Gini Olom

Rabu, 08 Januari 2020

Stocks shake off Iranian missile strikes; Dow gains capped by Boeing - MarketWatch

U.S. stocks recovered from overnight losses and were edging higher Wednesday morning, in the aftermath of attacks by Iran’s Islamic Revolutionary Guard Corps that were in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by U.S. forces.

However, the Dow’s gains were blunted after a Boeing Co. jet operated by Ukraine International Airlines crashed shortly after takeoff from Tehran on Wednesday.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.11% rose 44 points, or 0.2%, to 28,622, the S&P 500 index SPX, +0.14% gained 9 points, or 0.3%, at 3,246, and the Nasdaq Composite Index COMP, +0.07% was up 26 points, or 0.3%, at 9,095.

On Tuesday, the Dow shed 119.70 points, or 0.4%, at 28,583.6, while the S&P 500 lost 9.10 points, 0.3%, at 3,237.18. The Nasdaq Composite Index gave up 2.88 points, or less than 0.1%, at 9,068.58.

Read: What stock market investors need to know about intensifying U.S.-Iran tensions

What’s driving the market?

Mideast tensions were in focus as Iran delivered what is being described as a measured response to the killing of a top general by the U.S. Iranian Supreme Leader Ayatollah Ali Khamenei vowed further retaliation for the U.S.’s killing of Soleimani, hours after striking military bases in Iraq that house U.S. forces, The Wall Street Journal reported.

Tehran’s military response, firing more than a dozen missiles at U.S. military bases in Iraq at Al Asad and Erbil, briefly rattled financial markets in after-hours trade, but the moves in stocks, bonds, and commodities quickly moderated as investors reassessed the chances of a broader conflict.

Fears were tempered by tweets from Iran’s foreign minister, Javad Zarif, who said via Twitter that Iran didn’t seek further escalation, but would “defend ourselves against any aggression.” Meanwhile, President Donald Trump tweeted his own upbeat message, downplaying the severity of the strikes.

“Markets initially reacted [to the attacks] in classic risk-off fashion, with Asian stock markets getting hammered and Wall Street futures falling sharply, as safe havens such as the Japanese yen and gold roared higher,” wrote Marios Hadjikyriacos Investment Analyst at XM, in a Wednesday note.

“Yet, these moves retraced in the following hours,” he added. “Much of this market serenity is owed to both sides signaling they don’t want to escalate matters any further.”

President Trump is scheduled to deliver remarks on the conflict at 11 a.m. Eastern Time, the White House said.

Meanwhile, investors were parsing private-sector employment data from payroll firm Automatic Data Processing Inc., which estimated that employers added 202,000 new jobs in December, above the 157,000 expected by analysts polled by Econoday.

Which stocks were in focus?

Shares of Boeing BA, -1.79% were 1.8% lower after a 737 airplane—not the 737 MAX aircraft that crashed twice and has been grounded—suffered a fatal crash shortly after takeoff in Tehran en route to Kyiv, Ukraine, killing all 167 passengers and nine crew members on board. Boeing’s losses were responsible for a roughly 41-point drag on the Dow Jones Industrial Average.

Lennar Corp.’s stock LEN, +3.55% rose 4.4% after it released better-than-forecast fiscal fourth-quarter results.

Shares of Walgreens Boots Alliance Inc. WBA, -6.32% slid 6.2% Wednesday, after the pharmacy chain’s fiscal first-quarter earnings fell more than analysts expected, while sales growth also fell short.

Constellation Brands Inc. STZ, +1.02% also reported results Wednesday morning, with fiscal third-quarter revenue and earnings rising more than Wall Street forecasts. The beer, wine and spirits company also raised its outlook for the full year, and it’s stock rose 0.7% Wednesday morning.

Macy’s Inc. M, -0.31% shares gained 1.1% early Wednesday, after the department-store retailer reported sales results for the holiday period of November and December.

How are other markets trading?

Oil futures erased big gains overnight to trade lower. West Texas Intermediate crude for February delivery CLG20, -2.03% was off 57 cents, or 0.9%, at $62.13 a barrel after the U.S. benchmark oil settled 0.9% lower on Tuesday.

Gold was trading slightly higher, hovering near its highest level since 2013, amid the Middle East tensions. February gold GCG20, +0.05% was up $2.90, or 0.2% to $1577.20.

