Category: Stock Market News

A gunman who opened fire in a cinema complex in the town of Viernheim, south of Frankfurt, was shot dead by police, local newspaper Darmstaedter Echo reported Thursday. The man was reported by various media to have injured up to 50 people, although police later said the injuries were caused by pepper spray inhalation. The man had barricaded himself inside the building before the police arrived. Daily Bild said the interior minister of the state of Hesse has confirmed that the gunman had been shot dead.

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From:: Stock Market News

A gunman who opened fire in a cinema complex in the town of Viernheim, south of Frankfurt, was shot dead by police, local newspaper Darmstaedter Echo reported Thursday. The man was reported by various media to have injured up to 50 people, although police later said the injuries were caused by pepper spray inhalation. The man had barricaded himself inside the building before the police arrived. Daily Bild said the interior minister of the state of Hesse has confirmed that the gunman had been shot dead.

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.

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From:: Stock Market News

A gunman who opened fire in a cinema complex in the town of Viernheim, south of Frankfurt, was shot dead by police, local newspaper Darmstaedter Echo reported Thursday. The man was reported by various media to have injured up to 50 people, although police later said the injuries were caused by pepper spray inhalation. The man had barricaded himself inside the building before the police arrived. Daily Bild said the interior minister of the state of Hesse has confirmed that the gunman had been shot dead.

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.

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From:: Stock Market News

A masked man with a gun and an ammunition belt opened fire in a cinema complex Thursday in the German town of Viernheim, which is south of Frankfurt, according to German media reports. The man has injured between 20 and 50 people and has barricaded himself inside the cinema, according to German newspaper the Darmstaedter Echo. The daily Bild said that an elite police force from Frankfurt was headed toward the cinema complex, which is housed in the Rhein-Neckar-Zentrum mall.

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.

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From:: Stock Market News

Natural-gas futures turned lower Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 62 billion cubic feet for the week ended June 17. That was just above the average rise of 61 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.103 trillion cubic feet, up 618 billion cubic feet from a year ago and 678 billion cubic feet above the five-year average, the government said. July natural gas fell 2 cents, or 0.8%, to $2.657 per million British thermal units. It traded at $2.682 before the data.

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From:: Stock Market News

The Securities and Exchange Commission on Thursday said Merrill Lynch, a unit of Bank of America , agreed to settle charges it took advantage of customers and will pay a $415 million fine. The firm admitted that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors. Merrill Lynch violated the SEC’s Customer Protection Rule, according to the regulator, by misusing customer cash and engaging in complex options trades that lacked economic substance and artificially reduced those customer cash balances. From 2009 to 2012 Merrill Lynch used the billions freed up each week by the scheme to finance its own trading activities. Merrill Lynch exposed its customers to a massive shortfall in their account if those trades had failed. Between 2009 to 2015, Merrill Lynch also held up to $58 billion per day of customer securities in a clearing account that was vulnerable to creditor claims in the event the firm had collapsed. Merrill Lynch also violated securities laws, according to the order, by using severance agreements to prevent former employees from voluntarily providing information to the SEC. The violations were reported to the SEC by former employees who acted as whistleblowers, according to the SEC.

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From:: Stock Market News

Stocks opened firmly higher Thursday as investors bet that the U.K. will vote to remain in the European Union in Thursday’s landmark referendum. News that U.S. jobless claims tumbled to an eight-week low, signaling strength in the labor market, also boosted sentiment. The Dow Jones Industrial Average jumped 151 points, or about 0.9%, to 17,939, the S&P 500 index rose 16 points, or 0.8%, regaining the psychologically important 2,100 level, while the Nasdaq Composite Index climbed 38 points, or 0.8%, to 4,871. Stock futures and European stock indexes were rallying early Thursday as new polls on the British vote to exit the EU, dubbed Brexit, showed those leaning toward staying in the bloc gaining ground. The most recent survey from Ipsos Mori for the Evening Standard newspaper showed the “remain” camp swinging to a lead of 52%, compared with 48% of respondents who backed the “leave” side. Among stock movers, Macy’s Inc. is expected to be in the spotlight after announcing that Jeffrey Gennette will succeed Terry Lundgren as chief executive officer in the first quarter of 2017.

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From:: Stock Market News

Barnes & Noble Inc. has named Jaime Carey president of development and restaurant group, effective immediately, and Michael Ladd has been named vice president of stores, effective June 27. Carey, who joined the company in 2003 and has been chief operating officer since July 2015, will lead real estate development for the bookseller as well as the newly-created restaurant group. Barnes & Noble will open four new concept stores in fiscal 2017 featuring a restaurant menu that includes wine and beer. Ladd joins Barnes & Noble from Sears Holding Corp. where he was senior vice president and head of retail stores. At Barnes & Noble, he will be responsible for business growth, training, recruitment, and other duties. Barnes & Noble shares are up 3.3% in premarket trading, but down 40.4% for the past year. The S&P 500 is down 1.8% for the past 12 months.

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From:: Stock Market News

A Brexit poll released Thursday by market research firm Populus showed a lead for supporters who want the U.K to stay in the European Union. The online poll of 4,700 respondents put the “remain” camp at 55% compared with 45% for the “leave” side.

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From:: Stock Market News

Shares of Accenture PLC rose 0.8% in light premarket trade Thursday, after the business consulting company beat fiscal third-quarter revenue expectations, while matching profit forecasts. For the quarter ended May 31, earnings rose to $939.8 million, or $1.41 a share, from $840.0 million, or $1.24 a share, in the same period a year ago. The FactSet consensus for earnings per share was $1.41. Total revenue grew to $8.97 billion from $8.28 billion, above the FactSet consensus of $8.75 billion, as 9% growth in revenue before reimbursements to $8.43 billion exceeded expectations of $8.29 billion. New bookings totaled $9.1 billion. The company expects current-quarter revenue before reimbursements of $8.25 billion to $8.50 billion, surrounding the FactSet consensus of $8.35 billion. The stock has run up 14% year to date through Wednesday, while the S&P 500 has gained 2%.

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From:: Stock Market News