Breaking Stock Market and Financial News

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

BRIEF-Cabot sets quarterly dividend of $0.30 per share

Reuters Us Markets - Fri, 01/13/2017 - 18:33
* Sets quarterly dividend of $0.30per share Source text for Eikon: Further company coverage:

BRIEF-Warner Bros. says "Fantastic beasts and where to find them" crossed $800 million mark

Reuters Us Markets - Fri, 01/13/2017 - 18:33
* "Fantastic beasts and where to find them" has crossed $800 million mark at worldwide box office Source text for Eikon:

BRIEF-Walt Disney says CEO's 2016 total compensation was $43.9 mln - SEC filing

Reuters Us Markets - Fri, 01/13/2017 - 18:31
* CEO Robert A. Iger's 2016 total compensation was $43.9 million versus $44.9 million in 2015 - SEC filing

BRIEF-Concho Resources files to say selling stockholder may offer to sell up to 2.2 mln shares at $133.72/share - SEC filing

Reuters Us Markets - Fri, 01/13/2017 - 18:30
* Concho Resources Inc files to say selling stockholder may offer to sell up to 2.2 million shares of co at $133.72 per share - SEC filing Source text (http://bit.ly/2jGfbwB) Further company...

One dead as ice storm targets central United States

Top Reuters News - Fri, 01/13/2017 - 18:07
(Reuters) - A winter storm bringing icy rain to the Great Plains and Midwest claimed the life of a Missouri woman on Friday, prompted the delay of an NFL football game and threatened power outages and treacherous conditions throughout the weekend.

Macy's fires growth officer on the heels of weak holiday sales

MarketWatch Market Pulse - Fri, 01/13/2017 - 16:41

Macy's Inc. said it fired Chief Growth Officer Peter R. Sachse, a 34-year employee. Sachse will be "involuntarily separating" from Macy's effective Jan. 30, the retailer said in a filing. Sachse's separation was announced Jan. 9, the company said. Sachse will receive $2.7 million in a lump sum and continued vesting of equity awards through March, the retailer said. The dismissal comes a little over a week afterMacy's and other department stores reported weak holiday sales and as the company announced store closures. Shares of Macy's fell 0.1% late Friday after ending the regular trading day down 0.3%.

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