Finance news

• BRIEF-Tengasco announces initial filing for a rights offering

  17-10-2016 23:52
  
  * Announces initial filing for a rights offeringSource text for Eikon:Further company coverage:
  
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• UPDATE 1-Egypt to gather additional $6 bln required for IMF deal

  17-10-2016 23:44
  
  CAIRO, Oct 17 (Reuters) - please file from emea desk edit
  basket - cr
  Egyptian Finance Minister Amr El Garhy said on Monday his
  country would gather an additional $6 billion in bilateral
  funding...
  
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• BRIEF-Ingredion says terminated revolving credit agreement

  17-10-2016 23:38
  
  * Says on October 11, 2016, company terminated revolving
  credit agreement dated as of October 22, 2012
  
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• BRIEF-Northern Tier announces tender offer for its 7.125 pct senior secured notes

  17-10-2016 23:35
  
  * Announces tender offer for its 7.125 percent senior
  secured notes
  
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• BRIEF-Resources Connection LLC, domestic units enter into credit agreement

  17-10-2016 23:29
  
  * Resources Connection Inc - Resources Connection LLC and
  their domestic subsidiaries entered into a credit agreement -
  SEC filing
  
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• BRIEF-Harsco to launch new credit facilities process

  17-10-2016 23:11
  
  * Says seeking to raise new senior secured credit facilities
  comprising a $400 million revolving credit facility and a $550
  million term loan B facility
  
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• BRIEF-Enviva Partners qtrly estimated net revenues of between $115 mln and $116 mln

  17-10-2016 23:09
  
  * Qtrly estimated net revenues of between $115.0 million and
  $116.0 million - SEC filing
  
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• Netflix beats Street 3Q forecasts

  17-10-2016 23:08 via news.yahoo.com
  
  Netflix Inc. (NFLX) on Monday reported third-quarter profit of $51.5 million. On a per-share basis, the Los Gatos, California-based company said it had net income of 12 cents. The results topped Wall Street ...
  
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• BRIEF-Petroquest Energy and its units entered into multidraw term loan agreement with Franklin Custodian Funds

  17-10-2016 23:06
  
  * PetroQuest Energy Inc-On October 17, 2016, co and unitsentered into multidraw term loan agreement with Franklin
  Custodian Funds - SEC filing
  
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• Egypt to gather additional $6 bln required for IMF deal within 1-2 weeks -finmin to CBC

  17-10-2016 23:04
  
  CAIRO, Oct 17 (Reuters) - Egyptian Finance Minister Amr El
  Garhy said on Monday his country would gather an additional $6
  billion in bilateral funding required to secure a $12 billion
  International...
  
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• Rich countries 'confident' of meeting climate finance pledge

  17-10-2016 23:01 via news.yahoo.com
  
  Rich countries, which have pledged $100 billion (91 billion euros) every year from 2020 for poor countries to deal with climate change, said Monday they were "confident" of meeting the target. Pledges made in 2015 alone would boost public finance from $41 billion in 2013-14 to $67 billion in 2020, they said in a report entitled "Roadmap to $100 billion". This was based on calculations of the Organisation for Economic Cooperation and Development (OECD), and relate to funds from governments and mu
  
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• Mismanagement cost NY pension $3.8 billion over eight years: regulator

  17-10-2016 22:56
  
  (Reuters) - Bets on expensive but poorly performing hedge funds have cost pensioners in New York $3.8 billion in the last eight years, according to a report published by the state's financial...
  
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• UPDATE 1-St Jude forms cyber panel after claims of heart-device bugs

  17-10-2016 22:44
  
  Oct 17 (Reuters) - Medical-device maker St. Jude Medical Inc
  said on Monday that it planned to set up a medical
  advisory board focused on cyber-security issues affecting
  patient care and safety.
  
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• Stocks slip, bond yields dip from four-month highs

  17-10-2016 22:32 via news.yahoo.com
  
  NEW YORK (Reuters) - Major stock markets around the world fell on Monday and U.S. and European bond yields slipped from four-month highs amid uncertainty over the health of the global economy.
  
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• Wall Street slips as energy, consumer stocks drag

  17-10-2016 22:21 via news.yahoo.com
  
  Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector. Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates and noted the central bank is "very close" to its employment and inflation targets, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a dove who has supported a rate hike, come a
  
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• UPDATE 1-Brazil regulator 'prepared' to intervene in Oi if needed

  17-10-2016 22:21
  
  SAO PAULO, Oct 17 (Reuters) - The head of Brazil's telecom
  watchdog Anatel said on Monday it was not the government's goal
  to intervene in Oi SA but that it must "be prepared"
  to do so should the...
  
