WASHINGTON The U.S. Justice and Treasury departments on Monday received subpoenas from a House of Representatives committee seeking documents on how decisions are made about when to prosecute big banks – information that it said the agencies have withheld. In ... More »
NEW YORK The Janus Global Unconstrained Bond Fund, overseen by widely followed investor Bill Gross, attracted just $58.6 million in net new cash in April, and posted below-average returns, according to Morningstar data on Monday. The fund, which had assets of ... More »
BALTIMORE Reclusive rocker Prince took the stage on Sunday in a “Rally 4 Peace” concert in response to the death of a 25-year-old man, whose death from injuries suffered while in police custody triggered riots, telling the crowd: “We are here for you.” The Gra... More »
LONDON With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor. The 19-member currency... More »
NEW YORK MSNBC news anchor Thomas Roberts and talk show host Kelly Ripa were among honorees at GLAAD’s annual media awards on Saturday, which recognize representations of the lesbian, gay, bisexual and transgender (LGBT) community. Roberts, 42, who came out as... More »
NEW YORK A U.S. jury cleared HBO of libel claims on Friday in a lawsuit brought against the Time Warner Inc subsidiary by a British sporting goods company over a report linking it to child labor in India. Mitre Sports International, a unit of the Pentland Grou... More »
ZURICH/LONDON Agrochemicals firm Syngenta on Friday rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. Sources had told Reuters overnight that the two agricultu... More »
NEW YORK Investors worldwide pulled $17.2 billion out of stock funds in the week ended May 6, marking the biggest outflows of the year on concerns about the U.S. economy and U.S. share prices, data from a Bank of America Merrill Lynch Global Research report sh... More »
WASHINGTON David Grim, a 20-year veteran at the U.S. Securities and Exchange Commission, was tapped on Friday to serve as the head of the unit tasked with regulated asset managers, the agency said. SEC Chair Mary Jo White unveiled the decision during an appear... More »
LAS VEGAS Billionaire investor T. Boone Pickens, who cemented his fortune with bets on oil companies, said the price of oil would likely hit $75 dollars a barrel by yearend as demand revives. The octogenarian corporate-raider-turned-hedge-fund-investor also mu... More »
WASHINGTON U.S. Senator Lisa Murkowski said on Thursday she will unveil a bill next week to reverse the U.S. oil export ban in an effort to build support for killing the 1970s-era restriction that drillers say threatens to choke the domestic energy boom. Murko... More »
CAPE CANAVERAL, Fla A Space Exploration Technologies’ passenger spaceship made a quick debut test flight on Wednesday, shooting itself off a Florida launch pad to demonstrate a key emergency escape system. The 20 foot- (6 meter) tall Dragon capsule, a modified... More »
SINGAPORE (Reuters) – Brent crude oil futures slipped towards $66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from the Middle East. A str... More »
HONG KONG (Reuters) – Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region’s growth falters in the face of slowing demand from China. Financial sp... More »
SINGAPORE (Reuters) – The Australian dollar rebounded sharply after slipping initially as the Reserve Bank of Australia cut interest rates, as market players wondered whether the RBA’s easing cycle may be over for now. The Australian dollar rose 0.8 percent on... More »
LOS ANGELES (Reuters) – The fallout from the “Fight of the Century” became murkier on Monday with possible lawsuits in the works and Manny Pacquiao likely to face disciplinary action for failing to disclose a pre-bout shoulder injury. Filipino Pacquiao lost on... More »
SAN FRANCISCO (Reuters) – Investors seem willing to pay just about anything for a better burger. Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for “fast-casual” restaurants catering to younger and... More »
CHICAGO (Reuters) – The largest-ever U.S. outbreak of avian influenza, which has devastated Midwestern poultry and egg producers in recent weeks, could be felt at Thanksgiving tables across the nation come November, farmers and some trade groups say. The virul... More »
REUTERS – Manny Pacquiao will undergo surgery this week for a torn rotator cuff, with the recovery time expected to put the Filipino out of action for 9-12 months, ESPN.com said on Monday. Pacquiao claimed a shoulder injury hampered his bid to hand Floyd Maywe... More »
WASHINGTON (Reuters) – Former U.S. President Bill Clinton said on Monday he would continue to give paid speeches while his wife, Hillary Clinton, runs for president amid criticism of the income her family draws from people, including foreigners, with business ... More »
