Breaking Stock Market and Financial News

Mobileye stock ticks higher after earnings win

MarketWatch Market Pulse - Wed, 02/22/2017 - 07:16

Shares of Mobileye N.V. climbed 3% in premarket trade Wednesday after the company reported stronger-than-expected fourth-quarter earnings. The company, which provides technology that helps power driverless cars, reported net income of $32.6 million, or 14 cents a share, compared with $18.8 million, or 8 cents a share, in the year-earlier period. Excluding one-time items, non-GAAP earnings were 22 cents, topping the average analyst estimate of 20 cents, according to FactSet. Revenue for the three-month period climbed 45.6% to $104.6 million from $71.8 million in the year-earlier period, beating the consensus estimate of $96.4 million. Mobileye attributed the results to stronger demand for autonomous-vehicle technology that helped spur new business from automakers. Mobileye stock has increased more than 18% in the past three months and 59% in the past year, outperforming the S&P 500 , which is up 7% in the past three months and 22% in the past year.

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Groundhog day in Geneva: old questions haunt Syria talks

Top Reuters News - Wed, 02/22/2017 - 07:09
GENEVA (Reuters) - When Syria peace talks restart in Geneva on Thursday after 10 months in the deep-freeze, familiar disagreements are likely to resurface, despite massive changes in the military and political context.

Dish Network swings to profit that beats expectations

MarketWatch Market Pulse - Wed, 02/22/2017 - 07:04

Dish Networks Corp. reported Wednesday earnings of $343 million, or 70 cents a share, after a loss of $125 million, or 27 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 66 cents. Revenue slipped to $3.72 billion from $3.78 billion, just shy of the FactSet consensus of $3.76 billion. About 694,000 gross new Pay-TV subscribers were activated during the quarter, compared with 661,000 a year ago, while net Pay-TV subscribers increased by 28,000. The stock, which was still inactive in premarket trade, has rallied 35% over the past 12 months, while the S&P 500 has gained 22%.

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Showdown looms for protesters near site of Dakota Access pipeline

Top Reuters News - Wed, 02/22/2017 - 06:33
CANNON BALL, N.D. (Reuters) - Demonstrators near the site of the Dakota Access pipeline braced for a showdown with authorities on Wednesday, as protest leaders said at least some would defy a deadline to abandon the camp they have occupied for months to halt the project.

Britain's top court backs government on immigration income test

Top Reuters News - Wed, 02/22/2017 - 06:29
LONDON (Reuters) - Britain's top court backed a government attempt to limit immigration by ruling on Wednesday that an income test for those who want to bring their non-European spouses to the UK is acceptable and does not infringe human rights.

China state firm to buy Chevron Bangladesh oil fields for $2 billion: report

MarketWatch Market Pulse - Wed, 02/22/2017 - 06:27

Chevron Corp. has signed a preliminary deal with China's Zhenhua Oil, a state-run oil and gas explorer, to sell its major natural gas fields in Bangladesh for about $2 billion, Reuters reported, citing Beijing-based oil executives. Bangladesh, with rights of first refusal on those gas fields, could scupper the deal, as its national oil company Petrobangla is trying to drum up financing to purchase them, the report said, citing sources. A spokesperson for Zhenhua Oil, Zhang Xiodi, declined to comment to Reuters. A spokesperson for Chevron could not immediately be reached for comment.

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U.S. appeals court upholds Maryland's ban on assault rifles

Top Reuters News - Wed, 02/22/2017 - 06:07
(Reuters) - A federal appeals court on Tuesday upheld Maryland's ban on assault rifles, ruling gun owners are not protected under the U.S. Constitution to possess "weapons of war," court documents showed.

Lawyers for South Korea's Park accuse court reviewing impeachment of bias

Top Reuters News - Wed, 02/22/2017 - 05:41
SEOUL (Reuters) - Lawyers for South Korean President Park Geun-hye accused one of the judges reviewing her impeachment of bias on Wednesday and asked him to excuse himself, in a dramatic twist in a case engulfing members of the political and business elite.

In Bavarian town, Syrian sisters get to grips with Germany's freedoms

Top Reuters News - Wed, 02/22/2017 - 05:07
SCHILLINGSFUERST, Germany (Reuters) - More than a year ago, Mayar and Nawar Ballish escaped car bomb attacks in Damascus. Now the Syrian sisters, both students in their twenties, go to school by train past neat gardens and farms in the quiet hills of Bavaria, southern Germany.

