Breaking Stock Market and Financial News

Exclusive: Canadian energy firms at bigger risk from cyber, bomb attacks - spy agency

Top Reuters News - Tue, 01/17/2017 - 13:27
CALGARY, Alberta (Reuters) - Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters.

U.S. jeweler Claire's abandons plan to go public

Reuters Us Markets - Tue, 01/17/2017 - 13:26
Jan 17 (Reuters) - Claire's Inc, known for its affordable jewelry and ear piercing services, said it was withdrawing its plans to go public, more than three years after filing for an initial public...

Belize creditors reject government offer on bond restructuring

Reuters Us Markets - Tue, 01/17/2017 - 13:25
NEW YORK, Jan 17 (IFR) - A committee of Belize creditors has rejected proposed changes to terms in the country's US$530m super bond that were put forward by the government last week.

BRIEF-U.S. Bancorp says Andy Cecere to succeed Richard Davis as CEO on April 18, 2017

Reuters Us Markets - Tue, 01/17/2017 - 13:22
* Andy Cecere to succeed Richard Davis as U.S. Bancorp Chief Executive Officer at April annual meeting; Davis to continue as Executive Chairman of the Board

Claire's Inc. withdraws initial public offering

MarketWatch Market Pulse - Tue, 01/17/2017 - 13:20

Claire's Inc., a teen retailer of accessories and cosmetics, withdrew its initial public offering Tuesday. The company, owned by equity firm Apollo Global Management, did not give a reason other than it "decided not to proceed with the offering at this time." The company had filed to go public in May 2013. Neiman Marcus, another retailer, withdrew its IPO in early January.

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MOVES-U.S. Bancorp says Andy Cecere to succeed Richard Davis as CEO

Reuters Us Markets - Tue, 01/17/2017 - 13:17
Jan 17 (Reuters) - U.S. regional bank U.S. Bancorp said Chief Operating Officer Andy Cecere would succeed Richard Davis as chief executive officer, effective April 18.

Trump Commerce nominee Ross to divest assets worth up to $187 million

Reuters Us Markets - Tue, 01/17/2017 - 13:16
WASHINGTON, Jan 17 (Reuters) - Wilbur Ross, President-elect Donald Trump's nominee for Commerce Secretary, has pledged to divest assets worth about $62 million to $187 million and resign his...

Bill O'Reilly to interview President Trump on Super Bowl Sunday

MarketWatch Market Pulse - Tue, 01/17/2017 - 13:05

Fox News Channel said Tuesday that anchor Bill O'Reilly will interview incoming President Donald Trump on Super Bowl Sunday, Feb. 5, and will air the exchange during the Fox pregame show. The interview is slated to take place at the White House earlier that day, and to be broadcast at about 4 p.m. Eastern time, Fox said in a statement. It is expected to cover a range of topics, and further excerpts are set ti be broadcast on the Feb. 6 edition of "The O'Reilly Factor." Fox shares were last trading down 0.3% but are up about 15% in the past 12 months, while the S&P 500 has gained about 20%.

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BlackRock settles SEC charges it forced employees to waive whistleblower rights

MarketWatch Market Pulse - Tue, 01/17/2017 - 12:03

The Securities and Exchange Commission said on Tuesday that BlackRock Inc. , the world's largest asset manager, will pay a $340,000 penalty to settle charges the firm improperly forced exiting employees, via separation agreements, to waive their right to obtain whistleblower awards. Those waivers violate the Dodd-Frank law, said the SEC. More than 1,000 BlackRock employees signed agreements to "waive any right to recovery of incentives for reporting of misconduct", according to the SEC's order, in order to receive separation payments from the firm. BlackRock added the waiver in October 2011 after the SEC adopted Dodd-Frank whistleblower program rules, and the firm continued to include it in separation agreements until March 2016. BlackRock consented to the SEC's order without admitting or denying the findings. The firm voluntarily revised its separation agreement and has taken a number of remedial actions, including the implementation of mandatory yearly training to summarize employee rights under the SEC's whistleblower program, according to the SEC's press release.

