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  • FIFA's Valcke says he's beyond reproach Wednesday, 3 Jun 2015 | 12:33 PM ET

    PARIS, June 3- FIFA Secretary General Jerome Valcke said on Wednesday he was not guilty of any corrupt paractice in a $10 million bank transaction under investigation by U.S authorities and saw no reason to stand down. "I have no reason to say that I shouldn't remain secretary general regarding what's happened in the last days, because I have no responsibility," he...

  • Merkel outlines focus of German G7 presidency in op-ed Wednesday, 3 Jun 2015 | 12:33 PM ET

    BERLIN— German Chancellor Angela Merkel says the Group of Seven summit later this week will focus on issues like the Islamic State group, Ebola and the Russia- Ukraine conflict. In a newspaper op-ed published on Wednesday, Merkel says G-7 leaders will also discuss the global economic situation, climate change and commitments to end hunger.

  • CBS's Showtime streaming service to start in July Wednesday, 3 Jun 2015 | 12:32 PM ET

    June 3- CBS Corp said television network Showtime will premiere its online streaming service on Apple Inc's devices on July 12. Showtime's service is priced at $10.99 per month, while HBO Now costs $14.99. The Showtime streaming service can be used to view programs such as "Masters of Sex," "Shameless" and "Homeland.

  • An app to help you manage monthly bills, provide a mobile-friendly way to apply for food stamps and a service that helps you build savings automatically were among the creations of 14 startups that pitched their products to executives at JPMorgan Chase's New York headquarters last month. They were there as part of an initiative, called the Financial Solutions...

  • LONDON, June 3- Most base metals recovered on Wednesday after the dollar slid and following an options expiry, but nickel fell after inventories hit a new record high. Copper ended down 0.5 percent at $6,011 a tonne, recovering from an intraday low of $5,998, not far from a six-week low touched on Monday. "Prices are still largely range-bound, lacking any clear...

  • WASHINGTON, June 3- The Federal Aviation Administration said on Wednesday that it would place a higher priority on integrating drones into the national air space by appointing a senior adviser to coordinate relations with industry and other outside stakeholders. The job, which has not yet been filled, is the latest in a series of FAA actions to enhance its...

  • FIFA SECRETARY GENERAL JEROME VALCKE SAYS DOES NOT SEE WHY HE SHOULD NOT REMAIN IN POST, SAYS "I DON'T FEEL GUILTY".

  • NEW YORK, June 3- New York state issued on Wednesday its final rules for companies that operate in virtual currencies such as bitcoin, doing little to accommodate complaints that overly tight regulation could hamper a nascent industry. Benjamin Lawsky, superintendent of financial services for the state of New York, said the new digital currency rules known as...

  • CHICAGO, June 3- U.S. wheat futures rallied for the third day in a row on Wednesday as a falling dollar sparked a fresh round of short-covering, traders said. Wheat, which typically is the agricultural commodity that is most sensitive to moves in the greenback, has jumped 8.7 percent so far this week as the dollar has fallen to a two-week low against the euro.

  • FIFA SECRETARY GENERAL JEROME VALCKE SAYS DOES NOT UNDERSTAND REASONING BEHIND CORRUPTION ACCUSATIONS AGAINST HIM.

  • *OPEC expected to keep output target unchanged on Friday. OPEC, which pumps more than a third of the world's oil, is expected to reject any calls for output cuts, continuing to produce about 2 million barrels per day above demand. Oil prices, already volatile from the combination of a flighty dollar and the bearish mood over OPEC, briefly cut losses on the EIA report...

  • WASHINGTON, June 3- Two more Swiss banks, Rothschild Bank AG and Banca Credinvest SA, settled with U.S. authorities as part of a voluntary program to avoid prosecution over allegations they helped Americans evade taxes, the U.S. Justice Department said on Wednesday. Rothschild Bank will pay $11.5 million and Banca Credinvest will pay $3 million to resolve the...

  • FRANKFURT, June 3- Europe has lost some growth momentum and bond market volatility is here to stay, the European Central Bank said on Wednesday, pledging to see through its money printing scheme until its job of lifting the economy is done. In remarks after the bank left rates on hold at record lows, ECB president Mario Draghi also urged a deal with Greece, which is...

  • TEGUCIGALPA, June 3- Facing a wave of protests calling for his resignation, Honduran President Juan Hernandez said on Wednesday that his 2013 presidential campaign took money from companies linked to one of the worst corruption scandals in the country's history. But he said he and his National Party were unaware of where the money came from and hoped that an...

  • June 3- Proxy adviser Institutional Shareholder Services recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani were "problematic." Kordestani, who was re-hired in October to...

  • NEW YORK, June 3- Wall Street moved higher on optimism an agreement was on the horizon surrounding Greek debt and data pointed to a rebound in the U.S. economy, while German debt yields climbed after comments from European Central Bank President Mario Draghi. Greece threatened to miss a loan repayment to the IMF this week, opening the way for possible default, just...

  • *U.S. services growth slows in May- ISM, Markit. NEW YORK/ WASHINGTON, June 3- The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month. September is very much on table, "said Christopher Low, chief economist at FTN...

  • Sandberg on mourning: 'I want to choose life and meaning' Wednesday, 3 Jun 2015 | 11:41 AM ET

    NEW YORK— Sheryl Sandberg is marking the end of a period of intense mourning following the death of her husband by saying "I want to choose life and meaning." Sandberg, Facebook's No. 2 executive, lost her husband Dave Goldberg after he died in a treadmill accident while on vacation in Mexico a month ago. On Wednesday, she took to her Facebook page to mark the end of an...

  • *Synchronoss jumps on reports of possible sale. June 3- U.S. stocks rose in late morning trading on Wednesday on growing hopes that Greece would avert a default and as strong domestic data suggested the U.S. economic recovery was on track. "Greece is driving the market sentiment today," said Marshall Gause, chief executive officer of Geneva Fund Partners in Denver,...

  • New York regulator issues final bitcoin rules Wednesday, 3 Jun 2015 | 11:38 AM ET

    NEW YORK, June 3- New York state issued on Wednesday its final rules for virtual currencies such as bitcoin, easing regulations on the type of companies that could apply for a license. Benjamin Lawksy, superintendent of financial services for the state of New York, said the new digital currency rules known as the "BitLicense" will focus on overseeing financial...