Breaking Stock Market and Financial News

Wells Fargo fund business on the defensive amid sales scandal

Top Reuters News - Tue, 02/21/2017 - 03:06
(Reuters) - When a scandal over unauthorized accounts rocked Wells Fargo & Co's retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business.

Five die as light plane crashes into mall in Australia

Top Reuters News - Mon, 02/20/2017 - 22:53
SYDNEY (Reuters) - Five people were killed on Tuesday when a small plane crashed in to the roof of a shopping mall after taking off from an airfield outside Melbourne, Australia's second-largest city, police said.

Asian stocks steady, euro pressured by French election worries

Top Reuters News - Mon, 02/20/2017 - 19:45
HONG KONG (Reuters) - Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds.

Ecuador leftist leads presidential vote but may face runoff

Top Reuters News - Mon, 02/20/2017 - 17:53
QUITO (Reuters) - Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso.

Kremlin says Ukraine peace plan mooted by lawmaker 'absurd'

Top Reuters News - Mon, 02/20/2017 - 16:29
MOSCOW (Reuters) - The Kremlin said on Monday it had no prior knowledge of a Ukrainian lawmaker's peace plan for his country, which was detailed in the New York Times newspaper, and called it absurd anyway.

Exclusive: Burger King and Tim Hortons owner nears deal to buy Popeyes - sources

Top Reuters News - Mon, 02/20/2017 - 15:59
(Reuters) - Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday.

Trump opponents protest outside UK parliament as lawmakers debate planned visit

Top Reuters News - Mon, 02/20/2017 - 13:56
LONDON (Reuters) - Thousands of Donald Trump's opponents gathered outside the British parliament on Monday to protest against a planned state visit while lawmakers debated whether the new U.S. president should be given a lavish meeting with Queen Elizabeth.

Trump weighs security adviser options; Pence 'disappointed' by Flynn

Top Reuters News - Mon, 02/20/2017 - 13:31
WEST PALM BEACH, Fla./BRUSSELS (Reuters) - U.S. President Donald Trump considered his options for a new national security adviser on Monday as his vice president, Mike Pence, said he had been disappointed by the actions of the man ousted from the job and supported his dismissal.

Russia's U.N. envoy Churkin dies suddenly in New York

Top Reuters News - Mon, 02/20/2017 - 13:25
MOSCOW (Reuters) - Russia's combative ambassador to the United Nations, Vitaly Churkin, died suddenly in New York on Monday after being taken ill at work, the Russian Foreign Ministry said.

Snap arrives in London to woo skeptical investors ahead of IPO

Top Reuters News - Mon, 02/20/2017 - 12:26
LONDON (Reuters) - Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.

Norway pledges $10 million to counter Trump's global anti-abortion move

Top Reuters News - Mon, 02/20/2017 - 10:22
OSLO (Reuters) - Norway has joined an international initiative to raise millions of dollars to replace shortfalls left by U.S. President Donald Trump's ban on U.S.-funded groups worldwide providing information on abortion.

France's Le Pen narrows gap in presidential race: poll

Top Reuters News - Mon, 02/20/2017 - 09:15
PARIS (Reuters) - French far-right leader Marine Le Pen has gained some ground on her main election rivals, independent Emmanuel Macron and conservative Francois Fillon, but would still lose to either of them in the May 7 runoff for the presidency, a poll showed on Monday.

Turkish soldiers accused of Erdogan assassination attempt go on trial

Top Reuters News - Mon, 02/20/2017 - 05:59
MUGLA, Turkey (Reuters) - The trial of more than 40 Turkish soldiers accused of attempting to assassinate President Tayyip Erdogan during last year's failed coup started on Monday, with prosecutors seeking life sentences, according to the indictment obtained by Reuters.

Chinese news agency warns South Korea's Lotte over THAAD

Top Reuters News - Mon, 02/20/2017 - 05:55
BEIJING (Reuters) - South Korea's Lotte Group will face severe consequences if it allows the South Korean government to deploy a U.S. anti-missile system on land that now forms part of a golf course it owns, China's state-run Xinhua news agency has warned.

Trump's defense chief, in Iraq, says: We're not here for your oil

Top Reuters News - Mon, 02/20/2017 - 05:18
BAGHDAD (Reuters) - The U.S. military is not in Iraq "to seize anybody's oil", Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump at the start of a visit to Iraq on Monday.

Pence in Brussels, seeking 'deeper' ties with EU

Top Reuters News - Mon, 02/20/2017 - 04:15
BRUSSELS (Reuters) - U.S. Vice President Mike Pence told senior European Union officials in Brussels on Monday that the Trump administration was looking at ways to "deepen our relationship" with the EU.

U.S. serviceman dies in 'non-combat related incident' in Iraq, says coalition

Top Reuters News - Mon, 02/20/2017 - 04:09
BAGHDAD (Reuters) - A U.S. serviceman died on Monday in a non-combat related incident outside the Iraqi city of Ramadi, west of Baghdad, the U.S.-led coalition said.

Unilever shares tumble 8 percent after Kraft ditches bid

Top Reuters News - Mon, 02/20/2017 - 04:07
LONDON (Reuters) - Shares in Anglo-Dutch consumer goods group Unilever dropped 8 percent on Monday after U.S. rival Kraft Heinz Co abruptly ditched its surprise $143 billion merger proposal.

Iraqi forces battle their way toward Mosul airport

Top Reuters News - Mon, 02/20/2017 - 03:10
SOUTH OF MOSUL/BAGHDAD, Iraq (Reuters) - U.S.-backed Iraqi forces fought Islamic State fighters on Monday to clear the way to Mosul's airport, on the second day of a ground offensive on the jihadists' remaining stronghold in the western side of the city.

Washington prepares to bring North Koreans to U.S. for talks: report

Top Reuters News - Sun, 02/19/2017 - 20:54
WASHINGTON (Reuters) - Preparations are under way to bring senior North Korean officials to the United States for talks with former U.S. officials, the first such meeting in more than five years, The Washington Post reported on Sunday.

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