Pipeline fights move from Dakota prairie to Louisiana bayous

Top Reuters News - Wed, 02/22/2017 - 04:23
HENDERSON, Louisiana (Reuters) - When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property.

Ex-Hong Kong leader jailed in fall from "such a height"

Top Reuters News - Wed, 02/22/2017 - 02:03
HONG KONG (Reuters) - Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law.

Netanyahu blasts U.N. 'hypocrisy', Australian PM opposes 'one-sided resolutions'

Top Reuters News - Wed, 02/22/2017 - 01:08
SYDNEY (Reuters) - Australian Prime Minister Malcolm Turnbull offered a staunch defense of Israel on Wednesday, criticizing the United Nations and vowing never to support "one-sided resolutions" calling for an end to Israeli settlement building on occupied land.

Flooding forces hundreds from homes in San Jose, California

Top Reuters News - Wed, 02/22/2017 - 00:53
(Reuters) - Murky, waist-high floodwaters swamped neighborhoods along a rain-swollen creek in the northern California city of San Jose on Tuesday, prompting authorities to issue evacuation orders or advisories for more than 1,000 homes, city officials said.

Malaysia identifies North Korean embassy official among suspects

Top Reuters News - Tue, 02/21/2017 - 23:09
KUALA LUMPUR (Reuters) - Malaysian police identified a senior official in the North Korean embassy on Wednesday as a suspect in the murder of Kim Jong Nam, and said another was linked to North Korea's state airline.

Asia up as Wall Street extends record rise, dollar steady

Top Reuters News - Tue, 02/21/2017 - 19:52
TOKYO (Reuters) - Asian stocks edged up on Wednesday, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street.

Exclusive: China finishing South China Sea buildings that could house missiles - U.S. officials

Top Reuters News - Tue, 02/21/2017 - 19:28
WASHINGTON (Reuters) - China, in an early test of U.S. President Donald Trump, is nearly finished building almost two dozen structures on artificial islands in the South China Sea that appear designed to house long-range surface-to-air missiles, two U.S. officials told Reuters.

U.S. judge blocks Texas plan to cut Planned Parenthood Medicaid funds

Top Reuters News - Tue, 02/21/2017 - 18:42
AUSTIN, Texas (Reuters) - A U.S. judge in Austin issued a preliminary injunction on Tuesday halting Texas' plan to cut Medicaid funding for Planned Parenthood, saying the state did not present evidence of a program violation that would warrant termination.

Aeromexico board supports Delta's offer of increased stake

MarketWatch Market Pulse - Tue, 02/21/2017 - 18:27

Grupo Aeromexico SAB de CV said its board would accept Delta Air Lines Inc.'s offer to acquire a 49% stake in the company. Back in November, Delta offered to increase its interest in the Mexican airline from its current 4.3% stake for 43.59 pesos a share, and on Feb. 13 boosted that offer to 53 pesos a share because of a decline in the peso. Since November, Aeromexico shares have risen 25% in local currency and last closed at 46.93 pesos a share. Aeromexico, in a statement, said its board "considers such price is both supported from a financial perspective and represents fair value." Delta shares declined 0.1% to $51.15 after hours.

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Toll Brothers to start paying quarterly dividend

MarketWatch Market Pulse - Tue, 02/21/2017 - 17:43

Toll Brothers Inc. said late Tuesday it would start paying a quarterly dividend to shareholders. The Horsham, Pa.-based luxury home builder said its board approved a quarterly dividend of 8 cents a share payable on April 28 to shareholders of record as of April 14. Previously, Toll Brothers said it did not pay a dividend on the belief that "earnings are best utilized by investing in internal growth opportunities, such as expansion within current geographic markets and into new geographic territories," according to the company's website. Shares of Toll Brothers slipped 0.4% to $31.86 after hours.

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New U.S. environmental chief says agency can also be pro-jobs

Top Reuters News - Tue, 02/21/2017 - 17:29
WASHINGTON (Reuters) - The new head of the U.S. Environmental Protection Agency said on Tuesday that America need not choose between jobs and the environment, in a nod to the energy industry, as the White House prepares executive orders that could come as soon as this week to roll back Obama-era regulation.

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