Finance news

• UPDATE 2-Ex-N.Y. Gov. Paterson, exec fined by U.S. securities regulators

  23-09-2016 23:43
  
  WASHINGTON, Sept 23 (Reuters) - Former New York Governor
  David Paterson and entertainment industry executive Charles
  Koppelman were charged by U.S. regulators on Friday for failing
  to report in a...
  
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• UPDATE 1-Caesars awaits creditor nod on sweetened deal for bankrupt unit

  23-09-2016 23:37
  
  CHICAGO, Sept 23 (Reuters) - Shares of Caesars Entertainment
  Corp slid on Friday as creditors thrashed out the terms
  of a sweetened $5 billion deal that could finally extract the
  casino company from...
  
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• BRIEF-Flowers Foods prices $400 mln of 3.500% senior notes due 2026

  23-09-2016 23:28
  
  * Flowers foods, inc. Prices $400 million of 3.500% senior
  notes due 2026
  
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• Atlantic City, NJ, given 10 days to fix state loan violation

  23-09-2016 23:26
  
  NEWARK, N.J., Sept 23 (Reuters) - Atlantic City, the
  fiscally distressed New Jersey gambling hub, has until Oct. 3 to
  correct its breach of a $73 million bridge loan from the state,
  according to a...
  
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• BRIEF-Northwest Biotherapeutics files for mixed shelf offering

  23-09-2016 23:24
  
  * Files for mixed shelf offering of up to $150 million - SEC
  filingSource text for Eikon:Further company coverage:
  
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• BRIEF-Verengo announces planned sale of assets to Crius Energy

  23-09-2016 23:08
  
  * Verengo announces planned sale of assets to Crius Energy
  under section 363 of chapter 11
  
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• BRIEF-Roper Technologies entered into a 5-year unsecured credit facility - SEC Filing

  23-09-2016 23:07
  
  * Entered into a new five-year unsecured credit facility -
  SEC Filing
  
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• CBS Radio plans $1.5 billion debt offering ahead of IPO: sources

  23-09-2016 22:57
  
  (Reuters) - CBS Radio Inc, which CBS Corpis planning to shed, is preparing to take on about $1.5 billion in debt ahead of its initial public offering and use most of the proceeds to pay its parent...
  
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• Yellowstone River reopens after deadly parasite killed thousands of fish

  23-09-2016 22:54 via news.yahoo.com
  
  By Ruffin Prevost CODY, Wyo. (Reuters) - Montana reopened a stretch of the Yellowstone River to fishing and other recreational activities on Friday after a month-long closure prompted by the spread of a deadly aquatic parasite that killed thousands of whitefish and sapped the local economy. The closure was imposed by Montana's Fish, Wildlife and Parks agency and backed by Governor Steve Bullock, who last month said the rare but virulent parasite posed a threat to Montana's outdoor economy and te
  
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• Wells Fargo hires law firm to advise on executive pay: WSJ

  23-09-2016 22:38 via news.yahoo.com
  
  (Reuters) - Wells Fargo & Co's board hired law firm Shearman & Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter. Robert Mundheim, a lawyer at the firm, is advising the bank's board on whether it should claw back pay of Chief Executive John Stumpf, Chief Operating Officer Timothy Sloan and former retail banking head Carrie Tolstedt, according to the WSJ report. The bank had said its board wil
  
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• Wall Street falls as energy lags; stocks end week up

  23-09-2016 22:24 via news.yahoo.com
  
  Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week. Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress in achieving agreement ahead of talks by crude exporters aimed at freezing production.
  
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• Wall Street falls as Apple, energy shares weigh

  23-09-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week.
  
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• Wall St. falls as Apple, energy shares weigh

  23-09-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week. The Dow Jones industrial average fell 129.03 points, or 0.7 percent, to 18,263.43, the S&P 500 lost 12.38 points, or 0.57 percent, to 2,164.8 and the Nasdaq Composite dropped 33.78 points, or 0.63 percent, to 5,305.75. (Reporting by Chuck Mikolajczak; Editing by Meredith Mazzilli)
  
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• Exchanges defeat appeal of U.S. high-frequency trading lawsuits

  23-09-2016 21:40
  
  NEW YORK (Reuters) - A federal appeals court on Friday rejected an investor's attempt to revive lawsuits accusing major U.S. exchanges of selling early access to market data to high-frequency...
  
