Breaking Stock Market and Financial News

UPDATE 2-S&P raises rating outlook on France in boost to Hollande

Reuters Us Markets - Fri, 10/21/2016 - 18:13
PARIS, Oct 21 (Reuters) - S&P raised its outlook on France's "AA" long-term sovereign credit rating to "stable" from "negative", citing labour and tax reforms introduced in the last two years, in a...

U.S. stocks end lower after weak batch of earnings

MarketWatch Market Pulse - Fri, 10/21/2016 - 16:05

U.S. stocks edged lower on Friday after a weak batch of corporate earnings weighed on the broader market. Travelers Cos. Inc and Verizon Communications weighed on the Dow Jones Industrial Average , sending the blue chip gauge down 16.64 points, or 0.1%, to 18,145.71, despite a strong performance from Microsoft Inc. Meanwhile, the S&P 500 finished essentially flat at 2,141.16. The Nasdaq Composite gained 15.57 points, or 0.3%, to 5,257.40, buoyed by Microsoft. Both the S&P and Nasdaq logged their strongest weekly gains in a month, amid upbeat earnings from Netflix , Goldman Sachs Group , Bank of New York Mellon , Johnson & Johnson , American Air Lines and American Express.

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BRIEF-TrustCo Q3 earnings per share $0.114

Reuters Us Markets - Fri, 10/21/2016 - 16:04
* Q3 net interest income (TE) $36.7 million versus $36.3 million in Q2 Source text for Eikon: Further company coverage:

US STOCKS SNAPSHOT-Wall St ends flat; Microsoft rallies, healthcare falls

Reuters Us Markets - Fri, 10/21/2016 - 16:03
NEW YORK, Oct 21 (Reuters) - The S&P 500 and the Dow ended little changed and the Nasdaq advanced on Friday, as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy...

BRIEF-Guggenheim to complete transition of defensive equity and insider sentiment ETFs to new indices

Reuters Us Markets - Fri, 10/21/2016 - 16:03
* Says to complete transition of defensive equity and insider sentiment ETFs to new indices

Deals of the day- Mergers and acquisitions

Reuters Us Markets - Fri, 10/21/2016 - 16:01
Oct 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

At least 53 dead, nearly 300 injured in Cameroon train accident

Reuters Us Markets - Fri, 10/21/2016 - 15:53
YAOUNDE, Oct 21 (Reuters) - Fifty-three people were killed and nearly 300 injured on Friday when a packed passenger train travelling between Cameroon's two largest cities derailed and overturned, the...

CPP in talks with Cerberus about Bawag stake - Austria's Der Standard

Reuters Us Markets - Fri, 10/21/2016 - 15:49
VIENNA, Oct 21 (Reuters) - Pension fund Canada Pension Plan (CPP) is in talks with fund Cerberus about buying a 30 to 40 percent stake in Austrian lender BAWAG PSK, Austrian newspaper Der Standard...

BRIEF-Petrobras says Moodys upgrade reflects improved risk perception

Reuters Us Markets - Fri, 10/21/2016 - 15:49
* Petrobras Strategy Director Nelson Silva says Moodys upgrade reflects improving risk perception about the Brazilian oil producer

UPDATE 7-BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

Reuters Us Markets - Fri, 10/21/2016 - 15:40
* Deal brings together Newport, Lucky Strike, Pall Mall brands

UPDATE 1-Fund managers focus on Prime memberships to gauge Amazon rally

Reuters Us Markets - Fri, 10/21/2016 - 15:38
NEW YORK, Oct 21 (Reuters) - The strength of Amazon.com Inc's nearly 75 percent rally since February may depend on how many more brown cardboard boxes end up on the doorsteps of U.S. consumers this...

PayPal says some customers unable to make payments due to cyber attack on Dyn

Reuters Us Markets - Fri, 10/21/2016 - 15:35
Oct 21 (Reuters) - PayPal Holdings Inc said on Friday that it has experienced some service disruptions due to the cyber attack on Dyn that caused Internet outages for its customers.

