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1054 ET 02July2009-US to give details on reforms next week
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The Obama administration is aiming to release next week detailed
legislative language for its proposals on corporate governance, shareholder
rights, and derivatives regulation, a source familiar with government plans
said Thursday.
The U.S. Securities and Exchange Commission is helping draft the
legislative proposal for corporate governance and shareholder rights, which is
expected to be released on July 9, the source said, speaking anonymously
because the plans are not public.
For details, see [ID:nWEN0206]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1050 ET 02July2009-Carnival offers London-listed shares, stock falls
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Shares of Carnival Corp & Plc (CCL.N) fell on Thursday, after the company
said it was offering up to 25 million newly-issued common shares listed on the
London Stock Exchange.
The cruise ship operator intends to use the proceeds from the offering to
buy common stock of Carnival Corp, which is traded on the New York Stock
Exchange, and for general corporate purposes.
For details, see [ID:nN027992]
Shares of Carnival fell 3.4 percent to $25.40 on the New York Stock
Exchange while peer company Royal Caribbean (RCL.N) was off 4.6 percent to
$13.59.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1040 ET 02July2009-MasterCard to prepay obligations under settlement
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MasterCard Inc (MA.N) on Thursday agreed to prepay its obligations under a
legal settlement with U.S. merchants. It will received a 16 percent discount.
The prepayment will be made on Sept. 30.
MasterCard will pay $335 million to settle obligations through 2012
totaling $400 million, the credit card company said on Thursday.
For details, see [ID:nN02380861]
Shares of MasterCard rose 0.5 percent to $166.58.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1037 ET 02July2009-Markets sink after jobs data
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Major U.S. indexes dropped on Thursday, falling after payrolls data showed
more Americans than expected lost their jobs in June, dimming hopes of a quick
economic recovery.
Sentiment was also pressured as the price of crude oil fell.
For details, see [ID:nN0222961]
The Dow Jones industrial average .DJI fell 2 percent to 8,330.01 while
the S&P 500 .SPX lost 2.2 percent to 903.51 and the Nasdaq .IXIC was off
2.4 percent to 1,802.18.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1034 ET 02July2009-Coeur D'Alene lowers debt level by 37 pct in 2009
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Silver miner Coeur D'Alene Mines (CDE.N) (CDM.TO) on Thursday said it
lowered its convertible debt by 37 percent, or $150 million, in the first half
of 2009. The debt was lowered through a series of privately negotiated deals.
For details, see [ID:nN022358]
Shares fell 4.5 percent to $12.36 on the New York Stock Exchange.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
