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  • 08/18/2017 15:27:42

    BRIEF-Bankrate Inc, Red Ventures received request for additional information from FTC in connection with FTC's review ...

    Bankrate Inc(RATE): * Bankrate Inc(RATE) - ‍on Aug 18, co, Red Ventures received request for additional information from FTC in connection with FTC's review of merger​. * Bankrate (RATE) - ‍parties continue to expect that all required regulatory approvals for merger to be obtained, that merger will be completed by end of 2017​ Source text: Further company coverage:

  • 08/18/2017 14:36:16

    Fitch upgrades Greece's debt one notch to B-

    Fitch Ratings late Friday upgraded its rating on Greece's sovereign debt one notch to B-, from CCC, with a positive outlook, saying that country's economy is "gradually recovering" and public finances are improving. The country's debt sustainability "will steadily improve," underpinned by on-going compliance with the terms of the European Stability Mechanism program, and reduced political risk, sustained GDP growth, and additional fiscal measures to take effect through 2020, Fitch said in a statement. The B-rating is "highly speculative." Greece last month returned to the bond market for the first time since 2014, selling 3 billion euros of five-year bonds, on offer that was oversubscribed. Ratings agency Moody's Investors Service in June also upgraded Greece's debt. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/18/2017 09:55:11

    Wall Street pares losses on report of Bannon's likely exit

    (Reuters) - U.S. stocks pared losses in late morning trading on Friday after a report by news website Axios that White House Senior Adviser Steve Bannon could exit soon.

  • 08/17/2017 19:19:39

    Chris Wanstrath stepping down as GitHub CEO: report

    Chris Wanstrath will step down as chief executive of GitHub, the developer platform startup, according to a report late Thursday. Wanstrath, who co-founded San Francisco-based GitHub, will remain as CEO until a new one is hired, Forbes reported. He will then become the company's executive chairman. GitHub says it has about 20 million users and has passed $200 million in annualized recurring revenue, and is valued by investors at about $2 billion. Wanstrath is in his second stint as GitHub CEO, after returning to the position in 2014. "I'm confident that this is the moment to find a new CEO to lead us into the next stage of growth," Wanstrath said in a statement.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 14:52:35

    Dow industrials just marked the first tumble of at least 1% in 64 sessions

    The Dow Jones Industrial Average on Thursday closed with its first drop of at least 1%, snapping a streak that had run for more than 60 sessions. The Dow finished 274 points, or 1.2%, lower at 21,750, as the broader stock market faced its biggest selloff since last week's North Korea-fueled jitters. The blue-chip gauge's absence of down days of at least 1% was the longest since a 69-day streak ended Oct. 25, 1995, or about 22 years, according to WSJ Market Group Data. Thursday's fall for the Dow came as the broader market appeared to be fretting about a number of bearish factors, including a record-setting market that has been viewed as too rich and due for a pullback, concerns about the health of the economy and the Federal Reserve's comfort in normalizing interest rates amid levels of inflation that have run below their 2% target, considered indicative of a normally functioning economy. Heightened questions about President Donald Trump's ability to pass a raft of pro-growth policies amid the business world's fervent denouncement of his reaction to a white-supremacist rally also has helped to erode bullish sentiment. "Markets have been looking for an excuse to sell off for a few months. We may now have that excuse," said David Schiegoleit, managing director of investments at U.S. Bank Private Wealth Management. "The most recent political discourse coming out of Washington adds further risk of the President's tax reform agenda being jeopardized. This would be a fundamental blow to stocks," he said. The S&P 500 index , meanwhile, ended down 1.5% at 2,430 and the Nasdaq Composite Index shed 1.9% at 6,221. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 14:16:51

    Wall Street's 'fear gauge'--the VIX--jumps 33% amid tumbling Dow, Barcelona terror attack

