A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.» Read More
Gallagher is the second SEC commissioner in recent months to call for reforms to public company disclosures. The SEC is close to releasing the results of a study mandated by Congress that examines the regime governing corporate disclosures, known as "Regulation S-K," which could help pave the way for changes to the current rules.
Dec 6- Shares of Barnes& Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29.
American Eagle Outfitters Inc., based in Pittsburgh, was the latest teen fashion merchant to lower its profit outlook for the rest of the year as it resorts to heavy discounting to pull in cautious shoppers. Aeropostale Inc. reported on Wednesday that it swung to a loss in the third quarter as the chain aggressively marked down clothing to attract shoppers.
NEW YORK-- Shares of Boston Scientific rose Friday after a Cowen and Co. analyst upgraded the stock, saying the medical device maker could beat Wall Street expectations over the next few years.
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
*Wall Street climbs after upbeat U.S. payrolls report. NEW YORK, Dec 6- Global equity markets surged and the dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data boosted the case for the scaling-back of Federal Reserve stimulus later this month.
NEW YORK, Dec 6- Oil rose on Friday, supported by expectations of increased demand after the government reported the jobless rate fell to a five-year low in the United States, the world's top oil consumer, adding to a week's worth of strong economic data.
Brinker International Inc. rose$. 60 or 1.3 percent, to $45.93. Chipotle Mexican Grill Inc. rose $1.46 or. 3 percent, to $522.47. Darden Restaurants Inc. rose$. 64 or 1.2 percent, to $52.70.
Apple Inc. fell $2.32 or. 4 percent, to $565.58. Hewlett Packard Co. rose$. 73 or 2.7 percent, to $27.98. International Business Machines Corp. rose$. 61 or. 3 percent, to $176.69.
Barrick Gold Corp. rose$. 03 or. 2 percent, to $15.46. Gold Fields Ltd ADS rose$. 03 or. 8 percent, to $3.59. Newmont Mining Corp. rose$. 07 or. 3 percent, to $23.27.
Autozone Inc. rose $2.73 or. 6 percent, to $462.73. Bed Bath& Beyond Inc. rose$. 49 or. 6 percent, to $77.68. Best Buy rose$. 85 or 2.1 percent, to $42.28.
American Express Co. rose $1.31 or 1.5 percent, to $85.85. Capital One Financial Corp. rose$. 92 or 1.3 percent, to $72.86. Discover Financial Services rose$. 80 or 1.5 percent, to $52.72.
Las Vegas Sands Corp. fell$. 33 or. 4 percent, to $75.13. MGM Resorts International rose$. 30 or 1.5 percent, to $19.99. Marriott International Inc. rose$. 44 or 1.0 percent, to $46.06.
Boeing rose $2.04 or 1.5 percent, to $134.77. Lockheed Martin Corp. rose $1.18 or. 9 percent, to $137.84. Northrop Grumman Corp. rose$. 50 or. 5 percent, to $110.04.
NEW YORK-- Shares of some top telecom companies are up at 10 a.m.:. AT&T Inc. rose$. 14 or. 4 percent, to $34.40. Verizon Communications Inc. rose$. 18 or. 4 percent, to $49.09.
NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 10 or. 3 percent, to $30.67. Quanta Services Inc. rose$. 94 or 3.2 percent, to $30.06.
DR Horton rose$. 29 or 1.5 percent, to $19.08. Hovnanian Enterprises Inc. rose$. 07 or 1.4 percent, to $5.01. Lennar Corp. rose$. 49 or 1.4 percent, to $34.71.
Ford Motor Co. rose$. 01 or. 1 percent, to $16.75. General Motors Co. rose$. 88 or 2.3 percent, to $39.97. Honda Motor Co. rose$. 82 or 2.0 percent, to $41.90.
Hecla Mining Co. rose$. 04 or 1.3 percent, to $2.84. Pan American Silver Corp. rose$. 17 or 1.7 percent, to $10.42. Silver Standard Resources Inc. rose$. 12 or 2.0 percent, to $6.04.
Kohl's Corp. rose$. 25 or. 5 percent, to $55.29. Macy's Inc. fell$. 01 or percent, to $51.53. Nordstrom fell$. 02 or percent, to $61.03.