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Sears Holdings Enters Into Plan Protection Arrangement With PBGC
Sep 4, 2015 6:00PM PR Newswire
HOFFMAN ESTATES, Ill., Sept. 4, 2015 /PRNewswire/ -- Sears Holdings Corporation (the "Company") (NASDAQ: SHLD) today announced that it has been in discussions with the Pension Benefit Guaranty Corporation ("PBGC") with respect to the Company's rights offering and sale-leaseback transaction with Seri...
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Saudi Arabia reassures on oil prices: Strategist
Sep 4, 2015 5:56PM CNBC
Saudi officials say they can deal with low oil and that prices will eventually rebound, according to RBC's Helima Croft.
Puerto Rico skips $1.4 mln Sept. 1 payment
Sep 4, 2015 5:47PM Reuters
NEW YORK, Sept 4 (Reuters) - Puerto Rico's Public Finance Corp, the government agency that defaulted on its bonds in August by paying a fraction of what was owed, did not make a $1.4 million interest...
Lockheed wins deal worth up to $428 mln for U.S. Navy combat systems
Sep 4, 2015 5:33PM Reuters
WASHINGTON, Sept 4 (Reuters) - Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday.
UPDATE 1-Canada's Emera to buy Teco Energy for $6.44 bln to expand in U.S.
Sep 4, 2015 5:32PM Reuters
Sept 4 (Reuters) - Canadian energy company Emera Inc will acquire U.S. electric and gas utility holding company Teco Energy Inc for $6.44 billion to expand in the United States.
UPDATE 1-Rubio says Puerto Rico needs new leadership
Sep 4, 2015 5:29PM Reuters
Sept 4 (Reuters) - Republican presidential candidate Marco Rubio on Friday told Puerto Ricans in San Juan that the island was living in a fiscally unsustainable way by spending more than it collects,...
As numbers grow, lone child migrants find sanctuary at UK center
Sep 4, 2015 3:56PM Reuters
LONDON (Thomson Reuters Foundation) - When 16-year-old Alem fled his home country, Eritrea, in February of this year he never imagined he would be heading for a new life in Britain.
UPDATE 1-Walter to pay $29.63 mln in U.S. reverse mortgage settlement
Sep 4, 2015 3:48PM Reuters
Sept 4 (Reuters) - Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims related to a U.S. Department of Housing and Urban Development program that insures reverse mortgages.
The Wall Street Journal: U.S. prosecutors outline ‘spoofing’ software allegedly used by Sarao
Sep 4, 2015 3:39PM MarketWatch
U.K. trader Navinder Sarao, who faces a U.S. extradition hearing later this month, allegedly worked with a customized version of software known as the “matrix” in a deliberate attempt to “spoof” markets, according to a U.S. court filing.
UPDATE 1-McGraw-Hill Education files to go public
Sep 4, 2015 3:39PM Reuters
Sept 4 (Reuters) - McGraw-Hill Education Inc, one of the big three educational publishers, on Friday filed with U.S. regulators for an initial public offering of common stock.
Amazon hiring staff for new restaurant division in Seattle, New York
Sep 4, 2015 3:30PM Reuters
SAN FRANCISCO, Sept 4 (Reuters) - Amazon.com Inc is adding staff for a new division dedicated to restaurants in Seattle and New York, with indications the unit is trying to rapidly expand a meal delivery service, according to posts on LinkedIn and the company's jobs site.
The Wall Street Journal: Latvian hacker pleads guilty in Manhattan court
Sep 4, 2015 3:30PM MarketWatch
Virus infected more than a million computers worldwide, according to prosecutors.
First Draft: First Draft Focus: The Week in Political Pictures by FIRST DRAFT
Sep 4, 2015 3:28PM The New York Times
Hearings on email, presidential trips to Alaska, Donald J. Trump and other candidates on the road.
SEC's Gallagher says will leave his post by October 2
Sep 4, 2015 3:24PM Reuters
WASHINGTON (Reuters) - Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2.
We may be able to interact with the next iPad in an entirely new way by Tim Stenovec
Sep 4, 2015 3:15PM Business Insider
At next Tuesday's media event, Apple may show us an entirely new way to interact with the iPad. According to 9to5Mac's Mark Gurman, who in recent days has steadily reported information about Apple's plans for its huge event, a large-screened iPad called the "iPad Pro" will also be sold with a new Ap...
UPDATE 1-Muddled U.S. jobs report leaves Fed in a 'jam' watching markets
Sep 4, 2015 3:14PM Reuters
NEW YORK/RICHMOND, Va., Sept 4 (Reuters) - The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month,...
GLOBAL MARKETS-Stocks slide as jobs data makes Fed move unclear
Sep 4, 2015 3:13PM Reuters
* Long-dated U.S. bonds rally, short-dated notes slip (Add oil settlement prices)
Boeing sticks with 747 production plans despite sales drought
Sep 4, 2015 3:11PM Reuters
NEW YORK (Reuters) - Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months.
Wall St. Drops Sharply After Mixed Jobs Data by THE ASSOCIATED PRESS
Sep 4, 2015 9:48AM The New York Times
The report, which came in below expectations, failed to decisively point to a path for the Fed’s decision on when to raise interest rates.
The Wall Street Journal: Local TV poses hurdle to streaming services
Sep 4, 2015 9:47AM MarketWatch
The challenge of lining up deals to offer programming from CBS, ABC, NBC and Fox is one reason Apple has pushed back its Web-TV service.
The Fed: Jobs data makes September Fed hike a bit more likely, economists say
Sep 4, 2015 9:43AM MarketWatch
The August unemployment report didn’t seal the deal on a rate hike in two weeks, but makes the move somewhat more likely.
Norway oil fund could sell coal-related shares worth $6.6 bln
Sep 4, 2015 9:39AM Reuters
OSLO, Sept 4 (Reuters) - Norway's $828 billion sovereign wealth fund expects a new rule curtailing its investments in coal-dependent companies could lead to the sale of shares worth around 55 billion...
Aug jobs highlight reason for stock slump: Paulsen
Sep 4, 2015 9:37AM CNBC
The government employment report may usher in a sea-change that could pressure stocks further, Jim Paulsen tells CNBC.
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UPDATE 1-Mexico consumer confidence falls to 1-year low in August
Sep 4, 2015 9:36AM Reuters
(Adds background, graphic and table) MEXICO CITY, Sept 4 (Reuters) - Mexican consumer confidence fell to a one-year low in August, dipping for the second month in a row in a sign that domestic demand...
US STOCKS SNAPSHOT-Wall St opens lower after August jobs data
Sep 4, 2015 9:34AM Reuters
Sept 4 (Reuters) - U.S. stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed...