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  • Shares of the company, which is majority owned by Japan's SoftBank Group Corp, rose 18.7 percent to $2.99 in premarket trading on Tuesday. Sprint posted a net loss of $836 million, or 21 cents per share, in the third quarter ended Dec. 31, compared with a loss of $2.38 billion, or 60 cents per share, a year earlier. Excluding items, the company lost 21 cents per share, beating...

  • Jan 25- Wall Street sold off on Monday, pulled lower by further weakness in oil prices as energy shares led declines, with major indexes retreating after last week's strong gains. Oil prices fell 6 percent on concerns of oversupply after news that Iraq's output reached a record last month. The major indexes each fell more than 1 percent, reversing much of a...

  • *Brent crude slides 6.7 percent on record Iraq oil output. Crude oil prices fell as much as 6.7 percent as Iraq announced record-high oil production that will feed into an already oversupplied market, wiping out much of the oil price gains from of the biggest-ever daily rallies on Friday. Last week, European Central Bank chief Mario Draghi signalled the bank was...

  • *Iraq reports record-high production, drives oil price declines. Treasuries had slumped on Friday as a resurgence in oil and stock prices drove selling of the debt, but oil prices fell more than 5 percent on Monday on worries about oversupply after Iraq announced that its oil production last month was at a record-high. "Treasuries rallied overnight and have been...

  • Jan 25- Wall Street stumbled on Monday after its first positive week of 2016, pulled lower by further weakness in oil prices as energy shares led declines. Oil prices fell more than 5 percent on concerns of oversupply after news that Iraq's output reached a record last month. Wall Street is coming off its first week of gains in the year, with the three major indexes...

  • *Brent crude falls 4 percent on Iraq record oil output. Crude oil prices fell 4 percent as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last Friday. "The news that Iraq has probably hit another record builds on the oversupply sentiment," said Hans van...

  • *Crude oil falls after last week's gains. Jan 25- Wall Street looked set to snap a two-day rally on Monday as retreating crude oil prices weighed on materials and energy stocks. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market.

  • *Oil prices slide after Iraq reports record-high production. Treasuries had slumped on Friday as a resurgence in oil and stock prices drove selling of the debt, but oil prices fell after Iraq announced record-high oil production. "All the movement is predicated on oil, so the stability we saw last week was largely because of oil looking like it was settling, and...

  • Jan 25- U.S. stock indexes were lower on Monday morning, led by materials and energy stocks, after last week's rally in oil prices fizzled out. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market. Federal Reserve's next move on interest rates when the Federal Open Market Committee meets on...

  • Jan 25- U.S. stock indexes were lower on Monday morning, led by materials and energy stocks, after last week's rally in oil prices fizzled out. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market. Federal Reserve's next move on interest rates when the Federal Open Market Committee meets on...

  • Jan 25- U.S. stock indexes were set to open lower on Monday after last week's rally in oil prices lost steam. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market. Federal Reserve's next move on interest rates when the Federal Open Market Committee meets on Jan. 26-27.

  • AmEx shares plummeted as much as 13.6 percent to $54.14 in on Friday, a day after the company reported fourth-quarter results and its outlook for 2016 and 2017.. "We expect management's cautious commentary around growing competitive intensity to fuel speculation around the viability of its business model," Nomura analyst Bill Carcache wrote in a note.

  • *Wall Street jumps 2 pct in heavy volume. NEW YORK, Jan 22- Oil prices and world stock markets jumped on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Brent crude oil, which tumbled in recent weeks on worries about oversupply, settled 10 percent higher and above $32 a barrel in one of the...

  • *Crude up as cold wave boosts short-term demand. Jan 22- Wall Street surged 2 percent on Friday to wrap up its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But the index is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets.

  • *Wall Street higher in late trading. NEW YORK, Jan 22- Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. "I don't think anyone really believes we've seen the bottom," said Warren West, principal at Greentree Brokerage...

  • Jan 22- Wall Street surged on Friday and was on track for its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But it is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets. "I don't think anyone really believes we've seen the...

  • *China, India physical gold demand slow. NEW YORK/ LONDON, Jan 22- Gold fell on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets. Spot gold was down 0.6 percent at $1,095.16 an ounce at 2 p.m. EST, while U.S. gold futures for February delivery closed down $1.90, or...

  • NEW YORK, Jan 22- Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Comments by European Central Bank President Mario Draghi on Thursday suggesting the bank could ease its monetary policy at its March meeting also...

  • Jan 22- Wall Street rallied on Friday, heading toward its first positive week of 2016, as a cold snap in the United States and Europe helped send oil prices surging for a second day. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy at its March meeting also encouraged investors bruised...

  • NEW YORK, Jan 22- Global equity indexes and oil prices climbed for a second day on Friday, as frigid weather across the United States and Europe boosted energy demand. Comments by European Central Bank President Mario Draghi on Thursday, suggesting the bank could ease its monetary policy at its March meeting, helped encourage investors bruised by a brutal...