WASHINGTON— The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:. Chair Janet Yellen gave few hints about the answers to such issues when she testified to Congress this month.» Read More
WASHINGTON, April 9- President Barack Obama this week celebrates the civil rights advances of 50 years ago which laid the groundwork for him to become the first black president, but his own record in making life better for the African-American community that catalyzed his election is mixed.
VANCOUVER, April 9- Just over a year ago, Canadian trucking firm Bison Transport took a bet on a potentially game changing technology, buying 15 big rigs powered by liquefied natural gas. After 14 months on the road, though, the Winnipeg- based company has found that the reality- at least initially- is less rosy.
SHANGHAI, April 9- Hong Kong shares extended gains from the previous day on increases in Tencent and casino shares as well as modest rises in mainland banking stocks, sending the Hang Seng Index to its highest intraday level since February. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.4 percent.
Republican Senator Marco Rubio, a possible 2016 White House contender, will unveil legislation on Wednesday to broaden the use of financial vehicles known as "income share agreements" that students can use to fund their higher education costs.
WASHINGTON, April 9- Executives from Comcast Corp and Time Warner Cable Inc are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2- billion deal was announced in February.
LARES, Puerto Rico, April 9- Mattress maker Angel Lopez is both a problem and an opportunity for the Puerto Rican government. The Lopez dilemma is playing out across Puerto Rico, which is a U.S. territory in the Caribbean.
*U.S. accuses Russian agents of stirring eastern Ukraine unrest. SINGAPORE, April 9- Brent futures held steady above $107 a barrel as geopolitical tensions over Ukraine worsened, overshadowing U.S. industry data that showed crude stockpiles in the world's largest oil consumer rose nearly six times more than expected.
NEW YORK, April 9- A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market.
WASHINGTON, April 9- Many public companies are on track to miss a May deadline for complying with new rules that require them to file disclosures that tell investors whether their products contain certain "conflict minerals" from a war-torn part of Africa, a new survey has found.
*U.S. wants higher standards than Japan- Australia trade deal. TOKYO, April 9- Japan and the United States on Wednesday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult.
*U.S. accuses Russian agents of stirring eastern Ukraine unrest. SINGAPORE, April 9- Brent futures held near $108 a barrel as geopolitical tensions over Ukraine worsened, overshadowing U.S. industry data that showed crude stockpiles in the world's largest oil consumer rose nearly six times more than expected.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.
SEOUL, April 9- As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales.
TOKYO, April 9- Japan and the United States on Wednesday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult. President Barack Obama visits Japan later this month.
*FamilyMart tumbles after earnings report. TOKYO, April 9- Japan's Nikkei share average hit a two-week low on Wednesday morning after Bank of Japan Governor Haruhiko Kuroda's comments the previous day raised doubts over whether the BOJ will ease its policy stance anytime soon, sending the yen higher.
SYDNEY, April 9- London copper hovered near one-week highs on Wednesday, underpinned by a weaker dollar and expectations demand from top consumer China would modestly improve in the seasonally strong second quarter. *The most-traded July copper contract on the Shanghai Futures Exchange was up 0.1 percent at 46,760 yuan a tonne.
April 8- German carmaker BMW is planning a second North American factory to cater to the rising demand for its vehicles, Bloomberg reported on Tuesday.
NEW YORK, April 8- Allstate Corp and Bank of America Corp's Countrywide unit have agreed to dismiss a lawsuit stemming from $700 million of toxic mortgage debt, according to a court filing on Tuesday.
April 8- The initial public offering of La Quinta Holdings, owned by the Blackstone Group, was priced at $17 per share on Tuesday, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares was priced below an expected range of $18 to $21 a share.
SINGAPORE, April 9- Gold was trading near its highest in two weeks on Wednesday, holding on to sharp overnight gains, as rising geopolitical tensions over Ukraine burnished its safe-haven appeal. *Spot gold rose nearly 0.1 percent to $1,309.22 an ounce by 0021 GMT, after gaining 0.9 percent in the previous session.