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What's News US

China Probes Stock-Price Manipulation
Mon, 22 Dec 2014 04:40:26 EST - China’s top securities regulator is investigating possible stock-price manipulation amid the recent run-up in the country’s equity market, according to two officials with direct knowledge of the matter.
Ocwen Head to Resign in New York Settlement
Mon, 22 Dec 2014 00:01:21 EST - The executive chairman of Ocwen Financial Corp. will resign as part of a legal settlement with New York’s financial regulator, people familiar with the matter said.
New Hepatitis C Drug Gets Helping Hand
Mon, 22 Dec 2014 00:22:09 EST - Express Scripts will make an AbbVie drug the exclusive option for patients with the most common form of hepatitis C. The move will help the drug maker take market share from Gilead, maker of Sovaldi.
Citigroup Was Wary of Loans Backed by Metals
Mon, 22 Dec 2014 02:52:30 EST - The bank pushed forward on a series of ill-fated metal-financing deals in China despite internal warnings about the risks.
Ruble Firms in Early Trade
Mon, 22 Dec 2014 02:31:11 EST - The ruble firmed across the board in early trade as oil prices stabilized before major month-end tax payments in Russia.
Monday's Deluge to Test UPS's New System
Sun, 21 Dec 2014 22:59:34 EST - UPS all year has been focused on one day above the rest: Monday Dec. 22, when it will deliver 34 million packages, more than any other in its history—putting a new high-tech sorting system to the test.
Oil Shakes Venezuelan Debt to Its Foundations
Sun, 21 Dec 2014 20:23:23 EST - A slide in oil prices is hurting Venezuela, raising questions among investors about the South American country’s ability to pay its debts and heightening concerns about the health of developing economies around the world.
Asian Shares Mostly Up
Mon, 22 Dec 2014 04:24:05 EST - Asian stocks were mostly higher, taking their cues from greater stability in crude oil prices and the Russian ruble, along with the U.S. Fed’s indication it will take a slow approach to raising interest rates.
Bang & Olufsen Sounds Profit Warning
Mon, 22 Dec 2014 05:05:35 EST - Danish high-end consumer electronics company Bang & Olufsen has cut its earnings guidance for the current fiscal year, citing production ramp-up and supply-chain issues.
Midtier Oil Explorers Suffer With Price Drop
Mon, 22 Dec 2014 00:21:53 EST - Midtier exploration and production companies live or die on oil prices as they don’t have side businesses like refining and processing to insulate them. Tullow Oil PLC is one of the ones currently suffering.
China's Hopu Among Xiaomi Investors
Mon, 22 Dec 2014 00:13:00 EST - Chinese private-equity firm Hopu Investment Management is among investors putting a total of just over $1 billion into Xiaomi in a deal valuing the smartphone maker at over $45 billion, according to a person familiar with the situation.
ICE Has Unlikely Ally on Trading Proposal
Sun, 21 Dec 2014 19:40:59 EST - Jeffrey Sprecher, chief of Intercontinental Exchange Inc., recruited an unlikely ally in his efforts to revamp the U.S. stock market and bring more trading back onto exchanges.
Sony Aims to Release 'The Interview,' but How?
Mon, 22 Dec 2014 04:49:50 EST - The aborted release of “The Interview” has led to follow-up questions for Sony Pictures Entertainment, as the Hollywood studio’s outside attorney insisted the film “will be distributed.” The chief hurdle: how?
Fed's Regulatory Limits Get Laid Bare
Sun, 21 Dec 2014 21:03:04 EST - The Fed is looking for problem areas in the shadow banking system to help avert another financial crisis. But Fed officials face questions about the limits of their regulatory authority to oversee nonbank financial institutions.
Railcar Bottleneck Looms for Oil
Sun, 21 Dec 2014 19:02:47 EST - Thousands of tank cars are likely to be idled because there aren’t enough shops to retrofit tank cars that carry flammable liquids in time to meet proposed federal guidelines, a railway trade group says.
Propane, Other Fuel Prices Feel the Burn
Sun, 21 Dec 2014 19:16:40 EST - Prices of natural-gas liquids, such as propane and butane, have been hurt, with some seeing 40% declines since September.
Spending Aids Deals Down Under
Mon, 22 Dec 2014 04:38:55 EST - The winners and losers of Australian Prime Minister Tony Abbott’s call last year to become an “infrastructure prime minister” are becoming clearer after a raft of deal-making.
Gulf Oil Exporters Say Glut Isn't From OPEC
Sun, 21 Dec 2014 21:54:20 EST - Gulf oil officials defended OPEC’s decision last month to keep its production ceiling intact, blaming producers outside of the group for the glut of oil on the market that has depressed prices.
Walgreen Prepares to Steer a Global Course
Sun, 21 Dec 2014 20:50:07 EST - The Week Ahead: Walgreen, the largest U.S. drugstore chain, is going to find out if bigger means better, as it nears a shareholder vote on completing its planned merger with European counterpart Alliance Boots.
Dish Drops Two Fox Channels
Sun, 21 Dec 2014 21:58:45 EST - Dish Network Corp. is no longer carrying Fox News Channel or Fox Business Network after the parties couldn’t agree on terms of a new distribution pact.
History Holds Hard Lesson on Cheap Energy
Sun, 21 Dec 2014 20:16:22 EST - Ahead of the Tape: Much has been made of lower energy prices’ positive impact on economic growth. Investors would be wise to look at that with some skepticism.
'The Hobbit' Wins Box-Office Battle
Sun, 21 Dec 2014 21:20:44 EST - Latest in Middle Earth saga bests ‘Museum,’ ‘Annie’ with $56.2 million over the weekend.
Persian Gulf Stocks Rally Again
Sun, 21 Dec 2014 11:46:12 EST - Persian Gulf stocks extended gains from late last week, as investors continued to find value after sharp recent losses on sliding oil prices.

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