Breaking Stock Market and Financial News

Netflix allows subscribers to binge-watch shows offline

Reuters Us Markets - Wed, 11/30/2016 - 09:47
Nov 30 (Reuters) - Video streaming pioneer Netflix Inc said its subscribers would now be able to download popular shows such as "Orange is The New Black" and "Narcos" on their mobile devices at no...

Dow opens at record high as oil prices surge

Top Reuters News - Wed, 11/30/2016 - 09:46
(Reuters) - The Dow opened at a record high as oil prices surged after the world's largest oil producers agreed to curb oil output for the first time since 2008.

BRIEF-Wayfair reports 52 pct increase in direct retail sales for holiday shopping weekend

Reuters Us Markets - Wed, 11/30/2016 - 09:44
* Wayfair reports 52 pct increase in direct retail sales for holiday shopping weekend

CME Group to set monthly trading record, boosted by Trump, says CFO

Reuters Us Markets - Wed, 11/30/2016 - 09:42
CHICAGO, Nov 30 (Reuters) - CME Group Inc will set a monthly record for trading volumes in November, a top executive said on Wednesday, as U.S. President-elect Donald Trump's victory has fueled...

CANADA FX DEBT-C$ posts 3-week high as oil surges

Reuters Us Markets - Wed, 11/30/2016 - 09:41
* Canadian dollar at C$1.3405, or 74.60 U.S. cents * Loonie touches strongest since Nov. 9 at C$1.3357 * Bond prices lower across a steeper yield curve By Fergal Smith TORONTO, Nov...

BRIEF-Maya Gold And Silver enters into amendment to loan facility dated Sept 22, 2015

Reuters Us Markets - Wed, 11/30/2016 - 09:38
* Entered into amendment agreement to its loan facility dated September 22, 2015 as amended on March 11, 2016 Source text for Eikon: Further company coverage:

BRIEF-Jones Lang Lasalle signs global agreement with Leverton to automate lease management

Reuters Us Markets - Wed, 11/30/2016 - 09:36
* JLL signs global agreement with Leverton to automate lease management

CANADA STOCKS-TSX gains as energy stocks surge on OPEC deal

Reuters Us Markets - Wed, 11/30/2016 - 09:36
TORONTO, Nov 30 (Reuters) - Canada's main stock index rose in early trade on Wednesday as energy stocks surged with oil prices as some of the world's largest oil producers agreed to curb output for...

Rejecting J&J could leave Actelion with 'lot of explaining to do'

Top Reuters News - Wed, 11/30/2016 - 09:35
ZURICH/LONDON (Reuters) - Some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson, leaving Chief Executive Jean-Paul Clozel with some explaining to do if he turned down an offer around that level.

UPDATE 1-Pfizer's Herceptin biosimilar succeeds in key breast cancer study

Reuters Us Markets - Wed, 11/30/2016 - 09:33
Nov 30 (Reuters) - Pfizer Inc said on Wednesday its experimental biosimilar of Roche Holding AG's blockbuster breast cancer treatment Herceptin was found comparable with the branded version in a key...

Dow opens at record as jump in oil sends stocks higher

MarketWatch Market Pulse - Wed, 11/30/2016 - 09:33

The Dow Jones Industrial Average hit an intraday record after opening higher Wednesday, led by the energy sector as hopes rose that the world's major oil producers are near a deal on limiting output. A better-than-expected report on private-sector hiring boosted the main indexes. The benchmark S&P 500 and Dow were on track to post their largest monthly gains since March. The S&P 500 gained 5 points, or 0.2%, to 2,209. The Dow Jones Industrial Average added 62 points, or 0.3%, to 19,184, trading in record territory. The Nasdaq Composite was 7 points, or 0.1%, higher at 5,386.

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US STOCKS SNAPSHOT-Dow opens at record high as oil prices surge

Reuters Us Markets - Wed, 11/30/2016 - 09:33
Nov 30 (Reuters) - The Dow opened at a record high as oil prices surged after the world's largest oil producers agreed to curb oil output for the first time since 2008.

