Latest US Markets News
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CANADA FX DEBT-C$ weaker as focus turns to Bernanke testimony
* C$ at C$1.0293 versus US$ or 97.15 U.S. cents * Fed chairman Bernanke to speak on Wednesday * Bond prices mixed By Solarina Ho TORONTO, May 21 (Reuters) - The Canadian dollar was weaker against the U.S. dollar on Tuesday following a holiday in Canada and as its counterpart rallied ahead of testimony by U.S. Federal Reserve Chairman Ben Bernanke on Wednesday. It was little changed from ...
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European shares erase losses after Wall St open
LONDON | Tue May 21, 2013 10:05am EDT LONDON May 21 (Reuters) - European shares reversed earlier losses to trade flat on Tuesday, taking heart from solid opening gains on Wall Street. The FTSEurofirst 300 was flat at 1,251.59 points at 1400 GMT , recovering from a session low of 1,243.96 after U.S. stock markets shrugged off concerns about a possible end to the Federal Reserve's ...
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Ontario NDP to back Liberal budget avoiding election
TORONTO | Tue May 21, 2013 10:03am EDT TORONTO May 21 (Reuters) - Ontario New Democratic Party leader Andrea Horwath said on Tuesday she will support Premier Kathleen Wynne's budget, ensuring the minority Liberal government will survive the budget vote and avoiding an election for now. Wynne's Liberals hold 51 seats in the 107-seat Ontario legislature, meaning they need the ...
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BRIEF-JPMorgan Chase shares hit highest level since February 2001
NEW YORK | Tue May 21, 2013 10:01am EDT NEW YORK May 21 (Reuters) - JPMorgan Chase & Co : * Shares hit highest level since February 2001, now up 1.9 ...
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Activist investor wants Alere to explore $2.5 bln unit sale -sources
NEW YORK | Tue May 21, 2013 9:59am EDT NEW YORK May 21 (Reuters) - An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much as $2.5 billion and help Alere pay down debt, two people familiar with the matter said on Tuesday. Alere, which has a $2.1 billion market value but has ...
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Currencies Dollar higher as traders await Fed speakers
NEW YORK (MarketWatch) -- The U.S. dollar gained ground versus most major rivals Tuesday, with investors awaiting remarks from a pair of Federal Reserve policy makers a day ahead of congressional testimony by Fed Chairman Ben ...
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Market Snapshot U.S. stocks rise with Fed speakers on tap
NEW YORK (MarketWatch) -- U.S. stocks rose on Tuesday, with investors expected to scrutinize speeches by two Federal Reserve officials for any clues as to when the central bank may begin to scale back its $85-billion-a-month asset-purchase ...
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Movers Shakers Tuesday’s movers Medtronic Carnival
NEW YORK (MarketWatch) -- Shares of J.P. Morgan, Yahoo and Apple attracted investor attention in premarket trade on Tuesday. Shares of Medtronic Inc. rose while Carnival Corp. shares ...
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African Development Bank to host Innovative Financing Seminar on Infrastructure and Diaspora bonds
AfDB's annual meetings in Morocco on May 29, 2013. One of the main objectives of the seminar to be at held at the Palmeraie Golf Palace in Marrakech, themed "Financing African Structural Change - Infrastructure and Diaspora Bonds" is to raise awareness of all stakeholders in the role that infrastructure and diaspora bonds can play in catalyzing financing to address the existing ...
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UPDATE 5-Oil falls on concern about Federal Reserve direction
Tue May 21, 2013 9:45am EDT * Fresh conflict in Syria supports prices * Weak demand outlook, well supplied market weigh * Brent-WTI spread heading for lowest close in over two years * Coming Up: API weekly crude stock report at 2030 GMT (Updates prices, adds Syria-Israel clash in paragraph 10) By Simon Falush LONDON, May 21 (Reuters) - Brent oil futures fell towards $104 per barrel on Tuesday ...
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Regeneron Sanofi asthma drug seen as potential game changer
(Reuters) - A new type of asthma drug meant to attack the underlying causes of the respiratory disease slashed episodes by 87 percent in a mid-stage trial, making it a potential game changer for patients with moderate to severe disease, researchers said on ...
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Update-Moodys assigns B2 to Cinemark USA bonds
Tue May 21, 2013 9:16am EDT Cinemark USA, Inc. ...
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US STOCKS-Wall St to drift near record high eyes on Fed
Tue May 21, 2013 9:12am EDT * Home Depot raises outlook, shares jump * Goldman Sachs sees S&P 500 at 1,750 by year-end * JPMorgan shareholders to decide on Dimon's chairmanship * Futures up: Dow 21 pts, S&P 1.7 pts, Nasdaq 0.75 pt By Rodrigo Campos NEW YORK, May 21 (Reuters) - U.S. stocks were set to open little changed on Tuesday after the S&P 500 hit yet another intraday record in the ...