    A widely followed gauge of fear and volatility on Wall Street spiked in Thursday, underscoring a sudden pickup of worry amid hand-wringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index traded up about 33% at 15.55 in recent trade. The index, which tracks options bets on the S&P 500 index 30-days in the future typically moves inversely with stocks and is viewed as a gauge of the market's wager on pullbacks in the market, because stocks tend to fall faster than they rise. Thursday's climb in the so-called fear gauge, also known as the VIX, coincided with a more-than 200-point tumble in the Dow Jones Industrial Average and a sharp retreat in the S&P 500 index . Stock investors have been shaken by uncertainty around President Trump's ability to get through his business-friendly legislative reforms after a trove of Wall Street leaders defected from key presidential advisory committees resulting in their disbanding altogether on Wednesday in reaction to the president's response to a weekend white-supremacist rally in Charlotesville, Va., that resulted in the death of Heather Heyer. The downdraft in the market also comes as a terror attack was being reported by local officials in Barcelona, where at least 13 people were reported dead as well as 50 injured. Concerns about the Fed's acknowledgement that tepid inflation is raising concerns that the economy isn't firing on all cylinders helped to deflate sentiment. Earlier in the week, the market been enjoying a slight updraft after last week's rough patch. In jeopardy is a four-session rally for the Dow industrials. More broadly, the yield on the 10-year Treasury note was down at 2.19%, with prices rising and yields falling, while haven gold was settled up 0.7% at $1,292.40 an ounce. Those assets tend to rise when investors adopt a more "risk off" posture, dumping assets perceived as risky in times of uncertainty. At last check, the Dow ended down 274 points, or 1.2%, at 21,750, the S&P 500 closed off by 1.4% at 2,430, while the Nasdaq Composite closed 1.9% lower at 6,221. Concerns about equity valuations also have made stocks more vulnerable to pullbacks, market participants said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 13:47:56

    Wall Street's 'fear gauge'--the VIX--jumps 34% amid tumbling Dow, Barcelona terror attack

    A widely followed gauge of fear and volatility on Wall Street spiked in Thursday afternoon trade, underscoring a sudden pickup of worry amid handwringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index was up about 34% at 15.77 in recent trade. The index, which tracks options bets on the S&P 500 index 30-days in the future typically moves inversely with stocks and is viewed as a gauge of the market's wager on pullbacks in the market, because stocks tend to fall faster than they rise. Thursday's climb in the so-called fear gauge, also known as the VIX, coincided with a more-than 200-point tumble in the Dow Jones Industrial Average and a sharp retreat in the S&P 500 index . Stock investors have been shaken by uncertainty around President Trump's ability to get through his business-friendly legislative reforms after a trove of Wall Street leaders disbanded from key presidential advisory committees resulting in their disbanding on Wednesday in reaction to the president's response to a weekend white-supremacist rally in Charlotesville, Va., that resulted in the death of Heather Heyer. The downdraft in the market also comes as a terror attack was being reported by local officials in Barcelona, where at least 13 people were reported dead as well as 50 injured. Concerns about the Fed's acknowledgement that tepid inflation is raising concerns that the economy isn't firing on all cylinders is adding to deflating sentiment. Earlier in the week, the market been enjoying a slight updraft after last week's rough patch. In jeopardy is a four-session rally for the Dow industrials. More broadly, the yield on the 10-year Treasury note was down at 2.19%, with prices rising and yields falling, while haven gold was settled up 0.7% at $1,292.40 an ounce. Those assets tend to rise when investors adopt a more "risk off" posture, dumping assets perceived as risky in times of uncertainty. At last check, the Dow was down 246 points, or 1.2%, at 21,777, the S&P 500 was off 1.4% at 2,433, while the Nasdaq Composite was down 1.7% at 6,239. Concerns about equity valuations also have made stocks more vulnerable to pullbacks, market participants said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 13:46:17

    Dow industrials threaten to book first tumble of at least 1% in 64 sessions

    The Dow Jones Industrial Average on Thursday was on pace to close with its first drop of at least 1%, snapping a streak that had run for more than 60 sessions. The Dow was trading down 243 points, or 1.1%, at 21,782, as the broader stock market faced its biggest selloff since last week's North Korea-fueled jitters. The blue-chip gauge's absence of down days of at least 1% was the longest since a 69-day streak ended Oct. 25, 1995, or about 22 years, according to WSJ Market Group Data. Thursday's fall for the Dow came as the broader market appeared to be fretting about a number of bearish factors, including a record-setting market that has been viewed as too rich and due for a pullback, concerns about the health of the economy and the Federal Reserve's comfort in normalizing interest rates amid levels of inflation that have run below their 2% target, considered indicative of a normally functioning economy. Heightened questions about President Donald Trump's ability to pass a raft of pro-growth policies amid the business world's fervent denouncement of his reaction to a white-supremacist rally also has helped to erode bullish sentiment. TheS&P 500 index , meanwhile, was down 1.4% at 2,433 and the Nasdaq Composite Index was shedding 1.7% at 6,237. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 13:20:55

