Finance news

• Puerto Rico has tentative deal with some bondholders - Bloomberg

  22-04-2016 23:52
  April 22 (Reuters) - Puerto Rico's Government Development
  Bank reached a tentative agreement with about half of its
  creditors, Bloomberg reported on Friday, in an effort to keep
  negotiations out of...
  
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• Yen drops on rate cut talk; oil climbs, stocks steady

  22-04-2016 23:19 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady. The dollar rose more than 2.0 percent against the yen to 111.80 yen, its highest level since April 1 after a media report said the BOJ is considering expanding its negative rate policy to bank
  
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• Safeguards for U.S. Treasuries may disrupt other markets: report

  22-04-2016 23:13
  
  NEW YORK (Reuters) - Measures intended to control extreme swings in the U.S. Treasury market might end up hurting other markets and erode investor confidence in U.S. government bonds as a safe haven,...
  
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• BRIEF-SunEdison receives court approval of first day motions

  22-04-2016 23:13
  * SunEdison Inc says "some of these motions" were granted on
  an interim basis and bankruptcy court has scheduled a final
  hearing for May 10, 2016
  
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• Enough with the earnings: SEC may reduce company reports

  22-04-2016 23:05 via news.yahoo.com
  NEW YORK (AP) — Four times a year there's a kind of parade on Wall Street: companies announce their quarterly earnings, all in a row, with the banks first, then the tech companies, and the retailers bringing up the rear. Stocks can rise or plunge based on the results. And three months later it all happens again.
  
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• US stock indexes end mixed as investors size up earnings

  22-04-2016 22:58 via news.yahoo.com
  
  A rebound in the price of oil and natural gas helped drive sharp gains for energy and financial companies, nudging U.S. stocks mostly higher Friday.
  
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• UPDATE 4-Dell SecureWorks, 2016's first tech IPO, fizzles on Wall St

  22-04-2016 22:54
  
  April 22 (Reuters) - The lackluster market debut of
  SecureWorks Corp, the cyber unit of Dell Inc, failed to
  rally the battered technology U.S. IPO market on Friday, a
  reminder that Wall Street does...
  
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• Speculators have net dollar short positions for first time since May: CFTC and Reuters

  22-04-2016 22:42
  (Reuters) - Speculators turned negative on the U.S. dollar this week, with more investors in the global currency market taking short positions against the dollar than long positions, for the first...
  
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• Wall Street ends flat; Alphabet and Microsoft tumble

  22-04-2016 22:31 via news.yahoo.com
  
  Wall Street finished flat on Friday after disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks, while a surge in oil prices lifted energy shares. Microsoft dropped 7.17 percent, contributing the biggest drag to the S&P 500, and Google-parent Alphabet lost 5.41 percent as investors punished both companies for missing profit and revenue estimates. It was Alphabet's worst day since 2012.
  
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• US STOCKS-Wall Street ends flat; Alphabet and Microsoft tumble

  22-04-2016 22:29 via news.yahoo.com
  Wall Street finished flat on Friday after disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks, while a surge in oil prices lifted energy shares. The S&P technology sector dropped ...
  
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• Wall Street ends flat as tech shares weigh

  22-04-2016 22:03 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended near flat on Friday after disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and offset a surge in oil prices that lifted energy shares.
  
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• US stocks mixed as investors size up earnings

  22-04-2016 21:47 via news.yahoo.com
  
  U.S. stock indexes wavered between small gains and losses in late-afternoon trading Thursday as investors sized up the latest crop of company earnings. Technology sector companies lagged the market and were down sharply on disappointing earnings from Microsoft, Google parent Alphabet and other big names. Energy and financial companies were among the biggest gainers as the price of oil rebounded.
  
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• Canada's Caisse to invest C$3 billion in Montreal rail network

  22-04-2016 21:32
  
  MONTREAL/TORONTO (Reuters) - Canadian pension fund Caisse de depot et placement du Quebec said on Friday that it would invest C$3 billion ($2.37 billion) in a new public transport network in...
  
