NEW YORK— It's easy to dismiss Apple's new iPhones as merely catching up to Android. After all, phones running Google's Android system long have had larger screens. In addition, many Android phones already have the wireless chips that iPhones are getting for making credit card payments without pulling out a card at retail stores.» Read More
BRASILIA, May 21- Brazil's second-highest court dealt a blow to the banking industry on Wednesday by ruling in favor of depositors in a landmark case involving disputed compensation for savings dating back two decades.
WASHINGTON, May 21- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Wednesday the fallout from General Motors' delay in recalling millions of cars for faulty ignition switches has made automakers more sensitive about safety issues.
May 21- Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million cash as the Dutch oil company looks to pare its exposure to U.S. shale. Shell and other big peers including BP Plc have had less success than smaller companies tapping North America's vast shale formations.
WASHINGTON, May 21- Two former members of the U.S. auto task force that helped restructure General Motors Co in 2009 during its bankruptcy said they were not aware at the time of the defective ignition switches linked to at least 13 deaths.
May 21- TransCanada Corp is in talks with customers about shipping Canadian crude to the United States by rail as an alternative to its Keystone XL pipeline project that has been mired in political delays, Chief Executive Russ Girling said on Wednesday.
May 21- An Iowa-based egg producer and two of its executives are facing federal criminal charges in connection with a 2010 salmonella outbreak that led to the recall of more than a half-billion eggs in the United States, according to federal court documents filed Wednesday.
May 21- Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million.
May 21- AT&T Inc's planned takeover of DirecTV has been touted as a deal that will redefine video and broadband, but translating that to reality for a potential 70 million subscribers could take a while. One exciting benefit to consumers, AT&T has said, involves new service packages with DirecTV, Internet and home phone on one bill.
NEW YORK, May 21- U.S. regulators are investigating Charles Schwab Corp and Bank of America Corp's Merrill Lynch brokerage over whether they are doing enough to police their clients' identities, two sources said.
May 21- Activision Blizzard Inc said Vivendi S.A. will sell 41.5 million of the videogames publisher's shares, as part of a planned stake sale announced last July. Vivendi owned an 11.6 percent stake, or 83 million shares, in Activision as of October, according to Thomson Reuters data.
SEATTLE, May 21- Boeing Co Chief Executive Jim McNerney said the company wanted to be more like Apple Inc in the way it innovates, rather than doing a "moon shot" development every 25 years. Speaking in Seattle at an annual conference with analysts on Wednesday, McNerney also said Boeing's job was to improve execution and productivity to cut costs and boost margins.
NEW YORK, May 21- U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use. Goldman Sachs was the top gainer on the blue chip index, up 1.9 percent at $159.35.
NEW YORK, May 21- Medium- and longer-dated U.S. "The Fed's going to stay behind the curve" in raising rates, said Chris McReynolds, head of U.S. Treasury Trading at Barclays in New York, after the release of the minutes.
May 21- NetApp Inc forecast a current-quarter profit below market estimates after reporting a 4 percent fall in quarterly revenue, hurt by lower sales of data storage products. NetApp said it expects an adjusted profit of 53- 58 cents per share on revenue of $1.42- $1.52 billion for the first quarter.
SEC PROBE FOCUSES ON FAILURES BY MERILL, SCHWAB TO VERIFY IDENTITY OF ACCOUNT HOLDERS-SOURCES.
EXCLUSIVE-US SEC INVESTIGATING MERRILL LYNCH, CHARLES SCHWAB FOR ANTI-MONEY LAUNDERING VIOLATIONS-SOURCES.
SEC PROBE FOUND ACCOUNTS AT MERRILL, SCHWAB LINKED TO MEXICAN DRUG CARTELS-SOURCES.
SCHWAB HAS LAUNCHED INTERNAL INVESTIGATION INTO ANTI-MONEY LAUNDERING CONTROLS-SOURCE.
May 21- U.S. interest rates are staying low for quite some time, a backdrop which should, all else equal, favor emerging markets. The taper has become reality, and yet, amid signs of economic weakness from Europe and the U.S., market interest rates have dropped and the bid for riskier assets has generally been relatively good.
COLORADO SPRINGS, Colorado, May 21- The U.S. Air Force on Wednesday said it is very close to choosing Lockheed Martin Corp or Raytheon Co to build a new ground-based radar to track satellites and other objects in space, a deal analysts value at nearly $2 billion.