Latest US Markets News
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Disney-owned ESPN cutting hundreds of jobs source
(Reuters) - ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts ...
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White House threatens veto of bill to bypass Obama on Keystone
By Ros Krasny WASHINGTON | Tue May 21, 2013 5:57pm EDT WASHINGTON May 21 (Reuters) - The White House has threatened to veto legislation pending in the U.S House of Representatives that could strip from President Barack Obama the authority to approve the controversial Keystone XL pipeline. The Republican-controlled House is expected on Wednesday to vote on, and almost certainly approve, ...
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Nasdaq Composite rises 6 pts to 3502
NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ...
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Miami-Dade lawmakers approve $1.6 billion sewer-lawsuit deal
(Reuters) - Florida's Miami-Dade County on Tuesday promised to spend $1.6 billion on fixes for its dilapidated, accident-prone sewer system in a deal meant to settle a lawsuit with federal and state environmental ...
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Fitch Affirms Wisconsins Petroleum Fee Bonds and Notes at AA EMCP at F1+
U.S. Money Funds Return to Eurozone Banks U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April, although asset allocations to these institutions remain well below 2011 levels, according to Fitch Ratings. As of end-April 2013, MMF allocations to eurozone banks represented 15.1% of assets under management within Fitch Ratings'sample of the 10 largest U.S. ...
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Fitch Rates $1.2B California GO Bonds AAApre Negative Outlook
U.S. Money Funds Return to Eurozone Banks U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April, although asset allocations to these institutions remain well below 2011 levels, according to Fitch Ratings. As of end-April 2013, MMF allocations to eurozone banks represented 15.1% of assets under management within Fitch Ratings'sample of the 10 largest U.S. ...
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UPDATE 1-Massachusetts to sell $1.1 bln new and refunding GOs
Tue May 21, 2013 5:44pm EDT May 21 (Reuters) - Massachusetts will sell $1.1 billion of new and refunding general obligation bonds on June 4, according to the state's website. On Tuesday, Moody's Investors Service assigned an Aa1 rating and stable outlook to the bonds, while Fitch Ratings assigned an AA-plus rating and stable outlook. The credit rating agencies noted that the state has ...
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RPT-UPDATE 2-KKR selling remaining stake in Seven West Media
Tue May 21, 2013 5:38pm EDT * KKR puts 12% stake up for sale via Deutsche Bank, Goldman * Exit comes towards end of typical investment period By Stephen Aldred and Rob Taylor HONG KONG/SYDNEY, May 21 (Reuters) - U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) is selling a remaining stake in Australia's Seven West Media Ltd valued at A$265 million ($260 million), exiting an ...
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EMERGING MARKETS-Mexico stocks near 8-month low as Brazil leaps
MEXICO CITY, May 21 (Reuters) - Mexican stocks slumped on Tuesday to a nearly eight-month low, while Brazilian stocks rose for the third successive session to hit a key resistance level. Mexican stocks have slumped 12 percent from a record high hit in January, hurt recently after weak first-quarter growth dampened the economic outlook for 2013. Brazil, meanwhile, has rebounded more than 6 ...
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CANADA STOCKS-TSX glides near 2-month high as major sectors rally
* TSX rises 129.38 points, or 1.03 percent, to 12,742.43 * Eight of the 10 main sectors advance * Gold shares rise 3.3 percent * RBC up 2.7 percent, ranks among market's most influential names By John Tilak TORONTO, May 21 (Reuters) - Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism ...
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US stocks rise ahead of Bernanke testimony
US stocks have closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average finished up 52.30 (0.34 per cent) at 15,387.58 on Tuesday. The broad-based S&P 500 added 2.87 (0.17 per cent) at 1,669.16, while the tech-rich Nasdaq Composite Index increased ...
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Citing fatigue director Ang Lee leaves pilot of TV series Tyrant
LOS ANGELES | Tue May 21, 2013 5:28pm EDT LOS ANGELES May 21 (Reuters) - Oscar winner Ang Lee canceled his plans to direct the pilot of new U.S. television series "Tyrant," saying on Tuesday that he needed to rest after spending four years working on 3D fantasy-adventure film "Life of Pi." Lee, 58, signed on to direct the pilot of the drama series for cable network FX ...
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CANADA FX DEBT-C$ softer as focus turns to Bernanke testimony
* C$ at C$1.0268 versus US$ or 97.39 U.S. cents * U.S. dips after comments by Fed officials on Tuesday * Fed chairman Bernanke to speak on Wednesday * Bond prices higher across the curve By Solarina Ho TORONTO, May 21 (Reuters) - The Canadian dollar softened against its U.S. counterpart on Tuesday but was off its session low after comments by U.S. Federal Reserve officials trimmed expectations ...