WASHINGTON (Reuters) – If Hillary Clinton has a Bill Clinton problem, Bill Clinton does not seem to see it. The former president’s insistence on Monday that he would continue to give paid speeches for six-figure sums and remain his family’s foundation chief am... More »
NEW YORK (Reuters) – Federal authorities charged New York state Senate Majority Leader Dean Skelos and his son on Monday with engaging in a corruption scheme, in the latest of a string of criminal cases against politicians in the state’s capital of Albany. Ske... More »
BOSTON (Reuters) – Convicted Boston Marathon bomber Dzhokhar Tsarnaev’s brother frightened at least one relative during a visit to Russia in 2012 when he espoused radical Islamist beliefs, a family member said on Monday. Several of Tsarnaev’s relatives appeare... More »
WASHINGTON (Reuters) – Retired neurosurgeon Ben Carson slammed “slick politicians” in both parties as he launched his bid on Monday for the 2016 Republican nomination for president, casting himself as a problem-solver whose experience sets him apart from the f... More »
LONDON (Reuters) – “The Hunger Games” actress Elizabeth Banks makes her debut as a feature film director in the musical comedy “Pitch Perfect 2” and hopes to inspire more women to get behind the camera. Banks also appears in the sequel to the 2012 “Pitch Perfe... More »
MOSCOW (Reuters) – Maya Plisetskaya, a star of Russia’s Bolshoi ballet who overcame a legacy of Stalinist oppression to redefine her art and be feted as the greatest ballerina of her generation, has died in Germany aged 89. Plisetskaya died of a heart attack i... More »
NEW YORK (Reuters) – Exchange-traded funds that bet against the U.S. Treasuries market enjoyed their best week in at least two months as longer-dated yields posted their biggest weekly rise since March in a global bond market sell-off this week. Among these “i... More »
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Om... More »
WASHINGTON (Reuters) – U.S. telecom industry groups, alongside AT&T Inc and CenturyLink Inc, called for regulators to block parts of new rules for Internet service providers on Friday, citing “crushing” compliance costs and threats to investment. In a filing w... More »
LONDON (Reuters) – A company owned by former New York Mayor Michael Bloomberg has almost doubled its political donations in the UK over the past four years, records of electoral donations show. Bloomberg Tradebook, a British-registered financial markets broke... More »
CAPE CANAVERAL, Fla. (Reuters) – Blue Origin, a startup space company owned by Amazon.com chief Jeff Bezos, launched an experimental suborbital spaceship from Texas, the first in a series of test flights to develop commercial unmanned and passenger spaceflight... More »
WASHINGTON (Reuters) – China and India remain on a U.S. priority watch list for lax rules on copyright, trade secrets and other intellectual property rights violations in an annual review of trading partners published by the U.S. Trade Representative on Thursd... More »
PARIS (Reuters) – Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. IGATE, a... More »
TOKYO (Reuters) – A rally in Chinese stocks led Asian equities to 7-year highs thanks to expectations of more stimulus from Beijing with stellar earnings from a few U.S. hi-tech giants further underpinning a broadly positive mood. Some markets were slightly mo... More »
SINGAPORE (Reuters) – Brent crude prices held near a 4-1/2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline. The number of active ... More »
SYDNEY/JAKARTA (Reuters) – Australia made a last-minute plea on Monday for a stay in the imminent execution of two Australian drug traffickers in Indonesia, saying reports that their trial had been tainted by corruption needed to be investigated. The call from... More »
UNITED NATIONS (Reuters) – Iranian Foreign Minister Mohammad Javad Zarif will meet U.S. Secretary of State John Kerry at the opening of a UN conference on the global anti-nuclear weapons treaty on Monday, as they try to make progress in talks on a long-term at... More »
CHICAGO (Reuters) – Hundreds of farm workers exposed to a highly pathogenic strain of bird flu have been offered antiviral medication as a preventative measure in recent days, U.S. public health officials said. To date, the virulent H5N2 influenza, which has i... More »
TOKYO (Reuters) – The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece’s debt talks pressured... More »
BERLIN/FRANKFURT (Reuters) – Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources clos... More »
WASHINGTON (Reuters) – U.S. Secretary of State John Kerry will meet with Iranian Foreign Minister Mohammad Javad Zarif on Monday in New York, a senior State Department official said on Sunday. The meeting on the sidelines of the five-year review conference on ... More »
LOS ANGELES (Variety.com) – Nothing, it seems, and certainly not Blake Lively, can get “Furious 7” to slam on the brakes. The mega-grossing sequel took the top spot at the weekend box office with $18.2 million, becoming the first film to come in first for four... More »
