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German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.
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NEW YORK, May 3- Top investment firms such as Franklin Templeton and Oppenheimer have funds that still hold significant amounts of high-yielding Puerto Rican municipal bonds, despite risks inherent in the Caribbean island's economy.
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WASHINGTON, May 2- As they finalize budgets for the next fiscal year, many states are sending a message to the U.S. government about the effects of spending cuts known as sequestration on federally funded projects: You're on your own.
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NEW YORK, May 02 Fitch Ratings currently rates Banco Santander S.A.' s Brazilian Real senior unsecured notes that have a maturity of March 18, 2016 at' BBB'. A reopening of this issuance for up to an additional BRL 500 million is to be issued through BSB's Grand Cayman Branch.
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TORONTO, May 2- Miner Goldcorp Inc said on Thursday that its first-quarter profit dropped by a steeper-than-expected 35 percent as lower metal prices and higher costs outweighed a boost in gold sales. Shares of the world's largest gold miner by market capitalization fell 2.1 percent to C $28.46 on the Toronto Stock Exchange.
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The law generally requires that the maritime transport of cargo between points in the United States be carried by U.S.-flagged vessels that are at least 75 percent owned and crewed by U.S. citizens, with U.S. officers and built in U.S. shipyards.
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*Britain has made fighting tax evasion a priority. LONDON, May 2- Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance minister George Osborne said on Thursday. Austria in turn has accused Britain and the United States of shielding their own tax havens.
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WASHINGTON, May 1- The International Monetary Fund's executive board on Wednesday approved a $932.2 million four-year lending agreement with Jamaica that is meant to help the Caribbean country start to reduce its heavy debt burden.
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WASHINGTON, May 1- The International Monetary Fund's executive board on Wednesday approved a $932.2 million four-year lending agreement with Jamaica that is meant to help the debt-ridden Caribbean country start to reduce its heavy debt burden.
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**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
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Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
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*More crude sailing from US Gulf Coast to Canada. NEW YORK/ LONDON, May 1- Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast refiners who may pay four times as much for a similar voyage.
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*Summons to go to Wells Fargo on correspondent account. In a move resembling a recent IRS inquiry into Americans with Swiss bank accounts, the Justice Department said a court order would let the IRS serve a' John Doe' summons seeking records of FCIB's U.S. correspondent account at Wells Fargo& Co.
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*Obama says Guantanamo situation "not sustainable". WASHINGTON, April 30- Saying it was damaging to U.S. interests to keep holding prisoners in legal limbo at Guantanamo, President Barack Obama renewed an old vow on Tuesday to close the camp, where about 100 inmates are on hunger strike to protest against their years in detention without trial.
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*IRS gets court order for' John Doe' summons- Justice Dept. In a move resembling a recent IRS inquiry into Americans with Swiss bank accounts, the Justice Department said a court order would let the IRS serve a' John Doe' summons seeking records of FCIB's U.S. correspondent account at Wells Fargo& Co.
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In a move resembling a recent IRS inquiry into Americans with Swiss bank accounts, the department said a court order will let the IRS serve a' John Doe' summons seeking records of FCIB's U.S. correspondent account at Wells Fargo& Co..
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WASHINGTON, April 30- President Barack Obama vowed on Tuesday to make a new push to close the Guantanamo detention center, where about 100 inmates are on hunger strike, saying it was damaging to U.S. interests to keep holding prisoners there in legal limbo.
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President Barack Obama pledged on Tuesday to make a new push to close the Guantanamao detention camp, saying his administration would re-engage with Congress in an attempt to overcome obstacles to shutting the facility. "It needs to be closed," Obama told a White House news conference. "
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*Valero EPS $1.18 v Street $1.00. HOUSTON, April 30- Valero Energy Corp and Marathon Petroleum Corp reported higher first-quarter profits on Tuesday as both U.S. refining companies continued to look for ways to boost the use of cheaper domestic crude oil.
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April 30- Valero Energy Corp on Tuesday reported a first-quarter profit that topped analyst expectations, helped by higher margins for diesel and jet fuel. Valero, based in San Antonio, had a profit of $654 million, or $1.18 per share, compared with a loss of $432 million, or 78 cents a year before, when the company took a charge related to its plant in Aruba.
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April 30- Valero Energy Corp on Tuesday reported a first-quarter profit that topped analyst expectations, helped by higher margins for diesel and jet fuel. Valero, based in San Antonio, had a profit of $654 million, or $1.18 per share, compared with a loss of $432 million, or 78 cents a year before, when the company took a charge related to its plant in Aruba.