Latest US Markets News
RSS-
Bernanke says more positive signs needed before scaling back stimulus
WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
-
Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm
Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
-
Stock Futures Pointing To Sharply Lower Open On Wall Street - U.S. Commentary
After moving notably lower over the course of the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for ...
More US Markets News
RSS-
Stocks Come Under Pressure Amid Worries About Fed - U.S. Commentary
After moving mostly higher over the course of morning trading on Wednesday, stocks have shown a notable move back to the downside in the afternoon. The major averages have pulled back well off their highs for the session and into negative territory.The major averages have moved roughly sideways in recent trading, lingering near their new lows for the session. The Dow is down 42.62 points or 0.3 ...
-
Italy aims to cut labour taxes in first 100 days - Saccomanni
ROME (Reuters) - Italy's government plans to cut labour taxes within a few months, funding the measure by reducing public spending, Economy Minister Fabrizio Saccomanni said on Thursday. "The government plans to in the first 100 days to start cutting taxes on houses and jobs, funding it with spending cuts and measures to fight tax evasion," Saccomanni said at a news conference in ...
-
Why Japans stock plunge unnerved Wall Street
NEW YORK -- It took Japan's biggest one-day stock plunge since the tsunami in March 2011 to remind investors around the globe that even a white-hot stock market can cool in a hurry when information changes and investors get spooked enough to question their investment thesis. In a span of 24 hours, the perception of stocks as the only investment worth owning in a world of rock-bottom ...
-
U.S. auditor watchdog finds fault with Ernst Young
By Nanette Byrnes May 23 (Reuters) - The U.S. regulator of corporate auditors said on Thursday that the U.S. arm of global accounting firm Ernst & Young failed to fix quality control problems found in earlier reviews. The report from the Public Company Accounting Oversight Board (PCAOB) is a blow for the firm, which markets itself as a global leader in audit quality. It followed the PCAOB's ...
-
FOREX-Yen rallies sharply against dollar euro after China data
Thu May 23, 2013 11:48am EDT * Yen rises versus dollar, euro as Nikkei tumbles * Worries that Fed may taper QE, weak China PMI hit stocks * Euro helped somewhat by PMI data, still vulnerable * Aussie hit hard by weak China data, falling commodity prices NEW YORK, May 23 (Reuters) - The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked ...
-
Hit by recession Mediterranean refiners battle oil shortage
Thu May 23, 2013 11:48am EDT * Structural shortage as sour crude is scarce, light oil - plentiful * Supplies of traditional sour barrels in Med halved in past 5 years * Eni buys Urals in long-term tender in Baltic By Dmitry Zhdannikov LONDON, May 23 (Reuters) - Sanctions against Iranian oil, Iraqi flow outages and a change in Russian export routes have left Europe's recession-hit ...
-
Odyssey Marine rings NASDAQ opening bell
What do the SS Gairsoppa and the NASDAQ have in common? Odyssey Marine Exploration Inc. (NASDAQ: OMEX) has opened them both. The Tampa-based deep-ocean exploration company rang the opening bell at the NASDAQ MarketSite this morning to promote an exhibition opening on Friday at Discovery Times Square. The exhibit, SHIPWRECK! Pirates and Treasure explores years of research by Odyssey and features ...
-
Former Chrysler Fisker CEO launches venture fund with Penske
By Deepa Seetharaman DETROIT | Thu May 23, 2013 11:46am EDT DETROIT May 23 (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has "strong ...
-
Brazil oil prospect Libra has up to 42 bln barrels of oil -ANP
RIO DE JANEIRO | Thu May 23, 2013 11:40am EDT RIO DE JANEIRO May 23 (Reuters) - Brazil's Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Magda Chambriard, director of the ANP oil agency said on Thursday. "This is really different; it's very big," she said of a column ...
-
Belgian grocer Delhaize looks to sell two U.S. units -sources
By Olivia Oran NEW YORK | Thu May 23, 2013 11:39am EDT NEW YORK May 23 (Reuters) - Belgian grocer Delhaize is looking to sell two of its U.S. businesses as it continues to cut costs in the region, according to two sources familiar with the matter. The Food Lion parent has hired Lazard Ltd to sell its Harveys and Sweetbay supermarket businesses, the sources said. Chief Executive ...
-
REFILE-UPDATE 1-Forest Labs longtime CEO Solomon to step down at year-end
Thu May 23, 2013 11:39am EDT May 23 (Reuters) - Forest Laboratories Inc said Howard Solomon, its chief executive of more than 35 years, will retire at the end of this year, capping a tenure that saw the company morph from a small generic and vitamins maker to a $10 billion corporation. Solomon will continue in the chairman role until the annual shareholder meeting in 2014, the company ...
