Finance news

• UPDATE 1-Fed may hike rates four times this year -BlackRock's Rieder

  01-02-2017 23:46
  
  NEW YORK, Feb 1 (Reuters) - The Federal Reserve could hike
  interest rates as many as four times this year, a move that
  markets are not sufficiently anticipating, BlackRock Inc's
  chief investment...
  
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• UPDATE 1-JPMorgan changes chief of high-profile card business

  01-02-2017 23:44
  
  NEW YORK, Feb 1 (Reuters) - JPMorgan Chase & Co said
  on Wednesday that Jennifer Piepszak will become chief executive
  of its card services division, replacing Kevin Watters.
  
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• BRIEF-EP Energy announces pricing of senior secured notes

  01-02-2017 23:44
  
  * EP Energy announces pricing of 8.00% senior secured notes
  due 2025
  
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• BRIEF-Western Potash Corp announces corporate restructuring

  01-02-2017 23:39
  
  * Under arrangement, western resources will acquire all of
  issued and outstanding common shares of company
  
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• Facebook beats Street 4Q earnings, revenue forecasts

  01-02-2017 23:36 via news.yahoo.com
  
  MENLO PARK, Calif. (AP) — Facebook blew past Wall Street's expectations yet again with its quarterly earnings report, despite some concerns that its "ad load," or the number of advertisements it can show users without clogging up their feed, has reached its limit.
  
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• Suspect in Canada mosque shooting sought money, scouted site

  01-02-2017 23:29 via yahoo.com
  
  By Allison LampertQUEBEC CITY (Reuters) - The suspect in the shooting rampage at a Canadian mosque visited the site before Sunday's massacre, asking for money and scouting the scene before returning with guns and killing six men as they prayed, a member of the mosque said.Alexandre Bissonnette, 27, was charged in court on Monday with six counts of premeditated murder and five counts of attempted murder with a restricted weapon after Sunday evening's massacre at the Centre Culturel Islamique de Q
  
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• JPMorgan to pay Lehman $797.5 mln to end litigation over collapse

  01-02-2017 23:29
  
  NEW YORK, Feb 1 (Reuters) - JPMorgan Chase & Co will
  pay $797.5 million in cash to end all litigation brought on
  behalf the former Lehman Brothers Holdings Inc, whose September
  2008 collapse...
  
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• Solid data, Apple help lift global stocks

  01-02-2017 23:27 via news.yahoo.com
  
  Wall Street stocks finished higher Wednesday following strong Apple earnings, solid US economic data and a fairly upbeat outlook from the Federal Reserve.
  
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• S&P 500 ends flat, Apple spike lifts Nasdaq

  01-02-2017 23:23 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half. This made it the biggest positive influence on the three major indexes, which would have all ended in the red for the day without Apple's boost.
  
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• U.S. House axes regulations on oil and mining company payments, stream pollution

  01-02-2017 23:16 via news.yahoo.com
  
  The Republican-led U.S. House of Representatives on Wednesday killed two Obama-era rules, one intended to root out corruption in the extraction sector and one aimed at reducing stream pollution. Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission's "extraction rule" was approved this summer to require oil, gas, mining and other companies to publicly state the taxes and other fees they pay to governments. The stream buffer rule is intended to lessen the
  
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• Guggenheim attracts broad fixed-income fund inflows in January

  01-02-2017 23:13
  
  NEW YORK (Reuters) - Guggenheim Investments said on Wednesday that it had posted net inflows of more than $1.3 billion in its fixed-income mutual funds and ETFs in January.
  
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• BRIEF-Prospector announces private placement

  01-02-2017 23:13
  
  * Prospector Resources Corp - Intends to complete a private
  placement of up to 15 million common shares of company at a
  price of $0.50 per common share
  
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• BRIEF-DragonWave presents cost reduction plan to financing partners

  01-02-2017 23:13
  
  * DragonWave presents cost reduction plan to financing
  partners
  
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• BRIEF-Kellogg Co entered into an unsecured 364-day credit agreement dated as of January 31 - SEC Filing

  01-02-2017 23:12
  
  * Kellogg Co- On Jan 31, 2017 Kellogg Company entered into
  an unsecured 364-day credit agreement dated as of January 31,
  2017 - SEC Filing
  
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• BRIEF-Emerald Health announces $10 million bought deal

  01-02-2017 23:08
  
  * Intends to use net proceeds of offering to accelerate
  facility expansion
  
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• BRIEF-MGM Growth Properties Operating Partnership LP announces launch of exchange offers for its 5.625pct senior notes due 2024

  01-02-2017 23:07
  
  * MGM Growth Properties Operating Partnership LP announces
  launch of exchange offers for its 5.625% senior notes due 2024
  and 4.500% senior notes due 2026Source text for Eikon:Further company...
  
