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MarketWatch MarketPulse
Feb 16, 2018

Dow, S&P 500 book slight gains, mark 6th straight advance
The Dow industrials and S&P 500 on Friday logged their sixth straight advance on Friday, but the Nasdaq lagged its peers, as political drama sparked turbulent trade late in the session. Still, the benchmarks produced their best weekly rise in years, as the stock market attempts to claw back from last week's 10% pullback. The Dow Jones Industrial Average closd up about 19 points, or 0.1%, at 25,212, while the S&P 500 index ended up about a point, or less than 0.1%, at 2,732. The Nasdaq Composite Index , meanwhile, closed down roughly 17 points, or 0.2%, at 7,239. Stocks took an afternoon hit after Deputy Attorney General Rod Rosenstein said Friday's indictment by the Justice Department of Russian individuals and other entities included no allegation that any American knowingly colluded with Russia in trying to influence the 2016 presidential election. However, Rosenstein said there's no charge that any American participated. For the week, the Dow and S&P 500 returned 4.3%, while the Nasdaq put in a weekly advance of 5.3%, marking its best weekly rise since 2011.

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MarketWatch MarketPulse
Feb 16, 2018

Federal Reserve Board seeks to fine and bar Barclays banker over FX manipulation
The Federal Reserve Board is looking to fine and permanently bar former Barclays employee Peter Little over manipulation in the currency market. Little, the former head of Barclays' foreign exchange spot trading desk in New York, is "alleged to have engaged in unsafe and unsound practices by using electronic chat rooms to coordinate with traders and competitor banks to influence FX pricing benchmarks," the Fed said in a statement on Friday. Little is also being accused of failing to supervise his subordinates. The Fed is seeking to fine him $487,500 and bar him from working in the banking industry. This is the third time the central bank's board of governors has taken action against Barclays or its employees, following the barring of former FX traders Christopher Ashton and Michael Weston. The move to censure Little comes after domestic and U.K. regulators have slapped foreign-exchange traders at prominent banks with hefty fines over the past several years for allegedly using chat rooms to manipulate currency closing prices, or fixes, for everything from the U.S. dollar to the Japanese yen .

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MarketWatch MarketPulse
Feb 16, 2018

White House says charges show 'no collusion' between Russia, Trump campaign
The indictment of 13 Russians for breaking U.S. laws to interfere with the 2016 election show there was "no collusion" between Donald Trump's presidential campaign and Russia, White House press secretary Sarah Huckabee Sanders said. Trump has been briefed on the indictment, Sanders said, and the president tweeted that the campaign "did nothing wrong."

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.



MarketWatch MarketPulse
Feb 16, 2018

Apple's stock on track for biggest 6-day gain in nearly 4 years
Apple Inc.'s stock rose 0.3% in afternoon trade, putting it on track for the sixth-straight gain. The 11.8% the stock has climbed during that streak, which began after it closed at a four-month low on Feb. 8, would be the biggest six-session percentage gain since it climbed 12.7% in the six sessions ending May 1, 2014. That six-day rally was kicked off by better-than-expected fiscal second-quarter results and after the company boosted its capital return program to $130 billion. The stock's current bounce coincides with the bounce in the broader stock market. The Dow has rallied 1,426 points, or 6.0%, amid a six-session win streak.

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.



MarketWatch MarketPulse
Feb 16, 2018

Oil futures end higher, hold gains after rig-count data
Oil futures ended higher Friday, holding gains after data showed another rise in the number of U.S. drilling rigs. West Texas Intermediate crude for March delivery rose 34 cents, or 0.6%, to end at $61.68 a barrel. For the week, the U.S. benchmark rose 4.2%, cutting its month-to-date decline to 4.7%, according to FactSet data.

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MarketWatch MarketPulse
Feb 16, 2018

Mueller announces guilty plea of American in ID theft case
Special Counsel Robert Mueller on Friday announced a guilty plea with Richard Pinedo, saying the American man used stolen identities in connection with defeating security features of digital payment companies. The plea deal followed an indictment of 13 Russians for breaking U.S. laws to interfere with the 2016 elections. The Pinedo announcement does not mention the 2016 election.

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MarketWatch MarketPulse
Feb 16, 2018

Dow rebounds as Rosenstein says no allegation any American participated in unlawful activity with Russia
The Dow Jones Industrial Average bounced back, coming off its lows, Friday afternoon after Deputy Attorney General Rod Rosenstein said no American knowingly colluded with Russia in trying to influence the 2016 election. Rosenstein during a news conference said that there's no evidence efforts to impact that presidential vote were successful. The Dow Jones Industrial Average was up 84 points, or 0.3%, at 25,281, in recent trade, the S&P 500 index rose 0.4% at 2,740, while the Nasdaq Composite Index added less than 0.1% at 7,259. The stock market turned lower Friday afternoon following reports that 13 Russians were indicted for attempting to interfere with the 2016 election. Rosenstein said there's no allegation any American participated in unlawful activity.

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MarketWatch MarketPulse
Feb 16, 2018

Clean energy company NextEra raises quarterly dividend by 13% to $1.11
Clean Energy company NextEra Energy said Friday it is raising its quarterly dividend by 13% to $1.11. The new dividend will be payable March 15 to shareholders of record as of Feb. 27. The board further approved a two-year extensions of its dividend policy, which is expected to lead to 12% to 14% increases per year through at least 2020. Shares rose 1.1%, but are down 0.1% in the last 12 months, while the S&P 500 has gained 17%.

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MarketWatch MarketPulse
Feb 16, 2018

Oil remains higher after rise in U.S. rig count
Oil futures maintained gains Friday after data showed a rise in the number of U.S. oil rigs this week. Baker Hughes said the number of U.S. oil rigs rose to 798 versus a total of 791 a week ago. West Texas Intermediate crude for March delivery was up 36 cents, or 0.6%, at $61.53 a barrel.

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MarketWatch MarketPulse
Feb 16, 2018

Mueller indicts 13 Russian nationals over interfering with U.S. elections
Special Counsel Robert Mueller has indicted 13 Russian nationals and three Russian entities, accusing them of interfering in U.S. elections. The entities include the Internet Research Agency -- described as a Russian group engaged in operations to interfere with political processes -- and multiple defendants associated with it. The indictment says the defendants were supporting Donald Trump's campaign and disparaging Hillary Clinton.

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MarketWatch MarketPulse
Feb 16, 2018

FBI says it didn't investigate tip that Florida shooter wanted to kill people
The Federal Bureau of Investigation on Friday said it didn't properly respond after someone close to the shooter who killed at least 17 people at a Florida school contacted the agency. The FBI said it was contacted on its public access line on Jan. 5 by someone "close to Nikolas Cruz" who provided information "about Cruz's gun ownership, desire to kill people, erratic behavior, and disturbing social media posts, as well as the potential of him conducting a school shooting." However, the information was not provided to the Miami field office of the FBI, and no investigation was conducted at that time.

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MarketWatch MarketPulse
Feb 16, 2018

U.S. Steel, Alcoa shares jump after tariff proposal
Shares of U.S. Steel Corp. surged more than 12% and Alcoa Inc. stock rose nearly 3% on Friday after the U.S. Commerce Department recommended tariffs on steel and aluminum from other countries, including China and Brazil. U.S. Steel shares were recently up 10% to $43, on track for their their highest close since September 2014. The tariffs and quotas would vary from country to country, with the highest ones going to aluminum from China and Russia, among other countries, and the highest steel tariffs on imports from countries including Brazil, China and Russia. President Donald Trump earlier this week said he was considering the tariffs, and the administration last month imposed tariffs on solar panels and modules.

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.



MarketWatch MarketPulse
Feb 16, 2018

Dow and S&P 500 on track to retrace a little over half of their recent selloffs
The S&P 500 is surging 0.6% in midday trade Friday, putting it on track to have its best week in more than six years, but has only retraced 57.1% of the previous selloff. The Dow Jones Industrial Average was up 161 points, or 0.6%, on track for a sixth-straight gain, and the best week since November 2016, but has retraced just 54.5% of its selloff. The S&P 500 fell 291.87 points, or 10.2%, from its Jan. 26 record close of 2,872.87 to the Feb. 8 low of 2,581.00, and has now bounced 166.55 points since. The Dow had tumbled 2,756.25 points, or 10.4%, from its Jan. 26 record through Feb. 8, and has bounced 1,500.79 points since. Technicians who use the Fibonacci ratio of 0.618%, also known as the "Golden Ratio," believe that until a charted instrument retraces 61.8% of a previous move, it is still governed by that previous moves. Basically, despite the big bounces this week, the S&P 500 and the Dow would still be part of the previous downtrend until the S&P 500 closes above 2,761.38 and the Dow closes above 25,563.82. Meanwhile, with the Nasdaq Composite up 0.5%, and on track for its biggest weekly gain since December 2011, it has now retraced 70.66% of its Jan. 26-Feb. 8 selloff.

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MarketWatch MarketPulse
Feb 16, 2018

Metals and mining ETF rallies after Commerce Department recommends tariffs
An exchange-traded fund tracking metal and mining companies rallied on Friday, after the Commerce Department recommended tariffs on major metal imports. The SPDR S&P Metals & Mining ETF jumped 3.1% and extended its advance throughout the trading day. Thus far this week, it is up 12%, which is set to be its biggest one-week percentage gain since March 2016. The U.S. Commerce Department has recommended a 24% tariff on steel imports from all countries, and a 7.7% tariff on aluminum imports, among other options. President Donald Trump is required to make decisions on the recommendations in April. Among specific stocks, United States Steel Corp. surged 11% while AK Steel Holding Corp. advanced 11.5%. Nucor Corp. was 4.8% higher on the day, while aluminum maker Alcoa Corp. was up 3.4%. The Dow Jones Industrial Average rose 0.7% while the S&P 500 was up 0.6% and the Nasdaq Composite Index added 0.5%.

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MarketWatch MarketPulse
Feb 16, 2018

Commerce Department recommends 24% tariff on steel imports as it lays out options for Trump
The U.S. Commerce Department has recommended a 24% tariff on steel imports from all countries, and a 7.7% tariff on aluminum imports, among other options. President Donald Trump is required to make decisions on the recommendations in April. The Commerce Department said the imports "threaten to impair the national security" of the U.S.

