Finance news

• UPDATE 2-Microsoft profit up as demand for cloud service soars

  26-01-2017 23:52
  
  Jan 26 (Reuters) - Microsoft Corp reported a 3.6
  percent rise in fiscal second-quarter profit on Thursday, helped
  by growth in its fast-growing cloud computing business, but it
  saw a slight decline...
  
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• BRIEF-Peabody energy receives approval to seek creditor votes on reorganization plan - u.s. Judge

  26-01-2017 23:45
  
  * Receives approval to seek creditor votes on reorganization
  plan - u.s. JudgeSource text for Eikon:Further company coverage:
  
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• UPDATE 3-Alphabet quarterly profit misses estimates, shares fall

  26-01-2017 23:41
  
  Jan 26 (Reuters) - Google parent Alphabet Incposted fourth-quarter profit below analysts' estimates on
  Thursday, increasing pressure on the company to deliver on new
  bets in hardware and cloud...
  
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• Markets pause after surge as earnings season heats up

  26-01-2017 23:40 via news.yahoo.com
  
  One day after the Dow's historic surge above 20,000 points, global markets mostly treaded water Thursday as corporate earnings took center stage.
  
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• TransCanada submits new application for Keystone XL pipeline

  26-01-2017 23:39 via news.yahoo.com
  
  TransCanada Corp. said Thursday it has submitted a new presidential permit application to the U.S. Department of State for approval of the Keystone XL pipeline. In a release issued after the close of stock market trading, TransCanada president and CEO Russ Girling said Keystone XL will help the U.S. meet its growing energy needs. The company's application comes just days after new U.S. President Donald Trump signed executive actions to move forward on construction of two
  
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• Lionsgate in talks to sell Epix stake to MGM, Viacom: sources

  26-01-2017 23:18
  
  (Reuters) - Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel's other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according to...
  
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• Stocks near record high, dollar up on optimism, earnings

  26-01-2017 23:00 via news.yahoo.com
  
  Oil prices and the U.S. dollar were boosted by the ongoing rally in stocks. Crude prices rose 2 percent and the greenback rebounded from a seven-week low. The S&P 500 and the Nasdaq Composite edged higher at the open to hit record levels but finished the day little changed.
  
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• Global stocks near record high, dollar up on optimism, earnings

  26-01-2017 22:59 via news.yahoo.com
  
  Oil prices and the U.S. dollar were boosted by the ongoing rally in stocks. Crude prices rose 2 percent and the greenback rebounded from a seven-week low. The S&P 500 and the Nasdaq Composite edged higher at the open to hit record levels but finished the day little changed.
  
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• UPDATE 2-Alphabet quarterly profit misses estimates, shares fall

  26-01-2017 22:51
  
  Jan 26 (Reuters) - Google parent Alphabet Incposted fourth-quarter profit below analysts' estimates on
  Thursday, sending its shares down 2.7 percent in late trade and
  raising concerns that growth...
  
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• Alibaba's Ant Financial in overseas push with MoneyGram deal

  26-01-2017 22:44
  
  (Reuters) - Ant Financial Services Group, the world's largest financial technology company, said on Thursday that it would acquire U.S. money-transfer company MoneyGram International Incfor about...
  
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• UPDATE 1-Microsoft's profit rises 3.6 pct as cloud demand soars

  26-01-2017 22:27
  Jan 26 (Reuters) - Microsoft Corp reported a 3.6
  percent rise in quarterly profit on Thursday, powered by a surge
  in demand for the company's flagship cloud platform Azure.
  
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• UPDATE 4-Potash slump drags on as competition overheats

  26-01-2017 22:26
  
  Jan 26 (Reuters) - The deepest slump in a decade for the
  oversupplied potash fertilizer market may abate only slightly in
  2017, major producers say, and could take years to correct due
  to the...
  
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• Johnson & Johnson refills drug cabinet with $30 billion Actelion deal

  26-01-2017 22:24
  
  ALLSCHWIL, Switzerland (Reuters) - U.S. healthcare giant Johnson & Johnsonwill buy Swiss biotech company Actelionin a $30 billion all-cash deal that includes spinning off Actelion's research and...
  
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• UPDATE 1-Starbucks Americas cafe sales disappoint

  26-01-2017 22:23
  
  LOS ANGELES, Jan 26 (Reuters) - Starbucks Corp on
  Thursday reported a smaller-than-expected rise in quarterly
  sales at established restaurants in its U.S.-dominated Americas
  region amid a persistent...
  
