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  • WASHINGTON— The Supreme Court has declined to disturb the conviction of a former Goldman Sachs and Procter& Gamble board member on charges of conspiracy and securities fraud. The justices had no comment Monday on their order rejecting Rajat Gupta's appeal of his 2012 conviction for feeding lucrative inside tips about Goldman to a billionaire hedge fund...

  • WASHINGTON— Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. Under the Volcker Alliance's recommendations, the Federal Reserve would keep primary responsibility for financial stability. A new, independent Prudential Supervisory Authority would...

  • TOKYO, April 20- Japan and the United States continued the second of two days of tough trade talks on Monday that could pave the way for a broader trans-Pacific agreement, although Tokyo shrugged off expectations of a bilateral deal in time for a summit next week. Japanese Prime Minister Shinzo Abe, speaking on an evening news programme in Tokyo, said negotiators...

  • *China move boost Aussie, euro down on Greece worries. LONDON, April 20- Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default. This, in turn, contributed to an early rise in European shares,...

  • RALEIGH, N.C.— As 800,000 past and present tobacco farmers or their heirs seek part of a $340 million reserve held by a much-shrunken tobacco marketing cooperative, North Carolina's Supreme Court was asked Monday to decide if the group is simply too big and diverse for one class-action lawsuit. The court heard from attorneys about the fight over money built up...

  • *Aussie& kiwi outperform after latest stimulus by China. LONDON, April 20- The Australian and New Zealand dollars rose on Monday after China boosted banks' lending power to support Asia's biggest market, prodding investors globally into traditionally higher-risk currency plays. The latter touched a near one-month high of $0.7844 in Asia deals after the China...

  • WASHINGTON— Republican or Democrat, the next president will have the chance to remake the nation's health care overhaul without fighting Congress. A Democrat in the White House probably would use the waiver to build bridges to Republican governors and state legislators opposed to the law. But "you would be hard pressed to find a state that doesn't know what...

  • WASHINGTON— United Airlines stopped a prominent security researcher from boarding a California- bound flight late Saturday, following a social media post by the researcher days earlier suggesting the airline's onboard systems could be hacked. The researcher, Chris Roberts, attempted to board a United flight from Colorado to San Francisco to speak at a major...

  • Talks begin on Capitol Hill budget measure Monday, 20 Apr 2015 | 3:06 AM ET

    WASHINGTON— Lawmakers quarreled Monday over Medicare, taxes and almost $40 billion in unrequested money for overseas war-fighting as House and Senate negotiators kicked off work on a Republican budget blueprint for next year and beyond. Tom Price of Georgia, top negotiator for House Republicans, as he touted the version he largely drafted.

  • US, Japan talks fail to close gap on farm, auto trade Monday, 20 Apr 2015 | 12:35 AM ET

    TOKYO— The U.S. and Japan need further work to resolve differences on autos and farm exports that are hindering progress toward a Pacific Rim trade deal, U.S. The talks between Japan and the U.S. are part of negotiations among 12 nations participating in the U.S.-led Trans Pacific Partnership, which eventually aims to create a free trade zone in the Asia-Pacific...

  • WASHINGTON— U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday. "Growth in the first quarter appears to be an outlier within the broader economic outlook," said John Silvia, chief economist at Wells Fargo. Silvia is also president of...

  • Prologis purchases KTR Capital for $5.9 billion Sunday, 19 Apr 2015 | 5:02 PM ET

    WASHINGTON— Warehouse and distribution center operator Prologis Inc. says it has acquired KTR Capital Partners, which owns more than 300 industrial properties in the U.S. Prologis, which owns and operates more than 2,800 properties in North America, South America, Europe and Asia, will pay $5.9 billion for KTR. The acquisition will increase Prologis' presence...

  • WASHINGTON— United Airlines stopped a prominent security researcher from boarding a California- bound flight late Saturday, following a social media post by the researcher days earlier suggesting the airline's onboard systems could be hacked. The researcher, Chris Roberts, attempted to board a United flight from Colorado to San Francisco to speak at a major...

  • WASHINGTON— The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt. The head of the European Central Bank, Mario Draghi, said it was "urgent" to resolve the current dispute between Greece and its creditors. But French Finance...

  • WASHINGTON, April 18- The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." With the United States poised to hike interest rates, the panel- speaking for the Fund's 188 member nations- said moves...

  • WASHINGTON, April 18- Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday. Winning approval for the yuan's inclusion in the IMF's currency basket could raise China's standing in the global...

  • WASHINGTON, April 18- The International Monetary Fund warned in a communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. Those meetings conclude on Sunday and have taken place amid growing concerns cash-strapped Greece will fail to reach...

  • WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...

  • WASHINGTON, April 18- The International Monetary Fund warned in a draft communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. With the United States poised to hike interest rates, the IMF member nations said it was essential that moves to "policy...

  • MADRID— An investigation into an ex-minister and former International Monetary Fund chief over alleged fraud and money laundering is damaging Spain's ruling Popular Party, which faces a general election late this year, the prime minister said Saturday. Speaking at a hastily convened, unscheduled press conference in eastern Murcia, Mariano Rajoy...