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MarketWatch MarketPulse
Feb 16, 2018

Helios & Matheson increases ownership of MoviePass to 78%
Helios & Matheson Analytics Inc. said on Friday that it increased it's stake in cinema-going subscription service MoviePass. Helios & Matheson said its total ownership of the outstanding shares of MoviePass's common stock is now equal to 78% of the rapidly growing business. Shares of Helios & Matheson were down more than 7% after announcing the move, but shares are up more than 29% in the last 12 months. By comparison, the S&P 500 index is up 17% and the Dow Jones Industrial Average is up more than 22%.

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MarketWatch MarketPulse
Feb 16, 2018

S&P 500 poised for biggest weekly advance since 2011
The S&P 500 rallied for a sixth straight session on Friday, putting the benchmark U.S. equity index on track for its best weekly performance in more than six years. The index rose 0.4% on the day, bringing its week-to-date advance to 4.7%. That represents the biggest one-week percentage gain since a week ending Dec. 2, 2011. The Nasdaq Composite Index , up 5.9% on the week and 0.3% on the day, is also set for its biggest weekly gain since December 2011. The Dow Jones Industrial Average , meanwhile, is up 0.5% on the day, bringing its weekly gain to 4.7%. That represents its best week since November 2016, in the wake of the presidential election. All three indexes are set for their sixth advance in a row, as concerns over inflation appeared to wane.

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MarketWatch MarketPulse
Feb 16, 2018

FirstEnergy to deactivate coal-fired plant in West Virginia, affecting 190 employees
FirstEnergy Corp. said Friday it plans to deactivate the coal-fired Pleasants Power Station in Willow Island, West Virgina, affecting about 190 employees. The stock was up 0.6% in morning trade. The company said the decision was made after the Federal Energy Regulatory Commission rejected last month FirstEnergy subsidiary Mon Power's plan to buy Pleasants. The company said the Public Service Commission of West Virginia had approved the sale, subject to a number of "significant conditions," which combined with the FERC rejection made the proposed deal "unworkable." FirstEnergy said the plant deactivation is subject to regulatory review for reliability impacts. "We will continue to pursue opportunities to sell the plant while planning for deactivation," said Chief Executive Charles Jones. The stock has gained 7.7% over the past 12 months, while the S&P 500 has climbed 17%.

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MarketWatch MarketPulse
Feb 16, 2018

SEC halts trading in three companies for making questionable crypto asset claims
The Securities and Exchange Commission suspended trading on Friday in Cherubim Interests, Inc. , PDX Partners, Inc. , and Victura Construction Group, Inc. because of questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC said recent press releases issued by the three companies claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things. Cherubim Interests, Inc. also announced the execution of a financing commitment to launch an initial coin offering. The SEC has questions regarding the nature of the companies' business operations and the value of their assets, including in press releases issued beginning in early January 2018. The SEC also said Cherubim Interests, Inc is delinquent in filing annual and quarterly reports. The SEC has been warning investors to be on alert for companies that may publicly announce ICO or coin/token related events for the sole purpose of moving the price of the company's common stock.

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.



MarketWatch MarketPulse
Feb 16, 2018

Dow pivots slightly higher, as stock market aims for 6th gain in a row, best weekly gains in years
U.S. stock-indexes traded modestly higher on Friday, on pace for its best week in more than a year following five straight daily gains. The Dow Jones Industrial Average was up 60 points, or 0.2%, at 25,255, the S&P 500 index added 2.5 points, or 0.1%, at 2,734. The Nasdaq Composite Index added 8 points, or 0.1%, at 7,264. For the week, the Dow was on track for its best rise since the period ended Dec. 2, 2011, the S&P 500 looked set for the best weekly climb since Jan. 4, 2013, while the Nasdaq appeared set for its best such return since the period ended Nov. 11, 2016. In corporate news, Coca-Cola Co. shares rose by 1% in after the beverage company reported fourth-quarter adjusted per-share earnings and sales that beat expectations. In economic reports, a reading on import prices for January showed a monthly increase of 1%, helping to confirm signs that once-sluggish inflation is pushing higher. Data earlier in the week showed a rise in consumer price inflation, which is watched as a barometer for the Federal Reserve's interest-rate plans. The import-price increase was hotter than the 0.7% rise in import prices expected by a FactSet poll of analysts, and compares with a 0.1% gain in December.

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MarketWatch MarketPulse
Feb 16, 2018

Apple's upcoming capital return announcement not a reason to be bullish: analyst
Analysts at Raymond James resumed coverage of Apple Inc. Friday with a market perform rating, citing the stock's big run up prior to "a supercycle that didn't occur" as reason for their mixed stance. The analysts, led by Chris Caso, see Apple's upcoming spring announcement about how it plans to grow its capital returns program as the next potential catalyst for the stock, but they believe that with so many people anticipating this update, it's not "enough of a reason to be overweight the stock." Later this year, the analysts believe that Apple could benefit from doing a better job of managing "the mix of features and price points" given what they perceive as "substantial demand" already for phones that cost $1,000 or more. Apple shares are down 0.2% in premarket trading Friday and up 28% over the past 12 months, with the Dow Jones Industrial Average up 22% in that time.

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MarketWatch MarketPulse
Feb 16, 2018

Campbell Soup shares fall after weak U.S. soup sales
Campbell Soup Co. said Friday it had net income of $285 million, or 95 cents a share, in its fiscal second quarter to Jan. 28, up from $101 million, or 33 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.00, ahead of the FactSet consensus of 82 cents. Sales rose to $2.18 billion from $2.17 billion, also ahead of the FactSet consensus of $2.16 billion. Despite the beat, Chief Executive Denise Morrison said it was a disappointing quarter, driven by continued challenges in U.S. soup and Campbell Fresh. "The decline in organic sales was largely due to the performance of Americas Simple Meals and Beverages, where U.S. soup sales decreased by 7 percent based on the key customer issue we discussed last quarter," she said in a statement. "We are making progress with this customer and expect sales declines in soup to moderate in the second half." Campbell Fresh fell short of expectations due to headwinds in the super premium juice category. Global biscuits and snacks performed better, and the company is raising its cost savings target to $500 million by the end of fiscal 2020, she said. The company completed the acquisition of Pacific Foods in the quarter, a deal expected to bolster the company's presence in organic soup and announced plans to buy Snyder's-Lance, expected to expand snacks. The company raised its full-year guidance and now expects sales to be down 1% to up 1%, versus prior guidance of down 2% to flat. It expects adjusted EPS to rise 2% to 4%, versus prior guidance of down 5% to down 3%. Shares fell 1.9% in premarket trade, and are down 24% in the last 12 months, while the S&P 500 has gained 16%.

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MarketWatch MarketPulse
Feb 16, 2018

American Axle's stock soars after profit and revenue rise above expectations
Shares of American Axle & Manufacturing Holdings Inc. soared 11% in premarket trade Friday, after the engine and automotive products maker beat fourth-quarter profit and revenue that rose above expectations. Net income for the quarter to Dec. 31 rose to $106.3 million, or 93 cents a share, from $46.9 million, or 59 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 89 cents, above the FactSet consensus of 76 cents. Revenue rose to $1.73 billion from $946.5 million, topping the FactSet consensus of $1.69 billion, as non-GM (General Motors) sales more than tripled to $1.01 billion. For 2018, the company said it is targeting revenue of about $7 billion, compared with the FactSet consensus of $6.8 billion. The stock has tumbled 10.8% over the past three months through Thursday, while the S&P 500 has gained 5.6%.

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MarketWatch MarketPulse
Feb 16, 2018

Mitt Romney says he's running for Senate from Utah
Former Republican presidential nominee Mitt Romney announced Friday that he's running for the U.S. Senate from Utah, saying he can help bring the state's values to Washington. Romney is aiming to replace retiring Sen. Orrin Hatch, a Republican who heads the Senate Finance Committee. One issue Romney focused on in his video message was immigration, saying, "Washington sends immigrants a message of exclusion," but Utah welcomes legal immigrants from around the world.

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MarketWatch MarketPulse
Feb 16, 2018

Wynn Resorts discloses Steve Wynn will not receive severance
Wynn Resorts Ltd. confirmed Friday that Steve Wynn, who resigned as Chairman and Chief Executive last week amid allegations of sexual misconduct, was not entitled to any severance payment or other compensation under the employment agreement. The company said in an SEC filing, that Wynn has agreed to not compete with Wynn Resorts for two years, and to provide "reasonable cooperation and assistance" to the company in connection with any private litigation or arbitration related to his service with the company. Wynn's lease of his personal residence at Wynn Las Vegas will terminate no later than June 1, 2018, and until such date Wynn will pay rent at fair market value. Wynn Resorts' stock rose 0.6% in premarket trade. It has rallied 7.1% over the past three months, while the S&P 500 has gained 5.6%.

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MarketWatch MarketPulse
Feb 16, 2018

Kraft Heinz earnings and sales miss
Kraft Heinz Co. reported fourth-quarter net income of $8.0 billion, or $6.52 per share, up from $944.0 million, or 77 cents per share, for the same period last year. Adjusted EPS was 90 cents per share, missing the 95-cents FactSet consensus. Sales were $6.88 billion, up from $6.86 billion last year and below the $6.91 billion FactSet consensus. Heinz Chief Executive David Knopf says the company has made $300 million in strategic investments and $800 million in capital expenditures to improve the business since the tax overhaul was put in place. U.S. sales were down 1.1% to $4.8 billion with volume down 1.7 percentage points driven by distribution losses in the club channel for Planters nuts, lower shipments of natural cheese and service-related losses in cold cuts. Losses were offset by gains in macaroni and cheese, Lunchables, Capri Sun beverages and P3 portable snacks. Kraft Heinz shares are down 0.3% in Friday premarket trading, and down 16.7% for the last year. The S&P 500 index is up 16.4% for the past 12 months.