    Wall Street's 'fear gauge'--the VIX--jumps 25% amid tumbling Dow, Barcelona terror attack

    A widely followed gauge of fear and volatility on Wall Street spiked in Thursday afternoon trade, underscoring a sudden pickup of worry amid handwringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index was up about 25% at 14.71 in recent trade. The index, which tracks options bets on the S&P 500 index 30-days in the future typically moves inversely with stocks and is viewed as a gauge of the market's wager on pullbacks in the market, because stocks tend to fall faster than they rise. Thursday's climb in the so-called fear gauge, also known as the VIX, coincided with a 200-point tumble in the Dow Jones Industrial Average and a sharp retreat in the S&P 500 index . Stock investors have been shaken by uncertainty around President Trump's ability to get through his business-friendly legislative reforms after a trove of Wall Street leaders disbanded from key presidential advisory committees resulting in their disbanding on Wednesday in reaction to the president's response to a weekend white-supremacist rally in Charlotesville, Va., that resulted in the death of Heather Heyer. The downdraft in the market also comes as a terror attack was being reported by local officials in Barcelona, where at least 13 people were reported dead as well as 50 injured. Concerns about the Fed's acknowledgement that tepid inflation is raising concerns that the economy isn't firing on all cylinders is adding to deflating sentiment. Earlier in the week, the market been enjoying a slight updraft after last week's rough patch. In jeopardy is a four-session rally for the Dow industrials. More broadly, the yield on the 10-year Treasury note was down at 2.19%, with prices rising and yields falling, while haven gold was settled up 0.7% at $1,292.40 an ounce. Those assets tend to rise when investors adopt a more "risk off" posture, dumping assets perceived as risky in times of uncertainty. At last check, the Dow was down 218 points, or 1%, at 21,810, the S&P 500 was off 1.3% at 2,436, while the Nasdaq Composite was down 1.7% at 6,239. Concerns about equity valuations also have made stocks more vulnerable to pullbacks, market participants said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 11:29:17

    Wall Street's 'fear gauge'--the VIX--jumps nearly 30% amid falling Dow, Barcelona terror attack

    A widely followed gauge of fear on Wall Street spiked in Thursday afternoon trade, underscoring a sudden pickup of worry in the market amid handwringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index was up 27% at 15. The index, which tracks options bets on the S&P 500 index 30-days in the future typically moves inversely with stocks and is viewed as a gauge of the market's bets on pullbacks in the market because stocks tend to fall faster than they rise. Thursday's climb in the so-called fear gauge, also known as the VIX, coincided with a nearly 200-point tumble in the Dow Jones Industrial Average and a 1% retreat in the S&P 500 index . Stock investors have been hammered by uncertainty around President Trump's ability to get through his business-friendly legislative reforms after a trove of Wall Street leaders disbanded from key presidential advisory committees resulting in their disbanding on Wednesday in reaction to the president's response to a weekend white-supremacist rally in Charlotesville, Va., that resulted in the death of Heather Heyer. The downdraft in the markets also come as a terror attack was being reported in Barcelona, where at least one person was reported dead by local police. Concerns about the Fed's acknowledgement that tepid inflation is raising concerns that the economy isn't firing on all cylinders also is pressuring markets. Those factors are combining to reverse what had been a slight updraft for markets after last week's rough patch. In jeopardy is a four-session rally for the Dow industrials. More broadly, the yield on the 10-year Treasury note was down at 2.20%, with prices rising and yields falling, while haven gold was trading up 0.7% at $1,291 an ounce. Those assets tend to rise when investors adopt a "risk off" posture, dumping assets perceived as risky in times of uncertainty. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 10:59:47

    Reps. Cummings, Welch to launch investigation into multiple sclerosis drug prices