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• TSX gains as resources stocks rise; Cameco sinks

  01-02-2017 23:05 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index eked out a small gain on Wednesday as miners and energy stocks rose with higher prices for oil and some base metals, while nuclear producer Cameco Corp sank on news of a scrapped contract. "I think that we're groping our way through, trying to decide whether the market wants to go higher or if we've reached a short-term pause point," said Rick Hutcheon, president and chief operating officer at RKH Investments, adding that he thinks
  
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• Canadian dollar weakens but pares losses after Fed decision

  01-02-2017 23:00 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday but losses were pared as a broader recovery for the greenback lost some momentum after the Federal Reserve interest rate decision. The Fed said job gains remained solid, inflation had increased and economic confidence was rising, although it gave no firm signal on the timing of its next rate move. "We had an FOMC statement that really wasn't as hawkish as many were hoping for ... whatever w
  
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• US STOCKS-S&P 500 ends flat, Apple spike lifts Nasdaq

  01-02-2017 22:50 via news.yahoo.com
  
  The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half.
  
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• Farage mocked at European parliament meeting

  01-02-2017 22:48 via yahoo.com
  
  Nigel Farage, leader of the Brexit movement, appeared today before the European Parliament.One member of Parliament displayed some colorful signage as he spoke.
  
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• Top Trump aide condemns Iranian ballistic missile test

  01-02-2017 22:30 via news.yahoo.com
  
  By Steve Holland WASHINGTON (Reuters) - A top adviser to President Donald Trump delivered a tough warning to Iran on Wednesday for test-firing a ballistic missile and declared "we are officially putting Iran on notice" for what he called a provocation. It was the Trump's sharpest threat against a U.S adversary since taking office on Jan. 20, a warning that could foreshadow more aggressive economic and diplomatic measures against Iran. White House national security adviser Michael Flynn condemned
  
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• Stocks, dollar up after Fed, boosted by strong data

  01-02-2017 22:25 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stocks advanced around the globe and the dollar edged higher on Wednesday as strong data suggested the global economy was picking up steam and the Federal Reserve released an upbeat statement on the health of the U.S. economy. The Fed left rates unchanged in its first meeting since President Donald Trump took office, but its relatively upbeat outlook suggested it was on track to tighten monetary policy this year. The dollar reduced its gains after the Fed's d
  
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• Mexican remittances hit record $27 billion amid Trump worries

  01-02-2017 22:16 via news.yahoo.com
  
  Mexicans living abroad sent home a record of nearly $27 billion in 2016, the central bank said Wednesday, amid US President Donald Trump's threat to tap into their remittances to finance a border wall. Trump has suggested that the US government could seize remittances to pay for the massive wall he has promised along the border to stop illegal immigration -- or halt the transfers to force Mexico to pay. Economy Minister Ildefonso Guajardo warned last week that the Mexican government could walk o
  
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• S&P ends higher, snapping 4-day losing streak

  01-02-2017 22:13 via news.yahoo.com
  
  (Reuters) - The S&P 500 rose by a small margin on Wednesday to end a four-day losing streak, buoyed by gains in Apple shares and after the U.S. Federal Reserve kept interest rates unchanged. The Dow Jones Industrial Average rose 26.85 points, or 0.14 percent, to 19,890.94, the S&P 500 gained 0.68 points, or 0.03 percent, to 2,279.55 and the Nasdaq Composite added 27.87 points, or 0.5 percent, to 5,642.65. (Reporting By Rodrigo Campos; Editing by Nick Zieminski)
  
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• Fed leaves interest rates unchanged, remains upbeat on economy

  01-02-2017 22:11 via news.yahoo.com
  
  By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) - The Federal Reserve held interest rates steady on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. Fed policymakers are still awaiting clarity on the possible impact of Trump's economic policies. "Measures of consumer and business sentiment have improved of late," the Fed said in a unani
  
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• S&P ends higher, snapping four-day losing streak

  01-02-2017 22:08 via news.yahoo.com
  
  (Reuters) - The S&P 500 rose by a small margin on Wednesday to end a four-day losing streak, buoyed by gains in Apple shares and after the U.S. Federal Reserve kept interest rates unchanged.
  
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• GameStop Is Allegedly Punishing Stores For Selling You Games

  01-02-2017 22:04 via yahoo.com
  
  GameStop has, in theory, a simple business model.It’s a store that sells video games, so you go in and buy video games, right?Well, in the past it turns out GameStop hasn’t necessarily had the customer’s needs first.
  
