Breaking Stock Market and Financial News

U.S. appeals court rejects SEC's use of administrative law judges

Top Reuters News - Wed, 12/28/2016 - 14:55
(Reuters) - A divided federal appeals court has ruled that the U.S. Securities and Exchange Commission's in-house administrative judges are not constitutionally appointed, raising the prospect that the U.S. Supreme Court may need to address the issue.

Gold futures settle at two-week highs

MarketWatch Market Pulse - Wed, 12/28/2016 - 13:45

Gold futures rose for a third straight session to settle at two-week highs Wednesday. The February contract was up up $2.00, or 0.2%, to $1,141 an ounce. Gold is attempting to snap a streak of seven weekly declines. The ICE Dollar Index , which typically moves inversely to gold but broke from that relationship Wednesday, was up 0.4% at 103.43.

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Two-state solution to Middle East conflict in serious jeopardy: Kerry

Top Reuters News - Wed, 12/28/2016 - 13:30
WASHINGTON (Reuters) - U.S. Secretary of State John Kerry warned on Wednesday that the future of a two-state solution to the Middle East conflict was in jeopardy, saying the United States could not stay silent as violence and Israeli settlement building risked undermining peace.

South Carolina church shooter seeks to keep mental health evidence from jury

Top Reuters News - Wed, 12/28/2016 - 13:21
CHARLESTON, S.C. (Reuters) - Dylann Roof, the man convicted in a church shooting in Charleston, South Carolina, asked a judge on Wednesday to keep details about his mental health sealed for the sentencing phase of his federal death penalty trial next week.

BRIEF-Dollarama announces plan to buy back shares through private agreements

Reuters Us Markets - Wed, 12/28/2016 - 13:05
* Dollarama announces plan to buy back shares through private agreements

Takata could pay up to $1 billion to settle U.S. criminal probe: WSJ

Top Reuters News - Wed, 12/28/2016 - 12:57
(Reuters) - Japan's Takata Corp is nearing a settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its faulty air bag inflators, the Wall Street Journal reported.

Kate Spade shares rally 17% on report company is exploring a possible sale

MarketWatch Market Pulse - Wed, 12/28/2016 - 12:54

Shares of Kate Spade & Co. surged 17% in early afternoon trade, after the Wall Street Journal said the retailer is working with an investment bank to explore a sale of the company, citing people familiar with the matter. The company has come under pressure from activist hedge fund Caerus Investors, which in November, disclosed a stake. Shares are down 4.8% in the year so far, while the S&P 500 has gained about 11%.

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.

US STOCKS-Wall St rally loses steam on losses across sectors

Reuters Us Markets - Wed, 12/28/2016 - 12:52
* Indexes down: Dow 0.26 pct, S&P 0.58 pct, Nasdaq 0.62 pct (Updates to early afternoon)

U.S. shale companies to boost spending as banks loosen purse strings

Top Reuters News - Wed, 12/28/2016 - 12:49
(Reuters) - U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years.

U.S. fund investors cheer stocks at year's end

Reuters Us Markets - Wed, 12/28/2016 - 12:43
By Trevor Hunnicutt Dec 28 (Reuters) - Investors' enthusiasm for equities and corporate bonds showed little sign of waning during the latest week, with funds in both categories scooping up more...

UPDATE 1-Takata could pay up to $1 bln to settle U.S. criminal probe - WSJ

Reuters Us Markets - Wed, 12/28/2016 - 12:41
Dec 28 (Reuters) - Japan's Takata Corp is nearing a settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its...

UPDATE 1-China's central bank denies yuan broke 7.0000/dollar on Dec. 28: microblog

Reuters Us Markets - Wed, 12/28/2016 - 12:40
BEIJING, Dec 29 (Reuters) - China's central bank on Wednesday rejected a media report that the yuan had weakened beyond the 7.0000 per dollar level in the onshore market on Dec. 28, calling the...

Trump to unveil 'positive' economic move for U.S. workers: spokesman

Top Reuters News - Wed, 12/28/2016 - 12:40
PALM BEACH, Fla. (Reuters) - U.S. President-elect Donald Trump plans to make an announcement related to the economy on Wednesday afternoon, his transition team said, adding it would be a boost to workers but giving no other details.

BRIEF-Retailer Kate Spade is exploring a sale - CNBC citing DJ

Reuters Us Markets - Wed, 12/28/2016 - 12:38
* Retailer Kate Spade is exploring a sale and is working with investment banks to sound out possible acquirers - CNBC citing DJ Further company coverage:

OCC submits rule to curb U.S. banks dealing in industrial metals

Reuters Us Markets - Wed, 12/28/2016 - 12:27
Dec 28 (Reuters) - The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit U.S. national banks and federal savings...

GLOBAL MARKETS-Dollar, crude rise; Wall St lower on housing data

Reuters Us Markets - Wed, 12/28/2016 - 12:26
* Crude oil holds gains as expected supply cut looms (Updates prices, changes byline from previous LONDON)

BRIEF-Stone Energy says amended existing joint prepackaged plan of reorganization

Reuters Us Markets - Wed, 12/28/2016 - 12:25
* Amended existing plan, filed second amended joint prepackaged plan of reorganization of co, debtor affiliates under Chapter 11

U.S. shale companies to boost spending as banks loosen purse strings

Reuters Us Markets - Wed, 12/28/2016 - 12:17
Dec 28 (Reuters) - U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years.

Turkey and Russia have ceasefire plan for Syria, says Ankara

Top Reuters News - Wed, 12/28/2016 - 10:23
ANKARA/BEIRUT (Reuters) - Turkey and Russia have prepared an agreement for a ceasefire in Syria, Turkey's foreign minister said on Wednesday, adding Ankara would not budge on its opposition to President Bashar al-Assad staying on as leader.

BRIEF-FourWorld Capital asks Flotek Industries to prove benefits of fracking additive CnF

Reuters Us Markets - Wed, 12/28/2016 - 10:19
* Letter asking company to provide real-world data to support benefit of its fracking additive known as CnF

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