    Rep. Elijah Cummings (D-Md.) and Rep. Peter Welch (D-Vt.) said Thursday morning that they are launching an investigation into multiple sclerosis drug prices, and have sent letters to seven pharmaceutical companies about their pricing strategies. Letters were sent to Bayer AG , Biogen Inc. , Merck & Co.'s EMD Serono, Novartis AG , Sanofi SA , Teva Pharmaceutical Industries Ltd. and Roche Holding AG . Biogen shares declined 2.9% in heavy midday trade and Teva shares declined 1.1% in moderate trade. The lawmakers asked for information to evaluate multiple sclerosis drugs' "substantial price increases, including information about corporate profits and expenses and documents concerning pricing strategies, patient assistance programs, and drug distribution systems," and requested a response by the end of the month. The average price of a multiple sclerosis disease-modifying therapy rose from $16,000 in 2004 to about $84,000 in 2017, according to the National Multiple Sclerosis Society (the numbers refer to average wholesale price, which does not reflect often-substantial discounts and rebates). Prices for drugs sold by the seven drugmakers have increased by as much as 1,002% since 2012, according to information from the National Multiple Sclerosis Society cited by the two representatives. The lawmakers said that their letter referred to an American Academy of Neurology study that found "some drug companies appear to be increasing their prices and setting new, higher prices in lockstep in competitors," which may reflect a phenomenon called "shadow pricing" in which companies respond to eachothers' price increases. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 10:59:34

    Barcelona officials call van attack apparent terrorism; fatalities reported

    A vehicle ran into a crowd in central Barcelona, according to multiple news reports citing Spanish police, with police reportedly concluding the attack was a terrorist action. The attack reportedly involving a white van occurred near Plaza Catalunya in the Spanish city's busy and heavily touristed Ramblas area. Police have confirmed fatalities in the attack, the Associated Press and others reported. The AP cited the police as putting the death count at 13, with at least 20 additional people injured. Local media in Barcelona were reporting that hostages were being held at a restaurant in the vicinity.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 10:26:19

    Vehicle strikes pedestrians in central Barcelona: reports

    A vehicle ran into a crowd in central Barcelona, injuring several pedestrians, according to multiple news reports citing Spanish police, with some media outlets indicating officials had characterized the incident as an intentional attack. The crash reportedly involving a white van occurred in or near Plaza Catalunya in the Spanish city's busy and heavily touristed Ramblas area. Local media in Barcelona were reporting that hostages were being held at a restaurant in the vicinity.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 10:05:48

    Westlake Reimburses Borrowers Charged Over 21% APR

    The Massachusetts Division of Banks has ordered several fines and penalties against a number of buy-here-pay-here auto lenders — including Westlake Financial Inc.’s subsidiary Western Funding Inc. — for failure to obtain proper licensing and illegal lending practices. Last week, the agency announced in a press release that Westlake enteredRead More

  • 08/17/2017 08:01:58

    ADP's stock could more than double in less than 4 years, Ackman's Pershing Square says

    Shares of Automatic Data Processing Inc. could more than double in less than four years, if the payroll services company fulfill's its potential, according to hedge fund Pershing Square Capital Management, which is run by billionaire activist investor Bill Ackman. In a presentation to investors, Pershing said the value of ADP's stock, which was down 1.4% at $109.54 in morning trade, can rise to $221 to $255 a share by June 21, with "not changes in the credit rating, capital structure, dividend policy, or clients funds investment strategy." Pershing said ADP's "buy" instead of "build" strategy has led to weak product offerings, most notably in enterprise, and inefficient legacy back-end infrastructure. "ADP's focus on 'hitting the numbers' has led to value-destructive decisions with negative long-term consequences," Pershing wrote in the presentation. ADP diclosed earlier this month that Pershing, which owns 36.8 million ADP shares, or an 8.3% stake, was seeking to take five board seats and change the CEO. In an interview on CNBC last week, ADP CEO Carlos Rodriguez called Ackman "a spoiled brat." stock has gained 22% over the past 12 months, while the S&P 500 has rallied 13%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 06:32:52

    Alibaba's stock rallies on heavy volume toward record high

    Shares of Alibaba Group Holdings Ltd. rallied toward a record high on heavy volume in premarket trade Thursday, as investors cheered the China-based e-commerce giant's better-than-expected results. The stock traded up 4.9% at $167.27 ahead of the open, above Wednesday's record close of $159.50 and all-time intraday high of $158.32. Volume topped 4.5 million shares an hour before the open, enough to make the stock the most actively traded in the premarket. The full-day average volume over the past 30 days is 14.7 million shares, according to FactSet. Alibaba reported earlier fiscal first-quarter earnings and revenue that beat expectations. The stock has rocketed 81.6% year to date through Wednesday, while shares of U.S.-based e-commerce giant Amazon.com Inc. have run up 30.5% and the S&P 500 has gained 10.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/16/2017 17:23:15

    What's in a name?

