Finance news

• BRIEF-Empire District Electric files for new Kansas electric rates

  16-09-2016 23:55
  
  * Company is seeking an annual increase in base rate
  revenues of approximately $6.4 million, or about 25.7 pctSource text for Eikon:Further company coverage:
  
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• US, European stocks weighed down by banking woes

  16-09-2016 23:53 via news.yahoo.com
  
  New York (AFP) - US and European stock markets retreated on Friday, as banking shares led by Deutsche Bank slumped on news US authorities were hunting down Germany's biggest lender over a record fine.
  
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• Abbott to sell its eye care business to J&J for about $4.33 billion

  16-09-2016 23:48
  
  (Reuters) - Abbott Laboratoriessaid it would sell its eye care business to Johnson & Johnsonfor about $4.33 billion in cash to focus on cardiovascular devices and diagnostics business.
  
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• BRIEF-Black Diamond reports retirement of senior executive

  16-09-2016 23:44
  
  * Black Diamond Group Limited announces retirement of senior
  executiveSource text for Eikon:Further company coverage:
  
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• UPDATE 3-Abbott to sell its eye care business to J&J for about $4.33 bln

  16-09-2016 23:43
  
  Sept 16 (Reuters) - Abbott Laboratories said it
  would sell its eye care business to Johnson & Johnsonfor about $4.33 billion in cash to focus on cardiovascular
  devices and diagnostics business.
  
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• BRIEF-NFL says season premiere of Thursday Night Football draws audience of 15.7 mln viewers

  16-09-2016 23:41
  
  * Season premiere of Thursday Night Football draws an
  audience of 15.7 million viewers across all platforms
  
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• BRIEF-Kimberly Page reports 9.99 pct passive stake in WPCS International

  16-09-2016 23:39
  
  * Kimberly Page reports 9.99 pct passive stake in WPCS
  International Inc as of September 15
  Source text - http://bit.ly/2ct9iQ5
  Further company coverage:
  
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• Florida man sues Samsung, says Galaxy Note 7 exploded

  16-09-2016 23:36
  
  Sept 16 (Reuters) - Samsung Electronics Co was
  sued on Friday by a Florida man who said he suffered severe
  burns after his Galaxy Note 7 smartphone exploded in his front
  pants pocket.
  
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• BRIEF-Tang Capital reports 9.5 pct stake in Cyclacel Pharmaceuticals

  16-09-2016 23:36
  
  Source text - http://bit.ly/2cDs1vi
  Further company coverage:
  
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• BRIEF-Xenith Bankshares plans to cease operations of Gateway Bank

  16-09-2016 23:33
  
  * Xenith Bankshares, Inc. announces plans to cease
  operations of its mortgage banking subsidiary, Gateway Bank
  Mortgage, Inc.
  
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• BRIEF-Pfizer reports positive top-line results from reflections B537-02 study for PF-06438179

  16-09-2016 23:32
  
  * Results confirm similar efficacy of PF-06438179
  (Infliximab-pfizer) to Remicade(REG) (Infliximab), in
  combination with Methotrexate
  
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• UPDATE 1-EPA says glyphosate, used in Monsanto herbicide, likely not carcinogenic

  16-09-2016 23:31
  
  CHICAGO, Sept 16 (Reuters) - Glyphosate, the key ingredient
  in Monsanto Co's Roundup herbicide, is not likely
  carcinogenic to humans, the U.S. Environmental Protection Agency
  said on Friday as it...
  
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• Wells Fargo sued on behalf of bank and brokerage customers

  16-09-2016 23:30
  
  NEW YORK, Sept 16 (Reuters) - Customers sued Wells Fargo &
  Co on Friday, accusing the bank of fraud, negligence,
  invasion of privacy and other claims related to the alleged
  opening of sham accounts...
  
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• BRIEF-Aeropostale:Court approves asset purchase agreement

  16-09-2016 22:42
  
  * Court approved asset purchase agreement dated as of Sept
  12 by and among co, co's units and Aero Opco Llc
  
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• BRIEF-MyoKardia files for common stock offering of up to $74.8 million

  16-09-2016 22:39
  
  Source text - http://bit.ly/2cUPqWE
  Further company coverage:
  
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• BRIEF-Zion Oil and Gas says Michael Croswell Jr appointed cfo

  16-09-2016 22:38
  
  * Croswell is replacing Ilan Sheena as company's chief
  financial officer, effective September 12, 2016
  
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• BRIEF-Quest Pharmatech amends warrant terms

  16-09-2016 22:37
  
  * Exercise price of warrants will also increase from $0.10
  to $0.16
  
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• BRIEF-Valeant comments on discount and rebate program for Nitropress and Isuprel

  16-09-2016 22:36
  
  Sept 16 (Reuters) - Valeant Pharmaceuticals International
  Inc :
  
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• BRIEF-Bridgepoint:The Iowa District Court for Polk County enters a written order

  16-09-2016 22:35
  
  * On Sept 15, in response to petition for declaratory and
  injunctive relief filed by ashford university, Iowa district
  court for Polk County entered a written order
  
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• BRIEF-Tessera unit enters into settlement agreement with St.Paul Mercury

  16-09-2016 22:30
  
  * Pursuant to settlement with St.Paul, Tessera will receive
  $5.0 million in q3 of 2016
  
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• Exclusive: Trucking company Schneider National pursues IPO - sources

  16-09-2016 22:29
  
  (Reuters) - Schneider National Inc, one of the largest truckload carriers in the United States, is exploring an initial public offering (IPO) that could value it at as much as $5 billion, including...
  
