The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
LOS ANGELES, Feb 10- Filling out the federal financial aid form known as the FAFSA "is one of the first and most important steps" to getting a college education, First Lady Michelle Obama told a group of parents and students attending a FAFSA workshop at a Virginia high school on Wednesday.
*Nonfarm payrolls expected to have risen 185,000 in January. WASHINGTON, Feb 7- U.S. employment likely rebounded in January after being held back by cold weather the prior month, which would offer assurance that economic growth was not faltering.
Feb 5- Shares of Continental Building Products Inc, controlled by private equity firm Lone Star Funds, rose as much as 13 percent in their market debut, valuing the company at about $694 million. The company raised $165.2 million after its initial public offering of 11.8 million shares was priced at $14 per share, significantly below its expected range of $16- $18.
Feb 5- Shares of Continental Building Products Inc, controlled by private equity firm Lone Star Funds, rose as much as 11 percent in their market debut, valuing the company at about $682 million. The Reston, Virginia- based company's shares opened at $14.66 and touched a high of $15.48 on the New York Stock Exchange on Wednesday.
Feb 5- Almost 900,000 homes and businesses were without power in the U.S. The hardest hit state was Pennsylvania with over 640,000 customers out Wednesday morning. Other affected states were Maryland, West Virginia, Arkansas, New Jersey, Kentucky, Delaware, Ohio, Virginia, Indiana and New York.
Feb 4- Private equity-owned Continental Building Products Inc's initial public offering was priced at $14 per share, an underwriter told Reuters, significantly below its expected range of $16- $18.
Feb 3- A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
Feb 3- A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
Feb 3- Kratos Defense& Security Solutions Inc said it won a five-year contract worth up to $7.92 billion from the U.S. Navy, sending its shares up 27 percent to a more than two-year high.
WASHINGTON, Jan 30- U.S. officials are likely to allow China's Lenovo Group to buy IBM's low-end server business and Google Inc's Motorola Mobility handset business if it agrees to concessions aimed at protecting U.S. national security, experts said.
WASHINGTON, Jan 23- Boeing Co and General Dynamics Corp on Thursday each agreed to give the U.S. Navy $200 million in aircraft and services to settle an epic, 23- year legal dispute over cancellation of the $4.8 billion A-12 stealth aircraft in 1991..
*Lenovo to offer jobs to 7,500 IBM employees. BEIJING, Jan 23- Chinese PC maker Lenovo Group Ltd agreed to buy IBM Corp's low-end server business for $2.3 billion in what is set to be China's biggest technology deal.
WASHINGTON, Jan 22- General Dynamics Corp shares rose more than 5 percent on Wednesday after the maker of Gulfstream business jets and Navy ships posted higher-than-expected quarterly results, and pledged to buy back 11.4 million shares in the first quarter.
WASHINGTON, Jan 17- The U.S. Federal Trade Commission has approved the $2.5 billion purchase of regional grocer Harris Teeter Supermarkets Inc by Kroger Co, deciding the transaction does not violate anti-trust law, the companies said on Friday.
*Fourth-quarter earnings $1.45/ share vs est. Jan 16- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported lower-than-expected quarterly results as net interest income fell in both its credit card and consumer banking businesses.
*Q4 earnings per share $1.45 vs estimates of $1.55. Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported quarterly results that missed estimates as net interest income fell in both its credit card and consumer banking business.
WASHINGTON, Jan 15- American Airlines will halt year-round, daily nonstop service to 17 cities from Washington's Reagan National Airport as a result of the divestiture of slots required by the U.S. government for American's merger with US Airways, the company said on Wednesday.
WASHINGTON, Jan 15- A judge on Wednesday upheld subsidies at the heart of President Barack Obama's healthcare overhaul, rejecting one of the main legal challenges to the policy by conservatives opposed to an expansion of the federal government.
Jan 15- As more cyber thieves steal personal and financial information, can you insulate yourself from the risk of having your money and identity stolen by giving up credit and debit cards? Many consumers are rethinking their use of plastic after a massive cyber attack on retailers such as Target Corp and Neiman Marcus.
WASHINGTON, Jan 15- A federal judge on Wednesday rejected a conservative challenge to health insurance subsidies available to people in the 34 U.S. states that declined to establish their own online marketplaces under President Barack Obama's healthcare law.