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  • BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.

  • April 18- Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.

  • Banks retreat from Russian deals Friday, 18 Apr 2014 | 12:50 PM ET

    Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.

  • Bank of Cyprus sells business in Ukraine, Romania Friday, 18 Apr 2014 | 12:01 PM ET

    FAMAGUSTA, Cyprus— Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender. Bank of Cyprus says it has completed the sale of its loss-making operations in Ukraine to Alfa Group for 202.5 million euros— 10 percent less than the original price.

  • AP Top Financial News At 9:45 p.m. EDT Friday, 18 Apr 2014 | 11:02 AM ET

    5 features an Amazon phone might offer Venture investments highest since 2001 Unemployment rates fall in 21 US states last month Mazda recalls 109,000 older SUVs for rust problem Advice to Democrats: Don't say' recovery' Calpine selling six power plants for $1.57 B Chobani to expand offerings amid competition Earnings season starts rough for health insurers Providence, RI, sues firms over stock trades Asia stocks rise in abbreviated trading

  • AP Top Extended Financial Headlines At 9:45 p.m. EDT Friday, 18 Apr 2014 | 11:02 AM ET

    Here are 5 features the device might offer. Venture investments soar 57 percent in 1st quarter to highest level since 2001 More than 2/ 3 of US states had job gains in March, while unemployment rate fell in 21 states Mazda recalling 109,000 older Tribute SUVs to fix frame rust problem Democrats urged not to mention the word' recovery' in upcoming campaign Calpine says it will sell six Southeast power plants to LS Power for $1.57 B Chobani to expand product offerings with desserts, dips as it faces intensifying competition UnitedHealth starts earnings season rough for fellow health insurers Providence, RI, sues financial firms, says they defrauded investors with high-speed trading Asian stock markets rise in abbreviated trading

  • Earnings season starts rough for health insurers Friday, 18 Apr 2014 | 11:02 AM ET

    Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. Earnings at UnitedHealth slumped 8 percent in the most recent quarter as it juggled funding cuts to Medicare Advantage plans and new costs from the health care overhaul.

  • Venture investments highest since 2001 Friday, 18 Apr 2014 | 12:02 AM ET

    Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the first quarter of 2013. It was the highest since the second quarter of 2001, when investments reached $11.5 billion. Since March, shares of companies such as Netflix, Twitter and Facebook have sagged.

  • Michaels confirms breach of as many as 2.6M cards Thursday, 17 Apr 2014 | 5:29 PM ET

    NEW YORK— Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected.

  • NEW YORK, April 17- Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset small declines in its real estate unit.

  • NEW YORK, April 17- Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday.

  • NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.

  • TREASURIES-Prices fall on strong data, before supply Thursday, 17 Apr 2014 | 12:31 PM ET

    NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region expanded in April at a faster clip than expected.

  • LONDON, April 17- Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a BoE policymaker showed on Thursday.

  • April 17- UnitedHealth Group Inc, the largest U.S. health insurer, said on Thursday it has spent more than $100 million to cover a pricey new hepatitis C drug from Gilead Sciences Inc, a higher cost than it expected by "multiples," sending shares in the sector lower.

  • MS story stronger, longer-term: Pro     Thursday, 17 Apr 2014 | 11:30 AM ET

    Brennan Hawken, UBS director of equity research, breaks down the quarterly earnings of Morgan Stanley and Goldman Sachs.

  • 2 ex-Anglo Irish Bank directors convicted of fraud Thursday, 17 Apr 2014 | 10:55 AM ET

    DUBLIN— Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal— the first convictions to stem from a banking crisis that brought Ireland to the brink of national bankruptcy.

  • Kevin Kabat, Fifth Third Bancorp president & CEO, discusses the bank's quarterly earnings and the current regulatory environment in financials. Serving our customers is a key cog in helping move the economy forward, says Kabat.

  • CNBC's David Faber and Morgan Stanley chairman and CEO James Gorman, discuss when banks will finally be clear of legacy issues stemming from the financial crisis and attracting new talent.

  • Barclays reorganizes management of investment bank Thursday, 17 Apr 2014 | 10:31 AM ET

    Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division.

Banks

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