Stock market http://www.globalpost.com/taxonomy/term/23009/all en Nasdaq seeks upside from markets debate as profits rise http://www.globalpost.com/dispatch/news/thomson-reuters/140424/nasdaq-seeks-upside-markets-debate-profits-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By John McCrank</p> <p>(Reuters) - Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group &lt;NDAQ.O&gt;, which reported higher earnings on Thursday.</p> <p>In "Flash Boys: A Wall Street Revolt," Lewis says that high-speed traders bilk billions from the financial system using ultra-fast telecommunications links, microwave towers and special access to exchanges to gain an edge over other traders.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140424/nasdaq-seeks-upside-markets-debate-profits-rise" target="_blank">read more</a></p> Financial economics Financial markets Stock market Thomson Reuters Thu, 24 Apr 2014 18:08:36 +0000 Thomson Reuters 6129892 at http://www.globalpost.com European stocks close after upbeat earnings http://www.globalpost.com/dispatch/news/afp/130923/china-manufacturing-hits-six-month-high <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European stock markets closed on an upbeat note on Thursday as traders reacted to a string of earnings updates, data pointing to further easing of eurozone economic strains, and fresh takeover speculation.</p> <p>Stock indices got a boost from well-received profits news from Apple and Facebook on Wednesday following the close of trading on Wall Street, analysts said, and New York markets were up on Thursday.</p> <p>Concern over the crisis in Ukraine however capped the optimism on financial and oil markets, and the euro eased slightly against the dollar over the escalating tensions.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130923/china-manufacturing-hits-six-month-high" target="_blank">read more</a></p> Alstom Economy of the European Union Stock market AFP Mon, 23 Sep 2013 05:20:49 +0000 Agence France-Presse 5941623 at http://www.globalpost.com Apple earnings, expanded buyback lead US stocks higher http://www.globalpost.com/dispatch/news/afp/140424/apple-earnings-expanded-buyback-lead-us-stocks-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Apple's shareholder-friendly measures including a stock split and an expanded buyback helped lead US shares higher in opening trade Thursday.</p> <p>Five minutes into trade, Apple shares rose nearly 8 percent, pulling the Nasdaq Composite up 40.42 (0.98 percent) to 4,167.38.</p> <p>The Dow Jones Industrial Average advanced 32.37 points (0.20 percent) to 16,534.02, while the broad-based S&amp;P 500 gained 7.16 (0.38 percent) to 1,882.55.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140424/apple-earnings-expanded-buyback-lead-us-stocks-higher" target="_blank">read more</a></p> Business Electronics Stock market AFP Thu, 24 Apr 2014 14:48:53 +0000 Agence France-Presse 6129718 at http://www.globalpost.com Hanwha Chemical to raise US$340 mln via GDR sales http://www.globalpost.com/dispatch/news/yonhap-news-agency/140424/hanwha-chemical-raise-us340-mln-gdr-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, April 24 (Yonhap) -- Hanwha Chemical Co., a unit of South Korea's Hanwha Group, said Thursday it will raise US$340 million by selling its shares to overseas investors.</p> <p>The global depository receipts (GDRs), or certificates of stock ownership, were priced at $15.7 each, the company said. The GDRs represent some 216.56 million common stocks and will be listed on the Singapore Exchange on May 9, it said.</p> <p>Proceeds from the GDR sales will be used to improve its financial health by paying off debts from capital spending on the solar power sector, Hanwha Chemical said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2014. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/140424/hanwha-chemical-raise-us340-mln-gdr-sales" target="_blank">read more</a></p> Business Global depository receipt Hanwha Chemical Stock market Yonhap News Agency Thu, 24 Apr 2014 11:30:55 +0000 Yonhap News Agency 6129497 at http://www.globalpost.com Hong Kong shares end 0.24% higher http://www.globalpost.com/dispatch/news/afp/130922/football-milito-scores-brace-return-inter-thrash-sassuolo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hong Kong shares closed 0.24 percent higher on Thursday following two days of losses and despite a sell-off on Wall Street.</p> <p>The benchmark Hang Seng Index ended up 53.16 points at 22,562.80 on turnover of HK$50.33 billion (US$6.49 billion).</p> <p>In China the benchmark Shanghai Composite Index fell 0.50 percent, or 10.35 points, to 2,057.03 on turnover of 64.4 billion yuan ($10.3 billion).