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MarketWatch MarketPulse
Feb 16, 2018

Campbell Soup shares fall after CEO says quarter was disappointing
Campbell Soup Co. said Friday it had net income of $285 million, or 95 cents a share, in its fiscal second quarter to Jan. 28, up from $101 million, or 33 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.00, ahead of the FactSet consensus of 82 cents. Sales rose to $2.18 billion from $2.17 billion, also ahead of the FactSet consensus of $2.16 billion. Despite the beat, Chief Executive Denise Morrison said it was a disappointing quarter, driven by continued challenges in U.S. soup and Campbell Fresh. "The decline in organic sales was largely due to the performance of Americas Simple Meals and Beverages, where U.S. soup sales decreased by 7 percent based on the key customer issue we discussed last quarter," she said in a statement. "We are making progress with this customer and expect sales declines in soup to moderate in the second half." Campbell Fresh fell short of expectations due to headwinds in the super premium juice category. Global biscuits and snacks performed better, and the company is raising its cost savings target to $500 million by the end of fiscal 2020, she said. The company completed the acquisition of Pacific Foods in the quarter, a deal expected to bolster the company's presence in organic soup and announced plans to buy Snyder's-Lance, expected to expand snacks. The company raised its full-year guidance and now expects sales to be down 1% to up 1%, versus prior guidance of down 2% to flat. It expects adjusted EPS to rise 2% to 4%, versus prior guidance of down 5% to down 3%. Shares fell 1.9% in premarket trade, and are down 24% in the last 12 months, while the S&P 500 has gained 16%.

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MarketWatch MarketPulse
Feb 16, 2018

Coca-Cola shares rise after earnings and sales beat
Coca-Cola Co. shares rose 1.7% in Friday premarket trading after the beverage company reported fourth-quarter earnings and sales that beat expectations. Coca-Cola reported a net loss of $2.75 million, or 65 cents per share, compared with net income of $550.0 million, or 13 cents per share, for the same period last year. Losses were driven primarily by items impacting comparability, including the tax overhaul. Adjusted EPS was 39 cents. Revenue totaled $7.51 billion, down 20% from $9.41 billion last year. The FactSet EPS consensus was 38 cents and the revenue consensus was $7.36 billion. Coca-Cola says it will have a 26% headwind in the first quarter from acquisitions, divestitures and structural items. Coca-Cola shares are down 3.8% for the last three months, but up 8.7% for the past year. The Dow Jones Industrial Average is up 22.2% for the last 12 months.

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MarketWatch MarketPulse
Feb 15, 2018

SEC rejects sale of Chicago Stock Exchange
The Securities and Exchanges Commission rejected the sale of the Chicago Stock Exchange to a group that includes Chinese investors, the Wall Street Journal reported late Thursday. In August, the SEC said it was reconsidering the sale after staff recommended the $20 million deal. Critics, both Democrats and Republicans, worried the deal could allow the Chinese ownership to influence America's financial infrastructure. The consortium seeking to buy the exchange included Chinese investors, who would have gotten about a 29% stake in the exchange. Regulators said the deal did not comply with rules governing U.S. stock exchanges, and expressed worries about the ownership structure. "The review process has also raised questions about whether the proposed ownership structure will allow the Commission to exercise sufficient oversight of the Exchange," the SEC said in a filing posted online Thursday. "We therefore disapprove the proposed rule change."

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MarketWatch MarketPulse
Feb 15, 2018

SEC rejects sale of Chicago Stock Exchange: report
The Securities and Exchanges Commission rejected the sale of the Chicago Stock Exchange to a group that includes Chinese investors, the Wall Street Journal reported late Thursday. In August, the SEC said it was reconsidering the sale after staff recommended the $20 million deal. Critics, both Democrats and Republicans, worried the deal could allow the Chinese owners to acquire secrets about U.S. trading strategies.

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MarketWatch MarketPulse
Feb 15, 2018

Allscripts fourth-quarter bookings fall short of Street estimates
Allscripts Healthcare Solutions Inc. shares fell in the extended session Thursday after the healthcare-related software company's bookings for the fourth quarter fell short of Wall Street estimates. Allscripts shares traded down as much as 9% after hours. Allscripts reported fourth-quarter bookings of $314 million, while analysts surveyed by FactSet had estimated $408.3 million. The company reported fourth-quarter net income of $5.8 million, or 3 cents a share, compared with a loss of $7.4 million, or 4 cents a share, in the year-ago period. Adjusted earnings were 18 cents a share. Adjusted revenue rose to $546.8 million from $429.4 million in the year-ago period. Analysts had estimated 18 cents a share on revenue of $523.7 million. For the year, Allscripts estimates earnings of 72 cents to 82 cents a share on revenue of $2.15 billion to $2.25 billion. Analysts expect earnings of 79 cents a share on revenue of $2.15 billion. Separately, Allscripts said it sold its OneContent business to Hyland Software Inc. for an undisclosed amount.

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MarketWatch MarketPulse
Feb 15, 2018

LogMeIn shares fall after revenue miss
LogMeIn Inc. shares fell more than 5% in the extended session Thursday after the company missed revenue expectations and issued weaker-than-expected first-quarter guidance. The company reported fourth-quarter net income of $93.3 million, or $1.74 a share, compared with $1.9 million, or 7 cents a share, in the year-ago period. Adjusted earnings were $1.20 a share. Revenue rose to $279.9 million from $88 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.17 a share on revenue of $277.6 million. For the first quarter, analysts model adjusted earnings of $1.10 a share on sales of $279 million. The company said it expects earnings of $1.17 to $1.18 a share on revenue of $276 million to $277 million. LogMeIn stock has gained 40% in the past year, with the S&P 500 index rising 15%.

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MarketWatch MarketPulse
Feb 15, 2018

Shares of Wendy's rise as company hikes dividend and approves stock buyback
Shares of Wendy's Co. rose in Thursday's extended session after the fast-food company said it will raise its quarterly dividend by 21% to 8.5 cents. The dividend will be paid on March 15 to shareholders of record as of March 1. The board also approved a stock buyback plan of up to $175 million that will expire in March 2019. Wendy's shares gained 1.8% after hours.

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MarketWatch MarketPulse
Feb 15, 2018

China's Treasury holdings in 2017 climbed by the most in seven years
China's holdings of U.S. government paper rose the most in seven years last year, according to recently published data from the widely-watched Treasury International Capitol Report. The second-largest economy's stockpile of Treasurys climbed more than $120 billion in 2017 to $1.185 trillion as of December. As pressure on the yuan abated last year, it began to accumulate U.S. government paper. The People's Bank of China buys Treasurys, a mainstay of its foreign-exchange reserves, to stabilize the currency . Earlier in January, reports suggested the Chinese government would diversify away from U.S. bonds amid a flare-up in its trade relations. The reports were later refuted, but underlined bond investors' concerns the U.S. was ramping up issuance of debt at a time when its largest foreign holder appeared unwilling to absorb this increase in supply.

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Feb 15, 2018

Shake Shack shares volatile as earnings beat Street, outlook doesn't
Shake Shack Inc. shares were volatile in the extended session Thursday after the fast-food chain topped Wall Street estimates on earnings but offered a weak-than-expected outlook. Shake Shack shares, which had risen by as much as 5%, traded between gains and losses and were last up 2.4% after hours. The company reported a fourth-quarter loss of $14.4 million, or 55 cents a share, compared with net income of $3.9 million, or 15 cents a share, in the year-ago period. Adjusted earnings, excluding charges from the U.S. tax overhaul, were 10 cents a share. Revenue rose to $96.1 million from $73.3 million in the year-ago period. Analysts surveyed by FactSet had estimated 6 cents a share on revenue of $92.8 million. For the year, Shake Shack sees revenue of $444 million to $448 million. Analysts expect revenue of $459 million.

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Feb 15, 2018

Jeffrey Tambor won't return to Amazon's 'Transparent' following sexual harassment allegations: report
Following an investigation into claims of sexual harassment, Amazon.com Inc.'s Amazon Studios has decided that Jeffrey Tambor will not return to the Emmy- and Golden Globe-winning show "Transparent," according to media reports. Amazon representatives did not immediately respond to requests for comment. In the wake of sexual harassment allegations against Tambor in November the 73-year-old actor said, "I don't see how I can return to 'Transparent'." The future of the show is unclear, but Amazon renewed "Transparent" for a fifth season back in August. Shares of Amazon are up 97% in the last 12 months, while the S&P 500 index is up more than 16% and the Dow Jones Industrial Average is up nearly 21%.

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Feb 15, 2018

CBS shares rise on earnings beat
CBS Corp. class B stock rose 2.1% in the extended session Thursday after the company beat earnings expectations. The company reported fourth-quarter net losses of $42 million, or 10 cents a share, compared with losses of $113 million, or 27 cents a share, in the year-ago period. Adjusted earnings were $1.20 cents a share. Revenue rose to $3.92 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.14 a share on revenue of $3.71 billion. For the first quarter, analysts model adjusted earnings of $1.30 on sales of $3.54 billion. CBS class B stock has fallen 13% in the past year, as the S&P 500 index rose 15%.

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Feb 15, 2018

Arista stock falls after earnings beat
Arista Networks Inc. shares declined from record highs in late trading Thursday despite revealing stronger-than-expected fourth-quarter earnings. The networking company disclosed net income of $103.8 million, or $1.29 a share, on sales of $467.9 million, up from $328 million a year ago. After adjusting for litigation costs involving larger rival Cisco Systems Inc. as well as stock-based compensation and other effects, Arista claimed profit of $1.71 a share, up from $1.04 a share in the same period last year. Analysts on average had predicted adjusted earnings of $1.42 a share on sales of $463 million, according to FactSet. Arista predicted sales of $450 million to $468 million in the current quarter, while analysts were projecting $457 million, according to FactSet. After closing at a record high for a fourth consecutive session Thursday, shares declined more than 10% in after-hours trading immediately following the report.

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Feb 15, 2018

Trump-backed immigration bill fails in Senate
An immigration bill backed by President Donald Trump failed in the Senate on Thursday, leaving the future of Dreamers uncertain ahead of a March 5 deadline. The Senate rejected a bill from Republican Charles Grassley of Iowa that largely mirrored Trump's own proposals, including a pathway to citizenship for Dreamers in exchange for $25 billion to fund a southern border wall. Trump has given Congress until March 5 to pass a replacement for an Obama-era program shielding Dreamers from deportation. The Grassley bill needed 60 votes to advance but got just 39.

