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  • NEW YORK, July 13- A self-described New York entrepreneur was arrested on Wednesday on charges that he conspired to hide the losses suffered by a hedge fund's clients in a scheme that involved bankrupt video technology company Kit Digital Inc.. Amanat, who was an investor in "Twilight" studio Summit Entertainment before its 2012 sale to Lions Gate Entertainment...

  • The marginal increase reported by the Labor Department on Wednesday likely reflects the lingering effects of the dollar's surge between June 2014 and December 2015, despite the greenback weakening this year against the currencies of the United States' main trading partners. Although we caution against over-interpreting import price data, this weakness...

  • While the result was little changed from the previous survey on June 15, the question on Wall Street now was not whether the Fed could manage one or two rate hikes, but whether it could pull off even one. For those who thought the Fed would not raise rates this year, the key factor was overseas risk that could hurt the U.S. economy, namely fallout from Britain's June 23...

  • NEW YORK, July 8- Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. For those who thought the Fed would not raise rates this year, the key factor was...

  • NEW YORK, July 8- Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. For those who thought the Fed would not raise rates this year, the key factor was...

  • WASHINGTON, June 30- Factory activity in the U.S. But a cloud looms over the economy following Britain's shock vote last week to leave the European Union. The so-called Brexit referendum unsettled markets and on Thursday, the International Monetary Fund said uncertainty over Britain's departure was the biggest risk to the global economy.

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults that drove down city tax revenues and property values. Last September, the Atlanta- based 11th U.S. Circuit Court of Appeals overturned a lower...

  • WASHINGTON, June 24- New orders for U.S. manufactured capital goods unexpectedly fell in May as demand declined broadly, indicating business spending will remain a drag on economic growth in the second quarter. Economists say uncertainty over the global economy and the upcoming U.S. presidential elections are making companies cautious about spending and...

  • WASHINGTON, June 22- U.S. home resales rose in May to a more than nine-year high amid low mortgage rates, pointing to sustained housing market strength that should keep the economy on solid ground. "The housing market recovery is truly back on track..., which should reinforce confidence that the economic recovery is moving in the right direction," said Millan Mulraine,...

  • WASHINGTON, June 7- U.S. nonfarm productivity fell less sharply than initially thought in the first quarter and labor-related costs surged for a second straight quarter as companies hired more workers to raise output, suggesting profits could remain under pressure. The Labor Department said on Tuesday productivity, which measures hourly output per worker,...

  • *Productivity falls at revised 0.6 percent rate in Q1. WASHINGTON, June 7- U.S. nonfarm productivity fell less sharply than previously thought in the first quarter, but labor-related costs still surged as companies employed more workers to boost output. The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an...

  • June 1- Jeld-Wen Holding Inc, a maker of doors and windows, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of its common stock. In a preliminary prospectus with the U. S Securities and Exchange Commission, Jeld-Wen also said it had "identified material weaknesses" in its internal control over financial reporting.

  • June 1- Jeld-Wen Holding Inc, a maker of doors and windows, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of its common stock. The Charlotte, North Carolina- based company told the U. S Securities and Exchange Commission in a preliminary prospectus that Barclays, Citigroup, Credit Suisse, and J.P.

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp has filed a lawsuit accusing the bank of underpaying her and other women, and retaliating when she complained about illegal or unethical practices by her colleagues. In a complaint filed on Monday night, managing director Megan Messina said she was a victim of "egregious pay disparity"...

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp filed a lawsuit accusing the bank of underpaying women, and retaliating against her for complaining about illegal or unethical business practices by her colleagues. Her lawsuit filed in Manhattan federal court joins many others accusing Wall Street of bias against female bankers,...

  • Businesswoman with rainbow-patterned top

    North Carolina business leaders called for a repeal of a new state law they blamed for mounting economic losses.

  • WINSTON-SALEM, N.C./ NEW YORK April 19- North Carolina business leaders on Tuesday called for a repeal of a new state law they blamed for mounting economic losses as opponents cancel jobs and events over concerns that it discriminates against gay and transgender people. "This legislation is bad for business and bad for North Carolina," the chamber said in a...

  • *1st qtr EPS 20 cents, matching market estimate. The bank's revenue also fell short of Wall Street's expectations, as adjusted revenue from bond, currency and commodities trading slid 17.5 percent to $2.26 billion. Charlotte, North Carolina- based BofA, one of the biggest U.S. lenders to the oil and gas industry, said total provisions rose 30 percent to $997 million...

  • WINSTON-SALEM, N.C., April 12- North Carolina Governor Pat McCrory slightly altered a new state law denounced as discriminatory with an executive order on Tuesday, but the Republican stood firm on a controversial provision restricting transgender bathroom access. "I have come to the conclusion that there is a great deal of misinformation, misinterpretation,...

  • FRANKFURT/ WINSTON-SALEM, N.C., April 12- North Carolina Governor Pat McCrory signed an executive order on Tuesday in response to concerns raised about a new state law decried by some as discriminatory, but the Republican stood firm on a provision restricting transgender bathroom access. "I have come to the conclusion that there is a great deal of misinformation,...