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• Wall Street ends flat after 2-day run; Dow stays above 20,000

  26-01-2017 22:21 via news.yahoo.com
  
  Qualcomm weighed on both the S&P 500 and Nasdaq as the chipmaker fell 5.0 percent to $54.05 after posting a lower-than-expected rise in quarterly revenue. The post-election rally reignited this week following a solid start to earnings season and optimism over U.S. President Donald Trump's pro-growth initiatives, giving the benchmark S&P 500 its best two-day performance in seven weeks and catapulting the Dow above 20,000 for the first time. Early fourth-quarter earnings have also boosted
  
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• Exclusive: Top coconut water maker Vita Coco exploring sale - sources

  26-01-2017 22:21
  
  LONDON/NEW YORK (Reuters) - Vita Coco, the world's leading brand of coconut water, is exploring a sale of the company that could value it at up to $1 billion, according to sources familiar with the...
  
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• UPDATE 4-Speculation builds on a Verizon-Charter tie-up, no offer made

  26-01-2017 22:19
  
  Jan 26 (Reuters) - Verizon Communications Incis
  interested in exploring a combination with U.S. cable company
  Charter Communication Incas part of a long list of acquisition targets, but no...
  
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• Eurozone pleads urgent solution to Greece debt impasse

  26-01-2017 22:06 via news.yahoo.com
  
  Eurozone finance ministers warned on Thursday that a "window of opportunity" was closing on bridging a split over Greece's bailout programme, even as they failed to heal a row with the IMF over debt relief. The International Monetary Fund and the 19-nation single currency area are battling over how much debt relief Greece needs, and over economic targets required of Athens that the IMF says are not realistic. "The window of opportunity is still open, but will soon shut because there are election
  
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• UPDATE 1-Dutch court delays bankruptcy ruling on subsidiaries of Brazil's Oi

  26-01-2017 21:59
  
  SAO PAULO, Jan 26 (Reuters) - A court in the Netherlands on
  Thursday postponed until Feb. 2 a decision on whether to enforce
  bankruptcy proceedings against two subsidiaries of phone carrier
  Oi SA,...
  
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• Tesla confirms it cancelled order with German supplier SHW

  26-01-2017 21:44
  
  BERLIN, Jan 26 (Reuters) - Electric car maker Tesla Motors
  Inc confirmed on Thursday it was the customer that
  cancelled a large order with German supplier SHW, but
  denied it had anything to do with...
  
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• Brazil minister says Canada signals it wants deal on Bombardier funding

  26-01-2017 21:19 via news.yahoo.com
  
  By Alonso Soto and Anthony Boadle BRASILIA (Reuters) - Canada has signaled it is willing to negotiate with Brazil to resolve a feud over funding for jet maker Bombardier Inc that threatens to turn into an international trade dispute, Brazilian Trade Minister Marcos Pereira said Thursday. In December, Brazil said it will start proceedings against Canada at the World Trade Organization over what it calls unfair support worth $2.5 billion for Bombardier from the province of Quebec. Pereira said Can
  
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• UPDATE 3-Bristol-Myers cuts 2017 outlook amid Opdivo competition

  26-01-2017 21:11
  
  Jan 26 (Reuters) - Bristol-Myers Squibb Co on
  Thursday posted a fourth-quarter profit that fell short of Wall
  Street estimates and lowered its 2017 earnings forecast, citing
  tempered expectations for...
  
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• Puerto Rico's governor signs much-debated labor reform law

  26-01-2017 21:07 via news.yahoo.com
  
  SAN JUAN, Puerto Rico (AP) — Puerto Rico's new governor has signed a much-debated labor reform bill that targets the private sector and aims to stimulate the island's economy amid concerns that it infringes on workers' rights.
  
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• Dollar recovers from seven-week low, gains limited by U.S. policy doubts

  26-01-2017 21:03 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar rebounded from a seven-week low on Thursday, still feeling the positive effects of a record-setting Dow Jones Industrial Average the day before, although gains were tempered by persistent uncertainty surrounding the new U.S. administration's economic policy plans. "Obviously, the market expects the Fed to tighten in the second half of the year. While equities and Treasury yields have continued to rise in the past week, fueled by U.S. Pr
  
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• As Mexico security spending slows, some fear ever-worsening murder tally

  26-01-2017 21:00 via news.yahoo.com
  
  By Gabriel Stargardter MEXICO CITY (Reuters) - Mexico's murder tally rose last year to its highest level since President Enrique Pena Nieto took office in December 2012, and with security budgets stretched by a weak economy and low oil prices, some fear more violence this year. Law enforcement experts are torn on the cause of the increase in killings, but a Reuters analysis of Pena Nieto's federal security spending shows it has coincided with a dip in outlays. Pena Nieto vowed to end a drug war
  
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• Greece, creditors fail to bridge differences on bailout

  26-01-2017 20:53 via news.yahoo.com
  
  BRUSSELS (AP) — Greece and its international creditors failed Thursday to bridge their differences and move toward finishing an important review of the bailout program that is keeping the country's economy afloat.
  
