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What's News US
- Apple Pay Plans to Launch in Canada
- Fri, 17 Apr 2015 21:16:39 EDT - Apple is planning to launch its mobile payments service in Canada this fall, marking the start of its international expansion of Apple Pay.
- Consumer Prices Tick Up, in Sign of Emerging Inflation
- Fri, 17 Apr 2015 19:13:11 EDT - U.S. consumer prices increased for the second consecutive month in March after falling through much of the winter, a sign that U.S. inflation may be stabilizing.
- GE's Quarterly Results Highlight Industrial's Strength, Weakness
- Fri, 17 Apr 2015 19:18:39 EDT - General Electric’s first-quarter earnings report showed that CEO Jeff Immelt’s strategy to exit banking and refocus on its industrial operations won’t be all smooth sailing.
- Teva Considering Bid for Mylan
- Fri, 17 Apr 2015 14:59:23 EDT - Teva Pharmaceutical is considering a takeover bid for drug maker Mylan, a sign of the jockeying for dominance among generic drug makers.
- Coke Acquires Chinese Drinks Business
- Fri, 17 Apr 2015 19:11:13 EDT - Coca-Cola has agreed to buy a Chinese drinks business that makes ‘multigrain beverages’ with flavors such as red bean, walnut and oats.
- Oil Falls on Doubts About Output
- Fri, 17 Apr 2015 20:58:44 EDT - Oil prices faded, undoing a small rally Friday as traders showed skepticism that a surge of U.S. production is leveling off.
- Regulators Act on Oil Trains' Safety
- Fri, 17 Apr 2015 20:31:41 EDT - U.S. regulators are urging railroads to change the way they deal with wheel defects, saying the problem may have caused a fiery oil-train derailment in Illinois last month.
- Court Orders U.S. Mint to Return Famed Coins to Family
- Fri, 17 Apr 2015 17:45:01 EDT - A federal appeals court ruled that the U.S. Mint must return 10 rare “Double Eagle” gold coins to the heirs of a Philadelphia coin dealer who obtained them decades ago under mysterious circumstances.
- Banks Could Face Tougher Penalties in Currency Probe: Justice Official
- Fri, 17 Apr 2015 19:41:51 EDT - Banks already in trouble with the Justice Department for previous misconduct could face tougher penalties in a federal probe into currency rigging, a top federal prosecutor suggested Friday.
- UBS Exiting U.S. Automated Options Market-Making Business
- Fri, 17 Apr 2015 17:47:53 EDT - UBS AG is exiting its automated U.S. options market-making activities, according to people familiar with the matter, the latest move by a large global bank to trim less profitable trading activities.
- PwC to Pay $65 Million to Settle Lawsuit Over MF Global
- Fri, 17 Apr 2015 19:43:45 EDT - PricewaterhouseCoopers agreed to pay $65 million to settle litigation over MF Global Holdings, which claimed PwC failed to properly audit the brokerage firm’s internal controls before it collapsed into bankruptcy in 2011.
- Costco Raises Dividend, Reauthorizes Repurchase Program
- Fri, 17 Apr 2015 17:48:02 EDT - Costco Wholesale that it is raising its quarterly dividend 13% and reauthorizing a $4 billion repurchase program, moves that follow what some analysts called one of its strongest quarters ever.
- Ford to Develop Carbon-Fiber Material
- Fri, 17 Apr 2015 22:55:46 EDT - Ford Motor is entering into a joint venture with carbon-fiber manufacturer DowAksa, a move aimed at more widely using the costly material to reduce the weight of vehicles that need to meet tougher emissions standards.
- Bribery Charges Dropped Against Former News of the World Editor
- Fri, 17 Apr 2015 20:26:52 EDT - U.K. prosecutors dropped bribery charges against former News of the World editor Andy Coulson and eight others, a decision that effectively leaves in tatters a high-profile investigation of alleged illicit practices at British tabloids.