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC’s 17-mem... More »
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. “During ... More »
WASHINGTON (Reuters) – At the gathering he jokingly called “a night when Washington celebrates itself,” U.S. President Barack Obama took light-hearted aim on Saturday at a range of political friends and foes, including the people running to succeed him. Obama’... More »
WASHINGTON (Reuters) – Drone strikes against suspected enemy combatants on foreign soil should be run by the U.S. military and not the CIA, Senate Armed Services Committee Chairman John McCain said on Sunday. McCain made his remarks on CNN’s “State of the Unio... More »
LONDON (Reuters) – Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several mee... More »
LOS ANGELES (Reuters) – In coming out as a transgender woman, U.S. Olympic gold medalist and TV reality star Bruce Jenner made clear that while he is keen to help raise awareness about problems faced by the community, he is not self-appointing himself as a spo... More »
NEW YORK (Reuters) – “Virgin Mountain,” a Danish-Icelandic film about late bloomers and first love, won the best narrative award at the 14th Tribeca Film Festival and “Democrats,” which follows the quest for democracy in Zimbabwe, was named best documentary. G... More »
CARACAS (Reuters) – A woman who bashed President Nicolas Maduro on the head with a mango has been promised a new house for her troubles in a surreal tropical tale that has gone viral in Venezuela. The 52-year-old president was driving a bus through a crowd las... More »
NEW YORK (Reuters) – Teva Pharmaceutical Industries’ bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply, according to industry experts and a Reuters review of regulatory filings. B... More »
TEOTIHUACAN, Mexico (Reuters) – A Mexican archeologist hunting for a royal tomb in a deep, dark tunnel beneath a towering pre-Aztec pyramid has made a discovery that may have brought him a step closer: liquid mercury. In the bowels of Teotihuacan, a mysterious... More »
NEW YORK/WASHINGTON (Reuters) – Comcast Corp’s board was meeting late on Thursday to finalize plans to abandon its proposed $45 billion merger with Time Warner Cable Inc, according to a person directly familiar with the matter. An announcement is expected as e... More »
WASHINGTON (Reuters) – For extinct creatures like dinosaurs known only from fossils, it is notoriously difficult to differentiate the males from the females of a species because sex distinctions are rarely obvious from the skeletons. But in the case of the wel... More »
SYDNEY (Reuters) – Chinese shares fought to sustain yet another seven-year peak on Tuesday a day before the country updates on economic growth, while much of the rest of Asia took a breather after recent hefty gains. A surprise decision by Singapore’s central ... More »
KIEV (Reuters) – Ukraine’s military accused pro-Russian rebels on Monday of using heavy weapons that were meant to have been withdrawn under a ceasefire deal, after one Ukrainian serviceman was killed and six wounded in rebel-held territories. With fighting in... More »
BEIJING (Reuters) – Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites – remarks that come after a trade group requested U.S. government help in prodding the Chinese e-commerce giant into action against fake goods. ... More »
NEW YORK (Reuters) – Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the U.S. futures market, are now racing for the exit at a near record pace. Outflows from four of the largest oil-specific excha... More »
NEW YORK (Reuters) – Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. healthcare deal activity to seek better compensation at boutique investment banks as well as to participate in the growt... More »
NEW YORK (Reuters) – JetBlue Airways Corp (JBLU.O), the fifth biggest U.S. airline by passengers carried, consistently cancels flights sooner than rivals when storms pummel the U.S. Northeast, a tactic that may help its customers reach destinations more reliab... More »
WASHINGTON (Reuters) – U.S. senators scrambled to shore up bipartisan support for a controversial Iran nuclear bill before a committee meeting on Tuesday that could determine whether the legislation will survive President Barack Obama’s promised veto. The Sena... More »
NEW YORK (Reuters) – By one estimate U.S. online political advertising could quadruple to nearly $1 billion in the 2016 election, creating huge opportunities for digital strategy firms eager to capitalize on a shift from traditional mediums like television. Th... More »
CARACAS (Reuters) – Venezuela President Nicolas Maduro said on Monday night there was no recovery in oil prices forecast this year, stressing the OPEC country’s dwindling dollar income should be “correctly” administered. “This year there’s no recovery in oil p... More »