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Mayor Parker shows off Houston to Wall Street Journal
Houston Mayor Annise Parker recently got the chance to show The Wall Street Journal why the Petro Metro has been named the coolest place to live in the U.S. and a boomtown. Houston Mayor Annise Parker recently got the chance to show The Wall Street Journal why the Petro Metro has been named the coolest place to live in the U.S. and a boomtown. As part of The Weekend Interview piece, Parker took ...
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T.J. Maxx parent TJXs profit forecast may miss Street estimate
Tue May 21, 2013 9:03am EDT May 21 (Reuters) - TJX Cos Inc, owner of the low-price T.J. Maxx and Marshalls chains, reported a higher first-quarter profit, and forecast more sales growth in the current quarter. But the retailer, whose chains sells fashion and home goods at big discounts to department store prices, gave a profit forecast for the current quarter that could miss Wall Street ...
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BRIEF-JPMorgan Chase shares add to premarket gains up 1.1 percent
NEW YORK | Tue May 21, 2013 9:02am EDT NEW YORK May 21 (Reuters) - JPMorgan Chase & Co : * Shares add to premarket gains, up 1.1 ...
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Essar signs $1 bln financing deal with China
MUMBAI | Tue May 21, 2013 9:01am EDT MUMBAI May 21 (Reuters) - Essar Energy Plc on Tuesday signed a $1 billion financial cooperation agreement with the China Development Bank and PetroChina International Co. Ltd. , according to a document seen by Reuters. Detail of the deal - signed in Mumbai during a visit by the Chinese premier - were not immediately known. Sources on Monday told ...
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CANADA STOCKS-TSX may open higher in catch up after long weekend
Tue May 21, 2013 8:56am EDT May 21 (Reuters) - Canada's main stock index looked set to open slightly higher, catching up with gains in global equity markets following a Canadian long weekend, as investors cautiously awaited the release on Wednesday of minutes from the latest U.S. Federal Reserve meeting. TOP STORIES * British inflation fell twice as fast as expected last month, giving ...
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Sweden probes former Saab executives in tax investigation
STOCKHOLM | Tue May 21, 2013 8:55am EDT STOCKHOLM May 21 (Reuters) - Swedish prosecutors have detained the former chief executive of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday. In documents released by Vanersborg court in western Sweden, home to the former car maker, the ...
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Bulgarias ex-PM Borisov says he is convinced rivals can form government
Tue May 21, 2013 8:51am EDT * Centre-right GERB certain Socialists can form government * Bulgaria locked in a political stalemate * Unemployment close to eight-year high By Tsvetelia Tsolova SOFIA, May 21 (Reuters) - The head of Bulgaria's largest party said on Tuesday he was convinced his rivals would be able to form a government, indicating a political stalemate that could undermine the ...
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Iranians face new Internet curbs before presidential election
By Yeganeh TorbatiDUBAI (Reuters) - Iranians are struggling with slower Internet speeds and limited access ahead of an unpredictable presidential election that has put hardline Islamist authorities on alert for possible unrest.Experts and web users say they believe the Internet obstacles are related to the June 14 presidential vote, the first since 2009 polls in which accusations of fraud - ...
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BRIEF-SoundBite Communications jumps 65.6 percent premarket
NEW YORK | Tue May 21, 2013 8:50am EDT NEW YORK May 21 (Reuters) - SoundBite Communications Inc : * Jumps 65.6 percent to $4.95 in premarket; to be acquired by Genesys for $5 per ...
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FOREX-Dollar resumes rally Feds Bernanke key to more gains
Tue May 21, 2013 8:46am EDT * Japanese economy minister hopes for "balanced" yen * Bernanke's Congressional testimony on Wednesday, BOJ meeting in focus NEW YORK May 21 (Reuters) - The dollar continued its advance against the yen on Tuesday after a Japanese minister watered down previous remarks suggesting the yen had weakened enough, but gains were capped before Wednesday's ...
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BRIEF-Goldman Sachs sees SP 500 at 1750 by year-end 2013
Tue May 21, 2013 8:45am EDT May 21 (Reuters) - *Goldman Sachs sees S&P 500 at 1,750 by year end 2013 *Goldman Sachs sees S&P 500 at 1,900 by 2014; 2,100 by 2015 *Goldman Sachs forecasts dividends will rise by 30 pct in next two years, dividend yields likely to stay around 2 pct *Goldman Sachs forecasts US economy to achieve above-trend real GDP growth in ...
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BRIEF-Yingli Green Energy jumps 23.2 percent premarket
NEW YORK | Tue May 21, 2013 8:45am EDT NEW YORK May 21 (Reuters) - Yingli Green Energy Holding Co Ltd : * Jumps 23.2 percent to $3.82 in premarket after preliminary Q1 ...
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