• Ascension Health to sell $1.03 bln of rev bonds June 10 week

  Fri May 24, 2013 1:13pm EDT May 24 (Reuters) - Ascension Health Alliance is expected to sell $1.03 billion of taxable and tax-exempt revenue bonds during the week of June 10, a market source said on Friday. The sale includes $500 million of variable-rate and $100 million of fixed-rate tax-exempt revenue bonds issued through Wisconsin Health and Educational Facilities Authority. In addition, ...

• US STOCKS-Wall St slips on Fed stimulus uncertainty PG jumps

  Fri May 24, 2013 1:12pm EDT * Stocks decline as investors assess the Fed's next move * P&G shares climb after CEO replacement * Durable goods orders rise more than expected * Dow off 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct By Leah Schnurr NEW YORK, May 24 (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, ...

• Manufacturers turn up heat on LME over metals warehousing

  Fri May 24, 2013 1:11pm EDT * Complaints about queues, high surcharges gather pace * EC competition watchdog has received enquiry findings * US group says could withdraw support for LME contract By Susan Thomas LONDON, May 24 (Reuters) - Big industrial metals users are leaning heavily on the London Metal Exchange (LME) to fix its controversial metal storage system, although they have limited ...

• Stocks Close Modestly Lower But Well Off Worst Levels - U.S. Commentary

  After moving sharply lower at the start of trading on Thursday, stocks showed a substantial recovery attempt over the course of the trading day. The rebound came as upbeat housing data helped offset worries about the Federal Reserve. The major averages climbed well off their worst levels of the day but still ended the session in the red. The Dow edged down 12.67 points or 0.1 percent to ...

• Movers Shakers Friday’s movers Abercrombie Sears not in fashion

  Bootstrapping for start-ups When start-up financing is scarce, entrepreneurs should look to bootstrapping. Angel Investor Dale Murray explains what it is and how to attract ...

• Bond Report Treasurys move higher as investors buy cheap

  NEW YORK (MarketWatch) -- Investors bought back into Treasurys Friday after a substantial selloff this week, helping the safe-haven debt hold onto gains after a manufacturing report on orders for long-lasting big-ticket items came in better than ...

• Metals Stocks Gold futures retreat pare gains for the week

  SAN FRANCISCO (MarketWatch) -- Gold futures posted modest losses on Friday, paring their gains for the week after a nearly 2% climb a day prior, as investors grew wary ahead of a long U.S. holiday ...

• Wall Street drops on uncertainty

  "We've had some volatility this week that we really haven't experienced in a month or so, so it's got a little bit of uncertainty here," said Joe Bell, a senior equity analyst at Schaeffer's Investment Research in ...

• Chile fines Barricks Pascua Lama suspends construction

  SANTIAGO | Fri May 24, 2013 12:59pm EDT SANTIAGO May 24 (Reuters) - Chilean environmental authorities said on Friday that they will fine Barrick Gold Corp's Pascua-Lama mine around $16 million and that construction on the controversial deposit will need to remain suspended until it adheres to a water management plan in its environmental permit. A Chilean court in April temporarily ...

• Meet The People Who Are Subverting Wall Street Reform

  Commodity Futures Trading Commissioner Mark Wetjen Three years after Congress passed sweeping reforms of Wall Street, the industry has successfully widened a variety of cracks in the Dodd-Frank law. But credit for the industry's success at watering down the landmark legislation doesn't just go to well-heeled lobbyists - regulators and lawmakers are helping. ...

• UK treating plane incident as criminal not terror-related

  STANSTED, England | Fri May 24, 2013 12:52pm EDT STANSTED, England May 24 (Reuters) - British police said on Friday they are treating an incident involving a plane carrying almost 300 passengers from Pakistan as criminal rather that a terror-related. "It's a criminal investigation under the direction of Essex police," Superintendent Darrin Tomkins told reporters at Stansted ...

• ITV News Twitter account hacked by Syrian Electronic Army

  LONDON (Reuters) - Broadcaster ITV on Friday became the latest media outlet to have one of its Twitter feeds hacked by anonymous supporters of Syria's President Bashar al-Assad, just days after Twitter beefed up security to prevent ...

