November 27 2015
2:00 AM
Oregon State Media Online School of Journalism The Oregon Herald
Stock Markets

Big banks accused of interest rate-swap fixing in U.S. class action suit

Thursday November 26, 2015    4:25 AM

NEW YORK (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Streets biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps.The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank ... Full Story

US Takata employees warned of airbag issues: report

Wednesday November 25, 2015    7:55 AM

New York (AFP) - Employees at crisis-hit Takata, which was fined earlier this month in the United States for providing inaccurate information on airbag safety devices, warned of evasive practices as early as 2000, the Wall Street Journal reported.The auto parts maker is at the heart of a vast inter ... Full Story

Asian shares, dollar rise on expectations of US rate increase

Monday November 23, 2015    12:55 AM

US stocks capped their best week this year on Friday as investors digested growing signs the Federal Reserve thinks the world's top economy is srong enough to handle a rate rise next month.The prospect of the first increase for almost a decade boosted the greenback, but dragged down raw materi ... Full Story

Dollar dips in Asia as stock markets extend gains

Friday November 20, 2015    11:00 AM

The upbeat performance was a far cry from the start of the week, which was overshadowed by the deadly Paris attacks last Friday, which raised fears about security in Europe and its effect on the economy.Minutes Wednesday showing Federal Reserve policymakers are confident the US economy is strong eno ... Full Story

Abercrombie In Fashion As Results Lift Shares

Friday November 20, 2015    11:00 AM

The preppy fashion label has struggled to cope with changing consumer tastes and competition from upstart rivals such as H&M and Zara in recent years, and sales have fallen for 11 quarters in a row. But it has hired designers from the likes of Ralph Lauren and Tommy Hilfiger to help breathe new li ... Full Story

Wall Street edges down; healthcare sinks and Intel climbs

Thursday November 19, 2015    8:16 PM

(Reuters) - Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in December. A profit warning by UnitedHealth led to a 5.65 percent drop in its stock, maki ... Full Story

U.S. pursuing criminal cases against RBS, JPMorgan executives: WSJ

Wednesday November 18, 2015    9:55 AM

(Reuters) - Federal prosecutors are pursuing criminal cases against executives from the Royal Bank of Scotland Group and JPMorgan Chase & Co for allegedly selling flawed mortgage securities, the Wall Street Journal reported on Tuesday, citing unnamed sources. People familiar with the probes said officials were trying to determine wh ... Full Story

Miners help FTSE to edge higher, BHP slips

Thursday November 26, 2015    3:55 AM

LONDON (Reuters) - Britain's top share index edged higher in early trade on Thursday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader stock market. The UK mining index <.FTNMX1770> rose 1 percent, the top sectoral gainer, after nickel prices rose sharply on supply concerns. Prices of other industrial metals such as copper and aluminium were also strong. Shares in Anglo American , Glencore , Fresnillo and Antofagasta rose 1.8 to 4.0 percent, ... Full Story

China securities body finds $166 billion error in CITIC Sec reports

Wednesday November 25, 2015    4:55 AM

BEIJING (Reuters) - CITIC Securities Co <600030.SS>, China's biggest brokerage, overstated some of its financial derivatives by more than 1 trillion yuan ($166 billion) in monthly reports from April to September, the country's securities association said. The Securities Associati ... Full Story

Endangered species on Wall Street: The stock split

Friday November 20, 2015    11:01 AM

NEW YORK (Reuters) - The U.S. stock market has more than tripled in value since its March 2009 lows but stock splits, a tool favored by company management in prior boom times, have yet to make a comeback. Stock splits are a way for management teams to tempt retail investors to buy a "hot&qu ... Full Story