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Feb 15, 2018

Watchdog investigating whether FCC chair helped Sinclair: report
The Federal Communications Commission's inspector general has decided to investigate whether Ajit Pai, the head of the regulatory agency, pushed ruled changes and timed them to benefit Sinclair Broadcasting , the New York Times reported Thursday. Last April, Pai led the FCC to approve rules to allow television broadcasters to greatly increase the stations they own. A few weeks later, Sinclair Broadcasting announced a $3.9 billion deal to buy Tribune Media . Experts said the probe may complicate the reviews of the Sinclair-Tribune deal by the FCC and the Justice Department.

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Feb 15, 2018

Stocks end higher for fifth straight session
U.S. stock-market indexes closed higher on Wednesday, extending their winning streak to five sessions. Investors appeared to have shrugged off stronger-than-expected inflation data over the past two sessions. The S&P 500 rose 32.57 points, or 1.2%, to 2,731.20. The Dow Jones Industrial Average advanced by 306.88 points, or 1.2%, to 25,200.37. Of the 30 blue-chip stocks, 27 closed in positive territory, with Cisco Systems, Inc and Boeing Co. leading the gains, up 4.7% and 3.4%, respectively. The Nasdaq Composite gained 112.81 points, or 1.6% to 7,256. The tech-heavy index is up 5.1% year to date, while the S&P 500 and Dow industrials are up about 2% since the start of the year.

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Feb 15, 2018

Roche to acquire cancer software company Flatiron for $1.9 billion
Roche Holding AG said Thursday it agreed to acquire all the shares of Flatiron Health Inc. for $1.9 billion. New York City-based Flatiron has raised $313 million in funding from such investors as Alphabet Inc.'s Google Ventures and Roche, according to Crunchbase. Flatiron specializes in electronic health record software for cancer patients and research. Roche already owns 12.6% of Flatiron. Roche expects to close the transaction in the first half of 2018. Roche U.S. shares rose 1.2% in recent activity.

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Feb 15, 2018

Ex-Trump aide Bannon reportedly meets with special counsel
President Trump's former chief strategist, Steve Bannon, has been interviewed several times in the past week by the special counsel looking into Russian influence on the 2016 election, NBC News reported. Special Counsel Robert Mueller is also probing whether the Trump campaign colluded with the Russians. Bannon left the White House last year and fell out of favor with Trump after critical remarks he made about the president and his family in the book "Fire and Fury." Bannon reportedly had been questioned by Mueller's team for 20 hours. Bannon previously denied the White House colluded with Russia, but he blamed Donald Trump Jr. for meeting with a Russian lawyer claiming to have negative information on Hillary Clinton.

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Feb 15, 2018

Senate rejects immigration bill that excluded border wall funds
The Senate rejected a bipartisan immigration bill that didn't include money for President Donald Trump's proposed border wall. The measure needed 60 votes to advance and got only 52. The bill from Sens. John McCain, an Arizona Republican, and Chris Coons, a Delaware Democrat, would provide a path to citizenship for more than 1.8 million Dreamers. The Senate is debating four different immigration proposals on Thursday.

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Feb 15, 2018

Oil futures end higher as dollar weakness continues
Oil futures settled higher Thursday, reversing earlier losses, as dollar weakness continued. West Texas Intermediate crude for March delivery on the New York Mercantile Exchange rose 74 cents, or 1.2%, to close at $61.34 a barrel. A weaker dollar can be positive for commodities priced in the currency, making them cheaper to users of other currencies.

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Feb 15, 2018

Boeing's stock surges, adding over 70 points to the Dow's price
Shares of Boeing Co. shot up 3.1% in afternoon trade, to provide the biggest boost to the Dow Jones industrial Average's price, after European rival Airbus SE reported upbeat results. The aerospace giant's price gain of $10.56 was adding about 73 points to the Dow, which was up 211 points. The Dow's biggest percentage gainer was Cisco Systems Inc.'s shares , which rallied 4.4% after better-than-expected quarterly results, but the price gain of $1870 only added 13 points to the Dow. Apple Inc.'s stock was up 3.2% to be the second-biggest percentage gainer, with its $5.28 price gain adding 36 points to the Dow. Earlier Wednesday, Airbus's France-listed shares shot up 10.3% Thursday, after the company said it "overachieved on its 2017 guidance for all key performance indicators" amid record deliveries. Boeing's stock had soared 35.2% over the past three months, while Airbus shares have climbed 8.6% and the Dow has rallied 7.9%.

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Feb 15, 2018

Gold settles lower as as Dow, S&P 500 try for fifth straight gain
Gold prices on Thursday ended slightly lower, retreating from the highest finish in nearly three weeks, despite a weakening dollar as stock benchmarks looked set to rise for a fifth straight session, pointing to an increase in appetite for asset perceived as risky. April gold closed down $2.70, or 0.2%, at $1,355.30 an ounce. The dollar extended its stretch of weakness, with the U.S. ICE Dollar Index off 0.4% and set for a 1.9% weekly slump, at 88.74. A weaker dollar should provide a lift to assets pegged to greenback, making them more attractive to buyers using other currencies. However, gold appeared to take its cues from a rally in equities, which had slipped about 10% from a recent peak in late January. The Dow Jones Industrial Average was set to mark its longest string of gains in about 9 weeks, while the S&P 500 index also was set to notch a fifth straight advance, suggesting that some calm had returned to the market following a stretch of losses. The metals market also digested economic reports, notably the producer price index, which pointed to stronger inflation trends in the U.S., an economic picture that could push the Federal Reserve to be more aggressive with interest-rate hikes, a negative for metals that don't offer a yield.

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Feb 15, 2018

Apple's stock surges toward 5th-straight gain after Buffett boosts take, upbeat research data
Shares of Apple Inc. surged 3.1% in midday trade Thursday, putting it on track for a fifth-straight gain, after Warren Buffett's Berkshire Hathaway Inc. disclosed a larger stake in the technology giant, and after an upbeat research note on smartphone marketshare. The stock has now run up 11.2% since it closed at a four-month low on Feb. 7. Late Wednesday, Berkshire disclosed that it owned 165.3 million shares of Apple, or about 3.3% of the shares outstanding, as of Dec. 31, up 23.3% from what it owned on Sept. 30. Separately, famed billionaire David Tepper's hedge fund Appaloosa LP more than tripled its Apple bet to 4.6 million shares. Separately, Strategy Analytics said Apple captured a record 51% of global smartphone revenue share during fourth quarter. Apple generated $61 billion in smartphone revenue during the quarter, Strategy Analytics said, more than triple the $19 billion generated by Samsung Electronics Co. Ltd. . Apple shares have gained 2.1% over the past three months, while the Dow Jones Industrial Average has climbed 7.7%.

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Feb 15, 2018

AbbVie stock rises after dividend boosted 35%, new $10 billion buyback program
Shares of AbbVie Inc. rose 1.0% in midday trade Thursday, after the biopharmaceutical company said it raised its dividend by 35% and set a new $10 billion share repurchase program. The new quarterly dividend of 96 cents a share, up from 71 cents a share, will be payable May 15 to shareholders of record on April 13. Based on current share prices, the new annual dividend rate implies a dividend yield of 3.36%, above the SPDR S&P Pharmaceuticals ETF's payout yield of 0.68% and the S&P 500's implied yield of 1.88%, according to FactSet. The company said its new share buyback program supersedes any existing programs. At current share prices, the program would allow the company to buy back about 87.6 million shares, or 5.5% of the shares outstanding. AbbVie's stock has run up 21.8% over the past three months, while the pharmaceutical ETF has gained 4.6% and the S&P 500 has advanced 5.8%.

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Feb 15, 2018

Bitcoin retakes $10,000 level for the first time in about 2 weeks
The price of a single bitcoin hit $10,000 for the first time since the beginning of the month, underscoring a rally in the world's No. 1 cryptocurrency since touching a recent low. Bitcoin has risen about 68% since touching a low below $6,000, according to news and research site CoinDesk. Bitcoin hit an intraday high of $10,064.98, representing a 5.6% increase on the day, dragging other major digital currencies along for the uptrend. That said, the virtual currency is still below its late-December peak at around $20,000.

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Feb 15, 2018

Dick's Sporting Goods upgraded to hold from sell at CFRA, citing positive sales trends
CFRA upgraded the stock of Dick's Sporting Goods Inc. to hold from sell on Thursday, and raised its 12-month price target by $7 to $34."We raise our opinion given recent positive sales trends reported by some footwear and apparel brands sold at DKS," analyst Victor Ahluwalia wrote in a note. "Longer term, we remain concerned around margin pressure given Dick's price match guarantee, e-commerce currently being margin dilutive and the viability of private label." Earlier, Dick's said it is raising its quarterly dividend by 32% to 22.5 cents a share from 17 cents a share. The new dividend will be payable on March 30 to shareholders of record as of March 9. Shares were trading down 0.9%, and are down 33% in the last 12 months, while the S&P 500 has gained 15%.

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Feb 15, 2018

Alaska Air's stock falls after January performance data, UBS downgrade
Shares of Alaska Air Group Inc. slumped 2.2% in midday trade Thursday, after the air carrier reported January operational results, and after a downgrade at UBS. The Seattle-based carrier earlier that January load factor declined to 75.8% from 78.1% a year ago, as the 6.6% growth in capacity outpaced the 3.5% increase in traffic. For its mainline operations, which are operated by Alaska Airlines Inc. and Virgin America Inc., load factor fell 2.1 percentage points to 76.4%. For its regional operations, operated by Horizon Air Industries Inc., load factor declined 4.1 percentage points to 70.1%. Separately, UBS analyst Darryl Genovesi cut his rating to neutral from buy, and his stock price target to $70 from $77, citing concerns over competition for Seattle as a hub. The stock has gained 1.4% over the past three months, while the NYSE Arca Airline Index has gained 3.9%, the Dow Jones Transportation Average has run up 10.5% and the Dow Jones Industrial Average has climbed 7.3%.

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Feb 15, 2018

Moleculin Biotech's stock rockets after 'major breakthrough' in cancer treatment
Shares of Moleculin Biotech Inc. rocketed 54% in active morning trade Thursday, enough to make them the biggest percentage gainer on major U.S. exchanges, after the company announced a "breakthrough discovery" of a new molecule for cancer treatment. Volume was 20.9 million shares, compared with the full-day average of about 215,000 shares. Based on preclinical testing, the company said in a statement that, pursuant to its continued collaboration with the University of Texas's MD Anderson Cancer Center, it has developed and licensed what it believes "is a major breakthrough in its effort to develop a new cancer treatment that selectively kills highly resistant tumors." The stock has now more than doubled over the past 12 months, while the S&P 500 has gained 15%.