WASHINGTON (Reuters) – U.S. Secretary of State John Kerry told skeptical Republicans and Democrats on Monday that the U.S. Congress should give him another two and a half months to secure a final nuclear deal with Iran. In a closed briefing with the full House... More »
MIAMI (Reuters) – Republican Marco Rubio presented himself as the leader of a new political generation and the most viable alternative to Democrat Hillary Clinton as he entered the 2016 White House race on Monday and drew a contrast with his mentor and expecte... More »
TOKYO (Reuters) – Finance Minister Taro Aso said on Tuesday he will tell G20 finance leaders that Japan’s economy is turning for the better as the group is likely to discuss the uneven nature of global growth at this week’s gathering on the sidelines of IMF me... More »
SYDNEY (Reuters) – The yen hovered just below a two-year peak against the euro early on Tuesday and was broadly firmer versus other major currencies as investors shed bearish positions overnight. Analysts said the move was triggered by comments from Koichi Ham... More »
MIAMI (Reuters) – U.S. Senator Marco Rubio of Florida urged voters on Monday to make a “generational choice” for new leadership that is not mired in the policies of the past, as the Republican announced he will enter the 2016 race for the White House. Rubio, 4... More »
WASHINGTON/NEW YORK/DES MOINES, Iowa (Reuters) – Hillary Clinton, under pressure from the left wing of her Democratic Party to aggressively campaign against income inequality, voiced concern about the hefty paychecks of some corporate executives in an email to... More »
NEW YORK (Reuters) – Golf wunderkind Jordan Spieth’s resounding win at the Masters golf tournament on Sunday not only will boost his personal sponsorship deals but could give the sport a much-needed jolt. Spieth had already amassed an impressive list of endors... More »
PARIS (Reuters) – Finland’s Nokia Oyj is close to a deal to buy Alcatel-Lucent’s mobile networks unit to boost its core business especially in the United States and China, Les Echos newspaper reported on Monday. The French business daily said an announcement c... More »
WASHINGTON (Reuters) – U.S. President Barack Obama will next month visit South Dakota, the only state he has not visited since taking office in 2009, to deliver the commencement speech at a technical institute, KSFY television reported on Monday. Obama told th... More »
SEATTLE (Reuters) – International Business Machines Corp, deepening its partnership with Apple Inc to make use of health information gathered by millions of Apple devices, is creating a unit dedicated to providing data analytics to the healthcare sector. Its n... More »
BASEL (Reuters) – Roche aims to have an immunotherapy cancer drug in 11 late-stage trials by the end of the year, the Swiss drugmaker’s head of medical affairs for oncology, Nico Andre, said at a conference on Monday. The Basel-based company’s MPDL3280A, which... More »
AUGUSTA, Georgia (Reuters) – Young gun Jordan Spieth, evoking memories of Tiger Woods at Augusta National 18 years ago, added his name to golf’s record books with a stunning wire-to-wire victory by four shots at the Masters on Sunday. Ice-cool whenever he face... More »
AUGUSTA, Georgia (Reuters) – The lords of the Masters are dedicated to putting on an ideal golf tournament, and most of the competitors and thousands of patrons judge it to be just about perfect. An on-course bank of tablets by the 15th hole is used for feedba... More »
AUGUSTA, Georgia (Reuters) – Jordan Spieth’s remarkable victory at the 79th Masters not only confirmed the greatness for which he has long been earmarked but offered a glimpse into the likely pattern at majors for the next decade. Spieth, aged 21, claimed his ... More »
PARIS (Reuters) – French media group Vivendi (VIV.PA), with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere (LAGA.PA). Earlier this week, a source familiar with the matter had told Reuters Vivendi had made a... More »
NEW YORK (Reuters) – Always the bride, never the bridesmaid. A New York City woman accused of being married to eight men at the same time pleaded not guilty in state court in the Bronx on Friday to two counts of felony fraud that prosecutors say stemmed from a... More »
CHICAGO (Reuters) – Home improvement chain Lowe’s Cos Inc will stop selling a type of pesticide suspected of causing a decline in honeybee populations needed to pollinate key American crops, following a few U.S. retailers who have taken similar steps last year... More »
OSAN, South Korea (Reuters) – North Korea has fired two surface-to-air missiles off its west coast, South Korea said on Thursday, with the latest in a string of short-range firings by the North coming shortly before the U.S. defense secretary arrived in the re... More »
BEIJING (Reuters) – China’s main state broadcaster, CCTV, will investigate one of its anchors after a video of him insulting the founder of modern China, Mao Zedong, went viral on social media sites. Mao, who died in 1976, remains a divisive figure. His image ... More »