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• Citigroup, U.S. Bancorp exit money-losing Brazil card venture

  22-04-2016 21:27
  
  SAO PAULO (Reuters) - Citigroup Inc and U.S. Bancorp have agreed to sell Brazilian card payment processing joint venture Elavon do Brasil to a local rival for an undisclosed sum, ending months of...
  
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• Investment funds buy $9.439 billion 10-year note in April: U.S. Treasury

  22-04-2016 21:03
  (Reuters) - Large investment managers bought $9.439 billion at a 10-year note auction held in April,
  
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• Dell SecureWorks, 2016's first tech IPO, fizzles on Wall St

  22-04-2016 20:55 via news.yahoo.com
  
  SecureWorks Corp's lackluster debut on Friday hardly registered as a victory for the battered technology IPO market, as the cyber unit of Dell Inc raised less than the company had sought in its public offering and saw its stock price dip. SecureWorks shares opened at $13.89 on Friday, below the $14 per-share price set Thursday. In the first U.S. technology IPO this year, ending the longest drought in seven years, many investors and cyber security entrepreneurs hoped SecureWorks would reinvigorat
  
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• Peru poverty rate fell at slower pace in 2015 as recovery stalled

  22-04-2016 20:51 via news.yahoo.com
  
  Peru's poverty rate fell more slowly in 2015 than in previous years, edging down a percentage point to 21.8 percent as a recovery in the mining nation stalled, government data showed on Friday. Greater gains were made in Peru's Andean and Amazonian regions, where the poverty rate fell by about 1.5 points but was still more than 15 points higher than along the populated coast. The economy recovered only slightly last year from a sharp slowdown in 2014, when prices for Peru's key mineral exports t
  
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• CORRECTED-UPDATE 2-Dell SecureWorks, 2016's first tech IPO, fizzles on Wall St

  22-04-2016 20:46
  April 22 (Reuters) - SecureWorks Corp's lackluster
  debut on Friday hardly registered as a victory for the battered
  technology IPO market, as the cyber unit of Dell Inc raised less
  than the company...
  
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• UPDATE 1-FDA staff forces advisory panel vote on Sarepta muscle drug

  22-04-2016 20:30
  April 22 (Reuters) - Sarepta Therapeutics Inc'smuscle wasting drug got a new lease of life on Friday after
  staff at the U.S. Food and Drug Administration made it necessary
  that an independent panel...
  
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• Wall Street inspects new pay proposal, wondering who will get dinged

  22-04-2016 20:29 via news.yahoo.com
  
  Wall Street bankers and traders are scrutinizing a new regulatory proposal that could restrict their pay for longer periods of time and require them to give back bonus money if deals, loans or trades they work on go bust. After regulators released the proposal on Thursday, [nL2N17O0WH] the industry was quickly abuzz trying to figure out whose pay might be affected, employees and recruiters said. "Everybody's talking about it and trying to figure out what all this entails," said Michael Karp, CEO
  
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• Wall Street mixed as Alphabet, Microsoft tumble

  22-04-2016 20:24 via news.yahoo.com
  
  Wall Street was mixed on Friday as disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and weighed against a surge in oil prices that lifted energy shares. Microsoft dropped 6.8 percent, contributing the biggest drag to the S&P 500, and Google's parent Alphabet lost 5.6 percent as investors punished both companies for missing profit and revenue estimates. Helped by a softer dollar and a recovery in oil prices, the S&P 500 has recovered from a steep selloff ear
  
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• SecureWorks raises $112 million in year's first technology IPO

  22-04-2016 20:23
  (Reuters) - Dell Inc's cyber security unit SecureWorks Corpraised $112 million in the first U.S. initial public offering of a technology company in 2016, less than it had hoped for, amid investor...
  