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, -0.91% was at 1.81%, down about 1 basis point during Wednesday trade.

The U.S. dollar was 0.1% higher at 97.15, versus a basket of six international currencies as measured by the ICE U.S. Dollar Index DXY, +0.15%.

In Asia overnight, the CSI 3000 000300, -1.15% closed 1.1% lower, while Japan’s Nikkei 225 NIK, -1.57% lost 1.6%. Hong Kong’s Hang Seng HSI, -0.83% shed 0.8%.

In Europe, the FTSE 100 FTSE, -0.44% was trading little-changed, while the pan-European Stoxx Europe 600 SXXP, +0.14% was up 0.2%.

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMijQFodHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vc3RvcnkvZG93LWZ1dHVyZXMtdW5kZXItcHJlc3N1cmUtYWZ0ZXItYm9laW5nLWNyYXNoLWJ1dC1zdG9ja3MtYWltLXRvLXNoYWtlLW9mZi1pcmFuaWFuLW1pc3NpbGUtc3RyaWtlLTIwMjAtMDEtMDjSAU9odHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2d1aWQvNjUyOUZGRUUtMzIwQS0xMUVBLTg3RDMtMkYwREZENUQzMThC?oc=5

2020-01-08 15:21:00Z
52780543683861

Ex-Nissan boss Carlos Ghosn claims Japanese prosecutors leaked false information, hid evidence - CNBC

Former Nissan Chairman Carlos Ghosn, in his first public appearance since fleeing Japan, accused the country's prosecutors on Wednesday of trying to force a flawed confession.

In an internationally broadcast news conference in Beirut, Ghosn said that while he was under arrest he was questioned for up to eight hours a day, without access to lawyers, and was told his family would suffer if he didn't confess.

""Just confess and it will be over. Not only will we go after you, and we will go after your family,'" the 65-year-old Ghosn said he was told.

Without elaborating, the ex-auto exec also said Japanese prosecutors had leaked false information to the media and concealed evidence that would have helped his case. Japanese prosecutors had no immediate response to Ghosn's comments.

Ghosn was arrested in November 2018 on charges of underreporting his salary, using Nissan money for private investments and employing his sister as a highly paid consultant. He denies wrongdoing.

He escaped from house arrest on Dec. 29 and was flown on a stealth journey that eventually took him to Lebanon, where he has citizenship.

He told reporters he had looked forward to Wednesday's opportunity to speak for more than 400 days after he had been "ripped from my family, friends, communities, from Renault, Nissan and Mitsubishi and the 450,000 women and men who comprised those companies."

Carlos Ghosn, former chief executive officer of Nissan Motor Co. and Renault SA, gestures as he speaks to the media at the Lebanese Press Syndicate in Beirut, Lebanon, on Wednesday, Jan. 8,. 2020. Ripped from my family, my friends, my communities, from Renault, Nissan and Mitsubishi and the 450,000 women and men who comprise those companies. It is impossible to express the depth of that deprivation and my profound appreciation to once again be able to be reunited with my family and loved ones, Ghosn said. Photographer: Hasan Shaaban/Bloomberg via Getty Images

Hasan Shaaban/Bloomberg via Getty Images

Ghosn has suggested that his arrest was the result of a plot to prevent him from fully merging Nissan with French automaker Renault.

"I was ready to retire before June 2018. ... I unfortunately accepted this offer to continue to integrate the two companies," Ghosn said. "Some of my Japanese friends thought that the only way to get rid of the influence of Renault on Nissan was to get rid of me."

Hitoshi Kawaguchi, who previously handled government affairs for Nissan; Hidetoshi Imazu, the auto firm's statutory auditor; and board member Masakazu Toyoda were identified by Ghosn as the three main people behind a plot to topple him.

"With the strings being pulled and manipulated by those dead set on securing a confession or conviction whose only goal is to save face, the facts, truth and justice are irrelevant to these individuals," he said.

A spokesperson for Nissan was not immediately available for comment when contacted by CNBC.

The former executive also accused the Japanese prosecution of working closely with Nissan. "The collusion between Nissan and the prosecutor is everywhere," he said.

Ghosn, who also holds French and Brazilian citizenship, made his dramatic escape from Japan while awaiting trial in Tokyo. He had been released from prison last April after posting a $14 million bail.

