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  • 01/23/2018 06:29:34

    Claire's Stores hires Lazard to advise it on reducing debt

    Troubled retailer Claire's stores Inc. has hired Lazard as its investment banker to help it reduce debt. "Lazard's engagement is not related to operations, which remain strong," the company said in a statement. Same-store sales rose 2.7% in the first three quarters of 2017 and adjusted EBITDA -- defined as earnings before income taxes, net interest expense, depreciation and amortization, loss (gain) on early debt extinguishments, and asset impairments -- has grown 18.3%. "The steps we are taking now with Lazard will help to ensure Claire's long-term success for years to come," Chief Executive Ron Marshall said in the statement. "We believe this is the right time to undertake this initiative and we want to assure our vendors, employees and stakeholders that we believe we have ample liquidity to honor our commitments through the completion of this process." Claire's has $2.2 billion of long-term debt, according to FactSet, most of it taken on when the company was bought out by Apollo Global Management for $3.1 billion in a 2007 LBO. 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.

  • 01/23/2018 05:24:36

    JP Morgan to invest $20 billion over five years to enhance employee benefits, support local job growth

    J.P. Morgan Chase said Tuesday it will invest $20 billion over five years on employee benefits including wage hikes, along with measures to support local growth across the U.S. The bank said it will raise wages to between $15 and $18 an hour for 22,000 employees in more than 100 cities in branches and customer service centers, including New York, San Francisco and Boston. The bank will reduce health care costs for employees earnings less than $60,000 a year. The bank is also planning to expand its branch network into new markets in the U.S., to make increased commitments to mortgage and small-business lending and increase its philanthropic investments. "We are a leader in 23 states, but aren't yet in major markets like Washington D.C., Boston, Philadelphia, and many others," said Gordon Smith, CEO of consumer and community banking at Chase. Shares were slightly lower premarket, but have gained 37% in the last 12 months, while the S&P 500 has gained 25% and the Dow Jones Industrial Average has gained 32%. 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.

  • 01/23/2018 03:09:31

    Russia's Promsyvazbank had negative capital of $2.4 bln as at Dec. 25 - filing

    MOSCOW, Jan 23 (Reuters) - The negative capital of Russia's Promsyvazbank (PSB) totalled 134.12 billion roubles ($2.37 billion) as of Dec. 25 last year, a regulatory filing showed.

  • 01/23/2018 01:45:50

    Morgan Stanley names Asia banker as global co-head of consumer retail i-banking -memo

    HONG KONG, Jan 23 (Reuters) - Morgan Stanley on Tuesday named its senior Asia dealmaker David Aronovitch as global co-head of consumer retail investment banking, who will share the coverage responsibility with David Ciagne and Ben Frost, as per an internal memo seen by Reuters.

  • 01/22/2018 23:31:46

    Global Stocks scale record highs as U.S. government shutdown ends, yen inches up after BOJ

    TOKYO (Reuters) - Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady.

  • 01/22/2018 22:54:36

    Asia stocks rise as U.S. government shutdown ends, dollar-yen inches down

    TOKYO (Reuters) - Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady.

  • 01/22/2018 22:11:19

    Japan central bank keeps lax monetary policy unchanged

    The Bank of Japan has opted to keep intact its unprecedented monetary stimulus despite signs the economy is gaining steam

  • 01/22/2018 21:28:20

    Asia stocks rise as U.S. government shutdown ends, dollar/yen inches down

    TOKYO (Reuters) - Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady.

  • 01/22/2018 15:02:44

    BRIEF-Flushing Financial Board Approves Plan To Increase Dividend In 2018

    * FLUSHING BANK SHARING BENEFIT OF TAX REFORM WITH SHAREHOLDERS AND EMPLOYEES

  • 01/22/2018 14:39:28

    BRIEF-TD Bank Comments On Expected Impact Of TD Ameritrade Holding's Q1 Earnings

    * TD BANK GROUP- EXPECTS TD AMERITRADE'S Q1 EARNINGS TO TRANSLATE INTO ABOUT CDN $147 MILLION REPORTED EQUITY IN NET INCOME OF INVESTMENT

