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.» Read More
As a result, the dollar index has just about relinquished all of its gains made since the head of the U.S. central bank on March 19 suggested that interest rates may rise as soon as early next year.
WASHINGTON, April 9- Russia's central bank made the right decision to defend the rouble in the short term and prevent excessive volatility in the exchange rate when the Ukraine crisis escalated, a senior official at the World Bank said on Wednesday.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to policymakers' fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticipated.
American Express Co. rose $2.23 or 2.6 percent, to $88.72. Capital One Financial Corp. rose$. 66 or. 9 percent, to $76.34. Discover Financial Services rose$. 77 or 1.4 percent, to $57.22.
NEW YORK, April 9- U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to fresh forecasts that appeared to map out a more aggressive cycle of interest rate increases than policymakers actually anticipated.
WASHINGTON, April 9- Detroit on Wednesday struck a deal with a core group of creditors that could ease concerns about the treatment of certain bonds in its landmark bankruptcy case and pave the way for compromises with other creditors.
NEW YORK, April 9- U.S. stocks finished sharply higher on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected. The Dow Jones industrial average rose 181.04 points or 1.11 percent, to end unofficially at 16,437.18.
*Gold up as dollar falls to two-week low vs euro. NEW YORK/ LONDON, April 9- Gold rose on Wednesday, boosted by a weaker dollar and the release of Federal Reserve minutes that eased concerns the central bank was set to hike interest rates soon after it ended its massive monetary stimulus later this year.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
NEW YORK, April 9- Energy companies are mounting a last-ditch effort to prevent the Federal Reserve from cracking down on physical commodity trading by major Wall Street banks, saying more restriction may further damage liquidity and raise hedging costs.
April 9- Bond insurer FGIC Corp. on Wednesday said it has received proposals from "credible third parties" for acquiring or monetizing the Detroit Institute of Arts' collection that would generate $1 billion to $2 billion for the bankrupt city.
LONDON, April 9- Royal Bank of Scotland has agreed to pay 1.5 billion pounds to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender's eventual privatisation.
NEW YORK, April 9- The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the U.S. central bank may not raise interest rates anytime soon.
BOND INSURER FGIC SAYS HAS RECEIVED CREDIBLE PROPOSALS FOR ACQUIRING OR MONETIZING DETROIT INSTITUTE OF ARTS COLLECTION THAT WOULD GENERATE $1 BLN- $2 BLN OF PROCEEDS.
NEW YORK, April 9- U.S. stocks jumped on Wednesday, with the three major indexes hitting session highs after the minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.
WASHINGTON— The Federal Reserve struggled last month over how to convey to investors that it will raise short-term interest rates only slowly once it increases them from record lows. "Don't look for early or very many rate hikes any time soon," Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, said of the minutes.
WASHINGTON, April 9- Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday. Bank of America neither admitted nor denied wrongdoing, the bureau said.
CNBC's Jon Fortt and CNBC contributor Natali Morris explain an exposed security flaw affecting most of the internet.
CNBC's Mary Thompson reports data from Javelin Research and Strategy says the cost of debit and credit card fraud in 2013 rose to $11 billion from $8 billion in 2012.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.
Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.
Brennan Hawken, UBS director of equity research, breaks down the quarterly earnings of Morgan Stanley and Goldman Sachs.