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AOL shares jump on Yahoo merger speculationExternal Link

SAN FRANCISCO (MarketWatch) - Shares of AOL Inc. jumped sharply Thursday on an analyst note speculating that Yahoo may make a bid for the Internet company. AOL jumped in early afternoon trades, and was last trading up 2% to $43. A note from BGC Partners said, "Investors may seek to have upside exposure to shares of AOL," citing "a possibility that Yahoo may seek to deploy its cash by pursuing AOL as an acquisition target," after Alibaba's initial public offering. Yahoo, which owns 24% of Alibaba, is expected to get a big boost from the much-awaited IPO. "While AOL may not seem like a flashy target, there is considerable overlap between the two businesses that may make a tie-up compelling," BGC Partners said.

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.


Thu, 18 Sep 2014 18:47:41 GMT
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Treasurys extend losses after 10-year TIPS saleExternal Link

NEW YORK (MarketWatch) -- The Treasury Department sold $13 billion in 10-year Treasury inflation-protected securities Thursday at a yield of 0.610%, the highest yield since March. Bidders offered to buy 2.20 times the amount of debt sold, compared to an average of 2.53 times at the last six sales. Indirect bidders, a group that includes foreign central banks, bought 52.7%, versus 53.0% in recent sales. Direct bidders, which include domestic money managers, purchased another 5.7%, versus an average of 9.3%. The broader bond market extended losses after the auction. Yields on 10-year nominal notes , which move inversely to prices, rose 2.5 basis points on the day to 2.623%.

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.


Thu, 18 Sep 2014 17:12:33 GMT
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Household net worth up $1.4 trillion in second quarterExternal Link

WASHINGTON (MarketWatch) - U.S. households and nonprofits added $1.4 trillion in net worth in the second quarter due to continued higher prices for stocks and real estate, according to Federal Reserve data released Thursday The gain in net worth to $81.5 trillion was driven by a $1 trillion rise in corporate equities and a $230 billion gain in the value of real estate. Debt outside the financial sector rose at a seasonally adjusted rate of 3.8% in the second quarter, slightly lower from 4.3% in the first quarter. Household debt grew 3.6%, the fastest pace since the first quarter of 2008. Consumer credit like car and student loans surged by 8.1%, the fastest since the fourth quarter of 2001. Mortgage debt increased 0.4% after two straight quarterly declines.

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.


Thu, 18 Sep 2014 16:00:24 GMT
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Average debit card fees stable in 2013, Fed saysExternal Link

WASHINGTON (MarketWatch) - Average debit card fees received by the largest banks held steady in 2013, according to a new report released by the Federal Reserve on Thursday. In 2013, interchange fees totaled $16.3 billion, the Fed said. Fees have not changed materially since late 2011 when the U.S. central bank adopted debit-card swipe-fee rules. Estimated debit-card fraud losses to all parties - merchants, cardholders and issuers - totaled $1.57 billion in 2013, according to the report. Payment-card networks processed 53.7 billion debit and pre-paid card transactions valued at $2.07 trillion during 2013, the report said. Total transaction volume grew by 6.8% in the year.

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.


Thu, 18 Sep 2014 15:07:17 GMT
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Santander in pact with Fed after unauthorized dividend paymentExternal Link

WASHINGTON (MarketWatch) - The Federal Reserve announced Thursday that Santander Holdings USA Inc., the U.S. affiliate of Banco Santander , has agreed to strengthen its management practices after the bank declared a cash dividend on its common stock that was not authorized in advance by the U.S. central bank. According to the release, the board of directors of Santander Holdings will submit to the Fed written procedures to strengthen board oversight of management regarding planned capital distributions. All requests for dividend payments must be made 30 days prior to the proposed dividend declaration date. The Fed had objected to the capital plan that Santander Holdings submitted early this year, which barred the bank from making any capital distributions not approved by the Fed. Despite this, a subsidiary of Santander Holdings declared a cash dividend payable in the second quarter. In May, the parent bank contributed $21 million to Santander Holdings to mitigate the violation.

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.


Thu, 18 Sep 2014 15:04:39 GMT
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