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  • WASHINGTON, April 28- Two Democratic U.S. senators on Monday called on the Department of Transportation to urge owners of 2.6 million recalled General Motors cars to stop driving them until they are repaired, which could take months as dealerships wait for replacement ignition switches.

  • MOSCOW, April 28- Sergei Chemezov, who worked in the old communist East Germany at the same time as President Vladimir Putin, sits atop sprawling conglomerate Rostec, which has stakes in some of Russia's largest industries and partnerships with foreign companies.

  • *Hearing set in London court for May 27. The Serious Fraud Office charged three former traders at British bank Barclays- director of dollar fixed-income swaps Jay Merchant and dollar interest rate derivative traders Alex Pabon and Ryan Reich- with conspiracy to defraud in connection with its Libor inquiry.

  • LONDON, April 28- Britain's Serious Fraud Office on Monday said it had opened a criminal investigation into possible money laundering associated with corruption in Ukraine and had frozen $23 million of assets in the UK in relation to the case.

  • *Royal Mail shares still 55 pct above offer price. LONDON, April 28- Britain's financial regulator will not investigate the government's sale of Royal Mail, it said on Monday, rejecting calls from lawmakers who said a sharp rise in the firm's share price should have set alarm bells ringing.

  • LONDON, April 28- The international oil business played down U.S. sanctions against the head of Russian energy giant Rosneft on Monday, with traders and global companies forecasting "business as usual".

  • *Says escalation of Ukraine crisis would pose major risks. FRANKFURT, April 28- The European Central Bank should do "everything it can" to tackle low growth and inflation but euro zone governments must also shape up their economies, a senior International Monetary Fund official said on Monday.

  • *Germany unusual in not indexing its tax brackets. BERLIN, April 28- Germany, flush with surging tax revenues and strong economic growth, could lower income taxes in 2016 by eliminating "bracket creep", according to a growing number of voices in Angela Merkel's right-left coalition.

  • SANAA, April 28- Political turmoil is preventing Yemen and donor countries from channelling billions of dollars in foreign aid intended to rebuild the impoverished Arab country, a Yemeni official said on Monday.

  • American Realty in talks to buy NorthStar: Sources Monday, 28 Apr 2014 | 12:55 PM ET
    NorthStar Realty Finance website

    American Realty is in talks to buy NorthStar Realty, according to sources, in a deal that would combine a major property owner with a real estate financing company.

  • *First minister says Scotland would be "enthusiastic" EN member. *Oil-rich Scotland wants Europe but not euro. BRUGES, Belgium, April 28- An independent Scotland would be a more constructive member of the European Union than a reluctant Britain, Scottish first minister Alex Salmond said on Monday.

  • LONDON, April 28- Britain's Serious Fraud Office said it had opened a criminal investigation into possible money laundering associated with corruption in Ukraine and had frozen $23 million of assets in the UK in relation to the case. "For reasons of confidentiality we cannot say more at this time," the SFO, a government department, said in a statement on Monday.

  • *Impact of margin compression to grow for UAE banks- NBAD CEO. ABU DHABI/ DUBAI, April 28- National Bank of Abu Dhabi's chief executive warned on Monday that falling margins were beginning to squeeze banks in the United Arab Emirates, after the country's largest lender by market value reported flat first-quarter profit growth.

  • LONDON, April 28- Nickel retreated from 15- month highs on Monday as investors turned cautious about the metal making further gains and worries abated about the severity of U.S. economic sanctions against Russia, a major producer of the metal.

  • April 28- Energy Transfer Partners LP, owner of gasoline retailer Sunoco Inc, said it would buy Susser Holdings Corp and create a separate retail company as it focuses on its core pipeline business.

  • TORONTO/ NEW YORK, April 28- Newmont Mining Corp said on Monday it had ended merger talks with Barrick Gold Corp, slamming its suitor and stating bluntly that negotiations failed due to the lack of a constructive, mutually respectful dialogue.

  • April 28- The following are brief descriptions of the 17 Russian companies against which the United States imposed sanctions on Monday over Russia's role in the Ukraine crisis. *Aquanika- A producer of bottled water and 100 percent subsidiary of Volga Group, which is controlled by Gennady Timchenko, a long-standing ally of Russian President Vladimir Putin.

  • *U.S. announces new sanctions against Russia over Ukraine. NEW YORK, April 28- Brent crude oil prices fell almost 1 percent on Monday, extending earlier losses, on expectations of greater supplies as OPEC producer Libya prepares to reopen a second port, and as traders unwound the spread versus U.S. crude.

  • April 28- Bank of America Corp said on Monday it will suspend a planned increase in its quarterly dividend as well as its latest stock buyback program because it miscalculated a measure of the capital on its books. The Federal Reserve ordered Bank of America to suspend and resubmit its 2014 capital plans within 30 days.

  • HONG KONG, April 28- Alibaba Group Holding Ltd and a private equity firm co-founded by its executive chairman Jack Ma have agreed to buy a $1.22 billion stake in Youku Tudou Inc, as China's ecommerce giant intensifies its focus on online video business.