    China's ban on names such as "scared of wife" or "prehistoric powers" comes after a crackdown on what Beijing regards as strange buildings.

  • 08/16/2017 16:32:09

    Google acquires AI vision tech firm, Fabby app maker AIMatter: report

    Alphabet Inc.'s Google acquired a startup to help it with its artificial intelligence vision tech, according to report late Wednesday. Google acquired Belarus-based AIMatter, a company that uses a neural network to help detect and process images on mobile devices, according to TechCrunch. Terms of the deal were not disclosed. AIMatter makes the Fabby app, which uses AI to recognize different parts of selfies to apply effects and alterations. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/16/2017 13:58:04

    Trump administration to make August Obamacare cost-sharing payments

    The Trump administration plans to make the Affordable Care Act's cost-sharing reduction payments this month, a White House spokesman told MarketWatch on Wednesday. The news comes the day after a Congressional Budget Office report found that withholding the payments would increase the federal deficit by $194 billion between 2017 and 2026 and increase gross premiums for certain ACA plans. President Trump has previously threatened to not make the payments, which are scheduled for August 21. The cost-sharing reduction payments pay back health insurers for the increased cost of certain plans on the ACA's marketplaces.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/16/2017 06:26:27

    Amazon's stock slips after President Trump tweet that company is doing 'great damage'

    Shares of Amazon.com Inc. slipped 0.3% in premarket trade Wednesday, but pared earlier losses, after President Donald Trump tweeted that the e-commerce giant was "doing great damage to tax paying retailers." The stock had fallen as much as 0.9% within a few minutes after the tweet, which went out at 6:12 a.m. ET. Separately, analyst Youssef Squali at SunTrust Robinson Humphrey initiated coverage of Amazon with a buy rating and $1,220 stock price target, which was 24% above Tuesday's closing price of $982.74. Squali said that while the stock isn't cheap on a relative basis, it is "fundamentally compelling" as it dominates the e-commerce space with about 40% market share. He said with the impending acquisition of Whole Foods Market Inc. , Amazon is also positioning itself as a major player in groceries. "Combined with a growing wave of physical store closings, rise of online private labels and strengthening of its logistics network, this move should help Amazon accelerate the pace of disruption of retail to gain share both offline and online," Squali wrote in a note to clients. The stock has soared 31% year to date, while the S&P 500 has gained 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 19:18:39

    UPDATE 2-Taiwan suffers massive power cut, affecting millions of households

    TAIPEI, Aug 16 (Reuters) - Taiwan suffered a massive power blackout on Tuesday evening that hit businesses and residential homes, affecting close to seven million households on the heavily industrialised island amid sweltering heat.

  • 08/15/2017 12:40:17

    CBO: Trump threat to scrap cost-sharing payments would increase federal deficits, premiums

    Withholding the Affordable Care Act's cost-sharing reduction payments, which President Donald Trump has threatened to do, would increase federal deficits and increase gross premiums for certain ACA plans, the Congressional Budget Office said in a report released Tuesday. It would also mean that about 5% of people would be living in areas with no individual market insurers in 2018, the CBO found, but people in "almost all areas" would likely have access to individual market plans by 2020. The cost-sharing reduction payments pay back health insurers for the increased cost of certain plans on the ACA's marketplaces. The payments being withheld would mostly affect silver ACA plans, increasing gross premiums by 20% in 2018 and 25% by 2020, according to the report. Other people buying individual market plans might face slight increases over the next two years but net premiums would largely be similar to or less than what they would otherwise be, the report said. Federal deficits, though, would increase by $6 billion in 2018, $21 billion in 2020 and $26 billion in 2026. The number of uninsured people would be slightly higher next year but slightly lower beginning in 2020. The CBO added a substantial caveat to all of its findings, noting that "those effects are uncertain and would depend on how the policy was implemented."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 11:16:21

    Can't wait for delivery? Amazon offers instant pickup

    Need some chips fast? Amazon has you covered. The Seattle-based company launched a new service Tuesday that lets Prime members pick up snacks, cold drinks or phone chargers within two minutes of ordering them online.

