Finance news

• BRIEF-Straight path receives letter of inquiry from FCC

  27-09-2016 23:13
  
  * Straight Path Communications Inc saysintends to continue
  to cooperate with the FCC
  
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• UPDATE 1-Political stability key for Brazil to grow again - U.S. official

  27-09-2016 23:10
  
  BRASILIA, Sept 27 (Reuters) - The return of political
  stability is crucial for Brazil, Latin America's largest
  economy, to pull out of a bruising recession and grow again,
  said a senior U.S. official...
  
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• CANADA STOCKS-TSX down with energy stocks on no OPEC deal

  27-09-2016 23:10
  
  TORONTO, Sept 27 (Reuters) - Energy and mining stocks
  dragged Canada's main stock index lower on Tuesday, cancelling
  out a modest relief rally elsewhere from a perceived win for
  Democrat Hillary...
  
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• BRIEF-Great Plains Energy announces concurrent offerings of common stock

  27-09-2016 23:09
  
  * Great plains energy announces concurrent offerings of
  common stock and depositary shares representing interests in
  mandatory convertible preferred stock
  
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• BRIEF-EJF Capital reports 5.9 pct passive stake in Oceanfirst Financial

  27-09-2016 23:08
  
  * Ejf Capital LLC reports 5.9 pct passive stake In
  Oceanfirst Financial Corp as of September 19, 2016 -
  SEC filing
  Source text for Eikon:Further company coverage:
  
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• BRIEF-Nexstar broadcasting prices $2.75 billion term loan B facility

  27-09-2016 23:06
  
  * Now expects to generate over $540 million of average
  annual free cash flow over 2016/2017 period
  
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• BRIEF-Swift energy announces Marc Rowland as chairman of the board

  27-09-2016 23:03
  
  * Swift energy announces Marc Rowland as chairman of the
  board
  
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• UPDATE 3-U.S. stop-gap bill to avoid government shutdown fails Senate procedural vote

  27-09-2016 23:01
  
  WASHINGTON, Sept 27 (Reuters) - A stop-gap funding bill to
  avoid a federal government shutdown later this week failed to
  garner enough votes to move forward in the Senate on Tuesday,
  with Democrats...
  
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• BRIEF-Total energy services plans to repurchase shares

  27-09-2016 23:01
  
  * To undertake a normal course issuer bid that will expire
  on September 29, 2017
  
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• Wall Street climbs in wake of first presidential face-off

  27-09-2016 22:55 via news.yahoo.com
  
  Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. Following the first of three presidential debates on Monday, Republican candidate Donald Trump vowed to hit Clinton harder after she put him on the defensive. "From a market perspective, rightly or wrongly, there is an understanding that Mrs. Clinton would be a safe pair of hands, that ther
  
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• BRIEF-T2 biosystems says it has sold $39.7 million in equity financing

  27-09-2016 22:52
  
  * Says it has sold $39.7 million in equity financing - SEC
  filingSource text for Eikon:Further company coverage:
  
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• U.S. Supreme Court declines financier's bid to block SEC action

  27-09-2016 22:51
  
  WASHINGTON, Sept 27 (Reuters) - The U.S. Supreme Court on
  Tuesday rejected a request by Lynn Tilton, the New York
  financier accused by the Securities and Exchange Commission of
  defrauding investors,...
  
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• Caesars strikes deal to end main unit's costly bankruptcy

  27-09-2016 22:47 via news.yahoo.com
  
  Caesars Entertainment Corp said on Tuesday it has struck a crucial $5 billion deal with most of its casino operating unit's creditors, resolving billions of dollars in legal claims and paving the subsidiary's way out of a costly bankruptcy. Junior creditors led by hedge fund Appaloosa Management accused the Caesars parent and its private equity owners Apollo Global Management and TPG Capital Management [TPG.UL] of looting the operating unit of its best assets and leaving it bankrupt. Apollo and
  
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• US STOCKS-Wall Street climbs in wake of first presidential face-off

  27-09-2016 22:40 via news.yahoo.com
  
  Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. ...
  
