Friday's Top 100 Financial & Banking News & Stories
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FinanceBrief
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Worried about geopolitical fallout from Ukraine and the Middle East? Forget about it, investors say.
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Soon after Malaysia flight MH17 was shot out of the sky on Thursday, experts were quick to determine that the missile used likely came from a Russian-made Buk system, one of the few that could hit a plane flying at 33,000 feet. The weapo...
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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Stocks rose Friday, with the S&P 500 rebounding from its largest drop since April 10.
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European shares pared losses to close mixed on Friday with investors cautious after a passenger jetliner was shot down in eastern Ukraine.
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Read full story for latest details.
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LIVE VIDEO: President Obama addresses tragedy in Ukraine
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Questor editor John Ficenec recommends a balanced portfolio to mitigate risk from the increasing threat of global shocks.
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Hedge fund manager Daniel Loeb has just sent out Third Point LLC's Q2 investor letter and he's disclosed a new long equity position in a nutrition company. Third Point, which has more than $14 billion in assets under management, re...
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Swearing by chief executives peaked during the recession, research reveals
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Unemployment and changes in unemployment continue to vary across the country. The Bureau of Labor Statistics just released the June 2014 unemployment rates for each state . In every state except Alabama, unemployment rates have dropped s...
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Despite the sluggish housing market , homes at the high end of the spectrum are still being listed for record amounts. In Beverly Hills, there's a home selling for a whopping $135 million, and New York City has a $118.5 million pen...
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WASHINGTON (MarketWatch) -- Executives from the Barclays Capital division of Barclays and the Deutsche Bank Securities unit of Deutsche Bank will testify at a Senate Permanent Subcommittee on Investigations hearing about tax avoidance ne...
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* IPO raises $502.5 million (Adds details, background, updates shares)
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* TSX up 42.21 points, 0.28 percent, at 15,246.69 * Eight of the 10 main index sectors advance * CP Rail extends run after Thursday's earnings report By John Tilak TORONTO, July 18 (Reuters) -...
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UNITED NATIONS, July 18 (Reuters) - The United States said on Friday it could not rule out Russian help to separatists in Ukraine in firing an SA-11 surface-to-air missile that likely downed a...
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HAMBURG, July 18 (Reuters) - Trade in Europe's cash cocoa market remained restrained this week as industry hoped cocoa futures will continue their drift down from around three-year highs touched in...
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Unemployment rates dropped in 22 U.S. states last month and stayed the same in 14, as the nation at large posted a fifth straight month of solid hiring.
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(Adds that Mitsubishi not sure how many sedans will be affected)
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SAN FRANCISCO (MarketWatch) -- Sage Therapeutics Inc. , which started trading on Friday as a public company, soared more than 50% on its market debut. The biopharmaceutical company had priced 5 million shares at $18 a share, at the high ...
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* Norwegian crown jumps over half a percent (Adds euro fall, New York trading and quotes; changes byline and dateline; previous LONDON)
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* CEO says difficult to comment on any future impact on Russia business
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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* Ukraine says rebel missile shoots down Boeing 777 with 298 aboard
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* Transportation systems unit profit jumps 33 pct (Adds analyst comment; updates shares)
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Gold dipped on profit-taking after a sharp overnight jump, but the metal is being supported by a wave of risk aversion.
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The Dow Jones industrial average rose 38.66 points or 0.23 per cent, to 17,015.47, the S&P 500 gained 6.9 points or 0.35 per cent, to 1,965.02.
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NEW YORK, July 18 (Reuters) - Fund investors worldwide poured $6.2 billion into stock funds in the week ended July 16, marking the biggest inflows into the funds in four weeks, data from a Bank of...
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MOSCOW, July 18 (Reuters) - Ukrainian President Petro Poroshenko informed German Chancellor Angela Merkel and British Prime Minister David Cameron on Friday about the international team investigating...
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GENEVA, July 18 (Reuters) - Airlines rely on governments to tell them which routes are safe and do not compromise on safety, the head of the International Air Transport Association said on Friday...
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SAN FRANCISCO (MarketWatch) -- Shares of TerraForm Power Inc. roared out of the gate Friday, up 35% at $33.70 on the Nasdaq. The company, a spinoff of solar developer SunEdison Inc., priced its initial public offering late Thursday at $2...
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* Investors wary after Malaysian plane downed over Ukraine
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July 18 (Reuters) - General Electric Co's credit card unit, Synchrony Financial , said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest...
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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July 18 (Reuters) - Shares of TerraForm Power Inc, created by SunEdison Inc to own and operate its solar power plants, rose as much as 35 percent in their market debut, valuing the company at about...
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July 18 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.
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New business rules for Bitcoin licenses show that New York financial regulator Benjamin Lawsky is trying to help -- not kill -- this promising, independent currency.
