Breaking Stock Market and Financial News

U.S. defense secretary arrives in Iraq on unannounced visit to meet Iraqi leaders

Top Reuters News - Tue, 08/22/2017 - 02:03
BAGHDAD (Reuters) - U.S. Defense Secretary Jim Mattis arrived in Iraq on Tuesday, just days after the start of an offensive to take back the city of Tal Afar, to speak with Iraqi leaders about the next steps in the fight against Islamic State.

U.S. admiral says diplomacy key to resolving North Korea crisis

Top Reuters News - Tue, 08/22/2017 - 01:50
OSAN, South Korea (Reuters) - The head of the U.S. military's Pacific Command said on Tuesday it was more important to use diplomacy to counter North Korea's missile threat rather than consider what actions by the reclusive North might trigger a preemptive strike.

Charlottesville city council meeting briefly shut down by protesters

Top Reuters News - Tue, 08/22/2017 - 01:37
(Reuters) - A city council meeting in Charlottesville, Virginia briefly dissolved into an angry protest on Monday as activists and residents demanded answers from officials regarding the response from police during a deadly rally held by white supremacists.

Hong Kong democracy leader Joshua Wong back in dock days after being jailed

Top Reuters News - Tue, 08/22/2017 - 00:47
HONG KONG (Reuters) - Less than a week after being jailed for unlawful assembly, Hong Kong democracy leader Joshua Wong was summoned again to court on Tuesday for an ongoing contempt of court charge related to the 2014 "Occupy" pro-democracy protests.

U.S. Navy to launch fleet-wide probe as search for 10 missing sailors goes on

Top Reuters News - Mon, 08/21/2017 - 22:38
SINGAPORE (Reuters) - Ships, aircraft and divers from an international search-and-rescue operation were still looking for 10 missing U.S. sailors on Tuesday after a collision between a U.S. warship and a merchant vessel in waters near Singapore and Malaysia.

North Korea shipments to Syria chemical arms agency intercepted: U.N. report

Top Reuters News - Mon, 08/21/2017 - 18:36
UNITED NATIONS (Reuters) - Two North Korean shipments to a Syrian government agency responsible for the country's chemical weapons program were intercepted in the past six months, according to a confidential United Nations report on North Korea sanctions violations.

A majority of Americans want to preserve Confederate monuments: Reuters/Ipsos poll

Top Reuters News - Mon, 08/21/2017 - 17:59
NEW YORK (Reuters) - A majority of Americans think Confederate monuments should be preserved in public spaces, according to a Reuters/Ipsos opinion poll, a view that is at odds with efforts in many cities to remove them.

Krystal Biotech seeks to raise up to $35 million in IPO

MarketWatch Market Pulse - Mon, 08/21/2017 - 17:39

Krystal Biotech Inc. plans to raise up to $35 million in an initial public offering, according to a Securities and Exchange Commission filing late Monday. The Pittsburgh-based gene therapy company is a developer of treatments for dermatological diseases. With no revenue, Krystal reported a net loss of $1.2 million, or $5.89 a share, for 2016. Ladenburg Thalmann & Co. was listed as the underwriter for the IPO. Krystal intends to list on the Nasdaq under the ticker symbol "KRYS."

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.

Nordson shares fall on outlook after earnings beat

MarketWatch Market Pulse - Mon, 08/21/2017 - 16:58

Nordson Corp. shares dropped in the extended session Monday after the industrial machinery company's outlook fell short of Wall Street estimates despite a beat on quarterly results. Nordson shares fell 9.5% to $113.30 after hours. For the fiscal fourth quarter, Nordson estimates earnings of $1.18 to $1.32 a share. Analysts surveyed by FactSet expect $1.56 a share. The company reported fiscal third-quarter net income of $101.5 million, or $1.74 a share, compared to $84.2 million, or $1.46 a share, in the year-ago period. Adjusted earnings were $1.78 a share. Revenue rose to $589.4 million from $489.9 million in the year-ago period. Analysts had estimated $1.67 a share on revenue of $576.3 million.

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.

U.S. stocks close mostly higher

MarketWatch Market Pulse - Mon, 08/21/2017 - 16:06

U.S. stock-market indexes closed mostly higher on Monday, with the Dow industrials taking back some ground after the worst two-day drop in nearly a year. The Dow Jones Industrial Average switched between small gains and losses, ending the session 29.24 points, 0.1%, higher at 21,703.75, helped by a rally in shares of Home Depot Inc. ,which rose 1.2%. The S&P 500 closed 2.82 points, or 0.1%, higher at 2,428.37 amid light trading volume. Analysts said the tepid moves on Wall Street were due to geopolitical tensions and ongoing political turmoil in Washington. The Nasdaq Composite index closed 3.4 points, or less than 0.1% lower, at 6,213.13. Among the worst performers on Wall Street, Foot Locker Inc. fell more than 7%, adding to a 28% slide on Friday. The company has lost nearly 40% of its value since the start of the year.

