US consumer spending expected to slow in July, reflecting cooler weather and lower auto sales Malaysia Airlines to shed 6,000 staff as part of overhaul plan after disasters Asian stocks drift, Nikkei stabilizes after weak economic data China's Baidu, Tencent, Wanda announce e-commerce venture in challenge to Alibaba German fears of economic impact of Ukraine crisis growing, but Merkel's support strong Fed Chair Yellen's assets rose 8 pct. during 2013 to between $5.3 million and $14.1 million Inflation falls to 0.3 percent in countries that use euro; pressure is on central bank to act Tesla, state-owned Chinese phone carrier announce plans for 400 charging stations Apple expected to unveil iPhone with bigger screen, possible smartwatch at Sept. 9 event US economy grew at brisk 4.2 percent rate in April-June quarter, faster than first estimated» Read More
SANTIAGO, March 26- U.S. planemaker Boeing is positive that it can reach a market share in Latin America of least 50 percent of orders in coming years, a senior regional executive told Reuters on Wednesday.
March 26- Standard& Poor's asked a federal judge to split up the U.S. government's $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such "unmanageable scope" all at once.
KIEV, March 26- The International Monetary Fund concluded talks with Ukrainian officials on Wednesday, suggesting an imminent announcement of an aid deal for Kiev to help plug the government's budget gap and put its economy on a growth track.
March 26- Some bottles of Alli, GlaxoSmithKline Plc's weight-loss drug sold over the counter in the United States, have been tampered with, and the Food and Drug Administration was investigating, the company said on Wednesday.
WASHINGTON, March 26- Bank of America will pay $9.3 billion to Fannie Mae and Freddie Mac to settle claims that it sold them faulty mortgage-backed securities during the housing bubble, a U.S. regulator said on Wednesday.
*Facebook buys Oculus for $2 billion; shares fall nearly 7 pct. NEW YORK, March 26- U.S. stocks fell on Wednesday, led by losses in the technology and materials sectors, as geopolitical concerns rose after the United States and the European Union agreed to work together on tougher sanctions on Russia.
HONG KONG, March 27- China's property developers are turning to commercial mortgage-backed securities and looking at other alternative financing as creditors grow more discriminating in the face of rising concerns about the country's real estate and debt markets.
WASHINGTON, March 26- The software needed for the U.S. Navy's version of Lockheed Martin Corp's F-35 fighter jet could be delayed by four to six months, the U.S. general who runs the $392 billion program for the Pentagon said on Wednesday.
HOUSTON, March 26- The backlog of ships waiting to sail in or out of the Houston Ship Channel fell on Wednesday as officials cleaned a fuel oil spill in Galveston Bay, the head of the Houston Pilots said on Wednesday. Clint Winegar said the number of ships waiting to move in or out of the channel slid by 30 to 57 by Wednesday afternoon.
NUMBER OF SHIPS WAITING TO MOVE IN OR OUT OF HOUSTON SHIP CHANNEL DOWN 30 TO 57- HOUSTON PILOTS.
BACKLOG EXPECTED TO FALL TO 35 SHIPS BY MIDNIGHT, WHEN ALL MOVEMENT WILL STOP UNTIL DAYLIGHT- HOUSTON PILOTS.
Bank of America's ex-CEO Kenneth Lewis has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch.
March 26- Texas power generator Energy Future Holdings Corp is making a last ditch effort to reach a debt-restructuring deal with creditors before it seeks bankruptcy protection, the Wall Street Journal said, quoting sources familiar with the matter. EFH, formerly TXU Corp, was the largest generator in Texas, before a $45 billion buyout in 2007..
*China stimulus potential boosts emerging market currencies. President Barack Obama reignited geopolitical concerns surrounding Ukraine, while the potential for fresh stimulus from China boosted emerging market currencies.
NEW YORK, March 26- Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch& Co..
Federal Reserve on Wednesday rejected Citigroup's planned payout to shareholders because of shortcomings found in its annual check-up of the financial health of the country's biggest banks, the second time Citi was dealt a blow in the so-called stress tests.
WASHINGTON, March 26- The U.S. Federal Reserve on Wednesday objected to plans by Citigroup and four other banks to return capital to shareholders, saying it had uncovered deficiencies during an annual test of their financial robustness.
March 26- Saputo Inc, Canada's largest dairy producer, said it would close four factories this year, affecting about 180 employees. Saputo, which recently won control of Australian dairy Warrnambool Cheese and Butter Factory Co, said it would shutter two facilities in Alberta and one each in the U.S. states of Wisconsin and Maryland.
NEW YORK, March 26- U.S. crude gained more than $1 per barrel on Wednesday as inventories at the future's delivery point dropped for the eighth straight week, while Brent held steady, supported by supply outages in Nigeria and Libya and tensions over Russia's annexation of Crimea.
WASHINGTON/ DETROIT, March 26- A U.S. Senate panel has scheduled a hearing for April 2 into how General Motors Co and federal regulators addressed concerns about malfunctioning GM ignition switches over the past decade, with vehicle recalls finally announced last month.