Breaking Stock Market and Financial News

BRIEF-S&P says Virgin Islands public finance authority GRT notes rating lowered to 'B'

Reuters Us Markets - Thu, 12/01/2016 - 12:42
* Virgin Islands public finance authority GRT notes rating lowered to 'B' on deteriorating economic and fiscal conditions Source (http://bit.ly/2gDyvtw)

BRIEF-Teamsters says raised objections to XPO Logistics' proposed 2016 omnibus incentive compensation plan

Reuters Us Markets - Thu, 12/01/2016 - 12:41
* In letter to xpo logistics' board, teamsters raised objections to co's proposed 2016 omnibus incentive compensation plan Source text for Eikon: Further company coverage:

Facebook developing artificial intelligence to flag offensive live videos

Top Reuters News - Thu, 12/01/2016 - 12:07
MENLO PARK, Calif. (Reuters) - Facebook Inc is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company’s director of applied machine learning.

Aleppo rebels hope to reverse fortunes with new alliance

Top Reuters News - Thu, 12/01/2016 - 12:01
BEIRUT (Reuters) - Rebels in Aleppo have agreed to form a new military alliance to better organize the defense of parts of the city they control from a ferocious assault by the government and its allies, officials in two of the insurgent groups said on Thursday.

Bank of Mexico Gov. Carstens leaving in 2017 to head BIS

MarketWatch Market Pulse - Thu, 12/01/2016 - 11:23

Bank of Mexico Governor Agustin Carstens will step down as the head of the country's central bank in July 2017, according to news reports Thursday. Carstens will become the general manager of the Bank for International Settlements in October 2017, BIS said in a statement. Carstens, who has been on BIS's board since 2011, has served as the head of Mexico's central bank since 2010. Carstens will succeed Jaime Caruana, who is retiring next year. The Basel, Switzerland-based BIS is a consortium of central banks.

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.

Questions resurface about who would succeed longtime Goldman CEO

Top Reuters News - Thu, 12/01/2016 - 10:56
(Reuters) - Goldman Sachs Group Inc is again facing questions about who would succeed longtime Chief Executive Officer Lloyd Blankfein when he eventually steps down.

Natural-gas futures extend gains after EIA reports fall of 50 billion cubic feet in U.S. supplies

MarketWatch Market Pulse - Thu, 12/01/2016 - 10:36

Natural-gas futures gained more ground Thursday after the U.S. Energy Information Administration reported that supplies of the commodity fell by 50 billion cubic feet for the week ended Nov. 25. That matched the forecasted decline from analysts polled by S&P Global Platts. Total stocks now stand at 3.995 trillion cubic feet, up 24 billion cubic feet from a year ago and 235 billion cubic feet above the five-year average, the government said. January natural gas rose 10.2 cents, or 3%, to $3.453 per million British thermal units. It traded at $3.438 before the data.

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.

General Motors' stock surges to 1-year high after November sales data

MarketWatch Market Pulse - Thu, 12/01/2016 - 09:48

General Motors Co.'s stock surged 2.3% to the highest level since Dec. 10, 2015 in morning trade Thursday, after the auto maker said November U.S. vehicle sales jumped 8% from a year ago, with all four brands showing growth. GM said it estimates that retail market share rose 0.3 percentage points in November to 16.8%, marking the 17th of the past 20 months that market share increased. Of GM's four U.S. brands, Chevrolet sales rose 5%, Buick sales increased 22%, GMC sales improved 9% and Cadillac sales jumped 17%. GM said average transaction prices after incentives rose to $35,767, or more than $4,000 above the industry average. "All economic indicators show significantly improved optimism about the U.S. economy including consumer and business sentiment, which continue to drive a very healthy U.S. auto industry," said Chief Economist Mustafa Mohatarem. "We believe the U.S. auto industry is well-positioned for sales to continue at or near record levels into 2017." The stock has gained 3.9% year to date, while the S&P 500 has climbed 7.6%.

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.

CANADA FX DEBT-C$ strengthens as oil extends rally on OPEC deal

Reuters Us Markets - Thu, 12/01/2016 - 09:47
* Canadian dollar at C$1.3366, or 74.82 U.S. cents * Bond prices lower across a steeper yield curve * 10-year yield touches its highest in nearly 1 year TORONTO, Dec 1 (Reuters) - The...

BRIEF-Velux Group selects PTC Windchill Enterprise platform for its global product development

Reuters Us Markets - Thu, 12/01/2016 - 09:46
* Announced Velux Group has selected PTC Windchill Enterprise platform for its global product development Source text for Eikon: Further company coverage:

BRIEF-Visa says has decided to delay the U.S. domestic Automated Fuel Dispenser EMV activation date

Reuters Us Markets - Thu, 12/01/2016 - 09:46
* Visa says has decided to delay the U.S. domestic Automated Fuel Dispenser EMV activation date from October 1, 2017 to October 1, 2020 - Website

UPDATE 2-Sterling jumps to multi-month highs on EU market access hints

Reuters Us Markets - Thu, 12/01/2016 - 09:44
* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVh (Updates prices, adds milestones)

BRIEF-Medtronic announces reimbursement approval and launch of CoreValve Evolut R system in Japan

Reuters Us Markets - Thu, 12/01/2016 - 09:44
* Medtronic announces reimbursement approval and launch of CoreValve(TM) Evolut(TM) R system in Japan

Brazil states demand less austerity to salvage fiscal pact

Reuters Us Markets - Thu, 12/01/2016 - 09:43
BRASILIA, Dec 1 (Reuters) - Governors of cash-strapped Brazilian states on Thursday will demand President Michel Temer relax the terms of an austerity pact announced last week aimed at closing their...

Comcast's Fandango Media to buy Peru's online movie ticketer Cinepapaya

Reuters Us Markets - Thu, 12/01/2016 - 09:43
Dec 1 (Reuters) - Fandango Media LLC, an online movie ticketing platform owned by Comcast Corp, said on Thursday it would buy Peru-based Cinepapaya to expand in Latin America.

BRIEF-Glazer Capital issues open letter to shareholders of PrivateBancorp Inc

Reuters Us Markets - Thu, 12/01/2016 - 09:42
* Glazer Capital LLC issues open letter to shareholders of PrivateBancorp Inc

BRIEF-Jacobs Engineering Group announces initiation of dividend program

Reuters Us Markets - Thu, 12/01/2016 - 09:40
* Jacobs Engineering Group Inc announces initiation of dividend program

Jobless claims hit five-month high, but layoffs low

Top Reuters News - Thu, 12/01/2016 - 09:39
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, hitting the highest level in five months, but the underlying trend remained consistent with a healthy labor market.

CANADA STOCKS-TSX rises as oil rally boosts energy stocks

Reuters Us Markets - Thu, 12/01/2016 - 09:38
TORONTO, Dec 1 (Reuters) - Canada's main stock index rose on Thursday, led by a more than 2 percent gain for the energy group as oil extended its rally on an OPEC deal to cut output.

InterContinental Hotels to source cage-free eggs by 2022

MarketWatch Market Pulse - Thu, 12/01/2016 - 09:35

InterContinental Hotels Group PLC said Thursday that it is working with nonprofit organization The Humane League on a plan to source 100% cage-free eggs throughout operations in the U.S., Canada and Europe. This is part of a broader goal to source cage-free eggs across the globe by 2025. InterContinental brands include Kimpton Hotels and Restaurants, Holiday Inn and Crowne Plaza. InterContinental shares are down 2.1% in early Thursday trading, but up 20.4% for the year to date. The S&P 500 index is up 7.6% for 2016 so far.

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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