UPDATE 11-Oil falls with Wall Street but U.S. crude posts another weekly gain NEW YORK, Sept 4- Crude futures fell about 2 percent on Friday as traders shrugged off a drop in the number of U.S. rigs drilling for oil and focused instead on a supply glut and declining stock prices on Wall Street. "I get the feeling the longs do not want to wait out the three-day weekend," said Tariq Zahir, a trader in crude oil spreads at Tyche Capital Advisors in Laurel...
| By: Barani Krishnan
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
US STOCKS-Wall Street caps off tough week with a steep loss *Caterpillar falls after broker downgrade. *Microsoft drags down S&P 500. It was an okay jobs report, but there's worry about China going into the weekend, "said John Augustine, chief investment officer, Huntington Trust in Columbus, Ohio.
| By: Noel Randewich
Fed proof your portfolio Dissecting the last time rates rose and what traders bought with Fast Money's Steve Grasso and the Fast Money traders.
REFILE-TREASURIES-Longer-dated prices rise after U.S. employment data NEW YORK, Sept 4- U.S. medium- and long-dated Treasuries prices rose on Friday, while prices for short-dated notes were mostly flat, after U.S. monthly employment data bolstered the case for the Federal Reserve to hike interest rates later this month. Nonfarm payrolls increased 173,000 last month, a slowdown from July's upwardly revised gain of 245,000 and the...
| By: Sam Forgione
Home decorating retailer At Home files for IPO NEW YORK- At Home Group, a chain of stores that sells furniture, rugs and other home goods, said Friday that it plans to become a publicly-traded company. At Home expects to list its stock on the New York Stock Exchange under the ticker symbol "HOME." The company reported a loss of $436,000 in the year ending Jan. 31, 2015, narrower than its loss of $22.3 million the...
Source: The Associated Press
UPDATE 1-McGraw-Hill Education files to go public The company, owned by private equity firm Apollo Global Management LLC, did not name the underwriters for the IPO in its filing with the U.S. Securities and Exchange Commission. Reuters reported earlier this week that McGraw-Hill Education has hired Credit Suisse Group AG and Morgan Stanley to lead the IPO, expected to value the company at between $5 billion and...