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  • 01/18/2018 17:14:01

    Trump lawyer used shell company to pay off ex-porn star: report

    President Donald Trump's personal attorney used a shell company and pseudonyms to pay for a former porn star's silence over claims that she had a sexual encounter with Trump, according to a Wall Street Journal report Thursday. Citing corporate documents and confidential sources, the Journal reported Michael Cohen opened a private Delaware company in October 2016 and then used a bank account linked to the company to pay $130,000 to Stephanie Clifford, also known as Stormy Daniels, in exchange for a nondisclosure agreement. Both parties used pseudonyms to mask the transaction, the Journal said. Cohen, however, used his own name as an "authorized person" for the company, the Journal reported, rather than hiring a lawyer for that task to hide his identity. Cohen told the Journal last week that Trump denies the claims. This week, the magazine In Touch Weekly ran a 2011 interview with Clifford in which she describes the 2006 sexual encounter with Trump, though she has since denied details of the affair.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.

  • 01/18/2018 17:02:49

    ADT prices IPO below target

    ADT Inc. said Thursday that it is pricing its initial public offering at $14 a share, which is below the $17 to $19 range the company targeted. The company is expected to start trading Friday and is listed on the New York Stock Exchange under the ticker "ADT." At $14 a share, the company has raised about $1.6 billion, suggesting a market capitalization of just over $10 billion. Morgan Stanley, Goldman Sachs, Barclays, Deutsche Bank Securities, and RBC Capital Markets are acting as joint book-runners for the IPO. Private equity firm Apollo Global Management took the firm private in a $6.9 billion leveraged buyout in February 2016. Apollo will continue to own a majority stake, making it a "controlled company" under NYSE rules. According to the company's prospectus, a survey found that ADT has 95% brand awareness. ADT hasn't yet released its 2017 financial results and has only been able to offer investors expectations ahead of the IPO.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.

  • 01/18/2018 14:35:45

    BRIEF-Mindbody Inc And Silicon Valley Bank Enter Third Amendment To Loan And Security Agreement

    Mindbody Inc(MB): * Mindbody Inc(MB) - ‍ON JAN. 12, 2018, CO AND SILICON VALLEY BANK ENTERED INTO A THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT - SEC FILING​. * Mindbody Inc (MB) - ‍THIRD AMENDMENT EXTENDS MATURITY DATE OF REVOLVING LINE FROM JANUARY 12, 2018 TO JANUARY 11, 2019​. * MINDBODY-THIRD AMENDMENT INCLUDES ACCORDION FEATURE FOR REVOLVING LINE, SUCH THAT REVOLVING LINE MAY BE INCREASED B...

  • 01/18/2018 14:22:55

    Bank of New York Mellon and Albemarle skid while AES soars

    Bank of New York Mellon and Albemarle trade lower while AES and La Quinta Holdings rise

  • 01/18/2018 14:19:26

    BRIEF-Independent Bank Q4 Earnings Per Share $0.80

    Independent Bank Corp: * . REPORTS FOURTH QUARTER NET INCOME OF $22.1 MILLION. * Q4 EARNINGS PER SHARE $0.80. * Q4 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S. * Q4 OPERATING EARNINGS PER SHARE $0.89 EXCLUDING ITEMS. * - NET INTEREST INCOME FOR Q4 INCREASED 1.1% TO $67.8 MILLION COMPARED TO $67.1 MILLION IN PRIOR QUARTER Source text for Eikon: Further company coverage:

  • 01/18/2018 14:09:33

    MOVES-Bank of America, Cushman & Wakefield, Baillie Gifford

    Jan 18 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.

  • 01/18/2018 13:08:24

    SoftBank's acquisition of 15 percent of Uber closes

    Japanese technology conglomerate SoftBank says its deal to acquire 15 percent of Uber has closed

  • 01/18/2018 12:34:45

    UPDATE 1-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

    SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

  • 01/18/2018 12:17:12

    CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

    Canadian Imperial Bank of Commerce(CM) is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week.

  • 01/18/2018 12:00:37

    Brazilian prosecutors ask BNY Mellon to return $2.5 billion to local fund

    SAO PAULO (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

  • 01/18/2018 11:52:11

    CIBC eyes FirstCaribbean valuation around $1.4 bln -sources

    TORONTO, Jan 18 (Reuters) - Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week.

  • 01/18/2018 11:38:19

    Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund

    Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp (BK) return 8.2 billion reais to local pension fund Postalis, according to a statement. Prosecutors said the unit of BNY Mellon, which managed part of the assets held by Postalis, caused losses to the fund by performing irregular practices. BNY Mellon was not immediately available for comment.