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• Alaska Air says merger with Virgin America still on track

  23-09-2016 21:39
  
  (Reuters) - Alaska Air Group Incagreed this week to give the U.S. Justice Department additional time to review its merger with Virgin America Inc , but the deal is still on track to close in the...
  
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• UPDATE 3-Endo International CEO steps down, Campanelli named successor

  23-09-2016 21:31
  
  * Shares rise as much as 18 pct, down 67 pct YTD(Updates shares)
  
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• U.S. business borrowing for equipment up 12 percent in August: ELFA

  23-09-2016 21:19
  
  (Reuters) - Borrowings by U.S. companies for capital investment rose 12 percent in August compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said.
  
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• Year's busiest week for US IPOs offers little comfort to banks

  23-09-2016 20:33
  
  Sept 23 (Reuters) - Friday capped the busiest week for the
  U.S IPO market this year, but the country's six largest banks
  have little reason to cheer.
  
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• Amid economic anxiety, Fed officials see need for broader response

  23-09-2016 20:32 via news.yahoo.com
  
  A trio of Federal Reserve officials said the United States needed to speed up work on issues like income inequality and community development, or risk weaker economic growth and more fractured politics in the future. "This inequality question that has come to the fore, I think, has implications for economic growth, for global strength and the global role of our country," Atlanta Federal Reserve Bank president Dennis Lockhart said at a community development forum sponsored by the Philadelphia Fed
  
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• CORRECTED-TREASURIES-U.S. yields fall on bets for gradual Fed rate hikes

  23-09-2016 20:31
  
  (In 5th paragraph, corrects name of Roth's firm to MUFG
  Securities from Mitsubishi UFJ Securities USA)* Longer-dated U.S. yields fall to two-week lows* Yield curve flattens after Fed hints...
  
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• UPDATE 1-Amid economic anxiety, Fed officials see need for broader response

  23-09-2016 20:29
  
  PHILADELPHIA, Sept 23 (Reuters) - A trio of Federal Reserve
  officials said the United States needed to speed up work on
  issues like income inequality and community development, or risk
  weaker...
  
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• BRIEF-Fast Retailing intends to have 1,000 shops for its low-cost GU Brand overseas in 10 years - Nikkei

  23-09-2016 20:28
  
  * Fast Retailing intends to have 1,000 shops for its
  low-cost GU Brand overseas in 10 years, up from about 10 stores
  now - NikkeiSource text (http://s.nikkei.com/2d6k68V)
  Further company coverage:
  
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• LATAM CLOSE-No new deals in primary market on Friday

  23-09-2016 20:25
  
  * LatAm assets ease as Fed official urges rate hike* Mexico's Coke Femsa to buy Brazil's Vonpar in US$1.1bn deal* EM debt continues to enjoy inflows By Mike Gambale and Paul Kilby ...
  
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• UPDATE 2-Brookfield-led group to pay $5.2 bln for Petrobras natgas unit

  23-09-2016 20:21
  
  RIO DE JANEIRO, Sept 23 (Reuters) - Brazil's state-owned oil
  producer Petrobras agreed to sell 90 percent of a natural gas
  pipeline unit to a group led by Canada's Brookfield Asset
  Management Inc for...
  
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• After Yahoo data breach, some angry users close accounts

  23-09-2016 20:15
  
  Sept 23 (Reuters) - Many Yahoo users rushed on Friday to
  close accounts, some of which they had not used in years, after
  the internet company announced it suffered one of the world's
  largest cyber...
  
