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Today โ€” January 17th 2019Yahoo! News Business News

Head of U.N. team in Yemen's Hodeidah safe after shooting incident: U.N.

Head of U.N. team in Yemen's Hodeidah safe after shooting incident: U.N.The head of a U.N. mission tasked with overseeing a peace deal in Yemen's Hodeidah port city is safe after a reported shooting incident, the United Nations said on Thursday. A Yemeni source in the Saudi-led coalition fighting in Yemen told Reuters that Cammaert's convoy had come under fire while visiting an area under coalition control and accused the Iranian-aligned Houthi movement of opening fire. "Patrick Cammaert and team are safe in Hodeidah following reported shooting incident.


  • January 17th 2019 at 16:19

Morgan Stanley Banker Fired After Maternity Leave Writes CEO

Morgan Stanley Banker Fired After Maternity Leave Writes CEOChau Pham, a former vice president on a foreign-exchange sales team, filed a complaint with the Equal Employment Opportunity Commission, urging it to investigate Morgan Stanley’s treatment of women, according to her attorney, Jeanne Christensen at Wigdor LLP.


  • January 17th 2019 at 16:12

Sudden Selloff Hits Hong Kong Stocks: $4.77 Billion Vaporized

Sudden Selloff Hits Hong Kong Stocks: $4.77 Billion VaporizedA number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much as $4.77 billion in a matter of minutes. Share prices of


  • January 17th 2019 at 16:11

Stocks mixed after Morgan Stanley earnings miss

Stocks mixed after Morgan Stanley earnings missStock futures pointed to a lower open Thursday.


  • January 17th 2019 at 16:10

Microsoft pledges $500M to tackle Seattle housing crisis

Microsoft pledges $500M to tackle Seattle housing crisisSEATTLE (AP) — Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region's widening affordability gap.


  • January 17th 2019 at 16:08

Italy government meets to approve flagship welfare reforms

Italy government meets to approve flagship welfare reformsThe reforms, providing income support for the poor and allowing people to retire earlier, are centre-piece of the government's expansionary 2019 budget. Critics say they are unsustainable for Italy's strained public finances. Prime Minister Giuseppe Conte met 5-Star leader Luigi Di Maio and League chief Matteo Salvini to hammer out the final details of a decree that includes both measures, to be passed by cabinet at a meeting beginning at 1700 GMT.


  • January 17th 2019 at 16:01

Why Bristol-Myers Squibb Stock Sank By 15.2% in 2018

Why Bristol-Myers Squibb Stock Sank By 15.2% in 2018Bristol's inability to compete against Merck in front-line lung cancer weighed heavily on its shares last year.


  • January 17th 2019 at 16:00

Why TransEnterix Gained 17.1% in 2018

Why TransEnterix Gained 17.1% in 2018TransEnterix was one of the few biotech stocks to escape the market's wrath last year. Here's why.


  • January 17th 2019 at 16:00

Deutsche Bank's Path to a Game-Changing Merger Got Bumpier

Deutsche Bank's Path to a Game-Changing Merger Got BumpierOn one side, influential figures in the government favor a tie-up with smaller domestic rival Commerzbank AG to create a national banking champion with the size and scope to accompany German exporters around the world. It’s an enticing project for Chancellor Angela Merkel’s government, which owns 15 percent of Commerzbank and is keen to fortify the country’s financial sector before another downturn hits. On the other side, key regulators -- including the European Central Bank and German banking watchdog BaFin -- worry about the risks of combining the country’s biggest banks, which are both struggling with weak share prices and low profitability, according to people familiar with the matter.


  • January 17th 2019 at 15:58

Canadian geologist kidnapped in Burkina Faso found dead

Canadian geologist kidnapped in Burkina Faso found deadA Canadian geologist kidnapped at a remote gold mine in northeast Burkina Faso by suspected jihadists has been found dead, the ministry of security told AFP on Thursday. A body found with gunshot wounds late Wednesday is that of Kirk Woodman, "the Canadian who was kidnapped the day before yesterday," ministerial spokesman Jean-Paul Badoum said. Earlier, a security official said the body of a "white man with gunshot wounds" had been found in Siega in Soum province.


