Stocks Move Mostly Higher Amid Light Trading Activity - U.S. Commentary

Fri, 14 Aug 2015 20:24:02 GMT : While trading activity was somewhat subdued, stocks moved mostly higher over the course of the trading day on Friday. The upward move on the day came on the heels of the lackluster performance that was seen in the previous session.

Crude Oil Ends Higher, But Sheds About 3.1% For Week

Fri, 14 Aug 2015 18:57:46 GMT : U.S. crude oil rebounded to end higher on Friday after having plummeted to a 6-year low yesterday, on some upbeat economic data from the U.S. notwithstanding concerns of a supply glut and an improvement in oil rig count for the week.

Gold Ends Lower As Dollar Strengthens

Fri, 14 Aug 2015 18:09:11 GMT : Gold futures ended lower for a second straight session on Friday, as the dollar strengthened against a basket of some major currencies, after some mixed economic data from the U.S. with industrial production rising more than expected in July.

American Flag Raised At U.S. Embassy In Cuba

Fri, 14 Aug 2015 17:12:11 GMT : After more than half a century, the American flag was raised over the U.S. Embassy in Cuba in a ceremony on Friday. The raising of the flag was a symbolic move as part of President Barack Obama's efforts to normalize American-Cuban relations.

Stocks Turning In Another Lackluster Performance - U.S. Commentary

Fri, 14 Aug 2015 16:40:38 GMT : After ending the previous session little changed, stocks are turning in another lackluster performance during trading on Friday. The major averages have spent much of the day bouncing back and forth across the unchanged line.

Emirates To Operate Longest Air Route Between Dubai - Panama

Fri, 14 Aug 2015 14:46:33 GMT : Emirates, the flagship carrier of United Arab Emirates, will introduce the longest non-stop airline route from Dubai to Panama City. The flight will cover 13,821 kilometers or 8590 miles in 17 hours and 35 minutes in the Westbound direction. The new schedule will start operating from February 1, 2016.

Stocks Move Modestly Higher In Early Trading - U.S. Commentary

Fri, 14 Aug 2015 14:41:45 GMT : Stocks have moved modestly higher in early trading on Friday, although buying interest has remained relatively subdued. The Dow and the S&P 500 have climbed into positive territory, but the Nasdaq is lingering near the unchanged line.

U.S. Consumer Sentiment Index Unexpectedly Edges Lower In August

Fri, 14 Aug 2015 14:12:52 GMT : Consumer sentiment in the U.S. unexpectedly saw a slight deterioration in the month of August, the University of Michigan revealed in a report on Friday. The report said the preliminary reading on the consumer sentiment index for August came in at 92.9 compared to the final July reading of 93.1.

Most Americans Disapprove Of Obama's Handling Of Iran

Fri, 14 Aug 2015 13:53:11 GMT : As President Barack Obama looks to build support for the nuclear agreement with Iran, the results of a new Gallup poll show that most Americans disapprove of his handling of the situation in the Islamic Republic.

J.C. Penney Q2 Loss Narrows, Results Beat View

Fri, 14 Aug 2015 13:48:45 GMT : Department store chain J.C. Penney Co. Inc. on Friday reported a loss for the second quarter that narrowed from last year, driven by higher sales and improved margins. Loss per share for the quarter was narrower than analysts' expectations and revenues beat their estimates.

U.S. Industrial Production Climbs More Than Expected In July

Fri, 14 Aug 2015 13:39:00 GMT : With manufacturing output showing a notable rebound, the Federal Reserve released a report on Friday showing that U.S. industrial production increased by more than expected in the month of July. The report said industrial production climbed by 0.6 percent.

U.S. Producer Prices Rise 0.2% In July, More Than Expected

Fri, 14 Aug 2015 13:06:50 GMT : Partly reflecting an increase in prices for services, the Labor Department released a report on Friday showing that producer prices in the U.S. rose by slightly more than expected in the month of July.

Stocks May Move To The Downside In Early Trading - U.S. Commentary

Fri, 14 Aug 2015 12:53:36 GMT : Following the lackluster performance seen throughout much of the previous session, stocks may move to the downside in early trading on Friday. The major index futures are pointing to a modestly lower open for the markets, with the Dow futures down by 33 points.

Wuxi PharmaTech To Be Taken Private By CEO-led Group In $3.3 Bln Deal

Fri, 14 Aug 2015 12:47:22 GMT : Chinese drug-research contractor WuXi PharmaTech (Cayman), Inc. agreed Friday to be taken private by a consortium led by its Founder, Chairman and CEO Ge Li and, Ally Bridge Group Capital Partners in a deal valued at $3.3 billion. The deal, expected to close during the fourth quarter of 2015, is unanimously approved by WuXi PharmaTech's board of directors.

Eurozone GDP Growth Loses Momentum

Fri, 14 Aug 2015 12:38:48 GMT : Eurozone economic growth slowed slightly in the second quarter despite slight improvement in Germany, as France came to a halt, restoring the divergence between the two largest euro area economies. Gross domestic product expanded 0.3 percent sequentially in the June quarter, preliminary data from Eurostat showed Friday. The rate of growth was expected to remain unchanged at 0.4 percent.