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• SunEdison plans to keep investments in Latam solar market

  22-04-2016 20:22
  
  SAO PAULO, April 22 (Reuters) - U.S. renewable energy
  company SunEdison Inc hopes to maintain its
  investments in Latin America's solar energy market despite
  filing for bankruptcy on Thursday, a...
  
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• Obama says European unity under strain from migration, could hurt U.S.

  22-04-2016 20:22 via news.yahoo.com
  U.S. President Barack Obama said on Friday that European unity was under strain from the flows of migrants pouring into the region and the United States could also suffer economically and strategically as a result. "I wouldn't describe European unity as in a crisis but I would say it is under strain," Obama told a joint news conference in London with British Prime Minister David Cameron. "We consider a major national security issue that you have uncontrolled migration into Europe, not because th
  
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• Yen falls on rate cut talk; profits hit U.S. stocks

  22-04-2016 20:11 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Speculation that the Bank of Japan could effectively start paying banks to borrow its cash caused the yen to tumble on Friday, while U.S. stocks fell on disappointing profit reports from some top companies. Shares of Google's parent, Alphabet, dropped 5.7 percent to $735.72, a day after it missed Wall Street targets for first-quarter profit and revenue, and shares of General Electric also were down following results. A Bloomberg report that Japan's c
  
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• Earnings drag Wall St. lower even as oil steadies

  22-04-2016 20:00 via news.yahoo.com
  
  Microsoft was the biggest drag on all three major indexes. The S&P 500 has staged a recovery from a steep selloff earlier this year and is inching toward its all-time high, helped also by a cautious Federal Reserve and companies beating tempered estimates. "Investors are looking for clarity on two major catalysts - earnings season and the Fed," said Adam Sarhan, chief executive of Sarhan Capital in New York.
  
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• Stock markets skid as car emissions saga widens

  22-04-2016 19:54 via news.yahoo.com
  
  Stock markets were subdued Friday after a torrid week for automakers with Germany's Daimler probing its vehicle emissions, Volkswagen announcing its first loss in 20 years and Mitsubishi suffering a rout. Daimler limited an initial 6.6 percent decline to 5.1 percent by the close in Frankfurt after the owner of Mercedes-Benz announced Thursday it was launching an internal investigation "into its certification process related to exhaust emissions in the United States" following a US Justice Depart
  
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• Obama says EU membership empowers UK, but emotional bond secure

  22-04-2016 19:29 via news.yahoo.com
  U.S. President Barack Obama said Britain's membership of the European Union empowers one of the United States' best friends, adding that the emotional bond between the two countries would still endure even if Britain left the European Union. "If one of our best friends is in an organization that enhances their influence and enhances their power and enhances their economy, then I want them to stay in it," Obama said at a news conference alongside Prime Minister David Cameron.
  
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• Top Comerica shareholders urge bank to explore sale: WSJ

  22-04-2016 19:25
  NEW YORK (Reuters) - Two of Comerica Bank'slargest shareholders want the regional lender to explore a sale, the Wall Street Journal reported on Friday.
  
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• Earnings drag Wall Street lower even as oil steadies

  22-04-2016 19:20 via news.yahoo.com
  
  Disappointing earnings reports from Microsoft and other major companies pushed Wall Street lower on Friday, overshadowing a surge in oil prices which lifted energy shares. Microsoft was the biggest drag on all three major indexes. The S&P 500 has staged a recovery from a steep selloff earlier this year and is inching towards its all-time high, helped also by a cautious Federal Reserve and companies beating tempered estimates.
  
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• Boston Beer slumps as Wall Street loses thirst

  22-04-2016 19:20 via news.yahoo.com
  Boston Beer Company shares slumped on Friday after the brewer of Sam Adams posted quarterly revenue below Wall Street's expectations and warned that it lost business to a growing legion of small craft brewers. In the March quarter, Boston Beer launched Samuel Adams Nitro White Ale, Samuel Adams Nitro IPA, Samuel Adams Nitro Coffee Stout and Samuel Adams Rebel Grapefruit IPA.
  
