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  • NEW YORK, May 28- Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • NEW YORK, May 28- Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving...

  • NEW YORK, May 28- Oil prices were mixed on Thursday, with Brent up slightly and U.S. crude hovering near one-month lows, on concerns the rate of weekly drawdowns in U.S. crude stocks will not last. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially...

  • The Toyota Oakdale Theatre continues to be under a cease-and-desist order after Wallingford's Zoning Board of Appeals held a hearing Wednesday night amid complaints from neighbors that music from concerts at the theater could be heard in their homes. The Oakdale was built in 1954 and has been a stop for well-known rock and blues bands, plays and comedians for...

  • Tracy Morgan settles suit with Wal-Mart over fatal crash Wednesday, 27 May 2015 | 3:56 PM ET

    NEWARK, N.J.— Actor-comedian Tracy Morgan has settled his lawsuit against Wal-Mart over a highway crash that killed one man and left Morgan and two friends seriously injured. Morgan's lawyer, Benedict Morelli, said he and Walmart worked diligently to reach the settlement for the plaintiffs and their families. "Walmart took full responsibility for the accident,...

  • The Patriot Act authorities give the FBI flexibility to intercept the calls of terror suspects who continuously switch phones during the course of an investigation and to conduct surveillance on "lone wolf" individuals who pose threats but aren't affiliated with an international terrorism organization. But recently he has expressed more concern about...

  • Health law court case winner could be political loser Wednesday, 27 May 2015 | 1:13 PM ET

    WASHINGTON— The party that wins the impending Supreme Court decision on President Barack Obama's health care law could be the political loser. If the Republican-backed challenge to the law's subsidies for lower-earning Americans prevails, the GOP would have achieved a paramount goal of severely damaging "Obamacare." Tom Davis, R- Va., who once led the House GOP...

  • Eagle Point posts 1Q profit Wednesday, 27 May 2015 | 10:18 AM ET

    GREENWICH, Conn. _ Eagle Point Credit Co. on Wednesday reported net income of $3.8 million in its first quarter. On a per-share basis, the Greenwich, Connecticut- based company said it had profit of 27 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • PARIS, May 27- Patrick Drahi, the billionaire owner of European telecoms group Altice, said he didn't bid for Time Warner Cable because his company lacked management resources to digest such a big deal in a market it had only recently entered. "I didn't follow up on the exchanges we had on Time Warner Cable that were mentioned in the media because we were not ready,"...

  • RBC Bearings tops 4Q profit forecasts Wednesday, 27 May 2015 | 8:22 AM ET

    OXFORD, Conn. _ RBC Bearings Inc. on Wednesday reported fiscal fourth-quarter earnings of $14.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. RBC Bearings shares have risen 10 percent since the beginning of the year.

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • FBI director meets with Connecticut police chiefs Tuesday, 26 May 2015 | 4:50 PM ET

    NEW HAVEN, Conn.— On a visit with Connecticut police chiefs, FBI Director James Comey said Tuesday that he spoke about how law enforcement can participate better in the national conversation about race and policing. "As you would expect in the Nutmeg State, it was a thoughtful and rich conversation," said Comey, a former attorney for Bridgewater Associates, a...

  • NEW YORK— Amazon is hiring 6,000 full-time workers to staff up across its more than 50 distribution centers in the U.S. Its $99 annual Prime membership service comes with free two-day delivery on many items. The Seattle- based company employed about 154,100 full-time and part-time workers in total at the end of 2014..

  • *30- year yields post biggest one-day drop since May 15. NEW YORK, May 26- Long-dated U.S. "With the dollar strengthening, owning dollar assets looks a lot more attractive here," said Edward Acton, Treasury strategist at RBS Securities in Stamford, Connecticut.

  • May 26- A Connecticut venture capital executive accused of insider trading and of cheating his clients out of tens of millions of dollars has fled the country, the U.S. Securities and Exchange Commission said. Iftikar Ahmed, a former general partner at Oak Investment Partners, left the United States some time before May 18 in violation of a judge's order in the...

  • *Charter agrees to buy Time Warner Cable in $56 bln deal. PARIS, May 26- Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice, will not let missing out on Time Warner Cable dissuade him from further expansion in the United States, people familiar with the situation said. Taking his first step across the Atlantic last week by agreeing to...

  • Steven Wechsler for the past three years has led a little-known medical research laboratory in Groton, where teams of scientists work to better understand the wellness of sailors serving in the undersea fleet. Command of the Naval Submarine Medical Research Laboratory is shifting from Wechsler to his executive officer, Capt. Frederick Yeo, at a ceremony at...

  • NEW YORK— Priceline has bumped up its stake in the Chinese travel service provider Ctrip.com to 10.5 percent. Priceline also has the option to increase it stake to 15 percent. Priceline, based in Norwalk, Connecticut, owns Booking.com, Priceline.com, Kayak.com and RentalCars.com.

  • In the latest round, Charter Communications is buying Time Warner Cable for $55.33 billion. The deal comes a month after Comcast, the country's largest cable provider and owner of NBCUniversal, walked away from a $45.2 billion bid for Time Warner Cable, the No. 2 cable company, after intense pressure from regulators. Whether government regulators will approve...