• Fitch to Confirm AAAF1+ Ratings on New York City GO Bonds 2006 Ser I Subser I-4 I-5 I-6

  Macao Banks' Rapid China Growth Alters Risk Profiles Macao banks could see their risk profiles weaken as their exposure to China continues to climb.Fitch Ratingsexpects credit growth to accelerate to 30% in 2013 from 26% in 2012, primarily led by China-related trade financing. Generally Chinese exposures are driven by parent referrals and associated risk is adequately mitigated with ...

• COMMENT Nikkei nosedive not just a correction

  Fri May 24, 2013 12:42pm EDT SO THE VERSION of events being touted by Japan bulls is that last week's one-day 7.3% plunge in the Nikkei represented simply a pullback for a market that had put in its most supercharged performance over six months since 1953. This presents a major buying opportunity for those who believe "Abenomics" and the newly pugilistic Bank of Japan will drag Japan ...

• Billionaire Says Babies Destroy A Womans Focus In Wall Street Jobs

  Speaking at a symposium at the University of Virginia last month, hedge fund billionaire Paul Tudor Jones suggested that having babies kills a woman's focus, rendering her unable to succeed in the trading industry. According to ...

• UPDATE 2-Profit taking pressures U.S. natgas futures ahead of holiday

  * Cool near-term forecasts, holiday pressure prices * Warmer extended weather outlook limits downside * Coming up: Baker Hughes rig data, CFTC trade data Friday By Joe Silha NEW YORK, May 24 (Reuters) - U.S. natural gas futures, pressured by light profit-taking ahead of a three-day holiday weekend, remained slightly lower on Friday, but hotter forecasts for later next week that should stir more ...

• RPT-Henrik Fisker joins Hong Kong tycoon to salvage Fisker -sources

  Fri May 24, 2013 12:32pm EDT * One of two competing offers in play * Fisker cofounder teams up with investors trying to buy U.S. loan * Group may offer between $25 mln and $30 mln for loan * Sources caution figures are changing, on the rise * DOE considering ramifications of selling Fisker loan -source By Deepa Seetharaman and Norihiko Shirouzu DETROIT/BEIJING, May 24 (Reuters) - Henrik Fisker ...

• RCO prices first Mexico toll-road bond since 2006

  By Paul Kilby Fri May 24, 2013 12:31pm EDT NEW YORK, May 24 (IFR) - Red de Carreteras de Occidente (RCO) has put to bed a rare international toll-road bond out of Mexico, playing its role in developing a new asset class for corporate peso bonds distributed to both foreigners and locals and creating more complex project structures. RCO's Ps7.5bn 15-year amortiser is thought to be the first ...

• Wall Street Lower on Fed Worries

  United States stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the Federal Reserve may scale back its support to the economy. In afternoon trading, the Standard & ...

• Valeant Pharma near deal to acquire Bausch Lomb -source

  NEW YORK, May 24 (Reuters) - Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb from private equity owner Warburg Pincus LLC for about $9 billion, a person familiar with the matter said ...

• UPDATE 1-Investors trim flows into Mexico in first quarter

  MEXICO CITY, May 24 (Reuters) - Foreign investors nearly halved their investment in Mexican stocks and bonds in the first quarter compared to the same period last year, central bank data showed on Friday, scaling back from record heights. ...

• Mexican peso falls to lowest level since mid-March

  MEXICO CITY, May 24 (Reuters) - Mexico's peso fell sharply on Friday to its lowest level since mid-March. The peso dropped 1.28 percent to trade at 12.549 pesos per ...

• RPT-Fitch affirms Suriname sovereign ratings at BB-

  Fri May 24, 2013 12:23pm EDT May 24 (Reuters) - For full text please ...

• BRIEF-Barrick Gold Silver Wheaton shares halted news pending

  Fri May 24, 2013 12:20pm EDT May 24 (Reuters) - Barrick Gold Corp : * Silver Wheaton shares halted, news ...

