Wed, 17 Dec 2014 19:16:02 -0500

Oracle posts stronger-than-expected Q2 earnings, revenue resultsIn response, Oracle shares immediately rallied by 3.6 percent initially in after-hours trading.


Wed, 17 Dec 2014 19:00:48 -0500

A trader watches a news conference on television by the Federal Reserve Chair Janet Yellen on the floor of the New York Stock ExchangeNEW YORK (Reuters) - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates.


Wed, 17 Dec 2014 18:50:14 -0500

An employee of Tokyo Stock Exchange touches his face as he works at the bourse at TSE in TokyoBy Wayne Cole SYDNEY (Reuters) - Asian shares rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble, if only for now, and oil prices eked out a rare bounce. As risk aversion ebbed, U.S. bond yields rose and the dollar regained some lost ground. In Asia, Nikkei futures were pointing to an opening increase of at least 1 percent, while stocks in Australia climbed 1. ...


Wed, 17 Dec 2014 18:13:40 -0500

FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York's Financial District. U.S. stocks are opening moderately lower Tuesday, Dec. 16, 2014, as the price of oil continues to drop. (AP Photo/Richard Drew, File)NEW YORK (AP) — The U.S. stock market had its best day in more than a year after the Federal Reserve said it would to remain "patient" in its approach to raising interest rates.


Wed, 17 Dec 2014 18:07:33 -0500
By Dan Burns and David Randall NEW YORK (Reuters) - A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. After more than five decades of frosty relations and U.S.-imposed economic embargoes, President Barack Obama unveiled plans to relax some aspects of commerce and transportation between the two countries. An outright end to the longstanding trade embargo, however, is not in the cards for now. ...
Wed, 17 Dec 2014 17:23:36 -0500
The Toronto stock market soared 352 points on Wednesday, its largest one-day jump this year, after the U.S. Federal Reserve calmed fears on interest rates.
Wed, 17 Dec 2014 16:50:53 -0500

Traders work on the floor of the New York Stock ExchangeBy Michael Connor NEW YORK (Reuters) - U.S. stock averages posted their best day this year and the dollar strengthened on Wednesday after the Federal Reserve signaled America's economy was strong enough to handle interest rate hikes in 2015, though it emphasized that shifts in policy would be gradual. The dollar rose against most other currencies, but declined sharply against the Russian rouble, whose dramatic drop in recent weeks has caused a national economic crisis. ...


Wed, 17 Dec 2014 16:41:41 -0500

A trader watches a news conference on television by the Federal Reserve Chair Janet Yellen on the floor of the New York Stock ExchangeNEW YORK (Reuters) - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.


Wed, 17 Dec 2014 16:26:26 -0500
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE MGM Resorts International, down 84 cents to $18.01 The casino operator and six ...
Wed, 17 Dec 2014 16:12:02 -0500

The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. (AP Photo/Richard Drew)NEW YORK (AP) — The U.S. stock market is closing with its biggest gain in more than a year after the Federal Reserve said it was in no rush to raise rates.


Wed, 17 Dec 2014 12:40:35 -0500

In this Dec. 15, 2014 photo, employees pull boxes from a conveyor belt and fill their trucks for deliveries at a FedEx sorting facility in the Bronx borough of New York. FedEx's second-quarter earnings jumped 23 percent, but the package delivery company missed Wall Street forecasts and left its expectation for the full fiscal year unchanged. (AP Photo/Mark Lennihan)FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.


Wed, 17 Dec 2014 11:53:34 -0500

The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. (AP Photo/Richard Drew)NEW YORK (AP) — The U.S. stock market is moving higher ahead of a policy announcement from the Federal Reserve.


Wed, 17 Dec 2014 11:50:49 -0500
AIRASIA Bhd will deliver solid earnings from the second quarter of next yearas the benefit of lower fuel price trickles in, said Maybank Investment Bank (Maybank IB).
Wed, 17 Dec 2014 11:17:39 -0500

Cases of Pepsi are displayed for sale in Carlsbad(Reuters) - PepsiCo Inc earnings could come under pressure in the fourth quarter due to currency fluctuations, investors said, as the company's biggest foreign markets - Russia, Mexico and Canada - have all taken hits to their currencies in recent months.