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• Exclusive: New Boeing 737 economy seat supplier books initial sales

  17-10-2016 21:42 via news.yahoo.com
  
  NEW YORK (Reuters) - A new supplier of economy class seats for Boeing Co's top-selling 737 jetliners has signed its first two customers, allowing it to begin production, a person familiar with the matter said on Monday. The agreements with Huntington Beach, California-based LIFT by EnCore, which are due to be announced as early as this week, are the first in which Boeing buys the seats from the supplier, so-called "seller-furnished equipment," essentially guaranteeing they will arrive on time. (
  
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• Morgan Stanley taps Nilton David as Brazil trading head: sources

  17-10-2016 21:31
  
  SAO PAULO (Reuters) - Morgan Stanley, which recently rose to become Brazil's No. 2 broker by trading volume, has hired Nilton David as a managing director to head trading desk activities in the...
  
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• Havana suspends new licenses for private restaurants, owners fret

  17-10-2016 21:14 via news.yahoo.com
  
  By Marc Frank HAVANA (Reuters) - Havana's city government has temporarily suspended issuing licenses for new private restaurants in the city and warned existing ones to obey tough regulations, according to several owners of the businesses popular with foreign tourists. The tougher line could put a crimp in Havana's food offering during the upcoming tourism season when both Americans and Europeans are expected to flock to the city in record numbers. It is also a new sign that Cuba's Communist-run
  
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• Greeks protest labor reform as lenders due to start fresh review

  17-10-2016 20:51 via news.yahoo.com
  
  Greeks demanded their government protect wages, pensions and restore collective bargaining on Monday, staging a noisy reminder of popular dissent to leaders poised to start fresh negotiations with lenders. Athens and its creditors are due to launch a fresh round of talks this week on reforming its labor market, among conditions of a multi-billion euro bailout and a vital economic test if the indebted country is ever to win debt relief. "A leftist government should speak in the name of the people
  
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• St Jude forms cyber panel after claims of heart-device bugs

  17-10-2016 20:35
  
  Oct 17 (Reuters) - Medical-device maker St. Jude Medical Inc
  said on Monday that it planned to set up a medical
  advisory board focused on cyber-security issues affecting
  patient care and safety.
  
  Read more

• Fed 'very close' to employment, inflation goals: Fischer

  17-10-2016 20:28 via news.yahoo.com
  
  The Federal Reserve is "very close" to its U.S. employment and inflation targets, Fed Vice Chair Stanley Fischer said on Monday, as he warned against making rash changes to the policy framework in an effort to boost economic growth. Fischer, speaking to the Economic Club of New York, mapped out a world where low growth hamstrings central banks from effective recession-fighting, and said the U.S. economy may face longer and deeper recessions in the future if interest rates remain stuck at current
  
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• Global stocks slip, bond yields dip from four-month highs

  17-10-2016 19:42 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Major stock markets around the world fell on Monday and U.S. and European bond yields slipped off four-month highs amid uncertainty over the health of the global economy. U.S. stocks fell as declining oil prices pushed energy stocks down and traders sold Bank of America shares despite a well-received earnings report from the country's second-largest bank by assets. Stocks touched their lows of the day following comments from Federal Reserve Vice Chairman Stan
  
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• Pearson slump, weak energy shares hit Britain's FTSE

  17-10-2016 19:40
  
  * Energy shares track weaker oil prices(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
  
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• Fischer says Fed 'very close' to goals for U.S. jobs, inflation

  17-10-2016 19:23 via news.yahoo.com
  
  The Federal Reserve is very close to its U.S. employment and inflation targets, the Fed's vice chair said on Monday, adding he is therefore "not enthusiastic" about raising the price-level target in an attempt to spur economic growth. "We are very close to our targets" of full employment and 2-percent inflation, said Stanley Fischer. "So we're not in deep trouble with monetary policy at the moment," he responded when asked about the concept of raising the Fed's inflation target.
  
