Breaking Stock Market and Financial News

Nikkei hits 1-year high on Wall Street's record run, weaker yen

Reuters Us Markets - Thu, 12/08/2016 - 20:55
TOKYO, Dec 9 (Reuters) - Japan's Nikkei hit a one-year high on Friday, boosted after Wall Street posted a record close overnight and as the yen weakened against the dollar.

UPDATE 1-New York, New Jersey 10-yr transport plan could include rail tunnel

Reuters Us Markets - Thu, 12/08/2016 - 20:48
Jersey City, N.J., Dec 8 (Reuters) - The Port Authority of New York and New Jersey said for the first time on Thursday its next 10-year capital plan may include $2.7 billion for Amtrak's Gateway rail...

RPT-China Nov producer prices rise 3.3 pct, highest in five years

Reuters Us Markets - Thu, 12/08/2016 - 20:45
BEIJING, Dec 9 (Reuters) - China's November producer prices rose 3.3 percent from a year ago, the highest since October 2011, thanks to soaring prices for commodities such as coal and steel.

China Nov producer prices rise 3.3 pct, highest in five years

Reuters Us Markets - Thu, 12/08/2016 - 20:44
BEIJING, Dec 9 (Reuters) - China's November producer prices rose 3.3 percent from a year ago, the highest since October 2011, thanks to soaring prices for commodities such as coal and steel.

UPDATE 1-3M to sell identity management business to Gemalto

Reuters Us Markets - Thu, 12/08/2016 - 20:36
Dec 8 (Reuters) - 3M Co, the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto...

It's official: Microsoft finalizes $26.2 billion LinkedIn purchase

MarketWatch Market Pulse - Thu, 12/08/2016 - 19:11

Microsoft Corp. announced Thursday it had finalized its $26.2 billion purchase of Linkedin Corp. , the largest acquisition in the tech giant's history. The deal was first announced in June. In a blog post on LinkedIn, Microsoft CEO Satya Nadella announced plans to integrate the workplace social network into Microsoft's products, including notifications within Windows and enabling resumes written in Word to be updated to users' LinkedIn profiles. In a separate LinkedIn blog post, LinkedIn CEO Jeff Weiner, who will continue to lead the company, praised the merger, and told employees that day-to-day operations "would essentially remain unchanged."

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.

EMERGING MARKETS-After tough run, Mexico shares jump, while Brazil stocks drop

Reuters Us Markets - Thu, 12/08/2016 - 18:55
(Updates prices) By Bruno Federowski SAO PAULO, Dec 8 (Reuters) - Brazil's Bovespa stock index fell on Thursday, after two sessions of gains, while Mexican stocks rose 1.65 percent, as...

BRIEF-Edison International raises common stock dividend 13 pct

Reuters Us Markets - Thu, 12/08/2016 - 18:45
* Declared a quarterly common stock dividend of $0.5425 per share

UPDATE 1-Time Inc hires bankers to explore takeover, partnership interest - WSJ

Reuters Us Markets - Thu, 12/08/2016 - 18:37
Dec 8 (Reuters) - Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street...

U.S. derivatives regulator to move on from Dodd-Frank under Trump

Top Reuters News - Thu, 12/08/2016 - 18:36
WASHINGTON (Reuters) - The U.S. derivatives regulator will move on from reforms created in the wake of the 2007-09 financial crisis to a new focus on U.S. competitiveness and the potential for shocks to the global $710 trillion swaps markets under President-elect Donald Trump.

New York, New Jersey 10-yr transport plan could include rail tunnel

Reuters Us Markets - Thu, 12/08/2016 - 18:35
Jersey City, N.J., Dec 8 (Reuters) - The Port Authority of New York and New Jersey said for the first time on Thursday its next 10-year capital plan may include $2.7 billion for Amtrak's Gateway rail...

BRIEF-Pacific Safety Products provides update on unsolicited offer of $0.25 per share from MKU Ltd

Reuters Us Markets - Thu, 12/08/2016 - 18:33
* Pacific Safety Products - Board, financial advisors, legal counsel, continuing to review MKU offer to determine whether it constitutes "superior proposal"

CORRECTED-Time Inc hires bankers to explore takeover, partnership interest - WSJ

Reuters Us Markets - Thu, 12/08/2016 - 18:31
Dec 8 (Reuters) - Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street...

BRIEF-Nuance prices $500 million offering of senior notes

Reuters Us Markets - Thu, 12/08/2016 - 18:31
* Says priced an offering of $500 million aggregate principal amount of its 5.625% senior notes due 2026

BRIEF-Biogen presents data from Phase 1b study of investigational Alzheimer's Disease Treatment at 2016 clinical trials on Alzheimer's Disease Meeting

Reuters Us Markets - Thu, 12/08/2016 - 18:30
* Biogen presents data from Phase 1b study of investigational Alzheimer's disease treatment Aducanumab at 2016 clinical trials on Alzheimer's Disease Meeting

UPDATE 1-Washington state sues Monsanto over PCB damages, cleanup costs

Reuters Us Markets - Thu, 12/08/2016 - 18:29
Dec 8 (Reuters) - Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of...

Wells Fargo picks four directors for sales scandal probe: source

Top Reuters News - Thu, 12/08/2016 - 18:24
(Reuters) - Wells Fargo & Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank's recent sales scandal, a person familiar with the matter said on Thursday.

Wells Fargo picks four directors for sales scandal probe -source

Reuters Us Markets - Thu, 12/08/2016 - 18:21
Dec 8 (Reuters) - Wells Fargo & Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank's recent...

In fossil rarity, tumor found in 255-million-year-old beast

Top Reuters News - Thu, 12/08/2016 - 18:00
WASHINGTON (Reuters) - Scientists examining the jawbone of a saber-toothed, mammal-like beast that prowled Tanzania 255 million years ago have come across a remarkable fossil rarity: one of the oldest-known tumors.

Tinder CEO steps aside in parent Match Group shake-up

MarketWatch Market Pulse - Thu, 12/08/2016 - 18:00

Match Group Inc. Chairman and CEO Greg Blatt will become Tinder CEO as well, the dating company said late Thursday. Tinder's co-founder and current CEO, Sean Rad, was tapped to lead Swipe Ventures, which will "seek to expand Tinder's footprint through acquisitions, development of new businesses and investments in new and existing businesses," the Los Angeles-based company said in a statement. Match Group's brands include online dating sites Match and OkCupid, among others, and it also operates test preparation and tutoring company The Princeton Review. Shares of Match were flat in late trading after ending the regular session up 1%. Rad was ousted as Tinder CEO in 2015 following a sexual harassment lawsuit, but returned to the helm in August 2015. Shortly before Match's IPO in November 2015, he gave a controversial interview to a British tabloid about his dating life.

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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