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

Cuba says United States has deported 117 Cuban migrants since policy shift

Top Reuters News - Sat, 02/18/2017 - 02:10
HAVANA (Reuters) - Cuba said on Friday the United States had deported 117 migrants back to the island nation since ending its policy granting automatic residency to almost every Cuban who reached U.S. soil as part of the normalization of relations.

China says policies unaffected by Trump plan to bring factories back to U.S.

Top Reuters News - Fri, 02/17/2017 - 23:16
SHANGHAI (Reuters) - China is closely following U.S. President Donald Trump's plans to create more domestic jobs by encouraging U.S. companies to bring home or "reshore" their overseas production, but the government will not change its overall strategy, Industry Minister Miao Wei said on Friday.

Malaysian police arrest North Korean man in connection with Kim Jong Nam murder

Top Reuters News - Fri, 02/17/2017 - 23:07
KUALA LUMPUR (Reuters) - Malaysian police said on Saturday they had arrested a North Korean man in connection with the murder of Kim Jong Nam, the half brother of the North Korean leader Kim Jong Un.

Trump goes to his comfort zone: campaigner-in-chief

Top Reuters News - Fri, 02/17/2017 - 19:52
WASHINGTON (Reuters) - After a tumultuous opening month in the White House, President Donald Trump is heading to a friendlier, familiar and potentially rejuvenating place: the campaign trail.

75 years later, Japanese Americans recall pain of internment camps

Top Reuters News - Fri, 02/17/2017 - 19:18
NEW YORK (Reuters) - Joyce Nakamura Okazaki was 7 years old in 1942 when her family left their Los Angeles home and reported to a World War Two internment camp for Japanese Americans in California's remote desert.

Momenta Pharma shares halted as drug application hits speed bump

MarketWatch Market Pulse - Fri, 02/17/2017 - 18:41

Momenta Pharmaceuticals Inc. were halted in the extended session Friday after the biotech company said a supplier's compliance issue could delay approval of a higher dose of one of its multiple sclerosis drugs. Momenta shares were halted at $19 after hours. The company said a key supplier of its Glatopa multiple sclerosis drug, Pfizer Inc. , was served with a Food and Drug Administration Warning Letter, meaning something at the Pfizer facility was not in compliance with FDA code. Until the facility demonstrates compliance, Momenta said that approval for its marketing application for a 40 mg. dose of Glatopa is "unlikely" in the first quarter. Pfizer shares declined 0.4% to $33.48 after hours.

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Exclusive: SoftBank willing to cede control of Sprint to entice T-Mobile - sources

Top Reuters News - Fri, 02/17/2017 - 17:06
NEW YORK (Reuters) - Japan's SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter.

Viacom's Paramount CEO Grey negotiating departure: report

MarketWatch Market Pulse - Fri, 02/17/2017 - 17:04

Brad Grey, the CEO of Paramount Pictures Corp., is negotiating the terms of his departure with Bob Bakish, the CEO of Paramount's parent Viacom Inc. , according to The Wall Street Journal, which cited a source familiar with the matter. Shares of Viacom were flat in late trading Friday after ending the regular session down 0.4%.

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.

Amtrak police officer charged with murder in Chicago shooting

Top Reuters News - Fri, 02/17/2017 - 17:01
CHICAGO (Reuters) - An Amtrak police officer has been charged with murder after fatally shooting an unarmed man who had been spotted smoking marijuana outside Chicago's Union Station train terminal, a police statement and court documents showed on Friday.

Kraft Heinz bids $143 billion for Unilever in global brand grab

Top Reuters News - Fri, 02/17/2017 - 16:38
LONDON (Reuters) - U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.

How do you say deja vu in Greek?

Top Reuters News - Fri, 02/17/2017 - 16:29
LONDON (Reuters) - It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public.

Stocks finish higher for week as Dow, Nasdaq score another record

MarketWatch Market Pulse - Fri, 02/17/2017 - 16:07

U.S. stocks finished higher for the week Friday as the Dow industrials extended its streak of record closes to seven sessions. The Dow Jones Industrial Average rose 4.28 points, or less than 0.1%, to finish at 20,624.05, as shares of UnitedHealth Group Inc. weighed heavily on the average. For the week, the Dow closed up 1.8%. The S&P 500 index closed up 3.94 points, or 0.2%, at 2,351.16, with telecom and consumer-staples stocks leading the index higher. For the week, the S&P 500 closed up 1.5%. The Nasdaq Composite index finished up 23.68 points, or 0.4%, at a record 5,838.58, for a 1.8% gain on the week.