  • January 17th 2019 at 15:55

South Africa Central Bank Holds Rate as Fewer Increases Forecast

South Africa Central Bank Holds Rate as Fewer Increases ForecastThe central bank’s six-member Monetary Policy Committee decided unanimously to hold the benchmark repurchase rate at 6.75 percent, Governor Lesetja Kganyago told reporters Thursday in the capital, Pretoria. The Reserve Bank’s quarterly projection model now prices only one 25 basis-point rate increase by the end of 2021, compared with three such moves by the end of 2020 it forecast in November. Plunging crude prices coupled with recent gains in the rand have improved the bank’s inflation outlook.


  • January 17th 2019 at 15:52

Public sector strike paralyses Tunisia

Public sector strike paralyses TunisiaA public sector strike brought Tunisia to a standstill Thursday as workers heeded calls from a powerful trade union to stay home over demands for wage hikes and economic reforms. Across the country, schools were closed, public offices shuttered and transport paralysed after calls for a 24-hour strike by the Tunisian General Labour Union (UGTT). Only one flight took off from the international airport in Tunis, the transport ministry told AFP.


  • January 17th 2019 at 15:51

Libor's Heir Hindered by Repo Volatility in Battle of Benchmarks

Libor's Heir Hindered by Repo Volatility in Battle of BenchmarksLast month’s jump in rates on overnight Treasury repurchase agreements -- the market that supports SOFR -- pushed the benchmark higher by almost 70 basis points over a two-day span. Concerns about SOFR range from a lack of term structure to tepid volumes in derivatives that are tied to it.


  • January 17th 2019 at 15:46

What Jack Bogle's Legacy Means for My Family -- and Yours

What Jack Bogle's Legacy Means for My Family -- and YoursThe death of Vanguard's founder won't stop his life's work from living on.


  • January 17th 2019 at 15:45

Rosenberg: No Fundamentals to US Stock Market Recovery, May Not Last

Rosenberg: No Fundamentals to US Stock Market Recovery, May Not LastAccording to a major Canadian investment firm Gluskin Sheff’s chief economist David Rosenberg, the recovery of the U.S. stock market was a technical bounce and was not triggered by fundamental factors. The statement of Rosenberg mirrors the stance of Morgan Stanley analyst Mike Wilson who previously said fundamentals are still missing from the U.S. stock


  • January 17th 2019 at 15:43

Plexus (PLXS) Beats Q1 Earnings Estimates, Revenues Up Y/Y

Plexus (PLXS) Beats Q1 Earnings Estimates, Revenues Up Y/YPlexus' (PLXS) first-quarter fiscal 2019 results benefit from strong performance of the Healthcare/Life Sciences segment.


  • January 17th 2019 at 15:41

Loan Growth to Support Regions Financial (RF) Q4 Earnings

Loan Growth to Support Regions Financial (RF) Q4 EarningsRegions Financial's (RF) Q4 earnings anticipated to reflect benefits from rising rates and loan growth, partially offset by downside in capital markets income.


  • January 17th 2019 at 15:41

Will Solid Premiums Push Up Travelers (TRV) in Q4 Earnings?

Will Solid Premiums Push Up Travelers (TRV) in Q4 Earnings?Strong growth across businesses, improved combined ratio along with higher premiums and better investment results are likely to aid Travelers (TRV) in Q4. But cat loss exposure might be a spoilsport.


  • January 17th 2019 at 15:40

Giuliani shifts on collusion, can't say if Trump campaign tied to Russia

Giuliani shifts on collusion, can't say if Trump campaign tied to RussiaDonald Trump's lawyer Rudy Giuliani distanced the U.S. president from any collusion that might have occurred between Russia and other people in his 2016 campaign, saying he had no idea whether any aides colluded with Moscow during that time. Trump and Giuliani have repeatedly and publicly said there was no collusion between Trump's presidential campaign and Russia.


  • January 17th 2019 at 15:38

4 Medical Product Stocks Likely to Top Q4 Earnings Estimates

4 Medical Product Stocks Likely to Top Q4 Earnings EstimatesGiven the encouraging performance of the medical products industry for most part of 2018, it will be interesting see how the constituent companies perform in Q4.


  • January 17th 2019 at 15:38
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