Finance news

• BRIEF-Moody's revises Pennsylvania's outlook to stable from negative, affirms AA3 GO rating

  05-08-2016 23:45
  
  * Rating incorporates large tax base, moderate debt burden,
  progress toward improving funding of elevated pension
  liabilities
  
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• US stocks end at records after strong jobs report

  05-08-2016 23:42 via news.yahoo.com
  
  New York (AFP) - A strong US jobs report lifted Wall Street stocks to fresh records Friday and helped propel European equities higher.
  
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• Exclusive: Genesys in bid to buy Avaya's call center business - sources

  05-08-2016 23:39
  
  (Reuters) - Genesys Telecommunications Laboratories Inc, a U.S. provider of call center software, is in talks to acquire the contact center business that its peer Avaya Inc [AVXX.UL] is hoping to...
  
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• BRIEF-Advanced Disposal says maturity date with respect to $280 mln commitments under credit facility extends to Oct 2019

  05-08-2016 23:37
  
  * Waiver to the senior secured credit agreement dated as of
  october 9, 2012
  
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• BRIEF-Lightstream says Court Of Queen's Bench of Alberta issues interim order authorizing holding of special meetings of holders of shares, notes

  05-08-2016 23:35
  
  * Court of Queen's Bench Of Alberta issued interim order
  authorizing holding of special meetings of holders of shares,
  notesSource text for Eikon:Further company coverage:
  
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• BRIEF-California Resources says announces new $1 billion term loan

  05-08-2016 23:33
  
  * California resources corporation announces new $1 billion
  term loan
  
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• Vedanta Resources aims to close merger with Cairn India in early 2017

  05-08-2016 23:32
  
  LONDON (Reuters) - Mining and energy group Vedanta Resources expects to complete its merger with Cairn India early next year, a move that would boost the firm's financial strength, Vedanta's CEO said...
  
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• BRIEF-Elephant Talk failed timely payment of July employee payroll

  05-08-2016 23:30
  
  * Failed to make timely payment of July employee payroll and
  is therefore in breach of its obligations under its employment
  contracts
  
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• BRIEF-Hardwoods renews Canadian credit facility, extends for 5 years

  05-08-2016 23:25
  
  * Renewal of facility includes extending term of revolving
  credit facility for 5 years
  
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• Olympics-Brazil police use tear gas, stun grenades at Rio protest

  05-08-2016 23:20 via news.yahoo.com
  RIO DE JANEIRO, Aug 5 (Reuters) - Brazilian riot police used tear gas and stun grenades to disperse a small protest near the Maracana stadium that will host Friday's opening ceremony for the Olympic Games, Reuters television images showed. The protest, which grouped a few hundred people according to a Reuters witness, was against corruption and overspending on the Olympic Games, which are taking place during Brazil's worst economic downturn in decades. (Writing by Daniel Flynn; Editing by Mark B
  
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• BRIEF-Sunoco Logistics Partners says files for stock shelf of up to $1 billion

  05-08-2016 23:18
  
  * Says files for stock shelf of up to $1 billion - sec
  filingSource - http://bit.ly/2aHkc3X
  Further company coverage:
  
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• TSX rises to one-year high, helped by U.S. jobs data

  05-08-2016 23:17 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to a one-year high on Friday, led by financial and energy stocks after strong U.S. jobs data raised expectations for the growth outlook and for higher U.S. interest rates. "We saw some rotation out of the gold complex that is going directly back into the energy complex and some money that was also still looking for yield is staying within the financials," said Sid Mokhtari, director, institutional equity research, CIBC World Mark
  
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• Bumper U.S. jobs data boosts world stocks, dollar

  05-08-2016 22:49 via news.yahoo.com
  
  NEW YORK (Reuters) - Stocks and the dollar jumped on Friday on strong U.S. employment data that boosted expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year.
  
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• US stocks rise to record highs after strong jobs report

  05-08-2016 22:47 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks jumped to record highs Friday after a strong jobs report for the month of July gave investors more confidence that the economy is still growing. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year.
  
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• Apollo Global in talks to buy Constellis

  05-08-2016 22:30
  
  (Reuters) - Private equity firm Apollo Global Management LLCis in discussions to buy Constellis Holdings LLC, the owner of the U.S. military security services business formerly known as Blackwater,...
  
