President Obama said his first priority in the Malaysia Airlines passenger jet crash is to find out if Americans were on board. CNBC's Eamon Javers outlines how Obama spent his day.» Read More
WASHINGTON— An aviation official says global aviation leaders will meet in Montreal next week to initiate discussions on a plan to address safety and security issues raised by the shoot-down of a Malaysia Airlines jet over eastern Ukraine, as well as two other air crashes.
*Hamas sticks to demand embargo on enclave be lifted. *One killed in West Bank march is support of Gaza. United Nations Secretary-General Ban Ki- moon expressed horror at the Thursday attack on the school at Beit Hanoun in the northern Gaza strip.
*U.S. crude for September delivery was down 6 cents at $102.01 a barrel by 0024 GMT, after settling $1.05 lower. *The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.
WASHINGTON, July 24- Jade and rubies from Myanmar will remain banned from the United States unless the Asian nation moves to end a provision in its constitution that bars opposition leader Aung San Suu Kyi from running for president, a senior U.S. senator said on Thursday.
WASHINGTON— President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia. Obama welcomed Europe's earlier sanctions against Russia, but says the actions have come "not always as fast as we'd like."
He noted that the FAA ban came on the heels of last week's downing of a passenger jet by a missile in eastern Ukraine. Obama says that before lifting the ban, the FAA worked with Israel on a "checklist of concerns and mitigation measures" to ensure the safety of U.S. airlines. The FAA said the ban was imposed out of concern for the risk of planes being hit by Hamas rockets.
Diane Black, R- Tenn., who sponsored the bill. The White House says President Barack Obama supports making the tax credit permanent but that the administration opposes the bill because it would add $97 billion to the budget deficit over the next decade. The White House statement stopped short of threatening a veto.
WASHINGTON— In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.
At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.
WASHINGTON— Nearly 300 passengers perish when their plane is shot out of the sky. Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association.
Total U.S. money market mutual fund assets fell $2.18 billion to $2.56 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell $2.84 billion to $896.27 billion, the Washington- based mutual fund trade group said Thursday.
*Hamas sticks to demand embargo on enclave be lifted. GAZA/ JERUSALEM, July 24- Gazan authorities said Israeli forces shelled a shelter at a U.N.-run school on Thursday, killing at least 15 people as the Palestinian death toll in the conflict climbed over 760 and attempts at a truce remained elusive.
Nearly five years after Congress passed a law enabling future approval of biosimilars, for the first time the FDA has accepted an application to sell a similar, but not identical, version of a biologic drug.
By a 2-1 vote, a panel of the 11th U.S. Circuit Court of Appeals in Miami said on Thursday that U.S. courts lack power to review the claims because all relevant conduct took place outside the country and Chiquita's mere presence in the United States did not confer jurisdiction.
WASHINGTON/ FRANKFURT, July 23- After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?
WASHINGTON— The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers.
*Washington has concerns about Kurdish sales, Iraq split. A sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, and raises questions about Washington's commitment to preventing oil sales from the autonomous region.
WASHINGTON— Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The SEC said Morgan Stanley failed to accurately disclose the delinquency status of home mortgages backing two securities deals that it financed and sold in 2007..
*Hamas sticks to demand embargo on enclave be lifted. The Israeli military said its troops were fighting gunmen from Hamas, which runs Gaza, in the area and that it was investigating the incident.
NEW YORK/ WASHINGTON, July 24- The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275 million to settle the case, according to a press release.