U.S.-BASED GOVERNMENT-TREASURY FUNDS ATTRACT $106 MLN OVER WEEKLY PERIOD, AFTER $229 MLN WITHDRAWALS THE WEEK BEFORE- LIPPER.
U.S.-BASED INTERNATIONAL AND GLOBAL DEBT FUNDS ATTRACT $215 MLN OVER WEEKLY PERIOD; 8 TH STRAIGHT WEEK OF INFLOWS- LIPPER.
Aug 25- A Wells Fargo& Co mortgage unit will pay $3.45 million to some customers because of a processing error that delayed the mailing of letters to almost 8,000 homeowners in bankruptcy and shortened their notice period about changes to monthly mortgage payment amounts, according to a court document. The unit, called Wells Fargo Bank NA, agreed on the sum in a...
U.S.-BASED CORPORATE INVESTMENT-GRADE BOND FUNDS ATTRACT $1.9 BLN OVER WEEKLY PERIOD; 8 TH CONSECUTIVE WEEK OF INFLOWS- LIPPER.
U.S.-BASED HIGH-YIELD BOND FUNDS TAKE IN $162 MLN OVER WEEKLY PERIOD; THIRD STRAIGHT WEEK OF INFLOWS- LIPPER.
U.S.-BASED DOMESTIC-FOCUSED STOCK FUNDS POST $4.5 BLN OUTFLOWS OVER WEEKLY PERIOD; 6 TH STRAIGHT WEEK OF OUTFLOWS- LIPPER.
U.S.-BASED NON-DOMESTIC-FOCUSED STOCK FUNDS POST $1.8 BLN OUTFLOWS OVER WEEKLY PERIOD, AFTER $1.5 BLN INFLOWS THE WEEK PRIOR- LIPPER.
WASHINGTON, Aug 25- U.S. Senate Majority Leader Mitch McConnell said on Thursday that the Senate will not vote on President Barack Obama's signature Asian trade deal this year, punting it to the next president for changes and consideration. The statement appeared to dash White House hopes for a vote to approve the 12- country Trans-Pacific Partnership...
U.S.-BASED MONEY MARKET FUNDS ATTRACT $20.9 BLN OVER WEEKLY PERIOD, AFTER TWO STRAIGHT WEEKS OF WITHDRAWALS- LIPPER.
GameStop's second quarter net sales fell to $1.63 billion from $1.76 billion, missing the analysts' average estimate of $1.72 billion, according to Thomson Reuters I/B/E/S. Net income rose to $27.9 million, or 27 cents per share, in the quarter, from $25.3 million, or 24 cents per share, a year earlier. Excluding items, the company earned 27 cents per share, in line with...
U.S.-BASED TAXABLE BOND FUNDS ATTRACT $2.7 BLN OVER WEEKLY PERIOD; THIRD STRAIGHT WEEK OF INFLOWS- LIPPER.
U.S.-BASED STOCK FUNDS POST $6.4 BLN OUTFLOWS IN WEEK ENDED WEDNESDAY, AFTER $307 MLN INFLOWS THE WEEK PRIOR- LIPPER.
WASHINGTON— Figures on government spending and debt in millions of dollars.
SANTIAGO, Aug 25- The Chilean government is expecting to send the Pacific trade deal known as the Trans-Pacific Partnership to its Congress for approval by the end of 2016, President Michelle Bachelet said on Thursday. Criticism of the deal by unions in some member states has been fierce, and in Chile opponents have accused the negotiators of lacking...
SAN JOSE, Calif. _ Brocade Communications Systems Inc. on Thursday reported fiscal third-quarter earnings of $10.5 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Eight analysts surveyed by Zacks expected $576.3 million.
SANTA BARBARA, Calif. _ QAD Inc. on Thursday reported fiscal second-quarter earnings of $600,000. On a per-share basis, the Santa Barbara, California- based company said it had profit of 3 cents. QAD expects full-year earnings in the range of 38 cents to 48 cents per share, with revenue ranging from $277 million to $283 million.
*Fed Chair Janet Yellen due to speak on Friday. NEW YORK, Aug 25- U.S. stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike. Jude Medical shares fell 5 percent after short-selling firm Muddy Waters said it bet that the...
SAN RAFAEL, Calif. _ Autodesk Inc. on Thursday reported a loss of $98.2 million in its fiscal second quarter. Six analysts surveyed by Zacks expected $512.1 million. For the current quarter ending in November, Autodesk expects its results to range from a loss of 27 cents per share to a loss of 22 cents per share.
MOUNTAIN VIEW, Calif. _ Pure Storage Inc. on Thursday reported a loss of $59.6 million in its fiscal second quarter. For the current quarter ending in November, Pure Storage said it expects revenue in the range of $187 million to $195 million. Pure Storage shares have fallen 24 percent since the beginning of the year.
NEW YORK— It's perhaps the most contrarian move in investing today: Trust a stock picker. Last month alone, $44 billion left actively managed stock funds, and nearly $41 billion went into comparable index funds. Through July, they were on pace for a third straight year of lower returns than either an S&P 500 index fund or an investment that tracks a Barclays bond...