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• BRIEF-CBSN, Instagram enter partnership for presidential debate coverage

  23-09-2016 20:12
  
  * CBSN, Instagram enter partnership to feature curated
  Instagram stories in CBSN's live streaming coverage for
  presidential, vice presidential debatesFurther company coverage:
  
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• BRIEF-Ionis Pharmaceuticals - CHMP granted accelerated assessment for Nusinersen MAA

  23-09-2016 20:09
  
  * Says on Sept 23, CHMP of EMA has granted accelerated
  assessment for Nusinersen MAA for spinal muscular atrophySource - http://bit.ly/2dnvyw6
  Further company coverage:
  
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• Vivendi hopes to make Mediaset new pay-TV offer next week: source

  23-09-2016 20:07
  
  PARIS/MILAN (Reuters) - Vivendihopes to make a new offer for Mediaset'spay-TV business by the end of next week to try to end a dispute between the French and Italian media groups that erupted in...
  
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• UniCredit opens Pioneer data room to four bidders: sources

  23-09-2016 20:04
  
  MILAN (Reuters) - Italian bank UniCredithas selected four possible buyers of its Pioneer asset manager granting them access to the unit's financial data ahead of a sale later this year, two source...
  
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• Atlanta Fed's Lockhart says inequality among most pressing national issues

  23-09-2016 19:51 via news.yahoo.com
  
  Atlanta Federal Reserve Bank president Dennis Lockhart said he thought rising income inequality is among the most important issues facing the country and could weaken the economy over time. "We are an economy dominated by consumption," Lockhart said at a community development conference sponsored by the Philadelphia Federal Reserve Bank.
  
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• Office Depot to sell European operations to Aurelius Group

  23-09-2016 19:28
  
  (Reuters) - Office Depot Incsaid on Friday it would sell its European operations to investment company Aurelius Group, four months after the office supplies retailer said it would explore strategic...
  
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• Li Ka-Shing could face regulatory snag on National Grid deal: sources

  23-09-2016 19:05
  
  Reuters (Reuters) - Hong Kong billionaire Li Ka-Shing is likely to face significant regulatory hurdles if he bids for a stake in National Grid'sBritish gas networks, banking and industry sources...
  
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• Fed policy is not as accommodative as people think, Kaplan says

  23-09-2016 19:04 via news.yahoo.com
  
  HOUSTON (Reuters) - The Federal Reserve's $4.5 trillion balance sheet and its decision to keep interest rates only just above zero are not delivering as much stimulus to the U.S. economy as might be thought, a top Fed official said on Friday.
  
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• Wall Street falls as investors assess valuations after rally

  23-09-2016 19:01 via news.yahoo.com
  
  Wall Street was lower in early afternoon trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. The S&P 500 is trading 17.4 times expected earnings, above its 10-year average of 14.7, according to Starmine. "The market is taking a bit of a breather after a strong week," said Mike Bailey, director of research at FBB Capital Partner, in Bethesda, Maryland.
  
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• Goldman Sachs cutting nearly 30 percent of Asia investment banking jobs - sources

  23-09-2016 18:53 via news.yahoo.com
  
  By Pamela Barbaglia LONDON (Reuters) - Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldma
  
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• Issuers accelerate borrowing plans ahead of U.S. elections

  23-09-2016 18:51
  
  NEW YORK (Reuters) - The transatlantic loan markets are facing a busy few weeks as companies accelerate borrowing plans to take advantage of strong and liquid market conditions before running into...
  
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• Exclusive - Goldman Sachs cutting nearly 30 percent of Asia investment banking jobs: sources

  23-09-2016 18:48 via news.yahoo.com
  
  By Pamela Barbaglia LONDON (Reuters) - Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldma
  
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• RPT-UPDATE 3-Twitter begins discussions to explore a sale -source

  23-09-2016 18:35
  
  Sept 23 (Reuters) - Twitter Inc has initiated talks
  with several technology companies to explore selling itself, a
  person familiar with the matter said on Friday, as the social
  media company grapples...
  
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• Britain's FTSE 100 records best week in 3 months

  23-09-2016 18:33
  
  LONDON, Sept 23 (Reuters) - Britain's top share index
  completed its best week in almost three months on Friday,
  holding on to recent gains as a rally in housebuilders on the
  back of some positive...
  
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• Federal Reserve proposes new limits on Wall Street energy bets

  23-09-2016 18:17 via news.yahoo.com
  
  The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing enterprises like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Under current law, Goldman Sachs Group Inc and Morgan Stanley may invest in energy storage and transportation in ways that other banks can not but the Friday plan would make such bets more costly.
  
