Will President Trump Make A Wise Decision or a Dangerous One?

Trump almost took the country to the abyss, but instead he stopped and made the smarter choice. Instead of giving Bannon a rubber stamp on the national security council he gave the national security state a man they trust and respect.

General known for sharp questions will be Trump's new top security adviser - Reuters

Breaking Stock Market and Financial News

Still unbeatable? Truck attack shows Merkel's vulnerability

Top Reuters News - Tue, 12/20/2016 - 10:03
BERLIN (Reuters) - For months, Germany's Angela Merkel has looked like the one safe bet in European politics.

BRIEF-Graco announces amendment to credit agreement with U.S. Bank National Association

Reuters Us Markets - Tue, 12/20/2016 - 10:01
* On Dec 15, 2016, Co entered into third amendment to credit agreement that amends credit agreement with U.S. Bank National Association

Gunmen and security forces exchange heavy gunfire near city of Karak: security forces

Top Reuters News - Tue, 12/20/2016 - 09:59
AMMAN (Reuters) - Jordanian security forces clashed with unidentified gunmen after a raid on a house in a village on the outskirts of the southern city of Karak where suspected militants were believed to be hiding, security sources said.

UPDATE 1-Carnival Corp quarterly profit, revenue beat estimates

Reuters Us Markets - Tue, 12/20/2016 - 09:57
Dec 20 (Reuters) - Carnival Corp, the world's largest cruise operator, reported higher-than-expected quarterly revenue and profit, helped by an increase in ticket prices and onboard spending.

US STOCKS-Dow closing in on 20,000

Reuters Us Markets - Tue, 12/20/2016 - 09:55
* Indexes up: Dow 0.44 pct, S&P 0.36 pct, Nasdaq 0.45 pct (Updates to open)

Panera sets new chicken welfare goals to be met by 2024

MarketWatch Market Pulse - Tue, 12/20/2016 - 09:54

Panera Bread Co. said Tuesday that it has set new animal welfare goals for its broiler chickens, to be met by 2024. The goals, which are in line with the Global Animal Partnership's Broiler Chicken Standard, include providing birds with more space and better environments. Panera made a commitment in Nov. 2015 to use only cage-free eggs by 2020. The restaurant chain says that as of 2016, all of the poultry in its sandwiches and salads are raised without antibiotics, all of its pork products including ham and bacon served in sandwiches and salads are antibiotic-free and raised without the use of gestation crates, and 95% of its beef is grass-fed and free-range. Panera shares are down 0.2% in Tuesday trading, but up 8.6% for the past year. The S&P 500 index is up 13.3% for the last 12 months.

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EMERGING MARKETS-Brazil stocks rise as credit measures boost banks

Reuters Us Markets - Tue, 12/20/2016 - 09:53
By Bruno Federowski SAO PAULO, Dec 20 (Reuters) - Brazilian stocks rose on Tuesday after the nation's central bank announced measures to reduce credit costs, boosting financial institutions'...

BRIEF-Facebook introduces more ways to connect and share moments

Reuters Us Markets - Tue, 12/20/2016 - 09:50
* Facebook - introducing a marketing program to invite people to share and talk about events and moments that are happening in communities and around the world

UPDATE 1-Brazil's central bank to add excess reserves to toolkit

Reuters Us Markets - Tue, 12/20/2016 - 09:48
BRASILIA, Dec 20 (Reuters) - The Brazilian central bank will add excess reserves to its toolkit to control liquidity and increase the efficiency of monetary policy, central bank chief Ilan Goldfajn...

Rite Aid to sell 865 stores to Fred's

Top Reuters News - Tue, 12/20/2016 - 09:48
(Reuters) - Rite Aid Corp said it would sell 865 stores to Fred's Inc for $950 million to satisfy antitrust concerns over its proposed takeover by Walgreens Boots Alliance Inc.

U.S. stocks open higher; Dow makes a run at 20,000

MarketWatch Market Pulse - Tue, 12/20/2016 - 09:32

U.S. stocks opened higher on Tuesday as the Dow Jones Industrial Average climbed nearer to the psychologically important 20,000 level. The S&P 500 index gained 5 points, or 0.2%, to 2,267. The Dow advanced 48 points, or 0.2%, to 19,934, trading above its previous closing record. The Nasdaq Composite Index added 14 points, or 0.3%, to 5,473. Investors' appetite for risky assets remained intact despite a series of attacks in Turkey and Germany. BlackBerry moved higher after the handset maker reported narrowing losses for the third quarter. Darden Restaurants , owner of several restaurant chains including the Olive Garden, saw its shares rise after reporting a rise in same-restaurant sales for the second quarter. Rising oil prices also helped boost energy shares.

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Syrian army poised to enter Aleppo's last rebel enclave

Top Reuters News - Tue, 12/20/2016 - 09:22
BEIRUT/MOSCOW (Reuters) - The Syrian army broadcast messages into the last rebel enclave of Aleppo on Tuesday, warning that it was poised to enter the area during the day and urging insurgents to speed up their evacuation of the city.

