By Angela Moon NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. Still, the indexes closed well off their lows ...
By Karen Freifeld NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman - who has said he plans to sue Bank of America and ...
By Nick Brown (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers filed on Friday in U.S. Bankruptcy Court in Manhattan, ...
President Barack Obama on Friday warned that sexual assault in the military amounts to a national security threat as he enlisted graduating Navy ensigns and Marine second lieutenants at the U.S. Naval Academy in a campaign to stamp it out. “Those who commit sexual assault are not only committing a crime, they threaten the trust ...
WASHINGTON (AP) — Government health officials are investigating several complications reported with potentially contaminated medications made by a Tennessee specialty pharmacy.
CANNES, France (AP) — The annual Cannes festival on the French Riviera is the grandest platform in the world for the highest ambitions of film, a place where the art form is worshipped with wild passion and adoring reverence. Movies are projected pristinely in regal theaters, where they're greeted by the world's cinephiles with feverish ...
By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. The data ...
By Rodrigo Campos NEW YORK (Reuters) - Stocks fell for a third day on Friday amid lingering concern the central bank may scale back its support to the economy. Trading has been choppy in the second half of the week as market participants assess the Federal Reserve's evolving stance towards markets. Fed support has been ...
By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market ...
