Latest US Markets News
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US Stocks Wall Street extends losses SP down 1
Sources said the provision would not only badly hit Indian IT cos, but also disrupt operational capabilities of a large number of key US cos as ...
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U.S. Midwest gasoline prices expected to cool after spike
By Sabina Zawadzki Wed May 22, 2013 5:08pm EDT May 22 (Reuters) - Gasoline prices in the U.S. Midwest should fall in the coming days after hitting record highs in several cities last week in the run up to Memorial Day, the traditional start to the summer driving season, traders and industry analysts said on Wednesday. Problems at regional refineries, declining gasoline stockpiles and delays of ...
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FOREX-U.S. dollar climbs to multi-year highs after Bernanke
* Bernanke says could scale back bond buys at one of its next few meetings * Swiss franc falls, SNB's Jordan did not rule out negative interest rates * BOJ upgrades economic assessment, stands pat as expected By Wanfeng Zhou NEW YORK, May ...
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Philadelphia to sell about $400 mln of GO bonds week of June 24
Wed May 22, 2013 5:06pm EDT May 22 (Reuters) - Philadelphia plans to sell about $400 million of general obligation bonds during the week of June 24, the city said on Wednesday. The sale is expected to include $218 million of new general obligation bonds and about $180 of general obligation refunding bonds. The senior managers of the sale will be Citigroup, and Siebert Brandford Shank & Co, the ...
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UPDATE 2-Fisker fields $20 mln offer from Bob Lutz Wanxiang -sources
Wed May 22, 2013 5:05pm EDT * Lutz, Wanxiang make up one of at least two groups seeking Fisker * Co was valued around $2 bln during the launch of flagship Karma * Another team of investors looking to buy DOE note-sources By Deepa Seetharaman and Norihiko Shirouzu DETROIT/TOKYO, May 22 (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is ...
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CANADA STOCKS-TSX edges up as Fed talk buoys golds drags banks
* TSX rises 10.07 points, or 0.08 percent, at 12,752.50 * Seven of 10 main sectors decline * Gold shares add more than 2 percent By John Tilak TORONTO, May 22 (Reuters) - Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now was tempered by fears of a ...
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BRIEF-Morgan Stanley says fixed-income head deRegt retires
Wed May 22, 2013 4:59pm EDT May 22 (Reuters) - Morgan Stanley : * Says fixed-income head deRegt retires * Names Michael Heaney and Robert Rooney co-heads of fixed income * Says Ken deRegt, 57, joining new firm, Canarsie Capital ...
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GLOBAL MARKETS-Stocks oil fall after Bernanke dollar gains
* Investors focus on possible tapering of Fed's bond buying * Dollar index up, Treasuries fall * U.S. stocks turn lower, S&P 500 comes off high * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors ...
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UPDATE 1-Massachusetts reaches $9.6 mln REIT settlement with 5 broker-dealers
Wed May 22, 2013 4:50pm EDT BOSTON May 22 (Reuters) - Five independent broker-dealers will pay at least $9.6 million in fines and restitution to settle what Massachusetts' top securities regulator has called their improper sales of non-traded real estate investment trusts, or REITs. In a statement on Wednesday, Massachusetts Secretary of the Commonwealth William Galvin said the firms include ...
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UPDATE 1-Workday posts smaller loss raises revenue outlook
Wed May 22, 2013 4:46pm EDT * First-quarter adj loss $0.15/share vs est $0.18/share loss * First-quarter revenue $91.6 mln vs est $86.9 mln * Raises full-year revenue outlook * Shares up 2 pct after market May 22 (Reuters) - Workday Inc, a provider of Web-based human resources software, reported a smaller-than-expected quarterly loss as subscription revenue rose 85 percent, and the company ...
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UPDATE 1-Starbucks veteran Michelle Gass leaving for Kohls
Wed May 22, 2013 4:42pm EDT May 22 (Reuters) - Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp. Gass, known for having led many big initiatives at Starbucks, including the development of Frappuccino blended ...
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Update 1-New ZealandAustralia Morning Call-Global markets
-----------------------(06:35 / 2035 GMT)----------------------- Stock ...
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CP Railway sets its sights on buying regional lines
TORONTO | Wed May 22, 2013 4:39pm EDT TORONTO May 22 (Reuters) - Canadian Pacific Railway will become a "more aggressive" buyer of short-line regional railroads as it improves its financial performance and operating efficiency, Canada's second-largest railway said on Wednesday. In a sign of where he plans to take the company after an aggressive program of cost cuts and ...
