Thu, 17 Apr 2014 23:40:01 -0400
BEIJING (AP) — Asian stocks were mostly higher Friday despite mixed U.S. earnings reports with many of the region's exchanges closed for Good Friday.
Thu, 17 Apr 2014 21:57:17 -0400

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in TokyoBy Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei share average advanced on Friday after upbeat U.S. economic data and corporate earnings bolstered investors' risk appetite. The Nikkei was up 0.4 percent at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day.


Thu, 17 Apr 2014 21:26:17 -0400

Strategizing Your Career Change: What You Need to KnowWhile some economic experts profess that class change in the United States is limited, people are becoming more apt to take action to become upwardly mobile. According to the Wall Street Journal, nearly 40 percent of all people seeking new jobs are also trying to change careers. Changing careers, however, is not always a simple...


Thu, 17 Apr 2014 20:23:24 -0400

A man walks past a building where Mt. Gox is housed in Tokyo(Reuters) - A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. "We need your help to stop a liquidation, which would be good neither for Mt. Gox creditors nor bitcoin's reputation with the general public and regulators," the investors wrote on the website. The investor group, which offered to take over the assets of Mt. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider its rehabilitation proposal, the Wall Street Journal reported on Thursday. Mark Karpeles, the founder of Mt. Gox, said he would not come to the United States to answer questions about the bankruptcy case, Mt. Gox lawyers told a U.S. federal judge on Monday.


Thu, 17 Apr 2014 19:54:05 -0400
By Chuck Mikolajczak NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T , are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results.
Thu, 17 Apr 2014 19:50:10 -0400
(Reuters) - A group of investors, which is seeking to buy Mt. Gox, has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. The investor group, which offered to take over the assets of Mt. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider their rehabilitation proposal, the Wall Street Journal reported on Thursday.
Thu, 17 Apr 2014 17:57:20 -0400

FILE - In this Friday, April 11, 2014 file photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange. Major U.S. stock indexes rose in afternoon trading Thursday, April 17, 2014, as investors reacted to quarterly results from a batch of U.S, companies. Google, IBM and insurer UnitedHealth were among the biggest decliners, while General Electric and Morgan Stanley were among the largest gainers. (AP Photo/Richard Drew, File)Corporate earnings pushed U.S. stocks mostly higher on Thursday, but it wasn't an easy ride up.


Thu, 17 Apr 2014 17:02:28 -0400

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results. The two were the latest to post earnings that topped expectations, helping to lift the S&P 500 and the Nasdaq to their fourth straight daily advance. Tech bellwethers Google and IBM fell on disappointing figures and limited the broader market's gain. IBM's slide pushed the Dow into slightly negative territory at the close.


Thu, 17 Apr 2014 16:58:14 -0400
U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong ...
Thu, 17 Apr 2014 16:27:20 -0400
Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent increase in first-quarter earnings on strong gains in its private equity arm which more than offset small declines in its real estate unit. The results, buoyed by asset sales and a strong appreciation in Blackstone's buyout funds that outpaced the wider stock market, beat most analysts' expectations. Blackstone's shares closed 1.3 percent higher at $31.34 on Thursday after rising as much as 3.4 percent earlier in the session. Blackstone said economic net income (ENI), a measure of profitability that takes into account the mark-to-market valuation of its portfolio, was $813.9 million in the first quarter versus $628.3 million a year ago.
Thu, 17 Apr 2014 16:22:08 -0400
By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords, the Government Accountability Office said on Thursday. In addition to the cybersecurity failings, even the physical security in place to protect SEC data and equipment from being accessed or stolen is lax, a 25-page GAO report said, with workstations located in an area open to all agency staff. The report comes just two days after the SEC issued a nine-page blueprint that put Wall Street firms on notice that they should brace themselves for some tough questions from agency examiners about their cybersecurity policies and practices. "Information security control weaknesses in a key financial system's production environment may jeopardize the confidentiality, integrity, and availability of information residing in and processed by the system," the GAO wrote.
Thu, 17 Apr 2014 16:10:58 -0400

FILE - In this Friday, April 11, 2014 file photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange. Major U.S. stock indexes rose in afternoon trading Thursday, April 17, 2014, as investors reacted to quarterly results from a batch of U.S, companies. Google, IBM and insurer UnitedHealth were among the biggest decliners, while General Electric and Morgan Stanley were among the largest gainers. (AP Photo/Richard Drew, File)Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors.


Thu, 17 Apr 2014 13:45:58 -0400

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric. The combined reported and expected earnings-per-share growth estimate for S&P 500 components rose to 1.7 percent from Wednesday's 0.6 percent, Thomson Reuters data showed, indicating most companies that reported results in the past 24 hours exceeded expectations. The technology sector capped the S&P 500's gain, with Google shares down 3.2 percent at $545.81 and IBM off 3.2 percent at $190.28 after both reported earnings late Wednesday that failed to impress Wall Street. "The market is digesting the sharp move we’ve seen this week and doing its best to ignore the results from IBM and Google, which didn’t look great," said Steve Sosnick, equity risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.


Thu, 17 Apr 2014 13:44:24 -0400

Sabre Corp. President & CEO Tom Klein, right, and company CFO Rick Simonson, center, are joined by Nasdaq CEO Robert Greifeld as they wait for Sabre's IPO to begin trading, at the Nasdaq MarketSite, in New York, Thursday, April 17, 2014. (AP Photo/Richard Drew)Major U.S. stock indexes rose in afternoon trading Thursday as investors reacted to quarterly results from a batch of U.S, companies. Google, IBM and insurer UnitedHealth were among the biggest decliners, while General Electric and Morgan Stanley were among the largest gainers.