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• U.S. Medicare end-of-life counseling off to slow start

  22-04-2016 19:19
  
  CHICAGO, April 21 (Reuters) - Older patients want to talk with their doctors about how they will die, but are doctors ready to have the conversation?
  
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• Dell SecureWorks, 2016's first tech IPO, fizzles on Wall Street

  22-04-2016 19:07 via news.yahoo.com
  
  SecureWorks Corp's lackluster debut on Friday hardly registered as a victory for the battered technology IPO market, as the cyber unit of Dell Inc raised less than the company had sought in its public offering and saw its stock price dip. SecureWorks shares opened at $13.89 on Friday, below the $14 per-share price set Thursday. In the first U.S. technology IPO this year, ending the longest drought in seven years, many investors and cyber security entrepreneurs hoped SecureWorks would reinvigorat
  
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• UPDATE 4-All-day breakfast, promotions drive McDonald's profit beat

  22-04-2016 18:42
  
  * Shares rise about 2 pct premarket(Adds executive comment, market commentary, link to graphic)
  
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• EDF delays Hinkley Point decision to consult works council - sources

  22-04-2016 18:38 via news.yahoo.com
  
  French state-controlled utility EDF has delayed the final investment decision on its project to build two nuclear plants in Britain until after its May 12 shareholders' meeting in order to consult its works council about the plan, two sources familiar with the situation told Reuters. French Economy Minister Emmanuel Macron told parliament last month a final investment decision on the 18 billion pound (23 billion euro) UK project would be taken by early May. The sources said EDF Chief Executive J
  
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• Don't expect German criticism of the ECB to die down

  22-04-2016 18:37 via news.yahoo.com
  
  By Noah Barkin BERLIN (Reuters) - If you look at the facts, for Germany to lay into the European Central Bank makes little sense. Yes, the ECB's loose monetary policies are not ideal for the German economy at the moment.
  
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• GE sees pickup in healthcare equipment sales to China: CFO

  22-04-2016 18:31 via news.yahoo.com
  General Electric Co's healthcare equipment sales are picking up in China as a crackdown on corruption that had slowed new tenders tapers off, Chief Financial Officer Jeff Bornstein said on Friday. Power equipment sales to China also are strong, reflecting the country's need to build infrastructure, particularly with natural gas, hydro and wind generators, to meet strategic development plans, Bornstein said in an interview. China's slowing economic growth, coupled with anti-corruption measures, h
  
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• WRAPUP 3-Volkswagen takes $18 billion hit over emissions scandal

  22-04-2016 18:28
  
  WOLFSBURG/FRANKFURT, April 22 (Reuters) - Volkswagen (VW)
  said on Friday it would take a 16.2-billion-euro ($18.2 billion)
  hit to its 2015 results and slash its dividend to help pay for
  its...
  
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• KKR unit takes on Italian shipping company debt from banks

  22-04-2016 18:23
  MILAN, April 22 (Reuters) - Pillarstone Italy, owned by U.S
  private equity firm KKR, will take on the bulk of the
  debt owed by Italy's Premuda to a group of banks, in a first
  move that could make...
  
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• Yen falls on rate cut talk; earnings hit U.S. stocks

  22-04-2016 18:16 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Speculation that the Bank of Japan could effectively start paying banks to borrow its cash caused the yen to tumble on Friday, while U.S. stocks dropped on disappointing earnings reports from some top companies. Shares of Google's parent, Alphabet, dropped 5.9 percent to $733.81, a day after it missed Wall Street targets for first-quarter profit and revenue, and shares of General Electric also were down following results. A Bloomberg report that Japa
  
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• Britain's FTSE falls, ending three-week winning streak

  22-04-2016 18:14
  LONDON, April 22 (Reuters) - Britain's benchmark shares
  index fell on Friday as a drop in mining stocks and luxury goods
  group Burberry weighed on the market, which recorded
  its first weekly loss in...
  
