Breaking Stock Market and Financial News

GE's dividend yield stays above the Dow, industrial peers

MarketWatch Market Pulse - Mon, 11/13/2017 - 07:03

General Electric Co.'s stock surged 2% in premarket trade Monday, after the dividend cut announced earlier kept its dividend yield above its peers and the broader market. At the new quarterly dividend rate of 12 cents a share, and based on Friday's stock closing price of $20.49, the new annual dividend rate implies a yield of 2.34%. That's above the implied yield for the SPDR Industrial Select Sector ETF of 1.86% and for the Dow Jones Industrial Average of 2.19%. GE is hosting an investor meeting Monday, in which the company is expected to announce a new business focus. The dividend cut was expected. GE's stock has tumbled 35.2% year to date through Friday, while the industrial ETF has climbed 14.2% and the Dow has run up 18.5%.

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Human rights skirted at Asia summit as Trump rounds off tour

Top Reuters News - Mon, 11/13/2017 - 06:41
MANILA (Reuters) - Leaders of Asian nations meeting in Manila on Monday skirted around the mass exodus of Rohingya Muslims triggered by Myanmar's military crackdown, disappointing human rights groups who were hoping for a tough stand on the humanitarian crisis.

Trump and Duterte bond at Asia summit; U.S. says rights mentioned briefly

Top Reuters News - Mon, 11/13/2017 - 06:08
MANILA (Reuters) - U.S. President Donald Trump said on Monday he had a "great relationship" with his Philippine counterpart, Rodrigo Duterte, while a White House official said human rights got only a brief mention when the two met on the sidelines of an Asian summit.

Strong earthquake hits Iraq and Iran, killing more than 300

Top Reuters News - Mon, 11/13/2017 - 05:44
BAGHDAD/ANKARA (Reuters) - More than 300 people were killed in Iran when a magnitude 7.3 earthquake jolted the country on Sunday, state media said, and rescuers were searching for dozens trapped under rubble in the mountainous area. At least six have died in Iraq as well.

Mattel's stock up 22% premarket following report of Hasbro offer

MarketWatch Market Pulse - Mon, 11/13/2017 - 05:31

Shares in Mattel Inc. traded 22% higher in premarket action Monday in the wake of a report late Friday that rival toymaker Hasbro Inc. has made a takeover offer. A Wall Street Journal report on Friday revealed Hasbro's approach to Mattel, saying terms of a potential deal couldn't be learned. Hasbro's stock was not yet active in premarket trading.

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Iran says it does not interfere in Lebanese state affairs: TV

Top Reuters News - Mon, 11/13/2017 - 04:27
ANKARA (Reuters) - Iran said on Monday that it does not interfere in Lebanon and that comments on Sunday by Saad al-Hariri, who resigned as Lebanese prime minister nine days ago, gave hope he would soon return to his country, state TV reported.

Iran says does not interfere in Lebanese state affairs: TV

Top Reuters News - Mon, 11/13/2017 - 04:22
ANKARA (Reuters) - Iran said on Monday that it does not interfere in Lebanon and that comments on Sunday by Saad al-Hariri, who resigned as Lebanese prime minister on Saudi TV nine days ago, gave hope he would soon return to his country, state TV reported.

EU to sign defense pact, may allow limited British role

Top Reuters News - Mon, 11/13/2017 - 04:09
BRUSSELS (Reuters) - France, Germany and 20 other EU governments are set to sign a defense pact on Monday they hope marks a new era of European military integration to cement unity after Britain's decision to quit the bloc.

Southeast Asia not taking South China Sea thaw for granted: summit draft

Top Reuters News - Mon, 11/13/2017 - 03:54
MANILA (Reuters) - Southeast Asian nations will not take a relative calm in the dispute over the South China Sea for granted, according to a draft of a statement to be issued during a summit meeting in Manila on Monday.

Strong earthquake hits Iraq and Iran, killing at least 332

Top Reuters News - Mon, 11/13/2017 - 03:46
BAGHDAD/ANKARA (Reuters) - At least 332 people were killed in Iran and Iraq when a magnitude 7.3 earthquake jolted the region on Sunday, state media in the two countries said, and rescuers were searching for dozens trapped under rubble in the mountainous area.

