North America


  • LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.

  • Target cuts annual profit outlook Wednesday, 20 Aug 2014 | 8:00 AM ET

    NEW YORK— Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S. Excluding expenses related to the data breach, the results were a penny short of Target's reduced estimate issued earlier this month.

  • NEW YORK, Aug 20- Some doctors really mean it when they say they do not take health insurance. For others, it is more of a nuanced statement. "The burden of getting the forms right and getting all the paperwork is placed on the physician," says Dinah Miller, a psychiatrist who practices in Baltimore and co-authors a blog called Shrink Rap. "

  • *Brent bounces off Tuesday's 14- month low of $101.07. LONDON, Aug 20- U.S. crude oil jumped by more than $1 a barrel ahead of the September contract's expiry on Wednesday, while Brent bounced off a 14- month low to reach $102 as traders bet a 12 percent slide since June was overdone. Brent crude for delivery in October was up 46 cents at $102.02 a barrel by 1100 GMT.

  • US STOCKS-Futures little changed with Fed minutes on tap Wednesday, 20 Aug 2014 | 7:47 AM ET

    *Lowe's Cos falls in premarket after cutting outlook. *Hertz tumbles after withdrawing forecast. *Lowe's Companies lost 3.1 percent to $49.91 before the opening bell after the world's No. 2 home improvement products retailer posted better-than-expected second quarter results but cut its full-year sales forecast.

  • Macy's settles profiling charges, shells out $650K Wednesday, 20 Aug 2014 | 7:33 AM ET
    A shopper looks at Michael Kors handbags at Macy's in New York City.

    Retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in New York City.

  • NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.

  • Aug 20- Amicus Therapeutics Inc said its experimental drug was as effective as enzyme replacement therapies after 18 months in patients with Fabry disease, an inherited disorder that leads to the abnormal build-up of fat. The company's stock rose 38 percent in premarket trading on Wednesday after the results of the second late-stage trial were released.

  • Alaska oil tax supporters fending off repeal efforts Wednesday, 20 Aug 2014 | 6:56 AM ET

    JUNEAU, Alaska, Aug 20- Alaska voters looked on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp..

  • Lowe's 2Q profit rises as weather improves Wednesday, 20 Aug 2014 | 6:40 AM ET

    For the three months ended Aug. 1, Lowe's Cos. earned $1.04 billion, or $1.04 per share. A year earlier it earned $941 million, or 88 cents per share. Revenue rose 6 percent to $16.6 billion from $15.71 billion, topping Wall Street's $16.57 billion forecast.

  • PRECIOUS-Gold retreats as upbeat U.S. data lifts dollar Wednesday, 20 Aug 2014 | 6:09 AM ET

    LONDON, Aug 20- Gold prices extended a three-day losing streak on Wednesday, as demand stagnated and the dollar hit its highest in nearly a year against a currency basket on growing optimism over the U.S. economy.

  • GLOBAL MARKETS-Stocks halt rally, BoE jolts UK markets Wednesday, 20 Aug 2014 | 5:06 AM ET

    *Attention shifts from Ukraine- Russia conflict. LONDON, Aug 20- World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.

  • LONDON, Aug 20- Brent crude oil edged higher towards $102 a barrel on Wednesday, after slumping to a 14- month low in the previous session, as growing output from Iraq and Libya despite violence in those countries has kept the market well supplied.

  • FOREX-Dollar breaks out to 11-month highs, eyes on Fed Wednesday, 20 Aug 2014 | 4:18 AM ET

    *All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.

  • Global cruise lines set sail for China Wednesday, 20 Aug 2014 | 3:44 AM ET

    But surging growth in China means it's a market operators can no longer ignore. Carnival Corp., the No. 1 cruise company, will become the first global cruise operator to have four ships based in China when it deploys its Costa Serena to Shanghai in April.

  • FEATURE-Tyre makers race to turn dandelions into rubber Wednesday, 20 Aug 2014 | 3:30 AM ET

    *Dandelion native to Kazakhstan yields tyre-grade rubber. MUENSTER, Germany, Aug 20- Dutch biologist Ingrid van der Meer often meets with disbelief when she talks about her work on dandelions and how it could secure the future of road transport.

  • TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

  • Nikkei up a tad, gains for 8th day as weak yen supports Wednesday, 20 Aug 2014 | 2:29 AM ET

    TOKYO, Aug 20- Japanese stocks eked out a small gain on Wednesday to mark its longest winning streak since last December, though sentiment was subdued as many investors stuck to the sidelines ahead of a gathering of central bankers in Jackson Hole, Wyoming. A weaker yen nudged the Nikkei share average up 0.03 percent to 15,454.45, the eighth straight day of gains.

  • Aug 20- Hackers who stole the personal data of about 4.5 million patients of hospital group Community Health Systems Inc broke into the company's computer system by exploiting the "Heartbleed" internet bug, making it the first known large-scale cyber attack using the flaw, according to a security expert.

  • Bloomberg offers grants to help cities innovate Wednesday, 20 Aug 2014 | 2:09 AM ET

    NEW YORK— American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation. "We're asking cities to do so much more," said James Anderson, who leads the government innovation programs at the foundation.