Top News & Analysis Cleveland

  • NEW YORK, June 18- Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home- or refinance. "Its amazing how many times a once-in-a-lifetime opportunity comes around," said Keith Gumbinger, vice president of hsh.com, a mortgage information website. Some 6.8 million borrowers currently could benefit from a refinance,...

  • LONDON, June 18- Electricity supplies across Argentina, Uruguay and parts of Paraguay were blacked out for several hours on Sunday when the regional power grid suffered a cascading failure. But earlier at the weekend, the New York Times revealed the United States had hacked into Russias grid and was ready to carry out an offensive cyberattack.

  • The proposal came in a motion filed in federal court in Cleveland, Ohio, where 1,850 lawsuits largely by local governments are pending seeking to hold companies, including OxyContin maker Purdue Pharma LP, responsible for the opioid abuse crisis. District Judge Dan Polster, who presides over the cases, for a comprehensive settlement that addresses the...

  • PASIR GUDANG, Malaysia/ JOKHABAD, India, May 31- W hen local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalized over one thousand people earlier this year, they found a cocktail of toxins, including a colorless liquid commonly secreted when tires are recycled. That led environment officials and police to...

  • Opioids, including prescription painkillers and heroin, played a role in a record 47,600 U.S. overdose deaths in 2017, according to the U.S. Centers for Disease Control and Prevention. The nonjury trial will be heard by Cleveland County District Judge Thad Balkman in Norman, Oklahoma. *The lawsuits allege drug manufacturers like Purdue, Johnson& Johnson, Teva and...

  • Opioids, including prescription painkillers and heroin, played a role in a record 47,600 U.S. overdose deaths in 2017, according to the U.S. Centers for Disease Control and Prevention. The nonjury trial will be heard by Cleveland County District Judge Thad Balkman in Norman, Oklahoma. *The lawsuits allege drug manufacturers like Purdue, Johnson& Johnson, Teva and...

  • BOSTON/ JERUSALEM, May 26- Teva Pharmaceutical Industries said on Sunday it had agreed an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped to fuel the U.S. opioid epidemic. Oklahoma Attorney General Mike Hunter has alleged that J&J and Teva, along with OxyContin...

  • CLEVELAND FED'S MESTER SAYS INTEREST RATES APPROPRIATE WHERE THEY ARE.

  • CLEVELAND FED PRESIDENT LORETTA MESTER SAYS FULLY SUPPORT PATIENT APPROACH TO LOOK AT DATA- CNBC INTERVIEW.

  • SAN FRANCISCO/ NEW YORK, April 24- Despite new criticism from top Democrats for comments denigrating women and the Midwest, economic commentator Stephen Moore still has the backing of U.S. President Donald Trump for a seat at the Federal Reserve Board. "Steve Moore is in," White House economic adviser Larry Kudlow said on Fox Business Network, adding that once the...

  • SAN FRANCISCO/ NEW YORK, April 24- Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, whose 53 to 47 majority in the U.S. Senate gives them the final say on whether...

  • April 12- General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis. The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud controls...

  • April 7- A physician ally of Purdue Pharma LP whose views helped drive the explosive growth in the use of addictive pain relievers for common aches and pains in the United States has agreed to testify against the OxyContin maker and other drug companies, newly disclosed court records show. Russell Portenoy, a professor at the Albert Einstein College of Medicine,...

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. "We have been very encouraged by the initial results of our center redesigns and expansions," Aron Levine, head of Consumer Banking& Investments for Bank of America told Reuters.

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. By 2021, Bank of America's branch and ATM network will cover more than 90 percent of the U.S. population, said David Tyrie, head of consumer advanced solutions and digital banking.

  • SAN FRANCISCO/ BENGALURU March 15- The Friday massacre at two New Zealand mosques, live-streamed to the world, was not the first internet broadcast of a violent crime, but it showed that stopping gory footage from spreading online persists as a major challenge for tech companies despite years of investment. Facebook said it removed the stream after being...

  • SINGAPORE, March 15- Social media giants Facebook, Twitter, Google faced scrutiny over extremist content on their platforms on Friday after video footage of mass shootings in New Zealand was live streamed and widely shared online. Footage of the attacks at two mosques, which left 49 dead in New Zealand's worst-ever mass shooting, was broadcast live to Facebook...

  • WASHINGTON, March 6- Slowing global growth and the 35- day partial federal government shutdown weighed on the U.S. economy in the first weeks of 2019, but it continued growing amid still-tight labor markets, the Federal Reserve reported on Wednesday. The pace of growth was "slight-to-moderate" in 10 of the Fed's 12 districts, with those in Philadelphia and St....

  • SINGAPORE, Feb 5- London zinc prices dipped on Tuesday after climbing to a seven-month high in the previous session on concerns over shortages due to falling stocks and delays to new capacity in top producer China. Copper rose for a second session as expectations of a trade agreement between Washington and Beijing underpinned the market.

  • CLEVELAND, United States- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic outlook and monetary policy before the 50 Club of Cleveland monthly meeting in Cleveland, Ohio.- 0000 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves will participate in an open hearing on financial stability which is held by the Riksdag Committee on...