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• Payrolls power Wall Street to record high

  05-08-2016 22:27 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks notched their best day in a month on Friday, with the S&P 500 and Nasdaq closing at record highs after a second straight month of robust labour market data boosted optimism that economic growth is accelerating. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. The S&P 500 ended at 2,182.87, its eighth closing high of the year, powered by a 1.9 perce
  
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• S&P 500, Nasdaq end at records after strong US jobs data

  05-08-2016 22:19 via news.yahoo.com
  
  Wall Street stocks surged to fresh records Friday after a much stronger-than-expected July jobs report suggested the US economy is healthier than previously thought. The tech-rich Nasdaq Composite also set a record, up 1.1 percent at 5,221.12, while the Dow Jones Industrial Average jumped 1.0 percent to 18,543.53, only 12 points from its record. The Labor Department said the economy added 255,000 jobs in July, easily topping the analyst forecast for an increase of 185,000 payrolls.
  
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• Speculators pare net longs in U.S. 10-year T-notes: CFTC

  05-08-2016 21:52
  
  (Reuters) - Speculators reduced their net bullish bets on U.S. 10-year Treasury note futures from their highest levels since late 2012, according to Commodity Futures Trading Commission data released...
  
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• Again at highs, stocks to take cues from consumer

  05-08-2016 21:51 via news.yahoo.com
  
  Quarterly earnings reports from department store operators including Macy's, luxury goods companies such as Michael Kors and entertainment company Disney will set the tone for Wall Street, with investors also eying U.S. retail sales data due on Friday. "The consumer, in our mind, is a lever that could cause equities to trend higher," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. "Next week will be telling ... If retail sales suggest that spending is b
  
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• More Wall Street banks see one 2016 rate hike after strong jobs data - Reuters poll

  05-08-2016 21:48 via news.yahoo.com
  
  More top Wall Street banks expect the Federal Reserve to raise U.S. interest rates in 2016 after a strong July jobs report suggested a modest economic pick up in the second half following an anaemic first half, a Reuters poll conducted on Friday showed. Thirteen of 21 primary dealers, or firms that do business directly with the Fed, said the U.S. central bank would raise its target interest rate by a quarter percentage point by the end of the year. Three of the banks polled said the Fed would ra
  
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• Global stocks, dollar rally on bumper U.S. jobs data

  05-08-2016 21:18 via news.yahoo.com
  
  NEW YORK (Reuters) - Stocks and the dollar jumped on Friday as investors cheered strong U.S. employment data which boosted expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year.
  
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• UPDATE 4-Bristol-Myers' Opdivo fails lung cancer trial; shares plunge

  05-08-2016 21:17
  
  Aug 5 (Reuters) - Bristol-Myers Squibb Co said its
  blockbuster Opdivo immunotherapy failed to slow progression of
  symptoms in previously untreated patients with advanced lung
  cancer, a major setback...
  
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• BRIEF-Renn Fund announces shareholder approval of plan of liquidation and dissolution

  05-08-2016 21:16
  
  * Renn Fund announces shareholder approval of plan of
  liquidation and dissolution
  
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• Citigroup beats $800 million appeal by one-time billionaire

  05-08-2016 20:53
  
  NEW YORK (Reuters) - A federal appeals court rejected a one-time Florida billionaire's bid to revive his $800 million lawsuit accusing Citigroup Inc of fraudulently hiding its exposure to subprime...
  
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• Wall Street hits record on payrolls report lift

  05-08-2016 20:50 via news.yahoo.com
  
  U.S. stocks were on track for their best day in a month on Friday, with the S&P 500 touching a record intraday high after a second straight month of robust labor market data heightened expectations for acceleration in economic growth. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. While the unemployment rate remained unchanged at 4.9 percent, it held below the 5 percent mark associated with full employm
  
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• Germany seeks a way forward with Turkey after Austria row

  05-08-2016 20:39 via news.yahoo.com
  Germany's foreign minister on Friday resisted a push by Austria to halt talks with Turkey on joining the European Union, saying the bloc needed to think more broadly about how to frame its relationship with Ankara in troubled times. Frank-Walter Steinmeier said their close political, economic and human ties meant both sides should find a way forward as neighbors, rather than focusing solely on the timing of the accession talks, which he said were "as good as deadlocked". "For me a different ques
  
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• U.S. challenge to Anthem-Cigna deal gets new judge

  05-08-2016 20:30
  
  WASHINGTON (Reuters) - The judge overseeing the U.S. government's bid to stop health insurer Anthem Incfrom buying Cigna Corp , who had been seen as favorable for the deal, has relinquished the...
  