- Investors Pile Into Zero-Coupon Bonds
- Fri, 17 Apr 2015 16:51:04 EDT - Investors are rushing into the riskiest and most volatile corner of the U.S. government bond market in search of bigger returns, as worries about higher interest rates abate.
- FCC Frees Up Spectrum for Low-Cost Wireless Hubs
- Fri, 17 Apr 2015 14:23:43 EDT - The Federal Communications Commission approved a plan Friday to unlock a large swath of airwaves that could be used to set up cheap, new wireless networks.
- G-20 Warns of Threats to Global Economic Recovery
- Fri, 17 Apr 2015 21:22:17 EDT - The world’s top finance leaders warned that currency volatility, low inflation and high debt levels threaten to undermine an already uneven global economic recovery.
- IAM Union Cancels Organizing Vote at Boeing's South Carolina Plant
- Fri, 17 Apr 2015 20:17:52 EDT - Boeing Co.’s largest union canceled a planned April 22 unionization vote at the company’s South Carolina facilities.
- Fannie, Freddie Announce Slight Fee Changes
- Fri, 17 Apr 2015 22:49:19 EDT - Fannie Mae and Freddie Mac will reduce fees for some borrowers with low credit scores and little cash for down payments, the mortgage companies said on Friday, but the changes are so small that few borrowers will notice.
- BlackRock CEO Fink's 2014 Pay $23.9 Million
- Fri, 17 Apr 2015 17:28:17 EDT - Laurence Fink, chairman and CEO of BlackRock, earned a pay package of $23.9 million in 2014, an increase of about 4% from the previous year.
- Ford to Expand Manufacturing in Mexico
- Fri, 17 Apr 2015 21:25:03 EDT - Ford Motor plans to spend $2.5 billion to expand manufacturing operations at two sites in Mexico, the latest in a wave of auto investments flowing to the U.S.’s neighbor to the south.
- Frederick's of Hollywood Preparing Bankruptcy Filing
- Fri, 17 Apr 2015 18:19:14 EDT - Frederick’s of Hollywood is preparing to file for bankruptcy as soon as Sunday, according to people familiar with the matter, after shutting down all of its stores and signaling plans to become an online-only retailer.
- Shell Treasurer to Leave Company
- Fri, 17 Apr 2015 13:33:59 EDT - Royal Dutch Shell PLC’s treasurer, Andy Longden, is leaving the company at the end of June, a Shell spokesman said.
- Key Volkswagen Directors Back CEO
- Fri, 17 Apr 2015 20:08:14 EDT - Key members of Volkswagen’s supervisory board endorsed Chief Executive Martin Winterkorn and urged his employment contract be extended, a day after they met with him and Chairman Ferdinand Piech to quell friction between the two.
- Canadian Retail Sales Rebound
- Fri, 17 Apr 2015 10:37:31 EDT - Canadian retail sales ended a two-month streak of deep declines in February, rising a better-than-expected 1.7% on stronger gas-station receipts and a pickup in activity at car dealerships.
- Nestlé Sales Hit But Prospects Better
- Fri, 17 Apr 2015 13:05:07 EDT - Nestlé reported first-quarter sales that missed forecasts, but indicated better times might be on the horizon amid signs of a pickup in hard-hit Europe.
- European Prices Fall for Fourth Month
- Fri, 17 Apr 2015 23:11:55 EDT - Consumer prices across the European Union fell for the fourth straight month in March, but at a slower rate.
- Sharp Nears Another Bailout
- Fri, 17 Apr 2015 20:24:32 EDT - The company aims to cut 5,000 jobs, trim troubled solar-panel and TV operations and sell its headquarters, while banks write off about $1.68 billion in loans in exchange for shares.
- China's 58.com to Buy Minority Stake in Rival Ganji.com
- Fri, 17 Apr 2015 07:12:02 EDT - 58.com Inc., often described as China’s Craigslist, has agreed to purchase a $1.6 billion stake in unlisted rival Ganji.com using a combination of cash and shares.