Breaking Stock Market and Financial News

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

Top Reuters News - Thu, 09/21/2017 - 03:25
TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure.

Hurricane Maria lashes Dominican Republic after direct hit on Puerto Rico

Top Reuters News - Thu, 09/21/2017 - 03:06
SAN JUAN, Puerto Rico (Reuters) - Hurricane Maria thrashed parts of the Dominican Republic with heavy rain and high winds as it passed off its east coast on Thursday after making a direct hit on Puerto Rico that caused severe flooding and cut power to almost all the island.

CRH agrees to buy Ash Grove Cement in $3.5 billion deal

MarketWatch Market Pulse - Thu, 09/21/2017 - 02:35

Irish building materials company CRH PLC has agreed to buy Ash Grove Cement Co. in a deal valuing the U.S. cement provider at $3.5 billion, the companies said Thursday. Ash Grove said the transaction will be in the range of $449 to $454 per share, based on its June 30 balance sheet. Shares of Ash Grove closed at $285 on Wednesday. The merger agreement, which is expected to close in late 2017 or early 2018, is subject to shareholder and regulatory approval.

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.

Twitter to meet Congressional panel probing 2016 election

Top Reuters News - Thu, 09/21/2017 - 01:25
(Reuters) - Twitter Inc representatives will meet with the U.S. Senate Select Committee on Intelligence staff next week in relation to inquiries into the 2016 U.S. presidential election, a company representative said.

South Korea approves aid to North Korea, North calls Trump 'barking dog'

Top Reuters News - Thu, 09/21/2017 - 01:23
SEOUL (Reuters) - South Korea approved a plan on Thursday to send $8 million worth of aid to North Korea, as China warned the crisis on the Korean peninsula was getting more serious by the day and the war of words between Pyongyang and Washington continued.

Google to acquire HTC's Pixel smartphone division in $1.1 billion deal

Top Reuters News - Thu, 09/21/2017 - 01:15
TAIPEI (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion in cash to acquire the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones, its latest push into hardware manufacturing.

Distrustful U.S. allies force spy agency to back down in encryption row

Top Reuters News - Thu, 09/21/2017 - 01:03
SAN FRANCISCO (Reuters) - An international group of cryptography experts has forced the U.S. National Security Agency to back down over two data encryption techniques it wanted set as global industry standards, reflecting deep mistrust among close U.S. allies.

Hurricane Maria clobbers Puerto Rico, plunges island into darkness

Top Reuters News - Thu, 09/21/2017 - 01:01
SAN JUAN, Puerto Rico (Reuters) - Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing severe flooding and plunging the island into darkness as the storm's death toll in the Caribbean rose to at least 10.

Trump urges 'strong and swift' U.N. action to end Rohingya crisis

Top Reuters News - Wed, 09/20/2017 - 22:35
UNITED NATIONS/COX'S BAZAR, Bangladesh (Reuters) - U.S. President Donald Trump wants the United Nations Security Council to take "strong and swift action" to end violence against Myanmar's Rohingya Muslims, Vice President Mike Pence said on Wednesday, declaring the crisis a threat to the world.

Plan to ease U.S. firearm export rules may relieve gunmakers facing sales slump

Top Reuters News - Wed, 09/20/2017 - 22:15
SAN FRANCISCO (Reuters) - A move by the Trump administration to make it simpler to sell small arms abroad may provide some relief to gun makers American Outdoor Brands and Sturm Ruger & Company in an industry grappling with a deep sales slump since the election of President Donald Trump.

Google to buy part of HTC's smartphone operations for around $1 billion: source

Top Reuters News - Wed, 09/20/2017 - 22:13
HONG KONG/TAIPEI (Reuters) - Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday.

North Korea's foreign minister calls Trump's U.N. address 'sound of dog barking'

Top Reuters News - Wed, 09/20/2017 - 22:04
SEOUL (Reuters) - North Korean Foreign Minister Ri Yong Ho called U.S. President Donald Trump's address to the United Nations "the sound of a dog barking", brushing aside Trump's remarks that the United States may be forced to "totally destroy" North Korea.

Mexico rescuers work into night to save trapped girl as quake toll tops 230

Top Reuters News - Wed, 09/20/2017 - 21:36
MEXICO CITY (Reuters) - Mexican rescuers on Wednesday labored for a second night amid the rubble to save possible survivors of the country's most lethal earthquake in a generation, including a girl trapped under a school in Mexico City, as the death toll exceeded 230.

U.S. weighs whether to stay in Iran nuclear deal

Top Reuters News - Wed, 09/20/2017 - 21:32
UNITED NATIONS (Reuters) - The United States said on Wednesday it is weighing whether the Iranian nuclear deal serves its security interests even as Iran said it did not expect Washington to abandon the agreement.

Islamists lure youngsters in the Philippines with payments, promise of paradise

Top Reuters News - Wed, 09/20/2017 - 21:28
MARAWI CITY, Philippines (Reuters) - When he saw his commander holding the severed head of one of his neighbors, teenage Islamist fighter Jalil knew it was time to escape from Marawi City.

Manafort offered to brief Russian billionaire on Trump campaign: report

MarketWatch Market Pulse - Wed, 09/20/2017 - 19:58

Former Trump campaign chairman Paul Manafort offered to provide private briefings on how the campaign was progressing to a Russian billionaire with close ties with President Vladimir Putin, according to a Washington Post report late Wednesday. Manafort made the offer to Oleg Deripaska, an aluminum magnate and one of the richest men in Russia, who had done business with Manafort in the past, the Post reported. It reportedly occurred two weeks before Trump accepted the Republican presidential nomination, when Manafort was still leading his campaign. The exchange was in a series of emails that were turned over to congressional investigators and special counsel Robert Mueller. The Post said Manafort was seeking to cash in on his growing reputation, asking "How do we use to get whole?" The Post said there was no evidence the briefings actually took place, and Manafort's spokesman said the dealings were "innocuous," according to NBC News, which corroborated the Post's report.

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.

Fed keeps U.S. rates steady, to start portfolio drawdown in October

Top Reuters News - Wed, 09/20/2017 - 19:10
WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

Republicans plan healthcare vote, Obama and TV host denounce bill

Top Reuters News - Wed, 09/20/2017 - 19:09
WASHINGTON (Reuters) - Senate Republicans announced plans to vote next week on their latest bid to scuttle Obamacare even as a popular comedian who has become part of the U.S. healthcare debate denounced the bill and former President Barack Obama on Wednesday warned of "real human suffering."

Apple concedes new watch has connectivity glitch

Top Reuters News - Wed, 09/20/2017 - 19:07
(Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby.

Facebook signs huge office-space lease in San Francisco: report

MarketWatch Market Pulse - Wed, 09/20/2017 - 18:43

Facebook Inc. has signed a huge office lease in San Francisco with room for 2,000 to 3,000 employees, the San Francisco Business Times reported Wednesday. The social media giant, which is headquartered 35 miles south in Menlo Park, will occupy 50 floors -- 436,000 square feet -- of a skyscraper that is still under construction. The 70-story tower at 181 Fremont is scheduled to open by the end of the year, and is close neighbors with the Salesforce Tower, now the city's tallest building. Facebook's office-space deal is reportedly the largest in San Francisco in the past three years. Facebook is the latest tech giant to make a significant footprint in San Francisco. Just this year, Salesforce.com Inc. , Amazon.com Inc. and Alphabet Inc.'s Google have signed office-space deals in the city.

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.

Pages