New York City


  • Aaron's longtime CFO Danielson will be interim CEO Thursday, 21 Aug 2014 | 11:15 AM ET

    NEW YORK— Retailer Aaron's said Thursday that longtime Chief Financial Officer Gilbert Danielson will become its interim CEO at the end of August. Aaron's announced earlier this month that CEO Ronald Allen will retire Aug. 31. Aaron's Inc. sells and leases furniture and accessories and offers flexible payment plans for people with credit problems.

  • NEW YORK, Aug 21- U.S. The highlight of the meeting, starting later Thursday and sponsored by the Kansas City Federal Reserve, is the speech on Friday by Fed Chair Janet Yellen at 10 a.m. EDT, where she is expected talk about labor markets.

  • NEW YORK, Aug 21- The U.S. judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to sidestep his ruling that led it to default for the second time in a dozen years.

  • WRAPUP 2-U.S. housing, jobs data bolster economic outlook Thursday, 21 Aug 2014 | 11:05 AM ET

    WASHINGTON, Aug 21- U.S. home resales rose to a 10- month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.

  • FOREX-Dollar trades in tight range ahead of Yellen speech Thursday, 21 Aug 2014 | 10:47 AM ET

    NEW YORK, Aug 21- The dollar held onto healthy recent gains to trade little changed on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen. The euro, which traded in early May a hair under $1.40, was last up 0.20 percent to $1.3283.

  • New York gets $800M in Bank of America settlement Thursday, 21 Aug 2014 | 10:24 AM ET

    ALBANY, N.Y.— New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General Eric Schneiderman announced Thursday.

  • United lures top fliers with promise of a hot meal Thursday, 21 Aug 2014 | 10:01 AM ET

    NEW YORK— To win the hearts of frequent business travelers, United Airlines is going through their stomachs. The move comes as American Airlines goes the other way, eliminating hot meals on most flights less than 1,000 miles starting Sept. 1.

  • NEW YORK, Aug 21- The U.S. judge overseeing the long-running litigation over Argentina bonds has scheduled a hearing for 3 p.m. EDT in New York, after Argentine officials announced plans to skirt his court rulings that pushed the country into default.

  • WASHINGTON, Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.


  • Stocks open higher; S&P 500 heading for a record Thursday, 21 Aug 2014 | 9:38 AM ET

    NEW YORK— U.S. stocks are opening higher, pushing the Standard& Poor's 500 index closer toward another record high. Hormel Foods rose 4 percent. The maker of Spam, Dinty Moore stew and other products reported higher profits in its latest quarter.

  • Bank of America settles mortgage probes for $16.65 bln Thursday, 21 Aug 2014 | 9:15 AM ET

    Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.

  • *Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • NEW YORK, Aug 21- A U.S. investment fund pressing for full repayment on Argentine debt is urging a U.S. judge to consider declaring Argentina in contempt after Buenos Aires announced plans to skirt court rulings that pushed it into default.

  • Dollar Tree 2Q profit falls 2 percent Thursday, 21 Aug 2014 | 7:50 AM ET

    RICHMOND, Va.— Dollar Tree Inc. said Thursday its second-quarter profit fell more than 2 percent on costs related to its planned acquisition of rival discounter Family Dollar even though shoppers spent more at its discount stores.

  • Vegas offering all but marriage to LGBT tourists Thursday, 21 Aug 2014 | 2:36 AM ET

    LAS VEGAS— While gay couples still can't get married in the marriage capital of the world, Las Vegas wants to let them know they— and their money— are more than welcome to the buffet of other activities Sin City has to offer.

  • NEW YORK, Aug 21- U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.

  • Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.

  • NEW YORK, Aug 20- JPMorgan Chase& Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. Junior bankers at Bank of America Corp will also receive a raise of at least 20 percent, according to a person familiar with the matter.

  • Parks Service bans drones over Appalachian Trail Wednesday, 20 Aug 2014 | 6:55 PM ET

    PITTSBURGH— The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands.