Breaking Stock Market and Financial News

China's Dalian Wanda posts 2016 revenue drop, weighed by property business

Reuters Us Markets - Sat, 01/14/2017 - 04:52
HONG KONG/BEIJING, Jan 14 (Reuters) - China's Dalian Wanda Group Co Ltd on Saturday said its revenue for 2016 dropped by 13.9 percent, even as operating income increased 3.4 percent, as a slowdown...

Major ice storm bears down on central U.S.

Top Reuters News - Sat, 01/14/2017 - 03:32
(Reuters) - The brunt of an ice storm was expected to roll through the Great Plains and Midwest this weekend after claiming the life of a motorist, causing scattered power outages and wreaking havoc on travel plans for airline passengers and motorists.

Trump suggests he may do away with Russia sanctions if Moscow helpful: WSJ

Top Reuters News - Sat, 01/14/2017 - 03:12
(Reuters) - U.S. President-elect Donald Trump said in an interview with the Wall Street Journal he would keep intact sanctions against Russia "at least for a period of time," and also said he wouldn't commit to the "one China" policy until he sees progress from Beijing in its currency and trade practices.

'Star Wars' makers vow not to digitally recreate Carrie Fisher

Reuters Us Markets - Fri, 01/13/2017 - 22:37
LOS ANGELES, Jan 13 (Reuters) - The studio behind the "Star Wars" movie franchise said on Friday is has no plans to digitally recreate film performances of the late actress Carrie Fisher, best known...

Trump suggests he may do away with Russia sanctions if Moscow helpful: WSJ

Top Reuters News - Fri, 01/13/2017 - 22:28
(Reuters) - U.S. President-elect Donald Trump said in an interview with the Wall Street Journal he would keep intact sanctions against Russia "at least for a period of time," and also said he wouldn't commit to the "one China" policy until he sees progress from Beijing in its currency and trade practices.

UPDATE 1-Trump suggests he may do away with Russia sanctions if Moscow helpful -WSJ

Reuters Us Markets - Fri, 01/13/2017 - 22:19
Jan 13 (Reuters) - U.S. President-elect Donald Trump said in an interview with the Wall Street Journal he would keep intact sanctions against Russia "at least for a period of time," and also said he...

Cuba’s Raul Castro meets with U.S. Chamber of Commerce president

Top Reuters News - Fri, 01/13/2017 - 22:06
HAVANA (Reuters) - The head of the U.S. Chamber of Commerce met with Cuban President Raul Castro and in separate meetings with members of Castro's economic cabinet on Friday, as they prepare for the advent of a more hostile Trump administration next week.

Trump suggests he may do away with Russia sanctions if Moscow helpful -WSJ

Reuters Us Markets - Fri, 01/13/2017 - 21:47
Jan 13 (Reuters) - U.S. President-elect Donald Trump said in an interview with the Wall Street Journal he would keep intact sanctions against Russia "at least for a period of time," and also said he...

Moody's pays $864 million to U.S., states over pre-crisis ratings

Top Reuters News - Fri, 01/13/2017 - 21:41
NEW YORK (Reuters) - Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday.

UPDATE 2-Sony Entertainment CEO exiting for a top role at Snap

Reuters Us Markets - Fri, 01/13/2017 - 20:59
LOS ANGELES, Jan 13 (Reuters) - Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced...

BRIEF-Photon control appoints Neil Mcdonnell as board chair

Reuters Us Markets - Fri, 01/13/2017 - 20:20
* Michael Goldstein will remain as an executive director and acting CEO Source text for Eikon: Further company coverage:

U.S. judge to issue decision on Hanjin sale of stake in terminal operator

Reuters Us Markets - Fri, 01/13/2017 - 19:52
SAN FRANCISCO, Jan 13 (Reuters) - The judge overseeing the U.S. bankruptcy case of Hanjin Shipping Co Ltd said on Friday he will likely announce on Wednesday whether he will approve the South Korean...

REFILE-U.S. State Department nominee Tillerson fights climate deposition

Reuters Us Markets - Fri, 01/13/2017 - 19:40
NEW YORK, Jan 13 (Reuters) - Rex Tillerson, the former oil executive under consideration for U.S. secretary of state, is trying to avoid giving testimony in a federal lawsuit over climate change,...

BRIEF-Moody's reaches settlement with U.S. DOJ, 21 states and district of Columbia

Reuters Us Markets - Fri, 01/13/2017 - 19:22
* Moody's reaches settlement with U.S. Department of justice, 21 U.S. states and district of Columbia

PM May must set out Brexit plan by mid-Feb to allow scrutiny: UK lawmakers

Top Reuters News - Fri, 01/13/2017 - 19:09
LONDON (Reuters) - The British government must publish a detailed plan for Brexit by mid-February setting out its position on future membership of the European Union's single market and customs union, a committee of lawmakers said in a report published on Saturday.

DIARY-Emerging Markets Economic Events to Feb. 16

Reuters Us Markets - Fri, 01/13/2017 - 19:02
** This Diary is filed daily *** ---------------------------------------------------------------

DIARY-Top Economic Events to Feb. 22

Reuters Us Markets - Fri, 01/13/2017 - 19:00
Political and general news ** This Diary is filed daily ** -----------------------------------------------------------

Ivory Coast mutineers say reach deal amid fears of renewed revolt

Top Reuters News - Fri, 01/13/2017 - 18:59
BOUAKE, Ivory Coast (Reuters) - Disgruntled soldiers in Ivory Coast reached an agreement with the government late on Friday resolving a dispute over bonus payments that had threatened to reignite a nationwide army mutiny, negotiators for the mutineers said.

Senate intelligence panel to probe Russia hacking

Top Reuters News - Fri, 01/13/2017 - 18:46
WASHINGTON (Reuters) - The leaders of the Senate Intelligence Committee said the panel will investigate allegations Russia used cyber attacks to influence the U.S. presidential election, including any links between Russia and the political campaigns.

BRIEF-Wells Fargo says expects efficiency initiatives will reduce expenses by about $2 bln annually by year-end 2018

Reuters Us Markets - Fri, 01/13/2017 - 18:40
* As of 12/9/16, issued $3.2 million of refunds for "potentially unauthorized accounts that incurred fees and charges" for May 2011 - June 2015

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