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  • 11/20/2017 15:29:29

    BRIEF-Archrock Inc - ‍David Miller, CFO will be leaving company effective as of December 1, 2017​

    Archrock Inc(AROC). * Archrock Inc(AROC) - ‍David Miller, senior vice president and CFO will be leaving company effective as of December 1, 2017​. * Archrock Inc (AROC) - expects to appoint interim chief financial officer while it engages in search for a permanent replacement - SEC filing​ Source text Further company coverage:

  • 11/15/2017 18:48:15

    BRIEF-MB Financial, inc. Announces pricing of depositary shares

    Mb Financial Inc(MBFI). * Mb financial, inc. Announces pricing of depositary shares offering. * ‍says depositary shares priced at $25 per depository share, equivalent to $1,000 per share of preferred stock​ Source text for Eikon: Further company coverage:

  • 11/15/2017 12:32:23

    Auto Finance’s Chief Regulator, Richard Cordray, to Step Down

    Richard Cordray is stepping down as director of the Consumer Financial Protection Bureau at the end of November, he announced in a letter to employees Wednesday morning. He served as the inaugural director for the regulatory agency, which was formed in the wake of the financial crisis. He reiterated the work the CFPB has done […]

  • 11/15/2017 11:25:00

    Consumer finance watchdog Cordray, under fire from Trump, to step down at the end of November

    Richard Cordray, the embattled head of the Consumer Financial Protection Bureau, says he will step down before the end of the month.

  • 11/15/2017 10:35:00

    Richard Cordray Stepping Down As Head Of U.S. Consumer Protection Agency

    The embattled director of Consumer Financial Protection Bureau says he will resign by the end of November. Cordray was a frequent target of Republican lawmakers for his tough stance on banks

  • 11/14/2017 13:59:20

    Wells Fargo to pay $5.4 million for unlawful service member car repossessions

    Wells Fargo will pay $5.4 million to the Justice Department to compensate approximately 450 service members whose cars were repossessed by the bank's auto financing arm, Wells Fargo Dealer Services. The government found that the repossessions were unlawful under the Servicemembers Civil Relief Act, which requires that a court must review and approve the repossession if the loan was taken out, and a payment made, before the owner entered military service. This is the second such settlement for the bank, which previously compensated 413 service members in September 2016. It also follows a long string of misdeeds by the bank, which over the span of several years opened millions of accounts for customers without their knowledge, including some for auto insurance. Wells shares are down about 2% for the year to date, lagging the 12% gain for the Financial Select Sector SPDR and the 18.6% gain for the Dow Jones Industrial Average . 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.

  • 11/14/2017 01:17:48

    Mike Bloomberg says London will stay Europe's financial centre though "dumb" Brexit will cut growth

    LONDON, Nov 14 (Reuters) - London will remain Europe's financial centre for the foreseeable future and keep its position alongside New York as one of the world's dominant trading capitals though Brexit will reduce its growth, billionaire Michael Bloomberg said on Tuesday.

  • 11/08/2017 14:32:31

    BRIEF-Laureate Education reports third quarter financial results

    Laureate Education Inc(LAUR). * Laureate Education(LAUR) reports third quarter and nine months ended September 30, 2017 financial results. * Q3 loss per share $1.02. * Q3 revenue $983.4 million versus I/B/E/S view $971.7 million. * Sees FY 2017 revenue about $4.345 billion.

  • 11/08/2017 09:30:34

    BRIEF-NORTHEAST BANCORP APPOINTS LAPOINTE AS CFO

    Northeast Bancorp(NBN): * NORTHEAST BANCORP ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER AND TREASURER. * ‍J.P. LAPOINTE HAS BEEN APPOINTED AS COMPANY'S CHIEF FINANCIAL OFFICER AND TREASURER, EFFECTIVE NOVEMBER 6, 2017​. * ‍LAPOINTE WILL SUCCEED INTERIM CHIEF FINANCIAL OFFICER BRIAN PINHEIRO​ Source text for Eikon: Further company coverage:

  • 11/02/2017 14:48:48

    BRIEF-Amber Road reports Q3 adjusted non-GAAP loss per share of $0.02

    Amber Road Inc(AMBR): * Amber Road(AMBR) announces third quarter 2017 financial results. * Q3 adjusted non-GAAP loss per share $0.02. * Q3 GAAP loss per share $0.08. * Q3 revenue $20.2 million versus I/B/E/S view $20.4 million. * Sees Q4 2017 adjusted non-GAAP loss per share $0.04 to $0.07. * Sees FY 2017 adjusted non-GAAP loss per share $0.29 to $0.31. * Sees Q4 2017 revenue $20 million to $20.6 million.