Ghosn reportedly took Japan's bullet train from Tokyo to western Osaka, before using a private jet to ferry himself to Istanbul and then switching planes to travel on to the Lebanese capital.

Lebanon, which has no extradition treaty with Japan, has said Ghosn entered the country legally.

Interpol, the international police cooperation body, has issued a "red notice" for Ghosn's arrest but so far Lebanese authorities have taken no action.

Ghosn said his decision to escape was not difficult.

"You're going to die in Japan or you have to get out," he said.

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMibGh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMjAvMDEvMDgvY2FybG9zLWdob3NuLWV4LW5pc3Nhbi1ib3NzLWNsYWltcy1wcm9zZWN1dG9ycy1sZWFrZWQtZmFsc2UtaW5mb3JtYXRpb24uaHRtbNIBcGh0dHBzOi8vd3d3LmNuYmMuY29tL2FtcC8yMDIwLzAxLzA4L2Nhcmxvcy1naG9zbi1leC1uaXNzYW4tYm9zcy1jbGFpbXMtcHJvc2VjdXRvcnMtbGVha2VkLWZhbHNlLWluZm9ybWF0aW9uLmh0bWw?oc=5

2020-01-08 13:30:00Z
52780541824700

Stocks shake off Iranian missile strikes; Boeing crash weighs on Dow - MarketWatch

U.S. stocks recovered from overnight losses Wednesday morning and were edging higher at the start of trade, in the aftermath of attacks by Iran’s Islamic Revolutionary Guard Corps that were in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by the Pentagon.

However, the Dow moved lower after a Boeing Co. jet operated by Ukraine International Airlines crashed shortly after takeoff from Tehran on Wednesday.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.11% fell 6 points, or less than 0.1%, at 28,580, the S&P 500 index SPX, +0.28% gained 6 points, or 0.2%, at 3,243, while the Nasdaq Composite index COMP, +0.33% was up 15 points, or 0.2%, at 9,085.

On Tuesday, the Dow shed 119.70 points, or 0.4%, at 28,583.6, while the S&P 500 lost 9.10 points, 0.3%, at 3,237.18. The Nasdaq Composite Index gave up 2.88 points, or less than 0.1%, at 9,068.58.

Read: What stock market investors need to know about intensifying U.S.-Iran tensions

What’s driving the market?

Mideast tensions ratcheted higher as Iran delivered what is being described as a measured response to the killing of a top general by the U.S. Iranian Supreme Leader Ayatollah Ali Khamenei vowed further retaliation for the U.S.’s killing of Soleimani, hours after striking military bases in Iraq that house U.S. forces, the Wall Street Journal reported.

“Yet, these moves retraced in the following hours,” he added. “Much of this market serenity is owed to both sides signaling they don’t want to escalate matters any further.”

President Trump is expected to deliver remarks on the standoff at 11 a.m. Eastern Time, the White House said.

Which stocks were in focus?

Shares of Boeing BA, -1.69% were 1.6% lower after a 737 airplane—not the 737 MAX aircraft that crashed twice and has been grounded—suffered a fatal crash shortly after takeoff in Tehran en route to Kyiv, Ukraine killing all 167 passengers and nine crew members on board. Boeing’s losses were responsible for a roughly 34-point drag on the Dow Jones Industrial Average.

Lennar Corp.’s stock LEN, +4.80% rose 3.9% after it released better-than-forecast fiscal fourth-quarter results.

Shares of Walgreens Boots Alliance Inc. WBA, -6.75% slid 5.7% Wednesday, after the pharmacy chain’s fiscal first-quarter earnings fell more than analysts expected, while sales growth also fell short.

Constellation Brands Inc. STZ, -0.42% also reported results Wednesday morning, with fiscal third-quarter revenue and earnings rising more than Wall Street forecasts. The beer, wine and spirits company also raised its outlook for the full year, and it’s stock rose 2% Wednesday morning.

Macy’s Inc. M, +0.71% shares gained 4.2% early Wednesday, after the department-store retailer reported sales results for the holiday period of November and December.

How are other markets trading?

Oil futures pared big gains overnight to face more muted trade. West Texas Intermediate crude for February delivery CLG20, -0.96% was off 57 cents, or 0.9%, at $62.13 a barrel after the U.S. benchmark oil settled 0.9% lower on Tuesday.