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• Icahn declines to join Trump economic team, mulls second Super PAC

  05-08-2016 20:17 via news.yahoo.com
  By Jennifer Ablan NEW YORK (Reuters) - Billionaire investor Carl Icahn turned down an invitation to join Republican presidential candidate Donald Trump's economic advisory council because Icahn is considering funding a Super PAC focused on regulatory reform, Icahn's general counsel told Reuters on Friday. This would be his second Super PAC. Technically known as independent expenditure-only committees, Super PACs may raise unlimited sums of money from corporations, unions, associations and indivi
  
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• Private equity funds eye ending drought in U.S. energy IPOs: sources

  05-08-2016 20:03
  
  NEW YORK (Reuters) - Private equity funds are looking to sell shares in two U.S. energy companies, people familiar with the plans said this week, deals that could end a year-long drought for Initial...
  
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• US stocks approach records after strong jobs report

  05-08-2016 19:57 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are jumping Friday and are on pace to set records after a strong July jobs report gave investors more confidence that the economy is still growing. The Labor Department said employers added 255,000 jobs, far more than experts expected. Bank stocks rose on the prospect of higher interest rates, while tech stocks and consumer companies also made big gains.
  
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• Carl Icahn declines to join Trump economic advisory team

  05-08-2016 19:36 via news.yahoo.com
  By Jennifer Ablan NEW YORK (Reuters) - Billionaire investor Carl Icahn turned down an invitation to join Republican presidential candidate Donald Trump's economic advisory council because Icahn is considering funding and managing his own Super PAC focused on regulatory reform, Icahn's general counsel told Reuters on Friday. "Mr. Icahn declined the opportunity to join the Trump economic advisory council because at this time, we’re still considering whether to fund and manage our own Super P
  
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• Exclusive: LifeLock taps Evercore to explore options - sources

  05-08-2016 19:33
  
  (Reuters) - LifeLock Inc , a U.S. identity theft protection services company, has hired Evercore Partners Incto defend itself against activist hedge fund Elliott Management Corp and explore its...
  
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• Factbox: Republican presidential candidate Trump's economic team

  05-08-2016 19:09 via news.yahoo.com
  (Reuters) - U.S. Republican presidential candidate Donald Trump on Friday announced his team of economic advisers, which includes a hedge fund manager, a former top steel executive, and a former high-ranking U.S. government official. Trump said he would deliver a speech on his economic policy plan on Monday. Here are some facts on members of his economic team: JOHN PAULSON, HEDGE FUND MANAGER Paulson is best known on Wall Street for his bet against the overheated housing market in 2007 that nett
  
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• Donald Trump announces economic advisory team

  05-08-2016 19:06 via news.yahoo.com
  DES MOINES, Iowa (AP) — Donald Trump has announced his team of economic advisers, a group that includes many of the people already helping his campaign.
  
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• PwC must face $1 bln MF Global lawsuit - U.S. judge

  05-08-2016 19:01
  
  NEW YORK, Aug 5 (Reuters) - A federal judge has rejected
  PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit
  claiming that its bad accounting advice helped cause the October
  2011 bankruptcy...
  
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• Strong jobs data catapults S&P to record high

  05-08-2016 18:58 via news.yahoo.com
  
  The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far exceeding estimates of 180,000. While unemployment rate remained unchanged at 4.9 percent, it stayed below the 5 percent mark associated with full employment. The S&P 500 touched 2,180.78, its ninth record intraday high since July.
  
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• Foreign buyers fuel surge in Canadian office building sales

  05-08-2016 18:57 via news.yahoo.com
  By John Tilak TORONTO (Reuters) - Foreign buyers are helping to drive a jump in sales of top-tier Canadian office buildings, industry players say, with a soft currency and the country's relative stability helping attract interest from abroad. While the Canadian economy is struggling with the drag from weak oil prices, global events like Britain's vote to leave the European Union have increased its appeal. "Foreign buyers view these assets as safe bets as they look to diversify their global real
  
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• FTSE Stocks At 2016 Highs After Brexit Blues

  05-08-2016 18:55 via news.yahoo.com
  
  UK stock markets - reeling only six weeks ago after the UK's vote to leave the EU - continued their recovery in dramatic style on Friday by closing at new 2016 highs. The FTSE 100 closed the week's trading with a rise of 0.8% in the final session - investors cheered by further evidence that the world's largest economy, the United States, was still perky despite global weaknesses. It helped bolster sentiment to further build on stock market gains of the previous day, which were a reaction to the
  
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• Louisiana pols go to court blaming Big Oil for coastal ruin

  05-08-2016 18:53 via news.yahoo.com
  
  ALLIANCE, La. (AP) — The oil industry has left a big footprint along the Gulf Coast, where a Delaware-sized stretch of Louisiana has disappeared. But blaming Big Oil for ecosystem abuse has been seen a career killer for politicians in a state where the industry employs up to 300,000 people and injects $73 billion into the economy.
  
