Latest US Markets News
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GLOBAL MARKETS-Nikkei rallies others subdued as Fed looms
Tue Jun 18, 2013 9:02pm EDT * All eyes on Fed Chairman Ben Bernanke after FOMC meeting * Markets hoping for clarity on any pullback in Fed stimulus * Nikkei higher; Asian stocks and major currencies mark time By Ian Chua SYDNEY, June 19 (Reuters) - Japanese stocks started trade on Wednesday with a spring in their step thanks to a positive lead from Wall Street and a softer yen, but the rest of ...
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UPDATE 2-Adobe expects Q3 Creative Cloud subscriber adds to exceed Q2
Tue Jun 18, 2013 9:00pm EDT * Expects third-quarter revenue $975 mln-$1.03 bln vs est $1.01 bln * Forecasts adjusted earnings $0.29-0.35/share vs est $0.35 * Shares rise 4.4 pct after market By Sruthi Ramakrishnan June 18 (Reuters) - Adobe Systems Inc, known for its Photoshop and Acrobat software, reported a higher-than-expected adjusted second-quarter profit and said demand rose for Creative ...
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Mexicos Pemex names bidders for Chicontepec oil auction
MEXICO CITY, June 18 | Tue Jun 18, 2013 8:40pm EDT MEXICO CITY, June 18 (Reuters) - Spanish oil company Repsol and China's Sinopec are among the 16 energy firms and consortia that have qualified for next month's auction of six blocks in Mexico's Chicontepec basin, state-run oil monopoly Pemex said on Tuesday. The Chicontepec basin, discovered more than 80 years ago, is ...
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UPDATE 2-United Dreamliner diverted due to possible oil filter problem
Tue Jun 18, 2013 9:28pm EDT SEATTLE, June 18 (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter in an engine, but the plane landed without incident. The unscheduled diversion is the latest hiccup for Boeing's newest plane, which has been beset by problems and only ...
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Ex-Lockheed official joins board of Norwegian titanium firm
LMT.N ) incoming CEO after having an affair with a subordinate, said he has joined the board of directors of a Norwegian titanium producer that works closely with Spirit AeroSystems Inc ...
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Tinkler gives up half of Whitehaven stake to lender
The U.S. fund, Farallon Capital Management picked up a 9.9 percent stake from Tinkler and entities associated with him, taking its holding in Whitehaven to 16.6 percent, it said in a shareholding notice to the Australian stock ...
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Stocks post solid gains Tuesday
U.S. markets churned higher Tuesday after the Commerce Department said price inflation remained muted in May. The report by itself had negligible effect. But every report of late has been held up to the light to see how it might affect the U.S. Federal Reserve's monetary policy announcement expected Wednesday. Low inflation means the economy is not overheating. In turn, some investors ...
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FOREX-Euro in demand as Fed faces crunch time
Tue Jun 18, 2013 8:21pm EDT * USD shade firmer on yen, but near four-month lows on euro * Euro and Swissy in demand vs emerging market currencies and A$ * Tensions running high before Fed statement, Bernanke conference * Investors aching for clarity over Fed's next step, might not get it By Wayne Cole SYDNEY, June 18 (Reuters) - All the major currencies marked time in Asia on Wednesday as ...
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Algeria probes state power boss over Alstom GE deals
June 19 | Tue Jun 18, 2013 8:18pm EDT June 19 (Reuters) - Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm ...
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Super fast traders seeking potential merger -WSJ
June 18 | Tue Jun 18, 2013 8:18pm EDT June 18 (Reuters) - Trading firms RGM Advisors LLC and Allston Trading LLC are in early merger discussions to combine their automated trading on stock and futures markets, the Wall Street Journal said on Tuesday, quoting people familiar with the matter. The two private high-frequency trading firms are major customers of the New York Stock Exchange ...
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RPT-Japan May exports rise 10.1 pct yearyear - MOF
TOKYO, June 19 (Reuters) - Japanese exports rose 10.1 percent in May from a year earlier, up for a third straight month, Ministry of Finance data showed on Wednesday, in a sign that a weaker yen and a moderate pickup in global demand are supporting a recovery in shipments. The rise in exports was stronger than a median forecast for a 6.5 percent increase in a Reuters poll of economists, and ...
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Call for overhaul of drug industry business model
By Ben HirschlerLONDON (Reuters) - Pharmaceutical companies need to boost the benefits of drug research by working with regulators and healthcare providers to overhaul the way medicines are approved and paid for, a think-tank backed by investors says.After years of disappointing research and development (R&D) productivity, a new report backed by leading institutional investors sees ...
