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  • UPDATE 2-U.S. urges EU, IMF to be flexible with Greece Wednesday, 27 May 2015 | 12:27 PM ET

    Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of Seven finance ministers in Dresden, Germany. Finance ministers from the United States, Japan, Germany, France, Italy, Britain and Canada are meeting in Dresden on Thursday and Friday, and although Greece is not formally on the agenda, it will be...

  • WASHINGTON, May 27- The head of the Financial Industry Regulatory Authority on Wednesday took aim at the U.S. Labor Department plan to reduce conflicts among brokers who offer retirement account advice on Wednesday, saying it is "not the way to go." The Labor Department plan, unveiled in April, would require brokers who offer retirement advice to enter into "best...

  • May 27- The head of the Financial Industry Regulatory Authority on Wednesday took aim at the U.S. Labor Department plan to reduce conflicts among brokers who offer retirement account advice on Wednesday, saying it is "not the way to go." The Labor Department plan, unveiled in April, would require brokers who offer retirement advice to enter into "best interest"...

  • The first report from a big public-private project to improve genetic testing reveals it is not as rock solid as many people believe, with flaws that result in some people wrongly advised to worry about a disease risk and others wrongly told they can relax. "We have very clear documentation that there are differences in what patients are getting" in terms of how...

  • US bank earnings up 6.9 percent in Q1 Wednesday, 27 May 2015 | 10:35 AM ET

    The data issued Wednesday by the Federal Deposit Insurance Corp. showed "gradual but steady improvement" for the banking industry, FDIC Chairman Martin Gruenberg said at a news conference. The FDIC reported that U.S. banks earned $39.8 billion in the first quarter, up from $37.2 billion a year earlier. The number of banks on the FDIC's confidential "problem list"...

  • Unemployment rates fell in 23 US states in April Wednesday, 27 May 2015 | 10:27 AM ET

    Wyoming lost jobs, while North Dakota reported a small gain. Nebraska reported the lowest unemployment rate at 2.5 percent, followed by North Dakota at 3.1 percent. North Dakota had boasted the lowest rate for nearly every month since the Great Recession, but the figure has climbed from 2.7 percent a year earlier in part because of layoffs by oil drillers.

  • EPA issues final rules protecting drinking water, streams Wednesday, 27 May 2015 | 10:02 AM ET

    The rules issued Wednesday by the Environmental Protection Agency and the U.S. Army Corps of Engineers are designed to clarify which smaller waterways fall under federal protection. The EPA has said 60 percent of the nation's streams and waterways are vulnerable, and these rules clarify which of those waters are protected. The House voted to block the...

  • *Parliament to vote on May 28 and June 10 on EU-U.S. deal. BRUSSELS, May 27- The European Parliament will seek to support a trade deal with the United States in two crucial votes, but the issue of how companies settle disputes will remain the pact's Achilles heel, a senior EU lawmaker said on Wednesday. While an accord will not be ready before 2016, the European...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's growing economic clout. The United States is likely to use the talks, beginning late on...

  • G7 finance chiefs meet with growth problem to fix Wednesday, 27 May 2015 | 4:47 AM ET

    U.S. expected to press Europe to reach deal on Greece. The United States is likely to use the talks, beginning late on Wednesday and running through to Friday, as an opportunity to press Europe to reach a funding-for-reforms deal with Greece, an official close to the discussions said. Hosts Germany have given the meeting in Dresden the heading "Towards a Dynamic...

  • WASHINGTON— Congress is demanding answers about how identity thieves were able to steal the personal tax information of more than 100,000 taxpayers from an IRS website. Senate Finance Committee Chairman Orrin Hatch has requested a confidential briefing by IRS officials by the end of next week. The IRS said it is notifying taxpayers whose information was...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • WASHINGTON— Reynolds American's proposed $25 billion acquisition of rival Lorillard has cleared a key regulatory hurdle to move closer to completing a deal that will unite some of the nation's top cigarette brands. To get the deal done, Reynolds is also selling Lorillard's dominant Blu e-cigarette brand to Imperial in addition to a Greensboro, North...

  • Rates mixed at weekly auction of US Treasury bills Tuesday, 26 May 2015 | 7:23 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, unchanged from last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.085 percent, up from 0.080 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,995.68.

  • WASHINGTON— It turns out that being the first woman to head the Federal Reserve is not the only tradition Janet Yellen is breaking. The Fed said Tuesday that she plans on skipping this year's gathering of the world's central bankers at Jackson Hole, Wyoming. The faithful attendance of Yellen's three predecessors— Paul Volcker, Alan Greenspan and Ben Bernanke—...

  • FBI director meets with Connecticut police chiefs Tuesday, 26 May 2015 | 4:50 PM ET

    NEW HAVEN, Conn.— On a visit with Connecticut police chiefs, FBI Director James Comey said Tuesday that he spoke about how law enforcement can participate better in the national conversation about race and policing. "As you would expect in the Nutmeg State, it was a thoughtful and rich conversation," said Comey, a former attorney for Bridgewater Associates, a...

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • Figures on government spending and debt Tuesday, 26 May 2015 | 4:07 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— Sophisticated criminals used an online service run by the IRS to access personal tax information from more than 100,000 taxpayers, part of an elaborate scheme to steal identities and claim fraudulent tax refunds, the IRS said Tuesday. In order to access the information, the thieves cleared a security screen that required knowledge about the...

  • WASHINGTON, May 26- A gauge of U.S. business investment spending plans rose solidly for a second straight month in April and consumer confidence perked up this month, signs economic growth was picking up after sputtering in the first quarter. "These are likely just the first of what is expected to be a large number of reports showing the economy is bursting with new...