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 $300,000 annually.» Read More
American Express Co. rose$. 96 or 1.1 percent, to $85.50. Capital One Financial Corp. rose$. 02 or percent, to $74.06. Discover Financial Services rose$. 13 or. 2 percent, to $55.28.
NEW YORK, April 14- Two former executives of a defunct New York broker-dealer were indicted Monday as part of a widening U.S. investigation into foreign bribery involving their employer and Venezuelan state economic development banks.
*Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.
American Express Co. rose $1.54 or 1.8 percent, to $86.08. Capital One Financial Corp. rose$. 26 or. 4 percent, to $74.30. Discover Financial Services rose$. 37 or. 7 percent, to $55.52.
RIO DE JANEIRO, April 14- The group representing Brazil's buyout industry is in talks with the government and lawmakers to implement a lower tax scheme on venture capital funds to help lure more money into the highly-risky segment, senior executives said on Monday.
*ECB's Draghi says stronger euro may trigger more easing. LONDON, April 14- Yields on government debt fell across the euro zone on Monday, with those on German Bunds hitting 10- month lows after European Central Bank chief Mario Draghi said a stronger euro might trigger further monetary easing.
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.
FRANKFURT/ LONDON, April 14- By expressing concern at the euro's strength, European Central Bank President Mario Draghi is trying to talk down the currency and avoid taking fresh action to tackle worryingly low inflation- but financial markets will test his resolve.
NEW YORK, April 14- U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.
April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.
Erik Oja, S&P Capital IQ U.S. banks equity analyst, explains what contributed to Citi's better-than-expected earnings and why he lowered his price target on the bank.
NEW YORK, April 14- The dollar rose against the euro on Monday after European Central Bank President Mario Draghi signaled the bank would ease monetary policy further, while strong U.S. retail sales data also boosted the dollar against the yen.
American Express Co. fell$. 46 or. 5 percent, to $84.08. Capital One Financial Corp. fell$. 03 or percent, to $74.01. Discover Financial Services rose$. 03 or. 1 percent, to $55.18.
April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday close on the New York Stock Exchange.
April 14- Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock.
NEW YORK— Financial services provider TIAA-CREF says it's buying investment manager Nuveen Investments in a deal valued at $6.25 billion including debt. Nuveen has about $221 billion in assets under management, bringing TIAA-CREF's total to about $800 billion. Nuveen is currently owned by an investor group led by investment firm Madison Dearborn Partners.
NEW YORK— Citigroup's first-quarter earnings rose, helped by declines in expenses and provisions for bad loans. EARNINGS: Citigroup reported a profit of $4.1 billion in the first quarter, after stripping out the effects of an accounting change and a tax item.
Citigroup reported Q1 EPS of $1.30 ex-items on revenue of $20.12 billion. David Hilder, Drexel Hamilton, says the company is fully capitalized.
Discussing the health of financial stocks right now, as well as the energy and technology space, with David Spika, Westwood Funds; Drew Matus, UBS; and Jonathan Golub, RBC.
Citigroup is reporting Q1 EPS of $1.30 ex-items on revenue of $20.12 billion, with the "Squawk Box" crew. Jonathan Golub, RBC chief U.S. market strategist, weighs in.
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.