The U.S. and 11 Pacific nations failed to reach a trade agreement, with talks on the largest regional trade agreement ever ending in deadlock.» Read More
*Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.
*Wall St slightly higher in early trading. NEW YORK, July 31- The dollar tumbled and benchmark U.S. Wall Street stock prices rose, also taking a cue from the Employment Cost Index data showing the smallest quarterly increase in 33 years.
NEW YORK— It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell. Yelp fared the worst, its shares down 25 percent for the week as some question the company's ability to survive on its own.
NEW YORK— Amazon wants to make the connected home a little more connected... to your shopping list. With its new' Dash' buttons, members of its $99 annual Prime loyalty program can reorder household items like baby food, coffee and laundry detergent with the touch of a button. Shares rose $1.99 to $538.75 in morning trading Friday.
July 31- The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64...
HARTFORD, Conn.— A long-simmering dispute over dumping dredged materials from rivers and harbors into Long Island Sound has flared up again with a new federal plan to govern disposal sites. Connecticut backs the disposal of materials in designated areas while New York state and environmental activists are calling for the reuse of sediments.
NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. Banks, money market mutual funds and other investors do not want to be stuck with low-yielding debt when the U.S. central...
Employment Cost Index barely rises in Q2. NEW YORK, July 31- U.S. The Employment Cost Index rose just 0.2 percent, the U.S. Labor Department reported, marking the smallest increase in the 33- year history of the index that is the broadest measure of labor costs.
ITHACA, N.Y. _ Tompkins Financial Corp. on Friday reported second-quarter earnings of $17.4 million. The bank, based in Ithaca, New York, said it had earnings of $1.15 per share. Keywords: Tompkins Financial, Earnings Report.
The unexpectedly smaller rise reported by the Labor Department on Friday will probably not dampen speculation that the Federal Reserve is set to raise interest rates later this year. The Employment Cost Index, the broadest measure of labor costs, edged up 0.2 percent, the Labor Department said. "This data has periodically proved to be very lumpy and the sharp...
*Royal Caribbean, Expedia rise after results. July 31- Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals. Exxon Mobil and Chevron shares fell about 2 percent after quarterly profits fell sharply on falling oil prices.
NEW YORK— Berry Plastics Group Inc. is buying Avintiv Inc. for about $2.45 billion. Evansville, Indiana- based Berry Plastics, which makes plastic consumer packaging and engineered materials, is buying the company in a move to broaden its reach. It is owned by the investment firm Blackstone Group LP.
NEW YORK— Shares of cybersecurity firm FireEye Inc. fell in premarket trading Friday, the morning after the company's chief financial officer said he was leaving. "Mike helped build FireEye from an early-stage technology pioneer to a global leader in advanced threat protection," said DeWalt, CEO and chairman of the board of FireEye. FireEye, based in Silicon...
UNIONDALE, N.Y. _ Arbor Realty Trust on Friday reported a key measure of profitability in its second quarter. The Uniondale, New York- based real estate investment trust said it had funds from operations of $12.7 million, or 25 cents per share, in the period. The company said it had net income of $10.5 million, or 21 cents per share.
EAST AURORA, N.Y. _ Moog Inc. on Friday reported fiscal third-quarter net income of $36.3 million. Moog expects full-year earnings to be $3.50 per share, with revenue expected to be $2.53 billion. Moog shares have fallen 11 percent since the beginning of the year.
NEW YORK— Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged. The company posted net income for the second quarter of $4.19 billion, down 52 percent from $8.78 billion in the second quarter of last year.
NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around. Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S....
NEW YORK— MoneyGram International Inc. reported better-than-expected second-quarter financial results and named W. Alexander Holmes as its new CEO. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. MoneyGram shares have dropped 13 percent since the beginning of the year.
NEW YORK _ WisdomTree Investments Inc. on Friday reported second-quarter earnings of $24.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $81.2 million.
WHITE PLAINS, N.Y. _ ITT Corp. on Friday reported second-quarter net income of $142.3 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Nine analysts surveyed by Zacks expected $616.1 million.