ABN Amro Returns To Amsterdam Stock Market

Friday November 20, 2015    11:00 AM

The largest flotation of a European bank since the financial crisis has taken place, as the Dutch taxpayer aims to recoup some of the estimated �32bn spent on the bailout of ABN Amro. The first sale of stock by the Dutch government raised �3.3bn - with 188 million shares sold  - valuing the bank at almost �17bn (£11.8bn). It means a fifth of the bank is now back in private hands and further sales are set to be completed in the coming months. The stock started trading above its listing price at �18-per share in conditional dealing. The Bank's name is familiar in Britain because the purchase of ABN in 2007 proved disastrous for Royal Bank of Scotland - ultimately sealing its own need for a bailout the following year. T ... Full Story

S&P set for best week in a year; consumer stocks rise

Friday November 20, 2015    11:00 AM

(Reuters) - U.S. stocks added to their gains in early afternoon trading on Friday, with the S&P 500 on track for its best week since last October, as healthcare and consumer stocks rose.The Dow Jones industrial average turned positive for the year, led by a 4.8 percent rise in Nike <NKE.N ... Full Story

Hip to be Square? Not for this IPO

Thursday November 19, 2015    5:55 AM

SAN FRANCISCO (Reuters) - Square Inc priced shares at $9 for its initial public offering, about 25 percent less than it had hoped, as it struggled to win over investors skeptical about its business and valuation before trading begins on Thursday. The mobile payments compa ... Full Story

Nationwide hires BT Openreach boss as chief executive

Monday November 16, 2015    9:25 AM

LONDON (Reuters) - British mortgage lender Nationwide named former HSBC banker Joe Garner as chief executive on Monday, as the customer-owned group looks to take advantage of restructuring among the big stock market-listed banks who are its main competition. ... Full Story

Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent

Wednesday November 25, 2015    8:25 AM

NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in so ... Full Story

S&P cuts Samarco credit rating after Brazil mine disaster

Tuesday November 24, 2015    8:55 AM

BRASILIA (Reuters) - Standard & Poor's cut Brazilian miner Samarco Mineracao SA's debt rating further into speculative territory on Monday as the deadly dam disaster compromises the finances of the joint venture owned by BHP Billiton and Vale SA . S&P cut Samarco's global ... Full Story

Wall St higher as healthcare, consumer stocks rise

Friday November 20, 2015    11:00 AM

REUTERS - Wall Street added to its gains in late morning trading on Friday, with the S&P 500 on track for its best week in a year, as healthcare and consumer stocks rose. The Dow Jones industrial average turned positive for the year, led by a 4.6 percent rise in Nike whic ... Full Story

KKR Gatecrashes £1.1bn Cannes Lions Auction

Friday November 20, 2015    11:00 AM

Sky News has learnt that KKR has in recent days tabled an offer for Top Right Group (TRG) to rival a proposal submitted by its fierce competitor Blackstone. The entrance of KKR, which has owned prominent UK companies such as Boots and Pets at Home, will give TRG's owners - Apax Partner ... Full Story

Tech IPOs soar in New York; European markets gain

Thursday November 19, 2015    8:16 PM

Mobile payments startup Square vaulted 45.2 percent in its first session after an initial public offering raised $243 million. Match Group, which operates dating apps Tinder and OK Cupid, bolted 22.8 percent higher after an IPO raised $400 million.But the positive charge from the Wall Street newbi ... Full Story

Tencent's WeBank looking to raise $1 billion in funding round - source

Wednesday November 18, 2015    11:25 AM

HONG KONG (Reuters) - WeBank, the online finance arm of Chinese tech firm Tencent Holdings Ltd <0700.HK>, is looking to raise about $1 billion to expand its lending business and other financial services, a person with knowledge of the matter said on Wednesday. WeBank ... Full Story

China to double deposit for stock margin trading: exchange

Friday November 13, 2015    12:46 PM

Both the Shanghai and Shenzhen stock exchanges will increase the minimum requirement for margin trading to 100 percent from 50 percent, the Shanghai bourse said on its official microblog. That means investors must have the same level of funds in their accounts as the amount they want to borrow.Marg ... Full Story
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