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MOSCOW, July 18 (Reuters) - The leaders of Russia and Malaysia spoke by telephone on Friday stressing the need for an objective probe into the downing of a passenger jet, saying a stop to military...
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BUENOS AIRES, July 18 (Reuters) - Argentina's dollar-demoninated Par bond rose 3.6 percent on Friday on market rumours that "holdout" investors suing the Latin American country for full payment of...
Another Billion-Dollar US Company Just Moved Across The Pond (ABBV, SHPG, MYL, ABT, PFE, AZN, JAZZ, VRX, AGN, ENDP, MNK, PRGO)
There has been another tax inversion. Earlier this morning, AbbVie, which is based in Illinois, announced a deal to acquire Ireland-based Shire in a $53 billion deal that will allow the drugmaker to move its tax base to Jersey, an island...-
SAN FRANCISCO (MarketWatch) -- Shares of TubeMogul Inc. surged on their debut in the stock market Friday, jumping above the initial public offering price of $7 a share. The enterprise software company had offered 6.25 million shares and ...
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July 18 (Reuters) - Harris Williams & Co, a middle-market investment bank, said it promoted five senior professionals at the company's Richmond, Virginia office.
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* Indexes up: Dow 0.23 pct, S&P 0.35 pct, Nasdaq 0.61 pct (Updates to open; adds quote, data)
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AbbVie reaches $54.7 billion deal to buy Shire and allow it to shift its home to U.K. to avoid U.S. taxes.
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* Annual inflation rises to 2.4 pct in June, core at 1.8 pct
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MEXICO CITY, July 18 (Reuters) - Mexico's Cemex on Friday said it is raising its planned investment spending for 2014 to $670 milllion from the $645 million it had previously expected to spend....
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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Broader markets outperformed the benchmarks significantly as economic recovery hopes gained currency in the aftermath of the Modi budget and the Reserve bank of India (RBI) easing of infrastructure lending norms for banks
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MUMBAI, July 18 (Reuters) - U.S. private equity firm General Atlantic is in talks to buy a 2 to 5 percent stake each in India's Just Dial Ltd and Info Edge India Ltd , two sources with direct...
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Internal documents reveal that the crackdown is targeting banks, not merchants and processors, because it requires less investigation into the facts. That should anger all Americans who care about due process and the rule of law, writes ...
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The Competition and Markets Authority is concerned about the concentration of retail banking and potential barriers for new entrants into the market.
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Latest financial results and boardroom changes prompt big moves in the tech sector.
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Click to view a price quote on HBAN . Click to research the Banking industry.
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The U.S. strengthened sanctions against large Russian companies earlier this week partly in response to Putin sending the separatists the missiles that shot down the Malaysian airliner, writes Anders Aslund.
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Receiving Wide Coverage ... Return to Stability: Gains in wealth management and investment banking helped Morgan Stanley nearly double its profit in the second quarter. The papers played up how the bank has focused on stable businesses w...
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The recent hike in the FDI limit in the insurance sector will spur the growth of the industry in a big way, M. Radhakrishnan Nair, Member (Finance and Investment), IRDA has said. He point...
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UK bank shares are exposed to regulatory risk and an interest rate shock, says Questor
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Kotak Mahindra Bank’s foreign institutional investor limit was increased by 3 per cent to 40 per cent by the Reserve Bank of India on Friday. The total foreign investor limit is restricted at...
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Banks face a major competition investigation. Free banking is under threat and the big firms could be broken up. We look at the implications
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The sale of Synchrony is a crucial element of GE CEO Jeff Immelt’s strategy to lead the company away from its long reliance on financial profit.
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Northeast Indiana Bancorp Inc. on Thursday reported second-quarter earnings of $674,000, or 56 cents per diluted common share, a 1 percent bump over the $669,000, or $669,000, or 54 cents a share, posted for the same three months of 2013.
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Financial consultant Andrew Smithers, who was one of the few to warn about the bubble of the late 1990s, says U.S. stocks are now about 80% overvalued on certain key long-term measures.
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Commissioner Scott O’Malia of the US Commodity and Futures Trading Commission has called for continuing international co-operation on market surveillance and warned that current oversight mechanisms are flawed in terms of the data they c...
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The longest-term Treasury yields hit a 13-month low on a closing basis as investors continued to react to geopolitical conflict.
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Gevo (NASDAQ:GEVO) CEO Patrick R. Gruber sold 11,355 shares of Gevo stock on the open market in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $0.79, for a total value of $8,970.45. Following the tr...
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Research analysts at Noble Financial boosted their price target on shares of Syntel (NASDAQ:SYNT) from $107.00 to $112.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Noble FinancialR...
