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  • NYT: A Clinton story fraught with inaccuracies Monday, 27 Jul 2015 | 12:57 PM ET
    Then-Secretary of State Hillary Clinton checks her PDA upon her departure in a military C-17 plane from Malta bound for Tripoli, Libya October 18, 2011.

    It certainly seemed like a blockbuster: A criminal investigation of Hillary Clinton by the Justice Department was being sought by two federal inspectors general. The NYT reports.

  • July 21- U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase& Co, according to news reports. The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the...

  • BRUSSELS, July 13- A list of demands handed to the Greek government in order to secure a European bailout inspired a social media backlash against Germany and its hawkish finance minister, Wolfgang Schaeuble. #ThisIsACoup was the second top trending hashtag on Twitter worldwide- and top in Germany and Greece- as euro zone leaders argued through the night to...

  • July 9- The U.S. Internal Revenue Service is cracking down on hedge funds, challenging a tax strategy called "basket options" that is used to claim billions of dollars in tax savings, the New York Times reported. Today's guidance from the Administration is a win for taxpayers and brings us one step closer to a more fair and equitable tax code, "Senator Ron Wyden, the top...

  • July 9- The U.S. Internal Revenue Service is cracking down on hedge funds, challenging a tax strategy called "basket options" that is used to claim billions of dollars in tax savings, the New York Times reported. The head of a powerful U.S. Senate panel presented the findings of a year-long probe into basket options last July, accusing Deutsche Bank AG and Barclays Plc...

  • PARIS, July 8- Italian luxury label Fendi made its haute couture debut with an "haute fourrure" or high fur collection in Paris on Wednesday as a group of animal rights activists protested outside. Security in front of the Theatre des Champs Elysees was tight ahead of the runway show of mainly fur coats, capes and stoles, designed by Fendi creative director Karl...

  • US STOCKS-U.S. futures fall as China rout deepens Wednesday, 8 Jul 2015 | 7:28 AM ET

    *More than 30 percent has been knocked off the value of Chinese shares since mid-June, and for some global investors the fear that China's market turmoil will destabilize the real economy is now a bigger risk than the crisis in Greece. *Euro zone members have given Greece until Sunday to come up with convincing reform proposals in return for loans that will keep...

  • UPDATE 1-Microsoft plans major job cuts - NYT Wednesday, 8 Jul 2015 | 3:20 AM ET

    July 8- Microsoft Corp, the world's largest software company, plans to announce a new round of layoffs as early as Wednesday as it tries to cut costs further, the New York Times reported. The latest job cuts are in addition to the 18,000 jobs Microsoft said it planned to cut a year ago, the newspaper said, citing sources familiar with the matter. The layoffs are expected...

  • Microsoft plans major job cuts - NYT Wednesday, 8 Jul 2015 | 1:59 AM ET

    July 8- Microsoft Corp plans to announce a new round of layoffs as early as Wednesday to cut costs further, the New York Times reported. The latest job cuts are in addition to the 18,000 jobs that Microsoft said it planned to cut a year ago, the newspaper said, citing sources familiar with the matter. Reuters could not immediately reach Microsoft for comment outside...

  • July 7- CVS Health Corp said it was withdrawing its membership from the U.S. Chamber of Commerce after media reports that the trade group was lobbying globally against anti-smoking laws. The No. 2 U.S. drugstore chain said it was "surprised" to read recent reports on the chamber's position on tobacco products outside the United States. The New York Times reported...

  • SAN FRANCISCO, July 6- Reddit Chief Executive Ellen Pao on Monday issued an apology to users of the popular social news platform over the way the company handled the dismissal of a well-liked employee last week, a move that drew widespread outrage from users. The site's former Director of Talent, Victoria Taylor, was dismissed from the company on Thursday,...

  • MUNICH/ FRANKFURT, July 6- German broadcaster ProSiebenSat.1 and German publishing house Axel Springer have reignited talks for a merger, seeking to consolidate their push into digital media, two sources familiar with the matter said on Monday. Axel Springer, the publisher of Europe's best-selling tabloid Bild, and ProSieben, broadcaster of mass-market hits...

  • MUNICH, July 6- German commercial broadcaster ProSiebenSat.1 and German publishing house Axel Springer are in early-stage merger talks, a source familiar with the matter said on Monday. Both Axel Springer, the publisher of Europe's best-selling tabloid Bild, and ProSieben are in a race to adapt to rapidly changing markets. Meanwhile, Springer is moving away...

  • NEW YORK, July 2- Per Se, the three Michelin- starred Manhattan restaurant run by Thomas Keller, will pay $500,000 to settle charges it withheld tips from workers who staffed private dining events, even as it portrayed those tips to customers as gratuities. Thursday's settlement resolves a New York probe accusing Per Se, whose prix-fixe tasting menus cost $310...

  • NEW YORK, June 29- To restructure government debt Puerto Rico will need to reach a negotiated settlement with creditors or modify its constitution, a long and complicated undertaking that may not succeed. "If they go to any holders of debt and say do you want to swap this for that, that doesn't necessarily imply any changes," said Charles Blitzer, who advises funds on...

  • NEW YORK, June 29- Puerto Rico is "insolvent" and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit. The U.S. territory's future hinges on gaining eligibility for debt restructuring under the U.S. bankruptcy code, a process it does not currently have access to, said...

  • NEW YORK, June 29- Puerto Rico's governor, following a damning report by former IMF staffers about the U.S. Governor Alejandro Garcia Padilla said on Monday that over the next week, leaders would host meetings and briefings and tell citizens the steps the Commonwealth is taking to address Puerto Rico's problems. The report, made available late Sunday, said Puerto...

  • NEW YORK, June 29- Puerto Rico's governor on Monday said "difficult decisions" must be made after a damning report by former IMF staffers proposed debt restructuring and tough austerity measures for the crisis-hit island, which is struggling with $73 billion of debt. Puerto Rico's benchmark general obligation bonds that carry an 8 percent coupon and mature in...

  • "Everything that touches Puerto Rico, the debt, the monolines, the banks, will all sell off pretty aggressively," said Daniel Hanson, analyst at Height Securities. Assured Guaranty shares fell 19.8 percent while MBIA Inc fell 6.7 percent. Assured Guaranty said it insured over $6 billion in par value of Puerto Rico bonds as of the end of March.

  • June 28- Puerto Rico needs to restructure its debts and should make reforms including cutting the number of teachers and raising property taxes, a report by former International Monetary Fund economists on the Caribbean island's financial woes said. The report, which was obtained by Reuters, gave a damning review of how Puerto Rico has arrived at its current...