Friday
February 5 2016
1:54 PM
Oregon State Media Online School of Journalism The Oregon Herald
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NYSE's July 8 halt pushed trading to other exchanges: U.S. SEC

Thursday February 4, 2016    8:28 AM

Trading halted at 11:32 a.m., raising fears that one of the world's largest stock exchanges had fallen prey to a cyber attack. Officials said a technical glitch caused the three-hour, 38-minute break. In looking into the event, the SEC, the top U.S. securities regulator, found "total trading volume in NYSE-listed corporate stocks on July 8 was well within the range of observed trading volume in the first seven months of 2015."&quo ... Full Story

Dow, S&P 500 rally with energy; Alphabet drops

Thursday February 4, 2016    8:28 AM

(Reuters) - U.S. stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.The Nasdaq stayed weaker but ended well off the day's lows.Oil prices <LCOc1> <CLc1> snapped a two-day rout as investors to ... Full Story

S&P cuts Glencore's credit rating, outlook stable

Thursday February 4, 2016    8:28 AM

(Reuters) - Standard & Poor's downgraded commodities trader and miner Glencore's credit rating on Thursday, citing a slump in commodities prices and uncertainty about metals demand. S&P cut Glencore's credit ratings to BBB-/A-3 from BBB/A-2, with a stable outlook. ... Full Story

Lowe's-Rona deal the latest in long run of foreign purchases

Wednesday February 3, 2016    11:54 AM

Canada's cheap dollar stood at 72 cents US Wednesday morning, up from as low as 68.7 cents in January. Mooresville, N.C.-based Lowe's stock closed Tuesday at $71.87 US on the New York Stock Exchange. On Wednesday, Lowe's and Rona said each company's board of direct ... Full Story

South Africa's Barloworld Q1 earnings hurt by low equipment demand

Wednesday February 3, 2016    11:54 AM

JOHANNESBURG (Reuters) - South Africa's Barloworld said a decline in mining equipment demand has affected its business negatively, sending its shares down 7 percent. Barloworld, the biggest dealer of Caterpillar mining trucks in Southern Africa, said trade in equipment over ... Full Story

Yahoo to cut 15 pct jobs, close several units - WSJ

Tuesday February 2, 2016    9:39 AM

The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. (http://on.wsj.com/1Tx30jF) It did not specify which business units might be closed. A Yahoo spokeswoman said the co ... Full Story

Stocks cautious after rocky China data, oil wobbles

Monday February 1, 2016    8:09 AM

LONDON (Reuters) - Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world's top central banks were validated by fresh signs of weak global growth. European stocks <.FTEU3> extended losses before the U.S. open, after disappointing ... Full Story

Dow, S&P 500 rally with energy; Nasdaq dips

Thursday February 4, 2016    8:28 AM

The Nasdaq stayed weaker but ended well off the day's lows. Oil prices snapped a two-day rout as after investors took advantage of a weaker U.S. dollar. Comments by Russia's foreign minister reignited hopes of a deal among oil producers to trim output. The energy index <.SPNY> jumped 4 percent. "Oil helped turn around the overall market. The market shot up like an arrow and then what you had was a lot of short covers," said Robert Pavlik, chief market strategist a ... Full Story

London 'flash crash' accused trader to fight U.S. extradition

Thursday February 4, 2016    8:28 AM

LONDON (Reuters) - The London-based trader accused by U.S. authorities of helping to cause the 2010 Wall Street "flash crash" by spoofing the markets appears in court on Thursday to try to block his extradition to the United States. Navinder Sarao, 37, arrested ... Full Story

U.S. accuses London trader of helping cause 2010 'flash crash'

Thursday February 4, 2016    8:28 AM

LONDON (Reuters) - A London-based trader's market manipulation helped cause the 2010 Wall Street "flash crash" which netted him some $878,000 profit, a prosecutor for U.S authorities seeking his extradition said on Thursday. Navinder Sarao, arrested by Bri ... Full Story

