Finance news

• UPDATE 2-France orders Microsoft to stop collecting excessive user data

  20-07-2016 23:51
  
  * Microsoft ordered to stop tracking Windows users without
  consent
  
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• BRIEF-Valmont Industries Q2 earnings per share $1.85

  20-07-2016 23:51
  
  * Valmont industries inc says "we see continued downward
  pressure in irrigation market"
  
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• BRIEF-Home Bancshares raises third-quarter dividend

  20-07-2016 23:50
  
  * Declared a regular $0.09 per share quarterly cash dividend
  payable August 31, 2016Source text for Eikon:Further company coverage:
  
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• Brazil central bank holds steady on high interest rate

  20-07-2016 23:50 via news.yahoo.com
  
  Brasília (AFP) - Brazil's central bank left unchanged Wednesday its benchmark interest rate as Latin America's largest economy remains mired in recession and high inflation. The central bank, as expected, kept the key Selic rate at 14.25 percent, where it has been pegged for a year to support the flailing economy. The meeting of the Central Bank Monetary Policy Committee (Copom) was the first one headed by the new market-friendly central bank governor, Ilan Goldfajn.
  
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• BRIEF-SL Green Realty Q2 FFO per share $3.41

  20-07-2016 23:49
  
  * Combined same-store cash NOI increased 8.4 percent for
  first six months of 2016 as compared to same period in prior
  year
  
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• BRIEF-Choice Properties Real Estate qtrly FFO per unit $0.249

  20-07-2016 23:47
  
  July 20 (Reuters) - Choice Properties Real Estate Investment
  Trust :
  
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• BRIEF-Urstadt Biddle Properties buys shopping center in Stamford, CT

  20-07-2016 23:46
  
  * Purchase was funded with a $22.6 million mortgage secured
  by property with an affiliate of Voya Financial Services
  
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• WRAPUP 4-Turkey's Erdogan declares state of emergency after coup bid

  20-07-2016 23:44
  
  * Erdogan says still working to cleanse the military of
  "virus" State of emergency to last three months
  
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• BRIEF-Codorus Valley Bancorp Q2 earnings per share $0.38

  20-07-2016 23:44
  
  * Codorus Valley Bancorp Inc reports second quarter 2016
  earnings
  
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• Creditors sue Puerto Rico leaders, allege violation of new U.S. law

  20-07-2016 23:43
  
  SAN JUAN, July 20 (Reuters) - Holders of Puerto Rico's most
  senior public debt sued the cash-strapped U.S. territory on
  Wednesday, saying it siphoned money away from bondholders in
  breach of a new...
  
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• BRIEF-Axalta buys United Paint's automotive thermoplastics coatings business

  20-07-2016 23:43
  
  * Axalta Coating Systems acquires united paint's automotive
  interior rigid thermoplastics coatings business
  
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• American Express 2Q earnings jump, helped by Costco sale

  20-07-2016 23:21 via news.yahoo.com
  
  NEW YORK (AP) — American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards.
  
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• BRIEF-Seventy Seven Energy Inc says plans to emerge from Chapter 11

  20-07-2016 23:15
  
  * Debtors plan to emerge from chapter 11 on or about august
  1, 2016
  
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• Platinum Partners to liquidate two main funds amid government probes

  20-07-2016 22:59
  
  NEW YORK (Reuters) - Platinum Partners has hired an independent monitor to oversee the liquidation of its two main hedge funds amid investigations by U.S. authorities, according to a letter sent to...
  
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• BRIEF-Eagle Bancorp qtrly net interest income $63.8 mln

  20-07-2016 22:59
  
  * Qtrly net interest income $63.8 million versus $57.6
  millionSource text for Eikon:Further company coverage:
  (Bengaluru Newsroom: +1-646-223-8780)
  
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• BRIEF-Horace Mann estimates impact of Q2 severe weather

  20-07-2016 22:58
  
  * Estimate represents 17 to 18 percentage points on co's
  estimated q2 combined ratio, or about $0.42 to $0.44 per share
  after tax
  
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• BRIEF-FMC Technologies Q2 earnings per share $0.01

  20-07-2016 22:58
  
  * Qtrly backlog for company was $3.4 billion, including
  subsea technologies backlog of $2.9 billion
  
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• UPDATE 3-Bank of England sees no clear evidence Brexit has hurt economy yet

  20-07-2016 22:57
  
  * Uncertainty up but most don't plan to cut jobs or
  investment
  
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• Scorcese film on corruption swept up in financial scandal

  20-07-2016 22:57 via news.yahoo.com
  
  A small Hollywood studio behind Martin Scorcese's stinging movie about greed on Wall Street has been swept up in a multi-billion dollar financial scandal tied to the prime minister of Malaysia. Red Granite Pictures, which produced "The Wolf of Wall Street," starring Leonardo DiCaprio, was named on Wednesday in a federal complaint that alleges the studio took part in a money laundering scheme by an investment and development company called 1MDB. The investment fund is owned by the government of M
  
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• Morgan Stanley CEO Gorman says he has 'no clue' on Brexit impact

  20-07-2016 22:57
  
  (Reuters) - Morgan Stanley Chief Executive James Gorman said on Wednesday he has "no clue" how the bank should allocate employees in Europe following Britain's vote to leave the European Union.
  