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• Ford CEO hopeful that Trump will ease gas mileage standards

  26-01-2017 20:52 via news.yahoo.com
  
  Ford Motor Co.'s top executive is hopeful that President Donald Trump could ease government fuel economy requirements and reduce corporate taxes to help the auto industry grow and create jobs. The comments ...
  
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• Mattel's quarterly report highlights toy industry malaise-analysts

  26-01-2017 20:41
  
  Jan 26 (Reuters) - Shares of Mattel Inc plunged
  nearly 17 percent on Thursday, their worst intraday percentage
  drop in eight years, after the Barbie maker reported dismal
  quarterly sales and profit,...
  
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• UPDATE 4-Ford sees lower 2017 profits, takes hit from pensions, Mexico

  26-01-2017 20:40
  
  DETROIT, Jan 26 (Reuters) - Ford Motor Co on Thursday
  reported a fourth-quarter loss, citing an accounting change to
  pensions and costs for abandoning a factory in Mexico, which
  President Donald...
  
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• Wall Street little changed after two-day run; Dow holds 20K

  26-01-2017 20:30 via news.yahoo.com
  
  (Reuters) - U.S. stocks were little changed on Thursday in the wake of a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, as investors grappled with the latest round of earnings.
  
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• Italy's Banco BPM explores sale of asset manager Aletti: sources

  26-01-2017 20:14
  
  LONDON/MILAN (Reuters) - Newly-formed Banco BPMis considering a sale of its asset manager Aletti Gestielle SGR as it seeks to "optimize" the Italian bank's assets, sources told Reuters on Thursday.
  
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• Walgreens working to finalize Rite Aid deal, clear antitrust hurdles

  26-01-2017 19:40
  
  WASHINGTON (Reuters) - The chief executive of Walgreens Boots Alliance Incsaid Thursday that the biggest U.S. drug store chain was pressing on with its purchase of smaller Rite Aid Corp , which was...
  
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• Dow holds above 20,000; Qualcomm weighs on S&P, Nasdaq

  26-01-2017 19:12 via news.yahoo.com
  
  Qualcomm fell 5.4 percent to $53.82 after the chipmaker reported a lower-than-expected rise in quarterly revenue. The post-election rally roared back to life this week following solid earnings and optimism over U.S. President Donald Trump's pro-growth initiatives, catapulting the Dow above the historic mark. Investors have also cheered largely positive fourth-quarter earnings, which are expected to show growth of 7 percent, their biggest increase in two years.
  
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• Speculation builds on a Verizon-Charter tie-up, no offer made

  26-01-2017 19:09 via news.yahoo.com
  
  Verizon Communications Inc is interested in exploring a combination with U.S. cable company Charter Communication Inc as part of a long list of acquisition targets but no proposal has been made for a tie-up between the two companies, sources told Reuters on Thursday. Speculation over a combination of the companies has been building steadily since last month, when Verizon Chief Executive Officer Lowell McAdam told Wall Street analysts that such a deal would make "industrial sense." Analysts and i
  
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• UPDATE 3-Speculation builds on a Verizon-Charter tie-up, no offer made

  26-01-2017 19:07
  
  Jan 26 (Reuters) - Verizon Communications Inc is interested
  in exploring a combination with U.S. cable company Charter
  Communication Incas part of a long list of acquisition targets but no...
  
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• Puerto Rico's new gov signs controversial labor reform law

  26-01-2017 19:04 via news.yahoo.com
  
  SAN JUAN, Puerto Rico (AP) — Puerto Rico's new governor has signed a much-debated labor reform bill that targets the private sector and aims to stimulate the island's economy amid concerns that it infringes on workers' rights.
  
  Read more

• Eurozone, IMF fail to heal Greece bailout rift

  26-01-2017 19:03 via news.yahoo.com
  
  Eurozone finance ministers failed to bridge deep divisions with the IMF over Greece's bailout on Thursday, reaching no agreement on debt relief. The International Monetary Fund and the 19-nation single currency area are battling over how much debt relief Greece needs, and over economic targets required of Athens that the IMF says are too stringent. "Today we will not be able to go into depth on the Greek issue... We will have to wait," said German Finance Minister Wolfgang Schaeuble, the Eurogro
  
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• BRIEF-Bonanza Creek Energy says reached an agreement in principle with Silo Energy to settle bankruptcy related claims

  26-01-2017 18:51
  
  * On Jan 26, Co reached an agreement in principle with Silo
  Energy LLC - SEC filing
  
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• Oil up two percent on stock market, but U.S. supply caps gains

  26-01-2017 18:41 via news.yahoo.com
  
  LONDON/NEW YORK (Reuters) - Oil prices were driven 2 percent higher by an ongoing rally in the U.S. stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light crude futures were up $1.22 to $53.97 a barrel, a gain of 2.2 percent, while Brent crude rose $1.25, or 2.3 percent, to $56.33 by 10:49 a.m. ET (1549 GMT). Oil popped with U.S. crude hitting $54.0, its highest level in more than three weeks,
  
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• Markets take breather after Wall Street's Trump rally

  26-01-2017 18:29 via news.yahoo.com
  
  London (AFP) - European stocks were mixed at the close on Thursday, as Wall Street held on to the previous day's gains which had taken it to a record closing high, dealers said.
  
