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Wires

  • NEW YORK, May 23- Chris Hempstead, a well-known specialist in exchange-traded fund sales at KCG Holdings Inc, has been let go as part of a round of layoffs at the trading company, according to a person with knowledge of the matter. Virtu Financial Inc announced last month that it would buy rival KCG in a $1.4 billion deal bringing together two major U.S. electronic...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • WASHINGTON— Trump budget director Mick Mulvaney, defending an administration that promises more economic growth than many think it can deliver, said Tuesday it's the Obama administration that went overboard in its forecasts for growth. MULVANEY, head of the Office of Management and Budget: "I went back and looked at some of the economic assumptions that the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • May 23- The U.S. Federal Communications Commission said Tuesday it will not impose any fine or take any action after receiving thousands of complaints about a May 1 broadcast of CBS Corp's "Late Show with Stephen Colbert." Talk show comedian Stephen Colbert made a joke about President Donald Trump and Russian President Vladimir Putin that was bleeped before...

  • May 23- Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more...

  • FEDERAL COMMUNICATIONS COMMISSION SAYS IT WILL NOT FINE CBS CORP OVER "LATE SHOW WITH STEPHEN COLBERT" BROADCAST.

  • FCC RECEIVED THOUSANDS OF COMPLAINTS ABOUT JOKE ABOUT DONALD TRUMP TOLD BY COLBERT DURING MAY 1 BROADCAST.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • In an order dated May 22, Wall Street's top regulator said it would suspend any cases in which a defendant will have an option to appeal a case before the Tenth Circuit Court of Appeals, which covers the states of Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming. The SEC's order comes after that same appeals court earlier this month declined to reconsider the...

  • President Donald Trump's budget proposal for national defense increases spending, it falls short of campaign promises to rebuild the Navy and a "historic" increase in military spending. Trump is seeking a $52 billion hike for the Pentagon as part of an overall defense spending increase of $54 billion. "Looking at defense specifically, this is not a historic...

  • HOUSTON, May 23- Saudi Aramco plans an investment of up to $30 billion in its U.S. subsidiary Motiva Enterprsies LLC, the company said in an announcement on Saturday at a business summit in Saudi Arabia. The company said that $12 billion would be the initial investment in a project to expand refining capacity at Motiva's Port Arthur, Texas, refinery and extend...

  • *Loonie touches its strongest since April 24 at C $1.3457. In Canada, the Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday. The currency's weakest level of the session was C $1.3525, while it touched its strongest level since April 24 at C $1.3457.

  • Nokia Oyj, up 33 cents to $6.54. Agilent Technologies Inc., up $2.58 to $58.66. Take-Two Interactive Software Inc., up $3.79 to $72.83.

  • In his first detailed budget submission to Congress on Tuesday, Trump requested major reductions to programs that help poor families afford groceries and poor and disabled people get healthcare. Some Republicans in Congress cheered Trump's budget. They're really deep, deep cuts, "said Republican Representative Hal Rogers, whose eastern Kentucky district...

  • BRASILIA, May 23- A Brazil central bank source said on Tuesday that Banco Original's liquidity was solid, and that it had placed an analyst inside the bank to speed up obtaining answers to prosecutors' questions about a corruption scandal involving JBS SA, whose controlling shareholders control the bank. The source spoke on condition of anonymity as they were...

  • TORONTO, May 23- Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares, as trading resumed a day after the Victoria Day holiday. Bank of Nova Scotia climbed 0.9 percent to C $76.17 and Toronto Dominion Bank gained 0.8 percent to C $63.57. "The banks are up today on the...

  • WASHINGTON, May 23- The U.S. Securities and Exchange Commission has suspended some of its pending in-house court cases, after a Denver- based federal appeals court found the agency had violated the Constitution in how it hired its administrative law judges. In an order dated May 22, the SEC said it would suspend any cases in which a defendant will have an option to...