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• BRIEF-Preferred Bank says Q2 earnings per share $0.61

  20-07-2016 22:57
  
  * Q2 earnings per share view $0.58 -- Thomson Reuters
  I/B/E/S
  
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• BRIEF-Hexcel Q2 earnings per share $0.70

  20-07-2016 22:57
  
  * Sees fy free cash flow of $20-$60 million including
  accrual basis capital expenditures of $280-$320 million
  
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• BRIEF-Fairmount Santrol announces offering of common stock

  20-07-2016 22:57
  
  * Fairmount Santrol announces proposed offering of common
  stock
  
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• UPDATE 3-U.S. okays AB InBev deal for SABMiller, adds craft beer protections

  20-07-2016 22:56
  
  NEW YORK, July 20 (Reuters) - U.S. antitrust regulators
  approved on Wednesday a $107 billion deal to combine the world's
  top two brewers, Anheuser-Busch InBev and SABMiller
  , after securing an...
  
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• BRIEF-Symantec entered into amendment to credit agreement

  20-07-2016 22:56
  
  * On July 18, 2016, co entered into amendment agreement,
  dated as of July 18, 2016 to credit agreement, dated as of may
  10, 2016
  
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• Top U.S. vehicle safety regulator stands by self-driving cars

  20-07-2016 22:55
  
  SAN FRANCISCO/WASHINGTON July 20 (Reuters) - The top U.S.
  auto safety regulator said the government will not abandon
  efforts to speed the development of self-driving cars, despite a
  fatal accident...
  
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• S&P, Dow stay on record-setting run; dollar firm

  20-07-2016 22:45 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices recovered from a two-month low aft
  
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• Rockers launch tour to derail Pacific trade pact

  20-07-2016 22:38 via news.yahoo.com
  
  Rockers led by Tom Morello on Wednesday announced a tour around the United States to derail the Trans-Pacific Partnership, a proposed trade deal that would span Asia and the Americas. President Barack Obama has made ratification of the pact, which would cover 40 percent of global GDP and include economic powerhouses such as Japan, a key priority in his final months in office. The "Rock Against the TPP" tour will kick off Saturday in Denver and feature Morello, best known as the guitarist for lef
  
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• Vancouver worries Airbnb is aggravating housing shortage

  20-07-2016 22:33 via news.yahoo.com
  
  Vancouver's city council launched Wednesday a review of the municipal regulations on short-term rentals like Airbnb, a platform accused of driving up real estate prices. "We're working to better understand the economic benefits of short-term rentals, as well as the potential impact of short-term tourist rentals on the supply and price of long term rental housing for Vancouver residents," said the council in a statement. Vancouver is experiencing a housing crisis and soaring prices — often
  
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• Microsoft helps Wall Street to another day of record highs

  20-07-2016 22:26 via news.yahoo.com
  
  Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared. Microsoft shares surged 5.3 percent after the software giant posted sharp growth in its cloud computing business.
  
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• Mattel beats sales estimates as Barbie makes a comeback

  20-07-2016 22:07
  
  July 20 (Reuters) - Mattel Inc, the largest U.S.
  toymaker, reported better-than-expected quarterly sales, driven
  by strong demand for its flagship Barbie dolls.
  
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• Microsoft leads Wall Street to fresh record highs

  20-07-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street gained on Wednesday, and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted indexes and gave the latest sign that U.S. corporate earnings season may be less dour than feared. The Dow Jones industrial average rose 36.09 points, or 0.19 percent, to 18,595.1, the S&P 500 gained 9.24 points, or 0.43 percent, to 2,173.02 and the Nasdaq Composite added 53.56 points, or 1.06 percent, to 5,089.93. (Reporting by Lewis Krauskop
  
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• Microsoft leads Wall St. to fresh record highs

  20-07-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street gained on Wednesday, and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted indexes and gave the latest sign that U.S. corporate earnings season may be less dour than feared.
  
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• TREASURIES-Yields climb in light volume as risk appetite rises

  20-07-2016 21:58
  
  * U.S. stocks gain, weigh on Treasuries* Growing expectations of Fed hike in December boosts yields(Adds comment, updates prices)By Gertrude Chavez-DreyfussNEW YORK, July 20...
  
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• UPDATE 1-Southwest Airlines says investigating technical issues

  20-07-2016 21:57
  
  July 20 (Reuters) - Southwest Airlines Co is
  investigating technical issues impacting all its online
  platforms, the company tweeted on Wednesday.
  
