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  • *White House calls setback "snafu," vows to continue battle. "What we just saw here is pretty shocking," said Senate Majority Leader Mitch McConnell, a Republican, after the Senate voted 52-45- short of the 60 votes needed- against paving the way for debate on "fast-track" trade authority for Obama. The vote marked a victory for Senate Democratic leader Harry Reid, an...

  • President Barack Obama authority to speed trade deals through Congress failed a crucial procedural test on Tuesday, delaying a measure that may be key to President Barack Obama's diplomatic pivot to Asia. In a setback to the White House trade agenda, the Senate voted 52-45- eight votes short of the necessary 60- to clear the way for debate on the legislation, which...

  • May 12- Patriot Coal Corp filed for bankruptcy protection on Tuesday, just 18 months after emerging from its previous Chapter 11, and said it was in negotiations with a potential buyer. The company listed assets and liabilities of more than $1 billion in its bankruptcy petition, which it filed in the U.S. Bankruptcy Court in the Eastern District of Virginia.

  • The investor, T Rowe Price, is seeking a higher price for its Dell stock than the $13.75 per share offered in the $26 billion buyout led by Michael Dell and Silver Lake Partners. That could mean hundreds of millions of dollars are on the line for T Rowe Price and Michael Dell. T Rowe Price's case began in February 2014 when the company asked Delaware judge Travis...

  • The investor, T Rowe Price, is seeking an higher price for its Dell stock than the $13.75 per share offered in the $26 billion buyout led by Michael Dell and Silver Lake Partners. That could mean hundreds of millions of dollars are on the line for T Rowe Price and Michael Dell. T Rowe Price's case began in February 2014 when the company asked Delaware judge Travis...

  • *Alibaba jumps on better-than-expected results. *Whole Foods, Kate Spade slumps after results. Microsoft and Apple gave the biggest boost to the S&P 500 and the Nasdaq, while Yahoo rose 5.3 percent to $43.84 on Alibaba's strong results.

  • *Alibaba jumps on better-than-expected results. *Whole Foods slumps after results. May 7- Wall Street was mixed in choppy trading early on Thursday as better-than-expected U.S. jobs data led to U.S.

  • GLOBAL MARKETS-Bond selloff cools; euro, stocks fall Thursday, 7 May 2015 | 10:09 AM ET

    *Wall Street opens mixed, European shares slip. NEW YORK, May 7- The global bond market rout slowed on Thursday as long-term borrowing costs retreated from their highest level in more than five months, but the recent surge in yields kept pressure on stocks worldwide. "After years of over wading in fixed income, a lot of bond investors are starting to take stock and...

  • *Alibaba jumps on better-than-expected results. *Whole Foods slumps after results. May 7- Wall Street was set to open slightly lower on Thursday, tracking global markets, amid a continuing sell-off in global bonds.

  • Former controller Kevyn Rakowski and former chief credit officer William North were charged by the Justice Department with making false statements to the Federal Reserve and the Securities and Exchange Commission for allegedly underreporting the number of loans at least 90 days past due in late 2009.. The SEC brought related civil charges against...

  • May 4- Corinthian Colleges Inc, the for-profit college operator hamstrung by federal and state investigations, filed for bankruptcy in Delaware on Monday, about a week after announcing it would shutter its remaining campuses and cease operations. In April, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to...

  • NEW YORK, April 30- PBF Energy executives said on Thursday they have yet to deliver on plans to grow the company through acquisitions but remained hopeful. PBF Energy owns refineries in New Jersey, Delaware and Ohio. The New Jersey- based company was reportedly interested in Exxon Mobil's Los Angeles- area refinery, but those plans were delayed following an...

  • WILMINGTON, Delaware, April 28- Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98...

  • NEW YORK, April 27- Microsoft Corp lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc's technology in its mobile phones without permission. The judge, Theodore Essex, said that Microsoft infringed two wireless cellular patents owned by InterDigital,...

  • NEW YORK, April 22- A U.S. judge has invalidated two patents owned by Intellectual Ventures just weeks before its lawsuit against Japanese security software provider Trend Micro Inc over the same patents was set to go to trial. The ruling came after Trend Micro and Symantec asked Stark to analyze the patents, which relate to email and software security, to...

  • NEW YORK, April 22- A U.S. judge has invalidated two patents owned by Intellectual Ventures just weeks before its lawsuit against Japanese security software provider Trend Micro Inc, which centers on the patents, was set to go to trial. The ruling came as both Trend Micro and Symantec had asked Stark to analyze the patents, which relate to email and software...

  • DISTRICT JUDGE LEONARD STARK IN DELAWARE SAYS INTELLECTUAL VENTURES SOFTWARE-SECURITY PATENTS TOO ABSTRACT TO DESERVE PROTECTION.

  • April 22- DuPont is buying a California- based microbiome discovery company for development of biological crop products, a move that the chemical and crop company hopes will give it an edge in an emerging agricultural market. DuPont's announcement on Wednesday did not disclose how much it is paying for Taxon Biosciences Inc, but said the 15- year-old company...

  • PARIS, April 21- Proxy advisory firms are threatening to block key financial resolutions at French aerospace group Safran, opening a second front in a battle between the French government and institutional investors over a new corporate law. Safran has been able to sidestep the row over "one share, one vote" at companies such as Renault because it already has a...

  • NEW YORK, April 14- JPMorgan Chase& Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. Loans that fund smaller leveraged buyouts, where companies often do not have the size or financial resources to weather a business downturn,...