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  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • SAO PAULO, May 23- Brazil's state-controlled power holding company Centrais Elétricas Brasileiras SA is still seeking to sell assets to cut debt despite concern that a political crisis could spook potential buyers, its chief executive said on Tuesday. Eletrobras CEO Wilson Ferreira was in New York meeting with investors last week when news broke about the...

  • May 23- Wall Street edged higher in early afternoon on Tuesday, but stayed in a tight trading range, as a boost from financial stocks was tempered by a drop in consumer discretionary and tech stocks. But that recovery stuttered on Tuesday as investors assessed the details of President Donald Trump's first full budget plan as well as some weak economic data.

  • WASHINGTON, May 23- The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles. The U.S. Justice Department suit, filed in U.S. Reuters reported last week the Justice Department and EPA have obtained internal emails and other documents written in Italian that look at...

  • TREASURY YIELDS HOLD NEAR SESSION HIGHS AFTER $26 BLN 2- YEAR NOTE AUCTION.

  • The lawsuit filed Tuesday alleges that nearly 104,000 Ram pickups and Jeep Grand Cherokees have software that makes them perform differently during normal driving than during lab tests by Environmental Protection Agency.

  • The government surpassed its goal of giving 23 percent of overall contracting funds to small companies, but last fiscal year's 24.34 percent was down from 25.75 percent in fiscal year 2015, according to figures provided by the Small Business Administration. The government awarded nearly $100 billion in small business contracts and subcontracts in fiscal...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labour reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labor reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time for...

  • PARIS, May 23- Negative interest rates have been an effective monetary policy tool for the European Central Bank and there is no reason to change its guidance on their use, Executive Board member Benoit Coeure said on Tuesday. Hoping to revive inflation and growth after fighting off the threat of deflation, the ECB has set base interest rates below zero and is...

  • WASHINGTON, May 23- The chief executive officers of two major American companies- retailer Target Corp and agribusiness Archer Daniels Midland Co- offered opposing views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax. Target CEO Brian Cornell has been one of the most vocal opponents of the Republican-backed border...

  • WASHINGTON, May 23- The Republican-led U.S. derivatives regulatory agency is splitting with the White House over how large its fiscal 2018 budget should be, saying it needs extra funds to help carry out its mission. The White House also said it would support allotting an additional $244.5 million to help pay for the SEC to relocate its headquarters, though at the...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month, with sales in the West region plunging to...

  • WASHINGTON, May 23- The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles, the Environmental Protection Agency said on Tuesday. In January, the U.S. Environmental Protection Agency and California accused Fiat Chrysler of illegally using undisclosed software to...

  • JUSTICE DEPARTMENT SEEKS CIVIL PENALITIES AGAINST FIAT CHRYSLER AND INJUNCTIVE RELIEF OVER EXCESS DIESEL EMISSIONS- EPA STATEMENT.

  • JUSTICE DEPARTMENT FILES CIVIL COMPLAINT AGAINST FIAT CHRYSLER AND ITS VM MOTORI SPA UNIT FOR EXCESS DIESEL EMISSIONS- STATEMENT.

  • QUITO, May 23- Ecuador's leftist president-elect Lenin Moreno on Tuesday said he would name economics professor Carlos de la Torre as finance minister and former international oil executive Carlos Perez as oil minister. Moreno, 64, also appointed ex-officials from outgoing President Rafael Correa's government. Moreno's main challenge will be to solve the...

  • LONDON, May 23- Nokia shares jumped more than 6 percent on Tuesday to their highest in more than a year, joined by a rise in banking stocks which helped European stock markets edge higher. Germany's DAX was up 0.3 percent while euro zone blue chips gained 0.5 percent. "It's a kind of risk-on environment, and Europe's benefits- relatively low currency, a relatively...

  • May 23- Retailer Target Corp reached an $18.5 million settlement with 47 states and the District of Columbia over a massive data breach in late 2013.. The investigation led by the Attorneys General of Connecticut and Illinois found that cyber attackers had accessed Target's gateway server through credentials stolen from a third-party vendor, NY Attorney...

  • LONDON, May 23- Sterling stayed subdued on Tuesday, hovering below seven month-highs against the dollar as investors awaited further developments in Britain's suspended election campaign after a suicide bombing rocked the English city of Manchester. Britain's main political parties agreed to suspend campaigning ahead of the June 8 election until...