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Weak luxury goods stocks push European shares off peaks
Reuters* FTSEurofirst 300 down 0.6 pct, Euro STOXX 50 falls 0.5 pct * Some traders sell positions ahead of Bernanke speech * Traders expect any pullback to be relatively minor * Burberry fall knocks back luxury goods sector By Sudip Kar-Gupta LONDON, May 22...Tags: Luxury Goods Industry, Ben Bernanke, Derivative Securities, Germany, Central Bank
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BNY Mellon to add up to 100 positions at wealth management unit
Reuters(Reuters) - BNY Mellon Corp , the world's largest custody bank, said it would add up to 100 positions at its wealth management unit, expanding the sales force at the unit by 50 percent in the next two years. Banks such as Morgan Stanley and Goldman Sachs...Tags: NYSE Euronext, Inc., Global Expansion, Morgan Stanley Dean Witter & Company, Goldman Sachs Group, Inc.
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STOCKS NEWS US-Economic and earnings diary for May 22
ReutersReal-time equity news [E U] U.S. stock market report 0721 ET 22May2013-Economic and earnings diary for May 22 ----------------------------------------------------------------------------- Economic data expected on Wednesday includes existing home...Tags: S&P 500, Ben Bernanke, Earnings, Lowe's Companies Inc., Hewlett-Packard Co.
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US STOCKS-Futures tick higher ahead of Bernanke testimony
Reuters* Saks rallies on report it is mulling sale * Bernanke seen hitting dovish note in testimony * Futures up: Dow 17 pts, S&P 2 pts, Nasdaq 5 pts NEW YORK, May 22 (Reuters) - U.S. stock index futures edged up in thin trading Wednesday, ahead of highly...Tags: S&P 500, Ben Bernanke, Saks Inc., Lowe's Companies Inc., Toll Brothers Inc
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Futuros de acciones de EEUU suben a la espera de testimonio de Bernanke
ReutersNUEVA YORK, mayo 22 (Reuters) - Los futuros de las acciones estadounidenses subían el miércoles en medio de pocas operaciones antes de un esperado testimonio frente al Congreso del presidente de la Reserva Federal, Ben Bernanke, respecto a la economí...Tags: S&P 500, Saks Inc., Ben Bernanke, Goldman Sachs Group, Inc.
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GLOBAL MARKETS-Dollar steadies before Bernanke, Wall St seen higher
Reuters* Dollar index steady before Bernanke testimony * U.S. stock futures signal more Wall St gains * German bond yields ease, Treasuries firm * European shares ease off multi-year highs By Richard Hubbard LONDON, May 22 (Reuters) - The dollar hovered near...Tags: S&P 500, Nikkei, Ben Bernanke, Central Bank, Japan
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Credit rating firms sow doubt on euro zone bond rally
Reuters* Ratings agencies warn euro zone ratings still at risk * Favourable market conditions may be temporary-Moody's * S&P warns cheap cash creates complacency risks By Marius Zaharia LONDON, May 22 (Reuters) - Credit rating firms say they could further...Tags: Italy, Standard & Poor's Financial Services LLC, Moody's Corporation, Ratings, Spain
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CANADA STOCKS-TSX opens higher in broad gains, led by gold miners
ReutersTORONTO, May 22 (Reuters) - Canada's main stock index opened sharply higher on Wednesday, led by Barrick Gold Corp and Goldcorp, as the bullion price rose on physical demand from China and comments from some U.S. Federal Reserve officials suggesting...Tags: Toronto Stock Exchange, Metal and Mineral, Gold and Precious Material, Toronto (Canada), Barrick Gold Corporation
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Oncolytics cancer drug meets mid-stage trial goal, shares rise
ReutersMay 22 (Reuters) - Oncolytics Biotech Inc said preliminary data from a mid-stage trial showed that its cancer drug, Reolysin, met the main goal of reducing the size of tumors in patients with metastatic melanoma, a type of skin cancer. Shares of the...Tags: Health Treatments, Chemotherapy, Science and Technology, Trials, Toronto Stock Exchange
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Toll Brothers profit beats on higher home prices
Reuters(Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent. Record-low interest rates and rising...Tags: NYSE Euronext, Inc., Marketing, Rentals, Earnings Forecasts, Toll Brothers Inc
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US STOCKS SNAPSHOT-Wall St rises further after Bernanke comments
ReutersNEW YORK, May 22 (Reuters) - U.S. stocks extended gains on Wednesday, with both the Dow and briefly S&P 500 rising 1 percent after Federal Reserve Chairman Ben Bernanke gave no indication that the central bank would retreat from its latest round of bond...Tags: S&P 500, Stock Activities, Ben Bernanke, Financial Markets, Nasdaq Composite
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Regulatory watchdog FINRA to oversee Direct Edge's surveillance
ReutersNEW YORK, May 22 (Reuters) - The Financial Industry Regulatory Authority said on Wednesday that U.S. exchange operator Direct Edge has agreed to allow the regulatory watchdog to look out for abusive trading activity on its two stock exchanges. FINRA will...Tags: Finance, NYSE Euronext, Inc., Financial Markets, Politics, Marketing
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