Government Agencies Treasury Department

  • Pfizer, whose shares slipped 1.5 percent in premarket trading, said second quarter revenue rose 11 percent to $13.15 billion, topping the average analyst estimate of $13.01 billion. In April, Pfizer terminated a $160 billion deal to acquire Irish drugmaker Allergan Plc after the U.S. Treasury Department issued new rules restricting such tax inversion...

  • WASHINGTON, Aug 1- The U.S. Treasury Department said on Monday it expects to borrow $201 billion in net marketable debt in the July-September quarter, about $47 billion higher than its estimate in May, due to lower anticipated receipts and an increased cash balance on Sept. 30. The Treasury said it expects to end the quarter with a $350 billion cash balance, up from...

  • NEW YORK, July 25- Demand at the latest U.S. two-year Treasury note auction on Monday was the weakest since December 2008 during the height of the global credit crisis as investors held off making bids ahead of the Federal Reserve's upcoming policy meeting. The Treasury Department will sell $34 billion of five-year notes on Tuesday and $28 billion seven-year...

  • *Bid-to-cover at 10- year TIPS sale highest since March 2015. NEW YORK, July 21- The U.S. Treasury Department on Thursday sold $13 billion of 10- year Treasury Inflation Protected Securities to solid investor demand at a yield of 0.045 percent, the lowest yield at an auction since May 2013, Treasury data showed. The ratio of bids to the amount of 10- year TIPS offered...

  • WASHINGTON, July 21- The United States blacklisted eight people and seven companies on Thursday for supporting the Syrian government, assisting its weapons program, and helping those already on the U.S. sanctions list. The U.S. Treasury Department said its measures targeted, among others, a shipping company used by the Syrian Air Force and the firm's manager; a...

  • The latest wave of inversions largely ended after the Treasury Department said on April 4 it was moving to make the deals less lucrative by closing off one of their main attractions, "earnings stripping" transactions. At a public hearing hosted by the Internal Revenue Service on the new anti-earnings stripping proposals, business representatives said they...

  • Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10- year notes at an auction in seven years. Japanese Prime Minister Shinzo Abe ordered a new round of fiscal stimulus spending as evidence mounted Japan's corporate...

  • The financial district in London.

    Senior U.S. Department of Justice officials overruled internal recommendations to prosecute HSBC for money-laundering violations because of concerns about the stability of the financial system, according to a congressional report.

  • In 2013, the Financial Services Committee of the U.S. House of Representatives, led by Jeb Hensarling, a Republican of Texas, began investigating the Justice Department's November 2012 decision to enter into a $1.92 billion settlement agreement with HSBC. The report, which relies on internal records from the Department of the Treasury, said the U.S. attorney...

  • In 2013, the Financial Services Committee of the U.S. House of Representatives, led by Jeb Hensarling, a Republican of Texas, began investigating the Justice Department's November 2012 decision to enter into a $1.92 billion settlement agreement with HSBC. The report, which relies on internal records from the Department of the Treasury, said the U.S. attorney...

  • July 7- The U.S. Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and to force the...

  • U.S. INTERNAL REVENUE SERVICE PROBING FACEBOOK INC OVER ASSET TRANSFER TO IRISH UNIT--COURT FILING.

  • General Electric GE

    The U.S. Financial Stability Oversight Council announced the removal of GE Capital's nonbank financial company designation Wednesday.

  • Lew urges world leaders to work together

    CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew on Brexit, and trade agreement negotiations with Europe.

  • Vote leave supporters wave Union flags, following the result of the EU referendum, outside Downing Street in London, Britain June 24, 2016.

    Companies and people are issuing statements about the United Kingdom's decision to leave the European Union. We've got the latest list.

  • Treasury: Respect decision by UK

    CNBC's Eamon Javers reports the statement by Treasury Secretary Jack Lew on the UK's leave vote.

  • WASHINGTON, June 21- The heads of the U.S. financial regulatory agencies, including Treasury Secretary Jack Lew, conferred on Tuesday about the upcoming "Brexit" vote in a regularly scheduled meeting closed to both the public and the press, according to a statement from the Treasury Department. "During the executive session, the council discussed recent market...

  • LOS ANGELES/ NEW YORK, June 20- Nestle SA's Nespresso says it will become the first company to sell Cuban coffee in the United States in more than 50 years, as relations between the Cold War adversaries smooth. Nespresso USA secured necessary licensing from the U.S. Department of the Treasury to ship single-use brewer pods containing the Cuban coffee from Europe...

  • Treasury bonds and notes for the month of April, according to U.S. Treasury Department data on Wednesday, as investors priced in a few more rate increases by the Federal Reserve this year. April's outflow was the largest since the U.S. Treasury Department started recording Treasury debt transactions in January 1978. China remained the largest foreign holder of...

  • WASHINGTON, June 10- The U.S. government posted a $53 billion budget deficit in May, a 38 percent drop from the same month last year, the Treasury Department said on Friday. However, when accounting for calendar adjustments, May would have shown a $102 billion deficit compared with an adjusted $84 billion deficit a year prior. The current fiscal year-to-date...