</p> <p>The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.72 percent, or 7.62 points, to 1,057.31 on turnover of 76.8 billion yuan. </p> <p>dan/sm</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130922/football-milito-scores-brace-return-inter-thrash-sassuolo" target="_blank">read more</a></p> Hang Seng Index Stock market AFP Sun, 22 Sep 2013 13:46:29 +0000 Agence France-Presse 5941139 at http://www.globalpost.com Global stocks mostly higher, Tokyo shares down after trade deal not struck during Obama visit http://www.globalpost.com/dispatch/news/the-canadian-press/140423/shares-mixed-lacklustre-china-data-japan-buoyed-yen-seibu-ip <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TOKYO - Global shares were mixed with European shares getting an early boost Thursday, but stocks in Tokyo slipped after talks between Japan's prime minister and visiting President Barack Obama failed to finalize a trade agreement.</p> <p>Progress on the trans-Pacific pact would be a plus for giant Japanese exporters such as Toyota Motor Corp. Adding to the mixed view was Wall Street's fall overnight despite a solid earnings report from Apple Inc. that sent that issue higher.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140423/shares-mixed-lacklustre-china-data-japan-buoyed-yen-seibu-ip" target="_blank">read more</a></p> Business Financial economics Investment Stock market The Canadian Press Wed, 23 Apr 2014 13:48:07 +0000 The Canadian Press 6128438 at http://www.globalpost.com Apple earmarks more cash for shareholders, prepares 7-for-1 stock split http://www.globalpost.com/dispatch/news/the-canadian-press/140424/apple-earmarks-more-cash-shareholders-prepares-7-1-stock-spl <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>Apple upstaged Wednesday's release of its fiscal second-quarter earnings by announcing plans to send more cash to its shareholders and split its stock for the first time in nine years. This is what Apple is doing:</p> <p>— The Cupertino, Calif., company will spend an additional $30 billion buying back its slumping stock through the end of next year. The commitment increases Apple's stock buyback program to $90 billion. Apple Inc. has invested about $46 billion in its stock since the program began in 2012.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140424/apple-earmarks-more-cash-shareholders-prepares-7-1-stock-spl" target="_blank">read more</a></p> Business Corporate finance Financial economics Stock market USD The Canadian Press Thu, 24 Apr 2014 04:17:02 +0000 The Canadian Press 6129211 at http://www.globalpost.com Apple to boost share buyback and split stock http://www.globalpost.com/dispatch/news/afp/140423/apple-boost-share-buyback-and-split-stock <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Apple on Wednesday said that it plans to buy back an additional $30 billion worth of shares and split its stock.</p> <p>The moves backed by the Apple board were announced as the California company reported a profit of $10.2 billion on $45.6 billion in revenue in the first three months of this year.</p> <p>The earnings figures came with Apple chief Tim Cook hinting that new products are on the way from the maker of iPhones, iPads, iPods, and Macintosh computers.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140423/apple-boost-share-buyback-and-split-stock" target="_blank">read more</a></p> Apple Business Corporate finance Stock market AFP Wed, 23 Apr 2014 22:21:41 +0000 Agence France-Presse 6129095 at http://www.globalpost.com Ex-Nvidia manager settles U.S. SEC charges on illegal tips http://www.globalpost.com/dispatch/news/thomson-reuters/140423/ex-nvidia-manager-settles-us-sec-charges-illegal-tips <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Emily Flitter and Sarah N. Lynch</p> <p>NEW YORK/WASHINGTON (Reuters) - A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of Wall Street analysts to make millions through illegal trades, the SEC announced on Wednesday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140423/ex-nvidia-manager-settles-us-sec-charges-illegal-tips" target="_blank">read more</a></p> Business Corruption Insider trading Labor Law Stock market Thomson Reuters Wed, 23 Apr 2014 21:53:31 +0000 Thomson Reuters 6129059 at http://www.globalpost.com Japan's Seibu Holdings jumps 11% on Tokyo stock market debut http://www.globalpost.com/dispatch/news/afp/140423/japans-seibu-holdings-jumps-11-tokyo-stock-market-debut <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japanese railway and hotels giant Seibu Holdings jumped nearly 11 percent on its return to the Tokyo stock market Wednesday, a decade after it was de-listed following a major accounting scandal.</p> <p>The stock finished at 1,770 yen ($17.25) from its 1,600 yen initial public offering price, valuing the group at about 605 billion yen ($5.89 billion) and marking a solid result after some recent IPO bombs in Japan.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140423/japans-seibu-holdings-jumps-11-tokyo-stock-market-debut" target="_blank">read more</a></p> Business Cerberus Capital Management Drexel Burnham Lambert Seibu Holdings Stock market Technology AFP Wed, 23 Apr 2014 12:42:04 +0000 Agence France-Presse 6128286 at http://www.globalpost.com China pork firm scales down IPO in volatile market http://www.globalpost.com/dispatch/news/afp/130920/how-hotel-murder-brought-down-china-high-flyer-bo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chinese pork producer WH Group has slashed a planned initial public offering in Hong Kong by almost two-thirds blaming concerns about the strength of the city's stock market, a report said Wednesday.