BRASILIA, May 30- The Brazilian government posted a primary budget surplus in April well above market expectations due to a seasonal increase in tax revenues and a drop in subsidies, a senior official said on Monday. Treasury chief Otavio Ladeira said the steep surplus was due to an increase in the collection of the annual income tax due in April and a drop in... » Read More
TALLAHASSEE, Fla.-- The president of the Citizens Property Insurance Corp. said Monday he supports an investigation into its business operations by Gov.
It ruled the club has failed to prove it qualifies for the exemption for "dramatic or musical arts performances" that was adopted by the Legislature "with the evident purpose of promoting cultural and artistic performances in local communities."
NEW YORK-- New York City Mayor Michael Bloomberg is poised to spend $500,000 of his personal fortune on gay marriage campaigns in Maine, Minnesota and Washington state, he said Monday, following up on a major political spending push the billionaire businessman-turned-politician announced last week.
WELLINGTON, Fla.-- B/E Aerospace Inc., which makes products for aircraft cabins, said Tuesday that third-quarter income fell 72 percent on acquisition and debt-prepayment costs. The company raised its forecast for full-year earnings, excluding debt-prepayment costs, to $2.82 per share from $2.65 per share.
RENO, Nev.-- Two federal agencies violated the Endangered Species Act and now must reconsider additional protection for the Lahontan cutthroat trout and other rare fish adversely affected by the 700- mile Ruby pipeline that carries natural gas from Wyoming, through Utah and Nevada into southern Oregon, a federal appeals court ruled Monday.
Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.
The IdaCorp Inc. unit on Monday told the Federal Energy Regulatory Commission its Sept. 20 order was premature and disregards negative impacts on ratepayers. Idaho Power and other utilities have been scuffling with wind farms over whether utilities can curtail contractually-required purchases at times when few customers need electricity.
LONDON-- The BBC has become the latest large institution to find itself accused of failing to stop sex abusers in its midst, with its chief acknowledging Tuesday that a "cultural problem" within the broadcaster had allowed the late TV host Jimmy Savile to molest children and teenagers for decades.
NEW YORK-- Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. The two companies also entered into a seven-year pact under which TD Bank will underwrite, fund and own future Target credit card and Target Visa receivables in the U.S.
MILAN-- An Italian investigation into alleged corruption in the awarding of international contracts to aerospace and defense giant Finmeccanica led to the arrest Tuesday of the company's former commercial director and has implicated a former Cabinet minister.
NEW YORK-- Coach Inc. reported a 3 percent increase in first-quarter profits as the luxury accessories retailer's results were powered by strong sales in the U.S. and overseas, particularly China. The New York- based retailer also said Tuesday that its board authorized the repurchase of up to $1.5 billion of its outstanding stock by June 30, 2015.
Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."
RICHMOND, Va.-- Reynolds American Inc.' s third-quarter profit grew nearly 7 percent as higher prices and smokeless tobacco gains helped offset a decline in the number of cigarettes it sold.
LONDON-- Financial markets were on the defensive Tuesday ahead of another round of U.S. corporate earnings, including from Facebook, and amid uncertainty over the outcome of the U.S. presidential election. Facebook's earnings results after the market close will be key for its future.
LAGOS, Nigeria-- Royal Dutch Shell PLC warned Tuesday that it won't be able to make its estimated production for two types of oil pumped from Nigeria, largely blaming attacks on its pipelines by thieves wanting to steal crude.
HELSINKI-- Nokia Corp. is planning to raise 750 million via an issue of bonds as part of an effort to build up its reserves ahead of next month's launch of phones running Microsoft's new Windows 8 software. Last week, Nokia posted a third-quarter net loss of 969 million as sales dwindled 20 percent to 7.2 billion.
LONDON-- The director general of the BBC is set to face a lawmaker committee to explain why the broadcaster pulled an expose unmasking one of its most popular entertainers as a pedophile. George Entwistle will face lawmakers on the Culture Media and Sport Select Committee on Tuesday.