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Philadelphia

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  • NEW YORK, June 18- Bank of America Corp's Merrill Lynch hired 20 brokers over the last week who managed a combined $1.8 billion in assets at their previous firms, including a dozen from the recently sold Barclays Plc's U.S. wealth and investment management unit, according to Bank of America news release. Two of the biggest money-making advisers to join Merrill...

  • UPDATE 1-Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 11:58 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal reported. Other defendants include Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Morgan...

  • Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 9:07 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal said. HSBC, Barclays, BNP Paribas and Goldman Sachs could not be immediately reached for comment.

  • *Euro rises after optimistic comments from Greece. *U.S. stocks fall on Greece, ahead of Fed meeting. The International Monetary Fund delegation left Greek debt negotiations on Friday because of "major differences" with Athens on the same day that EU officials held their first formal talks on the possibility of Greece defaulting.

  • NEW YORK, June 11- A U.S. jury on Thursday said Pfizer Inc was not responsible for birth defects in a young girl whose mother took its antidepressant Zoloft while pregnant, the second straight win for the company out of hundreds of similar lawsuits. Plaintiff Rachel Robinson claimed in her 2011 lawsuit that Pfizer failed to warn that using Zoloft during pregnancy...

  • NEW YORK, June 11- A U.S. jury on Thursday said Pfizer Inc was not responsible for birth defects in a young girl whose mother took its antidepressant Zoloft while pregnant, the second straight win for the company out of hundreds of similar lawsuits. Following a week-and-a-half long trial in state court in Philadelphia, jurors on Thursday returned a verdict for the...

  • *Wall St banks say September rate hike looks more likely. Following the report, Wall Street's top banks said they expect the Fed to begin raising interest rates in September, followed by another increase before the end of the year, according to a Reuters poll. "This certainly puts more ammunition in the Fed's plan to start lift-off in September," said Mark Luschini,...

  • SAN FRANCISCO/ NEW YORK, June 5- Stock investors are expected to tread carefully next week, as speculation about the timing of a U.S. Investors polled by the American Association of Individual Investors have increasingly said they are "neutral" on the market, suggesting uncertainty about where stocks are going. Total margin debt hit a record $507 billion in...

  • US STOCKS-Wall St choppy after robust jobs data Friday, 5 Jun 2015 | 1:03 PM ET

    June 5- U.S. stocks were mixed in choppy trading on Friday as a stronger-than-expected May jobs report strengthened the view that the U.S. The strong jobs data indicated that economic growth was gaining traction after coming to a standstill in the first quarter, but Wall Street took a dim view as a rate hike could increase the cost of borrowing.

  • WASHINGTON, June 5- U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September. Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday. "This certainly puts more ammunition in the Fed's plan to start...

  • *Synchronoss jumps on reports of possible sale. June 3- U.S. stocks were higher in early trading on Wednesday after data showed that the country's private sector added more jobs than expected in May and the European Central Bank left interest rates unchanged at record lows. "There was nothing disturbing in the numbers," said Mark Luschini, chief investment...

  • *Synchronoss jumps on reports of possible sale. June 3- Wall Street was set to open higher after data showed that the U.S. private sector added more jobs than expected in May and the European Central Bank left interest rates unchanged at record lows. "There was nothing disturbing in the numbers," said Mark Luschini, chief investment strategist at Janney Montgomery...

  • *Dollar drops on optimism of Greece deal with creditors. *Intel drops after rating cut; biggest drag on indexes. June 2- U.S. stocks erased earlier losses to turned positive on Tuesday afternoon on optimism that Greece would strike a deal with its creditors, while weak U.S. data and bearish comments from a Federal Reserve board member allayed fears of a near-term...

  • Police met U.S. Airways flight 648, with 88 passengers and five crew on board, when it landed at Philadelphia International Airport due to a "possible security threat," said Victoria Lupica, a spokeswoman for U.S. Airways' parent company, American Airlines Group Inc. NBC and CNN reported that other U.S. commercial flights received bomb threats on Tuesday: a United...

  • *Juno jumps on report of AstraZeneca interest. June 2- U.S. stocks were lower in late morning trading, paring some of their losses earlier in the session, as weak factory orders data and bearish comments from a Federal Reserve board member allayed fears of a rate hike coming sooner rather than later. "Interest rates are not going to matter if they're rising because of...

  • 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...

  • 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...

  • NEW YORK, May 28- The euro rose on Thursday as Greece fought to reach an agreement with its lenders to avoid an imminent default, but mixed signals on the state of the negotiations kept other markets little changed. Creditors said progress in talks with Greece was too slow and a deal was still out of reach, a euro zone official told Reuters. I'm looking for an...

  • *Traders take profit after institutional month-end buying. *Corporate supply sends 30- year yields higher. NEW YORK, May 28- Long-dated U.S.

  • May 28- Amazon.com Inc said on Thursday it will offer limited free same-day delivery under its Prime shipping service as retailers try to outdo each other on delivery deals, and expanded the service to San Diego and the Tampa Bay Area. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99, plus 99 cents per unit.