Standard & Poor's Ratings Services is nearing a settlement with regulators over how the company graded real-estate bonds.» Read More
NEW YORK, July 8- The U.S. dollar fell against the Japanese yen on Tuesday as yields on long-dated Treasuries dropped for a second day, with investors wary of stocks heading into the U.S. corporate earnings season.
*Alcoa to report after market close; revenue seen down. NEW YORK, July 8- U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session as investors showed caution ahead of the start of earnings season.
NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors.
This was untrue, according to the SEC, because Kings Canyon failed to make some of the annual disclosures of financial information and other events that it had promised to make when it conducted three other bond offerings in 2006 and 2007..
*BP, Anadarko, IBV are partners in areas hit by writedown. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.
NEW YORK, July 8- Brent crude slid more than $1 a barrel on Tuesday, its seventh straight decline, hitting a one-month low below $109 as Libyan oil exports looked likely to rise and fears eased of supply disruption in Iraq. Brent has shed more than 5 percent since last month, when the Iraq crisis drove prices to a nine-month high of $115.71.
FED'S YELLEN TO TESTIFY ON MONETARY POLICY TO HOUSE OF REPRESENTATIVES PANEL ON JULY 16- HOUSE COMMITTEE SPOKESMAN.
CHICAGO, July 8- Federal regulators widened the recall of salmonella-tainted chicken produced by California- based Foster Farms to include products believed to have been send to military bases in five states to feed personnel and their families, according to U.S. Department of Agriculture on Tuesday.
WASHINGTON, July 8- U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy. Total consumer credit increased by $19.6 billion to $3.19 trillion, the Federal Reserve said on Tuesday. Analysts polled by Reuters expected an increase of $20 billion in the month.
July 8- The past 15 years of bubbles and busts notwithstanding, sometimes it may be best to just assume financial markets have got it right. The central problem facing investors today is how to reconcile patchy and uneven growth in the economy with very full valuations for stocks and other risky assets.
NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring with him to engage in insider trading while at the hedge fund, in a setback for U.S. prosecutors.
JOHANNESBURG, July 8- Two unions representing some of Telkom SA's workers said on Tuesday they would take the South African landline provider to court over possible job losses.
BUENOS AIRES, July 8- Argentina said on Tuesday it would meet with a mediator in the country's dispute with holdout investors for a second time this week, lifting market hopes for a deal needed to avoid another painful debt default.
RIO DE JANEIRO, July 8- Brazil's most promising offshore oil province, the Santos Basin, has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a Brazilian university study says, raising concern about the environmental sustainability of the country's new oil wealth.
WASHINGTON, July 8- President Barack Obama on Tuesday will nominate a nuclear non-proliferation expert for the position of No. 2 official at the Department of Energy, a White House official said.
NEW YORK, July 8- A federal judge has denied Wells Fargo's latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of discriminatory lending that led to a wave of foreclosures among minority borrowers.
FED'S YELLEN TO TESTIFY ON MONETARY POLICY BEFORE SENATE BANKING COMMITTEE ON JULY 15, COMMITTEE SAYS.
NEW YORK, July 8- Brent crude slid more than $1 a barrel on Tuesday, its seventh straight decline, hitting a one-month low below $110 as Libyan oil exports looked likely to rise and fears eased of supply disruption in Iraq. Brent has shed more than 5 percent since last month, when the Iraq crisis drove prices to a nine-month high of $115.71.
FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.
NEW YORK, July 8- That obesity can cut life short by causing strokes and other illnesses comes as no surprise, but a study reported on Tuesday quantifies the toll: The most extreme cases cut a person's lifespan more than cigarettes. The analysis, published in the journal PLOS Medicine, is the largest-ever study of the effect of extreme obesity on mortality.