</p> <p>The firm, which last year bought US giant Smithfield Foods in a landmark multi-billion-dollar deal, said this month it hoped to raise up to US$5.3 billion with a share sale and listing on April 30.</p> <p>It would have made it the biggest IPO globally in a year and Hong Kong's largest since US insurer AIA raised $20.5 billion in 2010.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130920/how-hotel-murder-brought-down-china-high-flyer-bo" target="_blank">read more</a></p> Business Corporate finance Initial public offering Stock market Technology AFP Sat, 21 Sep 2013 03:06:49 +0000 Agence France-Presse 5940447 at http://www.globalpost.com Hong Kong shares end 0.97% lower http://www.globalpost.com/dispatch/news/afp/140423/hong-kong-shares-end-097-lower <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hong Kong shares sank 0.97 percent on Wednesday despite another rally on Wall Street and a survey showing a slight improvement in China's manufacturing activity in April.</p> <p>The benchmark Hang Seng Index ended down 221.04 points at 22,509.64 on turnover of HK$57.10 billion (US$7.37 billion).</p> <p>British bank HSBC said its preliminary purchasing managers' index (PMI) for China was 48.3 in April, up from 48.0 in March. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140423/hong-kong-shares-end-097-lower" target="_blank">read more</a></p> Economy of Asia Hang Seng Index Constituent Stocks Stock market Technology AFP Wed, 23 Apr 2014 12:38:00 +0000 Agence France-Presse 6128254 at http://www.globalpost.com Japan's Seibu Holdings valued at $5.6bn on relisting http://www.globalpost.com/dispatch/news/afp/130920/kenyan-president-miss-un-meet-warns-international-court <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japanese railway and hotels giant Seibu Holdings returned to the stock market Wednesday after aggressive restructuring following its delisting more than nine years ago, with early trade valuing the group at $5.6 billion.</p> <p>Seibu was changing hands at 1,685 yen after the first 30 minutes of trading, up 5.3 percent from its initial public offering (IPO) price.</p> <p>The price put the total value of the company's shares at 576 billion yen ($5.6 billion).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130920/kenyan-president-miss-un-meet-warns-international-court" target="_blank">read more</a></p> Business Cerberus Capital Management Corporate finance Seibu Holdings Stock market Technology AFP Fri, 20 Sep 2013 19:18:03 +0000 Agence France-Presse 5940164 at http://www.globalpost.com Former Celgene Corp. executive sentenced to 16 months in pharmaceutical insider trading case http://www.globalpost.com/dispatch/news/the-canadian-press/140422/former-celgene-corp-executive-sentenced-16-months-pharmaceut <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEWARK, N.J. - A former pharmaceutical executive has been sentenced to 15 months in prison for his role in an insider trading scheme.</p> <p>John Lazorchak was sentenced Tuesday in federal court in Newark, N.J. He also will have to serve two years of supervised release once he's freed from prison and will have to forfeit $3,000.</p> <p>Lazorchak was director of financial reporting at Celgene Corp. when he was arrested in November 2012 along with five other people. One of the others was Mark Cupo, an executive at French drugmaker Sanofi Aventis' U.S. headquarters in Bridgewater, N.J.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140422/former-celgene-corp-executive-sentenced-16-months-pharmaceut" target="_blank">read more</a></p> Corruption Insider trading Stock market The Canadian Press Tue, 22 Apr 2014 22:08:48 +0000 The Canadian Press 6127918 at http://www.globalpost.com Next batch of companies hope to raise $3.6 billion through China IPOs http://www.globalpost.com/dispatch/news/thomson-reuters/140422/next-batch-chinese-companies-hope-raise-36-billion-through-chin <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SHANGHAI (Reuters) - China's regulator posted draft initial public offering (IPO) prospectuses for 18 Chinese firms on Monday, bringing the total number of potential issuers up to 46, with state media estimating they could raise as much as 22.6 billion yuan ($3.6 billion) from investors.</p> <p>The anticipated resumption follows a two-month flurry of IPOs in January and February this year, after regulators let the IPO market go dark for 14 months beginning in 2014, which some said was an attempt to boost sagging mainland stock indexes.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140422/next-batch-chinese-companies-hope-raise-36-billion-through-chin" target="_blank">read more</a></p> Corporate finance Initial public offering Stock market Technology Thomson Reuters Tue, 22 Apr 2014 13:36:52 +0000 Thomson Reuters 6127382 at http://www.globalpost.com