Breaking Stock Market and Financial News

Australia says TPP not dead, despite Trump opposition

Reuters Us Markets - Thu, 01/12/2017 - 21:44
SYDNEY, Jan 13 (Reuters) - Australia has declared the Trans-Pacific Partnership (TPP) not dead ahead of key trade talks with Japanese Prime Minister Shinzo Abe in Sydney on Saturday, despite...

BRIEF-Medley Management announces pricing of $30 mln public offering of 7.25% notes due 2024

Reuters Us Markets - Thu, 01/12/2017 - 21:36
* Medley Management Inc announces upsizing and pricing of $30 million Medley Llc public offering of 7.25% notes due 2024

S.Korea prosecutor to decide 'soon' whether to seek arrest warrant for Samsung's Lee

Reuters Us Markets - Thu, 01/12/2017 - 21:31
SEOUL, Jan 13 (Reuters) - South Korea's special prosecutors' office said on Friday it will decide "soon" whether to seek a warrant to arrest Samsung Group leader Jay Y. Lee, who was questioned for...

BRIEF-China says foreign trade improved in Q4 due to supportive policies, improved overseas demand

Reuters Us Markets - Thu, 01/12/2017 - 21:27
* China foreign trade improved in Q4 due to supportive policies, improved overseas demand - customs

UPDATE 1-Florida lets MetLife, Unum boost premiums for long-term care

Reuters Us Markets - Thu, 01/12/2017 - 21:21
Jan 12 (Reuters) - Florida's insurance commissioner is allowing MetLife Inc and Unum Group boost long-term care premiums, alleviating financial stress the insurers have been facing from rising...

Takata to pay $1 billion to settle U.S. air bag probe: sources

Top Reuters News - Thu, 01/12/2017 - 21:14
NEW YORK (Reuters) - Japan's Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said.

Drone-maker Lily Robotics shuts down, sued for false advertising

MarketWatch Market Pulse - Thu, 01/12/2017 - 21:09

Drone startup Lily Robotics was sued for false advertising and unfair business practices by the San Francisco District Attorney's Office on Thursday, the same day the company announced it was shutting down after failing to secure more funding. Lily made $34 million in pre-orders last year, and said it would send automatic refunds to customers. According to the San Francisco Chronicle, the district attorney's office said Lily failed on its promise to deliver the drones to customers, and it lured sales through a misleading promotional video. Lily's drones had been hyped as revolutionary for their autonomous flight capabilities, and won an innovation award at CES 2016. The San Francisco-based startup had 60,000 orders for the drones, which cost $899. Lily had delayed production of the drones a number of times, and mass production never got off the ground.

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.

UPDATE 1-Accident kills worker at Pemex refinery in Mexico, output not affected

Reuters Us Markets - Thu, 01/12/2017 - 20:26
MEXICO CITY, Jan 12 (Reuters) - An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company...

UPDATE 1-S.Korea c.bank keeps rates at record low for 7th mth, as expected

Reuters Us Markets - Thu, 01/12/2017 - 20:26
SEOUL, Jan 13 (Reuters) - South Korea's central bank kept interest rates unchanged for a seventh straight month on Friday, in line with expectations, as it braces for policy developments out of the...

FOREX-Dollar steadies after hitting 5-week low, China data in focus

Reuters Us Markets - Thu, 01/12/2017 - 20:22
TOKYO, Jan 13 (Reuters) - The dollar steadied after hitting a five-week low against the yen and the broader basket of currencies on Friday, after U.S. President-elect Donald Trump's news conference...

WRAPUP 3-Fed officials see quick economic boost from Trump, risks to follow

Reuters Us Markets - Thu, 01/12/2017 - 20:13
NAPLES, Fla., Jan 12 (Reuters) - Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic...

Fed's Yellen says she's upbeat about short-term economic outlook

Reuters Us Markets - Thu, 01/12/2017 - 19:54
WASHINGTON, Jan 12 (Reuters) - The U.S. economy is doing well and faces no serious obstacles in the short term, with the labor market looking pretty strong, Federal Reserve Chair Janet Yellen said on...

GLOBAL MARKETS-Asian shares wobble, dollar on track for losing week

Reuters Us Markets - Thu, 01/12/2017 - 19:48
* Wall Street slips as Trump fails to offer economic plan details

PRESS DIGEST- Financial Times - Jan 13

Reuters Us Markets - Thu, 01/12/2017 - 19:44
Jan 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 4-Some U.S. House Republicans doubtful ahead of vote to begin Obamacare repeal

Reuters Us Markets - Thu, 01/12/2017 - 19:36
* Some Republicans unsure how they will vote (Recasts with Republican doubts about vote)

Obama administration ends special immigration policy for Cubans

Top Reuters News - Thu, 01/12/2017 - 19:33
WASHINGTON (Reuters) - The Obama administration said on Thursday it was repealing a measure granting automatic residency to virtually every Cuban who arrived in the United States, whether or not they had visas, ending a longstanding exception to U.S. immigration policy.

Blasts hit key military airport in Damascus: Syrian state TV

Top Reuters News - Thu, 01/12/2017 - 19:23
AMMAN (Reuters) - Several major explosions hit Mezzah military airport compound near the Syrian capital Damascus, and ambulances were rushed to the area, Syrian state television said on Friday.

UPDATE 1-Anadarko Petroleum to sell Texas assets for $2.3 bln

Reuters Us Markets - Thu, 01/12/2017 - 19:20
Jan 12 (Reuters) - Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/50 partnership...

Lawsuit accusing Apple of monopoly on iPhone apps revived by court

MarketWatch Market Pulse - Thu, 01/12/2017 - 19:18

A lawsuit that accuses Apple Inc. of having an illegal monopoly on iPhone apps was revived by a federal appears court Thursday. The suit, which is seeking class-action status, could seek hundreds of millions of dollars in damages, claiming consumers were forced to overpay for apps. Apple broke the law by requiring apps to be sold only within its App Store, the suit says, and Apple took 30% of app developers' revenues, which artificially inflated prices. Apple argued that it did not sell the apps themselves, and only served as a platform to distribute them, comparing its App Store to a shopping mall rather than an actual store. A lower court had dismissed the lawsuit, saying the plaintiffs did not have standing. In the ruling Thursday, Judge William A. Fletcher of San Francisco's 9th U.S. Circuit Court of Appeals said the plaintiffs did in fact have standing to sue, and that Apple's argument was "unconvincing."

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.

PRESS DIGEST- British Business - Jan 13

Reuters Us Markets - Thu, 01/12/2017 - 19:18
Jan 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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