Fed to vote on plan to collect data on bank bond-trading

MarketWatch Market Pulse - Fri, 10/21/2016 - 15:31

WASHINGTON (MarketWatch) - The Federal Reserve announced Friday it will vote on a plan to collect data from banks on government-bond trading. The collection of this secondary market data "would allow the U.S. official sector a more complete view of Treasury securities trading in the secondary market," said Fed Gov. Jerome Powell in a prepared statement. The Fed said it would enter talks with the Financial Industry Regulatory Authority to act as the Fed's collection agent. Powell noted that experts called for the government to take this step in the wake of the Treasury market mini-flash crash of Oct. 2014. The Fed vote will come after public comment on the proposal. Regulators want to access trading data for all secondary market transactions by the end of the year. The Securities and Exchange Commission and Treasury Department have already asked FINRA to collect data from broker-dealers.

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Oil futures gain 1% for the week

MarketWatch Market Pulse - Fri, 10/21/2016 - 14:54

Oil futures finished a bit higher on Friday to gain about 1% for the week amid optimism that major crude producers will reach a firm deal late next month to curb output. Prices have now posted gains for five weeks in a row. December WTI crude , on its first full day as a front-month contract, settled at $50.85, up 22 cents, or 0.4%.

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Europe's Mars probe destroyed after plunging to surface

Top Reuters News - Fri, 10/21/2016 - 14:38
FRANKFURT (Reuters) - Images taken by a NASA Mars orbiter indicate that a missing European space probe was destroyed on impact after plummeting to the surface of the Red Planet from a height of 2-4 km (1.2 to 2.5 miles), the European Space Agency said on Friday.

DBRS keeps Portugal's credit rating at investment grade

MarketWatch Market Pulse - Fri, 10/21/2016 - 14:03

Portugal maintained its tenuous hold on investment grade status on Friday after DBRS affirmed the country's credit rating at BBB with a stable outlook. However, DBRS warned that Portugal faces challenges due to significant public sector debt, low economic growth and fiscal pressures. "Although the general government debt ratio peaked in 2014, it remains high at an expected 129.7% of GDP in 2016, and forecast to decline only gradually," said DBRS in a statement. The excessive debt ratio makes the country "vulnerable to adverse shocks."

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Gold futures post a roughly 1% gain for the week

MarketWatch Market Pulse - Fri, 10/21/2016 - 14:00

Gold futures settled with a slight gain on Friday to tally a weekly climb of roughly 1%. Uncertainty surrounding the U.S. election and the timing of Federal Reserve's next interest-rate hike helped to lift investment interest in the yellow metal despite some strength in the U.S. dollar . December gold rose 20 cents for the session to settle at $1,267.70 an ounce.

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Several at London City Airport treated for breathing difficulties

MarketWatch Market Pulse - Fri, 10/21/2016 - 13:44

The London Ambulance Service said Friday it's treated 26 people at London City Airport, and taken two people to the hospital, for difficulty breathing. The London Fire Brigade reported that 500 members of the public and staff were evacuated over reports of an unspecified chemical incident.

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Oil futures little changed as Baker Hughes reports 8th weekly rise in U.S. oil-rig count

MarketWatch Market Pulse - Fri, 10/21/2016 - 13:12

Oil futures traded little changed Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil climbed by 11 to 443 rigs this week. That marks an eighth-straight weekly rise for the oil-rig count. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 14 to 553, Baker Hughes said. December crude rose 2 cents to $50.65 a barrel on the New York Mercantile Exchange, trading close to the same level it was at before the rig data.

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AT&T in advanced talks to buy Time Warner: sources

Top Reuters News - Fri, 10/21/2016 - 13:09
(Reuters) - AT&T Inc is in advanced discussions to acquire Time Warner Inc , sources said on Friday, a deal which would give the telecom company control of cable channel HBO, the CNN news network, film studio Warner Bros and other media assets.

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