Wall Street Nervous Ahead Of Data

Fri, 14 Aug 2015 10:30:43 GMT : Wall Street is set to tow in line with the lackluster trend in the previous session, as the major U.S. index futures point to a negative open on Friday. The guarded mood reflects nervousness concerning the course of monetary policy. Traders are likely to focus their attention on the industrial production, consumer sentiment and producer price inflation data due for the day along with a host of global catalysts. For the first day in four, the Chinese central bank set the reference rate for the yuan higher. The dollar is mixed and commodities are also seeing subdued trading. The Greek Parliament has approved the bailout agreement between Greece and its creditors even as there was dissent among ruling party members. Meanwhile, second quarter GDP data from the eurozone came in softer than expected.

Asian Markets Mixed As Commodities Drag On Resource Stocks

Fri, 14 Aug 2015 09:20:58 GMT : Asian shares turned in a mixed performance on Friday, as lackluster cues from Wall Street and weak commodity prices tempered gains resulting from easing concerns over a full-blown currency war. Fears about a rapid yuan devaluation subsided after the People's Bank of China today set the currency's daily reference point a tad higher from the previous day's midpoint. Surprisingly, the move comes a day after the central bank said there was no basis for continued currency depreciation.

Greek Parliament Approves Bailout Deal With Dissent From Ruling Party

Fri, 14 Aug 2015 08:55:41 GMT : The Greek Parliament has approved a draft agreement with its creditors over the terms of the third bailout which would help the nation stay afloat. The proposed deal was put to vote Friday morning after marathon debate overnight, which witnesses heated exchanges. The deal received a handsome support of 222 members against 64 'no' votes and 11 abstentions, although Prime Minister Alexis Tsipras f

Germany's Growth Improves; France Stagnates In Q2

Fri, 14 Aug 2015 08:48:31 GMT : Germany's economic growth improved in the second quarter as a weaker euro underpinned exports, while the French economy faltered as growth in shipments was offset by a notable fall in investment. German gross domestic product rose 0.4 percent quarter-on-quarter, slightly faster than the 0.3 percent expansion seen in the first three months of the year, preliminary data from Destatis showed Friday.

ONTX Inspired, Avalanche Triggers Panic Again, NBIX Awaits Data In Q4

Fri, 14 Aug 2015 06:41:24 GMT : Shares of Avalanche Biotechnologies Inc. (AAVL) slumped more than 14% in after-hours trading on Thursday as the company announced that it will not initiate a phase 2b clinical trial of AVA-101 for the potential treatment of wet age-related macular degeneration, which was supposed to be initiated in the second half of 2015.

European Stocks Seen Flat Ahead Of GDP And Inflation Data

Fri, 14 Aug 2015 06:07:12 GMT : European stocks are set to open largely unchanged on Friday as investors look forward to a string of U.S. and European data to assess the outlook for global growth.

Asian Markets Mixed Amid Cautious Trades

Fri, 14 Aug 2015 03:26:22 GMT : Asian stock markets are exhibiting a mixed trend on Friday, tracking the lackluster cues overnight from Wall Street and lower commodity prices. Investors are treading cautiously following the recent currency-based volatility. Meanwhile, China's central bank on Friday increased the yuan's reference rate against the U.S. dollar for the first time since the yuan's devaluation on Tuesday.

Applied Materials Profit In Line; Details Weak Q4

Thu, 13 Aug 2015 23:14:06 GMT : Semiconductor equipment maker Applied Materials reported a higher third-quarter profit, driven by a 10 percent increase in sales, partly offset by lower margins. However, quarterly earnings came in line with Wall Street estimates, while sales missed expectations.

Nordstrom Results Top Estimates

Thu, 13 Aug 2015 22:15:44 GMT : Nordstrom Inc. said Thursday after the markets closed that its second quarter profit rose 15% from last year, helped by higher revenue and a gain on reclassification of receivables related to the pending sale of its U.S. credit card portfolio. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Stocks Finish Lackluster Trading Session Little Changed - U.S. Commentary

Thu, 13 Aug 2015 20:17:49 GMT : Stocks showed a lack of direction throughout much of the trading day on Thursday before ending the session little changed. The choppy trading came as traders seemed reluctant to make significant moves following recent volatility.

Crude Oil Ends Sharply Lower, At 6-Year Lows

Thu, 13 Aug 2015 19:09:41 GMT : U.S. crude oil plunged to end at a more than 6-year low on Thursday, as concerns over China eased with the Chinese central bank providing clarification of the devaluation of yuan and the dollar trending higher after some upbeat economic data from the U.S.

Trump Suggests He Would Tweet Less If Elected President

Thu, 13 Aug 2015 18:52:17 GMT : Republican presidential candidate Donald Trump is well known for lashing out at his enemies on Twitter but suggested he might tweet less if elected.

Ben Carson Admits Using Fetal Tissue In Medical Research

Thu, 13 Aug 2015 18:33:24 GMT : In a potentially damaging revelation, Republican presidential candidate Ben Carson has admitted using tissue from aborted fetuses for medical research in the early 1990s.

Gold Ends Lower As Dollar Strengthens

Thu, 13 Aug 2015 18:18:03 GMT : Gold futures snapped a five-day gain to end lower on Thursday, as the dollar trended higher and after Chinese central bank officials defended its move to devalue the yuan spurring a recovery in global equity markets. The precious metal also tracked some upbeat economic data from the U.S. with retail sales rising in July albeit in line with estimates.

Poll Shows Trump, Clinton Leading In Iowa Caucuses

Thu, 13 Aug 2015 17:52:02 GMT : Following last week's well-publicized debate, the results of a new CNN/ORC International poll show real estate mogul Donald Trump with a commanding lead in the Iowa Republican caucus. The poll found that 22 percent of likely Iowa caucus-goers support Trump.