  • 10/31/2017 12:46:00

    IDBI Bank expects balance sheet stability by March 2019

    With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877 crore in Q1). M K Jain, managing director, said the growth in operating profit was expected to be 20-22 per cent for the financial year ending March 2018.In September, the bank hired The Boston Consulting Group (BCG) to accelerate its turnaround plan and improve financial performance. IDBI is supposed to focus on four areas -- revenue enhancement, cost control & reduction, asset productivity and overall programme management, in consultation with BCG.Executives said the

  • 10/29/2017 21:34:46

    Kobe Steel to withdraw earnings forecast after data scandal: Nikkei

    TOKYO (Reuters) - Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday.

  • 10/26/2017 06:45:00

    Is an Effort Afoot to Improve Repo Communications?

    In the September issue of the Consumer Financial Protection Bureau’s Supervisory Highlights — in which CFPB supervision staff reports on issues they are seeing in the context of examinations — the staff addresses one of the more axiomatic and frustrating realities facing creditors — trying to retract a repossession order.Read More

  • 10/26/2017 05:57:21

    Euro slides after ECB extends QE until September 2018

    The euro moved sharply lower against other major currencies on Thursday after the European Central Bank said it'll reduce its bond-buying program to €30 billion a month and extend it at least until the end of September next year. The ECB currently buys €60 billion a month under its quantitative-easing program, but was widely expected to taper its purchases to between €20 billion to €30 billion. The euro fell to $1.1763, down from around $1.1810 before the release and from $1.1813 late Wednesday in New York. "If the outlook becomes less favorable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the [asset purchase program in terms of size and/or duration," the ECB said in its policy statement. 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.

  • 10/25/2017 20:35:42

    Chamber of Commerce files suit to stop consumers from filing lawsuits

    The Chamber of Commerce, the largest lobbying group in Washington by far, has filed a lawsuit against the Consumer Financial Protection Bureau to stop customers from filing class action lawsuits. Jose Sepulveda (@josesepulvedatv) has more.        

  • 10/23/2017 14:58:00

    Catholic Syrian Bank expects to raise funds by December

    Kerala-based Catholic Syrian Bank (CSB) hopes to conclude its equity raising exercise by December.T S Anantharaman, chairman, said the second half of the exercise would be concluded by then. CSB needs Rs 400-600 crore, from current growth projections. Sources say SSG Capital Management, InCred Finance, Aion Capital, JM Financial and Everstone-backed Indo Star Capital are among the investors which have shown interest. CSB's MD & CEO C V R Rajendran, managing director of CSB, would only say that 25-30 investors had shown interest and three-odd rounds of discussion were over.On an initial public offer of equity, he said: "We have told the Reserve Bank that CSB will be listed in the next one and a half years."CSB had a net loss of Rs 149 crore in 2015-16 and then turned around in 2016-17, with net profit of Rs 1.6 crore, on the back of treasury gains. Anatharaman said the challenge was to have growth in operating profit this year without the benefit of treasury gain. The operating ...

  • 10/23/2017 14:46:00

    Reserve Bank sets up task force on public credit registry

    The Reserve Bank today said it has set up a high-level task force on a Public Credit Registry for India with an aim to improve ease of doing business and control delinquencies. The 10-member panel headed by Y M Deosthalee, former CMD of L&T Finance Holdings, will review the current availability of information on credit in India. In a statement, the RBI said it has been under its active consideration to set up a transparent and comprehensive public credit registry (PCR), an extensive data base of credit information that is accessible to all stakeholders. The PCR would "help in enhancing efficiency of the credit market, increase financial inclusion, improve ease of doing business and help control delinquencies," the release said. The panel has been also asked to assess gaps in availability of information, determine the scope of the PCR, decide the structure of the new information system and suggest road map for developing a "transparent, comprehensive and near near ...