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• Pimco says bond yields to rise gradually as central banks run out of rope

  23-09-2016 17:51 via news.yahoo.com
  
  Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday. Andrew Balls, the fund's chief investment officer for global fixed income, also said financial markets were underestimating how quickly the U.S. Federal Reserve would raise interest rates, and that the Bank of England would not have to cut rates again this year to tackle the economic fallout from Brexit. In
  
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• Wall Street lower as investors assess valuations after rally

  23-09-2016 17:41 via news.yahoo.com
  
  Wall Street was lower in late morning trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. The S&P 500 is trading 17.4 times expected earnings, above its 10-year average of 14.7, according to Starmine. "The market is taking a bit of a breather after a strong week," said Mike Bailey, director of research at FBB Capital Partner, in Bethesda, Maryland.
  
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• N.Y. Fed lowers outlook on U.S. GDP growth for third and fourth quarters

  23-09-2016 17:40 via news.yahoo.com
  
  NEW YORK (Reuters) - The New York Federal Reserve on Friday lowered its forecast on U.S. economic growth in the third quarter and fourth quarters from what it estimated a week earlier following weaker-than-expected housing starts data for August.
  
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• Gibraltar looks to reinvent itself after Brexit

  23-09-2016 17:28 via news.yahoo.com
  
  GIBRALTAR/LONDON (Reuters) - Gibraltar, a rocky British enclave on Spain's southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund managers and insurers have been drawn to "the Rock" because of an attractive tax and regulatory regime, location in mainland Europe and proximity to the European market. Fund lawyers in Gibraltar say they have not seen a drop off in client queries since th
  
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• Will the Nasdaq Surge End in Another Tech Wreck?

  23-09-2016 17:15 via news.yahoo.com
  
  After the Fed delivered its "no hike" policy decision on Wednesday just as Wall Street wanted, we're back to the races. The tech-heavy Nasdaq Composite has surged to new highs for two straight days. At the same time, investors are shunning boring areas of the market like consumer staples.
  
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• BRIEF-Adinotec: court lifts insolvency over assets of Adinotec AG

  23-09-2016 17:00
  
  * Court lifts insolvency over assets of Adinotec AGSource text for Eikon:Further company coverage:
  (Gdynia Newsroom)
  
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• EU bids to seal Canada trade pact as U.S. deal prospects fade

  23-09-2016 16:59 via news.yahoo.com
  
  EU ministers took steps on Friday to approve a contentious free trade deal with Canada, while France and Austria demanded that talks towards a similar agreement with the United States should stop. After a first session devoted to the Comprehensive Economic and Trade Agreement (CETA) struck with Canada two years ago but still awaiting approval, ministers agreed the two sides would produce a binding declaration that spelt out the limits of the pact to dispel public concerns. The ministers are expe
  
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• BRIEF-RBA Holdings largest creditor seeks control of co

  23-09-2016 16:57
  
  * Housing Impact Fund South Africa Trust (HIFSA) has advised
  BRP that it is not willing to consider any plan that will not
  include a mechanism where it is able to obtain full control of
  RBA Group
  
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• Investment firm Angelo, Gordon lays framework for succession

  23-09-2016 16:34
  
  BOSTON (Reuters) - Investor Michael Gordon has no plans to retire but when he does he wants to ensure that Angelo, Gordon, the $26 billion firm he co-founded with John Angelo 28 years ago, survives...
  
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• Ukraine says peace process at risk without EU sanctions

  23-09-2016 16:25 via news.yahoo.com
  
  By Robin Emmott BRUSSELS (Reuters) - Loosening the European Union's economic sanctions on Russia would wreck the ceasefire in eastern Ukraine, because the measures are the West's only leverage over Moscow, Kiev's deputy foreign minister said on Friday. Next month, EU leaders are set to discuss the sanctions on Russia's energy, financial and defense sectors, which were imposed after Moscow annexed Crimea in 2014. Countries with closer ties to Russia, including Cyprus, Italy and Hungary, are pushi
  
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