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Software copmany MuleSoft files to go public

MarketWatch Market Pulse - Fri, 02/17/2017 - 16:05

Software company MuleSoft Inc. filed to go public Friday. The company reported revenue of $187.7 million in 2016, up from $110.3 million in 2015. It narrowed its net loss to $49.6 million in 2016 from $65.4 million in 2015. The company filed for a $100 million offering, which is likely a placeholder amount, and has applied to list on the New York Stock Exchange under the symbol "MULE." Goldman Sachs & Co., J.P. Morgan and Bank of America Merrill Lynch are the lead underwriters on the offering.

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Arista Networks, a Cisco competitor, rockets to record high

MarketWatch Market Pulse - Fri, 02/17/2017 - 16:01

Arista Networks Inc. rocketed 18% to a record high Friday, following the company's strong earnings report. In after-hours trade Thursday, Arista, which sells communications switches that compete with Cisco Systems Inc. , topped fourth-quarter sales and non-GAAP earnings expectations and provided a revenue outlook for the current quarter well above the consensus estimate. Friday's moved mark Arista stock's second-biggest percentage-gain in history, helping the stock to notch an all-time high. Its shares have climbed more than 34% in the past three months and nearly 98% in the past year, vastly outperforming the S&P 500 , up 7.4% in the past three months and 22% in the past year. Earlier this week, Cisco also reported earnings that topped expectations but revenue declines in its core switching and routing businesses.

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.

Square stock soars as Citi encourages investors to buy

MarketWatch Market Pulse - Fri, 02/17/2017 - 15:44

Shares of Square Inc. climbed nearly 4% on Friday after analysts at Citigroup initiated coverage on the stock with a buy rating. Square stock traded around $14.40 Friday afternoon, representing an increase of nearly 18% in the past three months and more than 46% in the past 12 months. Its shares have outperformed the S&P 500 , which is up 7.3% in the past three months and 22% in the year. The percent-gain is Square's largest since Dec. 7. The company is scheduled to report earnings next week.

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.

Hertz, Avis stocks drop after Credit Suisse downgrades

MarketWatch Market Pulse - Fri, 02/17/2017 - 15:15

Shares of Hertz Global Holdings Inc. dropped 7.2% in active afternoon trade Friday, after Credit Suisse turned bearish on the car rental company, citing a lackluster growth environment that is exacerbated by operational struggles. Analyst Anjaneya Singh downgraded the stock to underperform from neutral, and slashed the stock price target to $15, which is 25% below current levels, from $27. "In an environment that presents weak volume growth, flattish pricing and inflationary fleet costs, we see [Hertz] struggling to generate profit growth reflected in consensus estimates," Singh wrote in a note to clients. Avis Budget Group Inc.'s stock slumped 5%, after Singh downgraded the stock to neutral from outperform, citing Avis's the surprise negative volume growth Avis reported for the fourth quarter. Hertz's stock has tumbled 41% over the past 12 months, while Avis shares rallied 15% and the S&P 500 climbed 22%.

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.

Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018 - sources

Top Reuters News - Fri, 02/17/2017 - 15:02
DETROIT (Reuters) - General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s plans said this week.

T-Mobile, Sprint shares rally after report Softbank plans merger talks between the companies

MarketWatch Market Pulse - Fri, 02/17/2017 - 14:55

Shares of T-Mobile US Inc. rose more than 4% in afternoon trade on Friday after a Reuters report that Softbank Group plans to approach the wireless phone carrier to talk about merging with Sprint Corp. . Sprint, which Softbank owns, saw shares rise more the 3%. Shares of Sprint are up nearly 212% in the trailing 12-month period, while T-Mobile is up 72% during the same time frame and the S&P 500 Index is up almost 22%.

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.

Oil futures barely budge for the session, lose 0.9% for the week

MarketWatch Market Pulse - Fri, 02/17/2017 - 14:51

Oil futures added a few pennies on Friday, but ended the week with a loss for the first time in three weeks. Traders weighed pressure from rising U.S. crude production and supplies against support from sizable production cuts among members of the Organization of the Petroleum Exporting Countries. March West Texas Intermediate crude rose 4 cents, or less than 0.1%, to settle at $53.40 a barrel. Prices lost roughly 0.9% for the week, 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.

Aetna shares on news of up to $4 bln share buyback authorization; doubling quarterly cash dividend

MarketWatch Market Pulse - Fri, 02/17/2017 - 14:22

Aetna Inc. shares were halted in Friday afternoon trade before the company announced it was authorizing up to $4 billion for share buybacks and would double its quarterly cash divided to 50 cents per share. Aetna shares have declined 1.0% over the last three months, compared with a 7.2% rise in the S&P 500 .

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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