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• Wall Street dips as energy, consumer stocks weigh

  17-10-2016 19:06 via news.yahoo.com
  
  Wall Street was near session lows on Monday afternoon as energy stocks slipped along with oil prices, and Amazon and Netflix weighed on consumer stocks. Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a dove who has supported a rate hike, come even as other Fed officials have recently said the current state of affairs may be about as goo
  
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• Wall St. dips as energy, consumer stocks weigh

  17-10-2016 19:06 via news.yahoo.com
  
  Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a dove who has supported a rate hike, come even as other Fed officials have recently said the current state of affairs may be about as good as it gets.
  
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• ISS recommends investors back Agrium-Potash Corp merger

  17-10-2016 19:05
  
  (Reuters) - Investor advisory company Institutional Shareholder Services (ISS) has recommended that investors in fertilizer producers Agrium Incand Potash Corp of Saskatchewansupport a merger of...
  
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• Carl Icahn on CNBC says a lot of companies are 'way overvalued'

  17-10-2016 18:55 via news.yahoo.com
  
  NEW YORK (Reuters) - Billionaire investor Carl Icahn told CNBC on Monday that many S&P 500 companies are "way overvalued" considering the risk in emerging markets. Icahn says he is "more and more concerned" about the U.S. stock market but still stood by his major investment in Herbalife ltd, which he called "undervalued, a good model and gives jobs to a lot of people." (Reporting By Jennifer Ablan)
  
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• German minister heading to Iran, Siemens hopes for rail deal

  17-10-2016 18:39 via news.yahoo.com
  
  German Transport Minister Alexander Dobrindt will travel to Iran with a trade delegation on Friday to meet the transport and industry minister, his spokesman said on Monday, and an industry source said Siemens would be going too. Siemens has long been in negotiations with Iran over an order for track technology and ICE 3 trains, a model of intercity train in use in Germany. German Economy Minister Sigmar Gabriel traveled to Iran at the start of the month and during that trip Siemens got an order
  
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• Fed's Fischer: downshift in potential means 'not that simple' to raise rates

  17-10-2016 18:16 via news.yahoo.com
  
  The U.S. economy may face longer and deeper recessions in the future if interest rates remain stuck at current low levels, Fed Vice Chair Stanley Fischer said on Monday as he mapped out a world in which low growth hamstrings central banks from effective recession-fighting.
  
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• Customers pile in, analysts fret as U.S. banks offer rich card awards

  17-10-2016 18:12
  
  NEW YORK (Reuters) - Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies.
  
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• European shares fall as weak earnings hit Pearson and Marine Harvest

  17-10-2016 18:03 via news.yahoo.com
  
  European shares fell on Monday as weak-looking business updates from firms such as media group Pearson and Norwegian seafood company Marine Harvest weighed on the market. The pan-European STOXX 600 index ...
  
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• BRIEF-Oakbay Investments confirms no money removed from mine fund

  17-10-2016 17:54
  
  * Confirms that no monies have been removed from Optimum
  Rehabilitation Fund
  
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• UPDATE 2-Beltone Financial shares suspended amid confusion over independent valuation

  17-10-2016 17:53
  
  CAIRO, Oct 17 (Reuters) - Trading in shares of Egypt's
  Beltone Financial was temporarily suspended on Monday amid
  confusion over an independent valuation of the stock, the latest
  twist in a...
  
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• Weak utilities demand restrains U.S. industrial production

  17-10-2016 17:47 via news.yahoo.com
  
  U.S. industrial production barely rose in September as a rebound in manufacturing and mining output was offset by surprisingly weak demand for utilities, pointing to a moderate acceleration in economic growth in the third quarter. Gains in output are likely to be muted as the sector remains constrained by the lingering effects of the dollar's past rally, a collapse in oil prices and weak global demand. The Fed said industrial output edged up 0.1 percent last month after declining 0.5 percent in
  
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• BRIEF-Energy Future Holdings appoints Paul Keglevic as CEO, Chief Restructuring Officer

  17-10-2016 17:36
  
  * Energy Future Holdings - Appointed Paul Keglevic as CEO,
  Chief Restructuring Officer; Anthony Horton as Executive Vice
  President, CFO, TreasurerSource text for Eikon:Further company coverage:
  
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• Wall Street dips in choppy trade; earnings, Fischer in focus

  17-10-2016 17:27 via news.yahoo.com
  
  Wall Street inched lower in a choppy session on Monday as an advance in technology and financial stocks offset the effects of lower oil prices and a dip in healthcare stocks. Investors are also awaiting Federal Reserve Vice Chairman Stanley Fischer's speech at 12:15 p.m. ET (1615 GMT), when he is expected to offer his thoughts on raising interest rates. With third-quarter earnings reports in full flow this week, investors will be hoping corporate America's profits fare better in the second half
  
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• Wall St. dips in choppy trade; earnings, Fischer in focus

  17-10-2016 17:26 via news.yahoo.com
  
  Investors are also awaiting Federal Reserve Vice Chairman Stanley Fischer's speech at 12:15 p.m. ET (1615 GMT), when he is expected to offer his thoughts on raising interest rates. With third-quarter earnings reports in full flow this week, investors will be hoping corporate America's profits fare better in the second half of the year than they did in the first.
  
