LONDON— Bank of England policymakers remain split on raising interest rates, voting 7-2 at their last meeting to maintain a record low rate of 0.5 percent amid increasing pessimism about the global economy. Martin Weale and Ian McCafferty remained the only two voting for a hike and argued that the labor market is tightening. The decision comes days after the...» Read More
May 19- U.S. regulators have approved a new non-caloric sweetener from Japan's Ajinomoto Co that can be used as a substitute for sugar or high fructose corn syrup in foods and beverages. FDA said the product can be used as a tabletop sweetener or in baked goods, non-alcoholic beverages, frozen desserts, jams and jellies, chewing gum and other foods.
WINSTON- SALEM/NEW YORK May 19- Ousted New York Times editor Jill Abramson struck a defiant note on Monday in her first public remarks since the newspaper fired her, urging a group of university graduates to fight back in the face of adversity.
WASHINGTON/ NEW YORK/ ZURICH, May 19- U.S. prosecutors criminally charged Credit Suisse and two of its units with conspiring to willfully help Americans evade taxes, and the Swiss bank is expected to plead guilty later on Monday.
May 19- GoPro Inc, which makes wearable action cameras and accessories, filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock.
SYDNEY, May 20- After 35 years of banking with big Australian banks like National Australia Bank, Paula and Peter Samson closed their accounts to protest the lenders' exposure to the polluting fossil fuel industry.
The Financial Industry Regulatory Authority is looking at instances in which brokerage firms may have used algorithms to engage in abusive trades, or failed to supervise the use of algorithms by their advisers, Rick Ketchum, FINRA chairman and chief executive, told reporters at the regulator's annual conference in Washington.
May 19- Ophthotech Corp said it granted the rights to market its experimental eye drug outside the United States to a unit of Novartis AG. Ophthotech's shares rose as much as 29 percent in trading after the bell. Ophthotech said Novartis would develop and market the technology such as a pre-filled syringe to deliver the injectable eye drug.
May 19- French advertising agency Publicis Groupe SA and Facebook Inc have struck a multi-year digital marketing deal worth hundreds of millions of dollars, according to a person familiar with the matter.
*AT&T to buy DirecTV for $48.5 billion.
May 19- Teen apparel retailer Urban Outfitters Inc reported a quarterly profit below market expectations as costs jumped and tough competition forced the retailer to spend more on marketing. Urban Outfitters shares fell 3.5 percent after the bell on Monday.
*Bond yields rise after recent multi-month lows. NEW YORK, May 19- Longer-dated U.S. "The longer end of the market has run a long way," said Wilmer Stith, fixed income portfolio manager for Wilmington Trust in Baltimore, Maryland.
WASHINGTON, May 19- The U.S. Justice Department on Monday criminally charged Credit Suisse AG and two of its units with conspiring to willfully help Americans evade taxes, according to a court filing.
CREDIT SUISSE ASSISTED CLIENTS IN USING SHAM ENTITIES AS NOMINEE BENEFICIAL OWNERS OF THE UNDECLARED ACCOUNTS- US PROSECUTORS.
May 19- Ophthotech Corp said it granted the rights to market its experimental eye drug outside the United States to a unit of Novartis AG. Ophthotech said it could receive immediate payments including upfront fees of $200 million and milestone payments of $130 million.
CREDIT SUISSE AG AND TWO UNITS CHARGED BY U.S.
"We are in the process of encouraging... folks to figure out a way forward that allows a suspension agreement to take place," U.S. Department of Agriculture Secretary Tom Vilsack said on the sidelines of a conference in Mexico City.
May 19- Teen apparel retailer Urban Outfitters Inc reported a 20 percent fall in its quarterly profit as costs jumped. Urban Outfitters shares fell 3 percent in extended trading on Monday. Net income fell to $37.5 million, or 26 cents per share, for the first quarter ended April 30 from $47.1 million, or 32 cents per share, a year earlier.
AGRICULTURE DEPARTMENT WOULD SUPPORT A SUSPENSION AGREEMENT IN THE U.S.- MEXICO SUGAR TRADE DISPUTE- VILSACK.
NEW YORK, May 19- U.S. stocks closed higher on Monday, with another drop in bond yields supporting equities, while gains in Internet and biotech stocks gave the Nasdaq an outsized advance. Based on the latest available data, the Dow Jones industrial average rose 20.55 points or 0.12 percent, to end unofficially at 16,511.86.