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.

J&J ordered to pay $417 million in trial over talc cancer risks

Top Reuters News - Mon, 08/21/2017 - 15:39
(Reuters) - A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire

Top Reuters News - Mon, 08/21/2017 - 15:25
(Reuters) - Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc .

U.S. funds get tougher on climate and diversity, but not CEO pay

Top Reuters News - Mon, 08/21/2017 - 15:04
BOSTON (Reuters) - Even as top U.S. asset managers BlackRock Inc and State Street Corp pressed companies on climate and diversity issues this year, they made few waves on another area of corporate governance: CEO pay.

Oil prices drop back after two sessions of gains

MarketWatch Market Pulse - Mon, 08/21/2017 - 14:43

Oil prices settled sharply lower Monday, pressured by expectations for further growth in U.S. crude production, as little news emerged from a technical meeting of OPEC and non-OPEC producers. "The fundamentals of the oil market remain bearish for now as U.S. production continues to grind higher and OPEC has so far failed at trying to offer material support to the market through their policy decisions," said Tyler Richey, co-editor at the Sevens Report. September WTI crude fell $1.14, or about 2.4%, to settle at $47.37 a barrel on the New York Mercantile Exchange. It gained 3% on Friday.

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.

Target launches latest kid-designed Art Class collection

MarketWatch Market Pulse - Mon, 08/21/2017 - 14:15

Target Corp. said Monday that it will release the latest iteration of its children's collection Art Class, designed with help from six kids, all "trendsetters" and social media personalities between the ages of 13 and 16, on August 27. The "Fall Semester" features more than 50 items, most priced under $20, and includes pins, paints and patches so merchandise can be personalized. Target is focused on growing its portfolio of private labels over the coming months, with Cat & Jack, its year-old children's line, surpassing $2 billion in sales. Target shares are up 2% in Monday trading, but down 21.4% for the year so far. The S&P 500 index is up 8.3% for 2017 to date.

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.

Bill Cosby hires Michael Jackson lawyer for sexual assault retrial

Top Reuters News - Mon, 08/21/2017 - 14:10
(Reuters) - The lawyer who successfully defended Michael Jackson against child molestation charges will represent Bill Cosby when he is retried on sex assault charges later this year, the comedian's spokesman said on Monday.

Gold prices climb to highest finish since early June

MarketWatch Market Pulse - Mon, 08/21/2017 - 13:57

Gold prices climbed Monday to mark their highest settlement since early June as rising tensions between the U.S. and North Korea lifted investor demand for the precious metal. The move for gold comes ahead of the economic policy symposium of global central bankers that begins Thursday, which could offer clues from central bankers on any shifts to monetary policy. December gold rose $5.10, or 0.4%, to settle at $1,296.70 an ounce. That was the highest finish since June 6, according to FactSet data.

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.

Sen. McConnell says there's 'zero chance' U.S. won't raise debt ceiling

MarketWatch Market Pulse - Mon, 08/21/2017 - 13:00

Senate Majority Leader Mitch McConnell said Monday there's "zero chance" that the debt ceiling won't be raised. Speaking at an event in Kentucky with Treasury Secretary Steven Mnuchin, the Kentucky Republican said "America's not going to default." Mnuchin has said the Treasury can keep paying bills through September.

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.

The Dow industrials struggle to retain grip on key, short-term bullish trend line

MarketWatch Market Pulse - Mon, 08/21/2017 - 12:07

The Dow Jones Industrial Average on Monday briefly traded below an important trend line in early Monday trade, underscoring a steady deterioration of the benchmark's bullish trajectory. The Dow , which was currently paring its losses, traded at an intraday low at 21,600, which puts the equity gauge below its 50-day moving average of 21,629.16, according to FactSet data. It's the first time Dow has slipped below that short-term average level since mid May. Market technicians consider short-term and long-term moving averages in an asset as a dividing line between downward and upward momentum. The S&P 500 index also is trading below its 50-day mark, which it most recently breached on Aug. 11. The Dow, S&P 500 and Nasdaq Composite Index have been carving out a steady retreat in recent action. All three have ended lower in the past two straight sessions, with Monday threatening to make it a third. On the day, equity indexes were paring losses somewhat, with the S&P 500 trading flat at 2,427, the Dow steady at 21,679, and the Nasdaq looking at a decline of 0.1% at 6,209.

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.

Philippines' Duterte says there could have been abuses in war on drugs

Top Reuters News - Mon, 08/21/2017 - 11:53
MANILA (Reuters) - Philippine President Rodrigo Duterte on Monday said there could have been abuses in his government's war on drugs and ordered the police to take custody of officers who were involved in the killing of a high school student last week.

Pages