Jason Poblete, Poblete Tamargo partner, discusses how additional sanctions that target key areas will likely impact Russia's economy. At the heart of this issue is energy, says Poblete.» Read More
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and a lower share count due to stock buybacks had helped offset some of the new costs.
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the insurance exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and share buybacks had helped offset some of the new costs.
KANSAS CITY, Mo.— President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him. The White House is calling it a "stunt" and says Obama plans to address it in a speech Wednesday at Kansas City's historic Uptown Theater.
WASHINGTON— The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have reached the limit of its patience with short-term fixes.
MOSCOW— Russia's central bank promised to support financial institutions hit by U.S. sanctions as stocks took a tumble in Moscow on Wednesday. Russia's state-owned VTB bank— Russia's second-largest— was down 1.2 percent on Wednesday morning.
WASHINGTON— Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.
TOKYO, July 30- U.S. crude oil futures regained some of the previous day's losses to trade above $101 early on Wednesday, after industry data showed U.S. petroleum stockpiles fell much more sharply than expected. *U.S. crude futures for September delivery rose 8 cents to $101.05 a barrel by 0000 GMT, after finishing 70 cents lower on Tuesday.
WASHINGTON, July 29- President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War.
SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.
*EU reaches deal on Russia sanctions, prompts short rally. NEW YORK, July 29- Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while U.S. prices slipped after a Kansas refinery fire curbed demand for WTI crude.
Patrick Leahy on Tuesday introduced a bill to end the National Security Agency's bulk collection of phone records, a proposal that goes further than a similar House measure and has drawn support from civil liberties groups, the White House and Republicans.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.
TORONTO, July 29- Canada said on Tuesday it plans to impose additional sanctions on Russia in the coming days, in close coordination with partners in the United States and Europe.
WASHINGTON, July 29- President Barack Obama said on Tuesday the United States has expanded sanctions against Russia over its support for rebels in eastern Ukraine, unveiling the steps after the EU agreed to its own new measures against Moscow hours earlier.
President Barack Obama announced new sanctions against key sectors of the Russian economy but denied that the U.S. is in a new Cold War with Russia.
According to Reuters, the U.S. will sanction Russian financial institutions. CNBC's Michelle Caruso-Cabrera reports the details.
WASHINGTON, July 29- Corporations that move their tax domiciles abroad would be denied federal contracts under legislation offered on Tuesday by Democrats in the U.S. Congress, targeting tax-driven deals known as inversions.
According to the Treasury Department, the U.S. penalties target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia. Ahead of Obama's announcement, White House spokesman Josh Earnest welcomed the European sanctions.
GAZA/ JERUSALEM, July 29- Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its war with Islamist militants in the enclave.
CNBC's Michelle Caruso-Cabrera reports the European Union will limit access to EU capital markets for state-owned banks among its sanctions against Russia.