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• UPDATE 1-Statistics Canada head steps down abruptly, cites lack of independence

  16-09-2016 22:27
  
  OTTAWA, Sept 16 (Reuters) - The head of Canada's statistics
  agency resigned in a surprising move on Friday over concerns
  that the agency's independence is being compromised, making him
  the second top...
  
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• UPDATE 1-China's U.S. Treasuries holdings hit lowest since 2013

  16-09-2016 22:23
  
  NEW YORK, Sept 16 (Reuters) - China's holdings of U.S.
  Treasuries fell in July to their lowest since early 2013 as
  official ownership of U.S. government debt declined for a fourth
  straight month,...
  
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• US STOCKS-Wall St falls; risk of Deutsche Bank fine hits banks

  16-09-2016 22:22
  
  * Indexes end down: Dow 0.49 pct, S&P 0.38 pct, Nasdaq 0.10
  pct
  
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• BRIEF-Herman Miller enters into an amendment and restatement of an existing unsecured credit facility

  16-09-2016 22:21
  
  * Agreement, which expires on September 13, 2021, provides
  company with up to $400 million in revolving variable interest
  borrowing capacity
  
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• Divided European leaders struggle with post-Brexit vision

  16-09-2016 22:02 via news.yahoo.com
  
  By Noah Barkin and Jason Hovet BRATISLAVA (Reuters) - European leaders, struggling to overcome an historic crisis following Britain's vote to leave the EU, agreed on Friday to explore closer defense cooperation and boost security at their external borders, but could not hide deep divisions over refugees and economic policy. Meeting in the Slovak capital with the British conspicuously absent, the 27 other EU members unveiled a six-month "road map" of measures designed to restore public confidence
  
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• Wall Street falls; risk of Deutsche Bank fine hits banks

  16-09-2016 21:56 via news.yahoo.com
  
  By Noel Randewich (Reuters) - U.S. stocks fell on Friday as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates. The settlement proposal, made during negotiations between the U.S. Department of Justice and Deutsche Bank over claims that the German bank missold mortgage-backed securities, was larger than expected. Deutsche Bank's U.S.-listed shares slumped 9.
  
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• UPDATE 1-United Tech's Pratt issues will drag on cash flow -CEO

  16-09-2016 21:48
  
  NEW YORK, Sept 16 (Reuters) - United Technologies Corp's
  chief executive officer said on Friday the company would
  deliver 150 Pratt & Whitney engines this year, missing its
  target of 200 and putting...
  
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• House committee to hold hearing on Wells Fargo sales practices

  16-09-2016 21:30
  
  WASHINGTON (Reuters) - The U.S. House Financial Services Committee has opened a probe into Wells Fargo's sales practices and plans to call the company's chief executive before lawmakers at a hearing...
  
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• J&J to buy Abbott's eye care business for about $4.33 billion

  16-09-2016 21:28 via news.yahoo.com
  
  (Reuters) - Johnson & Johnson said it would buy Abbott Laboratories' eye care business for about $4.33 billion in cash. Abbott Medical Optics reported sales of $1.1 billion for 2015, J&J said on Friday. The Wall Street Journal earlier reported that Abbott was in talks to sell the business to J&J. The acquisition will include ophthalmic products in three business units: cataract surgery, laser refractive surgery and consumer eye health, J&J said. Abbott bought Advanced M
  
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• GLOBAL MARKETS-Financials drag stocks lower on Deutsche Bank fine risk

  16-09-2016 21:01
  
  * European markets lower as Deutsche Bank fine risk hit
  banks
  
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• CORRECTED-GLOBAL MARKETS-Financial stocks drag on market on Deutsche Bank fine risk, oil down

  16-09-2016 21:00
  
  * European markets lower as Deutsche Bank fine risk hits
  banks
  
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• CORRECTED-GLOBAL MARKETS-Deutsche Bank fine risk compounds miserable week for Europe

  16-09-2016 21:00
  
  * European markets lower as Deutsche Bank fine risk hits
  banks
  
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• BRIEF-Callon Petroleum Co says on September 15, co entered into purchase agreement

  16-09-2016 21:00
  
  * Callon Petroleum Co says on September 15, 2016, co entered
  into a purchase agreement - Sec Filing
  
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• Fannie Mae elects Ryan Zanin to the board

  16-09-2016 20:59
  
  (Reuters) - Fannie Mae , the largest U.S. home funding source, elected Ryan Zanin to its board of directors.
  
