Finance news

• Column: Your active manager: better, cheaper, less successful - James Saft

  10-08-2016 23:50
  
  (Reuters) - Every year your active fund manager gets smarter, better trained and cheaper and every year she has a tougher and tougher time beating the market.
  
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• Global stocks dip on profit-taking, weak data

  10-08-2016 23:41 via news.yahoo.com
  
  Most of the world's main stock markets ran into profit-taking Wednesday, prompted by weak economic data, lower oil prices and a sliding dollar.
  
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• UPDATE 2-Shake Shack restaurant sales disappoint, stock drops

  10-08-2016 23:04
  
  Aug 10 (Reuters) - Shake Shack Inc, known for
  indulgent antibiotic-free hamburgers, crinkle-cut fries and
  frozen custard shakes, on Wednesday said quarterly sales growth
  at established restaurants...
  
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• BRIEF-Marketing Alliance posts Q4 earnings per share $0.08

  10-08-2016 23:03
  
  * The marketing alliance announces financial results for its
  fiscal 2016 fourth quarter and year ended March 31, 2016
  
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• BRIEF-Huron Consulting Group Adds Managing Director To Healthcare Practice

  10-08-2016 23:03
  
  * Huron Consulting Group adds managing director to
  healthcare practiceSource text for Eikon:Further company coverage:
  
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• Weak U.S. investment hampers Canada's non-energy exports

  10-08-2016 23:02 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Weak U.S. business investment has hampered a long-awaited pick-up in growth of Canada's non-energy exports, economists say, while a weaker Canadian dollar has not helped exports as much as expected. The dollar has fallen 18 percent against its U.S. counterpart since mid-2014, when the price of oil, one of Canada's major exports, began to collapse. Canada needs higher non-energy exports from consumer goods to industrial machinery to offset the oil price shock a
  
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• BRIEF-Sienna Senior Living qtrly AFFO per share $0.353

  10-08-2016 23:02
  
  * Sienna Senior Living Inc says qtrly overall same property
  net operating incomeup 5.2%
  
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• BRIEF-SWK holdings Q2 loss per share $0.08

  10-08-2016 23:01
  
  * SWK Holdings Corporation announces 2016 second quarter
  financial results
  
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• BRIEF-LGL Group Q2 revenue $5.2 million

  10-08-2016 23:01
  
  * The LGL Group Inc reports second quarter 2016 financial
  results
  
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• BRIEF-Globant reports Q2 adjusted earnings per share $0.29

  10-08-2016 23:01
  
  * Globant reports 2016 second quarter financial results
  solid revenue growth and operating performance
  
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• BRIEF-Great Canadian Gaming posts Q2 earnings per share $0.36

  10-08-2016 23:00
  
  * Great Canadian Gaming announces second quarter 2016
  results
  
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• BRIEF-Fidelity National announces completion of amendments to existing credit facility

  10-08-2016 23:00
  
  Aug 10 (Reuters) - Fidelity National Information Services
  Inc :
  
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• BRIEF-Chipmos says July 2016 revenue fell 0.9 percent

  10-08-2016 23:00
  
  * July revenue fell 0.9 percent to twd 1.622 billionSource text for Eikon:Further company coverage:
  
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• Oil slide pulls Wall Street back from record levels

  10-08-2016 22:38 via news.yahoo.com
  
  Wall Street retreated from record levels on Wednesday after a drop in oil prices pressured energy stocks, while shares of Walt Disney surged on its results and an acquisition. A rally since late June has pushed the S&P 500 up more than 6 percent in 2016 as low interest rates encourage investors to buy U.S. equities, although high valuations are of concern to many. The energy index fell 1.41 percent, hurt by a drop in oil prices after the U.S. government reported a surprise crude stockpile bu
  
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• New York City's economy slowed in second quarter: Comptroller

  10-08-2016 22:35 via news.yahoo.com
  
  The nation's largest city and financial center registered a 1.7 percent increase in gross city product (GCP) in the second quarter, down from a 4 percent increase in the first three months of the year. "Our city's economy is still growing - but in 2016 we've gone from a sprint to a jog," New York City Comptroller Scott Stringer said in a statement. New York City's economy still managed to outpace overall U.S. gross domestic product, where the advance second quarter figure showed a 1.2 percent in
  
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• Oil fizzles on crude build; Wall Street ends lower

  10-08-2016 22:25 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and U.S. stock indexes receded from record highs. With bond yields low in developed economies as central banks maintain accommodative monetary policies, investors have sought out equities for yield. "The markets were extended, not only price-wise but psychologically (they) have been extended," said Steve Massocca, chief investment officer with Wedbush Equ
  
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• TREASURIES-Strong 10-year U.S. note auction helps lift prices

  10-08-2016 22:09
  
  * U.S. 10-year note auction shows solid investor demand(Updates to market close, adds details on 10-year auction,
  analyst quote)
  
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• Brazil's Oi to unveil reorganization plan by early Sept

  10-08-2016 21:59
  
  RIO DE JANEIRO, Aug 10 (Reuters) - Phone carrier Oi SA,
  which filed in June for Brazil's largest ever in-court
  reorganization, will present a plan to overhaul business and
  repay creditors later this...
  