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• Fed leaves rates alone and gives no hint of when it may hike

  01-02-2017 22:03 via news.yahoo.com
  
  WASHINGTON (AP) — The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.
  
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• US Fed holds rates unchanged, still sees 'gradual' hikes

  01-02-2017 21:56 via news.yahoo.com
  
  The US Federal Reserve kept the benchmark interest rate unchanged Wednesday in its first policy meeting since President Donald Trump took office, and said it still expects to need only gradual rate increases. While striking an optimistic tone about the outlook for the economy, the central bank statement gave no hint of increased concern about possible spending or tax policies by the Trump administration that might create pressure to hike rates faster. The policy-setting Federal Open Market Commi
  
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• Individual stocks don’t even beat Treasury bills: James Saft

  01-02-2017 21:50
  
  (Reuters) - If you want to be a stock picker, you had better be a truly exceptional one because the alternative is not pleasant.
  
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• Stocks gain, dollar steady as Fed stands pat

  01-02-2017 21:27 via news.yahoo.com
  
  Stocks moved higher around the globe and the dollar rose along with oil prices on Wednesday as strong data suggested the global economy was picking up steam and the Federal Reserve released an upbeat statement on the health of the U.S. economy. The Fed left rates unchanged in its first meeting since President Donald Trump took office, but its relatively upbeat outlook suggested it was on track to tighten monetary policy this year. The dollar reduced its gains after the Fed's decision but remaine
  
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• 2017 Porsche 911 GTS

  01-02-2017 21:17 via yahoo.com
  
  The peak of the power-to-price curve.
  
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• S&P 500 down for fifth session, Apple spike lifts Nasdaq

  01-02-2017 21:13 via news.yahoo.com
  
  The S&P 500 moved in and out of negative territory on Wednesday, buoyed by gains in Apple shares and after the U.S. Federal Reserve kept interest rates unchanged, while painting a relatively upbeat picture of the U.S. economy. Apple shares rose 7.4 percent to $130.31 after touching $130.35, its highest in 18 months. The advance made it the biggest positive influence on the three major indexes, which would all be negative for the day without Apple's boost.
  
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• Peter Thiel became New Zealand citizen in California in 2011

  01-02-2017 21:02 via yahoo.com
  
  WELLINGTON, New Zealand (AP) — Silicon Valley billionaire and President Donald Trump adviser Peter Thiel was able to gain New Zealand citizenship in 2011 despite never having lived in the country, because a top lawmaker decided his entrepreneurial skills and philanthropy were valuable to the nation, documents reveal.
  
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• Fed leaves key rate unchanged at a time of uncertainty

  01-02-2017 20:56 via news.yahoo.com
  
  WASHINGTON (AP) — The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.
  
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• U.S. factory, private payrolls data point to firming economy

  01-02-2017 20:43 via news.yahoo.com
  
  U.S. factory activity accelerated to more than a two-year high in January amid sustained gains in new orders and raw material costs, pointing to a recovery in manufacturing as domestic demand strengthens and the drag from low oil prices ebbs. While construction spending slipped in December, the underlying trend remained strong. The signs of strength in the economy at the start of the year were acknowledged by the Federal Reserve's policy-setting committee.
  
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• US Fed keeps rates unchanged, still expects only 'gradual' rate hikes

  01-02-2017 20:40 via news.yahoo.com
  
  The US Federal Reserve on Wednesday kept the benchmark interest rate unchanged in its first policy meeting since President Donald Trump took office, and said it still expects it will need only gradual rate increases. While noting continued economic growth, solid job gains and improving business and consumer confidence, the central bank statement gave no hint of concern that the Trump administration's spending or tax policies might create pressure to hike rates faster. "The committee expects that
  
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• Fed holds interest rates steady, remains upbeat on economy

  01-02-2017 20:27 via news.yahoo.com
  
  The Federal Reserve kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. "Measures of consumer and business sentiment have improved of late," the Fed said in a unanimous statement following a two-day policy meeting in which it left its benchmark interest rate in a range of 0.50 percent to 0.75 percent. Fed policymake
  
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• Violence erupts during eviction of Israeli settlers

  01-02-2017 19:35 via yahoo.com
  
  Rightist protesters scuffled with Israeli police carrying out a court order to evict settlers from an illegal outpost in the occupied West Bank on Wednesday, hours after the government announced more construction in larger settlements.The Israeli Supreme Court ruled in November, after a lengthy legal battle, that settlers had to leave Amona because their homes were built on privately owned Palestinian land.
  
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• S&P, Dow flat ahead of Fed decision; Apple lifts Nasdaq

  01-02-2017 19:30 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow were little changed on Wednesday as gains in technology stocks were offset by losses in energy, ahead of the Federal Reserve's decision on interest rates.
  