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Feb 15, 2018

Energy sector ETFs fall, pressured by equipment companies
The S&P energy sector fell on Thursday, bucking the advance of the broader market as crude-oil prices fell. The Energy Select Sector SPDR ETF , the most widely used exchange-traded fund to track the sector, fell 0.8%, extending its recent decline. The ETF is down 9.3% thus far this month, the biggest loser among SPDR sector funds. Over the past 12 month, the sector is down 7.4%, which also stands as the worst 12-month performance among the primary S&P 500 sectors. Crude oil prices were down 0.7%, while Brent crude lost 1.7%. Among specific sub-sectors of the energy industry, oil and gas equipment companies led the decline. The SPDR S&P Oil & Gas Equipment & Services ETF fell 1.9%, with nearly all the fund's components in lower territory. Among the most notable decliners, Helmerich & Payne Inc. fell 2.3% while Nabors Industries Ltd. was down 4.1% and Halliburton Co. was down 2.1%. Separately, the SPDR S&P Oil & Gas Exploration & Production ETF fell 1.4%. Marathon Oil Corp. fell 6.7% while Newfield Exploration Co. slid 5.1%.

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Feb 15, 2018

Mnuchin says Congress should look at gun violence in wake of Florida shooting
Treasury Secretary Steven Mnuchin on Thursday called the shooting in the Florida high school a "tragedy" and urged Congress to "look at these issues." In testimony to the House Ways and Means Committee, Mnuchin said he had no proposals to make, saying gun violence was "out of my lane." He told Rep. John Lewis, a Democrat from Georgia, that he would speak to President Donald Trump and other cabinet members about concerns expressed by committee Democrats about gun violence.

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Feb 15, 2018

Bristol-Myers's stock surges toward 18-month high after Morgan Stanley turns bullish
Bristol-Myers Squibb Co.'s stock shot up 4.1% toward an 18-month high in morning trade Thursday, after Morgan Stanley turned bullish on the drugmaker, for the first time in 18 months, citing "compelling" immuno-oncology growth prospects. Analyst David Risinger raised his rating to overweight, after being at equal weight since Aug. 5, 2016, and boosted his stock price target to $78 from $63. Risinger said after he "dug deeper" into the company's release of the phase 3 Checkmate-227 study of Opdivo plus Yervoy combination versus chemotherapy, his investment thesis has changed: "We have greater confidence that Bristol's Opdivo Yervoy combination regimen can play a meaningful role in first-line lung cancer, which is the largest cancer market." The stock was on track to close at the highest level since Aug. 4, 2016. It has now run up 11.5% over the past three months, while the SPDR Health Care Select Sector ETF has gained 4.3% and the S&P 500 has climbed 5.6%.

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Feb 15, 2018

Emerging-market ETFs on track for biggest weekly gain since 2016
Exchange-traded funds that track emerging-market equities rallied on Thursday, extending their recent gains and putting them on track for their best weekly performance in more than a year. The iShares MSCI Emerging Markets ETF rose 1.6% on Thursday, putting it on track for its fifth straight daily gain and bringing its weekly advance to 6.5%. That represents its biggest one-week percentage rise since March 2016. Separately, the Vanguard FTSE Emerging Markets ETF rose 1.5% on Thursday, also set to extend its daily streak of gains to five. The fund is up 5.9% thus far this week, which is set to be its biggest one-week percentage gain since a week ending July 2016. If the ETF ends higher on the week, that will mark its ninth weekly advance of the past 11 weeks. The funds were supported by large-capitalization technology companies, many of which represent some of the largest components of the emerging-market ETFs. Baidu Inc. rallied 3.9%, bringing its week-to-date advance to 13.7%, while Sina Corp. was up 2.5%. It is up 15.5% on the week. Also on Thursday, the Dow Jones Industrial Average rose 0.6% while the S&P 500 was up 0.5% and the Nasdaq Composite Index was up 0.8%.

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Feb 15, 2018

U.S. Bancorp hit with $800 million in fines for poor compliance with anti-money-laundering laws
Federal regulators on Thursday hit U.S. Bancorp, the nation's biggest regional bank, with more than $800 million in fines for deficient anti-money laundering practices. The Justice Department announced a deferred prosecution with U.S. Bancorp related to the Bank Secrecy Act. Separately, the Federal Reserve ordered the Minneapolis-based bank to improve compliance with anti-money laundering laws.

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Feb 15, 2018

U.S. Bancorp hit with fines for poor compliance with anti-money-laundering laws
Federal regulators on Thursday hit U.S. Bancorp, the nation's biggest regional bank, with more than $800 million in fines for deficient anti-money laundering practices. The Justice Department announced a deferred prosecution with U.S. Bancorp related to the Bank Secrecy Act. Separately, the Federal Reserve ordered the Minneapolis-based bank to improve compliance with anti-money laundering laws. According to the Financial Crimes Enforcement Network, U.S. Bank, instead of addressing apparent risks, capped the number of alerts its automated transaction monitoring system would generate to identify only a predetermined number of transactions for further investigation, without regard for the legitimate alerts that would be lost due to the cap. The actual amount of the fines totaled $613 million, reflecting credits from certain regulators for remediation work that has been completed, said Dana Ripley, chief communications officer at U.S. Bancorp.

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Feb 15, 2018

Cboe Volatility index on track for biggest weekly decline since July 2016
The Cboe Volatility index slumped on Thursday, dropping for a fifth session amid an ongoing recovery in the U.S. equity market. The VIX is down 37% thus far this week, putting it on track for its biggest one-week percentage decline since July 2016. Despite the decline, the so-called "fear index" remains up more than 60% thus far in 2018, having more than doubled over the previous two weeks as investors grew concerned over the prospect of inflation returning to the economy, and the Federal Reserve having to become more aggressive in raising interest rates to combat the trend. As those concerns have ebbed, however, stocks have risen and the VIX has retreated, returning below its long-term average of 20 on Wednesday. The Dow Jones Industrial Average rose 0.6% on Thursday, while the S&P 500 was up 0.4% and the Nasdaq Composite Index was up 0.7%. Both the Dow and the S&P are up about 3.4% on the week while the Nasdaq has jumped 4.6% in its biggest one-week gain since 2014.

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Feb 15, 2018

Teva's stock soars after Warren Buffett's Berkshire discloses new stake
Shares of Teva Pharmaceuticals Industries Ltd. soared 8.5% active morning trade Thursday, after Warren Buffett's Berkshire Hathaway Inc. disclosed that it bought a stake in the generic drugmaker. Volume of 19.1 million shares made the stock the second-most active on major U.S. exchanges, according to FactSet. Berkshire disclosed late Wednesday in a 13F filing with the Securities and Exchange Commission that it owned 18,875,721 million Teva shares as of Dec. 31, which is about 1.9% of the shares outstanding, after owning no shares as of Sept. 31. Teva's stock started the fourth quarter by falling 36% to a 17 1/2-year low of $11.23 on Nov. 2 amid trouble with its generics business, but then bounced to end the quarter at $18.95, or 7.7% above the third-quarter's closing price of $17.60. Since then, the stock has now run up 10.7% year to date, while the SPDR S&P Pharmaceuticals ETF has lost 1.2% and the S&P 500 has gained 1.5%.

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Feb 15, 2018

Sears guidance beats estimates
Sears Holdings Corp. gave fourth-quarter guidance that beat estimates. The guidance reflects the 14 weeks to Feb. 3, 2018. Net income is expected to be between $140.0 million and $240.0 million, which doesn't include a tax benefit of about $445.0 million to $495.0 million and a non-cash impairment charge of between $50 million and $100 million. Last year, fourth-quarter net income was $607.0 million. Sears expects revenue of $4.4 billion down from $6.1 billion last year. Same-store sales for the quarter fell 15.6% overall, with a 12.2% decline at Kmart and 18.1% drop at Sears. The FactSet consensus is for sales of $3.8 billion, based on two analysts. And the FactSet consensus for same-store sales is for a 16.4% decline, based on one analyst estimate. Sears shares are up nearly 1% in early Thursday trading, but are down nearly 70% for the past year. The S&P 500 index is up 15.5% for the past 12 months.

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Feb 15, 2018

Dow retakes 25,000 for the first time in 2 weeks, as stock market set for fifth gain in a row
U.S. stock indexes opened firmly higher on Thursday, with the Dow on track to book its fifth straight advance, as investors digested a wave of economic reports. The Dow Jones Industrial Average rose 220 points, or 0.9%, at 25,109, set to notch its longest win streak in about 9 weeks and its highest level in about two, coming after a brutal period of selling last week. The S&P 500 index rose 16 points, or 0.6%, at 2,714, while the Nasdaq Composite Index was up 60 points, or 0.8%, at 7,203. In the latest economic data, initial jobless claims rose by 7,000 to 230,000 in the latest week, as had been expected, but claims remain near multi-decade lows. Separately, wholesale prices rose 0.4% in January, led by a rise in oil prices, though core producer prices were also up by 0.4%. The figure was the latest view on inflation, following Wednesday's consumer price index.

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Feb 15, 2018

Nasdaq Composite Index poised for best week since 2014
The Nasdaq Composite Index rose for a fifth straight session on Thursday, putting the tech-heavy index on track for its biggest one-week percentage gain in more than three years. The Nasdaq is up 4.3% thus far this week, which represents its best week since October 2014. The index has been supported by a broad recovery in the U.S. equity market, which has rebounded from recent concerns over inflation. Company news, such as strong results at Cisco Systems Inc. , a large weight in the index, have also supported gains. The index rose 0.4% on Thursday, while the Dow Jones Industrial Average was up 0.6% and the S&P 500 added 0.4%. The Dow is up 3.5% thus far this week while the S&P is up 3.4%. Both are poised for their biggest weekly percentage gain since November 2016.

