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China's IKang Shares Up 9.5% On Nasdaq Debut

Wed, 04/09/2014 - 2:23pm
American depositary shares in iKang Healthcare Group Inc. were up sharply on their debut on the Nasdaq Stock Market Wednesday.
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Excerpt on policy from March 18-19 FOMC minutes

Wed, 04/09/2014 - 2:11pm
The following is an excerpt covering the Federal Open Market Committee's discussion of monetary policy taken from the minutes of the FOMC's March 18-19 meeting, which were released on Wednesday.
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Factbox: Fed staff forecasts from FOMC minutes

Wed, 04/09/2014 - 2:10pm
The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings:
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Gold Ends Lower, Climbs After FOMC Minutes

Wed, 04/09/2014 - 2:10pm
Gold futures settled lower on Wednesday as strength among U.S. equities lured investors away from the precious metal, but prices climbed in electronic trading after the release of minutes from the Federal Reserve's March meeting.
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Bank of America Reaches $772M Credit-Card Settlement

Wed, 04/09/2014 - 2:00pm
Bank of America reached a settlement with U.S. regulators for $772 million over its credit-card practices.
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Fed Dropped Jobless Target In Secret Meeting

Wed, 04/09/2014 - 2:00pm
Federal Reserve officials had a secret video conference call in early March to discuss overhauling its communication to the market and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated, the central bank said Wednesday.
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'Heartbleed' Bug Forces Canada Tax Agency To Shut Down Online Access

Wed, 04/09/2014 - 1:59pm
Canada's tax collection agency has temporarily shut down access to online tax services, in reaction to the 'Heartbleed' bug that has threatened most of the world's active websites.
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With QE Winding Down, Fed Shifts Focus to Rate Guidance

Wed, 04/09/2014 - 1:47pm
As the Fed moves to end its bond purchases, policymakers are now crafting a plan to eventually begin hiking short-term interest rates from historic lows.
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GM Slumps Further After Downgrade, NHTSA Fine

Wed, 04/09/2014 - 1:32pm
A day after the company was fined for an incomplete response to regulators, General Motors got hit with a downgrade that sent shares lower.
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H-P Pays $108M to DOJ, SEC Over Anti-Bribery Allegations

Wed, 04/09/2014 - 1:20pm
Hewlett-Packard crafted a $108 million settlement with regulators over potential violations of the Foreign Corrupt Practices Act.
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Treasurys Extend Losses After 10-year Note Sale

Wed, 04/09/2014 - 1:09pm
The Treasury Department sold $21 billion in 10-year notes Wednesday at a yield of 2.720%.
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UK welcomes deal to free RBS from dividend access share

Wed, 04/09/2014 - 1:07pm
Britain's finance minister said an agreement for part-nationalized Royal Bank of Scotland to cancel a government-owned share that stops it paying dividends would help taxpayers to get their money back.
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EU regulators allow RBS to cancel UK's dividend share

Wed, 04/09/2014 - 12:50pm
European regulators said on Wednesday they had agreed that Britain's part-nationalized Royal Bank of Scotland can cancel a government-owned share that effectively stops it from paying dividends.
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La Quinta Bounces Back After Weak Debut

Wed, 04/09/2014 - 12:32pm
Shares of La Quinta Holdings Inc. , which begin trading on the market Wednesday, bounced back after a weak opening.
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Bank Of America To Pay $800 Mln For Credit Card Practices

Wed, 04/09/2014 - 12:08pm
Bank of America Corp. has reached a settlement agreement for $800 million over its credit card practices with U.S. regulators, reports The Wall Street Journal.
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Greek Yields Fall Below 6%, Lowest Since 2010

Wed, 04/09/2014 - 11:36am
Greek benchmark yields fell to the lowest level since 2010 on Wednesday after media reports said the country will return to capital markets as soon as this week.
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Yum Brands' Pizza Hut Pushes Into Iraq

Wed, 04/09/2014 - 11:15am
Yum Brands unveiled the opening of its first Pizza Hut in Iraq in an effort to expand the world’s largest pizza chain’s exposure to emerging markets.
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Detroit Reaches Bankruptcy Deal With Bond Insurers

Wed, 04/09/2014 - 11:13am
The bankrupt city of Detroit reached a deal to divert some funds owed to bond insurers toward retiree pensions, according to a statement from Judge Gerald Rosen, who is acting as a mediator in the case.
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Oil Prices Volatile After EIA Supply Data

Wed, 04/09/2014 - 10:39am
Oil futures gained more ground then fell on Wednesday following weekly data that showed larger-than-expected climb in crude supplies, but less than what a trade group reported a day earlier.
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U.S. Wholesale Inventories Up, Sales Rebound

Wed, 04/09/2014 - 10:17am
U.S. wholesale inventories rose at a slower pace in February than in the prior month, which could support views that restocking will not help the economy in the first quarter.
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