Breaking Stock Market and Financial News

Drugmakers in Davos shift focus to chronic diseases of poor

Reuters Us Markets - 19 hours 18 min ago
DAVOS, Switzerland, Jan 18 (Reuters) - Two decades after they were spurred into action to tackle AIDS in Africa, global drugmakers said on Wednesday they would invest $50 million over three years to...

Democrats blast Trump's pick for Education Secretary

Reuters Us Markets - Tue, 01/17/2017 - 23:56
WASHINGTON, Jan 17 (Reuters) - Democrats sliced holes in billionaire Betsy DeVos's credentials to be the next U.S. Education Secretary at a confirmation hearing on Tuesday, raising doubts whether...

China's Yonghui Superstores, Bain to buy US-based Daymon for $413 mln

Reuters Us Markets - Tue, 01/17/2017 - 22:42
HONG KONG, Jan 18 (Reuters) - China's supermarket chain operator Yonghui Superstores Co Ltd said it would team up with Bain Capital Private Equity to buy U.S. retail services group Daymon Worldwide...

Toshiba in talks to sell chip business stake to Western Digital - source

Reuters Us Markets - Tue, 01/17/2017 - 22:29
TOKYO, Jan 18 (Reuters) - Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a...

Xi says world needs China, U.S. to have stable relationship

Top Reuters News - Tue, 01/17/2017 - 22:26
BEIJING (Reuters) - The world needs China and the United States to have a stable and cooperative relationship, Chinese President Xi Jinping told U.S. Vice President Joe Biden, just days before new uncertainty looms with Donald Trump taking office as president.

Morning News Call - India, January 18

Reuters Us Markets - Tue, 01/17/2017 - 22:17
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01182017.pdf If you would like to receive this newsletter via email,...

UPDATE 3-Australia says suspended MH370 search could resume in future

Reuters Us Markets - Tue, 01/17/2017 - 22:10
* Australia says "credible new evidence" needed to restart search

MOVES-Citigroup names Campbell head of DCM for Australia/NZ

Reuters Us Markets - Tue, 01/17/2017 - 22:00
SINGAPORE, Jan 18 (IFR) - Citigroup has appointed Ian Campbell head of debt capital markets for Australia and New Zealand.

UPDATE 4-U.S. Senate Democratic leader attacks Trump's health pick on ethics charge

Reuters Us Markets - Tue, 01/17/2017 - 21:57
WASHINGTON, Jan 17 (Reuters) - U.S. President-elect Donald Trump's choice to run the Department of Health and Human Services may have broken the law by making a stock purchase just before he...

New York governor wants to spend more on education, lower taxes

Reuters Us Markets - Tue, 01/17/2017 - 21:53
NEW YORK, Jan 17 (Reuters) - New York Governor Andrew Cuomo on Tuesday proposed a $152.3 billion all-funds state budget for fiscal 2018 that would increase education funding by $1 billion and cut tax...

Brazil's Odebrecht settling bribe cases in 12 countries

Reuters Us Markets - Tue, 01/17/2017 - 21:44
BRASILIA, Jan 17 (Reuters) - Brazil's largest engineering conglomerate Odebrecht SA plans to reach settlements in all 12 countries where it has admitted to paying bribes to obtain contracts, two...

BRIEF-Bonanza Creek Energy receives unsolicited inquiry from Bill Barrett Corporation

Reuters Us Markets - Tue, 01/17/2017 - 21:34
* Bonanza Creek Energy receives unsolicited inquiry from Bill Barrett Corporation

BRIEF-Charter prices $1 billion senior unsecured notes

Reuters Us Markets - Tue, 01/17/2017 - 19:39
* Charter Communications Inc -Have priced $1.0 billion in amount of senior unsecured notes due 2027 ,notes will bear interest at a rate of 5.125 percent per annum

Mexico's Terrafina acquires 51 properties for $422 million

Reuters Us Markets - Tue, 01/17/2017 - 19:38
MEXICO CITY, Jan 17 (Reuters) - Mexican real estate investment trust (REIT) Terrafina said on Tuesday it had acquired two portfolios comprising a total of 51 properties for $422 million to strengthen...

BRIEF-Theratechnologies-Abstract submitted by Taimed for 24-week study of Ibalizumab phase III

Reuters Us Markets - Tue, 01/17/2017 - 19:38
* Theratechnologies-Abstract submitted by its partner, Taimed Biologics, for 24-week study of Ibalizumab phase III study has been selected for late breaker presentation Source text for Eikon:...

New York protesters camp out at Goldman Sachs to oppose Trump

Reuters Us Markets - Tue, 01/17/2017 - 19:35
NEW YORK, Jan 17 (Reuters) - Dozens of protesters gathered outside of Goldman Sachs Group Inc headquarters on Tuesday to rally against President-elect Donald Trump's picking several former executives...

Freeport-McMoran in settlement over uranium mine cleanup on Navajo land

Reuters Us Markets - Tue, 01/17/2017 - 19:32
WASHINGTON, Jan 17 (Reuters) - Freeport-McMoRan Inc has entered into an agreement with the U.S. government and the Navajo Nation for the cleanup of 94 abandoned uranium mines on Navajo land, the...

GLOBAL MARKETS-Sterling basks in glow of May's Brexit speech; stocks slip

Reuters Us Markets - Tue, 01/17/2017 - 19:27
HONG KONG, Jan 18 (Reuters) - The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower...

UPDATE 2-Toshiba mulls chip business stake sale to Western Digital -Nikkei

Reuters Us Markets - Tue, 01/17/2017 - 19:24
* Toshiba may sell about 20 pct stake in chip business - Nikkei

Cameco expects to report net loss for 2016, cut jobs at uranium mines

Reuters Us Markets - Tue, 01/17/2017 - 19:22
Jan 17 (Reuters) - Canadian uranium producer Cameco Corp on Tuesday said it expected its 2016 adjusted profit to be significantly lower than analysts' estimates and also said it would cut 120 jobs...

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