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South Africa's ANC to force Zuma to quit as president -reports
* ANC declines comment on report Zuma to be forced out. * New ANC executive meeting for first time under Ramaphosa. * Ramaphosa has gone on offensive over Zuma's Gupta links. * Ramaphosa announces new Eskom board, chairman and CEO. * Telkom chairman Jabu Mabuza named Eskom's chair. By Nqobile Dludla.
White House says President Trump in regular contact Saturday with Hill Republicans over funding
President Trump remains in regular contact so far on Saturday with congressional Republicans, including several conversations with Senate Majority Leader Mitch McConnell and a discussion with House Speaker Paul Ryan, White House press secretary Sarah Huckabee Sanders said in a statement. She said Trump will not negotiate on immigration until the Democrats "stop playing games and reopen the government." Lack of a funding bill agreement overnight pushed the U.S. into its first government shutdown since 2013. Both chambers reconvened Saturday afternoon. Trump, who is marking the one-year anniversary of his inauguration on Saturday, had so far postponed a trip to his Florida resort Mar-a-Lago, where supporters are meeting for a $100,000-a-couple fundraising gala. CNN reports the party will go on even if the president remains in Washington as he has pledged to do until a funding agreement can be reached.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.
How America Has Changed During Trump's First Year In Office, By The Numbers
The economy has improved, health insurance prices continued to climb and far fewer people have been stopped at the southwestern border. However, not all of it is Trump's doing.
Donald Trump and the US economy in six charts
How has US growth, jobs, stocks and trade fared in the first year of Donald Trump's presidency?
Senate sets 10 p.m. Eastern vote on bill to avert shutdown
The Senate will take a vote at about 10 p.m. Eastern on a House-passed bill to keep the government open through Feb. 16. Without a new funding bill the federal government would partially shut down at midnight for the first time since 2013. It's unclear if the bill will be able to pass in the Senate, where Republicans control 51 votes. 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.
BRIEF-Novan Says Interim CFO William Hodges To Step Down
Novan Inc(NOVN): * Novan Inc(NOVN) - WILLIAM L. HODGES, INTERIM CHIEF FINANCIAL OFFICER NOTIFIED THE CO OF HIS DECISION TO STEP DOWN EFFECTIVE JANUARY 19, 2018. * NOVAN SAYS EXPECTS TO HIRE A PERMANENT CHIEF FINANCIAL OFFICER IN FIRST HALF OF 2018 - SEC FILING Source text: Further company coverage:
BRIEF-Zealand Pharma Announces Progress To Phase 3 With Dasiglucagon For The Treatment Of Congenital Hyperinsulinism
Zealand Pharma A/S: * ZEALAND PHARMA ANNOUNCES PROGRESS TO PHASE 3 WITH DASIGLUCAGON FOR THE TREATMENT OF CONGENITAL HYPERINSULINISM IN FIRST HALF 2018. * ZEALAND PHARMA - U.S. FDA APPROVED ZEALAND'S INVESTIGATIONAL NEW DRUG APPLICATION FOR INITIATION OF TWO PHASE 3 CLINICAL TRIALS OF DASIGLUCAGON IN CHI Source text for Eikon: Further company coverage:
Trump calls for 4-week funding extension with shutdown hours away
President Donald Trump called for a 4-week funding extension just hours ahead of a partial government shutdown. Trump said in a tweet late Friday he'd had an "excellent preliminary meeting" with Senate Minority Leader Charles Schumer and that they were working on solutions for security and the military. Without a deal before midnight the government would shut down for the first time since 2013. 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.
S&P upgrades Greek debt for first time in two years
S&P Global Ratings raised Greece's credit rating by one rung to B from B- on Friday, marking the first time S&P has upgraded the country's sovereign debt in two years. The outlook was kept positive, which implies another upgrade is likely. The sovereign bond rating is still 5 notches below investment grade. "Greece's growth and fiscal outlooks have improved alongside a labor market recovery and amid a period of relative policy certainty," S&P said. Investor reaction to the announcement is likely to show up later next week as European markets were closed before the report. 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.
