Sun, Jul 13, 2014, 7:14 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Financial News from Reuters

  • An Airbus Industrie A380 aircraft stands parked at the 2014 Farnborough International Airshow in Farnborough, southern England

    Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry sources said, deepening a contest with Boeing for up to $250 billion of orders at the core of the long-haul jet market. Airbus Group (AIR.PA) declined to comment. The upgraded A330 is Airbus’s attempt …

  • Mindy Grossman, the chief executive of HSN Inc, considered but turned down an opportunity to become JCPenney Co's next chief executive, the Wall Street Journal said on Sunday, citing people familiar with the matter. Talks with Grossman, who runs the Home Shopping Network, had progressed to an advanced stage but broke down …

  • Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry sources said, deepening a contest with Boeing for up to $250 billion of orders at the core of the long-haul jet market. Airbus Group declined to comment. The upgraded A330 is Airbus's attempt to prolong …

  • Volker, chairman of the board and CEO of Whiting Petroleum Corporation, speaks during an OGIS' conference in New York

    "It's going to allow our production at the combined company to grow faster than Whiting standalone did before," Whiting Chief Executive James Volker said in an interview. Whiting said the deal, valued at $6 billion when Kodiak's net debt of $2.2 billion is included, is expected to close in the fourth quarter. Whiting's …

  • Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc. By surpassing Continental, Whiting is signaling its desire to become the preeminent player …

  • * June WPI seen at 5.80 pct y/y, CPI 7.95 pct v/s 8.28 pct -poll * Analyst expects central bank to hold rates NEW DELHI, July 14 (Reuters) - India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central …

  • A worker arrives at his office in the Canary Wharf business district in London

    Justice Department staff have flown to Britain in recent weeks to interview foreign exchange traders and offer them partial immunity, or "proffer agreements", in exchange for information about superiors, the FT said, citing people familiar with the situation. A senior lawyer said the DOJ probe was "well-advanced", the …

  • Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion to acquire engineering and construction services firm URS Corp . AECOM in a news release said it would pay $56.31 a share in cash and stock for URS. Including the assumption of URS debt, the total enterprise value of the deal is …

  • Citigroup logo is pictured from the floor of the New York Stock Exchange

    Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said. The $7 billion includes $4 billion in cash to the U.S. Department of Justice, $2.5 billion …

  • * Japanese investors bought 60 pct or more of French debt in May-June * ECB easing seen as "biggest event of the year" for Japanese investors, broker says TOKYO, July 14 (Reuters) - Japanese investors have been buying most of France's government debt recently in a record surge spurred by expectations that Europe faces …

  • * CALG to spend $100 mln IPO proceeds on new aircraft * China plane leasing market seen growing 50 pct by 2018 SINGAPORE/BEIJING, July 11 (Reuters) - As China's aviation market booms, local aircraft leasing companies are raising funds in finance hubs like Hong Kong and Singapore in a bet they can win market share from …

  • Young Australian vintner Nick Glaetzer's winemaking-steeped family thought he was crazy when he abandoned the Barossa Valley - the hot, dry region that is home to the country's world-famous big, brassy shiraz. Trampling over the family's century-old grape-growing roots on the Australian mainland, Glaetzer headed south …

  • * PM frontrunner cool on some privatisations LJUBLJANA, July 13 (Reuters) - Centre-left political novice Miro Cerar led his party to victory in Slovenia's election on Sunday, indicating he would rewrite a reform package agreed with the European Union to fix the euro zone member's depleted finances. The result will test …

  • Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion in cash and stock to acquire URS Corp, an engineering and construction services company, to create a combined company with about $19 billion in annual sales and more than 95,000 employees. AECOM in a news release said it would pay …

  • Airport staff walk under Aeroflot's Moscow-Havana flight aircraft at Havana's Jose Marti International Airport

    Laws preventing airlines from charging for food and baggage - the last obstacles standing in the way of significantly cheaper airfares in Russia - will be lifted soon, the country's largest carrier Aeroflot (AFLT.MM) predicted on Sunday. The Russian government has already revoked laws prohibiting the sale of non-refundable …

  • Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion in cash and stock to acquire URS Corp, an engineering and construction services company, to create a combined company with about $19 billion in annual sales and more than 95,000 employees. AECCOM, in a release, said it would pay …

  • * Engine fan blade broke off * Issue not seen as "fundamental design flaw" (Recasts with information about cause of failure) LONDON, July 13 (Reuters) - The engine failure that has grounded the entire fleet of Lockheed Martin Corp F-35 fighter jets was caused by "excessive" rubbing of fan blades in the plane's Pratt & …