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• UPDATE 3-Delta cancels hundreds more flights, expects normal operations soon

  10-08-2016 21:29
  
  Aug 10 (Reuters) - Delta Air Lines Inc on Wednesday
  canceled more than 300 flights and upended thousands of
  travelers' plans for the third day in a row after a power outage
  hit its computer systems,...
  
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• UPDATE 1-Protesters block entrance to Chevron facility in Nigeria's Delta

  10-08-2016 21:29
  
  YENAGOA, Nigeria, Aug 10 (Reuters) - Protesters blocked the
  entrance to a Chevron oil facility in Nigeria's restive
  Niger Delta on Wednesday, demanding jobs and housing, a protest
  leader said.
  
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• FOREX-Dollar weakens, Fed policy in focus

  10-08-2016 21:29
  
  NEW YORK, Aug 10 (Reuters) - The U.S. dollar fell on
  Wednesday as investors awaited a speech by Federal Reserve Chair
  Janet Yellen later this month in the absence of new major
  economic reports that...
  
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• CORRECTED-UPDATE 1-Demand rebounds for U.S. 10-year note supply

  10-08-2016 21:16
  
  * Latest 10-year supply sold at second lowest yield on
  record
  
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• CORRECTED-Demand rebounds for U.S. 10-year note supply

  10-08-2016 21:15
  
  NEW YORK, Aug 10 (Reuters) - Demand for $23 billion of U.S.
  10-year Treasury note supply on Wednesday rebounded from July
  when it hit its weakest level in over seven years, as investors
  loaded up on...
  
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• UPDATE 2-Cargill posts net profit on special gains; revenue declines

  10-08-2016 21:13
  
  Aug 10 (Reuters) - Global commodity trader Cargill Inc
  on Wednesday said it turned in a quarterly net profit,
  boosted by special gains that offset poor results from trading
  and oilseed processing.
  
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• BRIEF-Metallum Resources says appointment of Rob Randall as CFO

  10-08-2016 21:12
  
  * Metallum Resources Inc says appointment of Rob Randall as
  Chief Financial Officer
  
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• UPDATE 1-U.S. court blocks FCC bid to expand public broadband

  10-08-2016 21:09
  
  WASHINGTON, Aug 10 (Reuters) - A federal appeals court said
  on Wednesday the U.S. Federal Communications Commission could
  not block two states from setting limits on municipal broadband
  expansion, a...
  
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• Wall Street falters as oil slide drags on energy shares

  10-08-2016 21:07 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and Wall Street stocks receded from record highs. U.S. crude fell 3 percent to $41.49 per barrel, while benchmark Brent dropped 2.5 percent to $43.85.
  
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• Weak oil pulls Wall Street back from record levels

  10-08-2016 21:06 via news.yahoo.com
  
  Wall Street retreated from record levels on Wednesday as a drop in oil prices pressured energy stocks and weighed more heavily than a surge in Walt Disney. A rally since late June has taken the S&P 500 up over 6 percent in 2016, as continued low interest rates encourage investors to buy U.S. equities, although many investors are concerned about high valuations. The energy index fell 1.04 percent, hurt by a drop in oil prices after the U.S. government reported a surprise crude stockpile build
  
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• BRIEF-Broadfin Capital, LLC reports 5.02 pct passive stake in Mirati Therapeutics

  10-08-2016 21:04
  
  * Broadfin Capital, LLC reports 5.02 pct passive stake in
  Mirati Therapeutics as of August 8, 2016 - SEC FilingSource - http://bit.ly/2aMdcIv
  Further company coverage:
  
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• BRIEF-Mesa Laboratories - Acquisition of certain assets and liabilities of Rapid Aid Corp by Unit

  10-08-2016 21:02
  
  * Mesa Laboratories Inc saysacquisition of certain assets
  and liabilities of Rapid Aid Corp by co's subsidiary, Mesa
  Canada, Inc
  
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• Wall St. falters as oil slide drags on energy shares

  10-08-2016 20:52 via news.yahoo.com
  
  NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and Wall Street stocks receded from record highs.
  
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• GLOBAL MARKETS-Wall St falters as oil slide drags on energy shares

  10-08-2016 20:50
  
  * U.S. Treasuries rise in line with global bonds(Updates to U.S. afternoon trading)
  
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• UPDATE 2-Delta cancels hundreds more flights, expects normal operations soon

  10-08-2016 20:23
  
  Aug 10 (Reuters) - Delta Air Lines Inc on Wednesday
  canceled more than 250 flights and upended thousands of
  travelers' plans for the third day in a row after a power outage
  hit its computer systems,...
  