Sanmina shares plunge 15% on revenue, profit warning
Sanmina Corp shares plunged in the extended session Friday after the electronics maker warned investors about its fiscal first-quarter results. Sanmina shares fell 16% to $29.90 after hours. The company said it expects first-quarter adjusted per-share losses of 48 cents, compared with its previous guidance of adjusted earnings of 68 cents to 74 cents. Sanmina now expects revenue of $1.74 billion and had previously issued guidance of sales of $1.75 billion to $1.8 billion. Analysts surveyed by FactSet had estimated adjusted earnings of 71 cents a share on revenue of $1.77 billion. "Our disappointing financial results are driven by slower than expected new program ramps and an unfavorable program mix," said Chief Executive Bob Eulau. "Our GAAP financial results were mainly impacted by the non-cash charge to our deferred tax assets that resulted from the enactment of the Tax Cuts and Jobs Act. We are right-sizing our fixed cost structure and we remain confident that our pipeline is strong and our second half of fiscal 2018 will be stronger than our first half as we continue to execute on our strategy." Said it expects fiscal second-quarter profits of 40 cents to 50 cents a share on sales of $1.6 billion to $1.7 billion. Analysts modeled adjusted earnings of 70 cents on sales of $1.73 billion. Sanmina stock has gained less than 1% in the last 12 months, as the S&P 500 index rose 24%.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.
In historical vote, LA Times newsroom will form union
Los Angeles Times journalists have voted to unionize for the first time in the paper's 136-year history.
Schumer cites 'progress' after Trump meeting but no deal to avoid shutdown
Senate Minority Leader Charles Schumer said he "made some progress" in talks with President Donald Trump to avoid a government shutdown early Saturday, but added there were still disagreements. "The discussion will continue," the New York Democrat told reporters after meeting Trump at the White House. Without a deal the federal government would partially shut down at midnight, for the first time since 2013. 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.
BRIEF-Citizens First Corp Reports Q4 EPS $0.37
* ORATION ANNOUNCES FOURTH QUARTER AND YEAR END 2017
DECLARES QUARTERLY COMMON DIVIDEND
Big year ahead for ECM in Argentina
(IFR) - This is shaping up as a banner year for equity capital markets in Argentina, where five companies going public in the first quarter are looking to raise a combined US$2.2bn.
Trump asks Schumer to White House to strike deal averting shutdown: report
President Donald Trump has reached out to Senate Minority Leader Charles Schumer, inviting him to the White House to try to strike a deal to avert a government shutdown, according to New York Times reporter Maggie Haberman. Without a deal before midnight the federal government would partially shut down for the first time since 2013. 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.
Alaska Airlines unveils new uniforms for 19,000 employees
The first look at the Luly Yang-designed pieces came Thursday evening at a fashion show-styled unveiling among a crowd of employees in Seattle.
Chip pricing trends could boost AMD, Nvidia and Micron results: analyst
Chip pricing trends remain strong, according to Mizuho analyst Vijay Rakesh, and he thinks that could bode well for Advanced Micro Devices Inc. , Nvidia Corp. , Micron Technology Inc. and Western Digital Corp. in the first half of the year. Sold-state drive (SSD) pricing looks "robust," Rakesh wrote, and "should be a tailwind for Micron and WDC." Meanwhile, regarding graphics processing unit (GPU) pricing, Rakesh thinks the trends continue to suggest "tight inventory and availability." Accordingly, he sees upside potential for Nvidia's and AMD's GPU segments for the December and March quarters. "We believe it is key to understand that pricing reflects more of a stronger GPU demand and tight GPU inventory than a pricing tailwind," he added. Nvidia shares are up 113% over the last 12 months, while AMD's stock is up 28%. The Philadelphia Semiconductor Index has risen 49% in that time, compared with a 24% gain for the S&P 500 .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.