  • CAPE CANAVERAL, Fla. July 13 (Reuters) - - An unmanned Orbital Sciences Corp Antares rocket blasted off from a seaside launch pad in Virginia on Sunday, sending a Cygnus cargo ship on its way to the International Space Station, a NASA Television broadcast showed. The 133-foot-tall (41-meter-tall) rocket lifted off at 12:52 …

  • Bombardier's CSeries aircraft lands after its first test flight in Mirabel, Quebec

    Executives at aircraft engine maker Pratt & Whitney said a fault on the engines for Bombardier's (BBDb.TO) CSeries planes was to do with a seal in the oil system that would require a relatively minor adjustment, and not to do with the low pressure turbine. The company, a division of United Technologies Corp (UTX.N), makes …

  • People use automated teller machines of Portuguese bank Banco Espirito Santo in downtown Lisbon

    Concerns that Portugal’s largest listed bank, Banco Espirito Santo was badly exposed to its owners’ accounting problems raised eyebrows in Europe and the U.S., getting investors to ask whether there were more shoes to drop in European banking. Examples included the halt in trading in the stock of a company, Cynk Technology, …

  • Miro Cerar, whose party was on course to win a parliamentary election in Slovenia on Sunday, said he would strive to meet economic goals agreed with the European Union but that the country would seek its "own ways" of getting there. "Our party will aim for Slovenia to fulfil its EU obligations but within that we will seek …

  • Engine maker Pratt & Whitney unveiled an enhancement to its engine for the Airbus A320neo plane on Sunday that it says will improve fuel burn efficiency by a further 2 percent, stepping up the battle with rival CFM. Pratt, a division of United Technologies Corp, said the new PW1100G-JM engine, dubbed the Advantage, would …

  • LOS ANGELES/NEW YORK, July 13 (Reuters) - "Dawn of the Planet of the Apes," a sequel about highly intelligent apes that battle with humans for dominance, has knocked the giant "Transformers" robots out of the top spot on U.S. and Canadian movie charts. "Transformers: Age of Extinction," a sequel that ruled the box office …

  • U.S. Navy F/A-18 aircraft takes off on the runway of the U.S. Navy aircraft carrier USS George Washington, during a tour of the ship in the South China Sea

    Boeing Co (BA.N) said on Sunday it was optimistic it could maintain production of its F/A-18 and EA-18G fighter jets in St. Louis through the end of 2017 - a year longer than expected - if Congress approved additional orders of a dozen more planes. "I don’t see how we can do that without it costing money and we just don't …

  • Boeing Co said on Sunday it was optimistic it could maintain production of its F/A-18 and EA-18G fighter jets in St. Louis through the end of 2017 - a year longer than expected - if Congress approved additional orders of a dozen more planes. Chris Chadwick, president and chief executive of Boeing Defense, Space & Security, …

  • LOS ANGELES/NEW YORK, July 13 - Following are the top 10 movies at North American box offices for the three days starting July 11, led by "Dawn of the Planet of the Apes," according to studio ...

  • British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy. Sunday Times: BANKS CASH IN AS MOUCHEL ...

  • The first flight of the U.S. Marine Corp's new CH-53K heavy lift helicopter will likely be delayed until the first half of next year, instead of occurring by the end of this year as planned, the head of Sikorsky Aircraft, a unit of United Technologies Corp, told Reuters on Sunday. Sikorsky Aircraft President Mick Maurer …

  • * Rome has recently cut its target for spending cuts ROME, July 13 (Reuters) - Carlo Cottarelli left a high-level job at the International Monetary Fund last year to help the Italian government cut high public spending. Most of the cuts he suggested in a 72-page review of Italy's public administration - an unpublished …

  • LOS ANGELES/NEW YORK, July 13 (Reuters) - "Dawn of the Planet of the Apes," a sequel about genetically altered apes that battle for dominance with humans, has knocked the giant "Transformers" robots from the top spot on U.S. and Canadian movie charts. "Transformers: Age of Extinction," a sequel that ruled the box office …

  • Boeing 737 fuselages are delivered by train to a Boeing manufacturing site in Renton, Washington

    Boeing (BA.N) plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with Europe's Airbus (AIR.PA). Announcing the move on the eve of the Farnborough Airshow, the head of the U.S. …

  • Boeing plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with Europe's Airbus. Announcing the move on the eve of the Farnborough Airshow, the head of the U.S. planemaker's jetliner …

  • Lockheed Martin's F-35 Joint Strike Fighter will not make its international debut at the Farnborough air show on Monday, though there is still a chance it will appear later in the week, the event's organisers said on Sunday. The United States' newest combat jet had already been pulled out of a British military show last …

  • Boeing is studying a new minor model of its best-selling 737 passenger jet with 11 extra seats aimed especially at low-cost carriers, the head of its planemaking division said. The new variant will hold ...

