Business News Stories
WASHINGTON (AP) — Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark law reining in Wall Street and the financial industry after the 2008 crisis. But it received no support from … Continue reading
By Noel Randewich (Reuters) – The SP 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year. Traders warned that below-average volume … Continue reading
By Michael Flaherty and Sarah N. Lynch WASHINGTON (Reuters) – A bill to ease regulations across the U.S. financial sector passed a Senate committee on Thursday with no support from Democrats, in a setback to the largest overhaul of 2010 … Continue reading
(Updates with Saudi Arabia, Egypt open) DUBAI, May 24 (Reuters) – Saudi Arabia’s stock market fell in early trade on Sunday after oil prices fell and Islamic State militants carried out their first attack in the kingdom, while Egypt’s bourse … Continue reading
(Reuters) – Camel cigarette brand owner Reynolds American Inc’s planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. (http://on.wsj.com/1Hxtr4g) Reynolds offered to buy Lorillard for … Continue reading
(Reuters) – Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 (108 pounds) per share expected by some analysts, the Wall Street Journal reported, citing people familiar with … Continue reading
HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close. KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and … Continue reading
REUTERS – Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, … Continue reading
By Toby Sterling AMSTERDAM, May 22 (Reuters) – The Dutch government is set torecommend on Friday that ABN Amro bank return toprivate hands via a stock market listing — seven years after itwas nationalised during the 2008 financial crisis. Finance … Continue reading
LONDON (ShareCast) – Wall Street banks may face further damaging allegations about their rigging of foreign exchange markets, as New York’s banking regulator intensifies a probe into electronic trading, according to the Financial Times.The New York Department of Financial Services … Continue reading
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