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  • HSBC to face US lawsuits over $34B mortgage losses Tuesday, 2 Jun 2015 | 2:46 AM ET
    An HSBC bank branch is shown in London, Feb. 9, 2015.

    HSBC was ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities.

  • "This is a money-making crime," said Chief Joseph Fox, commander of the New York Police Department's Transit Bureau. In California, thieves removed copper from San Francisco's BART rail system in Oakland, San Francisco and San Mateo counties on a single weekend in 2011. In Washington state in 2013, a man clipped 70,000 pounds of copper wire from the light rail...

  • CHICAGO, June 2- Drugmakers including Bristol-Myers Squibb Co and Merck& Co are testing which patients will most benefit from new cancer treatments based on a protein found in their tumors, but that guide, known as a biomarker, may be too unreliable, researchers and health experts said. Competitors Roche Holding, AstraZeneca and Pfizer also have similar drugs in...

  • WASHINGTON— The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology— all hidden behind fictitious companies that are fronts for the government, The Associated Press has learned. The planes' surveillance equipment is generally used without a judge's approval,...

  • NEW YORK— It was Pharrell Williams who was being honored as a fashion icon, but it was another music superstar who got a lot of the attention at the annual Council of Fashion Designers of America awards on Monday night. Introducing Pharrell, the producer-singer-songwriter who was receiving the evening's Fashion Icon award, Kanye West took the opportunity not...

  • Wal-Mart kicks off next phase of wage increases Tuesday, 2 Jun 2015 | 12:02 AM ET

    NEW YORK— Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments. The wage hikes are part of a $1 billion program at Wal-Mart that also includes improving training and offering employees more control of their schedules. Wal-Mart told The Associated Press late Monday that...

  • NEW YORK, June 1- Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Some voters in Philadelphia, for example, were turned off by the billionaires...

  • In a letter dated Monday, the law firm representing Argentina in the United States said Argentina also lacks confidence in appointed mediator Daniel Pollack. But a group of creditors refused and took Argentina to court in New York. Judge Thomas Griesa has repeatedly ruled that Argentina can't make payments on its debt without paying the holdout funds.

  • MELBOURNE, June 2- Copper prices slid back below the $6,000 a tonne mark on Tuesday, after a string of global manufacturing reports revealed only modest demand growth for metals with just one month left of the normally strongest quarter for seasonal demand. *Three-month copper on the London Metal Exchange slipped by 0.4 percent to $5,999 a tonne by 1241 GMT, after...

  • SINGAPORE, June 2- Gold was little changed near $1,190 an ounce on Tuesday as strong U.S. data boosted the dollar and supported expectations of a Federal Reserve rate hike later this year. *Spot gold was steady at $1,188.10 an ounce by 0035 GMT. *Gold had initially gained in the previous session after U.S. consumer spending growth unexpectedly stalled in April as...

  • SINGAPORE, June 2- Crude oil prices dipped in early Asian trading on Tuesday as an expectation of rising OPEC output and a potential increase in U.S. shale production following price rises earlier this year put pressure on markets. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank...

  • BUENOS AIRES, June 1- Argentina will not negotiate with the U.S. hedge funds suing over unpaid debt for as long as the investment firms continue harassing the country, lawyers acting on behalf of the Argentine government said on Monday. There have been no publicly acknowledged direct talks between Argentina's powerful economy minister Axel Kicillof and the...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • NEW YORK— Genetic testing company Natera filed for an initial public offering valued at up to $100 million on Monday. The company plans to list its shares on the Nasdaq Global Market under the ticker symbol "NTRA" but did not disclose how many shares it plans to sell. The company says lost $37.1 million in 2013, but it pared its loss to $5.2 million in 2014 as its annual...

  • The transcript confirmed that Daryan Warner, like his brother Daryll, had agreed to assist U.S. authorities as part of separate plea deals. The transcript, ordered released by a federal judge in Brooklyn, New York, contained Daryan Warner's guilty plea. Benjamin Brafman, Daryan Warner's lawyer, declined to comment on Monday.

  • The financial advisory firm LPL Financial said Audette would become its new CFO. He will start at LPL Financial on Sept. 28. LPL Financial is a unit of LPL Financial Holdings Inc..

  • NEW YORK, June 1- The U.S. dollar gained on Monday after a round of economic data kept expectations alive for an interest rate hike from the Federal Reserve this year, while the euro fell on worry about Greece's financial crisis and soft euro zone data. U.S. stocks closed modestly higher in a choppy session as a deal by Intel Corp to acquire Altera for $16.7 billion...

  • Bristol-Myers, Oncothyreon are big market movers Monday, 1 Jun 2015 | 4:21 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Bristol-Myers Squibb Co., up $1.88 to $66.48. OMG Group Inc., up $7.50 to $34.04.

  • PVH beats Street 1Q forecasts Monday, 1 Jun 2015 | 4:14 PM ET

    NEW YORK _ PVH Corp. on Monday reported fiscal first-quarter earnings of $114.1 million. Four analysts surveyed by Zacks expected $1.86 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.41.

  • *Dollar hits 124.920 yen, highest since Dec. 2002. *Greece misses self-imposed deadline for reaching agreement. "There is an element of relief there," said Steven Englander, global head of G10 foreign exchange strategy at CitiFX in New York.