ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.» Read More
WASHINGTON/ NEW YORK, April 8- Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets.
US FEDERAL RESERVE JOINS OTHER REGULATORY AGENCIES IN ADOPTING TOUGHER LEVERAGE REQUIREMENTS FOR BIGGEST US BANKS.
April 8- Online marketer Constant Contact Inc said it expects quarterly revenue to rise by more than 15 percent, helped by new customer additions. The company said it expected revenue of $78.7 million to $78.8 million in the quarter ended March 31. The company also said it expected first-quarter net income of $650,000 to $750,000.
WASHINGTON, April 8- The U.S. Internal Revenue Service asked Congress on Tuesday for legal authority to regulate thousands of unlicensed tax return preparers, but lawmakers were neutral on the idea.
During the next two quarters, Intel will move assembly and testing from its site in Heredia, where it has been present since 1997, to existing sites in China, Malaysia and Vietnam, Mulloy said. Still, Intel will continue to have over 1,000 engineers finance and human resources employees in Costa Rica and do some research and development there.
*U.S. says Moscow behind separatists in eastern Ukraine. Fresh unrest in eastern Ukraine provided background support for Brent as traders worried that heightened tensions between Moscow and the Western powers might interrupt oil supply from Russia, one of the world's top oil exporters.
DETROIT, April 8- Hoping to boost demand for its slow-selling Volt hybrid, Chevrolet is planning to sell two versions of the redesigned 2016 Volt, including a lower-priced model with a smaller battery pack and shorter driving range, supplier sources told Reuters on Tuesday.
ROCHESTER, Minn., April 8- The Federal Reserve should do more to boost both inflation and jobs, a top Fed official said on Tuesday, including possibly pushing its main interest rate even lower or cutting the rate it pays banks on excess reserves kept at the U.S. central bank.
NEW YORK, April 8- U.S. stocks rose on Tuesday, snapping a three-day losing streak as investors bought beaten-down social media and Internet shares. The Dow Jones industrial average gained 10.40 points or 0.06 percent, to end unofficially at 16,256.27. The S&P 500 advanced 6.92 points or 0.38 percent, to finish unofficially at 1,851.96.
BRASILIA, April 8- Brazil's presidential vote will likely delay some investment decisions this year but spending on infrastructure is expected to remain strong, a senior government official told Reuters.
WASHINGTON, April 8- The eight biggest U.S. banks must raise a total of about $68 billion in capital by 2018 to comply with a new rule designed to prevent another financial crisis, prompting industry complaints that international standards are less restrictive and give their global competitors an advantage.
April 8- Satellite TV provider DirecTV said on Tuesday that it would resume airing The Weather Channel from Wednesday, ending a nearly three-month dispute. The Weather Company, the channel's parent, said on Jan. 14 that the channel would no longer be available on DirecTV, blaming the company for failing to agree to a market-based carriage deal.
The SEC, which announced the settlement on Tuesday, said CVS failed while marketing a $1.5 billion bond offering in September 2009 to disclose having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business, including from the former Caremark Rx Inc that it bought in March 2007.
Noting the rocketing growth of the global asset management industry, which is on track to more than quadruple in size by 2050 to $400 trillion, Bank of England executive director for financial stability Andy Haldane argued that funds may require closer and tighter supervision by regulators.
BRENT CRUDE OIL FUTURES SETTLE AT $107.67/ BBL, UP $1.85, 1.7 PCT.
CRUDE OIL FUTURES SETTLE AT $102.56/ BBL, UP $2.12, 2.1 PCT.
SAN FRANCISCO, April 8- Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday.
WASHINGTON, April 8- The U.S. Federal Deposit Insurance Corp voted on Tuesday to adopt tougher leverage requirements for the biggest U.S. banks. The rules set a leverage ratio of 6 percent for big banks and 5 percent for their holding companies. The new requirements would take effect in 2018, regulators said.
WASHINGTON, April 8- The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up, but it warned of rising risks in emerging economies.