  • 01/18/2018 11:37:56

    BRIEF-Jacksonville Says CNB Or Co To Pay Fee Of $2.25 Million if Deal Terminated

    Jacksonville Bancorp Inc(JXSB): * JACKSONVILLE- IF MERGER AGREEMENT WITH CNB BANK SHARES TERMINATED UNDER CERTAIN CIRCUMSTANCES,CO OR CNB TO PAY FEE OF $2.25 MILLION TO THE OTHER-SEC FILING Source text : [http://bit.ly/2mTSDMO] Further company coverage:

  • 01/18/2018 11:36:48

    Deutsche Bank CEO says overhaul will take time

    BERLIN/FRANKFURT (Reuters) - Deutsche Bank's CEO on Thursday said an overhaul of the bank would take time but plans to turn around its performance were on the right track.

  • 01/18/2018 11:12:20

    NY Fed chief tells FT that central bank should review inflation target

    New York Fed President Bill Dudley told the Financial Times the central bank should review its inflation target, which is 2%. In the context of how the Fed could act if rates again approach zero, he said it was worth considering whether to shift to a price-level target. The report also said the Fed could consider moving to an inflation target range of 1.5% to 2.5%. Dudley told the newspaper he was against increasing the inflation target to 4%.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.

  • 01/18/2018 10:36:32

    Bank of America Grows Portfolio in 4Q, Preps for ‘Softening’

    Bank of America grew its auto portfolio by $3 billion in 2017, but expects some “softening” in the coming year, the company reported in fourth-quarter earnings this week. Average loans and leases topped $53 billion in the quarter compared with $50 billion during the same period the year prior. Although the company does not break […]

  • 01/18/2018 05:10:51

    Morgan Stanley shares climb after earnings top estimates

    Morgan Stanley(MS) shares rose 1.3% premarket Thursday, after the bank's fourth-quarter earnings topped estimates. The bank said it had net income of $516 million, or 29 cents a share, in the quarter, down from $1.509 billion, or 81 cents a share, in the year-earlier period. Excluding a $990 million tax provision, the bank had EPS of 84 cents, ahead of the FactSet consensus of 64 cents.

  • 01/17/2018 19:02:39

    CORRECTED-Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

    TOKYO, Jan 18 (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

  • 01/17/2018 18:13:47

    BRIEF-Farmers Capital Bank Reports Q4 Adjusted Net Income Of $0.59 Per Share

    * FARMERS CAPITAL BANK CORPORATION ANNOUNCES FOURTH QUARTER EARNINGS

  • 01/17/2018 17:54:44

    PRESS DIGEST- Financial Times - Jan 18

    The following are the top stories in the Financial Times. Headlines. Barclays (BCS) to cut 100 senior investment bank staff. Facebook (FB) agrees to expand Brexit investigation. Rolls-Royce (RYCEF) considers sale of commercial marine unit. Overview.

  • 01/17/2018 17:21:34

    Bank of America takes tax hit, vows longer-term boost

    (Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit...

  • 01/17/2018 16:24:11

    BRIEF-Deutsche Boerse Says ‍Bank Markazi Filed Complaint Against Co's Unit Clearstream​

    Deutsche Boerse Ag: * ‍BANK MARKAZI FILED COMPLAINT AGAINST DEUTSCHE BÖRSE AG SUBSIDIARY CLEARSTREAM​. * ‍COMPLAINT FILED BEFORE LUXEMBOURG COURTS PRIMARILY SEEKS RESTITUTION OF ASSETS OF BANK MARKAZI. * COMPLAINT ALLEGES BANK MARKAZI ASSETS ARE HELD ON ACCOUNTS OF UBAE, BANK MARKAZI WITH CLEARSTREAM TOTALING ABOUT $4.9 BLN PLUS INTEREST.