-
GLOBAL MARKETS-Stocks fall on China growth woes Fed concerns
Thu May 23, 2013 11:37am EDT * Weak Chinese factory, euro zone sentiment data hit global stock markets * Bernanke's comments on reducing bond-buying weigh on markets * Nikkei drops 7 pct, Wall Street down for second day * Yen gains more than 2 pct vs dollar and euro By Ryan Vlastelica NEW YORK, May 23 (Reuters) - Stock markets worldwide fell sharply on Thursday as surprisingly weak data from ...
-
Worries over end to monetary stimulus hit Europe shares
LONDON | Thu May 23, 2013 11:34am EDT LONDON May 23 (Reuters) - A benchmark European equity index had its worst one-day fall in nearly a year on Thursday, hit by worries over a possible end to U.S. economic stimulus measures, with mining and auto stocks among the worst performers. The pan-European FTSEurofirst 300 index provisionally closed down 2 percent at 1,231.13 points, marking ...
-
WRAPUP 3-U.S. jobless claims data suggests labor market strength
* Weekly jobless claims fall 23,000 * Four-week average of claims slip 500 * May factory activity growth at seven-month low * New home sales rise in April, median price at record high By Lucia Mutikani WASHINGTON, May 23 (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite ...
-
UPDATE 2-New JJ anti-depressant related to Special K party drug
Thu May 23, 2013 11:26am EDT By Ransdell Pierson NEW BRUNSWICK, N.J. May 23 (Reuters) - Johnson & Johnson said it plans to seek approvals for 11 new drugs by 2017, including a new type of treatment for patients with depression that have failed to benefit from standard medications. The intranasal drug, called esketamine, is closely related to a pediatric anesthetic called ketamine that has been ...
-
CBOE to expand VIX trading hours later this year
CHICAGO | Thu May 23, 2013 11:26am EDT CHICAGO May 23 (Reuters) - CBOE Holdings Inc will expand trading hours for futures on the CBOE Volatility Index later this year, after a technical glitch delayed the change, the company's incoming chief executive said on Thursday. "We are committed to completing that very important project later this year," incoming CEO Ed Tilly told ...
-
CANADA STOCKS-Stimulus rollback fears TD trigger TSX slump
* TSX down 102.12 points, or 0.80 percent, at 12,650.38 * Energy producers off 1.3 percent * TD falls 1 percent after results By John Tilak TORONTO, May 23 (Reuters) - Canada's main stock index stumbled on Thursday, with every major sector in the red on concerns about a quicker-than-expected end to the U.S. Federal Reserve's stimulus program and sluggish economic data from China and ...
-
UPDATE 1-EU trade chief to seek investment pact with China
Thu May 23, 2013 11:23am EDT * Agreement would protect EU investors in China * Could eventually pave the way for a free-trade deal By Robin Emmott and Ethan Bilby BRUSSELS, May 23 (Reuters) - The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing ...
-
TREASURIES-U.S. bond prices turn negative as stocks pare losses
NEW YORK | Thu May 23, 2013 11:23am EDT NEW YORK May 23 (Reuters) - U.S. government debt prices turned negative on Thursday, as Wall Street stocks pared their earlier losses, reducing the earlier safehaven bids for bonds. Benchmark 10-year Treasury notes were 2/32 lower in price at 97-11/32, yielding 2.044 percent, up 0.9 basis point from late on Wednesday. The 10-year yield hit a ...
-
UPDATE 2-Marathon Oil says no deal reached for sale of oil sands stake
Thu May 23, 2013 11:22am EDT May 23 (Reuters) - Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada ended without a deal. An agreement with the prospective purchaser was not reached and the company is not engaged in any other discussions to sell the assets, Marathon said. Marathon and a number of other ...
-
UPDATE 1-Magellan mulls products pipeline in Arkansas
HOUSTON | Thu May 23, 2013 11:22am EDT HOUSTON May 23 (Reuters) - Magellan Midstream Partners LP may build a pipeline extension connecting its network to its terminals in central Arkansas, where the imminent shutdown of a separate distillate pipeline has raised serious concerns about supply in the state. Magellan said on Thursday that the company was "exploring the ...
-
UPDATE 2-TD Bank profit rises despite sluggish housing growth
Thu May 23, 2013 11:21am EDT * Earned C$1.90 a share, vs analysts' forecast of C$1.91 * Trading revenue, U.S. income higher; shares drop 0.9 pct * To buy back up to 1.3 percent of shares * CFO says bank can be more active in capital deployment By Cameron French TORONTO, May 23 (Reuters) - Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings as higher trading, business ...
News from around our Network
