Breaking Stock Market and Financial News

UPDATE 1-Mexico telecom ruling struck down in blow to Televisa -sources

Reuters Us Markets - Thu, 01/19/2017 - 19:04
MEXICO CITY, Jan 19 (Reuters) - A Mexican tribunal struck down a ruling on Thursday that said broadcaster Grupo Televisa did not have market power in pay television, two people with knowledge of the...

Australia new home sales jump 6.1 pct in Nov-HIA

Reuters Us Markets - Thu, 01/19/2017 - 19:03
SYDNEY, Jan 20 (Reuters) - Sales of new homes in Australia rebounded sharply in November in a sign the boom in residential construction has a while to run yet, an industry survey reported on Friday.

DIARY-Emerging Markets Economic Events to Feb. 22

Reuters Us Markets - Thu, 01/19/2017 - 19:02
** This Diary is filed daily *** ---------------------------------------------------------------

China seen posting steady fourth quarter GDP growth of 6.7 percent

Top Reuters News - Thu, 01/19/2017 - 18:08
BEIJING (Reuters) - Boosted by higher government spending and record bank lending, China is expected to report on Friday that its economy grew by a steady 6.7 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017.

J.P. Morgan Chase hikes Jamie Dimon's pay by nearly 4%

MarketWatch Market Pulse - Thu, 01/19/2017 - 17:35

J.P. Morgan Chase & Co. said it raised the pay of its Chief Executive Jamie Dimon by nearly 4%, according to a filing with the Securities and Exchange Commission late Thursday. The bank will pay Dimon $28 million for 2016, the filing said. That's up from last year's $27 million. Dimon's base salary of $1.5 million and cash incentive package of $5 million remain the same. The remaining $21.5 million of Dimon's pay is in the form of performance share units, J.P. Morgan said. Shares of J.P. Morgan were down less than 0.1% at $83.28 after hours.

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Alcoa to restart Portland Aluminium smelter in Australia

MarketWatch Market Pulse - Thu, 01/19/2017 - 17:33

Alcoa Corp. will restart the Portland Aluminium smelter in Australia following a power outage in December. Restoring production at the smelter is expected to take abuot six months. The facility had been operating at nearly 85% of capacity at 385,000 metric tons a year before the stoppage. The aluminum company also reached a four-year deal with AGL to secure a steady supply of electricity to the smelter. Alcoa shares were flat in the extended session after rising 1.8% to close at $35.42.

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Target names Rick Gomez new marketing chief

MarketWatch Market Pulse - Thu, 01/19/2017 - 17:25

Target Corp. said late Thursday it promoted Rick Gomez to executive vice president and chief marketing officer, effective Jan. 29. Gomez will be responsible for "furthering Target's brand positioning and leading the integration of all marketing programs," the company said in a statement. Gomez will report to Chairman and Chief Executive Officer Brian Cornell. Gomez joined the retailer in 2013 after roles at PepsiCo and other companies. Shares of Target rose 0.2% in late trading after ending the regular session down 2.2%. The S&P 500 index ended the day down 0.4%.

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BRIEF-Paramount completes $975 million refinancing of One Market Plaza

Reuters Us Markets - Thu, 01/19/2017 - 16:37
* Paramount completes $975 million refinancing of One Market Plaza

BRIEF-Skyworks announces new $500 mln stock repurchase program

Reuters Us Markets - Thu, 01/19/2017 - 16:35
* Skyworks announces new $500 million stock repurchase program

Uber agrees to pay FTC $20 million over driver earnings claims

MarketWatch Market Pulse - Thu, 01/19/2017 - 16:35

Uber Technologies Inc. agreed to pay $20 million to the Federal Trade Commission to settle claims that Uber had exaggerated driver earnings and terms of its vehicle leasing program, according to a filing Thursday. The order states that Uber is prohibited from misrepresenting the income a driver could earn, the terms and conditions of its leasing program and the terms and conditions of financing and leasing terms offered by Uber or by another partner. With the settlement, Uber neither claims nor denies any of the allegations, the filing says. Uber did not immediately respond to a request for comment.

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BRIEF-Preferred Bank reports Q4 earnings per share $0.71

Reuters Us Markets - Thu, 01/19/2017 - 16:34
* Q4 earnings per share view $0.65 -- Thomson Reuters I/B/E/S

BRIEF-Abraxas launches common stock offering

Reuters Us Markets - Thu, 01/19/2017 - 16:34
* Plan to use net proceeds from offering to accelerate drilling program with expanded 2017 capital expenditure of about $110 million Source text for Eikon: Further company coverage:

Synergy wins U.S. approval for constipation drug

Reuters Us Markets - Thu, 01/19/2017 - 16:34
Jan 19 (Reuters) - The U.S. Food and Drug Administration said on Thursday it had approved Synergy Pharmaceuticals Inc's drug to treat chronic idiopathic constipation (CIC). (http://bit.ly/2k5wNlA)

BRIEF-CSS Industries names John Roselli as CFO

Reuters Us Markets - Thu, 01/19/2017 - 16:34
* CSS Industries Inc announces appointment of new chief financial officer

Senior U.S. spy, diplomats leaving despite being asked to stay on

Top Reuters News - Thu, 01/19/2017 - 16:34
WASHINGTON (Reuters) - A top U.S. intelligence officer and two senior diplomats are leaving the government despite appearing on a Jan. 17 list of those asked to stay on under President-elect Donald Trump, current and former U.S. officials said on Thursday.

BRIEF-Truecar files for mixed shelf of up to $100 million

Reuters Us Markets - Thu, 01/19/2017 - 16:34
* In addition, selling stockholders may offer up to 20.0 million shares of co's common stock Source text: (http://bit.ly/2iGKZFI) Further company coverage:

BRIEF-Abraxas updates 2017 capex and production guidance

Reuters Us Markets - Thu, 01/19/2017 - 16:33
* Abraxas announces acceleration of 2017 planned activity; updates capex and production guidance

Brazil's Temer declares national mourning for Supreme Court judge

Reuters Us Markets - Thu, 01/19/2017 - 16:33
SAO PAULO, Jan 19 (Reuters) - Brazilian President Michel Temer on Thursday declared three days of national mourning after the death of Supreme Court Justice Teori Zavascki in a plane crash off the...

UPDATE 1-AmEx profit misses estimates on higher marketing spend

Reuters Us Markets - Thu, 01/19/2017 - 16:32
Jan 19 (Reuters) - American Express Co posted a lower-than-expected quarterly profit on Thursday as the credit card issuer boosted spending on marketing and promotion to fend off rising competition.

Atlassian shares choppy as results beat Street, earnings outlook misses

MarketWatch Market Pulse - Thu, 01/19/2017 - 16:24

Atlassian Corp. shares fluctuated between gains and losses in the extended session Thursday after the business collaboration software company topped Wall Street estimates for the latest quarter but issued an earnings outlook that fell short of the consensus. Atlassian shares, which at first rallied, then slipped into negative territory, traded up 0.3% to $27.50 after hours. The company reported adjusted fiscal second-quarter earnings of 9 cents a share on revenue of $148.9 million. Analysts surveyed by FactSet had estimated earnings of 8 cents a share on revenue of $144 million. For the third quarter, Atlassian sees adjusted earnings of about 6 cents a share on revenue of $155 million to $157 million. Analysts expect third-quarter earnings of 8 cents a share on revenue of $154.4 million.

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