BRIEF-L-3 initiates redemption of its outstanding 1.50 pct senior notes

Reuters Us Markets - Wed, 11/30/2016 - 09:31
* L-3 initiates redemption of its outstanding 1.50pct senior notes due 2017

CSX's stock rallies after railroad operator lifts profit, volume outlook

MarketWatch Market Pulse - Wed, 11/30/2016 - 09:26

Shares of CSX Corp. climbed 1.3% in premarket trade Tuesday, after the railroad operator provided an upbeat fourth-quarter earnings and volume outlook. Chief Financial Officer Frank Lonegro said at a Credit Suisse industrial conference that he now expects earnings per share to be flat to up slightly, compared with guidance provided earlier this month of "flat to slightly down." And given that "macroeconomic headwinds impacting the company's volume are moderating," Lonegro now expects volume to be flat to up slightly, compared previous guidance of "roughly flat." He said many markets are showing more moderate declines than in previous quarters, with coal in particular is showing sequential volume stabilization and is essentially flat in the quarter to date. The stock has run up 34% year to date through Tuesday, while the Dow Jones Transporation Average has rallied 19% and the S&P 500 has gained 7.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Netflix will finally give viewers a download feature for films and series

MarketWatch Market Pulse - Wed, 11/30/2016 - 09:19

Netflix Inc. said Wednesday morning it is rolling out the ability to download TV series and films, a feature lauded on other platforms such as Amazon.com Inc.'s Prime Video. More and more consumers are watching video content on the go where cellular and wireless internet connections can be spotty, at best. The feature is available Wednesday for all plans and across all available devices, Director of Product Innovation Eddy Wu wrote in a blog post on the company's site. It's not clear exactly how many series and films are available for download. In the blog post Wu writes many of viewers favorite series are available, with more on the way. Shares of Netflix are up nearly 3% in the year to date, underperforming the S&P 500 Index , which is up almost 8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

U.S. private employers boost hiring; consumer spending rises

Top Reuters News - Wed, 11/30/2016 - 09:14
WASHINGTON (Reuters) - U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month.

Trump says he will leave business to focus on running country

Top Reuters News - Wed, 11/30/2016 - 09:12
NEW YORK/WASHINGTON (Reuters) - U.S. President-elect Donald Trump vowed on Wednesday to step back from running his business empire to avoid conflicts of interest, while turning to Wall Street for nominees for two key economic leadership posts who promised tax reform and a tougher approach to China.

Banks stocks rally as economic data, oil price spike helps boost interest rates

MarketWatch Market Pulse - Wed, 11/30/2016 - 08:59

Bank stocks rallied in premarket trade Wednesday, as upbeat jobs data and a surge in oil prices helped boost Treasury yields. The SPDR Financial Select Sector ETF rose 0.8% to $52.39 ahead of the open, just shy of Monday's 8 1/2-year closing high of $22.41. Among sector heavyweights, shares of Bank of America Corp. shot up 1.8% in active trade, of Citigroup Inc. surged 1.1%, of J.P. Morgan Chase & Co. gained 0.9%, of Goldman Sachs Group Inc. rose 1.4% and of Wells Fargo & Co. hiked up 0.9%. Payroll processor ADP said 216,000 net new jobs were added in November, above expectations of 160,000. Separately, crude oil futures soared 7.3%, after OPEC agreed to cut production for the first time in eight years. That helped push the yield on 10-year Treasury note up 0.059 percentage points to 2.361%. Higher long-term interest rates can boost bank profits, as they increase the spread between what banks earn by funding longer-term assets, such as loans, with shorter-term liabilities

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

American Eagle Outfitters shares sink on weak outlook

MarketWatch Market Pulse - Wed, 11/30/2016 - 08:13

American Eagle Outfitters Inc. shares sank 11% in Wednesday premarket trading after the apparel retailer reported third-quarter same-store sales below estimates and offered weak guidance. Net income totaled $75.8 million, or 41 cents per share, up from $74.1 million, or 38 cents per share, for the same period last year. The FactSet consensus was 41 cents per share. Revenue for the quarter was $941 million, up from $919 million last year and beating the $940 million FactSet consensus. Same-store sales increased 2%, falling short of the FactSet consensus for a 2.9% increase. American Eagle sees fourth-quarter EPS of 37 cents to 39 cents, below the 46-cent FactSet consensus. Same-store sales are expected to be flat to a low-single digit increase. The FactSet estimate is for a 3.8% increase. American Eagle shares are up 22% for the year so far while the S&P 500 index is up nearly 8% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

OnDeck names Nick Brown to newly created position of chief risk officer

MarketWatch Market Pulse - Wed, 11/30/2016 - 08:07

OnDeck Capital Inc. said Wednesday it has named Nick Brown to the newly created role of chief risk officer. Brown comes to the company from Commonwealth Bank of Australia, where he was general manager of the group decision sciences team. The executive has also done stints at Discover Financial, where he grew the personal loan book and led the acquisition of the Student Lending Company from Citigroup Inc. . Brown has a PhD in organizational behavior and statistics from Cornell University. Shares were not yet active in premarket trade, but are down 55% in the year so far, while the S&P 500 has gained about 8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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