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  • *FedEx rises after Q3 profit beats view. Dec 17- Wall Street looked set to snap a three-day rally on Thursday, dragged down by energy and materials stocks, a day after the Federal Reserve raised interest rates for the first time in nine years. "Investors continue to struggle with the notion of the strength in the U.S. economy, in the context of this performance within...

  • *Wall Street drops after Fed rate hike as energy sector weighs. NEW YORK, Dec 17- Wall Street led global equity markets lower on Thursday a day after the U.S. "We are seeing some weakness but we are not seeing that hyperbolic fear that we have seen really inform the entire equity trading narrative as a result of crude's collapse," said Peter Kenny, equity market...

  • *FedEx rises after Q3 profit beats view. "The markets have reversed from a higher opening, but that was to be expected after yesterday's surge," said Peter Cardillo, chief market economist at First Standard Financial in New York. At 11:02 a.m. ET, the Dow Jones industrial average was down 115.28 points, or 0.65 percent, at 17,633.81, the S&P 500 was down 16.71 points, or...

  • *WTI down 2 pct, Brent less than $1 above July 2004 low. "Bearish fundamentals are hanging over the oil markets like storm clouds, with no break in sight or relief in the near future," said Chris Jarvis, founder of Caprock Risk Management, an oil market consultancy in Frederick, Maryland. WTI was down 68 cents, or 2 percent, at $34.84 a barrel by 10:54 a.m. EST, reaching a...

  • *FedEx rises after Q3 profit beats view. "The Fed really delivered exactly what the market wanted," said Keith Lerner, chief market strategist at SunTrust Bank in Atlanta, Georgia. At 9:40 a.m. ET, the Dow Jones industrial average was down 1.27 points, or 0.01 percent, at 17,747.82, the S&P 500 was down 2.48 points, or 0.12 percent, at 2,070.59 and the Nasdaq Composite...

  • *Fedex rises after Q3 profit beats view. Global markets jumped on Thursday after Fed Chair Janet Yellen assured that further tightening would be gradual and heavily dependent on inflation, which remained firmly below the central bank's 2 percent target. "The Fed really delivered exactly what the market wanted," said Keith Lerner, chief market strategist at...

  • Pandora radio

    A U.S. copyright board raised music royalty rates that Internet radio stations will pay, setting new prices at a range Pandora called "balanced."

  • Dec 16- A U.S. copyright board on Wednesday raised music royalty rates that Pandora Media Inc and Internet radio stations will pay, setting new prices at a range Pandora called "balanced" and sending its shares up 20 percent in after-hours trade. Copyright Royalty Board said Internet radio operators will have to pay 17 cents per 100 plays in 2016 as royalties for...

  • CHICAGO, Dec 16- Package delivery company FedEx Corp on Wednesday reported a better-than-expected quarterly net profit, saying higher margins, cost-cutting and a lower effective tax rate offset weak industrial production and global trade. Often seen as a bellwether of U.S. economic activity, Memphis, Tennessee- based FedEx reiterated its fiscal 2016...

  • NEW YORK, Dec 16- U.S. top-rated municipal bonds were little changed on Wednesday after the Federal Reserve raised interest rates for the first time in nearly a decade and bond investors adjusted to the likelihood of more increases next year. "We are on a new trajectory and potentially a totally new economic environment," said Jim Colby, chief municipal strategist...

  • *Fed hikes rates for first time since 2006. NEW YORK, Dec 16- Global equity markets on Wednesday cheered the decision by the U.S. They gave everybody what they wanted: gave savers a little bit more interest, investors a little bit more confidence in the economy, businesses a little bit more expectation of inflation, and helped governments by keeping the yield curve...

  • *Fed raises key rate by 25 basis points. NEW YORK, Dec 16- U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy. "Wrapped in dovish language, the Federal Reserve has just embarked on what will be the loosest tightening in its history," said...

  • *Fed raises key rate by 25 basis points. NEW YORK, Dec 16- U.S. stocks rallied in volatile trading on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade. "Wrapped in dovish language, the Federal Reserve has just embarked on what will be the loosest tightening in its history," said Mohamed El-Erian, chief...

  • NEW YORK, Dec 16- Yields on U.S. While the rate move was almost fully priced in, with traders seeing an 81 percent chance of an increase leading into the meeting, according to the CME Group's FedWatch program, investors paid close attention to the words used by the central bank to communicate the pace of future hikes. "The dollar is up a little bit, yields are up a little...

  • *Fed raises key rate by 25 basis points. NEW YORK, Dec 16- U.S. stocks rose in volatile trading on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade. "Wrapped in dovish language, the Federal Reserve has just embarked on what will be the loosest tightening in its history," said Mohamed El-Erian, chief...

  • *Fed announcement expected at 2 p.m. ET. Dec 16- Wall Street rose for the third straight day on Wednesday ahead of a widely anticipated interest rate hike by the Federal Reserve later in the day. The U.S. central bank is seen raising rates by a token 25 basis points, when it announces the outcome of its policy meeting at 2 p.m. ET, followed by a press conference by Chair...

  • *Fed announcement expected at 2 p.m. ET. Dec 16- Wall Street pared gains as oil prices tumbled on Wednesday and ahead of a widely expected interest rate hike by the Federal Reserve later in the day. The Fed will announce the outcome of its policy meeting at 2 p.m. ET, followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET.

  • NEW YORK, Dec 16- Yields on U.S. The U.S. central bank will announce the results of its two-day policy meeting at 2 p.m. EST and Chair Janet Yellen will lead a press conference at 2:30 p.m.. "The key with this increase will be around the language used about the pace of future hikes, not the actual move itself," said Pat Maldari, senior portfolio manager of North American...

  • *Fed announcement expected at 2 p.m. ET. Dec 16- Wall Street rose for the third straight day on Wednesday as investors prepare for a widely anticipated interest rate hike by the Federal Reserve later in the day. The Fed will announce the outcome of its policy meeting at 2 p.m. ET, followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET.

  • NEW YORK, Dec 16- Shares of oil producers edged higher on Wednesday after U.S. lawmakers approved a spending bill that would lift a 40- year-old ban on domestic crude exports, while U.S. solar companies surged as Congress extended investment tax credits beyond 2016.. Shares of Hess Corp rose 1.3 percent to $52.41, while Chevron gained 1 percent to $93.67.