  • 10/20/2017 09:37:23

    Letters from regulators go unanswered, Axon slides

    Axon, the maker of Taser stun guns, is tumbling 6 percent after the company revealed that it had failed to respond to a series of letters from regulators regarding its financial filings.

  • 10/19/2017 13:49:10

    Subscription clothing service Stitch Fix files for IPO

    Stitch Fix Inc. , a subscription-clothing service startup, filed for an initial public offering Thursday that could test investors' appetite for subscription models after a tough first few months for Blue Apron Holdings Inc. In its filing with the Securities and Exchange Commission, Stitch Fix said it was targeting $100 million in proceeds, but that is typically a placeholder figure that will be replaced on subsequent filings. The company, which claims it is "reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment," intends to list under the ticker symbol SFIX on the Nasdaq exchange. Financial information shared in the filing show very strong revenue gains, from net revenue of $73.2 million in its 2014 fiscal year to $342.8 million in 2015, $730.3 million in 2016 and $977.1 million in the 2017 fiscal year, which ended July 31. Stitch Fix turned a profit in its 2015 and 2016 fiscal years, $20.9 million and $33.2 million in net income respectively, but slipped back to a loss of less than $600,000 last year. Goldman Sachs and J.P. Morgan will lead the offering, which will offer shares with lesser voting rights than those held by early investors and executives.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.

  • 10/19/2017 12:51:57

    Shares of United Airlines tumble after 3Q financial report

    Analysts for evidence that adding more flights and slashing prices to match budget carriers are boosting the company’s financial performance.        

  • 10/19/2017 11:47:56

    Shares of United Airlines tumble after 3Q financial report

    United Airlines' stock goes in a nosedive on forecast of weak pricing; CEO appeals for patience

  • 10/17/2017 14:44:04

    MobileIron shares fall on CEO leaving, revenue forecast

    MobileIron Inc.(MOBL) shares fell in the extended session Tuesday after the enterprise security company said Chief Executive Barry Mainz was leaving the company following a mutual decision, effective immediately, and forecast revenue below Wall Street estimates. MobileIron (MOBL) shares fell 11% to $3.40 after hours. Simon Biddiscombe, the chief financial officer, has been appointed CEO and president and will join the board, while Shawn Ayers, vice president of finance, will serve as...

  • 10/15/2017 21:13:07

    Kobe Steel shares tumble to near five-year low as cheating crisis deepens

    TOKYO (Reuters) - Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared hundreds of firms and left investors fearing for the financial and legal fallout.

  • 10/11/2017 13:20:23

    GE's stock tumbles to 4-year low; suffers worst 4-day stretch in 22 months

    General Electric Co.'s stock slumped 1.5% in afternoon trade Wednesday, toward the lowest close in over four years, and to extend its losing streak to four sessions. The stock has tumbled 6.2% during its losing streak, the worst four-day stretch since it lost 7.0% during the four days ending Jan. 11, 2016. The losses accelerated this week after the company announced after Friday's closing bell that its chief financial officer and two other vice chairs were leaving the company, and on Monday that it elected activist investor Trian Fund Management's chief investment officer to its board. On Wednesday, analyst C. Stephen Tusa at J.P. Morgan, the most bearish of the 20 analysts surveyed by FactSet who are covering GE, cut his price target to $20, which is 13% below current levels, from $22, while reiterating his sell rating. "In our view, an activist heightens the risk that GE tries for a quick fix, like it has done in the past," Tusa wrote. GE's stock, on track to close at the lowest level since July 3, 2013, has plunged 27% year to date, while the Dow has gained 16%.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.

