U.S. stock index futures pointed to a lower open on the last trading day of the week, following weak U.S. data and hawkish Fed comments.» Read More
WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday that imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long...
WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long Products...
Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.
Market leaders Nucor Corp, Commercial Metals Co and Gerdau Long Steel North America sold rebar cheaply to their in-house operations marketing to contractors for big projects, they said. "Nucor and Gerdau are the price leaders and undersold other U.S. producers and each other," said Jay Campbell, of White& Case, a representative for the Mexican producers.
With the Fed's policy-setting meeting in the rear-view mirror, the coming week should have Wall Street switching its focus to U.S. and global data.
U.S. stock index futures signaled a higher open on Tuesday, with investors awaiting the publication of trade data.
U.S. stock index futures held their gains Thursday following the weekly jobless claims report after markets in Shanghai and Tokyo snapped a three day-losing streak on signs of improvement in China's strained money markets.
JPMorgan shareholders should vote against the re-election of three board members, an influential proxy advisory firm said.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
Payment processor Total System Services said it will buy prepaid debit card provider NetSpend Holdings for about $1.4 billion in cash.
U.S. stock index futures pointed to a lower open Monday, after the S&P 500 finished at a five-year high in the previous session.
Stocks kicked off the new year with a bang! But the party may be over once earnings season kicks into full gear.
Some of the names on the move ahead of the open.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
IRVING, Texas-- Commercial Metals returned to a profit in its fiscal fourth quarter, helped by lower costs. Revenue fell 16 percent to $1.88 billion from $2.24 billion, which missed Wall Street's estimate of $2.02 billion. For the full year, Commercial Metals Co. earned $207.5 million, or $1.78 per share.
Oct 12- JP Morgan Chase. reported record net income of $5.7 billion on the back of strong business performance across the company's major business lines. Adjusting for these items, Fitch Ratings estimates JPM had pretax income of $7.7 billion vs. reported pretax income of $7.9 billion.
Oct 12- Standard& Poor's Ratings Services today said that its ratings on JPMorgan Chase& Co. are not affected by the company's third-quarter results, which were above our expectations, given current operating conditions. Standard& Poor's adjusted pretax earnings were roughly $7.3 billion, up from roughly $3.9 billion in the prior-year period.
*Pay falls at JPMorgan's investment bank in 3rd qtr. Oct 12- JPMorgan Chase& Co's investment bank set aside less revenue to pay employees last quarter, another sign that Wall Street bonuses are on the decline this year.
By Rick Rothacker and Jed Horowitz. Oct 12- Wells Fargo& Co's. The No. 4 U.S. bank by assets has expanded in mortgage lending while others such as Bank of America Corp.
*Wells Fargo weighs on financials. The Thomson Reuters/ University of Michigan's preliminary October reading on consumer sentiment rose to 83.1, well above the 78 forecast for the index as optimism about the economy improved. Wells Fargo, the biggest U.S. home lender, dropped 2.5 percent to $34.40.