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• Poland eyes Belarus ties to revive EU's Eastern Partnership

  01-02-2017 19:27 via news.yahoo.com
  
  By Pawel Sobczak, Lidia Kelly and Justyna Pawlak WARSAW (Reuters) - Poland is trying to improve relations with its eastern neighbor Belarus in the hope of also reviving the European Union's dormant Eastern Partnership initiative that targets six former Soviet republics, its deputy foreign minister said. The Eastern Partnership offered money, technical assistance and market access to the six countries - but without the prospect of EU membership - in return for their adoption of European democrati
  
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• How Trump's immigration order could hurt the US economy

  01-02-2017 19:16 via news.yahoo.com
  
  President Donald Trump's executive order suspending immigration from seven majority-Muslim countries could slow the U.S. economy by hampering two of the nation's top export industries: Tourism and higher ...
  
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• Stock markets rebound awaiting Fed

  01-02-2017 19:14 via news.yahoo.com
  
  Global stock markets rose on Wednesday and the dollar recovered with sentiment boosted by strong American jobs data ahead of a keenly-awaited Federal Reserve announcement. The announcement came hours before the US Federal Reserve is due to make its first monetary policy announcements of 2017. While up on the day, European markets were off their highs at the close as Wall Street gave up early gains which had been fuelled in part by strong results from Apple.
  
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• TripAdvisor's new 'hall of fame' features hotels that have won awards 10 years in a row

  01-02-2017 18:37 via yahoo.com
  
  TripAdvisor has launched a new 'Hall of Fame' for the hotels that have won a Travelers' Choice award 10 years in a row -- a list that includes hotels for as little as $74 a night. 
  
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• Dollar rebounds, stocks mixed ahead of Fed decision

  01-02-2017 18:37 via news.yahoo.com
  
  Wall Street stocks pared their early gains on Wednesday as utility and energy shares in the U.S. dragged, but the dollar remained higher along with major equity markets around the world as strong data suggested the global economy was picking up steam. The dollar rose 0.4 percent Wednesday, boosted by the stronger-than-expected reading on U.S. employment and solid manufacturing data. Bruised dollar bulls were also looking to the decision by the Federal Reserve later in the day that is expected to
  
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• Lord Price says Britain accepts it must leave EU customs union - Welt

  01-02-2017 18:35 via news.yahoo.com
  
  Britain has accepted that there can be "no cherry-picking" as it leaves the European Union, a German newspaper reported on Wednesday, quoting Lord Price, Britain's minister of state for trade policy. German Chancellor Angela Merkel and other EU officials have repeatedly told Britain that it will not be able to pick the parts of the EU it wants, such as the single market, without accepting principles like free movement of workers, when it negotiates its exit. "We have heard the message," Price to
  
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• Round one, 'El Chapo': drug lord to get day in US court

  01-02-2017 18:22 via yahoo.com
  
  Mexican drug lord Joaquin "El Chapo" Guzman, one of the world's most notorious criminals, will appear in person and not by video link at his next US court hearing, a judge agreed Wednesday."His absence from the courtroom would necessarily lead to the public impression that Mr Guzman is too dangerous to be brought to the courtroom," they advised.On Wednesday, Cogan ruled that the defendant will attend Friday's conference in person at the US federal court in Brooklyn.
  
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• France's Fillon struggles to save presidential bid

  01-02-2017 18:14 via yahoo.com
  
  French rightwing candidate Francois Fillon battled to save his scandal-hit presidential bid on Wednesday as grim new polling numbers and party colleagues increased pressure on him to step aside.Fillon has been favourite to be France's next leader since November when he clinched the nomination for the Republicans party, but the survey suggested for the first time he would be defeated in the first round of the election.The main beneficiary from his woes appears to be Emmanuel Macron, the 39-year-o
  
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• European shares snap losing streak on solid earnings, macro data

  01-02-2017 18:11 via news.yahoo.com
  
  By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares snapped a three-day losing streak on Wednesday, led higher by miners and industrial stocks following solid corporate results and strong data from China and Europe. "Equity markets across the EU are stronger today on the back of a round of better than expected earnings, as well as rather better than anticipated China manufacturing data," said Stephane Ekolo, chief European strategist at Market Securities in London.
  
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• BlackRock makes energy acquisition as U.S. infrastructure policy looms

  01-02-2017 17:52
  
  NEW YORK (Reuters) - BlackRock Inc is pushing further into the private infrastructure market with an agreement to buy First Reserve Corp's Energy Infrastructure Funds unit.
  
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