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• Citigroup sees Mexico keeping global export edge

  26-01-2017 18:25 via news.yahoo.com
  
  NEW YORK (Reuters) - Citigroup Inc executives are confident about the Mexico economy and their Citibanamex subsidiary because the country's low labor costs will make it competitive in global exports regardless of potential changes by the U.S. government in trade agreements.
  
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• UPDATE 2-Fiat Chrysler says to halve debt as recovery builds

  26-01-2017 18:21
  
  * Talks on US emissions accusations ongoing, no provisions(Adds comments, details after conference call, updates shares)
  
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• UPDATE 2-Blackstone's 4th-quarter profit beats forecasts

  26-01-2017 18:21
  
  NEW YORK, Jan 26 (Reuters) - Blackstone Group LP, the
  world's biggest alternative asset manager, said on Thursday it
  was hopeful it can cope with any U.S. tax reforms after...
  
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• US new home sales hit post-crisis record in 2016

  26-01-2017 18:16 via news.yahoo.com
  
  US sales of new single-family homes slowed in December but closed out the year at the fastest pace since before the 2008 financial crisis, the Commerce Department said Thursday. Amid rising mortgage rates and home prices, the sales decline pointed to an end-of-year slowdown in the housing market, as sales of existing homes also slowed in December despite a record year. New home sales fell 10.4 percent compared to November, to an annual rate of 536,000 units, seasonally adjusted, which was 0.4 pe
  
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• Weapons maker Northrop forecasts 2017 earnings below estimates

  26-01-2017 18:11 via news.yahoo.com
  
  Northrop Grumman Corp, a supplier of parts to the F-35 jets, forecast 2017 earnings per share below Street estimates due to lower segment operating margins, which some analysts attributed to costs related to certain of its new programs. Northrop, which also makes the Global Hawk surveillance planes, forecast 2017 segment operating margin in the mid-11 percent range, lower than last year's 12 percent. Northrop in 2015 won the contract to produce the "Raider", the U.S. Air Force's new B-21 long-ra
  
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• BAT agrees purchase of Bosnian FDS tobacco business from Austrian fund

  26-01-2017 18:06
  
  SARAJEVO (Reuters) - British American Tobacco (BAT)has reached a principle agreement to acquire the tobacco assets of Bosnian holding firm Fabrika Duhana Sarajevo (FDS)from an Austrian fund, the...
  
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• Stocks near record highs, dollar up on optimism, earnings

  26-01-2017 18:02 via news.yahoo.com
  
  On Wall Street, the Dow Jones Industrial Average held well above the 20,000 level after breaching the milestone on Wednesday, buoyed by optimism over U.S. President Donald Trump's pro-growth initiatives and solid earnings. The S&P 500 and the Nasdaq Composite hit record levels immediately after the open, before easing off their highs to trade little changed on the day. The Dow Jones Industrial Average rose 46.78 points, or 0.23 percent, to 20,115.29, the S&P 500 gained 0.09 points, or 0.
  
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• Global stocks near record highs, dollar up on optimism, earnings

  26-01-2017 17:58 via news.yahoo.com
  
  On Wall Street, the Dow Jones Industrial Average held well above the 20,000 level after breaching the milestone on Wednesday, buoyed by optimism over U.S. President Donald Trump's pro-growth initiatives and solid earnings. The S&P 500 and the Nasdaq Composite hit record levels immediately after the open, before easing off their highs to trade little changed on the day. The Dow Jones Industrial Average rose 46.78 points, or 0.23 percent, to 20,115.29, the S&P 500 gained 0.09 points, or 0.
  
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• Tata must fix pension deficits before any deal: Thyssenkrupp CEO

  26-01-2017 17:53
  
  BERLIN (Reuters) - India's Tata Steelmust first resolve the pension deficit at its British and Dutch operations, before any merger of its steel operations with Thyssenkrupp , the German company's...
  
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• Oil up 2 percent on stock market, but U.S. supply caps gains

  26-01-2017 17:45 via news.yahoo.com
  
  By Christopher Johnson LONDON/NEW YORK (Reuters) - Oil prices were driven 2 percent higher by an ongoing rally in the U.S. stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light crude futures were up $1.22 to $53.97 a barrel, a gain of 2.2 percent, while Brent crude rose $1.25, or 2.3 percent, to $56.33 by 10:49 a.m. ET (1549 GMT). Oil popped with U.S. crude hitting $54.0, its highest level in
  
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