SHANGHAI, Dec 20- China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise the banking sector. Banks now no longer have to first establish a China representative office before setting up other branches. China has been working to liberalise its...» Read More
MONTPELIER, Vt.-- Public meetings are planned this week in Vermont on a sticky issue _ a proposed change to the state's grading system for maple syrup. The change would unify the classification system across the United States and Canada. Vermont's syrup would go from Grade A Fancy to "Golden Delicate."
BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
BROWNSVILLE, Texas-- When the federal government began seizing private land along the U.S.- Mexico border to build a towering fence, Teofilo Flores was offered $1,650 for a slice of his backyard. And another nearby farmer pocketed $1 million in exchange for his cooperation.
NEWARK, N.J.-- New Jersey Transit officials may soon decide whether they will stop providing free rides for some employees and retirees. NJ Transit says the move could bring in an additional $1.6 million annually. Similar measures have been approved by the New Jersey Turnpike Authority, Delaware River Port Authority and Port Authority of New York and New Jersey.
MORGANTOWN, W.Va.-- West Virginia University is getting more than $476,000 in federal funding for a mental and behavioral health training program.
NEWPORT NEWS, Va.-- A small but important fish for the Chesapeake Bay is the focus of a public meeting in Virginia. The Atlantic States Fisheries Commission is scheduled to hear from the public Monday night in Newport News on the future of the Atlantic menhaden. But a debate has been raging about that fishery based in Reedville and conducted by Omega Protein.
ATHENS, Greece-- Greece's finance minister says talks with the country's bailout creditors over austerity measures are unlikely to have concluded in time for this week's European Union summit meeting, as originally hoped.
Bank stocks rose broadly after Citigroup delivered a strong earnings report. Companies that rely on consumer spending, like Lowe's, TJX Cos. and Yum Brands, rose after the government reported that retail sales rose 1.1 percent in the U.S. last month.
Americans Alvin Roth of Harvard University and a visiting professor at Stanford University and Lloyd Shapley, professor emeritus at the University of California Los Angeles. The Royal Swedish Academy of Sciences cited the pair for "the theory of stable allocations and the practice of market design."
NEW YORK-- Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
NEW YORK-- Stocks are opening higher on Wall Street after a strong report on retail sales. Just after the opening bell on Wall Street, the Dow Jones industrial average is up 26 points at 13,355. The Standard& Poor's 500 index is up three at 1,431. And the Nasdaq composite index is up 10 at 3,054..
MENLO PARK, Calif.-- The Food and Drug Administration will review Depomed Inc.' s potential treatment for menopausal hot flashes and may decide its fate by next spring. Depomed, based in Menlo Park, Calif., said Monday that the FDA accepted Serada for a standard review and aims to complete its evaluation by May 31.
NEW YORK-- Shares of Consol Energy Inc. lost ground Monday after the coal and gas producer said it will post a third-quarter loss, due mostly to the idling of some mines. The company didn't give a specific outlook, but said that the idling of some mines are took its toll on results for the quarter that ended last month.
SAN FRANCISCO-- The Charles Schwab Corp. has agreed to acquire dividend income specialist ThomasPartners Inc. for an upfront payment of $85 million, plus additional payments if the smaller company can attract more investors. It had $2.3 billion under management as of Sept. 30, mostly in growth-oriented stocks that pay dividends.
In addition to its namesake stores, Gap Inc. operates Old Navy, Banana Republic and Athleta. At Gap, for example, it's focusing on denim products while at Banana Republic it's been zeroing in on suits. But she also said that Old Navy's new global brand president, Stefan Larsson, should bring fresh ideas that have an impact on the brand in 2013 and beyond.
NEW YORK-- Shares of Clearwire jumped 12 percent in premarket trading Monday following news that the Japanese cell phone company Softbank Corp. is buying a majority stake in Sprint, which owns half of the company. Clearwire operates a wireless broadband network that Sprint resells as " Sprint 4 G."
NEW YORK-- Family Dollar on Monday appointed Jocelyn Wong as its chief marketing officer. Wong, who will also serve as senior vice president, recently served as group vice president of shopper marketing for the supermarket chain Safeway Inc. Safeway recently launched a customer loyalty program that offers personalized discounts based on past purchases.
LIVERPOOL, England-- Liverpool announced plans Monday to expand the capacity of Anfield, the club's home for 120 years, rather than building a new stadium. The 18- time English champions started working on a new $800- million venue in nearby Stanley Park before owner John Henry's takeover two years ago, but it was abandoned due to financial problems.
ROME-- The International baseball and softball federations signed an agreement Monday to join forces in a bid to get back into the Olympics, while proposing a shortened tournament they hope will attract Major League Baseball players.
Liquidity Services Inc.' s profit appears to be under pressure in the fiscal fourth-quarter, after the company released weak September sales results, an analyst said Monday.