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• Strong US July jobs numbers a likely boost for Clinton

  05-08-2016 18:34 via news.yahoo.com
  
  The US economy generated more than a quarter of a million jobs in July -- a bigger-than-expected gain that will likely provide valuable ammunition for Democrat Hillary Clinton as she and Donald Trump battle for the White House. Non-farm payrolls rose by 255,000 positions in July while the unemployment rate remained stable at 4.9 percent, the Labor Department reported. On the White House campaign trail, Clinton has painted a picture of optimism and jobs growth, while Trump has cast America as an
  
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• Global markets cheer US jobs data

  05-08-2016 18:29 via news.yahoo.com
  
  Strong US jobs data showing that the world's top economy is in rude health drove up stocks Friday, with the S&P 500 index in the US hitting a new record high.
  
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• FTSE Stocks Hit 2016 Highs After Brexit Blues

  05-08-2016 18:23 via news.yahoo.com
  
  UK stock markets - reeling only six weeks ago after the UK's vote to leave the EU - continued their recovery in dramatic style on Friday by closing at new 2016 highs. The FTSE 100 closed the week's trading with a rise of 0.8% in the final session - investors cheered by further evidence that the world's largest economy was still perky despite global weaknesses. It helped bolster sentiment to further build on stock market gains of the previous day, which were a reaction to the Bank of England's st
  
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• Factbox: U.S. Republican presidential candidate Trump's economic team

  05-08-2016 18:23 via news.yahoo.com
  (Reuters) - U.S. Republican presidential candidate Donald Trump on Friday announced his team of economic advisers, which includes a hedge fund manager, a former top steel executive, and a former high-ranking U.S. government official. Trump said he would deliver a speech on his economic policy plan on Monday. Here are some facts on members of his economic team: JOHN PAULSON, HEDGE FUND MANAGER Paulson is best known on Wall Street for his bet against the overheated housing market in 2007 that nett
  
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• Italy's Autogrill to buy U.S. airport retailer Stellar Partners

  05-08-2016 18:17
  
  MILAN (Reuters) - Italian travel catering group Autogrillsaid on Friday it signed an agreement to buy U.S convenience retail company Stellar Partners to expand its commercial offering in U.S....
  
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• Is Trump Finished? Don’t Bet on It

  05-08-2016 18:07 via news.yahoo.com
  
  Donald Trump is starting to look a lot like Glenn Close in the bathtub scene of Fatal Attraction. The number-crunchers at the website FiveThirtyEight find that Trump’s chances of winning the presidency in November have plummeted in the past couple of weeks, and now stand at 20.1 percent versus 79.9 percent for Hillary Clinton. One recent poll has Clinton ahead by 15 percentage points, a NBC/Wall Street Journal poll gives her a 9 point advantage and the Real Clear Politics poll average puts
  
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• US stocks jump as strong jobs report soothes investors

  05-08-2016 17:55 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are jumping Friday morning as a strong July jobs report gave investors more confidence that the economy is still growing. The Labor Department said employers added 255,000 jobs, far more than experts expected. Bank stocks rose on the prospect of higher interest rates and consumer companies rose as investors hope consumers will have more money to spend.
  
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• Junk energy firms still have market access

  05-08-2016 17:52
  
  NEW YORK, Aug 5 (IFR) - Some energy companies still have
  access to the US high-yield market despite concerns that the dip
  in oil prices to around US$40 a barrel could create more stress
  in the...
  
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• Britain's FTSE hits fresh one-year high, RBS slumps

  05-08-2016 17:47
  
  LONDON, Aug 5 (Reuters) - Britain's blue-chip share index
  climbed to its highest level since July 2015 on Friday, led by a
  rise in housebuilders and miners, although Royal Bank of
  Scotland slumped...
  
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• Strong jobs data lifts S&P to record intraday high

  05-08-2016 17:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks surged on Friday, with the S&P 500 touching a record intraday high after a second straight month of robust labor market data boosted optimism about the economy.
  
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• Stocks, dollar rally on bumper U.S. jobs data

  05-08-2016 17:31 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Stocks and the dollar jumped on Friday as investors cheered strong U.S. employment data, which bolstered expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year. Forecast-beating U.S. non-farm payrolls numbers, coming a day after the launch of a new Bank of England monetary easing package, sent U.S. Treasury yields higher.
  
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