CARACAS, Venezuela— President Nicolas Maduro is ordering a cut in government spending as Venezuela grapples with a plunge in world oil prices that threatens to bring more hardship for the petroleum-dependent economy. Speaking on television Friday, Maduro said that under no circumstances will social programs be affected by the belt tightening.» Read More
July 23- Discount brokerage firm E* Trade Financial Corp reported a quarterly profit that narrowly beat estimates due to lower costs and as the company set aside less money to cover bad loans. E* Trade reported net income of $69 million, or 24 cents per share, in the second quarter ended June 30, compared with a net loss of $54 million, or 19 cents per share, a year earlier.
NEW YORK, July 23- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on bullish results from Apple, though Boeing dragged on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check. The Dow Jones industrial average fell 26.91 points or 0.16 percent, to end unofficially at 17,086.63.
NEW YORK, July 23- Standard& Poor's said on Wednesday it had raised New York state's debt rating by one notch, putting it just under a top investment grade, due to the state government's stronger budgeting practices.
CHICAGO, July 23- OSI Group, the U.S.-based meat supplier at the center of a new food safety scandal in China, on Wednesday admitted to problems at a plant in Shanghai that have cost the company business with top fast-food chain Yum Brands Inc..
The Securities and Exchange Commission on Wednesday adopted new rules aimed at forestalling runs on money market funds, notably one which will force' prime' institutional funds to allow their value to float.
NEW YORK, July 23- The U.S. dollar rose to eight-month highs against the euro on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth weighed on the single currency. Further escalation of tensions between Russia and Ukraine could weigh further on the euro if more trade sanctions are enforced on Russia.
NEW YORK, July 23- The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move that could impact railroads, drillers, refiners and railcar makers amid an energy boom.
FCC Chairman Tom Wheeler has sought to establish himself as a strong defender of consumer interests who would punish ISPs whose business practices may hurt consumers or competition.
CALGARY/ VANCOUVER, July 23- Talisman Energy Inc shares rose more than 12 percent on Wednesday as it confirmed it has been approached by Spain's Repsol SA about potential deals, raising the prospect that one of Canada's largest independent oil companies will sell off major assets or be taken over.
July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
*Weidmann says Britain gets economic lift from EU membership. LONDON, July 23- The head of the Bundesbank appealed to Britain on Wednesday to stay in the European Union, saying membership of the bloc had given the country an economic lift and posed little threat to London.
NEW HAVEN, Conn., July 23- A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.
But the downing last week of a Malaysia Airlines plane over eastern Ukraine, killing 298 people, jolted the EU into action. Foreign ministers for the first time this week singled out sectors of the Russian economy that the EU might target with sanctions in protest at Moscow's actions in eastern Ukraine.
WASHINGTON, July 23- A top official will leave the U.S. Commodity Futures Trading Commission to become the head of a banking group 10 days later in a spin through the revolving regulator-to-lobby-group door that is striking even by Washington standards.
U.S. sales of $585 million far exceeded Wall Street forecasts in the $485 million range. The drug is taking flight as patients with the progressive neurological disease move from injectable treatments to more convenient pills, including Novartis AG's Gilenya and Sanofi SA's Aubagio.
Seifi Ghasemi, who successfully executed a number of deals as CEO of Rockwood Holdings Inc, was appointed to the top position at Air Products last month and analysts expect him to divest some of the company's businesses.
NEW HAVEN, Conn., July 23- A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established in response to the 2008 financial crisis was sentenced on Wednesday to two years in prison.
LONDON, July 22- Like so much in the investment world of late, it's what financial markets are not doing right now that is most intriguing. Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in Iraq and Syria, Israel and Gaza, Ukraine and Russia.
FORMER JEFFERIES TRADER JESSE LITVAK SENTENCED TO TWO YEARS IN PRISON, $1.75 MLN FINE IN TARP FRAUD CASE- COURT HEARING.