Clive McDonnell, Head of Equity Strategy at Standard Chartered Bank, says the Fed's primary focus remains on the U.S. economy.» Read More
*New York state manufacturing expands in March. WASHINGTON, March 17- U.S. manufacturing output recorded its largest increase in six months in February and factory activity in New York state expanded, in the latest signs that economic activity was gaining momentum after being dampened by severe weather.
The companies receiving a letter on Sunday from the group were Wal-Mart Stores Inc, supermarket operators Kroger Co, Safeway Inc, which operate pharmacies, and drugstore chains Walgreen Co and Rite Aid Corp..
DETROIT, March 17- Volkswagen AG said it is recalling about 160,351 Passat sedans in the United States and Canada because a low-beam headlight could become inoperable. Affected are about 150,201 cars sold in the United States and about 10,150 in Canada, VW said.
NEW YORK, March 17- U.S. Crimea formally applied to join Russia on Monday after its leaders declared a Soviet-style 97- percent result in favor of seceding from Ukraine in a referendum condemned as illegal by Kiev and the West that will trigger immediate sanctions.
The trip begins Monday with a briefing from representatives from the U.S. Embassy in Panama. Panama is a considerably smaller market, ranking just 84 among Massachusetts' import partners last year.
CBS Outdoor, part of media conglomerate CBS Corp, expects its offering of 20 million shares to be priced between $26 and $28 each, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.
TIJUANA, Mexico-- Sixty Mexican migrants were detained Sunday by U.S. authorities after they crossed into the United States from the border city of Tijuana as part of a protest against U.S. immigration policies. The group, led by two young sisters whose parents live in North Carolina, held signs that read "Undocumented Unashamed," and "Immigration reform starts here."
AUSTIN, Texas-- Rapper ScHoolboy Q had a great time at his first South By Southwest a few years ago, but found himself getting angry this year as he played a series of shows at the annual music conference and festival.
WASHINGTON-- Ohio is looking to reassert its political clout by pressing forward with three bids to host the Republican National Convention, competing against fast-growing states that have newer infrastructure and the more diverse electorate that the party is trying to attract.
LONDON, March 17- Brent futures fell below $108 a barrel on Monday, wiping out earlier gains, after Crimea vote to join Russia passed without major violence, although Washington and Europe could impose punitive measures as early as Monday.
NEW YORK-- Yahoo Inc. shares rose in premarket trading Monday after Chinese e-commerce giant Alibaba Group said it plans to go public on a U.S. stock exchange, possibly raising up to $15 billion. Yahoo owns a 24 percent stake in Alibaba. Analysts have estimated that an Alibaba IPO could raise up to $15 billion and value the company at more than $100 billion.
NEW YORK, March 17- U.S. stock index futures pointed to a sharply higher open on Wall Street Monday, rebounding from a steep drop in the previous week, after Sunday's referendum over whether Crimea will join Russia passed without violence.
PORT-AU-PRINCE, March 16- Better known for producing third-world poverty and political mayhem- as well as a world-class rum- the Western Hemisphere's least developed country has made a surprising entry into the high-tech world with its own Android tablet.
NEW YORK, March 17- Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope. A federal jury of 12 men and women on Monday will begin deciding whether the defendants are guilty of aiding in Madoff's massive fraud.
WASHINGTON-- The Federal Reserve issues its February report on U.S. industrial output, which includes factories, mines and utilities. The report will be released at 9:15 a.m. Eastern Monday. HIGHER OUTPUT: Economists predict that industrial production rose 0.2 percent in February, partly rebounding from the previous month's drop of 0.3 percent.
SINGAPORE, March 17- Brent futures fell below $108 a barrel on Monday, wiping out earlier gains as concerns eased that fighting could erupt after Ukraine's Crimea region voted overwhelmingly to join Russia in a referendum at the weekend.
The bullish side can point to falling inventories in major exporter Malaysia, rising domestic demand in top producer Indonesia and the threat of lower supply as the likelihood of an El Nino weather event increases this year.
TOKYO, March 17- The yen lost some ground against the dollar and euro but remained near the tops of its recent ranges on Monday as Western countries warned of sanctions on Russia after Crimea voted to separate from Ukraine.
BOSTON, March 17- Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an early review of annual regulatory filings.
Borrowers took out $15.3 billion of the loans in 2013, an increase of 20 percent from the year before, according to industry publication Inside Mortgage Finance. But at this stage, most bigger lenders are uncomfortable with the loans- for example, in 2011, Wells Fargo& Co and Bank of America backed out of the business.