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UK food producers grocers sign up to healthy label scheme
LONDON (Reuters) - Britain's major food manufacturers and retailers have agreed to follow the same system of nutritional labelling as part of a government initiative to tackle obesity and poor diet and ease the financial burden on health services.The UK's Department of Health said on Wednesday labels would combine both traffic light colour-coding and nutritional information on how much ...
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UPDATE 3-NSA head lawmakers defend U.S. surveillance programs
Tue Jun 18, 2013 7:51pm EDT * Alexander says disclosures harmed national security * Officials make public details of two more thwarted attacks * No groundswell for big legislative changes of system * NSA considers two-person control of sensitive data By Patricia Zengerle and Tabassum Zakaria WASHINGTON, June 18 (Reuters) - The head of the National Security Agency said U.S. surveillance programs ...
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Seoul shares may rise Samsung Elec builders seen climbing
SEOUL, June 19 (Reuters) - Seoul shares may open higher on Wednesday after Wall Street shares extended gains for a second straight session on the view that the U.S. Federal Reserve will try to assuage market fears about an expected winding down of monetary stimulus. "An improving earnings outlook for the second quarter and a slowing down in capital outflow from emerging markets will help ...
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Aust bonds weaken ahead of US Fed meeting
Australian bond futures contract prices are weaker as healthy US economic data convinces investors the US Federal Reserve will dilute its quantitative easing program. ANZ head of interest rate research Tony Morriss said 10-year bonds had weakened, ahead of the US central bank's Federal Open Market Committee meeting, while three-year bonds held their ground as investors anticipate another ...
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TABLE-Foreign brokers set to buy Japanese stocks
TOKYO, June 19 (Reuters) - Following are orders for Japanese stocks placed through six foreign securities houses before the start of trade on Wednesday. Japanese Stocks: BUY 19.3 million ...
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Vodafone raises Kabel Deutschland offer after rival bid -report
June 18 | Tue Jun 18, 2013 7:21pm EDT June 18 (Reuters) - Britain's Vodafone Group Plc has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid. Bloomberg reported that Vodafone told Kabel Deutschland ...
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U.S. lawmakers urge careful review of American-US Airways deal
WASHINGTON, June 18 | Tue Jun 18, 2013 7:21pm EDT WASHINGTON, June 18 (Reuters) - Two U.S. lawmakers with antitrust oversight have urged the Obama administration to carefully review a planned merger of American Airlines and US Airways Group to ensure that it will not lead to higher prices for air travelers. US Airways announced on Feb. 14 that it planned to buy American Airlines ...
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Australia shares seen bouncing on strong Wall St weaker A$
SYDNEY, June 19 (Reuters) - Australian shares are expected to rebound on Wednesday, after Wall Street rose for a second straight day as investors bet the Federal Reserve will maintain its stimulus support for the world's biggest economy. A weaker Australian dollar may also benefit stocks with overseas exposure. * Local share price index futures rose 0.7 percent to 4,855.0, a 40.6-point ...
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UKs Osborne to unveil future of state-controlled banks
Tue Jun 18, 2013 7:05pm EDT * UK's Osborne to detail plans for Lloyds and RBS * Bank of England's King to give final speech as governor * Mansion House speech follows parliament bank criticism By David Milliken and Matt Scuffham LONDON, June 19 (Reuters) - The fate of Britain's two state-controlled banks will become clearer on Wednesday, when finance minister George Osborne is likely ...
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Steelmaker AHMSA eyes shale gas opening in Mexico
By Allison Martell and David Alire Garcia NEW YORK/MEXICO CITY, June 18 | Tue Jun 18, 2013 6:59pm EDT NEW YORK/MEXICO CITY, June 18 (Reuters) - Mexico's top steelmaker is hoping to tap the country's ample shale gas reserves if an energy sector overhaul expected this year provides an opening, a senior executive with the company, Altos Hornos de Mexico (AHMSA), said on ...
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UPDATE 1-United Technologies told to pay $473 mln to U.S. in lawsuit
Tue Jun 18, 2013 6:55pm EDT By Nate Raymond June 18 (Reuters) - A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s. The ruling by U.S. District Judge Thomas Rose in Dayton, Ohio, was issued on Monday for a 1999 lawsuit in which the Department of Justice sought reimbursement for ...
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Microsoft says it freed millions of computers from criminal botnet
Reuters © People visit the Microsoft booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013. REUTERS/Pichi ...
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Mississippi leans on Google to crack down on illegal products
Reuters © An employee rides her bike past a logo next to the main entrance of the Google building in Zurich July 9, 2009. REUTERS/Christian ...
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