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Wires

  • *Guo Shuqing to head China's banking regulator- China Daily. BEIJING, Feb 24- China has appointed a new head for its top economic planning agency and a new commerce minister as part of a reshuffle ahead of a crucial Communist Party meeting later this year. Beijing is struggling to cope with weak global demand and faces risks from growing U.S. trade protectionism as...

  • Feb 24- Pfizer Inc said it received subpoenas from the U.S. Attorney's Office for the District of Massachusetts related to its support for organizations that provide financial help to Medicare patients. In a regulatory filing on Thursday, Pfizer said the December 2015 and July 2016 subpoenas were related to groups that help cover patient co-payments for...

  • OLATHE, Kan.— GPS device-maker Garmin long has revered diversity in its workforce, even when the locale of its ever-sprawling operational headquarters— a largely white Kansas City suburb— didn't reflect it. By his wife's account Friday he willingly spent long hours on an aviation systems engineering team alongside Alok Madasani, a friend and colleague also 32...

  • EXCLUSIVE-BCBG MAX AZRIA GROUP LLC PREPARING TO FILE FOR BANKRUPTCY AS EARLY AS NEXT WEEK- SOURCES.

  • Feb 24- BCBG Max Azria Group LLC, whose form-fitting party dresses have been worn by celebrities Selena Gomez, Drew Barrymore and others, is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday. Its owner, investment firm Guggenheim Partners, did not respond to requests for comment. In a call with landlords...

  • U.S. agencies, including the U.S. Securities and Exchange Commission, are looking into whether or not the bank hired candidates "referred by or related to foreign government officials" over other candidates, the filing said. "Citigroup is cooperating with the investigations and inquiries," the company said in the filing with the SEC. JPMorgan Chase& Co agreed to pay...

  • *Egypt floated its pound currency in November. CAIRO, Feb 24- Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank loan aimed at supporting a government economic reform program, Central Bank Governor Tarek Amer said late on Friday. Facing a gaping budget deficit, Egypt began a series of painful economic reforms and has been taking...

  • BEIJING _ Baidu Inc. on Thursday reported net income of $594.7 million in its fourth quarter. Three analysts surveyed by Zacks expected $2.51 billion. For the current quarter ending in April, Baidu Inc. said it expects revenue in the range of $2.37 billion to $2.45 billion.

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • Feb 24- Pfizer Inc on Thursday said it received subpoenas from the U.S. Attorney's Office for the District of Massachusetts related to the drugmaker's support for organizations that provide financial help to Medicare patients. In a regulatory filing, Pfizer said it received subpoenas in December 2015 and July 2016 related to groups that help cover patient...

  • VANCOUVER, British Columbia _ Cardero Resource Corp. on Friday reported a loss of $992,000 in its fiscal fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 3 cents per share. For the year, the company reported that its loss narrowed to $1 million, or 3 cents per share.

  • LIMA, Feb 24- Grana y Montero's shares closed down about 33 percent on Friday after a local magazine reported that the Peruvian construction group knew about $20 million in bribes paid to a former president by its partner, scandal-tainted Brazilian firm Odebrecht SA. Hildebrandt en sus trece said the former head of Odebrecht Peru, Jorge Barata, told prosecutors...

  • WASHINGTON, Feb 24- The U.S. Customs and Border Protection agency said on Friday it will accept proposals next month for the design of a wall to be built near the U.S.-Mexican frontier, a first step in picking vendors for President Donald Trump's proposed border wall. Way ahead of schedule, way ahead of schedule, "Trump told the Conservative Political Action...

  • WASHINGTON, Feb 24- Five U.S. financial services groups on Friday appealed a federal court decision handed down earlier this month that upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice. "This is a misguided rule that will harm retirement savers and financial services firms that provide needed assistance...

  • Manco& Manco Pizza owner Charles Bangle was sentenced in federal court in Camden to 15 months in prison and three years of supervised release. Charles Bangle was also ordered to pay $248,560 in restitution and a $5,000 fine. Charles Bangle pleaded guilty in July 2015 to evading taxes on his 2011 tax returns and structuring financial transactions to avoid...

  • NEW YORK, Feb 24- The U.S. Chamber of Commerce appealed a Texas federal judge's ruling upholding a Labor Department's regulation aimed at putting retirement savers' interest first on Friday, the latest salvo in the securities industry's fight against the regulation. Earlier this month, Chief Judge Barbara Lynn of the Northern District of Texas ruled against...

  • NEW YORK, Feb 24- Proposals in Congress that would effectively end Medicaid expansion in 31 U.S. states would cost those states at least $32 billion altogether in 2019, according to a report released on Friday. One scenario to phase out enhanced federal funding would convert the current system, in which states share the cost of Medicaid enrollees with the...