Finance news

• UPDATE 2-Lululemon same-store sales fall short, sending shares lower

  01-09-2016 23:50
  
  TORONTO, Sept 1 (Reuters) - Canadian yoga wear retailer
  Lululemon Athletica Inc reported comparable sales
  growth that fell short of analyst estimates, sending shares down
  nearly 9 percent on Thursday...
  
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• Obama likely to address corporate tax avoidance at G20: White House

  01-09-2016 23:47 via news.yahoo.com
  
  President Barack Obama will likely have discussions with world leaders at the upcoming G20 meeting in China about controlling corporate tax avoidance and creating a more fair global tax system, the White House said on Thursday. White House spokesman Josh Earnest said he did not expect headlines about progress on corporate tax avoidance from the G20 meeting of global economic leaders that runs Sunday through Monday. "But I would anticipate that this is an issue that the President will engage in,
  
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• TSX rises, led by gold miners after weak U.S. data

  01-09-2016 23:41 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose on Thursday, led by gold mining stocks after weak U.S. manufacturing data tempered expectations for Federal Reserve interest hikes. Gold rebounded from a two-month low as the U.S. dollar fell on manufacturing data that raised doubts about the economy's strength. "Sloppy data" reduces expectations for a Fed rate hike in September, said Diana Avigdor, portfolio manager and head of trading at Barometer Capital Management.
  
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• Markets head sideways ahead of US jobs report

  01-09-2016 23:28 via news.yahoo.com
  
  New York (AFP) - Global stock markets were in wait-and-see mode on Thursday, anticipating Friday's release of a US jobs data which if strong could encourage an interest rate hike by the Federal Reserve.
  
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• UPDATE 1-Weak Mylan board fosters EpiPen 'debacle' -New York comptroller

  01-09-2016 23:02
  
  Sept 1 (Reuters) - New York City's comptroller on Thursday
  criticized what he said are "exorbitant" price increases for
  Mylan NV's allergy auto-injector EpiPen and said weak
  board oversight of...
  
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• BRIEF-Williams partners files application with Ferc to serve 2 Gulf coast LNG export facilities

  01-09-2016 23:02
  
  * Williams Partners Lp saysadvances Gulf connector
  project; files application with Ferc to serve two Gulf coast LNG
  export facilities
  
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• BRIEF-Kinross says repaid $250 mln in senior notes

  01-09-2016 23:02
  
  * Has repaid $250 million in senior notes that were due
  September 1, 2016.
  
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• BRIEF-Cipher appoints Stephen Lemieux as chief financial officer

  01-09-2016 23:02
  
  * Cipher pharmaceuticals appoints Stephen Lemieux as chief
  financial officer
  
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• COLUMN-Swiss watches, corruption battles and the high price of Facebook shares: James Saft

  01-09-2016 23:00
  
  Sept 1 (Reuters) - Despite Facebook being locked out
  of China since 2009, Mark Zuckerberg can, in part, thank the
  Party for the healthy valuation of Facebook shares.
  
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• BRIEF-Fortress Paper appoints Giovanni Iadeluca as president of its Dissolving Pulp Segment

  01-09-2016 23:00
  
  * Fortress Paper announces appointment of Giovanni Iadeluca
  as president of its Dissolving Pulp SegmentSource text for Eikon:Further company coverage:
  
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• CANADA FX DEBT-C$ gains despite oil fall, all eyes on U.S. jobs data

  01-09-2016 22:59
  
  (Adds analyst comment, updates prices to close)* Canadian dollar settles at C$1.3086, or 76.42 U.S. cents* Bond prices higher across maturity curve By Alastair SharpTORONTO, Sept...
  
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• BRIEF-ViXS announces proposed private placements of convertible debentures and units

  01-09-2016 22:59
  
  * Announces proposed private placements of convertible
  debentures and units; preliminary financial results for Q2
  FY2017
  
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• Hurricane Hermine dampens Florida tourism on U.S. holiday weekend

  01-09-2016 22:58
  
  Sept 1 (Reuters) - Before it even made landfall on Thursday,
  Hurricane Hermine had battered Florida's $89-billion tourism
  industry, snarling travel, cancelling a country music festival
  and scaring...
  