• RPT-UPDATE 2-News Corps publishing business to initiate stock buyback

  Fri May 24, 2013 12:16pm EDT By Jennifer Saba May 24 (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday. The stock repurchase may shed light for analysts ...

• Hedge funds bet on Aussie dollar slide

  By Laurence Fletcher LONDON | Fri May 24, 2013 12:12pm EDT LONDON May 24 (Reuters) - Hedge funds hungry for trade ideas after the success of their bets on Japan's recovery have been turning their attention to the Australian dollar, betting the end of the commodities boom will drive down the currency. Funds have been watching for signs of weakness in the Aussie dollar, which was one ...

• UPDATE 1-Algerian jihadi mastermind claims Niger suicide attacks

  Fri May 24, 2013 12:12pm EDT * French forces, Niger troops kill last two Islamists * Veteran Algerian jihadist Belmokhtar claims Niger attacks * Belmokhtar planned hostage taking at Algeria gas plant * Niger attacks are 'shockwave' of Mali conflict By Abdoulaye Massalatchi NIAMEY, May 24 (Reuters) - French special forces and Niger troops shot dead on Friday the last two Islamists ...

• Los Angeles Calif. to sell $284.5 mln of wastewater revs June 4

  Fri May 24, 2013 12:09pm EDT May 24 (Reuters) - The city of Los Angeles, California will sell $284.5 million of combined new and refunding wastewater system revenue bonds on June 4, a market source said on Friday. The sale will consist of $146.610 million of series 2013-A wastewater system revenue bonds, and $137.925 million of refunding series 2013-B wastewater system revenue bonds. Siebert ...

• RPT-Mexicos current account deficit narrows in Q1

  Fri May 24, 2013 12:03pm EDT (Repeats with no change to text, to attach item to corrected alerts) MEXICO CITY May 24 (Reuters) - Mexico's current account deficit notched $5.53 billion in the first quarter, the central bank said on Friday, narrowing from the fourth quarter of last year. The current account deficit was the equivalent of 1.8 percent of gross domestic product, the central bank ...

• BRIEF-NY attorney general says evidence banks violated mortgage pact

  NEW YORK | Fri May 24, 2013 11:59am EDT NEW YORK May 24 (Reuters) - NY Attorney General Eric Schneiderman says several states have evidence banks violated terms of national mortgage ...

• EURO GOVT-Investors favor Bunds to riskier debt into weekend

  Fri May 24, 2013 11:57am EDT * Spanish, Italian bond yields rise on profit-taking * Concerns Fed will scale back U.S. stimulus continues * Bunds rise as investors seek safety before long weekend * U.S. data suggests economy improving By Ana Nicolaci da Costa and Marius Zaharia LONDON, May 24 (Reuters) - Spanish and Italian government bond yields rose on Friday as investors sought safety before a ...

• Stocks head lower market on track for weekly loss

  FILE - In this Thursday, May 23, 2013, file photo, Trader Donato Cuttone works on the floor of the New York Stock Exchange near the close of trading. Asian shares traded erratically Friday May 24, 2013 but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary ...

• CANADA STOCKS-TSX dips as Fed stimulus worry offsets rise in banks

  * TSX falls 7.18 points, or 0.06 percent, to 12,650.91 * Seven of 10 main sectors decline * National Bank up 1.4 percent after results * Manitoba Telecom climbs after deal to sell Allstream * Niko jumps 23 percent after discovery off India's coast By John Tilak TORONTO, May 24 (Reuters) - Canada's main stock index fell modestly on Friday as fears that the U.S. Federal Reserve will turn ...

• Market Snapshot U.S. stocks slump weekly streak in jeopardy

  NEW YORK (MarketWatch) -- U.S. stocks traded firmly in the red Friday after another volatile session for Asian markets, with upbeat durable-goods data failing to overcome negative sentiment. Concerns about a potential tapering in the Federal Reserve's bond-buying program ...

• Currencies Yen continues advance against dollar

  NEW YORK (MarketWatch) -- The Japanese yen gained against the U.S. dollar Friday, extending an advance that was spurred in part by a selloff in Japanese ...

