WASHINGTON, Dec 5- President Barack Obama said on Thursday he intends to propose National Security Agency reforms to reassure Americans that their privacy is not being violated by the agency.» Read More
WASHINGTON, July 17- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank still expects to start scaling back its massive bond purchase program later this year, but he left open the option of changing that plan if the economic outlook shifted.
BEIJING, July 17- China needs another round of "decisive measures" to make sure it continues its successful economic growth as its margins of safety are falling amid growing domestic problems, the International Monetary Fund said in its latest report.
LONDON, July 17- Companies owning warehouses plan steep rises in storage charges to recoup lost income if the London Metal Exchange makes them shorten queues for its clients to withdraw metals such as aluminium, industry sources say.
NEW YORK, July 17- U.S. benchmark 10- year Treasuries yields fell below 2.50 percent on Wednesday, the lowest level in two weeks, after Federal Reserve Chairman Ben Bernanke said plans to reduce bond purchases were not set in stone.
NEW YORK, July 17- S&P 500 and Nasdaq futures rose on Wednesday after Federal Reserve Chairman Ben Bernanke affirmed the central bank's plan to begin scaling back its stimulus program later this year, though he stressed that could change if the economy's outlook changes.
WASHINGTON, July 17- U.S. housing starts and permits for future home construction unexpectedly fell in June, further evidence of a sharp slowdown in economic activity in the second quarter. The Commerce Department said on Wednesday housing starts dropped 9.9 percent to a seasonally adjusted annual rate of 836,000 units.
*Bernanke's testimony starts at 1400 GMT, prepared remarks at 1230 GMT.
WASHINGTON, July 17- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank still expects to start scaling back its massive asset purchase program later this year, but left open the option of changing that plan in either direction if the economic outlook shifted.
July 17- St. Jude Medical Inc on Wednesday posted higher-than-expected quarterly earnings and revenue, but sales of its medical devices dipped because of unfavorable foreign exchange trends.
LONDON, July 17- Beijing is preventing GlaxoSmithKline's head of finance for China from leaving the country, as police accuse the British drugmaker of bribing officials and doctors, a spokesman for the drugmaker said on Wednesday.
*Adj earnings 46 cents/ share vs Wall Street view 44 cents. The company, which in January spun off its branded prescription drugs business into a new company called AbbVie Inc, earned $476 million, or 30 cents per share, from continuing operations, compared with $411 million, or 26 cents per share, a year earlier.
SAO PAULO, July 17- Brazil's Embraer SA agreed to sell 50 E-Jets E2 planes to International Lease Finance Corp in a deal estimated at $2.85 billion at current list prices, according to a statement from the planemaker on Wednesday.
BRUSSELS, July 17- The European Commission will propose capping the fees that banks charge retailers to process card payments, according to draft legislation seen by Reuters that will squeeze an important money-spinner for lenders and cut costs for consumers.
BUENOS AIRES, July 17- Argentina, usually a key supplier of wheat to the world market, is facing a shortage of the grain that has stopped exports and prompted the government to adopt price controls in a bid to keep bread on consumers' tables ahead of mid-term elections.
July 17- Abbott Laboratories reported better-than-expected quarterly earnings on Wednesday as strong demand for its nutritional products offset lower sales of medical devices and generic prescription drugs.
*Bank of America edges up after earnings. NEW YORK, July 17- U.S. stock index futures were little changed on Wednesday, after the S&P snapped an eight-day winning streak that had vaulted the benchmark index to fresh record highs, ahead of testimony from U.S.
*Google has more than 80 pct share of EU search market. BRUSSELS, July 17- Google must do more to allay concerns that it is blocking competitors in web search results, the EU's antitrust chief said on Wednesday, after rivals criticised concessions it has offered as being inadequate.
LONDON, July 17- Global regulators will give markets some leeway in compiling financial benchmarks, stopping short of U.S. calls for more radical action to stamp out price-rigging. It follows public outrage after banks UBS, Barclays and RBS were fined $2.6 billion in total for manipulating the London Interbank Offered Rate or Libor.
July 17- Heart device maker St. Jude Medical Inc on Wednesday posted a lower second-quarter net profit, on costs related to the early retirement of debt. Second-quarter net earnings fell to $115 million, or 40 cents per share, from $244 million, or 78 cents per share, a year before.
July 17- Bank of America Corp reported a stronger-than-expected 70 percent rise in second-quarter profit, helped by higher revenue from equities sales and trading and a drop in expenses. Net income applicable to common shareholders rose to $3.57 billion, or 32 cents per share, from $2.10 billion, or 19 cents per share, a year earlier.