07262016Tue
Last update: Tue, 26 Jul 2016 11am

Americas

Markets - Equity - Americas

US markets head lower as Verizon buys Yahoo web assets NEW YORK: US markets were lower in early trade Monday as investors absorbed word of Verizon Communications' acquisition of the web assets of troubled tech giant Yahoo for $4.83 billion.The deal will see the Yahoo News, email and other assets integrated into Verizon's recently acquired AOL unit, while Yahoo will be left as a separate investment company holding Yahoo Japan and the company's most valuable asset, a huge stake in Alibaba."Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL, said chief executive Marissa Mayer.Yahoo shares fell 2.6 percent at $38.37 after the long-expected deal was announced, while Verizon lost 0.4 percent to $55.85.Overall, at 1430 GMT, the Dow Jones Industrial Average was down 0.5 percent from Friday's close at 18,481.21.The broader S&P 500 fell 0.4 percent at 2,165.53 and the tech-heavy Nasdaq dropped 0.2 percent at 5,092.35-7.81.Oil ...

Markets - Equity - Americas

US markets head lower as Verizon buys Yahoo web assets NEW YORK: US markets were lower in early trade Monday as investors absorbed word of Verizon Communications' acquisition of the web assets of troubled tech giant Yahoo for $4.83 billion.The deal will see the Yahoo News, email and other assets integrated into Verizon's recently acquired AOL unit, while Yahoo will be left as a separate investment company holding Yahoo Japan and the company's most valuable asset, a huge stake in Alibaba."Yahoo is a company that ...

Markets - Equity - Americas

TSX falls as energy, mining stocks weigh TORONTO: Canada's main stock index fell on Monday, weighed by energy and mining stocks that retreated along with oil and gold prices.The most influential weights on the index included its biggest gold miners and oil and gas producers, with Barrick Gold Corp down 3.3 percent at C$26.14 and Suncor Energy Inc falling 1.5 percent to C$35.47.The energy group retreated 1.6 percent, as crude fell to two-and-a-half month lows amid worries about a global supply glut ...

Markets - Equity - Americas

US markets open lower as Verizon buys Yahoo web assets NEW YORK: US markets opened slightly lower on Monday morning as investors absorbed word of Verizon Communications's acquisition of the web assets of troubled tech giant Yahoo for $4.83 billion.About 10 minutes into trade, Dow Jones Industrial Average was down 0.3 percent at 18,516.91.The S&P 500 lost 0.3 percent at 2,169.50, and the Nasdaq Composite lost 0.1 percent at 5,094.57.Yahoo's shares were down 1.4 percent in early trading at $38.82 after the long-flagged deal was ...

Markets - Equity - Americas

TSX flat as Valeant, miners weigh; eyes fourth weekly gain TORONTO: Canada's main stock index slipped on Friday but was on track for its fourth straight weekly gain as losses for materials stocks and Valeant Pharmaceuticals International Inc were offset by rising telecom, railway and banking stocks. Valeant declined 3.3 percent to C$30.96 after US regulators raised concerns about a new eye drop the company manufactures.The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.0 percent, with Barrick Gold Corp ...

Markets - Equity - Americas

US stocks flat as Boeing retreats NEW YORK: Wall Street stocks treaded water early Friday as Boeing shares took a hit after the company announced that it would take a $2.1 billion charge against second quarter earnings.Investors were cautious after the Dow lost ground Thursday, ending a six-day streak of records amid a mix of earnings reports."Investors will do a lot of tape watching, aiming to see how leading sectors ... respond to Thursday's pullback and whether the modest uptick at ...

Markets - Equity - Americas

Dow winning streak ends; European stocks flat NEW YORK: The Dow's six-day streak of records ended Thursday, while European stocks treaded water after the European Central Bank opted against additional stimulus.After almost four weeks of steady gains, US stocks paused, with the Dow retreating from records following disappointing earnings reports from components Intel and American Express.As expected, the European Central Bank did not announce any new measures at its regular policy meeting on Thursday.However, investors had been looking for ECB chief Mario ...