The city of Providence, Rhode Island, is suing dozens of Wall Street banks and other financial companies over high-frequency trading» Read More
NEW YORK— Nutritional supplements and weight-loss products maker Herbalife is being investigated by the attorney general of Illinois. Herbalife says it will work with the attorney general's office, and that it is confident in the integrity of its business and its compliance with the law. Herbalife shares fell 17 cents to $55.10 on Thursday.
NEW YORK— Who says America has lost its muscle? Sure, there's something called the EV Pavilion, where visitors can ride around in a plug-in hybrid. Ford kicked off the show by putting a bright yellow 2015 Mustang on the 86th floor of the Empire State Building.
April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.
*Signs of diplomacy seen to ending violence in Ukraine. NEW YORK, April 17- The yen fell on Thursday as efforts toward finding a diplomatic solution to ending violence in eastern Ukraine prompted traders to trim safe-haven yen holdings ahead of the Easter holiday weekend.
NEW YORK, April 17- BlackRock Inc, the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.
NEW YORK— An electric car that proponents hope will replace horse-drawn carriages in New York City was presented Thursday at the New York International Auto Show, as critics expressed their distaste for the idea.
April 17- With the Chicago weather finally getting a little nicer, Chris Anderssen wanted to grill some burgers outside for a group of family and friends. Retail beef and pork prices reached all-time highs last month, according to Bill Hahn, agricultural economist at the U.S. Department of Agriculture's Economic Research Service.
Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound. Brazil is the world's largest coffee producer, accounting for about a third of global production, according to the International Coffee Organization. Coffee in Brazil isn't harvested until June.
NEW YORK, April 17- Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset small declines in its real estate unit.
NEW YORK— Two Chinese Internet companies, a sporting goods retailer and a travel software provider rose in their stock market debuts Thursday.
The Environmental Protection Agency and the Department of Justice said Lowe's had also agreed to implement a new compliance program at more than 1,700 stores nationwide.
NEW YORK— Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. "It really does represent the sweet spot," says Mariana Connelly, a client portfolio manager at J.P.
NEW YORK/ LONDON, April 17- Platinum prices fell to their lowest in more than two weeks on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13- week-old strike that has curbed metal output.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric.
As part of the deal announced by the Justice Department and Environmental Protection Agency, the North Carolina- based home improvement retailer also pledged to adopt a compliance program for dealing with lead paint during the renovation programs offered through its more than 1,700 stores.
April 17- A federal judge on Thursday rejected a bid to compel General Motors Co to tell customers to stop driving millions of cars that have been recalled for defective ignition switches.
NEW YORK, April 17- The Federal Reserve logged $84 billion in net profit last year on its massive portfolio of assets, and average income will probably remain higher than before the financial crisis for another decade to come, according to an annual report.
Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.
NEW YORK— Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby— provided they have the feature turned on.