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  • *Yahoo rallies after results; BofA falls. NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.

  • Capital One profit rises 10 pct due to lower provision Wednesday, 16 Apr 2014 | 4:25 PM ET

    April 16- Capital One Financial Corp's quarterly profit rose about 10 percent as the credit card issuer set aside less money to cover soured loans. The company's net income available to common stockholders rose to $1.14 billion, or $1.96 per share, for the first-quarter ended March 31, from $1.04 billion, or $1.77 per share, a year earlier.

  • NEW YORK, April 16- The dollar rose to the highest level in a week against the yen on Wednesday on signs of future buying of Tokyo stocks by Japan's state pension fund, but edged lower against the euro on traders' view that the Federal Reserve is maintaining a dovish stance.

  • NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low. Yahoo's shares rallied, giving a boost to the S&P 500.. The Nasdaq Composite Index jumped 52.06 points, or 1.29 percent, to close unofficially at 4,086.23.

  • WASHINGTON, April 16- Two U.S. senators on Wednesday pushed the Federal Reserve to write tough new rules to limit Wall Street's role in commodity markets, stepping up pressure for a clampdown on some of the country's largest banks.

  • April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.

  • NEW YORK, April 16- Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter of 2013..

  • ATHENS, April 16- National Bank of Greece was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros to boost its core capital.

  • Fed survey: Growth picks up across most of US Wednesday, 16 Apr 2014 | 2:01 PM ET

    WASHINGTON— A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Only Cleveland and St. Louis reported slower growth.

  • U.S. economic activity increased in most regions -Fed Wednesday, 16 Apr 2014 | 2:00 PM ET

    WASHINGTON, April 16- U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. Chicago reported that growth had picked up, while New York and Philadelphia said activity had rebounded from slowdowns related to severe weather earlier in the year.

  • NEW YORK, April 16- Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. "I do think we are seeing very meaningful progress, although clearly... the goal has not been achieved at this point," she told the Economic Club of New York.

  • *Rates on hold at 1 percent since September 2010. OTTAWA, April 16- Canadian central bank chief Stephen Poloz said on Wednesday an interest rate cut is still a possibility even though the bank forecasts inflation will pick up speed this year and approach its 2 percent target.

  • Midday Glance: Credit Card companies Wednesday, 16 Apr 2014 | 1:30 PM ET

    American Express Co. rose$. 96 or 1.1 percent, to $87.00. Capital One Financial Corp. rose$. 72 or 1.0 percent, to $75.24. Discover Financial Services rose$. 60 or 1.1 percent, to $56.10.

  • April 16- London- based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.

  • Yellen: Fed stimulus still needed for job market Wednesday, 16 Apr 2014 | 12:27 PM ET

    NEW YORK— Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.

  • NEW YORK, April 16- The length of time the Federal Reserve keeps its key interest rate near zero will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.

  • Bitcoin prospector mines digital gold     Wednesday, 16 Apr 2014 | 11:46 AM ET

    CNBC's Mary Thompson speaks with a bitcoin miner who runs a mini mining operation out of his basement.

  • April 16- London- based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.

  • Commercial loans key XLF growth: Analyst     Wednesday, 16 Apr 2014 | 11:36 AM ET

    Discussing loan growth in financials and the drag of litigation on Bank of America's earnings, with Gerard Cassidy, RBC Capital Markets lead banking analyst.

  • The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.

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