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Worries About Fed Tapering Lead To Sell-Off On Wall Street - U.S. Commentary
Stocks showed a substantial downturn over the course of the trading day on Wednesday after seeing some strength in morning trading. Renewed worries about the Federal Reserve tapering its asset purchase program contributed to the sharp pullback by ...
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Stocks May Move Higher Ahead Of Testimony From Bernanke - U.S. Commentary
After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for ...
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Why Are Homeowners Being Jailed for Demanding Wall Street Prosecutions
May 22, 2013 3:00 PM ET A two-day long housing protest outside the Department of Justice this week has resulted in nearly 30 arrests and several instances of law enforcement unnecessarily using tasers on activists, according to eye-witnesses. The action – which was organized by a coalition of housing advocacy groups, including the Home Defenders League and Occupy Our Homes – called ...
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After Hours H-P shares jump after earnings outlook
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. shares soared after the computer maker reported second-quarter results and an outlook that topped Wall Street ...
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BRIEF-ValueVision Media shares up 4.5 pct after the bell following results
NEW YORK | Wed May 22, 2013 4:28pm EDT NEW YORK May 22 (Reuters) - ValueVision Media Inc : * Shares were up 4.5 percent after the bell following the release of its ...
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US STOCKS-Wall St falters in volatile session on Fed worries
Wed May 22, 2013 4:25pm EDT * Dow, S&P both rise and fall more than 1 pct in same trading day * FOMC minutes show members open to tapering, disagreement on conditions * Bernanke touts benefits of Fed easing, but hints could act * Dow off 0.5 pct, S&P off 0.8 pct, Nasdaq off 1.1 pct By Angela Moon NEW YORK, May 22 (Reuters) - U.S. stocks fell on Wednesday with the S&P 500 posting its biggest ...
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Wall Street declines after Fed releases minutes
Source: Reuters US stocks have fallen, with a selloff accelerating in late afternoon trade, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. The minutes followed comments from Chairman Ben Bernanke who said the Fed could decide to scale back the pace of bond purchases at one of ...
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BRIEF-Tesla pays off entire US department of energy loan
DETROIT | Wed May 22, 2013 4:22pm EDT DETROIT May 22 (Reuters) - Tesla Motors Inc : * Says it has paid off entire US department of energy loan * Says wired $451.8 million to doe to repay full loan with interest * Says loan payment made using a portion of the about $1 billion raised in last week's stock and notes ...
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DryShips reports loss on weak charter rates
Wed May 22, 2013 4:17pm EDT May 22 (Reuters) - DryShips Inc, a drybulk shipper and offshore contract driller, posted a sixth straight quarterly loss due to weak charter rates. Net loss widened to $116.6 million, or 30 cents per share, in the first quarter, from $47.5 million, or 12 cents per share, a year earlier. Excluding the sale of four drybulk vessels, the company reported a loss of 10 ...
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U.S.-based municipal bond funds gained $602 mln in latest week -ICI
By Sam Forgione NEW YORK, May 22 (Reuters) - Investors in mutual funds based in the United States committed $602 million to municipal bond funds in the latest week, the most since mid-February, according to data released by the Investment Company Institute on Wednesday. The inflows to municipal bond funds in the week ended May 15 reversed outflows of $263 million in the prior week, said ICI, a ...
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CORRECTED-TREASURIES-Yields jump as Bernanke remarks unnerve investors
Wed May 22, 2013 4:13pm EDT (Corrects Bernanke's comments in the third paragraph to say tapering is possible in the next few FOMC meetings, not probably by September) * Benchmark yields jump above 2 percent on Bernanke's QE comments * Fed buys $1.25 bln in long-dated Treasuries * Jobless claims data on Thursday in focus By Karen Brettell NEW YORK, May 22 (Reuters) - U.S. Treasury yields ...
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The Wall Street cicada index
Super Bowl to predict stock market returns, why not a plague of locusts? There are already goldbugs, so why not bug bugs? Standard & Poor's market-data guru Howard Silverblatt agrees. When MarketWatch called to sound him out this morning, it turned out he'd already thought to check out the cicada market theory and had been pleasantly surprised by the results. Of course, that ...
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