Chesapeake Energy boosts liquidity with $465 million asset sale

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:57

Chesapeake Energy Corp.'s stock climbed 1.1% in premarket trade Tuesday, after the oil and gas exploration company said it agreed to sell a portion of its Haynesville Share assets for $465 million to an affiliate of Covey Park Energy LLC. The sale of the northern-Louisiana assets include 41,500 net acres and 326 wells, which are currently producing about 50 million cubic feet of gas per day. The company expects the deal to close in the first quarter of 2017. "Upon closing, this strong bid for our second Haynesville package, along with our recent new issue and tender, will position Chesapeake with significant liquidity as we begin a new year," said Chief Executive Doug Lawler. The stock has soared 62% year to date through Monday, while the SPDR Energy Select Sector ETF has run up 26% and the S&P 500 has gained 11%.

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Amazon adding 1,000 jobs with two new Illinois fulfillment centers

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:51

Amazon.com Inc. said Tuesday that it will add more than 1,000 full-time jobs in two new Illinois fulfillment centers in Aurora. One will span nearly one million square feet and handle small items such as books and consumer goods. The other will be about 400,000 square feet and handle larger items like big-screen televisions. The e-commerce giant already has centers in Edwardsville, Joliet and Romeoville with another under construction in Monee. Amazon has announced eight fulfillment centers in Illinois over the past two years. Once the latest facilities open, the company will have more than 7,000 full-time Illinois staffers. Amazon shares are up 0.3% in premarket trading, and up 15.3% for the past 12 months. THe S&P 500 index is up 12.8% for the last year.

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Rite Aid's stock soars in active trade after deal to sell stores helps ease Walgreens merger concerns

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:43

Shares of Rite Aid Corp. shot up 6% in active premarket trade Tuesday, after the drug store chain announced a deal with Walgreens Boots Alliance Inc. to sell 865 Rite Aid stores to Fred's Inc. for $950 million. With volume of about 2.6 million shares, Rite Aid's stock was the most actively traded ahead of the open. Rite Aid, which is in the process of being acquired by Walgreens, said the deal is subject to approval by the Federal Trade Commission. In October, Walgreens and Rite Aid pushed out the deadline to close their $9.4 billion merger to next year, citing delays in selling stores the companies were required to divest to get regulators to approve the merger. Walgreens said it is in talks with the FTC regarding the deal, and is working toward closing its Rite Aid acquisition in early 2017. Walgreens' stock rose 1.4% in premarket trade, while Fred's shares were still inactive. Rite Aid's stock has gained 4.2% year to date through Monday, while Walgreens' shares have tacked on 1.1% and the S&P 500 has gained 11%.

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Renzi plots path back to Italian power from Tuscan basement

Top Reuters News - Tue, 12/20/2016 - 08:43
ROME (Reuters) - Three days after resigning as Italian prime minister and before his successor took office, Matteo Renzi typed a late-night Facebook post from his family home near Florence that seemed to cast doubt on his future.

Tesaro NDA for ovarian cancer treatment granted priority review

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:19

Shares of Tesaro Inc. rallied 2.2% in premarket trade Tuesday, after the biopharmaceutical company said its new drug application (NDA) for its niraparib cancer treatment was granted priority review by the Food and Drug Administration. The company said the FDA set a target action date of June 30, 2017. "FDA's acceptance of the niraparib NDA with a Priority Review designation is an important milestone for TESARO, and represents a significant step in our efforts to bring meaningful therapies to women with ovarian cancer," said Chief Operating Officer Mary Lynne Hedley. The stock has more than doubled year to date through Monday, while the SPDR S&P Pharmaceuticals ETF has tumbled 22% and the S&P 500 has gained 11%.

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Nasdaq sends TheStreet delisting notice

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:16

TheStreet Inc. announced Tuesday in a Securities and Exchange Commission filing that it received a notice from The Nasdaq Stock Market LLC on Dec. 14 stating that it is not in compliance with the organization's closing bid price rules and is at risk of delisting. The rule states that shares must close at at least $1 per share for 30 consecutive days to maintain compliance. TheStreet's last close above a $1 was October 31. The company has until June 12, 2017 to close at or above $1 for 10 consecutive business days to regain compliance. TheStreet shares closed Monday at 89 cents per share. Its stock is down 45.7% for the past year while the Nasdaq is up nearly 11% for the same period.

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German police may have arrested wrong suspect over Berlin attack: reports

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:06

The person behind Monday's deadly truck attack in Berlin may still be at large, with German police saying they may have arrested the wrong suspect. Speaking at a press conference on Tuesday, Berlin authorities said they were unable to confirm that the driver of the truck that plowed into a Christmas market in the capital on Monday is the 23-year-old asylum seeker they have in custody. An unnamed police source told German newspaper Die Welt that they "have the wrong man," which means "the real culprit is still armed and can commit further atrocities." Twelve people were killed and about 50 injured when the truck barreled through a Christmas market in a popular tourist spot in the German capital.

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Impax Laboratories CEO to leave company, effective immediately

MarketWatch Market Pulse - Tue, 12/20/2016 - 08:05

Impax Laboratories Inc. said Chief Executive G. Frederick Wilkinson was leaving the company, effective immediately, and will also step down from the board of directors. The specialty pharmaceutical company named board member J. Kevin Buchi as interim CEO until a permanent CEO can be found. ""Fred has been instrumental in Impax's ability to remove the warning letter regarding the Company's Hayward facility, which has allowed us to regain generic approvals from that facility," said Chairman Robert Burr. The stock, which was still inactive in premarket trade, has plunged 69% year to date, while the S&P 500 has gained 11%.

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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