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• West Coast dockworkers, shippers to talk contract extension

  27-09-2016 22:23 via news.yahoo.com
  
  Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday. Negotiators for the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union tentatively plan to meet on Nov. 1-2 to discuss the proposal, which comes about 19 months after a contract settlement that capped months of labor
  
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• Wall Street climbs as consumer and tech stocks lead

  27-09-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday while the perceived win by Democrat Hillary Clinton in the first presidential debate gave broader support to equities.
  
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• StanChart tells authorities about corruption allegations at Indonesian firm

  27-09-2016 21:59 via news.yahoo.com
  
  By Lawrence White and Joel Schectman LONDON/WASHINGTON (Reuters) - Standard Chartered has told "appropriate authorities" about alleged corruption at an Indonesian power plant company majority-owned by its private equity arm, the bank said on Tuesday. The statement came in response to an earlier Wall Street Journal report that the U.S. Department of Justice is investigating whether Standard Chartered failed to stop possible bribery and other misconduct at MAXpower Group Pte Ltd, which builds and
  
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• Wall Street reacts to Trump with a shrug despite pro-business bluster

  27-09-2016 21:55 via news.yahoo.com
  
  Donald Trump is running for president on the premise that his business acumen makes him the best man for the job, but reaction from the business community Tuesday suggests that's far from the consensus view. Ordinarily, pronouncements like that would be music to the ears of a Wall Street audience.
  
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• U.S. prepares bevy of rule proposals on asset management, trading

  27-09-2016 21:50
  
  WASHINGTON (Reuters) - The top two U.S. securities regulators on Tuesday outlined rule proposals ranging from asset management to swaps dealing they will take up in coming months, indicating the...
  
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• Factbox: Clinton's policies on economy, Islamic State, other issues

  27-09-2016 21:50 via news.yahoo.com
  
  Democratic presidential candidate Hillary Clinton has pledged to raise taxes on the wealthy, preserve the Dodd-Frank financial reform law and provide a path to citizenship for undocumented workers. Here are the proposals the former secretary of state has made as part of her argument that she is best qualified to occupy the Oval Office: ECONOMIC POLICY Clinton has said the rich, not the middle class, would see their taxes go up. Clinton has also called for an additional 4 percent tax on those mak
  
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• Factbox: Trump's policies on immigration, economy, other issues

  27-09-2016 21:48 via news.yahoo.com
  
  (Reuters) - Republican presidential candidate Donald Trump wants to build a wall on the border with Mexico, boost spending on the military and slap trade tariffs on China. Here are those positions and others the real estate developer, who has never held elective office, has put forward to convince the American people that he should be the next U.S. chief executive: ECONOMIC POLICY Trump has proposed collapsing the current seven income tax brackets to three with rates of 12 percent, 25 percent an
  
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• Wall Street rises in wake of first presidential face-off

  27-09-2016 20:55 via news.yahoo.com
  
  Consumer and technology stocks including Amazon led gains on Wall Street on Tuesday as some investors deemed Democrat Hillary Clinton to have won a presidential debate against Republican rival Donald Trump. Amazon.com increased 1.98 percent and the consumer discretionary index gained 0.93 percent higher after a report showed that the consumer confidence index for September rose to its highest level in nine years. Following the first of three presidential debates on Monday, Trump vowed to hit Cli
  
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• Trump Could Still Win — and Stocks Aren’t Ready for Him

  27-09-2016 20:51 via news.yahoo.com
  
  Monday night’s debate, billed as the biggest presidential debate of the century and maybe the most watched ever, is contributing to a small bump for stocks. “What we’re seeing in markets this morning is a small, collective sigh of relief because most commentators, and the few polls that have been released, suggest that Clinton won the debate,” says James Athey of Aberdeen Asset Management. For the economy and the stock market, the outcome of the presidential election on N
  
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• Bank of England begins corporate debt purchases

