Posted on

Oil trades near session lows on report of snag in talks over OPEC deal

Oil futures fell toward the session’s lows on Tuesday after Reuters reported that the Organization of the Petroleum Exporting Countries will debate a plan to cut member-output, excluding Libya and Nigeria, by 4% to 4.5% at its meeting on Nov. 30. The news report, citing OPEC sources, also said the representatives of Iran, Iraq and Indonesia expressed reservations over their level of participation in the group’s deal. January West Texas Intermediate crude fell 80 cents, or 1.7%, to $47.44 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Huntington Bank Adding Ohio Jobs

The banking subsidiary of Huntington Bancshares Inc. is adding a thousand Ohio jobs. The additional staffing includes positions in mortgage banking.

A new 210,000-square-foot office complex is being developed in Columbus, Ohio, by The Huntington National Bank, a news release Tuesday said.

The announcement indicated that Huntington plans to invest $18.3 million in the new facility, which has been dubbed Huntington Gateway Center.

…read more

From:: Financing

Posted on

Ellie Mae chief financial officer Edgar Luce resigns

Ellie Mae, which has been on quite the roll from a revenue standpoint, will soon have a new chief financial officer, as the company’s current CFO, Edgar Luce, announced plans to resign. The announcement, which came via a filing with the Securities and Exchange Commission, doesn’t provide much detail on why Luce is stepping down, other than to say that his resignation takes effect on April 1, 2017. …read more

From:: Real Estate Wire

Posted on

Apple to discount products on Black Friday

Apple Inc. will offer discounts on some products and free two-day delivery on Black Friday. In an ad scant with details posted to its website late Monday, the company announced a “one-day shopping event” for Friday, Nov. 25. Apple does not say what products will be included in the daily deals, but the photo on the ad specifically features Apple Watch, while links to other “holiday gift collections” range from devices to music and photography. It even offers a slew of games and toys, such as small plastic robots. It’s unclear whether the iPhone 7 or iPhone 7S will be included, though the company has offered holiday deals on devices on past Black Friday events. Shares of Apple traded flat around $111.72 on Tuesday morning. They’re risen 3% in the past three months, virtually in line with the Dow Jones Industrial Average , but have underperformed on the year, declining by more than 6% while the index has increased by 6%. Last month, Apple reported its first ever annual decline in iPhone sales.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

9-Year High for Existing Home Sales

The annual rate of existing home sales climbed to the highest level in nearly a decade as home shoppers sought relief from the summer’s tight inventory.

Home buyers closed on the purchase of 446,000 pre-owned homes during October, including single-family homes, townhomes, condominiums and co-ops.

Existing home sales dropped from the previous month, when 486,000 units were sold, while a modest rise occurred from 444,000 sales a year previous.

…read more

From:: Financing

Posted on

SEC’s chief accountant to leave

WASHINGTON (MarketWatch) — The chief accountant of the Securities and Exchange Commission, James Schnurr, said he plans to retire from the agency. Schnurr had suffered a serious bicycle accident in April and is continuing rehabilitation. The former vice chairman of Deloitte became the SEC’s chief accountant in Oct. 2014. “Jim has been a strong leader–encouraging improvement in audit quality and working to facilitate other important goals, including consistent implementation and application of new accounting standards,” said SEC Chairwoman Mary Jo White. Wesley Bricker, who as interim chief accountant since July, will become the chief accountant.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Dow hits milestone 19,000 as stocks rise on Trump-induced euphoria

The Dow industrials on Tuesday traded above 19,000 for the first time ever–a milestone level for the blue-chip benchmark. The ascent for the Dow Jones Industrial Average which carved out a fresh record close of 18,956.69 less than 24 hours ago, comes as three other major stock-market benchmarks also hit historic highs, including the S&P 500 index , which was trading above 2,200, the Nasdaq Composite Index and the small-cap index Russell 2000 . A multisession rally for equities comes on the heels of President-elect Donald Trump’s surprising victory against Democrat Hillary Clinton. Trump’s proposals to deregulate certain markets, including banking, and rev up investing in the countries worn-out bridges, tunnels and roads has delivered a jolt to the broader equity market. MarketWatch’s William Watts touches on some of the stats related to the Dow’s historic move in this piece.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Dow hits 19,000 for the first time as stocks open higher

The Dow Jones Industrial Average opened opened higher, trading above 19,000 for the first time ever, while the S&P 500 traded above 2,200 shortly after the opening bell on Tuesday. The S&P 500 opened 5 points, or 0.2%, higher at 2,202. The Dow Jones Industrial Average added 45 points, or 0.2%, to 19,002. The Nasdaq Composite began the session up 16 points, or 0.3%, at 5,385.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News