Wed, 17 Dec 2014 10:28:52 -0500

City workers head to work during the morning rush hour in LondonBy William Schomberg and William James LONDON (Reuters) - The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as national elections approach. Earnings, excluding bonuses, grew by more than inflation for a second straight month in October after lagging behind prices for five years, data showed on Wednesday. A day earlier, data showed Britain’s inflation rate fell to 1 percent, its lowest in more than 12 years, and it looks set to weaken further in the coming months. ...


Wed, 17 Dec 2014 09:41:17 -0500

The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. (AP Photo/Richard Drew)NEW YORK (AP) — The U.S. stock market is opening modestly higher ahead of a key policy announcement from the Federal Reserve.


Wed, 17 Dec 2014 03:55:06 -0500

Pedestrians look at a share prices board in Tokyo on December 15, 2014Asian markets were mixed Wednesday as bargain-hunting was offset by more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting. Oil prices extended their losses to fresh five-and-a-half-year lows. The dollar recovered slightly against the yen ahead of the Fed get-together, which is being closely watched for clues about its interest rate plans. Global markets have been in turmoil this week due to concerns about the effect of plunging oil prices on energy firms as well as the crude-dependent Russian economy, which is also straining under Western sanctions.


Tue, 16 Dec 2014 21:11:32 -0500

The General Electric logo is seen in a Sears store in SchaumburgNEW YORK (Reuters) - General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices.


Tue, 16 Dec 2014 21:06:19 -0500

A Citibank sign on bank branch in midtown Manhattan in New YorkBy Amanda Becker and Emily Stephenson WASHINGTON (Reuters) - A top Democrat in the U.S. House of Representatives on Tuesday said unpopular Wall Street banks got a long-sought rollback to Dodd-Frank reforms through Congress last week partly by leveraging the influence of smaller banks that hold greater sway with lawmakers. "They have been working for a long time, trying different strategies on it," California Representative Maxine Waters said in an interview. "The big banks are in trouble with most legislators... so they put the regional banks in front of them in order to gain more support. ...


Tue, 16 Dec 2014 17:10:08 -0500
Sudden twists in the price of oil and currency trading turned the stock market into a roller-coaster ride. Indexes ended slightly lower after an early rally fizzled. The price of crude oil stabilized after ...
Tue, 16 Dec 2014 16:52:17 -0500
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Talisman Energy Inc., up $2.46 to $7.58 Spanish energy company Repsol is buying ...
Tue, 16 Dec 2014 13:11:27 -0500

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose in a volatile Tuesday session as energy shares rallied and investors bet the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. Futures had crumbled in early trading as the ruble neared 80 per U.S. dollar, down 21 percent. The Russian currency sharply pared its losses and was down about 3 percent, near 68 per dollar. Brent crude fell as much as 4.2 percent but was last down 1.2 percent at $60.36 a barrel. U.S. crude, which fell as much as 4.1 percent, was recently up 0.2 percent at $56. ...


Tue, 16 Dec 2014 13:06:47 -0500

FILE - In this Thursday, Oct. 2, 2014 file photo, Emirati traders check the stocks of Emaar Malls on the screen at the Dubai Financial Market in United Arab Emirates. Dubai's main stock market and Abu Dhabi's index have closed at their lowest points of the year amid mounting anxiety over plunging oil prices. Dubai's stock market lost 7.3 percent on Tuesday, while Abu Dhabi's slid 6.9 percent. (AP Photo/Kamran Jebreili, File)DUBAI, United Arab Emirates (AP) — Dubai's main stock market and Abu Dhabi's index closed on Tuesday at their lowest points of the year amid mounting anxiety over plunging oil prices.


Tue, 16 Dec 2014 12:08:14 -0500

A red London bus passes the Stock Exchange in LondonBy Sudip Kar-Gupta LONDON (Reuters) - The FTSE 100 rose on Tuesday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The blue-chip FTSE 100 index endured a volatile session, caused by a plunge in Russia's rouble currency, before closing up by 2.4 percent, or 149.11 points, at 6,331.83 points. British inflation fell to its lowest level in more than 12 years in November, further easing the squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates from record lows. ...


Tue, 16 Dec 2014 12:06:36 -0500
Britain's top equity index rose on Tuesday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The blue-chip FTSE 100 index ...