  27-09-2016 20:40 via news.yahoo.com
  
  The Bank of England on Tuesday began buying £10 billion of corporate debt under a wide-ranging stimulus programme aimed at propping up the economy after Britain voted to exit the EU. The BoE last month announced it would buy company bonds worth the equivalent of $13 billion or 11.6 billion euros over an 18-month period. It came as the BoE slashed its key interest rate by a quarter-point to a record-low 0.25 percent and expanded its main quantitative easing (QE) bond-buying scheme by
  
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• Global stocks bounce after U.S. debate; oil falls

  27-09-2016 20:31 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Tuesday, led by gains in the U.S. technology and consumer sectors following the presidential debate between Hillary Clinton and Donald Trump, while oil prices fell on fading hopes of agreement on limiting production. Anxiety about the fortune of Deutsche Bank curtailed Wall Street's advance and kept European equity markets little changed. A firmer dollar in the aftermath of the first Clinton-Trump debate helped send
  
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• Global stocks bounce up after U.S. debate; oil falls

  27-09-2016 20:17 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Tuesday, led by gains in the U.S. technology and consumer sectors following the presidential debate between Hillary Clinton and Donald Trump, while oil prices fell on fading hopes of agreement on limiting production. Anxiety about the fortune of Deutsche Bank curtailed Wall Street's advance and kept European equity markets little changed. A firmer dollar in the aftermath of the first Clinton-Trump debate helped send
  
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• Worries over German banks sink bond issue, rattle shares

  27-09-2016 19:41 via news.yahoo.com
  
  Deutsche Bank shares hit a record low on Tuesday and state-backed lender NordLB scrapped plans for a 500 million euro ($560 million) bond sale, underlining investor concern about the health of the financial industry in Europe's largest economy. The decision by NordLB to shelve the bond issue because of a lack of demand came a day after Deutsche, Germany's largest bank with around 100,000 employees, was forced to reassure investors it did not need government support to help meet a potential $14 b
  
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• Wall Street rises as tech, discretionary stocks gain

  27-09-2016 19:07 via news.yahoo.com
  
  The consumer discretionary index rose 0.88 percent after a report showed that the consumer confidence index for September rose to its highest level in nine years. "The number came in much better than expected, so consumer stocks seem to be catching a bit after having a hard time for probably a month or two," said Mark Spellman, portfolio manager at Alpine Funds in New York. The Nasdaq Composite was up 39.57 points, or 0.75 percent, at 5,297.06.
  
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• Immigrants a possible boon to host economies, IMF says

  27-09-2016 18:46 via news.yahoo.com
  
  The International Monetary Fund on Tuesday said immigration could help boost economic growth in host countries and called for the swift integration of new workers to help surmount political tensions. "Migration may stir social tensions and provoke a political backlash in recipient economies, but past experience suggests it may also offer gains in terms of higher growth, productivity, and relief from population aging," the report said. According to the IMF, unease over migration also helped drive
  
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• Rebels could become guides, cheesemakers in post-war Colombia

  27-09-2016 18:16 via news.yahoo.com
  
  By Julia Symmes Cobb and Nelson Bocanegra EL DIAMANTE, Colombia (Reuters) - Veterans of Colombia's FARC guerrilla army could soon be making a living as eco-tourism guides, beef processors or cheese makers under plans by the Marxist group to invest in economic projects once a peace deal takes hold. Vast swathes of rural land abandoned for decades because of war will be open to development, including by ex-fighters from the Revolutionary Armed Forces of Colombia (FARC) working on communa
  
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• Wells Fargo may claw back some executive pay: report

  27-09-2016 18:01 via news.yahoo.com
  
  The board of directors of Wells Fargo & Co. is reported to be considering clawing back some of the millions of dollars in pay to some of its top executives. The Wall Street Journal, citing an unnamed source, reported that Wells Fargo's board could move as soon as Tuesday to get back money from and current CEO John Stumpf and Carrie Tolstedt, the bank's former head of retail banking. Wells Fargo has been under pressure since it emerged in August that the San Francisco
  
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• TIMELINE-Key moments in the contentious Caesars bankruptcy

  27-09-2016 17:59
  
  CHICAGO, Sept 27 (Reuters) - Hold-out creditors of Caesars
  Entertainment Corp's bankrupt operating unit accepted a
  sweetened $5 billion deal on Tuesday that could finally
  extricate the casino company...
  
