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Updated: 42 min 58 sec ago

'Too Big to Fail' still thriving

Wed, 04/02/2014 - 6:39am
Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big or too strategic to fail is alive and well.
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German cabinet signs off on minimum wage from 2015

Wed, 04/02/2014 - 5:30am
Germany's cabinet gave the green light on Wednesday to a national minimum wage of 8.
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Deutsche Boerse Unit Probed Over Iran Sanctions

Wed, 04/02/2014 - 4:43am
Clearstream Banking SA, a unit of Deutsche Boerse AG , is being investigated by U.S. authorities over allegations it violated money-laundering laws and Iran sanctions, The
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Ford Initiated At Neutral, GM Reduce At Nomura

Wed, 04/02/2014 - 4:28am
Nomura initiated coverage on two major U.S. automakers on Wednesday, starting Ford Motor Co. at neutral and General Motors Co. at reduce.
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BlackBerry Ends T-Mobile U.S. Licensing Deal

Wed, 04/02/2014 - 3:57am
BlackBerry Ltd. said it will not renew the T-Mobile U.S. Inc. license to sell BlackBerry products, due to expire April 25, 2014.
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Massive Chile Earthquake Triggers Tsunami

Tue, 04/01/2014 - 9:10pm
A major 8.2-magnitude earthquake has struck off the coast of Chile, the U.S. Geological Survey said late Tuesday, with the temblor reportedly triggering a tsunami.
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Families of GM crash victims bring their anguish to Washington

Tue, 04/01/2014 - 8:25pm
Standing on the lawn of the U.S. Capitol on Tuesday morning in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life.
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Factbox: GM taps disaster fund expert for potential recall victims' fund

Tue, 04/01/2014 - 6:31pm
General Motors Co said on Tuesday it has hired Kenneth Feinberg, a lawyer widely known for administering funds to compensate victims of high-profile disasters and accidents, to help assess its options for dealing with victims harmed by recalled vehicles.
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Wells Fargo Announces New CFO To Replace Sloan

Tue, 04/01/2014 - 5:33pm
Wells Fargo & Co. announced on Tuesday the appointment of a new chief financial officer.
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Crude Slides as Inventories Build, Data Disappoints

Tue, 04/01/2014 - 5:22pm
U.S. oil futures slipped below $100 a barrel for the first time in a week as expectations mounted for an 11th straight weekly increase in domestic crude stockpiles, and a handful of other ancillary factors weighed on the market.
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Russia says JPMorgan 'illegally' blocked embassy money transfer

Tue, 04/01/2014 - 5:20pm
Russia accused U.S. bank JPMorgan on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian sanctions.
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Wells Fargo CFO to Head Wholesale Banking Group

Tue, 04/01/2014 - 5:11pm
Wells Fargo said Chief Financial Officer Timothy Sloan would head the bank's wholesale banking group after David Hoyt retires on May 15.
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Bitcoin Derivatives Platform BTC Gets Funding From Seedcoin

Tue, 04/01/2014 - 5:08pm
Bitcoin derivatives trading platform has secured funding from Seedcoin Fund, Chief Operating Officer George Samman told Reuters on Tuesday.
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GM's Barra says not aware of stalling issues in other GM cars

Tue, 04/01/2014 - 5:03pm
General Motors CEO Mary Barra told a congressional hearing on Tuesday GM she was not aware of stalling issues in GM vehicles outside of those affected by the faulty ignitions and said cars which had been recalled and repaired were safe.
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Banks Drop Data-Breach Suit Against Target, Trustwave

Tue, 04/01/2014 - 5:02pm
Two banks have dropped their lawsuit against Target and its security assessor, Trustwave Holdings Inc., following the theft of 40 million credit- and debit-card numbers from the retailer last year, according to court documents.
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API Data Show Unexpected Drop In Crude Supply

Tue, 04/01/2014 - 4:57pm
The American Petroleum Institute late Tuesday reported an unexpected drop in crude supplies, according to data from sources.
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After recalls, GM weighing push-button ignitions in all cars: CEO

Tue, 04/01/2014 - 4:54pm
General Motors CEO Mary Barra, speaking to a congressional hearing looking into the recall of 2.
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ICE And Nasdaq Fall On High-frequency Debate

Tue, 04/01/2014 - 4:20pm
Shares of the IntercontinentalExchange Group Inc., which now owns the New York Stock Exchange, and Nasdaq OMX both lost ground on Tuesday as they are part of the heated debate on whether high-frequency trading is bad for the markets and investors that has emerged in recent days.
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Stock Win Streak Hits 3 As S&P Closes At Record High

Tue, 04/01/2014 - 4:09pm
The U.S. stock market ended sharply higher Tuesday, with the S&P 500 closing at a record level.
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Apple again seeks decisive U.S. court ruling against Samsung

Tue, 04/01/2014 - 3:47pm
An Apple Inc attorney told jurors the company deserves about $2 billion from Samsung for copying the iPhone, but a Samsung lawyer said Apple was merely seeking to make up for losing its lead in the smartphone market.
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