  • 01/17/2018 15:10:23

    BRIEF-Laurentian Bank Of Canada Increases Prime Lending Rate To 3.45% From 3.20%​

    * LAURENTIAN BANK OF CANADA - INCREASES PRIME LENDING RATE BY 25 BASIS POINTS FROM 3.20% TO 3.45%, EFFECTIVE JAN 18, 2018​ Source text for Eikon: Further company coverage:

  • 01/17/2018 14:54:48

    BRIEF-Bank Mutual Corp Q4 Earnings Per Share $0.04

    Bank Mutual Corp(BKMU): * ORATION REPORTS NET INCOME FOR THE FOURTH QUARTER OF 2017. * Q4 EARNINGS PER SHARE $0.04. * Q4 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S. * - QTRLY NET INTEREST INCOME $19.8 MILLION VERSUS $18.5 MILLION Source text for Eikon: Further company coverage:

  • 01/17/2018 14:27:31

    BRIEF-Suncoke Energy To Finance Part Of Repayment Of Outstanding Notes Due 2019

    Suncoke Energy Inc(SXC): * SUNCOKE ENERGY - TO FINANCE PART OF REPAYMENT OF OUTSTANDING NOTES DUE 2019,TO PAY RELATED FEES, CO INCURRED INCREMENTAL TERM LOAN IN AMOUNT $45 MILLION. * SUNCOKE ENERGY - TO EVIDENCE EXISTENCE, CERTAIN TERMS OF INCREMENTAL TERM LOAN, CO ENTERED FIRST AMENDMENT TO CREDIT AGREEMENT WITH BANK OF AMERICA.

  • 01/17/2018 14:12:04

    CANADA STOCKS-TSX ends up as banks lead broad rally; gold miners weigh

    TORONTO, Jan 17 (Reuters) - Canada's main stock index ended higher on Wednesday, with banks among the most influential gainers as the Bank of Canada hiked interest rates while gold miners weighed as prices for the precious metal fell.

  • 01/17/2018 14:11:17

    Dow logs best one-day gain in 7 weeks as Boeing's stock provides 110-point lift

    The Dow Jones Industrial Average Wednesday booked its best single-session rise in about seven weeks on the back of a sharp rise in shares of Boeing Co. The Dow rose more than 320 points at at 26,115, which marked a fresh intraday high. Boeing's share rally , up 4.7%, or around $15.85, contributed about 110 points to that rally to the close. A $1 move in any one of the price-weighted Dow's 30 components equates to a 6.83-point swing. Moves in Boeing's stock have been the the most influential for the blue-chip average over the past several months. Meanwhile, the S&P 500 index ended up 0.9%, driving past a round-number at 2,800, while the Nasdaq Composite Index rallied sharply higher, to finish up 1% at 7,298. The run-up for equities followed an upbeat report from the Federal Reserve's Beige book, an anecdotal account of business conditions in the central bank's key business districts. The report suggested that stubbornly low wage growth may be on the rise. Wednesday's move for stocks also comes after the market experienced a reversal on Tuesday on fears of a government shutdown and weakness in the energy market. 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.

  • 01/17/2018 14:04:33

    MOVES- Stifel Financial, Barclays, Julius Baer

    The following financial services industry appointments were announced on Wednesday. BANK OF TOKYO-MITSUBISHI UFJ. The unit of Mitsubishi UFJ Financial Group Inc (MTU) has appointed Diana Coronel-Singson as head of global corporate banking for its Manila branch, Reuters IFR reported. BARCLAYS PLC.

  • 01/17/2018 14:01:08

    Dow ends above 26,000 for first time as stocks rally broadly

    U.S. stocks closed higher on Wednesday, with major indexes ending at records and the Dow closing above 26,000 for the first time as equities jumped in a broad advance. The Dow Jones Industrial Average rose 324 points, or 1.3%, to 26,117. The S&P 500 advanced 26 points, or 0.9%, to 2,803. The Nasdaq Composite Index closed up by 75 points, or 1%, to 7,298. All three closed at records. The day's gains were broad, with all 11 of the S&P 500's primary sectors ending higher, although technology shares were the biggest gainers of the day, up 1.5%. Positive sentiment was supported after the Beige Book from the Federal Reserve portrayed an economy that is steadily growing, although opinion on the latest tax reform was mixed. Among the day's most active movers, both Bank of America and Goldman Sachs fell after reporting their quarterly results. Bank of America lost 0.2% while Goldman lost 1.9%. On the upside, International Business Machines Corp. rose 2.8% after Barclays upgraded the stock to overweight from underweight.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.

  • 01/17/2018 13:38:30

    BRIEF-Union Bankshares Reports Q4 EPS of $0.43

    Union Bankshares Inc(UNB): * UNION BANKSHARES ANNOUNCES FOURTH QUARTER ENDED DECEMBER 31, 2017 EARNINGS AND QUARTERLY DIVIDEND PAYMENT. * Q4 EARNINGS PER SHARE $0.43. * - QTRLY ‍NET INTEREST INCOME INCREASED $709 THOUSAND, OR 11.2% TO $7.1 MILLION​ Source text for Eikon: Further company coverage:

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