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5:41a.m.

Fitch Cuts Ukraine's Ratings On Weak Economic Outlook

BRUSSELS (dpa-AFX) - Fitch Ratings downgraded Ukraine's sovereign ratings by one notch as the nation is part-way through a political transition and disputes with Russia dampen economic outlook. The rating agency on Friday lowered Ukraine's local currency rating to 'CCC' from 'B-' and affirmed foreign currency rating at 'CCC'. Fitch said that instability [...]
12:36a.m.

Google Acquires Gecko Design In California

MOUNTAIN VIEW (dpa-AFX) - Internet Search Engine giant Google Inc (GOOG) acquired Gecko Design Inc. that focuses on special industrial designs. The financial terms of the deal is not disclosed. The Northern California based Gecko was founded in 1996 and focuses on consumer electronic products. Jacques Gagnes, president of Gecko and its four employees [...]
08/22/14

Pershing Square Submits Written Requests For Allergan Special Meeting

OTTAWA (dpa-AFX) - William Ackman's Pershing Square Capital LP said on Friday it submitted written requests from 31 percent of Allergan Inc (AGN) stockholders that the botox maker call for a special meeting. According to the hedge fund, the special meeting of Allergan stockholders would discuss among other things, a rejig of the Allergan board as well [...]
08/22/14

Goldman To Repurchase RMBS For $3.15 Bln To Settle FHFA Claims

NEW YORK CITY (dpa-AFX) - Goldman Sachs Group, Inc. (GS) said Friday that Goldman, Sachs & Co. has reached agreements with the Federal Housing Finance Agency to resolve all federal and state securities law claims brought by the agency with respect to residential mortgage-backed securities purchased by Fannie Mae and Freddie Mac over the 2005-2007 period. [...]
08/22/14

Major Averages Close Mixed Following Lackluster Trading Day

WASHINGTON (dpa-AFX) - After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance. The choppy trading on Wall Street came on the heels [...]
08/22/14

Actavis Confirms Patent Challenge For Generic Neupro

WASHINGTON (dpa-AFX) - Actavis plc (ACT) confirmed Friday that it has filed an Abbreviated New Drug Application with the U.S. Food and Drug Administration seeking approval to market Rotigotine Extended-release Transdermal Film, 1 mg/24 hr, 2mg/24 hr, 3 mg/24hr, 4 mg/24 hr, 6mg/24hr, and 8 mg/24 hr. Actavis' ANDA product is a generic version of UCB's [...]
08/22/14

Treasuries Close Nearly Flat Following Choppy Trading Day

WASHINGTON (dpa-AFX) - Treasuries showed a lack of direction throughout the trading day on Friday before eventually ending the session nearly flat. Bond prices spent much of the session bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a [...]
08/22/14

DGAP-News: MIFA: Reorganisation has reached the home straight (english)

MIFA: Reorganisation has reached the home straight DGAP-News: MIFA Mitteldeutsche Fahrradwerke AG / Key word(s): Agreement MIFA: Reorganisation has reached the home straight 22.08.2014 / 21:16 --------------------------------------------------------------------- MIFA: Reorganisation has reached the home straight Sangerhausen, 22 August 2014 - As [...]
08/22/14

DGAP-Adhoc: MIFA: Basic agreement for financial restructuring signed (english)

MIFA: Basic agreement for financial restructuring signed MIFA Mitteldeutsche Fahrradwerke AG / Key word(s): Agreement 22.08.2014 21:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- [...]
08/22/14

Crude Oil Ends Lower On Demand Growth

WASHINGTON (dpa-AFX) - U.S. crude oil ended lower Friday on demand growth concerns, despite some recent upbeat economic data out of the U.S. and a bigger than expected decline in U.S. crude oil stockpiles last week. Renewed concerns of a slowdown in China and the resumption of oil shipments from Libya weighed on crude oil, with worries centered around an [...]
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