADA STOCKS-TSX seesaws as financials weigh

  21-04-2016 17:06
  TORONTO, April 21 (Reuters) - Canada's main stock seesawed
  on Thursday as losses for financial sector stocks offset gains
  for the materials group.
  
  Read more

• Union Pacific CEO: falling freight could push 2016 capex lower

  21-04-2016 17:05
  CHICAGO, April 21 (Reuters) - No. 1 U.S. railroad Union
  Pacific Corp said on Thursday that it was trimming its
  planned capital expenditures for 2016 by 2 percent and could
  further cut investments...
  
  Read more

Follow @FinanceUSA_News on Twitter!