Breaking Stock Market and Financial News

Colombia sets guidance on new bond offering

Reuters Us Markets - 6 hours 9 min ago
By Mike Gambale NEW YORK, Jan 18 (IFR) - Here is the pricing progression on the new bond offering from the Republic of Colombia (Baa2/BBB/BBB), expected to price later on Wednesday, according to...

Credit Suisse finalizes $5.3 billion mortgage deal with U.S.

Top Reuters News - 6 hours 18 min ago
NEW YORK (Reuters) - Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Wednesday.

Credit Suisse finalizes $5.3 billion DOJ settlement over mortgage claims

MarketWatch Market Pulse - 6 hours 43 min ago

In another in a string of mortgage-related settlements with big banks, the Justice Department announced a $5.28 billion settlement with Credit Suisse over its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007. Credit Suisse will have to pay a $2.48 billion fine and provide $2.8 billion in other relief, including relief to underwater homeowners, distressed borrowers and affected communities, in the form of loan forgiveness and financing for affordable housing.

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Whole Foods to celebrate monthly food holidays in 2017

MarketWatch Market Pulse - 7 hours 51 min ago

Whole Foods Market Inc. announced Wednesday that it will celebrate at least one food holiday each month in 2017. The effort kicks of on Jan. 20 with National Cheese Lovers Day, when guests will be able to sample a variety of cheeses at all stores, and continues with National Green Juice Day on Jan. 26. The green juice holiday will be accompanied by $2-off digital coupon on any large store-made smoothie or juice from Jan. 25 to Jan. 31. Future food holidays will be announced a week in advance. Whole Foods shares are up 0.2% so far in Wednesday trading, and up 4% for the past year. The S&P 500 index is up 20.7% for the last 12 months.

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SEC, DOJ fine State Street Corp $64 million for secret commission fraud

MarketWatch Market Pulse - 8 hours 43 min ago

State Street Corporation , the Boston-based global financial services company, will pay a $32.3 million criminal penalty and an additional equal amount to the SEC to resolve the government's investigation into a scheme to defraud at least six of the bank's clients through secret commissions, according to the Department of Justice. The commissions were applied to billions of dollars of fixed income and equity trades for at least six institutional clients and charged in addition to fees the clients had agreed to pay and despite written instructions to the traders not to charge those clients trading commissions. State Street also took steps to hide the commissions from clients and misrepresented its performance to one of these clients in order to conceal a trading loss. The company admitted the allegations and agreed to a deferred prosecution agreement that requires it to employ an independent corporate compliance monitor for three years. State Street has already fully repaid the victims of the scheme. The government had previously charged two former high-ranking State Street executives, former Executive Vice President Ross McLellan and former Senior Managing Director Edward Pennings, with conspiracy, securities fraud and wire fraud in connection with the same scheme. They are scheduled to go to trial in October.

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Russia says teams up with Turkey for first time to bomb Syrian militants

Top Reuters News - 8 hours 43 min ago
MOSCOW (Reuters) - Russia said its war planes had joined forces with Turkish jets for the first time on Wednesday to target Islamic State militants holding the town of al-Bab in northern Syria, evidence of increasingly close cooperation between Moscow and Ankara.

Liberty Global says Vodafone joint venture is not a deal blueprint

Reuters Us Markets - 8 hours 45 min ago
DAVOS, Switzerland, Jan 18 (Reuters) - International cable TV group Liberty Global's joint venture with Vodafone in the Netherlands has started well but is not a blueprint for deals in other...

MOVES-Pension Infrastructure Platform, Willis Towers Watson, BlueBay Asset

Reuters Us Markets - 8 hours 47 min ago
Jan 18 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

Gates charity to sell 60 mln Berkshire shares, as Buffett urged

Reuters Us Markets - 8 hours 49 min ago
Jan 18 (Reuters) - The foundation created by billionaire Bill Gates and his wife Melinda plans to sell 60 million Class B shares of Berkshire Hathaway Inc donated by Warren Buffett, reflecting the...

World temperatures hit new high in 2016 for third year in a row

Top Reuters News - 8 hours 49 min ago
OSLO (Reuters) - World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set for global warming with extremes including unprecedented heat in India and ice melt in the Arctic, U.S. government agencies said on Wednesday.