Gold was trading slightly higher, hovering near its highest level since 2013, amid the Middle East tensions. February gold GCG20, -0.06% was up $2.90, or 0.2% to $1577.20.

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +0.00% was at 1.81%, down about 1 basis point during Wednesday trade.

The U.S. dollar was 0.1% higher at 97.15, versus a basket of six international currencies as measured by the ICE US Dollar index DXY, +0.17%.

In Asia overnight, the CSI 3000 000300, -1.15% closed 1.1% lower, while Japan’s Nikkei 225 NIK, -1.57% lost 1.6%. Hong Kong’s Hang Seng HSI, -0.83% shed 0.8%.

In Europe, the FTSE 100 FTSE, -0.44% was trading little-changed, while the pan-European Stoxx Europe 600 SXXP, -0.01% was up 0.2%.

Let's block ads! (Why?)

Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Global News

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMiK2h0dHBzOi8vd3d3LnlvdXR1YmUuY29tL3dhdGNoP3Y9ZWExVG02V1JUU03SAQA?oc=5

2020-01-08 12:53:53Z
52780541824700

Carlos Ghosn will hold a press conference: Live updates - CNN

Carlos Ghosn wasted no time attacking the Japanese justice system after he fled the country last week, but he has remained tight-lipped about the circumstances behind his escape.

There has been plenty of speculation, and several media outlets have floated theories about how he left Japan. CNN Business has been unable to confirm details of the escape.

The governor of Istanbul, though, said last week that Turkish police had detained seven people in connection with an investigation into Ghosn's "illegal escape" from Japan. Anadolu news agency said that Ghosn traveled via the city's Ataturk airport.

Flight tracker Flightradar24 showed a private jet flying from Osaka, Japan, to Istanbul and then another continuing to Lebanon at the time Ghosn is said to have arrived in the country.

Then on Friday, the Turkish company MNG Jet, which charters private planes, said a rogue employee aided with Ghosn's escape. The company said that two of its jets were used "illegally" to transport Ghosn without the knowledge of company management, and added that it has filed a criminal complaint.

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMiXGh0dHBzOi8vd3d3LmNubi5jb20vYnVzaW5lc3MvbGl2ZS1uZXdzL2Nhcmxvcy1naG9zbi1wcmVzcy1jb25mZXJlbmNlLWxpdmUtdXBkYXRlcy9pbmRleC5odG1s0gFgaHR0cHM6Ly9hbXAuY25uLmNvbS9jbm4vYnVzaW5lc3MvbGl2ZS1uZXdzL2Nhcmxvcy1naG9zbi1wcmVzcy1jb25mZXJlbmNlLWxpdmUtdXBkYXRlcy9pbmRleC5odG1s?oc=5

2020-01-08 11:42:00Z
52780541824700

Macy's closing another Massachusetts store - WCVB Boston

[unable to retrieve full-text content]

Macy's closing another Massachusetts store WCVB Boston
Macy's is reportedly closing more than two dozen stores. Is your location on the list? USA TODAY
Macy’s reportedly closing dozens of stores, including 1 in Massachusetts Boston News, Weather, Sports | WHDH 7News
Meriden Mall Anchor Store To Close Meriden, CT Patch
Macy's is closing at least 15 stores. Here's the full list msnNOW
View full coverage on Google News

https://news.google.com/__i/rss/rd/articles/CBMiT2h0dHBzOi8vd3d3LndjdmIuY29tL2FydGljbGUvbWFjeXMtY2xvc2luZy1hbm90aGVyLW1hc3NhY2h1c2V0dHMtc3RvcmUvMzA0NDAxNTLSAVNodHRwczovL3d3dy53Y3ZiLmNvbS9hbXAvYXJ0aWNsZS9tYWN5cy1jbG9zaW5nLWFub3RoZXItbWFzc2FjaHVzZXR0cy1zdG9yZS8zMDQ0MDE1Mg?oc=5

2020-01-08 11:18:00Z
52780542877836

Ghosn lawyers blast Nissan before much-anticipated news conference - CNBC

Fugitive ex-Nissan chief Carlos Ghosn's lawyers opened fire on the car maker on Wednesday, hours before he was scheduled to hold a highly anticipated news conference, accusing it of using a "flawed, biased" internal probe to engineer his arrest.

