BOSTON FEDERAL RESERVE PRESIDENT ERIC ROSENGREN SAYS TRUMP TWEETS HAVE NO IMPACT ON HIS VIEWS ON MONETARY POLICY- CNBC.
BOSTON FEDERAL RESERVE PRESIDENT ERIC ROSENGREN SAYS NOT SEEING UNCERTAINTY IN VIX, CREDIT SPREADS- CNBC.
BOSTON FEDERAL RESERVE PRESIDENT ERIC ROSENGREN SAYS "I DO THINK THAT INFLATION IS GOING TO BE VERY CLOSE TO 2%"- CNBC.
*Microsoft rises after solid growth in cloud business. July 19- Wall Street's main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. "Microsoft is a sign that not all companies are suffering from the...
New York City has been overtaken as the world's best city for female founders, according to Dell's 2019 Women Entrepreneur Cities Index.
Lawyers for Attorney General Mike Hunter and J&J are set to deliver closing arguments in state court in Norman, Oklahoma following six weeks of testimony from current and former J&J executives and victims of the epidemic. The case is one of more than 2,000 actions by state and local governments accusing drug manufacturers of contributing to an epidemic...
NEW YORK, July 13- U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. The nearly 100- year-old retailer, known for its high-end designer collection, is working with law firm Kirkland& Ellis...
July 12- Low interest rates and weak trading volume have pushed down Wall Street's second-quarter estimates for the biggest U.S. banks, yet investors still say they want in on the sector. Citigroup Inc, JPMorgan Chase& Co, Goldman Sachs Group Inc and Wells Fargo& Co kick off the. On top of this, trading volumes fell in the quarter as many investors stayed on the...
BOSTON, July 11- Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups. Of the 145 climate-related proposals filed for this year's springtime annual meeting...
Leonel Rondon died when his car was crushed by a chimney that fell after the blast in a pipeline owned by Columbia Gas, a unit of NiSource Inc.. "He was only 18 years old and full of life," Doug Sheff, an attorney who represents the Rondon family, said in a joint statement with Columbia Gas announcing the settlement. "We remain heartbroken over the tragic loss of Leonel...
*Fed chief Jerome Powell's comments in two-day testimony to Congress beginning on Wednesday will be closely watched to determine whether traders will continue to pare bets for deep interest rate cuts. *Hedge funds and money managers raised their bullish stance in COMEX gold in the week to July 2, the U.S. Commodity Futures Trading Commission said on Monday in a...
SYDNEY, July 9- U.S. soybeans edged higher on Tuesday as a widely watched data showed the U.S. crops were lagging behind market expectations following recent adverse weather. *The most active soybean futures on the Chicago Board Of Trade were up 0.2% at $8.99-1/ 2 a bushel, as of 0036 GMT, having closed down 0.5% on Monday. *The most active corn futures were down 0.3% at...
District Judge Amit Mehta in Washington sided with drugmakers Merck& Co Inc, Eli Lilly and Co and Amgen Inc by halting the U.S. Department of Health and Human Services rule from taking effect on Tuesday as planned. Mehta in his ruling set aside the entire rule as invalid, saying the HHS lacked authority from the U.S. Congress to compel drug manufacturers to disclose...
HONG KONG, July 8- Investors have already subscribed for more shares than brewing giant AB Inbev is offering in the float of its Asia-Pacific operations, according to sources involved with the world's biggest initial public offering so far this year. Budweiser APAC, which launched its deal last week, is seeking to raise between $8.3 billion and $9.8 billion via...
Appeals Court on Tuesday put on hold enforcement of its February ruling that found members of Puerto Rico's federally created financial oversight board were unconstitutionally appointed pending a final determination by the Supreme Court. The order by the Boston- based 1st Circuit Court removes some of the uncertainty that had been swirling around the...
NEW YORK, June 28- When Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies. On Wednesday, Bank of America did exactly that, distancing itself from a sector that has triggered protests over its links to the Trump administration's immigration policy and concerns about detention center conditions.
*Investors eye Trump-Xi meeting at G20 summit in Japan. NEW YORK, June 28- Wall Street advanced on Friday, with the S&P 500 and the Dow on track for their best June in generations, ahead of the much-anticipated trade talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.
The SEC said on Thursday that State Street will pay a $40 million civil fine, plus $48.8 million of disgorgement and interest. Roughly 5,000 clients incurred more than $110 million of the overcharges when State Street quietly tacked on markups for sending messages through SWIFT, a secured international payments network used by banks and other financial...
June 26- Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. The deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.
NEW YORK, June 26- The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston- based conglomerate's efforts to avoid labor unrest during a difficult period. "Our recommendation is to reject," Brian Bryant, general vice president of the International Association of...
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