  • 08/15/2017 10:03:28

    Average Fico Drops in Nissan’s Latest ABS Issuance

    The weighted average Fico score in Nissan Motor Acceptance Corp.’s latest securitization dropped 3 points to 772 — as compared to the captive’s previous transaction — yet still ranks among the highest credit quality of issuances that Moody’s Investors Service has rated, according to the presale report released last week.Read More

  • 08/15/2017 10:02:00

    Tips to Avoid the 6 Biggest Credit Card Fees

    Credit card fees can cost you a fortune. Here are some tips for avoiding fees to make sure you're not wasting your hard-earned cash on unnecessary costs that creditors charge you.

  • 08/15/2017 09:36:13

    UPDATE 1-Taiwan suffers massive power cut, affecting millions of households

    TAIPEI, Aug 15 (Reuters) - Taiwan suffered a massive power blackout on Tuesday evening that hit businesses and residential homes, affecting close to seven million households, the government said.

  • 08/15/2017 09:35:23

    Amazon to sell debt in order to pay for Whole Foods deal

    Amazon.com Inc. did not say how much money it plans to raise when it sells the senior unsecured notes, but credit ratings agency Moody's said Tuesday that the company is raising up to $16 billion.

  • 08/14/2017 14:26:42

    BRIEF-Scientific Games announces completion of refinancing transaction

    Scientific Games Corp(SGMS)- * Scientific Games(SGMS) announces completion of refinancing transaction. * Scientific Games Corp (SGMS) - unit completed an amendment to its credit agreement that extended maturity of its $3.283 billion of existing term loans. * Scientific Games Corp (SGMS) - all of term loans under credit agreement are now scheduled to mature on august 14, 2024 Source text for Eikon: Further company coverage:

  • 08/14/2017 14:07:02

    Dow closes up 135 points as North Korea tensions ease

    U.S. stock benchmarks rallied Monday, as a recent aversion to assets considered risky on the back of fears about tensions between the U.S. and North Korea receded somewhat. The Dow Jones Industrial Average closed up by 0.6% to end at 21,993, led by about jumps in shares of Goldman Sachs Group Inc. and Apple Inc. . The S&P 500 index advanced 1% at 2,466, buoyed by a 1.4% surge in financials and 1.6% surge in the technology sector [s:XLK], while the tech-heavy Nasdaq Composite Index rose 1.3% at 6,340--its best daily raise since June 28. The rebound in equities follows one of the worst weeks in U.S. stock benchmarks in months, and also comes after a weekend of violence in Charlottesville, Va., which was the scene of angry clashes centered on a white-supremacist rally that left one person dead. Shares of Merck & Co. Inc. rose 0.5% as CEO Kenneth Frazier resigned from President Donald Trump's American Manufacturing Council, citing his disagreement with POTUS's response to the Virginia violence. In other corporate news, shares of Tesla Inc. rose nearly 1.7% higher after Baird analyst Ben Kallo, a longtime Tesla bull, hiked his price target for the electric-car maker's stock to $411 from $368. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/14/2017 13:59:29

    Dow jumps about 130 points as North Korea tensions ease

    U.S. stock benchmarks rallied Monday afternoon, as a recent aversion to assets considered risky on the back of fears about tensions between the U.S. and North Korea receded somewhat. The Dow Jones Industrial Average rose 0.6% around 22,000, led by about jumps in shares of Goldman Sachs Group Inc. and Visa Inc.. The S&P 500 index advanced 1% at 2,466, buoyed by a 1.1% surge in the financials and technology sectors [s:XLK], and the tech-heavy Nasdaq Composite Index rose 1.4% at 6,341. The rebound in equities follows one of the worst weeks in U.S. stock benchmarks in months, and also comes after a weekend of violence in Charlottesville, Va., which was the scene of angry clashes centered on a white-supremacist rally that left one person dead. Shares of Merck & Co. Inc. rose 0.6% as CEO Kenneth Frazier resigned from President Donald Trump's American Manufacturing Council, citing his disagreement with POTUS's response to the Virginia violence. In other corporate news, shares of Tesla Inc. rose nearly 2% higher after Baird analyst Ben Kallo, a longtime Tesla bull, hiked his price target for the electric-car maker's stock to $411 from $368. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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