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Feb 15, 2018

Criteo stock rallies following KeyBanc upgrade
Shares of Criteo SA gained 2% in premarket trading Thursday after analysts at KeyBanc Capital Markets upgraded the stock to overweight from sector weight. The stock jumped 29% a day earlier after the company reported better-than-expected financial results. The analysts at KeyBanc, led by Andy Hargreaves, were impressed by the company's execution in its latest quarter and see more growth opportunities ahead. "Criteo is building a platform that appears well positioned to serve as a primary independent data broker for retailers in the internet era," Hargreaves wrote. "This should support strong growth in existing products and allow for new products that expand the addressable market over time." Criteo shares are down 35% over the past 12 months, compared with a 15% gain for the S&P 500 Index .

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Feb 15, 2018

Salesforce stock jumps after upgrade at Jefferies
Shares of Salesforce.com Inc. are up 2.4% in premarket trading Thursday after analysts at Jefferies upgraded the stock to buy from hold. "Our field checks indicate enterprise new business growth was strong in the Americas and even stronger internationally," wrote the analysts, led by John DiFucci. He's upbeat about Salesforce's pipeline and the strength of its commercial business. DiFucci believes that competition from Microsoft Corp. seems to be easing up. His model has the company growing billings by 23% for the fourth quarter, ahead of consensus figures. DiFucci raised his price tagret to $132 from $97. Salesforce shares are up 33% over the past 12 months, while the S&P 500 Index has gained 15%.

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MarketWatch MarketPulse
Feb 15, 2018

All 30 Dow stocks rise premarket, led by Cisco's surge
Shares of all 30 Dow Jones Industrial Average components rose in premarket trade Thursday, led by a 7.9% surge in Cisco Systems Inc.'s stock . The gains come as Dow futures jumped 185 points, adding to the Dow's 1,033-point gain over the past four sessions. Among shares of other more-active movers ahead of Thursday's open, Apple Inc. climbed 1.2%, General Electric Co. gained 0.4% and Intel Corp. tacked on 0.3%. Cisco's stock surge comes after the networking company reported late Wednesday fiscal second-quarter results that beat expectations, provided an upbeat outlook for the current quarter and raised its dividend.

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Feb 15, 2018

Noble Energy to divest Gulf of Mexico assets for $710 million, announces share buyback program
Noble Energy Inc. said Thursday it has reached a deal with Fieldwood Energy LLC to divest its deepwater Gulf of Mexico assets for a total value of $710 million. The oil and gas exploration and production company said it will use the proceeds to partly finance a $750 million share buyback program that will be executed between now and 2020. Shares rose 2.3% premarket, but are down 29% in the last 12 months, while the S&P 500 has gained about 15%.

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Feb 15, 2018

Oracle to acquire cybersecurity firm Zenedge
Oracle Corp. said Thursday that it would be acquiring Zenedge, a cybersecurity company that helps protect cloud-based critical IT systems. The company helps businesses secure applications and databases from dangerous web traffic via its web application firewall (WAF) and distributed denial of service (DDoS) mitigation products, Oracle said. "The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats," said Don Johnson, Oracle's senior vice president of product development, in a release. Zenedge's chief executive said in the release that the company's products contribute to a "99% reduction in illicit website traffic [and] a 99.75% improvement in page load times." Terms of the deal weren't disclosed. Oracle shares are up 19% over the last 12 months, while the S&P 500 is up 15% in that time.

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Feb 15, 2018

Dick's Sporting Goods boosts dividend by 32%
Dick's Sporting Goods Inc. said Thursday it will raise its quarterly dividend by 32% to 22.5 cents a share, from 17 cents a share. The new dividend will be payable on March 30 to shareholders of record on march 9. Based on Wednesday's stock closing price of $33.65, the new annual dividend rate of 90 cents a share, implies a dividend yield of 2.67%, compared with the payout yield for the SPDR S&P Retail ETF of 1.50% and the implied yield for the S&P 500 of 1.89%, according to FactSet. "The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our company's future," said Dick's Chief Executive Edward Stack. The stock, which was little changed in premarket trade, has run up 25.3% over the past three months, while the retail ETF has climbed 14.8% and the S&P 500 has gained 5.2%.

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Feb 15, 2018

LyondellBasell to acquire A. Schulman in deal valued at $2.25 billion
LyondellBasell Industries NV said Thursday it has reached an agreement to acquire plastics maker A. Schulman Inc. in a deal valued at $2.25 billion. The deal "builds upon LyondellBasell's existing platform in this space to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio," the plastics, chemicals and reining company said in a statement. Under the terms of the agreement, A. Schulman shareholders will receive $42 per share in cash and one contingent value right per share. The combined entity will have revenue of $4.6 billion and is expected to generate run-rate cost synergies of $150 million within two years of closing and to boost earnings within the first year. The deal is expected to close in the second half. A. Schulman shares jumped 9% premarket on the news, and are up 15% in the last 12 months, matching the S&P 500's gain.

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Feb 15, 2018

Wyndham sells European vacation rental business for $1.3 billion
Wyndham Worldwide Corp. said Thursday it agreed to sell its European vacation rental business for about $1.3 billion to private-equity firm Platinum Equity. Under terms of the deal, the business has entered into a 20-year agreement to pay royalties of 1% of net revenue to Wyndham's hotel business, so it can use the Wyndham Vacation Rentals endorser brand. The Wall Street Journal had reported last week that a deal with Platinum for about $1 billion was in the works. Wyndham said the deal is expected to close in the second quarter of 2018. The company had announced in August 2017 that it was exploring strategic alternatives for the business. The company said it plans to use the proceeds from the sale for general corporate purposes, which could include paying down debt and helping fund its recently announced acquisition of La Quinta Holdings' hotel franchising and management businesses. Wyndham's stock, which was still inactive in premarket trade, has rallied 14.3% over the past three months, while the S&P 500 has gained 5.2%.

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Feb 15, 2018

Shopify's stock falls after fourth-quarter results beat expectations, but outlook was mixed
Shares of Shopify Inc. slumped 1.5% in premarket trade Thursday, after the cloud-based commerce platform beat fourth-quarter profit and sales expectations but providing a mixed first-quarter outlook. The net loss for the quarter to Dec. 31 narrowed to $3.0 million, or 3 cents a share, from a loss of $8.9 million, or 10 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 15 cents, above the FactSet consensus of 5 cents. Revenue rose to $222.8 million from $130.4 million, beating the FactSet consensus of $209.7 million. Monthly recurring revenue as of Dec. 31 was $29.9 million, up 62% from a year ago, while fourth-quarter gross merchandise volume increased 65% to $9.1 billion. For the first quarter, the company expects revenue of $198 million to $202 million, above the FactSet consensus of $195.6 million, and projects an adjusted operating loss of $6 million to $8 million. Based on 99.55 million shares used to calculate fourth-quarter per-share losses, the FactSet consensus of a 1-cent-per-share loss for the first quarter implies a loss of about $1.0 million. The stock has soared 40.3% over the past three months through Wednesday, while the S&P 500 has gained 5.2%

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Feb 15, 2018

Antares Pharma, Amag Pharma shares soar premarket after FDA approves auto injector
Shares of Antares Pharma Inc. and Amag Pharmaceuticals soared in premarket trade Thursday, after Amag said the U.S. Food and Drug Administration has approved their Makena subcutaneous auto injector drug-device combination product, a ready-to-administer treatment to reduce the risk of preterm birth in women who are pregnant with one baby and who spontaneously delivered one preterm baby in the past. Under the terms of a deal agreed between the two companies in 2014, Amag will make and supply the drug product to Antares, which will manufacture the device, assemble and package it for sale to Amag at cost plus margin. Antares will receive high single digit to low double digit royalties on sales and be eligible for milestone payments. Antares shares soared 26%, while Amag shares were up 19%. S&P 500 futures were up 0.5%.

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Feb 15, 2018

Avon Products beats profit expectations, but sales fall a bit shy
Avon Products Inc. reported Thursday fourth-quarter net income of $91.5 million, or 17 cents a share, after a loss of $10.7 million, or 4 cents a share, in the same period a year ago. Excluding non-recurring items, such as a $50 million tax benefit, adjusted earnings per share came to 12 cents, beating the FactSet consensus of 7 cents. Revenue was unchanged at $1.57 billion, just below the FactSet consensus of $1.60 billion. EMEA reveue rose 3%, while North Latin America was flat, South Latin America fell 2% and Asia Pacific declined 3%. Active representatives declined 2%, while the average order and ending representatives were unchanged. Gross margin improved 0.70 percentage points to 61.0%. The beauty products company realized cost savings of over $250 million in 2017 as part of its transformation plan, exceeded its target of $230 million. "Our top line remains under pressure as we continue to operate in challenging macro and competitive conditions, particularly in our largest markets," said Chief Financial Officer Jamie Wilson. The stock, which was still inactive in premarket trade, has rallied 20.7% over the past three months but has tumbled 61.3% the past 12 months, while the S&P 500 gained 5.2% the past three months and 14.9% the past year.

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Feb 15, 2018

Wall Street sets up for another day of gains as stock futures climb
U.S. stocks futures pushed higher early Thursday, a day after Wall Street equities booked a fourth-straight gain. Dow futures climbed 126 points, or 0.5%, to 24,987, while S&P 500 futures rose 11.35 points, or 0.4%, to 2,708.25. Nasdaq-100 futures rose 37.25 points, or 0.6%, to 6,725. On Wednesday, investors shook off data that showed a jump in consumer prices to drive a 253-point gain for the Dow Jones Industrial Average . The S&P 500 rose 1.3%, while the Nasdaq Composite Index jumped 1.9%. Asia followed up on that upbeat day with a near 1.5% rise for the Nikkei 225 index and almost a 2% jump for the Hong Kong Hang Seng Index . European stock futures also pointed to a firmer session. The dollar was weaker Thursday, with the ICE Dollar Index dropping 0.3%.

