Real-time equity news
U.S. stock market report
0754 ET 2Sept2010
SEC probes cancelled trades in flash crash: WSJ
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday.
The Securities and Exchange Commission (SEC) is analyzing whether the trading practice -- known as 'quote stuffing' -- is placing some investors at a disadvantage by distorting stock prices, the Journal said citing people familiar with the matter.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0740 ET 2Sept2010
Futures edge up ahead of jobless, housing data
U.S. stock index futures edged higher on Thursday after Wall Street's best day in eight weeks and ahead of jobless claims and pending home sales data.
For details, see
S&P 500 futures dipped 0.4 point and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 17 points, and Nasdaq 100 futures rose 3 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0731 ET 2Sept2010-K
Sea to sell units to raise $100 mln
K-Sea Transportation Partners LP, which raised covenant-breach concerns in April, said it would raise up to $100 million via a sale of preferred units and amended its credit facility and term loans.
KA First Reserve agreed to buy about 18.4 million convertible preferred units of K-Sea, it said in a statement.
For details, see
Shares of K-Sea closed Wednesday at $4.15.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0721 ET 2Sept2010
Merck postpones closure of Dutch operations
U.S. drugmaker Merck & Co postponed on Thursday the planned closures of some Dutch operations announced in July while it negotiates with executives and workers on potential alternatives.
The last-minute deal averts a court hearing that had been scheduled for Thursday afternoon, at which employees of the Dutch unit, formerly called Organon, would have attempted to block the closures.
For details, see
Shares of Merck, a Dow component, closed Wednesday at $35.62.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 2Sept2010
Crude oil edges lower ahead of jobs data
October crude futures were lower on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
For details, see
The contract fell 0.4 percent to $73.58 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 ET 2Sept2010
Delta says Aug air traffic strong, yen helps
Delta Air Lines Inc has seen very strong traffic on its flights in August, helped in part by a stronger yen that spurred more Japanese to take overseas trips, its company president said on Thursday.
'It has been an important contributor to our recovery from the economic recession we have seen this past year,' Delta President Edward Bastian told reporters in Tokyo.
For details, see
Shares of Delta closed Wednesday at $10.68.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stock market report
0754 ET 2Sept2010
SEC probes cancelled trades in flash crash: WSJ
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second, only to be canceled almost immediately, the Wall Street Journal reported on Thursday.
The Securities and Exchange Commission (SEC) is analyzing whether the trading practice -- known as 'quote stuffing' -- is placing some investors at a disadvantage by distorting stock prices, the Journal said citing people familiar with the matter.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0740 ET 2Sept2010
Futures edge up ahead of jobless, housing data
U.S. stock index futures edged higher on Thursday after Wall Street's best day in eight weeks and ahead of jobless claims and pending home sales data.
For details, see
S&P 500 futures dipped 0.4 point and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 17 points, and Nasdaq 100 futures rose 3 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0731 ET 2Sept2010-K
Sea to sell units to raise $100 mln
K-Sea Transportation Partners LP, which raised covenant-breach concerns in April, said it would raise up to $100 million via a sale of preferred units and amended its credit facility and term loans.
KA First Reserve agreed to buy about 18.4 million convertible preferred units of K-Sea, it said in a statement.
For details, see
Shares of K-Sea closed Wednesday at $4.15.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0721 ET 2Sept2010
Merck postpones closure of Dutch operations
U.S. drugmaker Merck & Co postponed on Thursday the planned closures of some Dutch operations announced in July while it negotiates with executives and workers on potential alternatives.
The last-minute deal averts a court hearing that had been scheduled for Thursday afternoon, at which employees of the Dutch unit, formerly called Organon, would have attempted to block the closures.
For details, see
Shares of Merck, a Dow component, closed Wednesday at $35.62.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 2Sept2010
Crude oil edges lower ahead of jobs data
October crude futures were lower on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
For details, see
The contract fell 0.4 percent to $73.58 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 ET 2Sept2010
Delta says Aug air traffic strong, yen helps
Delta Air Lines Inc has seen very strong traffic on its flights in August, helped in part by a stronger yen that spurred more Japanese to take overseas trips, its company president said on Thursday.
'It has been an important contributor to our recovery from the economic recession we have seen this past year,' Delta President Edward Bastian told reporters in Tokyo.
For details, see
Shares of Delta closed Wednesday at $10.68.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.