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  • April 16- American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income. Net income attributable to AmEx shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or...

  • LOS ANGELES, April 16- Sony Corp's Sony Pictures Entertainment objected to the online release by WikiLeaks on Thursday of a searchable database of more than 30,000 documents that were obtained by hackers in a massive cyber attack last year. "The cyber-attack on Sony Pictures was a malicious criminal act, and we strongly condemn the indexing of stolen employee...

  • Treasury Secretary Jack Lew urged Japan on Thursday to use all policy tools to support its economic recovery, including structural reforms to enhance domestic demand, a U.S. In a statement outlining topics Lew discussed with Japanese Finance Minister Taro Aso on the sidelines of the spring meetings of the IMF and World Bank, the official said Lew also...

  • *Rosengren, Lockhart lean toward waiting on rate hikes. SAN FRANCISCO, April 16- Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year. On Thursday, Vice Chair...

  • April 16- Schlumberger Ltd, the world's No.1 oilfield services provider, said it would cut a further 2,000 jobs and that it expects a recovery in U.S. land drilling activity to be delayed. Schlumberger, which provides drilling technology and equipment to oil and gas companies, said first-quarter revenue fell 19 percent from the fourth quarter, blaming lower...

  • April 16- Netflix Inc has been a stock market darling over the past few years and strong first-quarter subscriber additions sent its shares to another record high on Thursday. "I think if Netflix shares are valued based on its fundamentals, the share price is not warranted," Wedbush analyst Michael Pachter said. Netflix's shares jumped as much as 20 percent to...

  • That's one interpretation of the most recent survey of fund managers by Bank of America Merrill Lynch, which found growing conviction that both global stocks and bonds are over-valued and that "equity bubbles" represent the biggest tail-risk they face. Survey respondents, who collectively manage nearly $400 billion, even show a strong awareness of the factor...

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on a bill to give the White House "fast track" authority to negotiate a trade pact with 11 other Pacific nations that is central to President Barack Obama's strategic shift toward Asia. The White House has faced pressure to make progress on the bill ahead of a meeting between Obama and...

  • EZEIZA, Argentina, April 16- The cost of drilling wells in Argentina's vast but barely tapped Vaca Muerta shale oil and gas formation will fall at least 10 percent by the end of 2016, Miguel Galuccio, chief executive officer of state energy company YPF said on Thursday. The company, nationalized in 2012 as part of a production push aimed at erasing Argentina's...

  • *Netflix and Philip Morris rally after results. *Etsy, Virtu shares surge in IPOs. Weighing on the S&P 500 were Apple and General Electric, which is expected to report its first-quarter results on Friday before the start of trading.

  • Fed's Fischer sees first U.S. rate hike this year Thursday, 16 Apr 2015 | 4:28 PM ET

    WASHINGTON, April 16- The U.S. economy will probably strengthen enough for the Federal Reserve to raise interest rates this year, Fed Vice Chair Stanley Fischer said on Thursday.

  • AMD revenue falls as PC sales continue to decline Thursday, 16 Apr 2015 | 4:22 PM ET

    April 16- U.S. chipmaker Advanced Micro Devices Inc reported a 26.2 percent fall in quarterly revenue, hurt by continued weak PC and graphic card sales and intense competition from Intel Corp.. AMD's net loss widened to $180 million, or 23 cents per share, in the first quarter ended March 28, from $20 million, or 3 cents per share, a year earlier. Revenue fell to $1.03...

  • American Express quarterly profit rises 6.3 pct Thursday, 16 Apr 2015 | 4:21 PM ET

    April 16- American Express Co, the world's largest credit card issuer, reported a 6.3 percent rise in quarterly profit, helped by higher spending by card holders and an increase in net interest income. Net income attributable to common shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or $1.33 per share, a...

  • April 16- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 2,000 jobs, blaming the fall in drilling activity, particularly in North America. Net income attributable to Schlumberger fell to $975 million, or 76 cents per share, in the first quarter ended March 31, from $1.59...

  • WikiLeaks creates archive of hacked Sony docs Thursday, 16 Apr 2015 | 4:16 PM ET
    A sign outside Sony Pictures Entertainment in Culver City, Calif., December 19, 2014.

    WikiLeaks has put hundreds of thousands of emails and documents from last year's Sony hack into a searchable online archive.

  • Mattel sales fall for sixth straight quarter Thursday, 16 Apr 2015 | 4:12 PM ET

    April 16- Mattel Inc reported its sixth straight fall in quarterly worldwide sales as it focuses on turning around its business and launching toys to make up for plunging demand for its Barbie dolls. The toymaker's net sales fell about 2.5 percent to $922.7 million in the three months ended March 31, the first quarter under new chief executive, Christopher...

  • WASHINGTON, April 16- President Barack Obama on Thursday praised a bipartisan bill that would fast-track trade deals through Congress, urging lawmakers to pass it quickly so his administration can advance a trade pact with Pacific nations. "The bill put forward today would help us write those rules in a way that avoids the mistakes from our past, seizes...

  • WASHINGTON, April 16- Greece cannot simply sign up for an existing agreement on its debt that will not solve its economic problems, Finance Minister Yanis Varoufakis said on the sidelines of the International Monetary Fund meetings on Thursday. In prepared remarks for a speech at the Brookings Institution, Varoufakis said "we will not sign up to targets we know...

  • NEW YORK, April 16- U.S. stocks ended marginally lower on Thursday as lingering worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts.

  • RIO DE JANEIRO, April 16- Petrobras' projected investments over the coming five years will be about 20 percent lower than the previous five-year plan from the Brazilian state-run oil company, a person with knowledge of the situation said on Thursday, as a corruption investigation and falling crude prices force it to cut back. The 2015-2019 business plan, which...