Trump says has 'great relationship' with Duterte; brief mention of rights

Top Reuters News - Mon, 11/13/2017 - 03:35
MANILA (Reuters) - U.S. President Donald Trump said on Monday he had a "great relationship" with his Philippine counterpart, Rodrigo Duterte, while a White House official said human rights got only a brief mention when the two met on the sidelines of an Asian summit.

North Korean soldier, shot and wounded, 'defects to South'

Top Reuters News - Mon, 11/13/2017 - 03:01
SEOUL (Reuters) - A North Korean soldier defected to the South on Monday after being shot and wounded by the North Korean military, the South Korean military said.

A year after Trump's election, coal's future remains bleak

Top Reuters News - Mon, 11/13/2017 - 01:15
WASHINGTON (Reuters) - A year after Donald Trump was elected president on a promise to revive the ailing U.S. coal industry, the sector’s long-term prospects for growth and hiring remain as bleak as ever.

Strong earthquake hits Iraq and Iran, killing at least 168

Top Reuters News - Mon, 11/13/2017 - 00:59
BAGHDAD/ANKARA (Reuters) - At least 168 people were killed in Iraq and Iran on Sunday when a powerful magnitude 7.3 earthquake hit the region, state media in the two countries said, as rescuers searched for dozens trapped under rubble.

Trump vaunts trade progress, red carpets on 'fruitful' Asia trip

Top Reuters News - Mon, 11/13/2017 - 00:29
MANILA (Reuters) - U.S. President Donald Trump said on Monday he had made significant progress on trade issues during a fruitful trip across Asia that saw governments roll out red carpets "like nobody has ever seen".

Trump teases trade announcement to be announced Wednesday

MarketWatch Market Pulse - Sun, 11/12/2017 - 23:39

Speaking from the Philippines, President Donald Trump on Sunday night teased a "major statement" on trade that he said he'll make Wednesday in Washington. "A lot of things are happening on trade and I'll be announcing pretty much what happened here and also with other meetings, including with China, South Korea and lots of other places," Trump said from Manila, the site of the Association of Southeast Asian Nations summit. "We've made some very big steps with respect to trade, far bigger than anything you know," Trump said, according to pool reports. Trump is winding up a 13-day Asian trip, and made the comments before a meeting with Australia's Prime Minister Malcolm Turnbull and Japanese Prime Minister Shinzo Abe. Trump did not offer any other details as to what might be announced.

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Magnitude 6.5 quake rattles Costa Rica

MarketWatch Market Pulse - Sun, 11/12/2017 - 23:07

Costa Rica was rocked by a magnitude 6.5 earthquake Sunday night. The U.S. Geological Survey said the quake was centered just off the Central American country's lightly populated Pacific coast near the city of Parrita. The quake was reportedly felt in the capital, San Jose, about 60 miles away. Costa Rica's Public Safety Ministry reported at least two serious injuries, the Associated Press reported. While power was knocked out in some areas, there were no immediate reports of damage to structures. Earlier Sunday, a magnitude 7.2 quake struck the Iran-Iraq border, killing more than 140.

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Southeast Asian nations not taking South China Sea thaw for granted: draft

Top Reuters News - Sun, 11/12/2017 - 21:43
MANILA (Reuters) - Southeast Asian nations will not take a relative calm in the dispute over the South China Sea for granted, according to a draft of a statement to be issued during a summit meeting in Manila on Monday.

'Supergirl,' 'Arrow' producer suspended after sexual harassment claims

MarketWatch Market Pulse - Sun, 11/12/2017 - 21:37

Warner Bros. TV Group has suspended a prominent producer of its popular superhero shows over allegations of sexual harassment. Andrew Kreisberg, co-creator of the CW shows "The Flash," "Supergirl," "Arrow" and "DC's Legends of Tomorrow" harassed and inappropriately touched women over a number of years, according to a report Friday night by Variety. Warner Bros. TV Group, a unit of Time Warner Inc. , said in a statement it is taking the claims seriously and conducting an investigation. The Variety report was based on 19 sources, who remained anonymous out of fear of retaliation. Kreisberg denied the allegations to Variety.

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Exclusive: $6 for 38 days work: Child exploitation rife in Rohingya camps

Top Reuters News - Sun, 11/12/2017 - 21:15
COX'S BAZAR/KUTUPALONG, Bangladesh (Reuters) - Rohingya refugee children from Myanmar are working punishing hours for paltry pay in Bangladesh, with some suffering beatings and sexual assault, the International Organisation for Migration (IOM) has found.

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