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• Pernod Ricard welcomes U.S. move on Cuban rum

  17-10-2016 16:50 via news.yahoo.com
  
  An easing of limits on how much rum Americans can bring back from Cuba for personal use brings Pernod Ricard a step closer to being allowed to export its Cuban-made rum directly to U.S. consumers. Pernod Ricard has been waiting for a long time to be allowed to sell its Cuban-made rum in the United States and will be able to do so only when Washington's economic embargo is lifted. "Pernod Ricard is delighted to learn that the $100 restriction is being lifted and that U.S citizens and travellers t
  
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• Global stocks fall, bond yields retreat from four-month highs

  17-10-2016 16:50 via news.yahoo.com
  
  NEW YORK (Reuters) - Stocks around the globe were lower on Monday and European bond yields fell from four-month highs as worries continued over the health of the global economy.
  
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• Amid government silence, Venezuela's microcephaly babies struggle

  17-10-2016 16:38 via news.yahoo.com
  
  By Alexandra Ulmer GUARENAS, Venezuela (Reuters) - Deep inside a hilly Venezuelan slum, Ericka Torres rocks her three-month-old son Jesus to soothe his near-constant crying. Jesus was diagnosed with microcephaly, a birth defect marked by a small head and serious developmental problems, after his mother contracted what was probably the mosquito-borne Zika virus during pregnancy in the poor city of Guarenas. Torres said her boyfriend left after scans showed their child had birth defects, and she n
  
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• MOVES-Pimco names Alice Cavalier senior vice president

  17-10-2016 16:27
  
  Oct 17 (Reuters) - Pimco, a unit of German insurer Allianz
  SE, named Alice Cavalier senior vice president in its
  alternatives team.
  
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• BRIEF-Blackrock's Turnill expects annual returns on govt bonds near zero over next 5 years

  17-10-2016 16:27
  
  * See global portfolio of 60 percent equities, 40 percent
  bonds generating annual return of 3 percent in USD terms over
  next 5 years before fees
  
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• UPDATE 2-Caterpillar CEO Doug Oberhelman to retire in 2017

  17-10-2016 16:25
  
  Oct 17 (Reuters) - Caterpillar Inc said on Monday
  that chief executive Doug Oberhelman will retire in 2017 as the
  heavy equipment maker navigates a lengthy downturn its core
  businesses and will be...
  
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• Omnicare to pay $28 mln to settle charges it got kickbacks from Abbott Labs

  17-10-2016 16:25
  
  WASHINGTON, Oct 17 (Reuters) - Omnicare Inc, the largest
  nursing home pharmacy in the United States, will pay $28.125
  million to resolve civil charges that it solicited and received
  kickbacks from...
  
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• UPDATE 2-Supervalu to sell Save-A-Lot to Canada's Onex for $1.37 billion

  17-10-2016 16:22
  
  Oct 17 (Reuters) - Food retailer and wholesaler Supervalu
  Inc said it will sell its Save-A-Lot business to
  Canadian private equity firm Onex Corp for $1.37
  billion rather than spinning off the...
  
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• BRIEF-UK's CMA says to consider deal between Mastercard's UK unit and Vocalink

  17-10-2016 16:21
  
  Oct 17 (Reuters) - UK Competition and Markets
  Authority(CMA):
  
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• BRIEF-Carnival signs agreement to expand Long Beach cruise terminal facility

  17-10-2016 16:21
  
  * Has signed an agreement with Landlord Urban Commons and
  City of Long Beach, Calif., to expand Long Beach cruise terminal
  facilitySource text for Eikon:Further company coverage:
  
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• Goldman's Asia Pacific chairman Mark Schwartz to retire- memo

  17-10-2016 16:16
  
  Oct 17 (Reuters) - Goldman Sachs Group Inc's Asia
  Pacific chairman Mark Schwartz has decided to retire at the end
  of this year, according to an internal memo.
  
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