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• West Virginia regulator says Alpha Natural asset sale may jeopardize cleanup

  22-04-2016 17:59
  CHICAGO (Reuters) - West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that...
  
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• W. Virginia regulator says Alpha Natural asset sale may jeopardize cleanup

  22-04-2016 17:54
  CHICAGO, April 22 (Reuters) - West Virginia's environmental
  authority opposes a plan by bankrupt coal miner Alpha Natural
  Resources to sell core assets to its hedge fund
  lenders, saying in a court...
  
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• American Stock Ownership Slides Back to Record Low

  22-04-2016 17:45 via news.yahoo.com
  
  It’s been a volatile year for equities, but while the major indexes are close to record highs, the percentage of Americans invested in the stock market is at a record low. Just 52 percent of Americans have any money in the stock market, according to a new Gallup poll. Stock ownership had ticked back up in 2014 and 2015 after falling every year from a 2007 high, when nearly two-thirds of Americans invested in the stock market.
  
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• Kenyan MPs seek higher deposit guarantee after bank closures

  22-04-2016 17:40 via news.yahoo.com
  Kenya's parliament is considering a proposal to raise the amount of bank deposits guaranteed in case of a collapse by 20 times to 2 million shillings ($19,800) per customer, the lawmaker who sponsored the amendment said on Friday. Depositors and investors in East Africa's largest economy were rattled on April 7 when the central bank took control of mid-sized Chase Bank after it failed to meet its obligations. Johnson Sakaja, a member of parliament from the ruling Jubilee coalition, told Reuters
  
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• Wall Street lower as earnings take sheen off oil surge

  22-04-2016 17:27 via news.yahoo.com
  
  Wall Street was lower on Friday after a slew of disappointing earnings reports from Microsoft and other major companies eclipsed a surge in oil prices which boosted energy shares. Microsoft was the biggest drag on all three major indexes. The S&P 500 has staged a recovery from a steep selloff earlier this year and is inching towards its all-time high, helped also by a cautious Federal Reserve and companies beating tempered estimates.
  
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• Wall St. lower as earnings take sheen off oil surge

  22-04-2016 17:25 via news.yahoo.com
  
  Microsoft was the biggest drag on all three major indexes. The S&P 500 has staged a recovery from a steep selloff earlier this year and is inching toward its all-time high, helped also by a cautious Federal Reserve and companies beating tempered estimates. "Investors are looking for clarity on two major catalysts - earnings season and the Fed," said Adam Sarhan, chief executive of Sarhan Capital in New York.
  
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• Analysts look past Starbucks vanilla numbers, focus on mobile push

  22-04-2016 17:15 via news.yahoo.com
  
  (Reuters) - Starbucks Corp's quarterly numbers may not have been enough to satisfy investors craving a stronger cup of joe, but analysts believe its long-term growth prospects remain solid. Shares of the world's largest coffee chain fell nearly 6 percent on Friday, a day after Starbucks reported second-quarter comparable sales growth below Wall Street's expectations. It has risen 16 percent from its 2016 low touched on Feb. 8, staying more expensive than shares of Dunkin Brands Group Inc and McD
  
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• UBI gears up for pivotal Tier 2 trade

  22-04-2016 17:09
  LONDON, April 22 (IFR) - UBI Banca is preparing to issue the
  year's first Italian Tier 2 bond in euros, in what will be a
  crucial test of appetite for subordinated debt from one of the
  country's...
  
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• GE underlying revenue falls, but company sticks to target

  22-04-2016 17:07 via news.yahoo.com
  
  By Alwyn Scott NEW YORK (Reuters) - General Electric Co reported lower first-quarter underlying revenue, citing weak sales of oil and gas drilling equipment, but it forecast a second-half upturn for power generation products that should help it meet its full-year target. Shares of the industrial conglomerate were down 1.5 percent after it said organic revenue, a closely watched figure that excludes foreign exchange and discontinued operations, fell 1 percent. Some analysts had said the top end o
  
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