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Advanced Micro Devices (NYSE:AMD) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday. They currentl...
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Chase Corp. (NYSE:CCF) Director George M. Hughes sold 1,000 shares of the stock on the open market in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $34.56, for a total value of $34,560.00. ...
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Analysts at Buckingham Research assumed coverage on shares of The Wendy's Co (NYSE:WEN) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $11.00...
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Anadarko Petroleum (NYSE:APC) was downgraded by equities research analysts at Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday. They currently hav...
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Sandy Spring Bancorp (NASDAQ:SASR) was upgraded by equities research analysts at Bank of America from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm current...
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HPEV (NASDAQ:WARM) major shareholder Bear Ltd Spirit sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $0.72, for a total value of $36,000.00....
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Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was downgraded by analysts at Nomura to a “neutral” rating in a research report issued to clients and investors on Friday. Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) opened at ...
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United Continental Holdings (NYSE:UAL) COO Gregory L. Hart sold 1,040 shares of the stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $45.73, for a total transaction of $47,559.2...
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Stock analysts at Deutsche Bank upped their target price on shares of Google (NASDAQ:GOOG) to $645.00 in a report issued on Friday. Deutsche Bank’s price objective suggests a potential upside of 12.42% from the stock’s previo...
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Saba Software (NASDAQ:SABA) major shareholder Ardsley Advisory Partners sold 3,216 shares of the stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.50, for a total transacti...
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Wolverine World Wide (NYSE:WWW) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. Shares of Wol...
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Equities researchers at ISI Group reduced their target price on shares of Advanced Micro Devices (NYSE:AMD) from $4.50 to $4.00 in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has an “underper...
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The Clorox (NYSE:CLX) was downgraded by stock analysts at BTIG Research from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. CLX has been the subject of a number of ...
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A number of firms have modified their ratings and price targets on shares of Smith & Nephew plc (NYSE: SNN) recently: Smith & Nephew plc had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. Smith &...
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Cemex SAB de CV (NYSE:CX) posted its quarterly earnings results on Friday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.05, AR Network reports. The company had revenue of $...
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Kansas City Southern (NYSE:KSU) posted its quarterly earnings results on Friday. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.04, American Banking News.com reports. The com...
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Knoll (NYSE:KNL) issued its quarterly earnings data on Friday. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.04, StockRatingsNetwork reports. The company had revenue of $265...
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When Avengers: Age of Ultron hits theaters, Scarlett Johansson ‘s baby bump won’t be visible. The actress got pregnant just before filming began, which slightly complicated the production process. Director Joss Whedon says in...
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Looks like someone’s ready to move on!! Four months after her “conscious uncoupling” from Chris Martin, Gwyneth Paltrow seems to have been spotted on a hot date in New York this week… And the dude was reportedly a PYT (...
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Officials said, a fast-moving Washington state wildfire raging in the Cascade Mountains grew in size to threaten roughly 1,700 dwellings on Thursday near the Bavarian-style village of Leavenworth. According to the Chelan County Emergency...
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In what appears to be a mind-boggling coincidence, Malaysia is reeling from the second tragedy to hit its national airline in less than five months. On Thursday, the airline — and the nation — were pitched into another cris...
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The missile that the U.S. says brought down a Malaysia Airlines passenger jet over Ukraine would have been from a sophisticated surface-to-air missile system; the question that leaves is who fired on the plane. WSJ’s Roebrt Wall lo...
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Fed Chair Janet Yellen may have surprised the markets this week by noting that valuations in some parts of the U.S. stock market look stretched but mutual fund managers mostly greeted her comments with a shrug. Social media, small compan...
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Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac says that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. M...
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Allergan Inc, trying to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc, has stacked the odds against a special shareholders meeting. Pershing Square Capital Management, which is led by Bill Ackman, is atte...
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Lex on the tech giant’s slashing of its Nokia handset business “Microsoft cuts 18,000 jobs” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “...
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Ciena (NASDAQ:CIEN) VP David M. Rothenstein sold 1,500 shares of the stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $20.48, for a total value of $30,720.00. Following the com...
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O'Reilly Automotive (NASDAQ:ORLY) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. A number o...
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Plexus Corp. (NASDAQ:PLXS) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. PLXS has been the subject of a number of othe...
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Platinum Underwriters Holdings (NYSE:PTP) was downgraded by research analysts at Keefe, Bruyette & Woods to a “market perform” rating in a report released on Friday, TheFlyOnTheWall.com reports. Platinum Underwriters Hol...
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Research analysts at Citigroup Inc. initiated coverage on shares of Encore Capital Group (NASDAQ:ECPG) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock. Separately, ana...
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Advanced Micro Devices (NYSE:AMD) was downgraded by equities researchers at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com r...
