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Press Releases

Tropical Depression Two forms over the Atlantic-NHC

May 27- Tropical Depression Two of the 2016 Atlantic hurricane season has formed off of the southeastern United States, the U.S. National Hurricane Center said on Friday. Some strengthening is forecast during the next 48 hours, and the depression is expected to become a tropical storm later tonight or on Saturday, the Miami- based weather forecaster said.

Source: Reuters

DEALTALK-How four words rewrote Bayer-Monsanto deal script

Those four words, said on the sidelines of a New York conference, set off a series of events leading to the disclosure of Bayer's confidential, $62 billion bid for Monsanto, the largest all-cash corporate takeover offer on record. The U.S. Securities and Exchange Commission has strict disclosure rules to protect investors from being misled by companies.

Source: Reuters

US STOCKS-Wall St puts finishing touch on best week since March

May 27- Wall Street rose on Friday and capped off its strongest week since March after U.S. "As we look at our place in the global economy, things just seem to be improving to a point where it certainly looks likely that June or July will be the next launching point," said Paul Springmeyer, portfolio manager at the Private Client Reserve of U.S. Bank.

Source: Reuters

US STOCKS SNAPSHOT-Wall St rises, caps best week since March

NEW YORK, May 27- Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months." The Dow Jones industrial average rose 43.63 points, or 0.24 percent, to 17,871.92, the S&P 500 gained 8.83 points, or 0.42 percent, to 2,098.93 and the...

Source: Reuters

Pandora's strategy to fend off competition

Pandora's co-founder has returned with an unlikely goal: to create a company that makes money for both musicians and Wall Street.


Verizon, unions reach deal in principle for 4-year contract

Verizon had trained other workers to step in but there were still delays in installations for Fios customers. Verizon said that it had high health care costs for its unionized workers, which have shrunk as it sold off large chunks of its wireline unit and focused on its mobile business, which was not unionized. The president of the Communications Workers of...

Source: The Associated Press

UPDATE 2-U.S. expects more hurricanes as tropical storm brews off East Coast

May 27- U.S. meteorologists on Friday predicted the number of storms in the upcoming hurricane season will increase from years of below-average levels, as a weather system brewed off the East Coast potentially disrupting Americans' Memorial Day weekend. As Americans readied for the long weekend that marks the start of the U.S. summer, the U.S. National Oceanic...

Source: Reuters

Shark Tank Marathon Monday Promo

Kick off the summer with the biggest marathon. 13 hours of deals, drama and dough!


Verizon strike seen cutting 35,000 jobs off U.S. May payrolls

WASHINGTON, May 27- The strike by Verizon Communications Inc workers will likely trim U.S. nonfarm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday. The Verizon workers, including network technicians and customer service representatives in the company's Fios Internet, telephone and television services unit, walked off...

Source: Reuters

Airlines poised to take-off?

The "FMHR" traders and John Spallanzani, GFI Group, discuss positioning in airline stocks.