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What's News US

Lenders Ease Mortgage Rules in Hunt for Business
Sat, 19 Apr 2014 14:53:19 EDT - Mortgage lenders are beginning to ease the restrictive lending standards enacted after the housing boom turned to bust, a sign of their rising confidence in the housing market.
New Tax Bug Bites Tech Companies
Fri, 18 Apr 2014 21:21:41 EDT - First-quarter corporate earnings are getting clipped after Congress allowed a key tax credit to expire at year-end. Google is among the latest to cite the expired research-and-development tax credit for affecting its financial results.
GM Sales Rise Despite Controversy
Sat, 19 Apr 2014 19:12:57 EDT - The head of General Motors' North American operations, Alan Batey, said April U.S. vehicle sales are on pace for "a good month."
France's SFR Plans Network-Sharing Venture With Vodafone
Sat, 19 Apr 2014 16:09:58 EDT - French mobile-phone operator SFR plans to link up with U.K. operator Vodafone Group PLC in a network-sharing venture, according to SFR's chief executive.
Caterpillar Aims to Close French Plant
Sat, 19 Apr 2014 14:57:50 EDT - Caterpillar, continuing a global cost-reduction drive, is seeking to stop production at its plant in Rantigny, France, about 40 miles north of Paris, and sell the facility, a spokeswoman for the company said Friday, confirming French press reports.
Newmont, Barrick Merger Talks Collapse
Sat, 19 Apr 2014 16:47:15 EDT - Barrick Gold and Newmont Mining were in advanced talks this week over a deal that would have combined the world's two largest gold producers, but the talks broke down.
Batista Unfazed by Reported Probe
Sat, 19 Apr 2014 16:45:04 EDT - Brazilian entrepreneur Eike Batista on Friday said he isn't concerned about a reported criminal investigation into the collapse of his once-highflying oil company.
A Discount on Muni Funds
Fri, 18 Apr 2014 20:37:02 EDT - Investor fears on interest rates and finances have held down prices for some closed-end funds that hold municipal bonds.
Verizon, AT&T Face Spectrum Bidding Limits
Sat, 19 Apr 2014 16:52:11 EDT - FCC Chairman Tom Wheeler said a portion of the high-quality wireless airwaves coming up soon for auction should be reserved for smaller carriers.
BP Spill Fines Pay for Inland Cleanup
Fri, 18 Apr 2014 21:13:48 EDT - Four years after the Deepwater Horizon oil spill in the Gulf of Mexico, some states have started using fines paid by BP and its partners to clean up inland water pollution.
Italy Cuts Income Taxes in Effort to Boost Economy
Fri, 18 Apr 2014 21:27:02 EDT - Italy's government on Friday approved the country's first sweeping income tax cuts in more than a decade, giving up to €80 a month in extra cash to three-quarters of the workforce.
SEC Freezes TelexFree's Assets
Fri, 18 Apr 2014 18:46:57 EDT - The SEC has filed charges against TelexFree, accusing the VOIP service of illegally operating a $1 billion pyramid scheme targeting Brazilians and other immigrant groups.
NY Regulator, AIG at Odds on Court Request
Fri, 18 Apr 2014 18:35:11 EDT - New York's top financial watchdog is at odds with American International Group Inc. over the next steps in federal court to resolve a potentially costly licensing dispute, as an unusual confrontation between the big insurer and a key regulator unfolds.
Calpine to Sell Six Power Plants
Fri, 18 Apr 2014 16:36:19 EDT - Calpine will sell six U.S. power plants in the Southeast and Midwest to LS Power for $1.57 billion in cash, as the company focuses on its electricity sales businesses in Texas, California and mid-Atlantic states.
Judge: AMR Can't Cut Retiree Benefits
Fri, 18 Apr 2014 21:26:28 EDT - A bankruptcy judge ruled that former American Airlines parent AMR Corp. doesn't have the unilateral right to terminate benefits to about 46,930 retirees.
Lawsuits Over Lululemon Pants Are Deemed Too Flimsy
Fri, 18 Apr 2014 17:49:45 EDT - A U.S. judge has dismissed lawsuits that accused Lululemon Athletica Inc. and some executives of defrauding shareholders by concealing quality issues of yoga pants that were deemed too transparent.
Three Beam Executives to Resign Ahead of Suntory Takeover
Fri, 18 Apr 2014 17:21:26 EDT - Beam Inc. disclosed Friday its chief financial officer and two other executives have announced their intention to resign as the company nears its merger with Suntory Holding.


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