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Feb 14, 2018

More than 100 top White House officials lack permanent security clearance: reports
More than 100 top White House officials lacked permanent security clearances a year into Donald Trump's presidency, according to separate reports Wednesday by NBC News and CNN, including the president's daughter, son-in-law and the White House counsel. Having only an interim clearance can hinder the job performance of staffers, CNN said, since they may not be able to access all pertinent information. NBC News reported more than 130 staffers lacked permanent clearance as of November, 47 of those reporting directly to Trump. Of the 24 officials on the National Security Council, 10 -- about 42% -- lacked permanent clearance, NBC News reported. A number of lawmakers and former government officials said it was highly unusual for so many staffers to lack permanent clearance so long into an administration. Among the most prominent names still working with an interim clearance: Ivanka Trump and her husband, Jared Kushner; White House counsel Don McGahn; and press secretary Sarah Huckabee Sanders. Lacking permanent clearance does not necessarily signal they are security risks. CNN reported that staffers with sizable wealth and ties to foreign nationals and governments posed particular problems, since their finances must be vetted, which can be a long process.

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Feb 14, 2018

Florida police: Shooter in custody, with reports of 17 fatalities at Broward high school
A shooter killed at least 17 people and injured dozens more at a Florida high school Wednesday afternoon, in one of the worst mass shootings in Broward County, Florida law enforcement said. The alleged shooter, identified as Nicolas Cruz, was in custody after the killing spree at Marjory Stoneman Douglas High School in Parkland. Deputy Press Secretary Lindsay Walters said President Trump is aware of the shooting: "Our thoughts and prayers are with those affected," she said. Trump later tweeted that "no child, teacher or anyone else should ever feel unsafe in an American school. On television footage, some people were seen exiting the school, despite the lock down. The stock market was little changed amid the downbeat reports, with the Dow Jones Industrial Average and the S&P 500 index booking a fourth straight gain. Developing story. Check back for updates.

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Feb 14, 2018

Appaloosa ups investments in Micron, Facebook, Apple, adds new bets in Caesars, MGM in 4th quarter
Billionaire hedge-fund investor David Tepper's Appaloosa Management was a buyer of technology, energy and bank shares in the fourth quarter, according to a Wednesday regulatory filing. Between the end of the third and fourth quarter, Appaloosa boosted its stake in Bank of America Corp. , upping his position by 170% to 10.8 million shares. He also increased his stake in Apple Inc. , raising that investment to 3.2 million shares and raising his stake in Micron Technology Inc. to 10.45 million shares, representing his largest holding according to WhaleWisdom.com. The hedge-fund luminary also lifted his position in Facebook Inc. by about 70% to 2.2 million shares, while adding to his holdings in the tech-heavy PowerShares QQQ Trust Series 1 to 4.3 million shares. Meanwhile, Tepper took a long position in the exchange-traded Financial Select Sector SPDR ETF , purchasing $280 million worth, though the fund also sold call options in the ETF worth $35 million. Call options give the holder the right but not the obligation to buy an asset a set price and time. Appaloosa also made bullish bets in the energy-centered Energy Select Sector SPDR ETF for $35 million. The investor was a buyer in gambling assets, with new stakes in Caesars Entertainment Corp. , about 5.86 million shares, and MGM Resorts International , where he picked up 2.3 million shares, from the end of the third quarter. Tepper notably divested his entire stake in Kinder Morgan Inc. , Chesapeake Energy Corp. , Whirlpool Corp. and General Motors , recent filings showed. Large investors are required to reveal their long equity holdings at the end of each quarter in filings with the Securities and Exchange Commission.

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Feb 14, 2018

Einhorn adds to Brighthouse stake, trims GM in fourth quarter
Billionaire hedge fund investor David Einhorn's Greenlight Capital, as previously disclosed, boosted its stake in Brighthouse Financial Inc. and took a small stake in Twitter Inc. in the final quarter of 2018, while trimming holdings of General Motors Co. , according to a regulatory filing on Wednesday. In a 13-F form filed with the Securities and Exchange Commission, the fund said it boosted its holdings in Brighthouse by more than 4.2 million shares to a total of 11 million shares. It also bought nearly 2.8 million Twitter shares. Greenlight reduced its stake in GM by nearly 8.7 million shares from the end of the third quarter, leaving it with a stake of around 25.8 million shares. GM still made up the largest chunk of the fund's reported portfolio at 19.3%, while Brighthouse was No. 2 at 11.7%, according to filings tracking firm Whalewisdom.com.

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Feb 14, 2018

Amazon and Bank of America have partnered for lending: report
Amazon.com Inc. has partnered with Bank of America Corp. to provide sellers on its platform access to credit so they can buy more inventory, according to a CNBC report. Bank of America stock is up 1% to $32.34 and Amazon stock is flat after hours. Citing anonymous sources, the report said allows Amazon to reduce its risk and the program offers loans of $1,000 to $750,000 for firms that may have trouble borrowing money through more traditional sources. The lending program is invite only, has no website, and is geared toward helping sellers move more inventory, not turning a large profit on interest payments from the loans, the CNBC report said.

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Feb 14, 2018

Warren Buffett's Berkshire Hathaway adds Apple and Teva shares, cuts IBM stake
Warren Buffett's Berkshire Hathaway Inc. raised its stake in Apple Inc. by 31.24 million shares to 165.33 million shares as of Dec. 31 versus 134.09 million at the end of September, according to a 13F filing with the Securities and Exchange Commission. It also took a new stake of 18.88 million shares in Teva Pharmaceutical Industries in the fourth quarter. Apple rallied 9.8% during the quarter while Teva rose 7.7% compared with S&P 500's 6.1% gain. However, Berkshire Hathaway slashed its stake in International Business Machine Corp. to 2.05 million shares versus 37.03 million shares. Berkshire's other holdings in major companies such as Bank of America Corp. , Wells Fargo & Co. , and Coca-Cola Co. were mostly unchanged.

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Feb 14, 2018

Florida police: Shooter in custody, with reports of 2 fatalities at Broward high school
Florida police in Broward County said an unidentified shooter was in custody Wednesday afternoon at Marjory Stoneman Douglas High School in Parkland. Authorities said the scene was still being treated as active-shooter situation, with students and teachers barricaded, according to reports. According to CNN, at least 2 fatalities and several injured. Deputy Press Secretary Lindsay Walters said President Trump is aware of the shooting: "Our thoughts and prayers are with those affected," she said. Trump later tweeted that "no child, teacher or anyone else should ever feel unsafe in an American school. On television footage, some people were seen exiting the school, despite the lock down. The stock market was little changed amid the downbeat reports, with the Dow Jones Industrial Average and the S&P 500 index booking a fourth straight gain. Developing story. Check back for updates.

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Feb 14, 2018

Chemours shares rise after earnings beat
Chemours Co. shares surged in the extended session Wednesday after the company beat earnings expectations. The industrial material company's shares rose 5% to $51.46 after hours. The company reported fourth-quarter net income of $228 million, or $1.19 a share, compared with losses of $230 million, or losses of $1.26 a share, in the year-ago period. Adjusted earnings were also $1.19 a share. Revenue rose to $1.58 billion from $1.32 billion in the year-ago period. Analysts surveyed by FactSet had estimated 97 cents a share on revenue of $1.55 billion. For the first quarter, analysts model earnings of $1.12 a share on sales of $1.62 billion. Chemours stock has gained 53% in the past year, with the S&P 500 index rising 14%.

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Feb 14, 2018

Qualcomm board to discuss next steps after Broadcom meeting
Qualcomm Inc. released a short statement Wednesday after meeting with potential acquirer Broadcom Ltd. , and said that the board would discuss the next move ahead of the company's March 6 shareholders meeting. "We met with representatives of Broadcom for two hours earlier today, and listened carefully to what they had to say," the statement read. "The Qualcomm Board will promptly meet to discuss the meeting and to determine next steps." Qualcomm revealed that its chief executive, chairman and president were among the participants in the meeting, which occurred after the Qualcomm board unanimously rejected Broadcom's second bid for its business. Broadcom is seeking to have a slate of directors elected to Qualcomm's board at the chip maker's annual shareholders meeting next month.

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Feb 14, 2018

Marriott shares rise on company's earnings, sales beat
Shares of Marriott International Inc. rose more than 1% late Wednesday after the hotel chain posted better-than-expected fourth-quarter results. Marriott said it earned $201 million, or 54 cents a share, in the quarter, compared with $244 million, or 62 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $415 million, or $1.12 a share, compared with $334 million a year ago. Revenue rose to $5.9 billion, from $5.5 billion a year ago. Analysts polled by FactSet had expected Marriott to post adjusted earnings of $1.01 a share on sales of $5.7 billion.

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Feb 14, 2018

Watchdog group calls for investigation of Ben Carson after family participation in agency event
Claiming that Housing and Urban Development Secretary Ben Carson had "knowingly" allowed his family to use his public office for private gain, a Washington watchdog group on Wednesday filed a request for a "full and formal investigation" by the HUD inspector general. Carson's wife, son, and daughter-in-law organized an agency "listening tour" of Baltimore business executives who were prospective business clients for Carson's son and daughter-in-law, said the watchdog group, Citizens for Responsibility and Ethics in Washington. The event took place even though a HUD ethics official warned Carson against allowing it. Shortly after that, the daughter-in-law's consulting firm was awarded a nearly half million dollar no-bid contract from one of those executives, CREW said in a release.

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Feb 14, 2018

SunPower mulls over cost savings, halts U.S. expansion plans
SunPower Corp. late Wednesday said it has put on hold a $20 million plan to expand its workforce in the U.S. and is considering "other significant cost saving initiatives" to lower its expenses and improve its financial performance. Shares fell as much as 11%, and were halted earlier. The solar-power company reported a wider quarterly loss and a revenue miss for the fourth quarter. SunPower said it lost $569 million, or $4.07 a share, in the quarter, compared with a loss of $275 million, or $1.99 a share, in the fourth quarter of 2016. Adjusted for one-time items, the company earned $36 million, or 25 cents a share, in the period, compared with $3.3 million, or 2 cents a share, a year ago. Revenue fell to $658 million, from $1.02 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 11 cents a share on sales of $797 million. The company said it expects revenue of $1.6 billion to $2 billion for the year. SunPower said it had applied for tariff exemptions for certain products following the government's decision to apply new tariffs on solar cells and modules. "Unfortunately, we are already seeing a negative near-term impact from the ruling as the increased costs due to import tariffs have delayed certain 2018 projects and made other projects uneconomical," the company said.