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U.S. CFTC watchdog faults Gensler for recusal from MF Global probe
By Sarah N. Lynch and Douwe Miedema WASHINGTON | Tue May 21, 2013 5:23pm EDT WASHINGTON May 21 (Reuters) - The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal watchdog said in a report released on Tuesday. The findings by the inspector general of the ...
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CORRECTED-UPDATE 1-NetApp boosts share buyback by $1.6 bln starts dividend
Tue May 21, 2013 5:08pm EDT (Corrects adjusted profit in paragraph 13 to 69 cents per share from 68 cents per share) * Says to repurchase $1 bln shares in 4 months * Starts quarterly dividend of $0.15/shr * Fourth-quarter profit $0.69/shr vs est $0.68 * Fourth-quarter revenue $1.72 bln vs est $1.76 bln * Shares up 4 pct in post-market trading May 21 (Reuters) - Data storage equipment maker ...
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After Hours Saks shares jump on report of possible sale
SAN FRANCISCO (MarketWatch) -- Saks Inc. shares jumped in heavy volume late Tuesday following a report that the upscale luxury retailer has hired advisers for a possible ...
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Earnings Watch Updates advisories and surprises
-1.51% said Tuesday afternoon that it plans to lay off about 900 of its workers in a cost-cutting move. The announcement was made, which saw earnings slip on a slight increase in revenues. NetApp shares were up 2.1% in after-hours trades on Tuesday following the report. The company also projected a revenue range of $1.48 billion to $1.58 billion for the current quarter, slightly below Wall ...
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Oaktree founders could reap up to $80 million each in stock sale
By Greg Roumeliotis NEW YORK | Tue May 21, 2013 4:46pm EDT NEW YORK May 21 (Reuters) - Oaktree Capital LLC, the world's largest distressed debt investor, said its two founders could each receive as much as $79.9 million in a secondary offering of its shares if the firm clears net proceeds of $367.6 million. In a regulatory filing late on Monday, Oaktree said its chairman Howard ...
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Wall Street watchdog to review broker bonus disclosure plan in July
WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on ...
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REUTERS SUMMIT-Buenaventura sees output up has hopes for Conga
LIMA | Tue May 21, 2013 4:40pm EDT LIMA May 21 (Reuters) - Peru's top precious metals miner Buenaventura sees slightly higher output in 2013 and said the stalled $4.8 billion Conga project it owns a stake in could advance after a community reservoir is built at the end of the year. Buenaventura's Chief Executive Roque Benavides said on Tuesday during the Reuters Latin America ...
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US STOCKS-Dow SP end at records on Fed officials reassurance
Tue May 21, 2013 4:38pm EDT * Fed's Dudley ties bond buying to impact of U.S. fiscal policy * Home Depot raises outlook, shares hit record intraday high * Goldman Sachs sees S&P 500 at 1,750 by year-end * Dow up 0.3 pct, S&P 500 up 0.2 pct, Nasdaq up 0.2 pct By Angela Moon NEW YORK, May 21 (Reuters) - U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as ...
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FOREX-Dollar dips vs euro before Bernanke testimony yen weakens
Tue May 21, 2013 4:35pm EDT * Bullard, Dudley dent expectations for tapering QE * Bernanke to testify before Congress on Wednesday * Euro climbs to four-month peak versus Swiss franc By Wanfeng Zhou NEW YORK, May 21 (Reuters) - The U.S. dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the U.S. central bank may taper its bond purchases ...
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Scotiabank says China reevaluating Guangzhou deal
By Cameron French TORONTO | Tue May 21, 2013 4:34pm EDT TORONTO (Reuters) - Bank of Nova Scotia (BNS.TO) Chief Executive Rick Waugh said on Tuesday that Chinese authorities are reevaluating whether they want to go ahead with a deal to sell 20 percent of Bank of Guangzhou to the Canadian bank. Scotiabank, Canada's No. 3 lender, announced the C$719 million ($698.09 million) purchase ...
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Alliance Pipeline says Fairmount N. Dakota gas compressor back
NEW YORK | Tue May 21, 2013 4:31pm EDT NEW YORK May 21 (Reuters) - Alliance Pipeline LP on Tuesday said mechanical issues at its Fairmount natural gas compression station in North Dakota had been resolved after the unit was shut for unplanned work on Monday. The company said in a website posting that system throughput had been raised after being reduced because of the work. The ...
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GLOBAL MARKETS-Shares end higher as eyes turn to Fed
* Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day ...
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