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• Pennsylvania reinstates Uber's record $11.4 mln fine

  01-09-2016 22:57
  
  Sept 1 (Reuters) - A Pennsylvania regulator on Thursday
  reinstated a record $11.4 million fine against the popular
  ride-sharing service Uber Technologies Inc for operating
  illegally in the state in...
  
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• EXCLUSIVE-HP Enterprise in talks to sell software unit to Thoma Bravo -sources

  01-09-2016 22:47
  
  Sept 1 (Reuters) - Hewlett Packard Enterprise Co (HPE)
  is in talks with buyout firm Thoma Bravo LLC to sell its
  software division, hoping it can fetch between $8 billion and
  $10 billion, according...
  
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• Wall Street flat as tech offsets manufacturing data

  01-09-2016 22:25 via news.yahoo.com
  
  U.S. stocks were flat on Thursday, with gains in the tech sector offseting sluggish factory activity data and lower oil prices, as investors exercised caution ahead of a key payrolls report on Friday. A report from the Institute of Supply Management showed U.S. factory activity contracted for the first time in six months in August as new orders and production tumbled, but data on the labor market pointed to a pickup in third-quarter economic growth. "The ISM data was, in a word, disappointing, b
  
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• BRIEF- Cooper Companies to appoint Albert White as new CFO

  01-09-2016 22:19
  
  * CFO Gregory W. Matz to retire; Albert G. White named
  successor in planned transition
  
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• UPDATE 6-Rocket explodes on launch pad in blow to Elon Musk's SpaceX

  01-09-2016 22:16
  
  CAPE CANAVERAL, Fla., Sept 1 (Reuters) - An explosion
  destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and
  its cargo during preparations for a routine test firing at Cape
  Canaveral in...
  
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• Lululemon earnings rise on higher sales

  01-09-2016 22:15 via news.yahoo.com
  
  TORONTO (Reuters) - Canadian yoga wear retailer Lululemon Athletica Inc reported an increase in quarterly earnings on Thursday as sales rose. Net income rose to $53.6 million, or 39 cents a share, from $47.7 million, or 34 cents, a year earlier. Revenue rose 14 percent to $514.5 million. (Reporting by Allison Martell; Editing by Steve Orlofsky)
  
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• Liberia's Firestone lays off 400 workers in new blow to economy

  01-09-2016 22:15
  
  MONROVIA, Sept 1 (Reuters) - Firestone Natural Rubber Co.,
  which operates the world's largest single natural rubber
  plantation in Liberia, said on Thursday that it has laid off 432
  employees because...
  
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• DIARY - Today in Washington - Sept 1

  01-09-2016 22:15
  
  0830/1230: The Labor Dept. issues weekly Jobless Claims;
  revised U.S. Q2 Nonfarm Productivity and Costs.
  
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• BRIEF-Synopsys replenishes repurchase authorization to $500 mln

  01-09-2016 22:15
  
  * Synopsys replenishes repurchase authorization to $500
  millionSource text for Eikon:Further company coverage:
  
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• BRIEF-Navios maritime says regains compliance with NYSE continued listing requirements

  01-09-2016 22:15
  
  * Says regains compliance with NYSE continued listing
  requirementsSource text for Eikon:Further company coverage:
  
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• BRIEF-Hewlett Packard Enterprise completes sale of its equity stake in Mphasis Limited

  01-09-2016 22:15
  
  * Hewlett Packard Enterprise completes sale of its equity
  stake in Mphasis Limited
  
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• BRIEF-Goldgroup appoints Anthony Balic as CFO

  01-09-2016 22:14
  
  * Goldgroup appoints Anthony Balic as chief financial
  officer
  
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• BRIEF-Amgen says FDA approves Blincyto

  01-09-2016 22:13
  
  * FDA approves Blincyto(Blinatumomab) for use in pediatric
  patients with Philadelphia chromosome-negative relapsed or
  refractory b-cell precursor acute lymphoblastic leukemiaSource text for Eikon:...
  