Thu, 17 Apr 2014 12:49:21 -0400

A Google logo is seen at the entrance to the company's offices in TorontoGoogle Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. "Despite an expectations-miss quarter, Google remains one of the best-positioned stocks for many of the secular growth drivers in the Internet space," RBC Capital analyst Mark Mahaney, who kept his "outperform" rating on the stock, said in a note to clients. Of the 46 analysts covering Google, 35 have a "buy" or equivalent rating on the stock.


Thu, 17 Apr 2014 12:42:13 -0400

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were little changed in choppy trading on Thursday following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers including those from Morgan Stanley and General Electric. Blended earnings per share growth on S&P 500 components rose to 1.7 percent from Wednesday's 0.6 percent, Thomson Reuters data showed, indicating most companies that reported in the past 24 hours exceeded expectations. "The market is digesting the sharp move we’ve seen this week and doing its best to ignore the results from IBM and Google, which didn’t look great," said Steve Sosnick, equity risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut. Shares of Morgan Stanley , rose 3.5 percent to $30.94 after it reported a rise in first-quarter earnings, while Goldman Sachs edged up 0.7 percent to $158.36 after the bank reported an 11 percent drop in profits but beat expectations.


Thu, 17 Apr 2014 12:38:10 -0400

FILE - This file photo made April 11, 2008, shows General Electric Co. logo on products in Danvers, Mass. General Electric is reporting lower net income Thursday April 17, 2014 than a year ago because last year's results included the sale of NBC Universal. (AP Photo/Lisa Poole, File)NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results.


Thu, 17 Apr 2014 12:14:42 -0400

Sabre Corp. President & CEO Tom Klein, right, and company CFO Rick Simonson, center, are joined by Nasdaq CEO Robert Greifeld as they wait for Sabre's IPO to begin trading, at the Nasdaq MarketSite, in New York, Thursday, April 17, 2014. (AP Photo/Richard Drew)Stocks edged lower in midday trading on Thursday as investors digested a crop of mixed company earnings. Among the stocks weighing down the market were Google, IBM and insurers UnitedHealth and WellPoint. The decline came after three days of broad market gains.


Thu, 17 Apr 2014 12:02:41 -0400

City workers take a break outside the London Stock ExchangeBy Tricia Wright LONDON (Reuters) - Britain's top shares rose to a one-week closing high on Thursday after upbeat U.S. results from Morgan Stanley and Goldman Sachs drove up financials and allayed investor concerns about the current earnings season. Morgan Stanley shares gained after it unveiled a rise in first-quarter earnings, while Goldman Sachs advanced after it reported an 11 percent drop in profits but beat expectations. Fund manager Schroders, up 4.2 percent, and Barclays, 3.8 percent firmer, led gains in UK financials, which helped push the broader FTSE 100 index up 41.08 points, or 0.6 percent, to 6,625.25 points, its highest close since April 10. "The strong banking numbers are obviously a key driver, especially for the FTSE which is cyclically led, and I think there's just a general sense that we might be coming into a period of slightly stronger numbers now," said Matt Basi, head of sales trading at CMC Markets.


Thu, 17 Apr 2014 12:01:58 -0400

In this photo provided by the New York Stock Exchange Euronext, Carnival Corporation President and Chief Executive Officer, Arnold W. Donald, center, and guests, gather on the podium for the closing bell at the Exchange on Wednesday, April 16, 2014, in New York. Carnival Corporation is headquartered in Doral, Fla; a suburb of Miami. (AP Photo/New York Stock Exchange Euronext, Dario Cantatore)Stocks are drifting lower on Wall Street in midday trading, led by a decline in the technology sector after Google and IBM reported disappointing earnings.


Thu, 17 Apr 2014 12:00:31 -0400
LONDON (AP) — World stocks were subdued Thursday ahead of a long weekend for many markets and after mixed earnings reports in the U.S.
Thu, 17 Apr 2014 12:00:26 -0400
* Upbeat Morgan Stanley, Goldman results lift UK financials * RSA buoyed by sale of Baltics, Poland operations * Diageo (LSE: DGE.L - news) falls after posting lower sales * London stock market closed on Friday and Monday
Thu, 17 Apr 2014 11:55:56 -0400

A Google logo is seen at the entrance to the company's offices in TorontoGoogle shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. "Despite an expectations-miss quarter, Google remains one of the best-positioned stocks for many of the secular growth drivers in the Internet space," RBC Capital analyst Mark Mahaney, who kept his "outperform" rating on the stock, said in a note to clients. Of the 46 analysts covering Google, 35 have a "buy" or equivalent rating on the stock. Google, Facebook Inc and Twitter Inc are revamping their products and advertising business to try to take advantage of a global shift to mobile phones and tablets.


Thu, 17 Apr 2014 11:17:56 -0400
* Upbeat Morgan Stanley, Goldman results lift UK financials * RSA buoyed by sale of Baltics, Poland operations * Diageo (LSE: DGE.L - news) falls after posting lower sales * London stock market closed on Friday and Monday
Thu, 17 Apr 2014 11:02:47 -0400
Shares of Sabre Corp. rose over 3 percent in their stock market debut Thursday after an initial public offering that valued the travel software company at more than $3.9 billion. Sabre owns online travel ...
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