What's News US

Deloitte Unit Gets One-Year Ban

Tue, 18 Jun 2013 16:34:18 EDT - Consulting firm Deloitte's financial-advisory services unit agreed to pay $10 million and accept a one-year ban from consulting for New York-regulated banks to settle allegations that the firm mishandled its anti-money-laundering work for U.K. bank Standard Chartered PLC.

Blue Chips Extend Gains

Tue, 18 Jun 2013 16:34:47 EDT - Stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures.

Maker of 'Candy Crush Saga' Plans IPO

Tue, 18 Jun 2013 16:47:41 EDT - The publisher of the hit mobile game "Candy Crush Saga" has hired banks to pursue a U.S. initial public offering, according to people familiar with the move.

How Clearwire Became a Darling

Tue, 18 Jun 2013 13:39:23 EDT - Clearwire, long the U.S. wireless industry's most embattled carrier, has emerged In recent months as its crown jewel.

Icahn Urges Dell Launch Tender Offer

Tue, 18 Jun 2013 16:23:49 EDT - Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.

Cyprus Asks Creditors to Help Biggest Bank

Tue, 18 Jun 2013 16:23:33 EDT - Cyprus has asked its European partners to help ease a cash crunch at the island's biggest lender, saying this spring's bank-rescue deal was struck "without careful preparation" and was imperiling its ability to meet budget targets.

PBOC Offers No Relief to China Banks

Tue, 18 Jun 2013 14:21:01 EDT - China's money-market rates remained stubbornly high Tuesday, and the central bank refrained from adding cash to the financial system, suggesting a standoff between the People's Bank of China and lenders is set to continue.

Ex-Trader Is Charged in Libor Probe

Tue, 18 Jun 2013 14:00:46 EDT - British prosecutors have filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.

Swiss Resist U.S. Banks Deal

Tue, 18 Jun 2013 13:19:11 EDT - Swiss lawmakers dealt a serious blow to a plan that could enable the country's banks to avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders.

Battle Brews Over E-Cigarettes

Tue, 18 Jun 2013 16:38:25 EDT - The growing popularity of electronic cigarettes has divided regulators and antismoking activists just as Europe gets ready to tighten its tobacco laws.

Consumer Prices Edge Up 0.1%

Tue, 18 Jun 2013 12:39:28 EDT - U.S. consumer prices rose slightly in May, suggesting that inflation pressures remain tame amid slow growth globally and muted wage gains at home.

Housing Starts Rise 6.8%

Tue, 18 Jun 2013 13:02:53 EDT - Home builders stepped up construction of apartment buildings in May and prepared to boost construction of single-family homes, the latest signs that an improving housing market will support the shaky U.S. recovery.

Duke Energy Names New CEO

Tue, 18 Jun 2013 10:56:42 EDT - Duke Energy named finance chief Lynn Good as its next chief executive, succeeding Jim Rogers, who will continue as chairman until his retirement at year end.

Boeing Signs Customers for Stretch 787

Tue, 18 Jun 2013 14:45:34 EDT - Boeing signed up five customers for a new stretched version of its Dreamliner, evidence of fresh sales momentum for the 787.

Alcatel Chief to Unveil New Strategy

Tue, 18 Jun 2013 16:47:16 EDT - The telecommunications-gear maker's new chief executive plans to unveil a push to slash costs, shake up management and shift resources away from older products, in an effort to stem perennial losses.