  • Barclays chief executive Antony Jenkins poses for the media in London

    Barclays (BARC.L) boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s third largest, should fight accusations it deceived and defrauded customers in the United States. If Jenkins accepts the allegations, made in a lawsuit filed by New York’s Attorney …

  • The Bundesbank is concerned by penalties European banks are paying the United States to settle investigations into sanctions violations involving Sudan, Iran and Cuba, Spiegel magazine reported, quoting ...

  • A visitor leaves a meeting room at the CFM International booth next to a LEAP high-bypass turbofan engine at the Singapore Airshow

    CFM International expects another record year for engine orders, its chief executive said on Sunday, adding the company, which earlier in the day announced an order from American Airlines (AAL.O), had bid for an engine deal with easyJet (EZJ.L). "When we see the number of orders already achieved at this time of year and …

  • * CEO says has made offer to easyJet for A320neo engines (Adds quotes from CEO on easyJet engine bid, Leap engine testing) FARNBOROUGH, England, July 13 (Reuters) - CFM International expects another record year for engine orders, its chief executive said on Sunday, adding the company, which earlier in the day announced …

  • * Government says Accor did not fulfil its contract * Accor seeks arbitration in Paris ICC court-documents DAKAR/LOME, July 13 (Reuters) - Togo has ordered Europe's largest hotel group, Accor, to quit the country immediately or face more than 500,000,000 CFA francs ($1.05 million) in daily fines, according to the hotel …

  • This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years. With …

  • A picture illustration shows YouTube on a cell phone, in front of a YouTube copyright message regarding a video on an LCD screen, in central Bosnian town of Zenica

    YouTube has embarked on a new round of discussions with Hollywood and independent producers to fund premium content, two sources with knowledge of the talks told Reuters, a move that could bolster a three-year-old multimillion-dollar effort that has had mixed success so far. The talks underscore Google Inc's desire to …

  • South Africa's NUMSA engineering and metalworkers union rejected a 10 percent pay offer from employers on Sunday and called on its 220,000 striking members in the sector to intensify nearly two weeks of industrial action. "We are making a very clear statement that the strike continues and we call on our members to intensify …

  • Britain plans to force foreign buyers of major British companies to make binding commitments on issues that are in the national interest such as investment in research, Business Secretary Vince Cable said on Sunday. This issue was raised earlier this year when U.S. drugmaker Pfizer tried to take over Britain's AstraZeneca, …

  • Charting a path to 'normalization' Reuters - 13 hours ago
    U.S. Federal Reserve Chair Yellen smiles at the inaugural Michel Camdessus Central Banking Lecture in Washington

    Investors shift focus this coming week from trouble spots such as Portugal's biggest listed bank to a marathon testimony by the U.S. Fed chair that could help chart a global path towards post-crisis "normalization". Concerns about losses associated with the founding family of Banco Espirito Santo had threatened to rattle …

  • Russia's Rosneft, the world's biggest listed oil company by output, has agreed to buy drilling and well-servicing assets of oil and gas service company Weatherford International in Russia and Venezuela, the company said on Sunday. Rosneft, which is expanding its own oilfield services unit RN-Burenie, added that it will …

  • The estimated size of natural gas reserves in Israel's Leviathan field has been lifted by 16 percent, partners in the field said on Sunday. Leviathan, discovered in 2010 off Israel's Mediterranean coast, is the world's largest offshore gas find in the past decade and is expected to provide the country with greater energy …

  • * Bank of Canada seen on hold at 1 pct by economists * China to show 7.4 pct GDP growth for 2nd qtr, tweak policy * Contagion from Portugal another worry for ECB's Draghi BRUSSELS, July 13 (Reuters) - Investors shift focus this coming week from trouble spots such as Portugal's biggest listed bank to a marathon testimony …

  • A woman walks out from an American Airlines office in Caracas

    CFM International, a joint venture between General Electric Aviation and Safran of France, said on Sunday that it had been picked by American Airlines Group to provide engines for 100 Airbus A320neo jets ...

  • CFM International, a joint venture between General Electric Aviation and Safran of France, said on Sunday that it had been picked by American Airlines Group to provide engines for 100 Airbus A320neo jets ...

  • BNP Paribas sign is pictured on a building of the bank in Geneva

    LONDON/HONG KONG (Reuters) - Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle. Last week, French politicians and business leaders …

Next >>