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• Standard Chartered probed by US DoJ for Indonesia 'bribes'

  27-09-2016 17:56 via news.yahoo.com
  
  Standard Chartered acknowledged Tuesday it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The Wall Street Journal newspaper said that an internal audit at Indonesian energy company Maxpower Group found evidence of possible bribery and US prosecutors were examining whether Standard Chartered was culpable for not stopping it. The Department of Justice did not comment when contacted by AFP.
  
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• U.S. stocks firm after debate but oil a drag

  27-09-2016 17:52 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - U.S. stock prices rose on Tuesday following the presidential debate between Hillary Clinton and Donald Trump, but losses in the oil market and anxiety about the fortune of Deutsche Bank limited Wall Street's advance. Oil prices gave back some of Monday's gains on fizzling hopes of an agreement among major producers to freeze output in a bid to deal with the current global oversupply. A stronger dollar in the aftermath of the first Clinton-Trump debate helped
  
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• IMF warns central banks could lose deflation fight

  27-09-2016 17:39 via news.yahoo.com
  
  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation -- low and slowing inflation -- due to weak global economic growth. If central banks around the world cannot halt this stall, and if companies and people increasingly believe they can't halt it, their economies ris
  
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• Wall Street propped up by tech, discretionary stocks

  27-09-2016 17:32 via news.yahoo.com
  
  Wall Street rose for the first time in three days on Tuesday, helped by technology and discretionary stocks, but weak oil prices limited gains. Amazon.com rose 1.3 percent, lifting the consumer discretionary index. JPMorgan raised its price targets on the two stocks.
  
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• Fed's Fischer urges diversity, steers clear of policy outlook

  27-09-2016 17:18 via news.yahoo.com
  
  American men in their prime working years may be hunting for jobs at a lower rate because of public assistance income and a drop in demand for low skilled labor, Federal Reserve Governor Stanley Fischer said on Tuesday. Speaking at Howard University in Washington, Fischer did not address the outlook for the U.S. economy or for monetary policy although he was due to take audience questions following his remarks. Fischer urged students at the university, one of America's traditionally black colleg
  
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• US consumer confidence jumps in September

  27-09-2016 17:07 via news.yahoo.com
  
  WASHINGTON (AP) — U.S. consumer confidence in September rose to the highest level in nine years, a hopeful sign that economic growth will accelerate in coming months.
  
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• BAML hosts Instinct Loans charity event Tuesday

  27-09-2016 16:56
  
  NEW YORK (Reuters) - Bank of America Merrill Lynch is hosting a charity event Tuesday, donating all commissions for transactions made through its electronic loan trading platform, Instinct Loans, to...
  
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• Wells Fargo likely to decide on clawback before Thursday: WSJ

  27-09-2016 16:44 via news.yahoo.com
  
  (Reuters) - Wells Fargo & Co's board is likely to decide on whether to claw back pay from former retail-banking head Carrie Tolstedt and Chief Executive John Stumpf ahead of a congressional hearing on Thursday, the Wall Street Journal reported.
  
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• US housing price gains slow in July

  27-09-2016 16:31 via news.yahoo.com
  
  The S&P Case-Shiller price index for 20 major US cities recorded a 5 percent annual increase, down from 5.1 percent in June. Continued expansion in the housing sector coincides with market expectations that economic growth and low interest rates from the US Federal Reserve will persist, according to David Blitzer, head of the index committee at S&P Dow Jones Indices, which produced the data. "Most analysts now expect the Fed to raise interest rates in December.
  
