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  • WASHINGTON, June 22- A former Credit Suisse AG banker pleaded guilty on Wednesday in U.S. District Court in Virginia to charges of helping U.S. taxpayers evade income taxes, the U.S. Justice Department said.

  • The company is rolling out an online financing offering this year to customers at 10 stores in the United States to help them pre-qualify for a loan before a store visit, hoping to improve customer conversion rates. "Many customers want to understand their financing options during their online research process, prior to coming into the store," CarMax Chief...

  • NEW YORK, June 22- Private Advisors is liquidating approximately $1 billion from a nearly two decade-old hedge fund investment strategy and its head of hedge funds has departed the firm, according to a spokesman with majority owner New York Life Investment Management Holdings. New York Life spokesman Jacqueline Meere said in an email on Tuesday that Private...

  • WASHINGTON, June 21- In a move that stopped short of allowing package deliveries by unmanned aircraft, the Obama administration unveiled landmark rules on Tuesday that will open the skies for low-level small drones for education, research and routine commercial use. The head of the U.S. Federal Aviation Administration, Michael Huerta, declined to offer a...

  • CHICAGO, June 20- The U.S. Department of Justice has opposed a plan by coal producer Alpha Natural Resources to sell valuable assets to its creditors, which it said puts significant mine cleanups at risk, according to a court filing on Monday. The government does not plan to approve the transfer of any federal lease or contract unless cleanups are assured, the...

  • WASHINGTON, June 17- German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest some U.S. assets to settle the Federal Trade Commission's charge that their proposed $4.2 billion merger would likely harm competition in the United States, the FTC said on Friday. The merger as proposed would harm competition for...

  • WASHINGTON, June 17- German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest some U.S. assets to settle the Federal Trade Commission's charge that their proposed $4.2 billion merger would likely harm competition in the United States, the FTC said on Friday. HeidelbergCement and Italcementi, the second and...

  • WASHINGTON, June 17- German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest a cement plant in Virginia and up to 11 cement distribution terminals in other states to settle Federal Trade Commission charges that their proposed $4.2 billion merger would likely harm competition in the United States, the Federal...

  • NEW YORK, June 14- Green Plains Inc said on Tuesday it plans to build and operate its first export-import fuels terminal in Beaumont, Texas, the latest in a string of expansion moves by the country's fourth-largest ethanol producer. The Omaha, Nebraska- based company has formed a joint venture with Jefferson Gulf Coast Energy Partners at Jefferson's existing...

  • June 13- On Sunday, June 5, hundreds crowded into a Louisville, Kentucky mosque to celebrate the life of boxer Muhammad Ali in an interfaith service. Muhammad Babar began the service with a poem: "You were the true face of faith," he read. On the presidential campaign trail, presumptive Republican nominee Donald Trump called for a ban on immigration from countries with...

  • June 13- On Sunday, June 5, hundreds crowded into a Louisville, Kentucky mosque to celebrate the life of boxer Muhammad Ali in an interfaith service. Muhammad Babar began the service with a poem: "You were the true face of faith," he read. On the presidential campaign trail, presumptive Republican nominee Donald Trump called for a ban on immigration from countries with...

  • M&Ms

    The Svea Court of Appeal ruled against McLean, Virginia- based Mars in a trademark dispute with Kraft Foods.

  • Forte Capital Advisors LLC and Manhattan Strategic Ventures LLC, the investment firms that own Constellis, are seeking to sell it at a profit, and have hired BDT& Co, the advisory firm headed by former Goldman Sachs Group Inc investment banker Byron Trott, to run an auction for the company, the people said. Constellis, Forte Capital Advisors, Manhattan Strategic...

  • Empire, Moelis and Mercury Capital declined to comment. Empire, whose competitors include Lowes Corp, Home Depot and Floor and Decor Outlets of America Inc, offers shop-at-home services in more than 70 U.S. locations, including Chicago, New York and Los Angeles. The Northlake, Illinois- based company opened its first retail stores last year in Virginia and Long...

  • Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 267,000 for the week ended May 28, the Labor Department said on Thursday. A Labor Department analyst said there were no special factors influencing last week's claims data. However, claims for Tennessee, Virginia, Wyoming, Puerto Rico and Hawaii were estimated because of the...

  • WASHINGTON, May 31- Police do not need a warrant to obtain a person's cellphone location data held by wireless carriers, a U.S. appeals court ruled on Tuesday, dealing a setback to privacy advocates. The full 4th U.S. Circuit Court of Appeals in Richmond, Virginia, voted 12-3 that the government can get the information under a decades-old legal theory that it had...

  • WASHINGTON, May 31- Police do not need a warrant to obtain a person's cellphone location data held by wireless carriers, a U.S. appeals court ruled on Tuesday, dealing a setback to privacy advocates. The full 4th U.S. Circuit Court of Appeals in Richmond, Virginia, voted 12-3 that the government can get the information under a decades-old legal theory that it had...

  • May 31- Oil traders keep a low profile. Eric Rosenfeldt, who goes by the Twitter handle of Oil Merchant or zenergyrosen, had attracted more than 8,000 Twitter followers for his quirky and candid opinions on the crude oil market. The trader, who lives in Virginia Beach, Virginia, on Thursday deleted his account after a user questioned some of his tweets about crude...

  • May 31- Oil traders keep a low profile. Eric Rosenfeldt, who goes by the Twitter handle of Oil Merchant or zenergyrosen, had attracted more than 8,000 Twitter followers for his quirky and candid opinions on the crude oil market. The trader, who lives in Virginia Beach, Virginia, on Thursday deleted his account after a user questioned some of his tweets about crude...

  • May 30- An agreement between Verizon Communications Inc and unions potentially ending a nearly seven-week strike includes 1,400 new jobs and pay raises topping 10 percent, the company and unions representing about 40,000 workers said on Monday. Verizon, the No. 1 U.S. wireless provider, and the Communications Workers of America had reached a tentative deal on...