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• Hollywood studios, football leagues urge EU rethink on copyright

  01-09-2016 21:48 via news.yahoo.com
  
  By Julia Fioretti BRUSSELS (Reuters) - The heads of some of the biggest Hollywood studios, commercial broadcasters and European football leagues have urged the European Union to reconsider a planned copyright overhaul they fear will lead to lower investment in films and TV shows. In a letter to the presidents of the European Commission, European Council and European Parliament, they warn that the EU's plans to help make more films and TV shows available online across borders will have "severe ne
  
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• UPDATE 4-South Africa's Gordhan says complied with police as row widens

  01-09-2016 21:09
  
  * Political row has hurt financial markets(Adds government statement)
  
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• UPDATE 3-Ford's Canada auto sales rise in August, rivals see declines

  01-09-2016 21:09
  
  TORONTO/MONTREAL, Sept 1 (Reuters) - Ford Motor Cosaid on Thursday its Canadian sales rose 9 percent in August,
  even as rivals Fiat Chrysler Automobiles and General
  Motors Co reported declines due...
  
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• TREASURIES-Yields flat after mixed data; Friday jobs report in focus

  01-09-2016 21:06
  
  * Yields rise after strong UK, China data* U.S. jobless claims data shows labor market strength
  continues* Yields erase gain after U.S. manufacturing data lowest
  since Feb* Investors...
  
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• UPDATE 3-August U.S. auto sales down; carmakers say industry has peaked

  01-09-2016 21:03
  
  DETROIT, Sept 1 (Reuters) - U.S. auto sales fell about 3.5
  percent in August, and some major automakers said a
  long-expected sales decline has begun or, at best, that sales
  have hit a plateau, which...
  
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• Third U.S. patent on Teva's MS drug Copaxone invalidated

  01-09-2016 20:58
  
  NEW YORK, Sept 1 (Reuters) - U.S. patent officials on
  Thursday invalidated a third patent covering Teva Pharmaceutical
  Industries' $4 billion multiple sclerosis treatment
  Copaxone, after cancelling...
  
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• FOREX-Dollar falls on surprise manufacturing decline

  01-09-2016 20:57
  
  * U.K. pound jumps after strong manufacturing data(Recasts with market move, adds data and quotes, updates
  prices)
  
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• BRIEF-s&p rates Banco de Chile's $100 million senior unsecured notes 'A+'

  01-09-2016 20:48
  
  * S&P - Banco de Chile's $100 million senior unsecured notes
  rated 'A+'
  
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• UPDATE 1-Florida finds first local mosquitoes with Zika virus

  01-09-2016 20:46
  
  Sept 1 (Reuters) - Florida officials on Thursday said they
  have trapped the first mosquitoes that tested positive for the
  Zika virus in the Miami area, further confirming reports of
  local U.S....
  
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• UPDATE 2-U.S. imposes sanctions on 'Putin's bridge' to Crimea

  01-09-2016 20:40
  
  MOSCOW/WASHINGTON, Sept 1 (Reuters) - Companies building a
  multi-billion dollar bridge to link the Russian mainland with
  annexed Crimea, a project close to the heart President Vladimir
  Putin, were...
  
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• Wall Street dips after manufacturing data; energy weak

  01-09-2016 20:33 via news.yahoo.com
  
  The S&P 500 and the Dow dipped on Thursday after sluggish monthly factory activity data dented optimism about the economy and oil prices declined, as investors exercised caution ahead of a payrolls report on Friday. A report from the Institute of Supply Management showed U.S. factory activity contracted for the first time in six months in August as new orders and production tumbled, but data on the labor market pointed to a pickup in third quarter economic growth. Energy shares , down 0.9 pe
  
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• DoubleLine posts $790 million inflow in open-ended mutual funds in August

  01-09-2016 20:28
  
  NEW YORK (Reuters) - Jeffrey Gundlach's DoubleLine posted a net inflow of $790.23 million into its open-ended mutual funds in August, for a year-to-date net inflow of $11.37 billion, the firm said on...
  
