Breaking Stock Market and Financial News

BRIEF-George Weston, Loblaw Companies announce management succession

Reuters Us Markets - Thu, 01/19/2017 - 07:40
* George Weston Limited and Loblaw Companies limited announce management succession

Sears to replace employee discount program with new points program

MarketWatch Market Pulse - Thu, 01/19/2017 - 07:38

Sears Holdings Corp. will replace its associate discount program with a new associates points program that will award points and other perks through the company's Shop Your Way loyalty program, effective Jan. 29. With the current system, a discount is taken on items at the time of purchase. Under the new points program, associates will receive 20% back in points on softlines categories, such as clothing, and 15% back on hardlines purchases, such as home furnishings and appliances, according to company spokesperson, Howard Riefs. Points can be used toward future purchases. "All of our company initiatives support the company's transformation from a traditional retailer to a member-centric integrated platform leveraging Shop Your Way," said Riefs. Sears shares are unchanged in Thursday premarket trading, and down 47.3% for the last year. The S&P 500 index is up 20.8% for the past 12 months.

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BRIEF-Webster Q4 earnings per share $0.60

Reuters Us Markets - Thu, 01/19/2017 - 07:37
* Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S

BRIEF-Inca One Gold says announces changes to board

Reuters Us Markets - Thu, 01/19/2017 - 07:37
* Inca One Gold Corp announces changes to board Source text for Eikon: Further company coverage:

BRIEF-Otonomy initiates patient enrollment in phase 2 clinical trial of oto-104 as protectant against cisplatin-induced hearing loss

Reuters Us Markets - Thu, 01/19/2017 - 07:33
* Otonomy initiates patient enrollment in phase 2 clinical trial of oto-104 as protectant against cisplatin-induced hearing loss

Netflix adding $4.7 billion to market cap as stock soars toward record high

MarketWatch Market Pulse - Thu, 01/19/2017 - 07:33

Shares of Netflix Inc. soared 8.2% toward a record high in premarket trade Thursday, in the wake of a strong fourth-quarter report, which would add about $4.66 billion to video streaming company's market value. Based on Wednesday's closing prices, that would push Netflix up eight spots in the S&P 500's market-cap rankings to 78th, according to FactSet data. The stock's rally means Chief Executive Reed Hastings's Netflix stake, which at 5.86 million shares ranks him 13th among shareholders, according to FactSet, could be worth $63.7 million more. The stock has run up 24% over the past 12 months through Wednesday, while the SPDR Technology Sector Sector ETF has climbed 26% and the S&P 500 has gained 21%.

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.

BRIEF-Can-Fite Biopharma reports $5 mln registered direct offering

Reuters Us Markets - Thu, 01/19/2017 - 07:33
* Can-Fite Biopharma announces $5 million registered direct offering

BRIEF-Liberty Media Corp says LMCK shares will be reserved by Liberty for issuance to F1 teams at a per share purchase price of $21.26

Reuters Us Markets - Thu, 01/19/2017 - 07:32
* Liberty Media Corporation announces proposed private offering of cash convertible senior notes to buy $400m of LMCK shares to be held for Formula 1 teams

BRIEF-Sandy Spring Bancorp reports net income of $13.3 mln for the fourth quarter

Reuters Us Markets - Thu, 01/19/2017 - 07:28
* Sandy Spring Bancorp reports net income of $13.3 million for the fourth quarter and record annual earnings of $48.3 million

FOREX-Yellen speech bolsters dollar after Trump's mixed messages

Reuters Us Markets - Thu, 01/19/2017 - 07:28
* Dollar holds most of almost 1 pct gain after Yellen comments

BRIEF-M&T Bank Corp announces 2016 fourth quarter results

Reuters Us Markets - Thu, 01/19/2017 - 07:27
* M&T Bank Corporation announces 2016 fourth quarter and full-year results

Target to partner with Major League Soccer, make big push into the sport

MarketWatch Market Pulse - Thu, 01/19/2017 - 07:16

Target Corp. will be the official partner of Major League Soccer, marking its largest push into team sports, the company said Thursday. The multi-year partnership includes airtime during broadcasts and in-stadium experiences. Additionally, Target said it will become a partner of the Minnesota United soccer team and will have its logo on the team's official jersey. Target will also support youth soccer programs. "There are so many things that drew us to soccer -- it's multicultural, watched and played by families and is growing immensely in popularity," said Rick Gomez, a senior vice president at Target, in the press release. Shares of Target were down 1% in premarket trade Thursday. Shares of Target have fallen 3.4% in the past 12 months, compared to the S&P 500's gain of 21%.

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.

Web of investigations entangles Israel's 'King Bibi'

Top Reuters News - Thu, 01/19/2017 - 07:01
JERUSALEM (Reuters) - Benjamin Netanyahu has spent 30 years in public office, including 11 years as Israel's prime minister, but this year his political future is being called into question as seldom before.

Obama hopes for quiet after White House but will defend 'core values'

Top Reuters News - Thu, 01/19/2017 - 06:58
WASHINGTON (Reuters) - He is ready for some quiet time, plans to do some writing and intends to give his successor space to govern, at least on most issues.

Davos CEOs 'go local' on supply chain in Trump era

Top Reuters News - Thu, 01/19/2017 - 06:36
DAVOS, Switzerland (Reuters) - Business leaders in Davos, traditionally the high priests of globalization, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. President Donald Trump.

Rescue teams search for trapped firefighters after Iran building collapse

Top Reuters News - Thu, 01/19/2017 - 06:32
ANKARA (Reuters) - Rescue teams were searching on Thursday for at least 25 trapped firefighters and medics treated dozens of casualties after a blazing high-rise building collapsed in downtown Tehran, the city's mayor said.

Fortress Washington girds for days of anti-Trump protests

Top Reuters News - Thu, 01/19/2017 - 06:26
WASHINGTON (Reuters) - Washington will turn into a virtual fortress ahead of Donald Trump's presidential inauguration on Friday, as the U.S. capital braces for more than a quarter-million protesters expected during the Republican's swearing-in.

Kremlin hits out at Obama, says was always ready for nuclear arms cuts

Top Reuters News - Thu, 01/19/2017 - 05:19
MOSCOW (Reuters) - The Kremlin on Thursday disputed a statement by outgoing U.S. President Barack Obama on nuclear arms cuts, saying Russia had always been ready to consider making proportional cuts to its arsenal.

Avalanche hits Italy hotel, many feared dead or injured

Top Reuters News - Thu, 01/19/2017 - 04:44
PENNE, Italy (Reuters) - An avalanche hit a popular mountain hotel in central Italy after a series of strong earthquakes had rattled the area, and up to 30 people might be buried under the snow, officials said on Wednesday.

UPDATE 1-Barclays chair says UK govt backs 3-year transition for banks after Brexit

Reuters Us Markets - Thu, 01/19/2017 - 04:39
DAVOS, Jan 19 (Reuters) - The British government is supportive of a three-year transition period for the financial sector once Britain leaves the European Union, Barclays Chairman John McFarlane...

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