• Tech Stocks Salesforce.com Google hit tech stocks

  SAN FRANCISCO (MarketWatch) -- A sharp drop at Salesforce.com sparked a slump across the stocks of other corporate software vendors and led the broader tech sector into the red on Friday ...

• UPDATE 1-Adidas and Puma take rivalry to European soccer final

  Fri May 24, 2013 11:44am EDT By Victoria Bryan and Keith Weir FRANKFURT/LONDON May 24 (Reuters) - German sportswear makers Adidas and Puma renew their own decades-old rivalry when soccer teams Bayern Munich and Borussia Dortmund meet in Europe's Champions League Final at Wembley on Saturday. Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent in the ...

• U.S. senator urges extreme caution on Softbank-Sprint deal

  WASHINGTON | Fri May 24, 2013 11:39am EDT WASHINGTON May 24 (Reuters) - An influential U.S. senator on Friday expressed strong concerns about Japanese company Softbank Corp's plan to buy 70 percent of Sprint Nextel, the No. 3 mobile service provider, warning it could expose the United States to more Chinese cyber attacks. "I have real concerns that this deal, if approved, could ...

• FOREX-Dollar recoups losses to trade higher vs euro after US data

  Fri May 24, 2013 11:37am EDT * U.S. durable good orders better than expected in April * Better German Ifo makes ECB easing less likely * Yen stays firm versus dollar after strong gains Thursday NEW YORK, May 24 (Reuters) - The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. ...

• UPDATE 4-Raiffeisen CEO quits over offshore deals

  Fri May 24, 2013 11:34am EDT * CEO Stepic offers resignation for "personal reasons" * Says acting to protect bank from reputational harm * Step follows revelations about Singapore flat purchases * Shares pare losses, down 2.4 pct By Georgina Prodhan and Michael Shields VIENNA, May 24 (Reuters) - Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he ...

• Sands China picks Deloitte as new auditor

  HONG KONG | Fri May 24, 2013 11:32am EDT HONG KONG May 24 (Reuters) - Casino operator Sands China Ltd said on Friday that it had chosen Deloitte Touche Tohmatsu as its new auditor. Sands China, along with its controlling shareholder Las Vegas Sands Corp, received a letter in April from PricewaterhouseCoopers saying the firm would not stand for re-appointment as its auditor for the year ...

• SP raises Kennebunk Maines rating to AAA

  Fri May 24, 2013 11:31am EDT May 24 (Reuters) - Standard & Poor's Ratings Services raised its rating on the town of Kennebunk, Maine's general obligation bonds to AAA from AA-plus on Thursday. S&P said the outlook is stable. The upgrade reflects the town's strong reserves, the rating agency said. S&P also cited the diverse local economy, limited pension liabilities, and low debt ...

• Wall Street lobbyists frequently help draft financial legislation

  Kenneth E. Bentsen Jr., left, a Wall Street lobbyist, at a House financial services panel meeting. WASHINGTON -- Bank lobbyists are not leaving it to lawmakers to draft legislation that ...

• CORRECTED-Derivatives trade booms in wake of Japan stock slide

  Fri May 24, 2013 11:27am EDT (CORRECTS stimulus amount in graf 3) By Helen Bartholomew LONDON, May 24 (IFR) - Investors betting on a continuation of Japan's six-month runaway bull market suffered their biggest scare yet on Thursday as the Nikkei 225 lost more than 7% - its largest one-day loss in more than two years. But a corresponding spike in the Nikkei Volatility Index, from 27 to 48, ...

• US stocks fall amid global caution

  US stocks have fallen in early trade with caution reigning a day after a shock sell-off in Asia and Europe and ahead of the three-day US Memorial Day holiday weekend. Thirty minutes into Friday trade, the Dow Jones Industrial Average was down 55.16 points (0.36 per cent) to 15,239.34. The broad-based S&P 500 lost 9.40 (0.57 per cent) to 1,641.11, while the tech-rich Nasdaq Composite fell 20.36 ...

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