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Feb 14, 2018

NetApp shares slump more than 8% following third-quarter results
Shares of NetApp Inc. slumped in Wednesday's extended session after the data management company posted a quarterly loss. Netapp reported it swung to a loss of $506 million, or $1.89 a share, from a profit of $146 million, or 52 cents a share, a year earlier. The company cited a one-time charge of $856 million associated with U.S. tax cuts for the loss. On an adjusted basis, the company would have earned 99 cents a share. Revenue rose to $1.52 billion versus $1.40 billion a year ago. Analysts surveyed by FactSet Research had forecast adjusted earnings of 91 cents and revenue of $1.50 billion. NetApp shares slumped 8.8% after hours.

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Feb 14, 2018

TripAdvisor soars 20% higher after earnings show bullish forecast
TripAdvisor Inc. shares zoomed 20% higher Wednesday afternoon on a stronger-than-expected forecast for the current year. In a fourth-quarter earnings report, TripAdvisor revealed a loss of $84 million, or 60 cents a share, on sales of $321 million, up from $316 million a year ago. The loss was mostly attributable to a $73 million charge related to new tax laws; after stripping that and other one-time costs out, TripAdvisor reported earnings of 6 cents a share, down from 16 cents a share a year ago. Analysts on average expected adjusted earnings of 14 cents a share on sales of $309 million. Excitement seemed to stem from TripAdvisor's forecast for the current year, which called for adjusted Ebitda to be flat, while analysts assumed it would continue to fall. "We believe our addressable market opportunity, our unique competitive position and our growth strategy position us to return to double-digit revenue growth and adjusted EBITDA margins in excess of what we have operated to over the past couple of years," executives said in prepared remarks. TripAdvisor shares rose to more than $48 in after-hours action, after closing with a 2.1% gain at $40.72. The stock had been damaged amid an advertising war with rivals Expedia Inc. and Priceline Group Inc. , falling 22% in the past year as the S&P 500 index gained 13.9%.

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Feb 14, 2018

Cisco shares rally 5% on earnings beat, outlook, shareholder returns
Cisco Systems Inc. shares rallied in the extended session Wednesday after the networking tech giant's earnings and outlook topped Wall Street estimates and the company announced a hike in its dividend and share buyback program. Cisco shares surged 5.3% to $44.30 after hours. The company reported fiscal second-quarter loss of $8.78 billion, or $1.78 a share, compared with net income of $2.35 billion, or 47 cents a share, in the year-ago period. Adjusted earnings, excluding $11.1 billion in charges from the U.S. tax overhaul, were 63 cents a share. Revenue rose to $11.89 billion from $11.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 59 cents a share on revenue of $11.81 billion. For the fiscal third quarter, Cisco estimates earnings of 64 cents to 66 cents a share on revenue of $12.3 billion to $12.54 billion. Analysts expect earnings of 63 cents a share on revenue of $12.13 billion. Separately, Cisco announced a 14% hike to its quarterly dividend to 33 cents a share, and an authorization to buy back an additional $25 billion in shares, raising the total authorization to $31 billion.

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Feb 14, 2018

South Africa ETF, currency hold gains as President Zuma resigns
South African assets held their whopping daily gains as President Jacob Zuma resigned from office in a televised speech late Wednesday. His resignation had been expected after the leadership of the African National Congress party had given him 24 hours before facing a vote of no confidence. However, Zuma had refused to step down for much of Wednesday. His resignation ends a presidency that began in May 2009 and was plagued by corruption allegations and South Africa's deteriorating public finances. The iShares MSCI South Africa ETF closed 4.2% higher on Wednesday, while the South African rand rallied 2.1% against the U.S. dollar. One buck last bought 11.7107 rand, slightly above its session low of 11.6622.

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Feb 14, 2018

Applied Materials shares rise after dividend increase, earnings beat
Applied Materials Inc. shares ticked up in the extended session Wednesday after the company doubled its dividend and beat earnings expectations. Applied Materials shares rose under 1% to $52.30 after hours. The company reported fiscal first-quarter net income of $135 million, or 13 cents a share, compared with $703 million, or 65 cents a share, in the year-ago period. Adjusted earnings were $1.06 a share. The company also doubled its quarterly dividend to 20 cents a share and logged a $1 billion tax charge related to changes in the U.S. tax code. Revenue rose to $4.2 billion from $3.28 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.03 cents a share on revenue of $4.11 billion. For the fiscal second quarter, analysts model adjusted earnings of $1.05 a share on sales of $4.22 billion. Applied Materials stock has gained 48% in the past year as the S&P 500 index rose 14%.

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Feb 14, 2018

U.S. stocks gain for fourth session led by powerful Nasdaq rally
U.S. stocks extended gains to finish higher for a fourth session Wednesday, led by a powerful Nasdaq rally, as investors shrugged off stronger-than-expected inflation data and instead opted to focus on solid earnings and the healthy economy. The consumer-price index jumped 0.5% in January, the biggest increase in five months. The Dow rose 255 points, or 1%, to 24,896. The S&P 500 gained 35 points, or 1.4 %, to 2,698 while the Nasdaq Composite Index rallied 130 points, or 1.9%, to 7,143. The Russell 2000 , an index for small caps, climbed 28, or 1.9%, to 1,523, its best daily percentage gain since late September.

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Feb 14, 2018

Florida police respond to school shooting, at least 20 casualties, as shooter remains at large
Florida police in Broward County were responding to a shooting Wednesday afternoon at Marjory Stoneman Douglas High School in Parkland. The school was on lock down, with students and teachers barricaded, according to reports. According to CNN, there are at least 20 people injured, citing Broward County Fire Rescue. The shooter remains at large, according to a tweet from the Broward Sheriff department. Deputy Press Secretary Lindsay Walters said President Trump is aware of the shooting: "Our thoughts and prayers are with those affected," she said. Trump later tweeted that "no child, teacher or anyone else should ever feel unsafe in an American school. On media television footage some people were seen exiting the school, despite the lock down. The stock market appeared little changed amid the downbeat reports, with the Dow Jones Industrial Average and the S&P 500 index set to book a fourth straight gain. Developing story.

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Feb 14, 2018

Dow's rally comes with panic-like buying, as NYSE's Arms falls to lowest level in 15 months
With the Dow Jones Industrial Average up 238 points in afternoon trade Wednesday, and over 1,000 points amid a 4-session win streak, market internal data is suggesting panic-like buying that hasn't been seen in 15 months. The NYSE Arms Index, a volume weighted breadth measure, fell to 0.447 in afternoon trade. The Arms Index tends to decline below 1.000 when the broader market rises, as the intensity of buyers of advancing stocks increases relative to the intensity of sellers of declining stocks. The number of advancing stocks on the NYSE outnumbered decliners 2,046 to 889, or by a 2.3-to-1 margin, while advancing volume exceeded declining volume 476.4 million shares to 92.4 million shares, or by a 5.2-to-1 margin. Many see Arms readings below 0.500 as implying panic-like activity. The last sub-.500 reading was Jan. 26, at 0.490, when the Dow peaked at 26,616.71. The current reading is the lowest seen since Nov. 9, 2016 when the Dow rallied 257 points; on Nov. 10, the Dow jumped another 218 points.

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MarketWatch MarketPulse
Feb 14, 2018

Russell 2000 on track for biggest one-day gain since September
The Russell 2000 index of small-capitalization stocks rallied on Wednesday, jumping more than 1% as concerns appeared to ebb over the impact of inflation in the economy. The index rose 1.8%, putting it on track for its biggest one-day percentage gain since Sept. 27. The gains came as investors shook off January consumer-price data showing the fastest monthly rise in five months. However, the year-over-year increase in core CPI was unchanged from December at 1.8%, a level that's slightly lower than the Fed's 2% target rate. The Russell was among the hardest hit by recent data showing an acceleration in wage growth, which raised concerns that inflation could be returning to the economy, and that the Federal Reserve might become more aggressive in raising interest rates in order to combat the impact of this. It tumbled more than 11% from an all-time intraday high hit on Jan. 24, and a recent intraday low reached on Friday. The Russell has recovered more than 5% off that recent low. At current levels, the Russell remains down 0.9% for 2018. On Wednesday, the Dow Jones Industrial Average rose 1.1% while the S&P 500 was up 1.4% and the Nasdaq Composite Index was up 1.9%.

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.



MarketWatch MarketPulse
Feb 14, 2018

Oil rebounds to end sharply higher after inventory data
Oil futures rebounded from early losses, ending sharply higher after a smaller-than-expected rise in U.S. crude inventories. West Texas Intermediate crude for March delivery on the New York Mercantile Exchange rose $1.41, or 2.4%, to settle at $60.60 a barrel after earlier trading as low as $58.20. Oil bounced back from earlier weakness after the Energy Information Administration said crude stockpiles rose 1.8 million barrels last week. Analysts surveyed by The Wall Street Journal had forecast, on average, a 2.6 million barrel rise.

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.



MarketWatch MarketPulse
Feb 14, 2018

Russell 2000 on track for biggest one-day gain in nearly a month
The Russell 2000 index of small-capitalization stocks rallied on Wednesday, jumping more than 1% as concerns appeared to ebb over the impact of inflation in the economy. The index rose 1.2%, putting it on track for its biggest one-day percentage gain since Jan. 19. The gains came as investors shook off January consumer-price data showing the fastest monthly rise in five months. However, the year-over-year increase in core CPI was unchanged from December at 1.8%, a level that's slightly lower than the Fed's 2% target rate. The Russell was among the hardest hit by recent data showing an acceleration in wage growth, which raised concerns that inflation could be returning to the economy, and that the Federal Reserve might become more aggressive in raising interest rates in order to combat the impact of this. It tumbled more than 11% from an all-time intraday high hit on Jan. 24, and a recent intraday low reached on Friday. The Russell has recovered more than 5% off that session low. At current levels, the Russell remains down 1.6% for 2018. On Wednesday, the Dow Jones Industrial Average rose 0.8% while the S&P 500 was up 1.2% and the Nasdaq Composite Index was up 1.5%.

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.



MarketWatch MarketPulse
Feb 14, 2018

Gold settles firmly in the green, books highest finish in nearly 3 weeks
Gold prices rallied Wednesday, settling at its highest in nearly 3 weeks, as inflation data came in stronger than expected. April gold rose $27.60, or 2.1%, to settle at $1,358 an ounce. The consumer-price index climbed 0.5% in January, the biggest increase in five months, sparking demand for gold as a hedge against rising prices.

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.



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