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• U.S. sues to seize $1 billion in assets tied to Malaysian state fund

  20-07-2016 21:56 via news.yahoo.com
  
  By Julia Edwards WASHINGTON (Reuters) - U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister Najib Razak and used to finance the Hollywood film "Wolf of Wall Street" and to buy property and famous works of art. Civil lawsuits filed in federal court did not name Najib, referring instead to "Malaysian Official 1." Some of the allegati
  
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• Oaktree places stake in real estate group Alstria Office -sources

  20-07-2016 21:56
  
  FRANKFURT, July 20 (Reuters) - U.S. investor Oaktreehas reduced its stake in German real estate group Alstria Office
  by placing 10.72 million shares, a stake of seven
  percent, with institutional...
  
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• Goldman Sachs under spotlight in Malaysian fund scandal

  20-07-2016 21:54
  
  NEW YORK, July 20 (Reuters) - Goldman Sachs' work
  with Malaysian sovereign wealth fund 1MDB is under the spotlight
  over U.S. government allegations that billions of dollars were
  diverted for the...
  
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• S&P, Dow hit records; dollar inches to four-month high

  20-07-2016 21:53 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and Standard & Poor's 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices recovered from a two
  
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• U.S. research agency launches money fund data tool

  20-07-2016 21:52
  
  (Reuters) - The U.S. Office of Financial Research, a government agency which conducts independent financial research and analysis, said on Wednesday it launched an online tool that allows investors...
  
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• UPDATE 3-U.S., Enbridge reach $177 million pipeline spill settlement

  20-07-2016 21:52
  
  WASHINGTON, July 20 (Reuters) - Canadian pipeline operator
  Enbridge Inc has agreed to pay $177 million in
  penalties and improved safety measures in a settlement with the
  U.S. government tied to one...
  
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• UPDATE 2-Brazil state could ban dam design used at Samarco mine

  20-07-2016 21:52
  
  RIO DE JANEIRO, July 20 (Reuters) - A Brazilian state law to
  ban upstream tailings dams, the design used at a dam that
  collapsed at the Samarco iron ore mine in November, could be
  approved this year,...
  
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• UPDATE 4-U.S. sues to seize $1 bln in assets tied to Malaysian state fund

  20-07-2016 21:51
  
  * Malaysian people 'defrauded on an enormous scale' -FBI(New throughout with details of U.S. government's lawsuits,
  comments from prosecutors)
  
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• Tesla's data collection may help it deflect Autopilot liability

  20-07-2016 21:51
  
  NEW YORK, July 20 (Reuters) - The large volume of data Tesla
  Motors Inc collects from its cars on the road has armed
  it with information to publicly counter, and possibly legally
  defend, claims about...
  
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• UPDATE 1-U.S. research agency launches money fund data tool

  20-07-2016 21:50
  
  July 20 (Reuters) - The U.S. Office of Financial Research, a
  government agency which conducts independent financial research
  and analysis, said on Wednesday it launched an online tool that
  allows...
  
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• BRIEF-Corning unveils corning gorilla glass 5

  20-07-2016 21:50
  
  * Corning gorilla glass 5 is commercially available, is
  expected to be on product models from later this yearSource text for Eikon:Further company coverage:
  (Bengaluru Newsroom; +1 646 223...
  
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• On anniversary, U.S. and Cuba cite progress toward closer ties

  20-07-2016 21:30 via news.yahoo.com
  
  U.S. President Barack Obama also made a historic trip to the island in March. "I expected more since Obama's visit, but salaries are still low, the economy is blocked and more and more young people are choosing to emigrate," said Ricardo Fernandez, 34. While Obama has made it clear he would like to lift this, his room for maneuver has been limited by the Republican-controlled Congress.
  
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• Lufthansa scraps profit goal as attacks hit bookings

  20-07-2016 21:22 via news.yahoo.com
  
  Lufthansa , Germany's largest airline, on Wednesday cut its full-year profit target, saying advance bookings to Europe had declined significantly due to "terrorist attacks in Europe and to greater political and economic uncertainty". The company now expects adjusted earnings before interest and tax (EBIT) to fall this year, having previously expected it to be slightly higher compared with 2015. With the announcement, Lufthansa joins other major European airlines such as British Airways owner IAG
  
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• UPDATE 1-Brazil does not need additional spending freeze now -sources

  20-07-2016 21:03
  
  BRASILIA, July 20 (Reuters) - Brazil's government will not
  make an immediate spending freeze to meet this year's fiscal
  goals, which already reflect a drop in revenues amid a crippling
  recession,...
  
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• Halliburton signals better demand for fracking equipment

  20-07-2016 21:01
  
  July 20 (Reuters) - Halliburton Co indicated that
  demand for its fracking equipment was returning, despite the
  fewer number of rigs at work, as high-intensity shale drilling
  soaked up all the...
  
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