Nike's stock jumps after rating, price target raised
Shares of Nike Inc. rallied 1.1% in premarket trade Friday, after the athletic gear company was upgraded at Wedbush, which cited increasing confidence that an inflection in margin and a return to growth in North America will materialize in fiscal 2019, which begins in June of this year. Analyst Christopher Svezia raised his rating to outperform from neutral, and boosted his stock price target to $74 from $57. He said fiscal fourth-quarter 2018 results, which ends in May, should show overall gross margin expansion for the first time in 10 quarters, as pricing pressure on footwear subsides and direct-to-consumer sales increase. In addition, Svezia said there are more "tangible product drivers to the story around casual and lifestyle that should resonate and be more impactful to consumers." The stock has soared 21.7% over the past three months, while the Dow Jones Industrial Average has gained 12.3%.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.
METALS-Shanghai aluminium prices climb after China GDP boost
BEIJING, Jan 19 (Reuters) - Shanghai aluminium prices rose
on Friday, buoyed by the first acceleration in China's GDP
growth in seven years, even as the country's output of the metal
posted a surprise jump for December.
* SHFE ALUMINIUM: The most-traded aluminium contract
on the Shanghai Futures Exchange (ShFE) was up 1
percent at 14,770 yuan ($2,307.56) a tonne at 0202 GMT, but
still on course for a weekly drop of 2.3 percent.
* LME ALUMINIUM: In London, three mo
PRECIOUS-Gold inches up, but heads for first weekly loss in six
Gold prices edged up on Friday, supported by a weaker dollar and worries about a possible U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks.
IBM returns to growth after six years, but dour forecast hits shares
(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.
Amazon's review of Toronto could escalate tension with Trump
Amazon.com Inc's(AMZN) inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump. Amazon (AMZN) said on Thursday that Toronto and 19 U.S. locales made the first cut in a contest to find a second headquarters where it promises to invest $5 billion and create 50,000 jobs.
Tax overhaul leads AmEx to first loss in 26 years, buyback suspension
(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.
Home security company ADT Inc's IPO priced at $14/share
ADT Inc, a provider of security monitoring services, said on Thursday that its initial public offering was priced at $14 per share, below the expected range of $17 to $19. The 105 million share offering raised about $1.47 billion, the company said. Even at the lower valuation, the IPO is likely one of the largest in the first part of 2018.
First Carillion task force meeting 'constructive'
The group will co-ordinate efforts to support business and workers affected, government says
BRIEF-Simmons First National Corp Announces 20% Increase In Cash Dividend
* SIMMONS FIRST NATIONAL CORPORATION ANNOUNCES 20% INCREASE
CASH DIVIDEND AND TWO-FOR-ONE STOCK SPLIT
BRIEF-First Internet Bancorp Q4 Earnings Per Share $0.41
First Internet Bancorp(INBK): * REPORTS RECORD ANNUAL NET INCOME FOR 2017. * Q4 EARNINGS PER SHARE $0.41. * Q4 EARNINGS PER SHARE VIEW $0.62 -- THOMSON REUTERS I/B/E/S. * - NET INTEREST INCOME FOR Q4 WAS $15.4 MILLION COMPARED TO $10.9 MILLION FOR Q4 2016 Source text for Eikon: Further company coverage:
Tax overhaul leads AmEx to first loss in 26 years, suspend buybacks
(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax overhaul.
Buyers jockey for indie films at Sundance without Weinstein
PARK CITY, Utah / LOS ANGELES, Jan 18 (Reuters) - For the
first time in three decades, producer Harvey Weinstein will not
be trudging down Park City's snowy Main Street when the Sundance
Film Festival opens Thursday, leaving the independent movie
festival marketplace without its most-watched tastemaker.
BRIEF-BancFirst Corp Reports Q4 Earnings Per Share $0.59
BancFirst Corp(BANF): * ORATION REPORTS FOURTH QUARTER EARNINGS. * Q4 EARNINGS PER SHARE $0.59. * Q4 EARNINGS PER SHARE VIEW $0.69 -- THOMSON REUTERS I/B/E/S. * NET INTEREST INCOME FOR Q4 OF 2017 INCREASED TO $58.7 MILLION COMPARED TO $51.6 MILLION FOR Q4 OF 2016 Source text for Eikon: Further company coverage:
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