GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • NEW YORK, Feb 23- U.S. Yellen will testify before Congress on Tuesday in a semiannual address on the economy and monetary policy to the Senate Banking Committee. "We did have a pretty meaningful sell-off," said Jonathan Lewis, chief investment officer at New York- based Samson Capital Advisors.

  • Feb 23- The Dow and S&P 500 ended lower on Monday, easing off recent record highs as lower oil prices dragged down energy shares, while the Nasdaq ended higher for a ninth session, helped by gains in Apple Inc shares.

  • *Brussels agrees to delay, Athens gives no reason. *Veteran leftist Glezos denounces Brussels deal. Germany, the biggest contributor to Greece's two bailouts totalling 240 billion euros, insisted earlier that any extra spending on Athens's list of reforms had to be offset by savings or higher taxes.

  • *Nigeria plans OPEC emergency meeting if selloff doesn't stop- FT. NEW YORK, Feb 23- Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries. Crude was down for almost the whole trading session, rising briefly after the...

  • Last year, Citigroup Inc agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis. JPMorgan Chase& Co also reached a $13 billion agreement with the regulator to settle similar government agency investigations, while Bank of America Corp settled mortgage probe with U.S....

  • President Barack Obama warned on Monday that a partial shutdown of the Department of Homeland Security would suspend pay for more than 100,000 border patrol, port inspection and airport security agents. Homeland Security spending authority will expire at midnight on Friday unless Congress approves new funding. A new $39.7 billion budget for the...

  • CHICAGO, Feb 23- Chicago Mercantile Exchange lean hogs finished higher on Monday on strong cash prices and the resumption of cargo loading following Friday's West Coast port labor agreement, traders said. Monday morning's average market-ready or cash hog price in Iowa/ Minnesota surged $3.29 per hundredweight from Friday to $63.01, the U.S. Department of...

  • Novartis' blood cancer drug wins U.S. approval Monday, 23 Feb 2015 | 3:18 PM ET

    Feb 23- The U.S. Food and Drug Administration approved Novartis AG's drug for treating a form of cancer that affects white blood cells. Multiple myeloma causes these cells to rapidly multiply and crowd out healthy blood cells from the bone marrow. The drug, Farydak, slows the multiplication of cells or causes them to die by blocking the activity of certain enzymes...

  • MIAMI, Feb 23- Catamaran builder Brian Hall is too young to remember when ferries plied the route between Florida and Cuba in the 1950 s, but he has plans to be among the first to revive the once-popular route. Boosted by President Barack Obama's policy of seeking to normalize relations with the Communist-ruled island after decades of U.S. isolation, Hall hopes to...

  • WASHINGTON, Feb 23- The Senate Banking committee is expected to hold a hearing next week on reforms aimed at the Federal Reserve, a Senate aide said on Monday, as lawmakers push for more transparency at the U.S. central bank. The Senate aide said the timing could change at the last minute, but for now, it was set for March 3. The Republican takeover of the Senate this year...

  • MEXICO CITY, Feb 23- Mexico has reached deals totaling around $300 million with two multinational companies following a probe into possible tax avoidance, the head of Mexico's tax authority said on Monday. In September, Reuters revealed that two companies at the heart of the probe were world No. 2 toymaker Hasbro Inc and No. 1 household product maker Procter&...

  • LOS ANGELES, Feb 23- Walt Disney Co named consumer products chief Bob Chapek the new chairman of its parks and resorts division, the company said in a statement on Monday. Chapek replaces Thomas Staggs, who was appointed Disney's chief operating officer earlier this month. In the new role, Chapek will oversee a unit that employs 130,000 people around the world and...

  • U.S. online marketplace for auto loans debuts Monday, 23 Feb 2015 | 2:59 PM ET

    NEW YORK, Feb 23- DriverUp, a U.S. online marketplace that allows hedge funds to invest directly in car loans, launched on Monday with a $50 million investment from venture capital firms. Before starting Sierra in 2012, Ellis founded Exeter Finance Corp, a subprime lender acquired by Blackstone Group LP in 2011.. Consumers took out $105 billion in auto loans in the...

  • Feb 23- Co-founder and Chairman Charlie Ergen will return to the helm of Dish Network Corp, which is struggling to stanch subscriber losses, when the incumbent chief executive steps down next month. Joe Clayton, 65, who has been CEO of the second-biggest U.S. satellite TV company since 2011 when Ergen relinquished the post, will retire on March 31.

  • WASHINGTON, Feb 23- Wall Street brokers and financial advisers could face new restrictions under a proposal put forth by President Barack Obama on Monday that the White House said could save Americans with retirement accounts billions of dollars each year. The White House's announcement is part of Obama's push to prioritize issues that resonate with the...

  • US Senate to hold Fed reform hearing on March 3-aide Monday, 23 Feb 2015 | 2:36 PM ET

    WASHINGTON, Feb 23- The Senate Banking committee is expected to hold a hearing next week on reforms aimed at the Federal Reserve, a Senate aide said on Monday, as lawmakers push for more transparency at the U.S. central bank. The hearing will be scheduled for the afternoon of March 3, the aide said. The new chairman of the Republican-led Senate Banking, Housing and...

  • BUENOS AIRES, Feb 23- Argentine President Cristina Fernandez's popularity has been driven down by the mysterious death of an investigator who accused the populist leader of trying to cover up a deadly 1994 bombing, a poll showed on Monday. Alberto Nisman was shot dead the night of Jan 18, four days after leveling his allegation against Fernandez.

  • NEW YORK, Feb 23- Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister said in an interview with the Financial Times, in a sign of growing alarm over the impact of oil's collapse on oil-producing economies. As OPEC president, she is responsible for liaising with member countries and the producer...

  • TORONTO, Feb 23- A train derailment in Canada this month that set ablaze several new-model tank cars carrying crude oil shows the need for tougher rail car standards, Canada's safety watchdog said on Monday. The Canadian National Railway Co. train, carrying crude and petroleum distillates, derailed in northern Ontario on Feb. 14, setting seven of its 100 cars on...

  • BOSTON, Feb 23- Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co, hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company. On Monday Barington nominated its founder James Mitarotonda, who currently sits on three...