GOP control of both the House and Senate would provide Hillary Clinton a clearer target courting voters fatigued by Washington dysfunction.» Read More
JOHANNESBURG, Aug 21- Surviving sickness can make you stronger. "If anything, I think it is teaching us something," Mustapha Sidiki Kaloko, the African Union's Commissioner for Social Affairs, told reporters in Addis Ababa this month.
WASHINGTON— Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
WASHINGTON, Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.
Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.
*U.S.- Russia ties soured by Ukraine crisis. MOSCOW, Russia, Aug 21- Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
WASHINGTON— Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week's figures were revised up slightly to 311,000..
WASHINGTON— Applications for US unemployment aid fall by 14 K to 298 K, another sign of improving job market.
WASHINGTON— The National Association of Realtors reports on sales of existing homes in July. The report is scheduled to be released at 10 a.m. Eastern on Thursday. Federal Reserve Chair Janet Yellen recently told Congress that housing has proven to be disappointing this year.
ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
Qualcomm is one of at least thirty foreign firms to come under scrutiny as China seeks to enforce a 2008 anti-monopoly law- efforts some critics say have unfairly targeted overseas businesses, raising protectionism concerns.
LONDON, Aug 21- Government leaders are expected to agree in November that the world's top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said.
NEW YORK, Aug 21- U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.
WASHINGTON— Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. But as with previous settlements with JPMorgan Chase and Citigroup, the true cost of that relief is likely to be a good deal less.
GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.
WASHINGTON, Aug 20- Two Russian-built rocket engines arrived in the United States on Wednesday aboard a giant Antonov cargo plane despite fears that tensions between the United States and Russia could disrupt the supply of engines needed to launch U.S. satellites into space.
*Ebola death toll rises to 1,350 in West Africa. MONROVIA, Aug 20- Police in the Liberian capital fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break an Ebola quarantine imposed on their neighbourhood, as the death toll from the epidemic in West Africa hit 1,350..
Two railroad workers were killed and two others were injured when the Union Pacific freight trains crashed. The Union Pacific rail line runs parallel to the highway, where traffic is being detoured. A Union Pacific spokesman didn't return phone and email messages from The Associated Press seeking comment.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.
Following a bevy of recent White House meetings, top officials have compiled specific recommendations from business groups and other advocates whose support could undercut GOP claims that Obama is exceeding his authority to help people who have already violated immigration laws.
WASHINGTON, Aug 20- The U.S. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting. "The committee as a whole has started to shift its stance," said Paul Dales, an economist at Capital Economics in London. "