  • 10/05/2017 14:18:30

    Dow ends at a fresh record; S&P 500 posts best record streak in 20 years

    U.S. stocks ended Thursday firmly in the green, adding to a series of records on the back of hopes around reforms to the tax code that could deliver a further fillip to assets perceived as risky like stocks. The Dow Jones Industrial Average closed up about 114 points, or 0.5%, at 22,775, while the S&P 500 index climbed 14 points, or 0.6%, at 2,552, posting its sixth straight record close. That marks the longest such string of all-time closing highs since the eight straight records in 1997, according to WSJ Market Data Group. The technology-laden Nasdaq Composite Index closed up about 50 points, or 0.8%, at 6,585. Technology and financial shares were among the best performing sectors on the day. Already in an uptrend, Wall Street got a midday boost after the House of Representatives passed a budget resolution--seen as setting the stage for an overhaul of the tax code. All three benchmarks finished at records for the third day in a row. In individual stocks, Netflix Inc. shares jumped 5.4% after the video-streaming giant raised the price of two of its memberships. 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.

  • 10/05/2017 14:07:12

    S&P 500 posts best record streak in 20 years as stocks dig further in to all-time highs

    U.S. stocks ended Thursday firmly in the green, adding to a series of records on the back of hopes around reforms to the tax code that could deliver a further fillip to assets perceived as risky like stocks. The Dow Jones Industrial Average closed up about 114 points, or 0.5%, at 22,775, while the S&P 500 index climbed 14 points, or 0.6%, at 2,552, posting its sixth straight record close. That marks the longest such string of all-time closing highs since the eight straight records in 1997, according to WSJ Market Data Group. The technology-laden Nasdaq Composite Index closed up about 50 points, or 0.8%, at 6,585. Technology and financial shares were among the best performing sectors on the day. Already in an uptrend, Wall Street got a midday boost after the House of Representatives passed a budget resolution--seen as setting the stage for an overhaul of the tax code. All three benchmarks finished at records for the third day in a row. In individual stocks, Netflix Inc. shares jumped 5.4% after the video-streaming giant raised the price of two of its memberships. 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.

  • 09/28/2017 11:34:18

    Ikea acquires TaskRabbit

    Home furnishing company Ikea Group has purchased TaskRabbit, a company that connects freelance workers with clients in need of services like furniture assembly, moving or handyman work. TaskRabbit operates in 40 cities in the U.S. and London, and will continue to operate as an independent company with the ability to partner with other companies. The deal is expected to close in October, according to a release. Ikea intends to learn from TaskRabbit's digital expertise and use its marketplace to provide services to Ikea customers. Ikea launched a pilot with TaskRabbit in London in November 2016. Ikea Group owns and operates 357 Ikea stores in 29 countries as well as an e-commerce business. Financial details of the deal were not disclosed. The SPDR S&P Retail ETF is down 5.4% for the year to date while the S&P 500 index is up 12% for the period.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.

  • 09/28/2017 06:21:21

    Philip Morris names new CFO, makes organizational changes

    Philip Morris International Inc. announced Thursday a number of organizational and senior management changes, as the tobacco company continues to move toward a cigarette-free future. The company said Chief Financial Officer Jacek Olczak will become chief operating officer, effective Jan. 1, while Martin King, currently the president of the Asia region, will be appointed as CFO. Philip Morris said it will increase the number of geographic operating regions to six from four. "There is no doubt that the greatest contribution PMI can make to society is to replace cigarettes with less harmful alternatives," said Chief Executive Andre Calantzopoulos. "The changes we are announcing today reflect our desire to best equip, empower and support our organization as we transform within a rapidly evolving environment." The stock rose 0.9% in premarket trade. It has lost 6.2% over the past three months but has run up 22% year to date, while the S&P 500 has gained 12% this year.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.

  • 09/27/2017 15:22:09

    CANADA STOCKS-TSX ends up with banks; Bombardier falls after tariff hit

    Sept 27 (Reuters) - Canada's main stock index closed higher on Wednesday despite a sharp drop in Bombardier Inc shares after the plane and train maker was hit by a steep U.S. tariff, as heavyweight financial stocks moved higher.

  • 09/27/2017 10:56:27

    The Zacks Analyst Blog Highlights: Apple, Snap, Intel and Corning

    For Immediate Release Chicago IL September 27 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the

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