The international legal team said in a statement that Nissan Motor was trying to prevent Ghosn from more closely integrating the Japanese company and its French alliance partner Renault SA, which he also formerly headed.

Ghosn's Japanese lawyers, meanwhile, despite their client having vanished from the country on Dec. 29, blocked Tokyo prosecutors from seizing a computer Ghosn had used.

The once-feted executive, who was awaiting trial in Tokyo on charges of financial misconduct and is now in Lebanon which has no extradition treaty with Japan, was allowed to use internet-only under his lawyers' supervision under his bail conditions.

Based on attorney-client privilege, "we refused to allow them access to the (local lawyers') office and asked them to leave", said an official with the Tokyo law firm.

Ghosn has said that he fled a "rigged" Japanese justice system after authorities delayed his trial into 2021.

His daring escape involved slipping away from his Tokyo residence, crossing Japan on a bullet train and being smuggled onto charter jets that delivered him from Osaka to his childhood home of Lebanon via Istanbul.

Ghosn is expected to hold a news conference in Beirut at 10 p.m. Japan time (1300 GMT). He has spoken in his defense in court and issued a video statement of his innocence since his initial arrest in November 2018, but has not spoken openly with reporters or otherwise publicly defended himself.

Ghosn has said he will fight to restore his reputation.

His international lawyers said Nissan "never once" tried to interview the executive or share with him evidence it had accumulated against him.

Turkish and Japanese authorities are investigating how Ghosn was smuggled out to Beirut. Interpol has issued a "red notice" seeking his arrest.

Japanese authorities on Monday issued an arrest warrant for Ghosn's wife, Carole, for alleged perjury in connection with her husband's financial dealings.

Carole told French newspaper Le Parisien that Japanese prosecutors were "hoping to put pressure on my husband" ahead of his press conference in Lebanon.

The statement from Ghosn's legal team seeks to focus attention on his claim that he was the victim of a coup by Nissan executives who opposed giving up more authority to Renault.

'Perversion of the truth'

Nissan said an internal investigation found that Ghosn had engaged in personal use of company money and had under-reported his income in violation of Japanese law.

Ghosn's lawyers said Nissan's claim of "a robust, thorough internal investigation" is a "gross perversion of the truth".

The investigation "was initiated and carried out for the specific, predetermined purpose of taking down Carlos Ghosn to prevent him from further integrating Nissan and Renault, which threatened the independence of Nissan", the lawyers wrote.

Ghosn has denied all charges against him, saying he was the victim of "backstabbing" and "conspiracy" by Nissan executives.

Ghosn's legal team also accused Nissan of allowing Hari Nada, an executive "whose own conduct was the subject of the investigation", to run the probe of Ghosn.

The statement also charged that Latham & Watkins, the law firm that assisted Nissan's investigation, was not independent because it has long acted as outside counsel for the company.

Ghosn's lawyers said Nissan's investigation failed to uncover evidence that then-CEO Hiroto Saikawa had also benefited from improper compensation.

Saikawa resigned last year after admitting he had been overpaid in violation of internal procedures.

Nissan said it had no further comment on its Tuesday statement.

In the past, the automaker has said it cannot comment on the specifics of the investigation since the company itself was also the subject of a criminal investigation.

Japan's ambassador to Lebanon, Takeshi Okubo, met Lebanese President Michel Aoun on Tuesday, calling Ghosn's flight to Lebanon "deeply regrettable" and requesting cooperation from Beirut, according to a Japanese foreign ministry statement.

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMiZGh0dHBzOi8vd3d3LmNuYmMuY29tLzIwMjAvMDEvMDgvZmxhd2VkLWJpYXNlZC1naG9zbi1sYXd5ZXJzLWJsYXN0LW5pc3Nhbi1iZWZvcmUtbmV3cy1jb25mZXJlbmNlLmh0bWzSAWhodHRwczovL3d3dy5jbmJjLmNvbS9hbXAvMjAyMC8wMS8wOC9mbGF3ZWQtYmlhc2VkLWdob3NuLWxhd3llcnMtYmxhc3Qtbmlzc2FuLWJlZm9yZS1uZXdzLWNvbmZlcmVuY2UuaHRtbA?oc=5

2020-01-08 10:37:00Z
52780541824700