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• German property firm IVG appoints more advisers for IPO

  10-08-2016 20:14
  
  FRANKFURT, Aug 10 (Reuters) - German property company IVG
  has appointed more advisors as it prepares for an initial public
  offering for its office properties portfolio which could be
  valued at up to...
  
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• BRIEF-T. Rowe Price Associates reports passive stake of 11.2 pct in Conyers Park Acquisition - SEC filing

  10-08-2016 20:08
  
  * T. Rowe Price Associates Inc reports passive stake of 11.2
  pct in Conyers Park Acquisition Corp as of July 31, 2016 - SEC
  filing
  Source text (http://bit.ly/2aGNjE4)
  Further company coverage:
  
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• BRIEF-T. Rowe Price Associates, Inc reports 10.3 pct passive stake in Agrofresh Solutions

  10-08-2016 19:54
  
  * T. Rowe Price Associates, Inc reports 10.3 pct passive
  stake in Agrofresh Solutions Inc as of July 31, 2016- SEC
  FilingSource - http://bit.ly/2aWmj47
  Further company coverage:
  
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• U.S. court upholds state laws limiting municipal broadband

  10-08-2016 19:52
  
  WASHINGTON, Aug 10 (Reuters) - A federal appeals court said
  on Wednesday the U.S. Federal Communications Commission could
  not block two states from setting limits on municipal broadband
  expansion.
  
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• UPDATE 1-Caledonia Investments to pay $480,000 to settle US antitrust charges

  10-08-2016 19:49
  
  WASHINGTON, Aug 10 (Reuters) - Caledonia Investments PLC
  has agreed to pay $480,000 to resolve charges that it
  failed to report to antitrust enforcers share purchases that it
  made in 2014, the...
  
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• BRIEF-Aeromexico announces new route to Austin, Texas

  10-08-2016 19:46
  
  * Expansion of service to south central united states from
  mexico city with addition of austin to route network on november
  17Source text for Eikon:
  
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• CD&R nears deal to buy wheelchair maker Drive DeVilbiss -sources

  10-08-2016 19:42
  
  Aug 10 (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC
  is in advanced talks to acquire Drive DeVilbiss, one of the
  largest U.S. wheelchair manufacturers, for about $750 million,
  including the...
  
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• BRIEF-Spirit Airlines names Matt Klein as chief commercial officer

  10-08-2016 19:40
  
  * Names Matt Klein as senior vice president and chief
  commercial officer effective August 11Source text for Eikon:Further company coverage:
  
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• BRIEF-Genmab enters commercial license agreement with Gilead for DuoBody(R)Technology

  10-08-2016 19:39
  
  * Genmab enters commercial license agreement with Gilead for
  DuoBody(R) Technology
  
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• UPDATE 1-Demand rebounds for U.S. 10-year note supply

  10-08-2016 19:38
  
  * Latest 10-year supply sold at second lowest yield on
  record(Adds details on latest 10-year auction)
  
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• Wall Street bonuses expected to decline for bankers, traders: report

  10-08-2016 19:27 via news.yahoo.com
  
  (Reuters) - Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday.
  
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• Demand rebounds for U.S. 10-year note supply

  10-08-2016 19:13
  
  NEW YORK, Aug 10 (Reuters) - Demand for $23 billion of U.S.
  10-year Treasury note supply on Wednesday rebounded from its
  weakest level set in July, as investors loaded up on this debt
  issue due to...
  
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• TABLE-Investor inflows into U.S. bond mutual funds highest in a year-ICI

  10-08-2016 18:59
  
  By Trevor HunnicuttNEW YORK, Aug 10 (Reuters) - Investors sought safety and
  yield in corporate debt during the latest week, shoveling the
  most money in more than a year into U.S.-based bond...
  
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• UPDATE 1-Perrigo slashes full-year forecast again, shares plunge

  10-08-2016 18:53
  
  Aug 10 (Reuters) - Perrigo Co Plc slashed its
  full-year earnings forecast for the second time, citing pricing
  pressure in its generic drugs business, sending its shares down
  as much as 13 percent and...
  
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• Weak oil prices pull Wall Street away from record levels

  10-08-2016 18:48 via news.yahoo.com
  
  U.S. stock indexes retreated from record levels as a drop in oil prices pressured energy stocks. Oil prices fell 1.6 percent in choppy trading after the U.S. government reported a surprise crude stockpile build. The S&P 500 energy index fell 0.9 percent.
  
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• UPDATE 2-British yields make one of biggest forays into negative territory in 300-year history

  10-08-2016 18:46
  
  LONDON, Aug 10 (Reuters) - British gilt yields made one of
  their biggest forays into negative territory in their 300-year
  history on Wednesday after a bond rally sparked by the Bank of
  England's...
  
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• EMERGING MARKETS-Latam currencies pare gains as oil slides; stocks fall

  10-08-2016 18:35
  
  By Bruno FederowskiSAO PAULO, Aug 10 (Reuters) - Latin American currencies
  pared gains on Wednesday as crude prices turned negative, taking
  the shine off an extended rally in emerging markets.
  ...
  
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