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• BRIEF-Corridor enters forward sale agreement for period from December 1, 2016 to March 31, 2017

  16-09-2016 20:56
  
  * Entered forward sale agreement for period from December 1,
  2016 to March 31, 2017 for an average of 4,755 mmbtu per day of
  natural gas
  
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• BRIEF-Aflac files for potential offering of senior notes due 2026, 2046 - SEC filing

  16-09-2016 20:55
  
  * Files for potential offering of senior notes due 2026 and
  senior notes due 2046; size undisclosed - SEC filingSource text - http://bit.ly/2cD4AC8
  Further company coverage:
  
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• UPDATE 2-Fans cheer, but iPhone 7 gets a subdued welcome

  16-09-2016 20:52
  
  SHANGHAI/SYDNEY/SAN FRANCISCO, Sept 16 (Reuters) - Apple
  employees enthusiastically counted down the last moments before
  stores from San Francisco to Shanghai opened on Friday to launch
  the iPhone 7,...
  
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• LATAM CLOSE-LatAm issuers raised US$4bn this week

  16-09-2016 20:50
  
  * Investors blow cold on PDVSA swap* YPF prints Swiss franc debut* EM debt funds suffer outflows: Lipper By Mike Gambale and Paul KilbyNEW YORK, Sept 16 (IFR) - Below is a recap...
  
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• Nevada approves SolarCity, Berkshire unit's rooftop solar pact

  16-09-2016 20:49
  
  Sept 16 (Reuters) - Nevada's utility regulator on Friday
  approved a settlement between SolarCity Corp and the NV
  Energy unit of Warren Buffett's Berkshire Hathaway Incthat grandfathers roughly...
  
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• Wall Street hit as Deutsche Bank fine risk triggers bank rout

  16-09-2016 20:48 via news.yahoo.com
  
  By Yashaswini Swamynathan (Reuters) - U.S. stocks were lower Friday afternoon as the possibility of a $14 billion fine against Deutsche Bank weighed on financial stocks, especially on the big Wall Street banks. The settlement proposal, made during negotiations between the U.S. Department of Justice and Deutsche Bank over claims that the German bank missold mortgage-backed securities, was larger than expected. Deutsche Bank's U.S.-listed shares were down 9.4 percent. Dow components Goldman Sachs
  
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• US STOCKS-Futures drop with oil prices

  16-09-2016 20:14 via news.yahoo.com
  
  U.S. stock index futures were lower on Friday, a day after Wall Street rallied about 1 percent and as oil prices dropped due to concerns of oversupply. * The count down to the Federal Reserve's two-day ...
  
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• Energy companies and banks lead a decline on Wall Street

  16-09-2016 19:56 via news.yahoo.com
  
  NEW YORK (AP) — Energy companies are leading a broad decline on Wall Street on Friday as the price of crude oil turns lower. Banks also fell, led by a plunge in Deutsche Bank after the giant German bank said it wouldn't settle with the Department of Justice over its handling of mortgage-backed securities in the run-up to the 2008 financial crisis.
  
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• Merkel declines comment on U.S. penalty for Deutsche Bank

  16-09-2016 19:43
  
  BERLIN, Sept 16 (Reuters) - German Chancellor Angela Merkel
  declined to comment on Friday on the decision by the U.S.
  Department of Justice to demand $14 billion from Deutsche Bank
  to settle claims...
  
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• UPDATE 2-Obama enlists Republican Kasich to push for TPP trade deal

  16-09-2016 19:40
  
  WASHINGTON, Sept 16 (Reuters) - Ohio's Republican Governor
  John Kasich took over the White House briefing lectern on Friday
  to praise the 12-nation Trans-Pacific Partnership, an unusual
  move that...
  
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• UPDATE 2-S&P upgrades Hungary in surprise gift to PM Orban

  16-09-2016 19:39
  
  * Possible foreign currency bond within a few months(Adds details, background)
  
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• BRIEF-Forbes Energy Services extends forbearance period to Oct. 14

  16-09-2016 19:38
  
  * On sept 13, Co, guarantor subs, forbearing holders amended
  Indenture Forbearance Agreement to extend forbearance period to
  October 14
  
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• Disney names ex-Warner Bros. executive Rosenblum to TV business post

  16-09-2016 19:37
  
  LOS ANGELES, Sept 16 (Reuters) - Walt Disney Co has
  hired former Warner Bros. executive Bruce Rosenblum as president
  of business operations for the Disney/ABC Television Group, the
  company said in a...
  
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• Statistics Canada head steps down abruptly, cites lack of independence

  16-09-2016 19:31
  
  OTTAWA, Sept 16 (Reuters) - The head of Canada's statistics
  agency is stepping down, the government said on Friday and media
  reports cited the country's top statistician as blaming his
  departure on a...
  
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• LPC: BDC space ripe for consolidation

  16-09-2016 19:26
  
  NEW YORK, Sept 16 (Reuters) - Business development companies
  (BDCs), which extended share price gains this summer after a
  prolonged slump, still face hurdles that prime the specialized
  closed end...
  
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