Investors pare net shorts on U.S. Treasuries -JPM

Reuters Us Markets - 8 hours 49 min ago
NEW YORK, Jan 18 (Reuters) - The margin on bearish bets on longer-dated U.S. Treasuries over bullish positions shrank further as investors reconsidered how many of President-elect Trump's economic...

BRIEF-Freddie Mac forgoes issuing reference notes security on Jan 18, 2017 announcement date

Reuters Us Markets - 8 hours 54 min ago
* Freddie Mac forgoes issuing a reference notes security on its January 18, 2017 announcement date Source text for Eikon: Further company coverage:

MOVES-BlueBay Asset Management appoints emerging markets strategist

Reuters Us Markets - 8 hours 55 min ago
Jan 18 (Reuters) - Fixed income manager BlueBay Asset Management LLP appointed Timothy Ash to the newly created role of emerging markets senior sovereign strategist in its emerging market debt team.

BRIEF-JPMorgan to pay $55 mln to settle with U.S. over alleged discrimination-WSJ

Reuters Us Markets - 8 hours 56 min ago
* JPMorgan to pay $55 million to settle with U.S. Over alleged discrimination - WSJ, citing sources Source text: http://on.wsj.com/2k4hIEY Further company coverage:

UPDATE 1-Bank of Canada holds rates steady amid U.S. uncertainty

Reuters Us Markets - 8 hours 56 min ago
OTTAWA, Jan 18 (Reuters) - The Bank of Canada held interest rates steady on Wednesday, as expected, even as it nudged growth forecasts higher, saying the big unknown of what policies...

UPDATE 1-EU leaders welcome Brexit clarity, Merkel says EU united ahead of talks

Reuters Us Markets - 8 hours 57 min ago
* Result must not be stronger Britain, weaker EU -Slovak PM (Adds Gentiloni, further Merkel quotes and wraps in Juncker, Slovak PM )

FOREX-Dollar edges up after hitting nearly six-week low

Reuters Us Markets - 8 hours 58 min ago
* Sterling drops after largest one-day rise since at least 1998

U.K. Supreme Court to issue Brexit decision next week

MarketWatch Market Pulse - 9 hours 45 min ago

Britain's Supreme Court will issue its decision Jan. 24 on whether the U.K. Prime Minister Theresa May must consult the country's parliament on her plans for Brexit. Its judges have been weighing arguments in the U.K. government's appeal against a High Court ruling that it doesn't have the right to unilaterally invoke Article 50 of the Lisbon Treaty, which would begin formal talks for the U.K. to withdraw from the European Union. On Tuesday, May laid out her plan for Brexit, which she said would be put to the vote in both Houses of Parliament. The Supreme Court will hand down its decision on Tuesday at 9:30 a.m. London time, or 4:30 a.m. Eastern Time, according to a post on the court's official Twitter account.

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U.S. stocks open little changed after mixed banking earnings

MarketWatch Market Pulse - 9 hours 48 min ago

U.S. stocks opened little changed Wednesday after mixed earnings reports from banks. Goldman Sachs Group Inc. earnings were better than expected, however, Citibank revenues disappointed. Investors are also waiting for a speech by Federal Reserve Chairwoman Janet Yellen in the afternoon. The S&P 500 were off 2 points, or 0.1%, at 2,265, shortly after open. The Nasdaq Composite was flat at 5,537. The Dow Jones Industrial Average slipped 54 points or 0.3%, to 19,770.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

GE wins $1.4 billion in power generation orders from Iraq

MarketWatch Market Pulse - 9 hours 57 min ago

General Electric Co. said Wednesday it has won over $1.4 billion in power generation orders from Iraq's Ministry of Electricity. The orders are for setting up power plants and to provide technology upgrades and maintenance services. "Using GE's expanded portfolio of technologies and solutions, this project will provide more reliable and sustainable electricity for the country to help achieve better operations and higher levels of efficiency," said Steve Bolze, chief executive of GE Power. GE's stock, which was up 0.1% in premarket trade, has rallied 7.9% over the past three months, while the Dow Jones Industrial Average has run up 9.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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