European shares dented by weak earnings but Syngenta surges on deal

Wednesday February 3, 2016    11:54 AM

LONDON (Reuters) - European shares fell on Wednesday, as weak earnings from some leading companies weighed on markets, although Syngenta surged after ChemChina agreed on a $43 billion bid for the Swiss seeds and pesticides group. The pan-European FTSEurofirst 300 index, which fell 2 percent in the previous session, fell 0.6 percent in early session trading. The euro zone's blue-chip Euro STOXX 50 index fell 0.8 percent, Britain's FTSE 100 declined 0.5 percent while Germany's DAX fell 1 percent. Finnish state-controlled utility Fortum slumped 8.9 percent after posting a larger-than-expected drop in fourth-quarter earnings, while Dutch telecoms group KPN also fell after reporting worse- ... Full Story

Wall Street opens lower as oil prices continue to weigh

Tuesday February 2, 2016    9:39 AM

REUTERS - Wall Street was sharply lower on Tuesday as falling oil prices heightened concerns regarding the health of the global economy and investors sought safer investments. Brent oil fell more than 5 percent, while U.S. crude briefly slid below $30 per barrel, as h ... Full Story

Wall Street ends little changed after late rally

Monday February 1, 2016    10:16 PM

NEW YORK (Reuters) - U.S. stocks ended flat on Monday after a late-day rebound, helped by strong gains in Facebook and Alphabet . The Dow Jones industrial average <.DJI> fell 17.46 points, or 0.11 percent, to 16,448.84, the S&P 500 <.SPX> lost 0.98 points, or 0.0 ... Full Story

Global stocks cautious after rocky China data, oil wobbles

Monday February 1, 2016    8:09 AM

LONDON (Reuters) - Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world's top central banks were validated by fresh signs of weak global growth. European stocks <.FTEU3> ... Full Story

European shares slip with Wall Street, but London firm

Thursday February 4, 2016    8:28 AM

At around 1445 GMT, London's benchmark FTSE 100 index stood out from the crowd at 0.57 percent higher, while Frankfurt shares were down 1.02 percent followed by Paris at 0.66 percent lower. European markets rebounded in earlier trading after tumbling on Wednesday, highlighting the recent volatility.Shares in the US were down at opening, slipping slightly, while Asian stock markets mostly rallied in earlier trade Thursday.As widel ... Full Story

Rising U.S. layoffs point to ebbing labor market momentum

Thursday February 4, 2016    8:28 AM

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment weakness we ... Full Story

U.S. jobs market signals loss of momentum; productivity plunges

Thursday February 4, 2016    8:28 AM

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment weakness we ... Full Story

Wall Street pares losses as oil rally boosts energy stocks

Wednesday February 3, 2016    11:54 AM

REUTERS - U.S. stocks pared some of their losses in early afternoon trading on Wednesday as energy and materials stocks rose, driven by a 6 percent rally in crude oil prices. Oil rose after investors took advantage of an earlier weakness in prices and a drop in the U.S. d ... Full Story

Mining giant BHP's credit rating cut on low commodity prices: S&P

Tuesday February 2, 2016    9:39 AM

The decision comes as miners around the world are buffeted by an income slump, with the cost of key materials such as oil, iron ore, copper and aluminium at multi-year lows owing to a global economic slowdown, most painfully in key customer China.Iron ore, Australia's largest export, has seen i ... Full Story

Aetna tops 4Q expectations, but 2016 outlook falls short

Monday February 1, 2016    10:16 PM

The nation's third largest health insurer said Monday it expects adjusted earnings of at least $7.75 per share in the new year. Analysts had been looking for per-share earnings $8.05, according to a poll by the data firm FactSet.Aetna recorded adjusted earnings of $7.71 per share in 2015. The ... Full Story

Wall Street starts Feb in the red after weak Chinese data

Monday February 1, 2016    8:09 AM

REUTERS - U.S. stocks opened lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and oil prices resumed their downward spiral. The data from China showed that the world's second-largest econ ... Full Story
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