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  • Midday Glance: Credit Card companies Wednesday, 9 Apr 2014 | 1:15 PM ET

    American Express Co. rose$. 97 or 1.1 percent, to $87.46. Capital One Financial Corp. rose$. 09 or. 1 percent, to $75.77. Discover Financial Services rose$. 33 or. 6 percent, to $56.78.

  • BofA paying $772M over selling credit card extras Wednesday, 9 Apr 2014 | 12:46 PM ET

    WASHINGTON— Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.

  • WASHINGTON, April 9- The city of Detroit on Wednesday struck a deal with bond insurers over a key class of debt in its landmark bankruptcy case that significantly reduces bondholder losses and could pave the way for agreements with other creditors.

  • *Senator opposes Comcast deal to buy Time Warner Cable. NEW YORK, April 9- U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.

  • By Laura Noonan and Gianluca Semeraro. LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.

  • Payments with clearXchange disrupts banking     Wednesday, 9 Apr 2014 | 11:20 AM ET

    Michael Kennedy, clearXchange CEO & co-founder, discusses his company's P2P network that allows customers to send person-to-person payments easily and securely with only an email address or phone number.

  • Report: Exchanges yield more specialty drug claims Wednesday, 9 Apr 2014 | 11:18 AM ET

    Numbers released Wednesday by Express Scripts point to a concern health insurers have had about the cost of the overhaul's coverage expansions, but the pharmacy benefits manager cautioned that its data represent "a very early analysis."

  • Detroit, bond insurers reach deal on $388 mln bonds Wednesday, 9 Apr 2014 | 10:41 AM ET

    WASHINGTON, April 9- Detroit has reached a settlement with three bond insurers on $388 million of its unlimited tax general obligation bonds, a court-appointed mediator said on Wednesday.

  • DETROIT SETTLEMENT WITH BOND INSURERS AMBAC, ASSURED, NATIONAL PUBLIC FINANCE GUARANTEE ALLOWS $388 MLN OF UTGO CLAIMS.

  • MEXICO CITY, April 9- Mexican inflation fell below the central bank's 4 percent limit in March, cooling a bit more than expected and backing bets for steady interest rates this year in Latin America's No. 2 economy.

  • NEW YORK, April 9- The dollar rebounded from one of its worst performances against the yen on Wednesday as the. The dollar on Tuesday posted its largest one-day fall versus the yen in more than seven months, with investors buying back the Japanese currency after the Bank of Japan held off on additional monetary easing.

  • AP Top Extended Financial Headlines At 3:16 p.m. EDT Wednesday, 9 Apr 2014 | 10:01 AM ET

    Fed minutes show officials struggling with language to convey future interest-rate levels Toyota recalls 1.8 M vehicles in the US— and nearly 6.4 M globally— for various defects Passwords, other sensitive data exposed to potential theft by' Heartbleed' security flaw US stocks rise following an encouraging start to corporate earnings, minutes from Fed meeting Database reveals Medicare paid some doctors $3 million or more apiece in 2012; one got $20.8 M Bank of America paying $772 M in settlement with US regulators over selling credit card extras Consumer products company P&G selling Iams, other pet food brands to Mars for $2.9 billion Small businesses waiting again for Congress to make decisions that could save them money Hewlett-Packard paying $108 M to resolve charges employees bribed officials in 3 countries Panera CEO looks to fix chain's' mosh pit' system of ordering

  • *U.S. to sell $21 billion in 10- year note supply. *Fed to buy $900 million to $1.15 billion in long-dated bonds. NEW YORK, April 9- U.S.

  • US stocks rally on Fed minutes, earnings news Wednesday, 9 Apr 2014 | 9:16 AM ET

    NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.

  • Ex-Anglo Irish bankers have some charges dropped Wednesday, 9 Apr 2014 | 8:58 AM ET

    DUBLIN— A judge has dismissed 13 fraud charges against two former executives of Anglo Irish Bank, the reckless lender that drove Ireland to the brink of national bankruptcy, as authorities continue to seek criminal convictions against directors of the ruined company.

  • April 9- Detroit has reached a settlement with bond insurers over the treatment of some bonds in the city's bankruptcy, and a court-appointed mediator is expected to announce the details later on Wednesday, a spokesman for the city said.

  • DETROIT AND BOND INSURERS IN SETTLEMENT IN SUIT OVER CITY'S PROPOSED PAYOUT TO UNLIMITED TAX GENERAL OBLIGATION BONDHOLDERS-CITY SPOKESMAN.

  • Court overturns ex-banker's extradition to Russia Wednesday, 9 Apr 2014 | 8:12 AM ET

    Mukhtar Ablyazov, a former Kazakh energy minister and onetime chairman of BTA Bank, has been jailed since police special forces seized him at a home on the French Riviera last summer. Russia and Ukraine, which both have BTA branches, sought Ablyazov on allegations he siphoned off billions from the bank.

  • LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.

  • That caused colossal losses for banks and tarnished securitisation, which has yet to recover in Europe with Nomura estimating the market now to be 650- 700 billion euros, half its pre-crisis size.

Banks

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