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  • For billionaire Warren Buffett, P&G's tide has crested Thursday, 13 Nov 2014 | 5:38 PM ET

    NEW YORK, Nov 13- Procter& Gamble Co., one of Warren Buffett's top portfolio holdings, is about to lose the billionaire's influential backing at a time when it appears the company's own fortunes have peaked. Thursday's agreement by Buffett's Berkshire Hathaway Inc. to turn over the $4.7 billion in shares it owns in the world's largest consumer products company...

  • NEW YORK, Nov 13- Energy shares fell their most in a month Thursday as crude prices slid, dragging on Wall Street despite gains in Wal-Mart and other consumer stocks. The Dow and S&P 500 earlier hit intraday highs, with Wal-Mart and Apple at all-time records. Wal-Mart rose 4.2 percent to $82.50 after posting a 2.9 percent increase in third-quarter revenue.

  • *Berkshire Hathaway to buy Duracell from Procter& Gamble. NEW YORK, Nov 13- U.S. stocks advanced modestly on Thursday to send the Dow and S&P to new record intraday highs following earnings from Wal-Mart and data on the labor market. Wal-Mart shares climbed 3.4 percent to $81.92 as one of the biggest boosts to both the Dow and S&P 500 after the retail giant posted a 2.9...

  • *Berkshire Hathaway to buy Duracell from Procter& Gamble. NEW YORK, Nov 13- U.S. stocks inched higher shortly after the open on Thursday, as the Dow and S&P touched new record intraday highs following earnings from Wal-Mart and data on the labor market. Wal-Mart shares advanced 2.8 percent to $81.42 as one of the biggest boosts to both the Dow and S&P 500 after the...

  • *Wal-Mart climbs in premarket after results. *Berkshire Hathaway to buy Duracell from Procter& Gamble. NEW YORK, Nov 13- U.S. stocks were poised to open little changed on Thursday, as the Dow and S&P hovered near record highs following earnings from Wal-Mart and data on the labor market.

  • But a series of failed deals, including the collapse of a $55 billion tie-up between UK drugmaker Shire and U.S. peer AbbVie, has led to losses for some of the world's biggest proponents of the strategy, with investors pulling out $3.3 billion in the last two months alone. "The AbbVie/ Shire break, in particular, has led to a far reaching de-risking exercise for many...

  • *Wal-Mart climbs in premarket after results. *Wal-Mart shares advanced 2 percent to $80.75 in premarket trading after the retail giant posted its quarterly results. *J.C. Penney shares fell 5.9 percent to $7.30 in premarket trading after it reported a smaller-than-expected quarterly loss Wednesday but said same-store sales were flat and slightly cut its...

  • Thai police bans book criticizing monarchy Thursday, 13 Nov 2014 | 12:38 AM ET

    The book, "A Kingdom in Crisis: Thailand's Struggle for Democracy in the Twenty-First Century," has contents that defamed the monarchy and "will affect the kingdom's stability, order or the good morality of the people," national police chief Gen. The book, which had not gone on sale in Thailand, was written by Andrew MacGregor Marshall, a former journalist with Thomson...

  • US STOCKS-Wall St little changed near record; banks slip Wednesday, 12 Nov 2014 | 12:30 PM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8...

  • *Gold "fix" to be replaced by electronic platform. LONDON, Nov 12- Switzerland's financial watchdog said on Wednesday it had found a "clear attempt" to manipulate precious metals price benchmarks during a cross-market investigation into trading at UBS bank. Regulators fined six major banks on Wednesday a total of $4.3 billion over the foreign exchange...

  • US STOCKS-Wall St slips from latest record; banks fall Wednesday, 12 Nov 2014 | 11:27 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 1.4...

  • US STOCKS-Wall St pulls back from records; banks dip Wednesday, 12 Nov 2014 | 9:54 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.5 percent to $53.56 while the S&P financial...

  • US STOCKS-Wall St to retreat from record highs at open Wednesday, 12 Nov 2014 | 9:05 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies will be in focus after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.6 percent to $53.49 before the opening bell.

  • Forex fixings and how they work Wednesday, 12 Nov 2014 | 8:41 AM ET

    With some 40 percent of the $5.3 trillion a day global market in currencies running through London, the 4 pm " London fix" is the single most-used set of those. The London or "WM/Reuters" fix relates to several exchange rates and is compiled using data on actual transactions from Thomson Reuters, ICAP- owned EBS and others. The rates are calculated by WM, a unit of State...

  • US STOCKS-Futures lower after latest Dow, S&P records Wednesday, 12 Nov 2014 | 7:41 AM ET

    NEW YORK, Nov 12- U.S. stock index futures were lower on Wednesday, putting major indexes on track to retreat after the Dow and S&P 500 closed at record highs for a fifth consecutive day. *Financial companies will be in focus after global regulators fined five major banks, including UBS, HSBC and Citigroup, $3.4 billion for failing to stop their traders from trying to...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • *D.R. Horton advances after earnings. *Veterans Day holiday may curb volume. NEW YORK, Nov 11- U.S. stocks were little changed on Tuesday after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading.

  • US STOCKS-Wall St edges up; Dow, S&P hit fresh records Tuesday, 11 Nov 2014 | 11:28 AM ET

    *D.R. Horton advances after earnings. *Veterans Day holiday may curb volume. NEW YORK, Nov 11- U.S. stocks were little changed on Tuesday, as investors paused after a strong rally, but the Dow and S&P 500 managed to edge up to set fresh intraday records for a fifth straight session.

  • *D.R. Horton falls in premarket after earnings. NEW YORK, Nov 11- U.S. stocks were poised for a flat open on Tuesday, after the Dow and S&P 500 extended their streak of record closes for a fourth day. "It's been grinding higher, a pretty impressive rally off the bottom," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.

  • *D.R. Horton posts quarterly earnings. NEW YORK, Nov 11- U.S. stock index futures advanced modestly on Tuesday, after the Dow and S&P 500 extended their streak of record closes for a fourth day. *D.R. Horton, the largest U.S. homebuilder, fell 1.6 percent to $23.05 before the opening bell after it reported better-than-expected quarterly revenue but earnings missed...