  • 01/22/2018 10:17:17

    BRIEF-BNY Mellon To Launch FX Prime Brokerage Service

    Bank Of New York Mellon Corp(BK): * BNY MELLON TO LAUNCH FX PRIME BROKERAGE SERVICE Source text for Eikon: Further company coverage:

  • 01/22/2018 06:07:06

    BRIEF-Bank Of Marin Bancorp Reports Q4 Earnings Per Share $0.17

    Bank Of Marin Bancorp(BMRC): * REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS. * Q4 EARNINGS PER SHARE $0.17. * Q4 EARNINGS PER SHARE VIEW $0.84 -- THOMSON REUTERS I/B/E/S. * Q4 EARNINGS PER SHARE $0.80 EXCLUDING ITEMS. * NET INTEREST INCOME TOTALED $20.1 MILLION IN Q4 OF 2017 COMPARED TO $18.8 MILLION IN PRIOR QUARTER Source text for Eikon: Further company coverage:

  • 01/22/2018 05:10:40

    BRIEF-Opus Bank Q4 Earnings Per Share $0.03

    Opus Bank(OPB): * REPORTS FOURTH QUARTER AND YEAR END 2017 RESULTS. * Q4 EARNINGS PER SHARE $0.03. * Q4 EARNINGS PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S. * NET INTEREST INCOME WAS $52.0 MILLION FOR Q4 OF 2017, COMPARED TO $53.3 MILLION FOR Q3 OF 2017.

  • 01/22/2018 00:55:39

    Israel's Bank Leumi to sell 15 pct of U.S. unit for $141 mln

    TEL AVIV, Jan 22 (Reuters) - Bank Leumi has agreed to sell a 15 percent stake in its subsidiary Bank Leumi USA to two strategic investors for $141 million, Israel's second largest bank said on Monday.

  • 01/22/2018 00:33:12

    US tax reform writedown pushes Switzerland's UBS to Q4 loss

    Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform

  • 01/22/2018 00:32:54

    US tax reform writedown pushes Switzerland's UBS to Q4 loss

    Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform.

  • 01/21/2018 22:25:00

    Note ban impact: Banking correspondents feel the heat of banks cutting cost

    Earlier, an average BC, providing a business of Rs 0.5-0.7 million a month, would earn as much as Rs 5,000-7,000 as commission

  • 01/20/2018 14:34:14

    Bank says executive is gone; no comment on harassment probe

    Bank of America has confirmed a high-profile senior executive has left the company, but it won't comment on reports of an investigation into sexual harassment allegations.

  • 01/19/2018 14:44:02

    BRIEF-Carlyle Group Reports 6 Pct Passive Stake In Union Bankshares

    The Carlyle Group L.P.: * THE CARLYLE GROUP L.P REPORTS 6.0 PERCENT PASSIVE STAKE IN UNION BANKSHARES CORP AS OF JANUARY 1, 2018 - SEC FILING‍​ Source text:

  • 01/19/2018 14:29:30

    BRIEF-Hugoton Royalty Trust Declares No January Cash Distribution

    Hugoton Royalty Trust(HGT): * HUGOTON ROYALTY TRUST DECLARES NO JANUARY CASH DISTRIBUTION AND GIVES NOTICE OF TENTATIVE XTO SETTLEMENT AMOUNT. * Hugoton Royalty Trust(HGT) - SOUTHWEST BANK DECLARED THERE WOULD NOT BE A CASH DISTRIBUTION TO HOLDERS OF UNITS OF BENEFICIAL INTEREST FOR JAN 2018.

  • 01/19/2018 10:37:36

    BRIEF-American National Bankshares Announces Stock Repurchase Plan Of Up To 300,000 Shares

    American National Bankshares Inc(AMNB) : * American National Bankshares Inc (AMNB). ANNOUNCES A STOCK REPURCHASE PLAN. * AMERICAN NATIONAL BANKSHARES-‍BOARD AUTHORIZED STOCK REPURCHASE PROGRAM OF UP TO 300,000 SHARES OF CO'S OUTSTANDING COMMON STOCK FOR PERIOD OF 2 YEARS​ Source text for Eikon: Further company coverage:

  • 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.

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