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• Uber launches global assault on food delivery market

  27-09-2016 16:06 via news.yahoo.com
  
  By Eric Auchard AMSTERDAM (Reuters) - Uber is making an aggressive drive into meal delivery, backed by a wave of staff recruitment, with the U.S. tech heavyweight gearing up to enter at least 22 new countries and take on local rivals. In a measure of rising ambition beyond its taxi business, Uber [UBER.UL] will begin delivering meals in Amsterdam on Thursday just as Dutch market leader Takeaway.com , begins trading on the city's stock market.
  
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• Wall Street propped up by tech stocks

  27-09-2016 16:03 via news.yahoo.com
  
  Wall Street was higher for the first time in three days on Tuesday as a rise in technology stocks helped offset losses in energy shares. Google parent Alphabet rose 0.7 percent after JPMorgan raised its price target on the stock, driving the S&P 500 technology index up 0.4 percent. The S&P 500 energy index dropped 1.22 percent.
  
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• Namibia's economy contracts 1.2 percent in Q2

  27-09-2016 15:13 via news.yahoo.com
  
  Namibia's economy shrunk by 1.2 percent in the second quarter of 2016 compared with a revised 3.4 percent expansion in the first three months of the year, data on the statistics agency's website showed on Tuesday. Construction, hospitality and mining sectors were the largest contributors to the decline, contracting 19.9 percent, 15.5 percent and 13.2 percent respectively in the quarter.
  
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• CORRECTED-UPDATE 1-Caesars strikes deal to end main unit's bankruptcy

  27-09-2016 15:12
  
  CHICAGO, Sept 27 (Reuters) - Caesars Entertainment Corp
  has struck a deal with most of its operating unit's
  creditors, resolving billions of dollars in legal claims and
  paving the way to end to its...
  
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• U.S. home prices rise slightly less than forecast

  27-09-2016 15:01 via news.yahoo.com
  
  "Both the housing sector and the economy continue to expand with home prices continuing to rise at about a 5 percent annual rate," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.
  
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• Scotland tells London - Give us clarity on what Brexit means

  27-09-2016 15:00 via news.yahoo.com
  
  By Helen Reid LONDON (Reuters) - Scotland wants to have more detail about how the British government plans to leave the European Union to prevent a "hard Brexit" that would severely damage the economy, Scottish First Minister Nicola Sturgeon said on Tuesday. After Britain's vote to leave the EU, Sturgeon said Scotland may seek another independence referendum - something that could split the world's fifth largest economy apart just as it attempts to go it alone outside the European bloc. A suppor
  
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• Global markets - Europe's bank angst sours U.S. debate rally

  27-09-2016 14:56 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Worries about Europe's banks wrenched stocks into reverse on Tuesday and halted a surge in Mexico's peso that followed Democrat Hillary Clinton's victory over Republican Donald Trump in the first U.S. presidential debate. Europe's mood soured as Deutsche Bank shares hit another record low on nagging worries about the lender's health and left Wall Street futures pricing in barely a rise for the S&P 500 and Dow Jones Industrial.
  
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• Europe's bank angst sours U.S. debate rally

  27-09-2016 14:53 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Worries about Europe's banks wrenched stocks into reverse on Tuesday and halted a surge in Mexico's peso that followed Democrat Hillary Clinton's victory over Republican Donald Trump in the first U.S. presidential debate. Europe's mood soured as Deutsche Bank shares hit another record low on nagging worries about the lender's health and left Wall Street futures pricing in barely a rise for the S&P 500 and Dow Jones Industrial .
  
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• Worries over German banks sink bond issue, hit shares

  27-09-2016 14:41 via news.yahoo.com
  
  By Jonathan Gould FRANKFURT (Reuters) - Deutsche Bank shares hit a record low on Tuesday and state-backed lender NordLB scrapped plans for a 500 million euro ($560 million) bond sale, underlining investor concern about the health of the financial industry in Europe's largest economy. The decision by NordLB to shelve the bond issue because of a lack of demand came a day after Deutsche, Germany's largest bank with around 100,000 employees, was forced to reassure investors it did not need governmen
  
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