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Sports Direct Slumps 6% After Mike Ashley Sells 25 Million Shares

Tue, 04/08/2014 - 5:05am
Shares of Sports Direct International PLC slumped 6.3% in London on Tuesday after reports that the company's founder Mike Ashley sold shares worth more than 200 million pounds ($332 million).
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European Stocks Extend Selloff

Tue, 04/08/2014 - 3:44am
European stocks turned lower Tuesday, extending recent losses as investors globally turn to concerns about stock valuations.
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Nokia says gets Chinese approval to sell phone business to Microsoft

Tue, 04/08/2014 - 3:29am
Nokia has received approval from Chinese authorities to sell its mobile phone business to Microsoft, it said on Tuesday, and added the companies expect the deal to close in April.
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UConn Beats Kentucky To Win NCAA Basketball Title

Mon, 04/07/2014 - 11:27pm
The University of Connecticut Huskies beat the rival Kentucky Wildcats 60-54 in the NCAA Men's Basketball championship game Monday night in Arlington, Texas.
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NCAA Basketball: UConn Leads Kentucky At Half

Mon, 04/07/2014 - 10:17pm
The University of Connecticut Huskies were leading Kentucky Wildcats by 35-31 at halftime in the NCAA Men's Basketball championship game in Arlington, Texas.
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Uber to Launch Courier Service In Manhattan

Mon, 04/07/2014 - 6:37pm
App-based car ride company Uber will deliver a new business line on Tuesday when it launches a trial courier service in Manhattan.
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Ford to Recall About 434,000 Vehicles

Mon, 04/07/2014 - 6:26pm
Ford Motor Co said on Monday it would recall about 434,700 vehicles mainly in North America due to two separate and unrelated issues.
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Senate Passes Unemployment-insurance Bill

Mon, 04/07/2014 - 6:22pm
The Senate on Monday passed a bill that would renew lapsed long-term unemployment benefits.
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Citigroup To Pay $1.3 Billion To Settle Mortgage Claims

Mon, 04/07/2014 - 5:43pm
Citigroup Inc. announced on Monday it will settle $1.13 billion in claims stemming from mortgage securities it sold during the financial crisis.
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U.S. March Budget Deficit $36 Billion: CBO

Mon, 04/07/2014 - 5:37pm
The U.S. ran a budget deficit of $36 billion in March, the Congressional Budget Office estimated Monday.
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Boeing 'protecting' St. Louis fighter jet line: executive

Mon, 04/07/2014 - 5:34pm
Boeing Co is self-funding procurement of some materials needed to keep producing EA-18G electronic attack planes for several months until the U.S. Congress signals whether it will fund 22 more jets in fiscal 2015, a company vice president said on Monday.
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BlackBerry Defeats NXP In Trial Over Patents

Mon, 04/07/2014 - 5:05pm
A federal jury in Florida on Monday ruled in favor of Blackberry in a lawsuit accusing the company of infringing three patents belonging to Dutch semiconductor company NXP BV.
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Samsung Shifts Focus to Costs, Cheaper Phones as 1Q Profit Seen Falling

Mon, 04/07/2014 - 5:02pm
Samsung Electronics Co Ltd is expected to report its second straight quarter of profit decline as its high-end smartphone business loses steam, a trend likely to sharpen the firm's focus on costs and the cheaper phone market.
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Fed Gives Extension On Volcker Rule's CLO Provision

Mon, 04/07/2014 - 4:51pm
Banks will get extensions from the Dodd-Frank Act's Volcker Rule on their ownerships interests in and sponsorship of collateralized debt obligations.
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Fed Gives Banks Two More Years To Shed CLOs Under Volcker

Mon, 04/07/2014 - 4:50pm
The U.S. Federal Reserve will give banks two more years to divest collateralized loan obligations (CLOs) that fall under the Volcker rule, which bans banks from making a range of risky investments.
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Flash Boys' Ends May Justify Lewis' Means

Mon, 04/07/2014 - 4:50pm
If the publicity surrounding Michael Lewis' Flash Boys helps weed some of shadier tactics out of high-frequency trading, than Lewis' one-sided narrative will have proven beneficial.
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Government: 2015 Medicare Payments to Insures to Rise

Mon, 04/07/2014 - 4:48pm
The U.S. government on Monday said that final payments to private health insurers for 2015 private Medicare Advantage plans would rise 0.4 percent for the average plan compared with a proposed cut of 1.9 percent.
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Ford Recalls 435,000 Cars To Fix Rust, Seats

Mon, 04/07/2014 - 4:34pm
Ford Motor Co. issued two recalls Monday totaling nearly 435,000 of its cars and SUVs to correct a couple of fundamental problems: rusty subframes and faulty seats.
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Nasdaq Sees Worst 3-day Loss Since 2011

Mon, 04/07/2014 - 4:07pm
The U.S. stock market fell sharply on Monday as heavy selling in high-growth stocks, which began on Friday, continued to spill over the broader market.
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Dollar Dips In Wake Of Jobs Data

Mon, 04/07/2014 - 4:03pm
The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro.
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