Breaking Stock Market and Financial News

Oil futures suffer largest weekly loss in more than a month

MarketWatch Market Pulse - Fri, 01/13/2017 - 14:41

Oil futures fell Friday to tally loss of about 3% for the week--the largest such loss since early November, according to FactSet data. Doubts surrounding oil-producer compliance with a production cut agreement lingered despite some signs of cutbacks. February West Texas Intermediate crude fell 64 cents, or 1.2%, to settle at $52.37 a barrel.

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Big security risks in Trump feud with spy agencies, officials say

Top Reuters News - Fri, 01/13/2017 - 14:34
WASHINGTON (Reuters) - An unprecedented pre-presidential inauguration feud between Donald Trump and intelligence agencies that soon will be under his command could harm U.S. security if not quickly defused, current and former government officials said.

Gold futures gain roughly 1.9% for the week

MarketWatch Market Pulse - Fri, 01/13/2017 - 13:58

Gold futures settled with a loss on Friday, but still scored a gain of about 1.9% for the week. "Gold appears to be trading in lock step with U.S. dollar trends over the past few weeks, with this week's strength reflecting softness in the dollar," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. "Our view on President-elect [Donald] Trump's policies is that we should see a stronger U.S. dollar, which should continue to pressure gold prices this year." February gold fell $3.60, or 0.3%, for the session to settle at $1,196.20 an ounce.

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Airbus versus Boeing: Iran deals the difference in plane battle

Top Reuters News - Fri, 01/13/2017 - 13:55
PARIS (Reuters) - Over the past two decades, planemakers Airbus and Boeing have traded the crown in the annual orders race, and it was usually clear who had bragging rights in the fiercely competitive $120 billion annual jet market.

Lockheed Martin CEO meets Trump, says deal to lower F-35 costs is close

Top Reuters News - Fri, 01/13/2017 - 13:33
NEW YORK (Reuters) - Lockheed Martin Corp is close to a deal to significantly lower the cost of its F-35 aircraft, Chief Executive Officer Marillyn Hewson said on Friday after meeting with U.S. President-elect Donald Trump.

BRIEF-ENDEAVOUR CONFIRMS PRELIMINARY DISCUSSIONS HAVE TAKEN PLACE WITH ACACIA MINING

Reuters Us Markets - Fri, 01/13/2017 - 13:29
* REITERATES ITS "STRATEGIC FOCUS IS ORGANIC PROSPECTS IN ITS EXISTING ASSET PORTFOLIO"

Woman kidnapped as baby in Florida found after 18 years

Top Reuters News - Fri, 01/13/2017 - 13:29
TAMPA, Fla. (Reuters) - A woman who was taken as a baby from hospital in Jacksonville, Florida, in 1998 has been found safe, Florida authorities said on Friday.

UPDATE 1-Ex-Jefferies trader's U.S. fraud trial nears end

Reuters Us Markets - Fri, 01/13/2017 - 13:29
NEW HAVEN, Conn., Jan 13 (Reuters) - A former Jefferies Group bond trader being tried a second time on charges of defrauding clients about prices of mortgage bonds should be convicted because he lied...

WRAPUP2-Top U.S. bank executives optimistic heading into 2017

Reuters Us Markets - Fri, 01/13/2017 - 13:27
NEW YORK, Jan 13 (Reuters) - Executives of big U.S. banks expressed optimism on Friday about the outlook for 2017 in their first public comments about quarterly earnings since the U.S. presidential...

BRIEF-KALYTERA THERAPEUTICS ENTERS INTO BINDING LETTER OF INTENT TO ACQUIRE TALENT BIOTECHS

Reuters Us Markets - Fri, 01/13/2017 - 13:25
* KALYTERA THERAPEUTICS ENTERS INTO BINDING LETTER OF INTENT TO ACQUIRE TALENT BIOTECHS AND ITS PHASE 2 CLINICAL-STAGE GRAFT VERSUS HOST DISEASE PROGRAM

Investors fight back on aggressive covenant terms

Reuters Us Markets - Fri, 01/13/2017 - 13:25
NEW YORK, Jan 13 (IFR) - Investors dug in their heels this week on three investment-grade bond deals that tried to include more issuer-friendly terms, signaling that - for now at least - enough is...

BRIEF-SPACEX SAYS FALCON 9 ROCKET WILL DELIVER 10 SATELLITES TO LOW-EARTH ORBIT FOR IRIDIUM

Reuters Us Markets - Fri, 01/13/2017 - 13:23
* SAYS FALCON 9 ROCKET WILL DELIVER 10 SATELLITES TO LOW-EARTH ORBIT FOR IRIDIUM

Lady Liberty shown as black woman on U.S. coin for first time

Top Reuters News - Fri, 01/13/2017 - 13:20
(Reuters) - The United States Mint has unveiled a $100 gold coin featuring an African-American woman as the face of Lady Liberty for the first time in the history of U.S. currency.

Acacia confirms in early talks to combine with Endeavour Mining

Reuters Us Markets - Fri, 01/13/2017 - 13:20
Jan 13 (Reuters) - Gold miner Acacia Mining Plc said on Friday it was in early talks about a possible merger with Canadian gold miner Endeavour Mining Corp.

Morgan Stanley to pay $13 mln for overbilling clients, SEC says

Reuters Us Markets - Fri, 01/13/2017 - 13:18
WASHINGTON, Jan 13 (Reuters) - Morgan Stanley will pay $13 million to settle civil charges that it overbilled some of its wealth management clients because of coding and other billing system errors,...

WRAPUP 3-U.S. retail sales boosted by auto demand; producer prices climb

Reuters Us Markets - Fri, 01/13/2017 - 13:16
WASHINGTON, Jan 13 (Reuters) - U.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quarter with momentum...

UPDATE 3-U.S. government charges Takata over handling of defective air bags

Reuters Us Markets - Fri, 01/13/2017 - 13:16
WASHINGTON, Jan 13 (Reuters) - The U.S. government charged Japan's Takata Corp with criminal wrongdoing on Friday in connection air bag inflator ruptures linked to at least 16 deaths worldwide.

Baker Hughes data show U.S. oil-rig count down for first time in 11 weeks

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

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil fell by 7 to 522 rigs this week. The decline follows ten consecutive weeks of increases. The total active U.S. rig count, which includes oil and natural-gas rigs, also fell 6 to 659, according to Baker Hughes. February West Texas Intermediate crude was trading down 46 cents, or 0.9%, for the session at $52.55 a barrel on the New York Mercantile Exchange, unchanged from the levels it traded at 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.

U.S. Justice Department blasts Chicago police over excessive force

Top Reuters News - Fri, 01/13/2017 - 13:09
CHICAGO (Reuters) - Chicago's police routinely used excessive force, tolerated racially discriminatory conduct and often maintained a "code of silence" among officers to thwart investigations into misconduct, federal officials said in a blistering report released on Friday.

Hedge fund founder Scaramucci to join Trump's White House as liaison

Top Reuters News - Fri, 01/13/2017 - 12:29
NEW YORK (Reuters) - Anthony Scaramucci, a hedge fund founder who was a fundraiser in Donald Trump's election campaign, will join the president-elect's White House staff as an advisor and public liaison to government agencies and businesses, he said on Friday.

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