Category Archives: Stock Market News

As tax debate heats up, Republicans tweak business interest plan By Reuters

© Reuters. Brady sits for an interview with Reuters journalists in Washington By David Morgan WASHINGTON (Reuters) – Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday. A top U.S. Republican on tax policy acknowledged that modifications are in the works, but did not provide details. The debt interest proposal, long seen by Republican policymakers as necessary to help drive economic growth, is backed by […]

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Twice-convicted ex-Jefferies trader faces prison after losing bail request By Reuters

© Reuters. Former Jefferies Group bond trader Jesse Litvak walks away from U.S. District Court after his sentencing for defrauding customers on bond prices in New Haven By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday rejected former Jefferies Group mortgage bond trader Jesse Litvak’s request to stay out of prison while he appeals his second conviction and two-year sentence for defrauding customers on bond prices. The order by the 2nd U.S. Circuit Court of Appeals in Manhattan likely means Litvak, 42, will […]

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Kirkland’s shares surge as quarterly results surpass expectations By Investing.com

© Reuters. Kirkland’s shares surge as quarterly results surpass expectations Investing.com – Shares of Kirkland’s Inc (NASDAQ:)soared on Tuesday after the company released results that just topped estimates and announced a $10 million stock repurchase plan. Kirkland’s lost $0.24 per share in the recent quarter on revenue of $131.58 million. Analysts were looking for a loss of $0.29 per share on revenue of $131.68 million. The specialty retailer’s comparable sales increased 1.2%. “Sales were driven by better trends in existing stores, new store productivity, and continued momentum […]

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Chevron CEO John Watson to step down: WSJ By Reuters

© Reuters. FILE PHOTO: John Watson, Chevron’s chairman and CEO, speaks during an interview on the floor of the NYSE in New York (Reuters) – Chevron Corp (N:) Chief Executive John Watson is stepping down from his post atop the nation’s second-largest oil company, according to a report from the Wall Street Journal. A successor for Watson, 60, who has been the company’s chairman and chief executive since 2010, has not been formally approved by the company’s board. A leading candidate is Michael Wirth, 56, Chevron’s vice […]

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The future for Nike, Adidas, and Sports Apparel By Investing.com

Investing.com – Once beloved by growth investors worldwide, the sport apparel industry has hit a rough patch. Foot Locker (NYSE:), a barometer of the industry, reported on Friday its first comparable sales decline in 7 years.In the conference call, Richard Johnson, Foot Locker’s Chairman and CEO, called out the underperformance of Jordans and Adidas (DE:) in the quarter.Right now, the biggest problem for the industry is the limited availability of innovative new products in the market.Consumers are always after the latest and greatest – and the industry […]

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Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore By Reuters

© Reuters. Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore By Aradhana Aravindan SINGAPORE (Reuters) – Seven major drinks companies including Coca-Cola and PepsiCo (NYSE:) will limit the sugar content of drinks they sell in Singapore, as part of the city-state’s campaign to fight diabetes. Singapore is one of the first countries in Asia to target sugary drinks, bringing it in line with many Western nations that have sought to mitigate the health risks associated with sugar through measures such as taxes and […]

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European stocks break three-day losing streak By Reuters

© Reuters. A worker shelters from the rain as he passes the London Stock Exchange in London By Abhinav Ramnarayan LONDON (Reuters) – European stocks broke a three-day losing streak on Tuesday, building on gains in other markets boosted by signs of a global economic recovery and rising commodity prices. Gains for heavyweight miners boosted European shares after strong commodities prices steadied Asian markets earlier in the session. London rose to a three-year high while zinc held close to its highest level in a decade and nickel […]

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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.64% By Investing.com

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.64% Investing.com – Taiwan stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher. At the close in Taiwan, the rose 0.64%. The best performers of the session on the were Genius Electronic Optical Co Ltd (TW:), which rose 10.00% or 37.00 points to trade at 407.00 at the close. Meanwhile, China General Plastics Corp (TW:) added 10.00% or 3.30 points to end at 36.30 and Coxon Precise Industrial […]

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Asian shares mostly gain with geopolitical concerns in the background By Investing.com

© Reuters. Asian shares mostly gain Investing.com – Asian shares mostly gained on Tuesday with geopolitical news dominating headlines as President Donald Trump confirmed plans to stay in Afghanistan with a tougher and more pragmatic approach on costs and benefits and expected help from partners such as Pakistan. In Japan, the rose 0.07%, while across the Korean Strait, the Kospi climbed 0.35% shrugging off jitters seen in the Monday session when U.S.-South Korea military drills began. Down Under, the benchmark rose 0.12%. Mner and energy firm BHP […]

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Asian shares edge up, bolstered by modest gains on Wall Street By Reuters

© Reuters. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo By Lisa Twaronite TOKYO (Reuters) – Asian shares edged higher on Tuesday, taking solace from modest gains on Wall Street even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan () edged up 0.1 percent. South Korean shares () added 0.5 percent, despite lingering worries about tensions on the Korean peninsula. Te country’s forces […]

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