UPDATE 1-ISS urges shareholders vote to strip BofA CEO Moynihan of chairman title BOSTON, Sept 4- Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meeting on the matter. The Charlotte, North Carolina- based bank, which named Moynihan chairman in 2014,...
UPDATE 2-Saudi Arabia satisfied with Obama's assurances on Iran deal President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East, a senior Saudi official said on Friday. The visit is the king's first to the United States since ascending to the throne in January 2015, and comes after the United States agreed to a nuclear deal with Iran in July.
| By: Yeganeh Torbati and Julia Edwards
GLOBAL MARKETS-Stocks end week lower after U.S. jobs data leaves Fed move unclear NEW YORK, Sept 4- Stocks on major markets fell on Friday, closing out another tough week for equity markets, after the monthly U.S. employment report failed to provide a clear signal on the likelihood of the first Federal Reserve interest rate rise for nearly a decade later this month. "Regardless of the global dislocation for equities, investors still seem to be...
| By: Herbert Lash
Puerto Rico skips $1.4 mln Sept. 1 payment NEW YORK, Sept 4- Puerto Rico's Public Finance Corp, the government agency that defaulted on its bonds in August by paying a fraction of what was owed, did not make a $1.4 million interest payment due Sept. 1, according to a filing and a spokesman for the island's Government Development Bank. U.S. Bank, the trustee for the PFC bonds, filed a public notice stating it had not...
| By: Jessica DiNapoli
COLUMN-When the Fed hikes, toys will fly, so get on with it - James Saft Sept 4- There's a roughly one-in-three chance the Federal Reserve hikes later this month and, guess what: the stock market won't like it. Stephen Lewis, economist at London's ADM Investor Services International, wonders to what extent Janet Yellen will recall the advice of famed child-rearing expert Dr. Benjamin Spock, who counseled that giving into tantrums...
| By: James Saft
How the Dow Jones industrial average fared on Friday U.S. stocks slumped on Friday after the government's monthly jobs report gave investors few clues about the Federal Reserve's next move on interest rates. The government reported that the unemployment rate fell to a seven-year low in August, but also said that employers added fewer jobs than forecast. The Dow fell 272.38 points, or 1.7 percent, to 16,102.38.
Source: The Associated Press
| By: By The Associated Press
UPDATE 2-Gazprom, European partners sign Nord Stream-2 deal FRANKFURT/ VLADIVOSTOK, Russia, Sept 4- Russia's Gazprom and its European partners signed a shareholders' agreement on the Nord Stream-2 gas pipeline project that will run beneath the Baltic Sea to Europe, bringing Europe closer into Moscow's energy orbit, a move criticized by the U.S. energy envoy. Russia provides for around a third of EU energy needs, but around...