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CANADA STOCKS-TSX barely lower as resource stock gains offset bank, rails

Reuters Us Markets - Tue, 01/17/2017 - 10:43
TORONTO, Jan 17 (Reuters) - Canada's main stock index was marginally lower on Tuesday as financial and railway stocks weighed, while shares in energy companies and gold miners rose on higher...

UK minister: No decision yet on best Brexit financial services deal

Reuters Us Markets - Tue, 01/17/2017 - 10:41
LONDON, Jan 17 (Reuters) - Britain has yet to reach a decision on the arrangements it will seek for the financial services industry once it leaves the European Union, Brexit minister David Davis told...

Nigeria hopes to sell Eurobonds worth $1 bln in March-vice president

Reuters Us Markets - Tue, 01/17/2017 - 10:41
DAVOS, Switzerland, Jan 17 (Reuters) - Nigeria hopes to sell Eurobonds worth $1 billion in March, Vice President Yemi Osinbajo said on Tuesday.

UPDATE 2-Wal-Mart to create 10,000 U.S. jobs this year

Reuters Us Markets - Tue, 01/17/2017 - 10:40
Jan 17 (Reuters) - Wal-Mart Stores Inc said it would create about 10,000 jobs in the United States this year, about the same as in previous years, as President-elect Donald Trump puts pressure on...

UPDATE 1-General Motors says to invest additional $1 bln in U.S.

Reuters Us Markets - Tue, 01/17/2017 - 10:39
WASHINGTON, Jan 17 (Reuters) - General Motors Co confirmed on Tuesday it would invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the...

BRIEF-BlackRock strategist says "we see a more measured dollar rally ahead"

Reuters Us Markets - Tue, 01/17/2017 - 10:37
* BlackRock strategist Turnill says "we see a more measured dollar rally ahead"

UPDATE 1-UK car sector warns Britain needs custom union to help retain trade

Reuters Us Markets - Tue, 01/17/2017 - 10:37
LONDON, Jan 17 (Reuters) - Britain needs to participate in the European Union's customs union to help retain trade, a car industry body warned on Tuesday after the government said that, post Brexit,...

Oil export at Russia's Sakhalin-1 temporarily cut after equipment glitch

Reuters Us Markets - Tue, 01/17/2017 - 10:33
SINGAPORE, Jan 17 (Reuters) - Crude oil export at Russia's Sakhalin-1 project has been temporarily reduced following a mechanical failure of equipment at Exxon Neftegas Limited Chayvo onshore...

BRIEF-ENDOLOGIX RESUMES SHIPMENTS OF ALL SIZES OF AFX2 ENDOVASCULAR AAA SYSTEMS

Reuters Us Markets - Tue, 01/17/2017 - 10:33
* ENDOLOGIX RESUMES SHIPMENTS OF ALL SIZES OF AFX2 ENDOVASCULAR AAA SYSTEMS

Wal-Mart's stock jumps after announcement of job creation plans, a week after WSJ report of job cuts

MarketWatch Market Pulse - Tue, 01/17/2017 - 10:31

Wal-Mart Stores Inc.'s stock shot up 3.1% in morning trade Tuesday, making it the biggest gainer among Dow Jones Industrial Average components, after the discount retail behemoth said it planned to create 10,000 U.S. jobs this year. The price gain of $2.05 was adding 14 points to the price of the Dow, which was down 25 points. The stock's rally comes one session after it closed at an 8-month low, and a week after The Wall Street Journal reported Wal-Mart was preparing to cut hundreds of jobs by the end of January. On Tuesday, Wal-Mart said it estimates that 24,000 construction jobs will also be supoprted through the opening of new facilities and the improvement of existing facilities. The stock

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German firms to scale back investment in UK over Brexit - DIHK association

Reuters Us Markets - Tue, 01/17/2017 - 10:29
BERLIN, Jan 17 (Reuters) - Prime Minister Theresa May's announcement that Britain will leave the EU's single market provides clarity and means German firms will start scaling back investment in the...

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