Andew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management tells CNBC's Cash Flow that the start of tapering could spark a final rally on the U.S. markets.» Read More
Dec 7- A U.S. federal judge has refused to allow investors to proceed as a group in a lawsuit accusing BP Plc of fraud by misleading them- before and after the 2010 Gulf of Mexico oil spill- about the company's ability to respond to an accident.
Filed in U.S. District Court in New York, the Martoma documents showed how extensively investigators questioned Cohen about the trading at the center of the case against Martoma, who was charged in November 2012 with insider trading in what is said to be the most lucrative such U.S. scheme ever.
MANAMA, Dec 7- The United States has a proven and enduring commitment to Middle East security, backed by diplomatic engagement and a fierce array of warplanes, ships, tanks, artillery and 35,000 troops, Pentagon chief Chuck Hagel told Gulf Arab leaders on Saturday.
NUSA DUA, Indonesia, Dec 7- The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy.
The No. 2 U.S. mobile operator made the request in a Dec. 5 letter to the U.S. Securities and Exchange Commission in response to shareholder activists pressing it on the matter. Among them is New York State Comptroller Thomas DiNapoli, who is the trustee of the state retirement fund.
WASHINGTON, Dec 6- The Obama administration on Friday extended the length of permits that allow wind farms and other operations to accidentally kill protected eagles to 30 years, drawing fire from wildlife conservationists.
WASHINGTON, Dec 6- Strong demand from Gulf countries for Lockheed Martin Corp's F-35 fighter jet has prompted Washington to grapple with the thorny question about releasing the jet to the region sooner than expected, a senior U.S. defense official said.
NEW YORK, Dec 6- U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.. "There's a natural tendency on the part of Wall Street in any given year to be overly optimistic as it relates to the back half of the year...
MILWAUKEE-- Joy Global Inc. said Friday that it has added its soon-to-be CEO Edward Doheny II to its board. He has also served as president and chief operating officer of its underground mining business since 2006. The company announced in March that he would succeed Michael Sutherlin as president and CEO after Sutherlin retires at the end of the year.
Daegis Inc.: Approximately 1,231,500 shares changed hands, a 2,701.7 percent increase over its 65- day average volume. The shares fell$. 01 or 1.1 percent to$. 93. Euro Tech Holdings Co. Ltd.: Approximately 380,700 shares changed hands, a 2,920.0 percent increase over its 65- day average volume.
ASM International NV: Approximately 200 shares changed hands, a 97.0 decrease from its 65- day average volume. The shares rose$. 21 or. 6 percent to $32.86. Kingstone Cos Inc.: Approximately 100 shares changed hands, a 96.9 decrease from its 65- day average volume.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Allison Transmission Holdings Inc.: Approximately 2,579,900 shares changed hands, a 456.6 percent increase over its 65- day average volume. The shares rose$. 72 or 2.6 percent to $27.96.
NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. American Midstream Partners LP: Approximately 1,900 shares changed hands, a 88.4 decrease from its 65- day average volume. The shares fell$. 03 or. 3 percent to $11.62.
Comcast Corp. rose$. 19 or. 4 percent, to $49.27. Walt Disney Co. rose $1.23 or 1.8 percent, to $71.46. Gannett rose$. 46 or 1.8 percent, to $25.55.
Costco Wholesale Corp. rose $1.11 or. 9 percent, to $122.06. Target rose$. 75 or 1.2 percent, to $63.38. Wal-Mart Stores Inc. rose$. 50 or. 6 percent, to $79.94.
American Express Co. rose $1.39 or 1.6 percent, to $85.93. Capital One Financial Corp. rose$. 66 or. 9 percent, to $72.60. Discover Financial Services rose$. 85 or 1.6 percent, to $52.77.
Colgate-Palmolive Co. rose $1.12 or 1.7 percent, to $65.66. Kimberly-Clark Corp. rose $1.68 or 1.6 percent, to $105.58. Procter& Gamble Co. rose $1.83 or 2.2 percent, to $84.52.
American Electric Power Co. rose$. 62 or 1.3 percent, to $47.10. Consolidated Edison Inc. Holding Co. rose$. 89 or 1.6 percent, to $55.85. Dominion Resources Inc. rose$. 97 or 1.5 percent, to $64.42.
NEW YORK-- Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 66 or 1.7 percent, to $39.27. DuPont Co. rose $1.23 or 2.0 percent, to $61.34.