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Wall St. ekes out gain, helped by materials, consumer stocks

U.S. stocks eked out small gains on Monday morning, helped by gains in materials and consumer stocks, as investors stayed cautious after last week's strong gains and ahead of Thanksgiving. Five of the 10 major S&P sectors were higher, kept afloat by the 0.53 percent rise in the materials sector , boosted by Alcoa, and a 0.5 percent gain in...
Nov 23, 2015 |
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U.S. says China to take tougher stance against trade secret theft

By James Pomfret GUANGZHOU, China (Reuters) - The United States Commerce Secretary said on Monday China would offer better legal protection to U.S. firms that suffer theft of trade secrets after annual trade talks that yielded scant progress on other topics like a proposed investment treaty. "We got significant outcomes on trade secrets which...
Nov 23, 2015 |
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Pfizer to buy Allergan in $160 billion deal

Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a record-breaking deal worth $160 billion, designed to cut the company's U.S. tax bill by moving its headquarters to Ireland. The merger, which will create the world's largest drugmaker, will delay the Lipitor and Viagra maker's decision on whether to split by two...
Nov 23, 2015 |
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Pfizer set to buy Allergan for more than $150 billion: sources

The deal, the largest ever in the healthcare sector, will be announced on Monday and is sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called "inversion" that would slash its corporate tax rate. It will also reignite debate in the...
Nov 23, 2015 |
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Average U.S. gasoline prices resume slide, hit 10-month low: Lundberg

The average price of gasoline in the United States resumed its slide over the past two weeks, dropping 11 cents to $2.14 a gallon, the lowest since late January, according to a Lundberg survey released on Sunday. The 5 percent decline in gasoline prices came as oil refiners and gasoline wholesalers and retailers passed along lower oil-buying prices...
Nov 23, 2015 |
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Euro and commodities skid, Asia stocks mixed

The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the U.S. dollar, while activity in Asian shares was crimped by a holiday in Japan. The strength of the dollar also combined with worries about Chinese demand to clobber commodity prices again, sending copper to its lowest in over six years....
Nov 23, 2015 |
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Procter & Gamble: Time for a split - Barron's

Executives of consumer-products giant Procter & Gamble Co , the maker of Tide detergent and other household goods, should consider breaking up the company to improve its beleaguered performance, Barron's financial newspaper said. The "radical action" would give the Cincinnati-based company a chance to contend with more...
Nov 23, 2015 |
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Cognac makers ramp up U.S. efforts as China sips less

By Martinne Geller COGNAC, France (Reuters) - France's centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink's appeal beyond its African American stronghold. The big four producers -- LVMH Moet Hennessy , Remy Cointreau , Pernod Ricard and Beam Suntory [BSI.UL] -- have...
Nov 22, 2015 |
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Pssst, want to play the market? Count the Fed leak weeks: study

By Ann Saphir BERKELEY, Calif. (Reuters) - U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain weeks. Vissing-Jorgensen and her colleagues found that the stock...
Nov 22, 2015 |
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Fed's Williams sees strong case for December interest-rate hike

By Ann Saphir BERKELEY, Calif. (Reuters) - There is a "strong case" for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday. "The data I think have been overall encouraging, especially on the labor market," San Francisco...
Nov 22, 2015 |
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Monetary policy risks becoming ineffective in low growth world: ECB Coeure

Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy makers to...
Nov 22, 2015 |
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Fed may need permanently big balance sheet, Williams says

By Ann Saphir BERKELEY, Calif. (Reuters) - The U.S. Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, a top Fed official said on Saturday. With the so-called natural interest rate in the...
Nov 22, 2015 |
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Ford union workers ratify new four-year U.S. labor pact: UAW

Ford Motor Co's U.S. union workers narrowly approved a four-year labor contract after a late push for support by United Auto Workers leaders, the UAW said late Friday night. The UAW said 51.3 percent of production workers and 52.4 percent of skilled trades workers voted in favor of the new contract, after more than a week of voting that...
Nov 21, 2015 |
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Volkswagen denies German report of sales slump on CO2 confession

Volkswagen denied a report on Saturday that its sales have slumped since this month's admission that it had understated the level of carbon dioxide emissions for some cars. German daily Frankfurter Allgemeine Zeitung (FAZ) had reported earlier on Saturday that Volkswagen's sales were declining significantly, citing an unnamed dealer as...
Nov 21, 2015 |
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Apple wins patent trial against Pendrell subsidiary

By Lisa Bose McDermott MARSHALL, Texas (Reuters) - A U.S. jury on Friday found Apple Inc did not infringe five antipiracy patents owned by a Pendrell Corp subsidiary at trial in a Texas federal court. The jury also found that Apple did not prove that the patents were invalid. An Apple attorney declined to comment.
Nov 21, 2015 |
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Exclusive: Pfizer, Allergan CEOs agree on combined company roles - sources

Pfizer Inc and Allergan Inc chief executives have agreed on the roles they would assume in a combined company, removing one of the last hurdles to the largest ever healthcare merger, people familiar with the matter said. Pfizer CEO Ian Read will be CEO of the combined company, while Allergan CEO Brent Saunders will have another very senior role,...
Nov 21, 2015 |
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Food stocks on the menu for Thanksgiving week

There are no picky eaters on Thanksgiving - as long as the menu is hormone and antibiotic free, locally grown and convenient. Tyson Foods and Post Holdings report results Monday, followed Tuesday by Campbell Soup and Hormel Foods. ""We are looking at changing consumer patterns with regards to looking at the label," billionaire value...
Nov 21, 2015 |
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VW cuts 2016 capital spending plan as cheating scandal widens

By Andreas Cremer and David Shepardson WOLFSBURG, Germany/WASHINGTON (Reuters) - Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles. Volkswagen has told U.S. regulators that emissions issues in larger luxury cars and...
Nov 21, 2015 |
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UAW leaders ratify new GM labor agreement

By Bernie Woodall DETROIT (Reuters) - Leaders of the United Auto Workers union ratified a four-year labor agreement with General Motors Co on Friday, two weeks after most rank-and-file GM workers voted in favor of the new contract. Ratification, announced by the union, was delayed two weeks because skilled trades workers, who are fewer than general...
Nov 21, 2015 |
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Hyundai to recall about 305,000 cars in U.S. for brake pedal issues

Hyundai will recall certain model year 2011-2012 Sonata vehicles manufactured between Dec. 11, 2009 and June 30, 2011, according to a letter the NHTSA sent Hyundai, acknowledging the recall. If the brake light switch plunger did not retract, as it should when the brake pedal is not being pressed, the brake lights may stay on at all times,...
Nov 20, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More