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• UPDATE 1-Takeda joins effort to develop Zika vaccine with U.S. funding

  01-09-2016 19:53
  
  Sept 1 (Reuters) - Japanese drugmaker Takeda Pharmaceutical
  Co on Thursday said it is developing a vaccine to
  prevent the Zika virus, which has been linked to severe birth
  defects, and has secured...
  
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• Canada auto union faces pension pressure from single plant deal

  01-09-2016 19:53
  
  TORONTO, Sept 1 (Reuters) - Canada's autoworkers' union will
  face additional pressure to accept less generous retirement
  benefits for new hires in contract talks due to a 2013 deal
  signed by workers...
  
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• BRIEF-Sabby Management LLC reports 6.92 pct passive stake in Hemispherx Biopharma

  01-09-2016 19:52
  
  * Sabby Management LLC reports 6.92 percent passive stake in
  Hemispherx Biopharma Inc as of August 31 - Sec FilingSource text : http://bit.ly/2bFyk25
  Further company coverage:
  
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• Fed's Mester says case for rate increases is compelling

  01-09-2016 19:49
  
  LEXINGTON, Ky., Sept 1 (Reuters) - The U.S. labor market is
  at full strength and the Federal Reserve needs to be on a path
  of gradual interest rate increases, Cleveland Fed President
  Loretta Mester...
  
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• UPDATE 4-Rocket explodes on launch pad in blow to Elon Musk's SpaceX

  01-09-2016 19:45
  
  CAPE CANAVERAL, Fla., Sept 1 (Reuters) - An explosion
  destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and
  its satellite cargo during routine test firing at Cape Canaveral
  in Florida on...
  
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• BRIEF-Dollar General Director Michael Calbert reports open market purchase of 13,000 shares of co's common stock

  01-09-2016 19:45
  
  * Director michael calbert reports open market purchase of
  13,000 shares of co's common stock at average price of $75.53per
  share on aug 30-filingSource text : http://bit.ly/2bWHsjF
  Further company...
  
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• CORRECTED-CPPIB buys 50 pct of a Canada office portfolio from Oxford Properties

  01-09-2016 19:44
  
  Sept 1 (Reuters) - Canada Pension Plan Investment Board
  (CPPIB) bought a 50 percent interest in a Canadian office
  portfolio from real estate developer Oxford Properties Group for
  about $1.18 billion.
  
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• BRIEF-S&P- Ohio Water Development Authority revenue refunding bonds series 2001 rating lowered

  01-09-2016 19:44
  
  * S&P - Ohio Water Development Authority revenue refunding bonds series 2001
  rating loweredSource - (http://bit.ly/2bWHdVC)
  
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• BRIEF-Verizon declares qtrly dividend of 57.75 cents/share

  01-09-2016 19:43
  
  * Declared a qtrly dividend of 57.75 cents per outstanding
  share, an increase of 1.25 cents per share, or 2.2 percent, from
  previous quarterSource text for Eikon:Further company coverage:
  
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• BRIEF-Renesas Electronics is collaborating with Taiwan Semiconductor Manufacturing Co to develop microcontrollers for self-driving,fuel-saving autos-Nikkei

  01-09-2016 19:43
  
  * Renesas Electronics is collaborating with Taiwan
  Semiconductor Manufacturing Co to develop Microcontrollers For
  Self Driving,Fuel-Saving autos - Nikkei
  
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• Are Stocks Ready for a Trump Victory?

  01-09-2016 19:23 via news.yahoo.com
  
  Just weeks after Donald Trump's campaign seemed headed for the same fate as Trump Steaks and Trump Vodka, the man has turned things around. A series of new polls have shown him closing the gap with Hillary Clinton, or in some cases even ahead. The trouble is: Wall Street, until now, has largely ignored the threat of a Trump victory and has instead focused on the higher probability of a win by "status quo" Clinton.
  
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• A quiet start to September for US stock market

  01-09-2016 19:13 via news.yahoo.com
  
  Stocks are hardly budging Thursday afternoon after declines earlier in the day. Banks are down and energy companies continue to fall with the price of oil, but metals companies and technology stocks are ...
  
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