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  • BUENOS AIRES, Argentina— Argentina's central bank has ordered HSBC's local unit to name a new president and vice president for failing to prevent money laundering and tax evasion. Argentina's tax agency had charged HSBC bank in November with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts.

  • Culp posts 1Q profit 20 Mins Ago

    HIGH POINT, N.C. _ Culp Inc. on Wednesday reported fiscal first-quarter net income of $4.7 million. On a per-share basis, the High Point, North Carolina- based company said it had net income of 38 cents. Culp shares have risen 41 percent since the beginning of the year.

  • Marco Rubio says the U.S. should end its ban on crude-oil exports and reduce stifling federal regulations on the energy industry, which he says is central to the nation's economic prosperity. Speaking to a group of about 150 mostly independent oil and gas producers and energy industry executives, Rubio unveiled some of his energy proposals at a meeting of the...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Igor Dubovoy last week was unable to meet a $3 million bond set by a federal judge in Atlanta before his case was moved to New Jersey.

  • NEW YORK, Sept 2- U.S. safe-haven Treasuries prices slipped on Wednesday on greater risk appetite, with long-dated prices falling the most on continued speculation of foreign central bank selling. "We're down a little bit because stocks have shown some resiliency in the face of weaker data," said John Briggs, U.S. rates strategist at RBS in Stamford, Connecticut.

  • *Tech stocks lead, Netflix hit by short-sell recommendation. *Ambarella's forecast drags down GoPro. It's market volatility, it's nervousness, it's an inability to call the direction of the market, "said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

  • HOUSTON TEXAS, Texas _ NCI Building Systems Inc. on Wednesday reported fiscal third-quarter net income of $7.2 million. The Houston Texas, Texas- based company said it had net income of 10 cents per share. NCI Building shares have dropped 46 percent since the beginning of the year.

  • Sept 2- Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board claiming retaliation against workers for organizing. Wal-Mart announced the store closures in April to fix plumbing and other repair issues. In the complaint the UFCW...

  • "There were a series of events that really call into question confidence in pricing and execution," said Larry Glazer, a managing partner at Mayflower Advisors, which oversees $2 billion in assets in Boston. Unlike rival State Street, which operates one global platform to calculate fund prices, BNY Mellon has five different systems, partly the result of...

  • Sugar Pine Spring Water, located in the foothills of Tuolumne County, also faces fines of nearly $225,000 for collecting and trucking the water to commercial bottling companies for two consecutive years despite notices to stop, according to the state Water Resources Control Board's proposed sanctions. Springs tapped by Sugar Pine Spring Water feed into the...

  • The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $250.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $252.1 million. For the current quarter ending in November, Oxford Industries expects its results to range from a loss of 15 cents...

  • MELVILLE, N.Y. _ Verint Systems Inc. on Wednesday reported a loss of $11.2 million in its fiscal second quarter. Verint expects full-year earnings to be $3.45 per share. Verint shares have fallen 12 percent since the beginning of the year.

  • ACTON, Mass. _ SeaChange International Inc. on Wednesday reported a loss of $5 million in its fiscal second quarter. For the current quarter ending in November, SeaChange expects its results to range from a loss of 10 cents per share to a loss of 4 cents per share. SeaChange expects full-year results to range from a loss of 38 cents per share to a loss of 16 cents per...

  • NEW YORK, Sept 2- A U.S. appeals court has cleared the way for Novartis AG to launch the first biosimilar drug in the United States as it declined on Wednesday to stop the sale of the company's copycat version of Amgen Inc's blockbuster cancer drug Neupogen. Amgen had sought an injunction while both companies ask the court to clarify federal regulations on when...

  • PHILADELPHIA _ Five Below Inc. on Wednesday reported fiscal second-quarter profit of $7.1 million. Six analysts surveyed by Zacks expected $185 million. For the current quarter ending in November, Five Below said it expects revenue in the range of $164 million to $167 million.

  • Sept 2- Wall Street rose on Wednesday in a volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the U.S. Federal Reserve's impending decision about when to raise interest rates. The Dow Jones industrial average rose 293.9 points, or 1.83 percent, to 16,352.25, the S&P 500 gained 35.05 points, or 1.83 percent,...

  • NEW YORK, Sept 2- Boeing Co delivered 14 of its 787 Dreamliners in August, exceeding for the second straight month its 10- a-month target and suggesting strong financial performance later in the year, people familiar with the situation said on Wednesday. It does not mean the 787 assembly lines in Washington and South Carolina are running faster than their...

  • WASHINGTON— Figures on government spending and debt.

  • BOSTON, Sept 2- An Oscar-nominated HBO documentary that showed American homeowners near hydraulic fracturing sites setting fire to their tap water may have been the main trigger for a surge in public opposition to the oil and gas production technique, according to a study to be published next month. The U.S. Environmental Protection Agency this year concluded...

  • HARRISBURG, Pa.— A dispute between state prosecutors and a suburban hospital over the fate of nearly 1,400 bottles of confiscated wine will play out in a southeastern Pennsylvania courtroom Thursday, as a county judge decides whether the contraband ends up going down the hatch or down a drain. Chester County Hospital wants the judge to give it the wine seized two...