Category Archives: Stock Market News

South Korean firms woo China’s Singles Day shoppers as detente boosts hopes By Reuters

© Reuters. FILE PHOTO: Chinese tourists ask a sales assistant for directions at a Lotte department store in Seoul By Joyce Lee and Haejin Choi SEOUL (Reuters) – South Korean companies, after all but giving up on marketing in China during a diplomatic spat this year, are rolling out major promotions for Saturday’s Singles Day shopping extravaganza, hoping Chinese consumers – and their big bucks – will return. South Korean businesses from cosmetics firms to casinos and duty free stores were hit hard after China unofficially banned […]

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Equifax, reeling from breach, to release earnings Thursday By Reuters

© Reuters. FILE PHOTO: Credit reporting company Equifax Inc. offices are pictured in Atlanta (Reuters) – Equifax Inc (N:) said it will release quarterly earnings on Thursday afternoon, its first earnings release since the September disclosure of a massive breach that prompted multiple government probes and the departure of its chief executive. The credit-monitoring bureau said on Wednesday it would hold a conference call on Friday, which will give Wall Street analysts their first public forum to grill the company about the financial impact of the breach. […]

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Illinois gets bond proceeds, transparency act for bill backlog By Reuters

© Reuters. Illinois gets bond proceeds, transparency act for bill backlog CHICAGO (Reuters) – Illinois began tackling its $16.7 billion backlog of unpaid bills on Wednesday as it received recent bond sale proceeds and enacted a law requiring more frequent spending reports by state agencies. In October, Illinois sold $6 billion of general obligation bonds to help pay off the backlog. State Comptroller Susana Mendoza said her office would prioritize the payment of bills eligible for federal matching funds in order to maximize revenue. “These payments will […]

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Brazil stocks higher at close of trade; Bovespa up 2.69% By Investing.com

© Reuters. Brazil stocks higher at close of trade; Bovespa up 2.69% Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Sao Paulo, the rose 2.69%. The best performers of the session on the were Marfrig Alimentos SA (SA:), which rose 11.02% or 0.66 points to trade at 6.65 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais (SA:) added 8.02% or 0.65 points to end at 8.75 and Estacio Participacoes […]

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German court rules independent auditor should investigate VW scandal By Reuters

© Reuters. A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California BERLIN (Reuters) – Investors seeking billions of dollars in damages from Volkswagen (DE:) were given a boost on Wednesday when a German court ruled an independent auditor should be appointed to investigate the carmaker’s emissions scandal. Volkswagen’s (VW) main shareholders, the Porsche-Piech families and the state of Lower Saxony, had blocked requests by the DSW and SdK investor lobby groups for a special auditor to look into its cheating of U.S. diesel engine tests. […]

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CEO to Reuters By Reuters

© Reuters. FILE PHOTO – Marchetti, CEO of online clothing retailer Yoox Net-A-Porter speaks during a news conference at the unveiling of the company Tech Hub premises at White City in London Britain By Giulia Segreti and Claudia Cristoferi MILAN (Reuters) – Revenue at Yoox Net-a-Porter (YNAP) (MI:) this year will grow in the lower part of the expected 17-20 percent range due to logistics delays at one of its website, the online luxury retailer’s chief executive said on Wednesday. Federico Marchetti said the transfer of products […]

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Exclusive: Takata creditors seek $30 billion, far more than it can pay

© Reuters. FILE PHOTO: A woman stands next to a logo of Takata Corp at a showroom for vehicles in Tokyo By Maki Shiraki TOKYO (Reuters) – Creditors of bankrupt Takata Corp say the parts maker owes them more than $30 billion after the automotive industry’s biggest recall over its faulty air bags – many times more than the company can repay, a court filing seen by Reuters shows. In the biggest bankruptcy of a Japanese manufacturer, Takata sought court protection from creditors in June as costs […]

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Apple planning AR headset for 2020 By Seeking Alpha

Bloomberg: Apple planning AR headset for 2020 By Seeking Alpha ‘; Stock Markets16 minutes ago (Nov 08, 2017 09:49AM ET) © Reuters. Bloomberg: Apple planning AR headset for 2020 Apple (NASDAQ:) plans to have an augmented reality headset ready in 2019 and shipping as early as the following year, according to Bloomberg. Apple’s untethered headset would have a newly designed chip and operating system, according to Bloomberg’s sources, though those details could change. The in-house chip would have a similar design to what’s currently in […]

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U.S. regulator says time to review mixing banking with other businesses By Reuters

© Reuters. U.S. regulator says time to review mixing banking with other businesses By Michelle Price WASHINGTON (Reuters) – U.S. regulations that bar companies such as Wal-Mart Stores Inc (N:) from providing banking services need to be reviewed as they reduce competition thereby concentrating more risk among a smaller number of banks, a U.S. banking regulator said on Wednesday. At a banking conference in New York, acting Comptroller of the Currency (OCC) Keith Noreika urged in prepared remarks the resumption of debate over whether it was safe […]

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Stock futures slightly lower as investors track progress on tax bill By Reuters

© Reuters. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York By Tanya Agrawal (Reuters) – U.S. stock index futures were slightly lower on Wednesday, a day after the closed at a record high for the fourth straight day, as investors closely watch Republican efforts to pass the tax bill. * Shares of Snapchat operator Snap (N:) were down 7.2 percent in choppy premarket trading after China’s Tencent took a 12 percent stake. The stock had fallen […]

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