• Gillibrand sends Trump campaign contributions to anti-sexual-violence group December 17, 2017
    Sen. Kirsten Gillibrand has sent to the anti-sexual-violence organization RAINN a sum equaling the contributions made in 2007 and 2010 to Gillibrand's campaign funds by Donald Trump, the New York Daily News reported, saying a spokesman for the New York Democrat had confirmed the development. Gillibrand found herself in a war of words late this week with […]
  • Democrat Schumer vows to push for Senate vote on net neutrality: report December 16, 2017
    Senate Minority Leader Chuck Schumer said Friday he would use the Congressional Review Act as a vehicle to force a Senate vote on the Federal Communications Commission's repeal this week of Obama-era rules on net neutrality, according to a Reuters report. Those rules barred internet service providers from discriminating against content, content provider […]
  • Procter & Gamble confirms Nelson Peltz will get a board seat December 15, 2017
    Procter & Gamble Co. shares ticked higher in the extended session Friday after the consumer goods company certified that activist investor Nelson Peltz secured a seat on its board. P&G shares rose 0.8% to $92.58 after hours. In a statement, P&G said "results between Ernesto Zedillo and Nelson Peltz were extremely close, with Mr. Peltz receiv […]
  • Fitch upgrades Portugal credit rating to investment grade December 15, 2017
    Fitch Ratings hiked Portugal's credit rating two notches to BBB, returning it to investment-grade status. Large institutional investors like pension funds are often required to abstain from buying bonds ranked below investment-grade. The move would also make its sovereign paper eligible for entry in benchmark bond indexes and could, therefore, draw bill […]
  • Campbell Soup in 'advanced talks' to buy Snyder's-Lance: report December 15, 2017
    Campbell Soup Co. is in "advanced talks" to buy snack maker Snyder's-Lance Inc. , CNBC reported late Friday, citing sources familiar with the potential deal. The acquisition could be announced as early as next week and would be Campbell's largest, the report said. The deal could be delayed or fall apart, the sources said. It would value S […]
  • All main stock indexes close at records ahead of GOP tax bill draft December 15, 2017
    All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been sensitive to developments from Capitol Hill on the tax bill and any news that is viewed as a step closer to enact […]
  • Corker says he'll vote 'yes' on Republican tax bill December 15, 2017
    Sen. Bob Corker said Friday he'll vote for the final version of the Republican tax bill. The Tennessee Republican was the only senator from his party to vote against the Senate's version of the measure. He said in a statement, "I believe that this once-in-a-generation opportunity to make U.S. businesses domestically more productive and interna […]
  • Intel's stock surges back above 50-day MA, paces Dow gainers amid broad chip sector rally December 15, 2017
    Intel Corp.'s stock surged 3.4% to pace the Dow Jones Industrial Average's gainers, and to bounce back above the widely-watched 50-day moving average line, amid a broad rally in the semiconductor sector. The stock had been hovering just above the 50-day MA line, which chart watchers use as a guide to the short-term trend, for about a week until clo […]
  • Oil prices settle higher, but post third straight weekly decline December 15, 2017
    Oil prices settled higher Friday, but tallied a loss for a third straight week, on the back of ongoing concerns over growth in U.S. crude production. "The driving force behind oil markets remains [the Organization of the Petroleum Exporting Countries'] rebalancing act," said Adrienne Murphy, chief market analyst at AvaTrade. "OPEC-led cut […]
  • Sirius' stock sinks on heavy volume after CRB raises royalty payment rate December 15, 2017
    Shares of Sirius XM Holdings Inc. sank 5.8% in very active trade Friday, after the company disclosed that it will have pay higher royalties to play music on its satellite radio programs. Volume ballooned to 74.2 million shares, compared with the full-day average of 16.3 million shares, and enough to make the stock the most actively trade on major U.S. exchan […]