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North Korea's latest ballistic missile launch failed: report External Link

North Korea fired another ballistic missile early Saturday local time that appears to have failed, South Korea's Yonhap News Agency reported citing the Republic of Korea Joint Chiefs of Staff. The missile test comes amid heightened tensions on the Korean Peninsula with North Korea pursuing the development of intercontinental ballistic missile that could potentially reach the U.S. President Donald Trump has also taken a hard stance, promising stern action if the North Korean regime continues to threaten global peace with its nuclear weapons program.

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.


Fri, 28 Apr 2017 21:40:59 GMT
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Fitbit: 'External forces' caused alleged Flex 2 explosionExternal Link

Fitbit Inc. said Friday an initial investigation into a Fitbit Flex 2 that allegedly exploded on a wearer's wrist concluded that the company's device didn't malfunction, and that testing showed "external forces" had caused the damage. "We have not received any other complaints of this nature and we want to assure our customers that they can continue to enjoy their Flex 2 and all Fitbit products with confidence," the company said. A Wisconsin woman had claimed her Flex 2 band exploded on her wrist, causing second-degree burns, and Fitbit launched an investigation earlier this week. Shares of Fitbit, which have lost more than 21% so far this year and 68% in the last 12 months, were up 0.4% in late trading Friday. The S&P 500 Index has gained 6.5% in 2017 and 15% in the past 12 months.

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.


Fri, 28 Apr 2017 21:33:43 GMT
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Apple asks California regulators to change self-driving car policy: ReportExternal Link

Apple Inc. has asked California regulators to make changes in the state's proposed policies on self-driving cars, according to a Reuters report Friday that cited a letter from the company. The company earlier this month joined a growing list of tech companies, car makers, and other ventures racing todevelop driverless cars and applying for testing their vehicles on California's public roads. Earlier this week, Tesla Inc. and other companies asked the regulators to relax some of the state's proposed rules for testing driverless cars, including allowing testing of vehicles without pedals or steering wheels.

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.


Fri, 28 Apr 2017 21:12:47 GMT
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Smart Global Holdings files for initial public offering External Link

Smart Global Holdings Inc. on Friday filed a prospectus with the Securities and Exchange Commission for an initial public offering. The specialty memory chip company reported a loss of 13 cents a share and revenue of $331.3 million during the six months ended Feb. 24. It had lost 41 cents a share on revenue of $238.6 million in the same period a year earlier. Smart Global Holdings is seeking to raise up to $50 million through the IPO and will trade on Nasdaq under "SGH." The company was formed in 2002 in Brazil and is the largest manufacturer of memory chips in the Latin American country.

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.


Fri, 28 Apr 2017 21:06:35 GMT
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U.S. stocks end lower, post weekly and monthly gainsExternal Link

U.S. stocks closed lower on Friday,though the main indexes posted solid weekly and monthly gains, driven by upbeat earnings. With about half of the companies on the S&P 500 having reported, more than two-thirds beat estimates by an average 5%, according to FactSet. The S&P 500 closed 4.59 points, or 0.2%, lower at 2,384.18. The benchmark index gained 1.5% over the week and ended the month 0.9% higher. The Dow Jones Industrial Average dipped 40.82 points, or 0.2%, to 20,940.51. The blue-chip index gained 1.9% over the week and 1.3% over the month. The Nasdaq Composite ended fractionally lower, having touched an intraday all-time high. The tech-heavy index settled a point lower at 6,047.61. The index outperformed other benchmarks over the month, gaining 2.3% and finishing the week 2.3% higher.

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.


Fri, 28 Apr 2017 20:05:18 GMT
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