- IMF urges Japan to take 'bold action' on reforms, debt mess Updated: May-22-15 2:05 pm
TOKYO - Japan needs "bold action" on revamping its economy and improving its precarious national finances, the International Monetary Fund says in its latest assessment of the world's third-largest economy.
- US stocks mostly unchanged on lower oil, higher inflation Updated: May-22-15 1:59 pm
NEW YORK - U.S. stocks were mostly unchanged in afternoon trading Friday as energy companies fell along with the price of oil. Investors are weighing the latest batch of corporate earnings results and a report showing a slight increase in inflation last month.
- Clinton: GOP threatening small-business jobs Updated: May-22-15 1:39 pm
HAMPTON, New Hampshire - Republicans in Congress and GOP presidential hopefuls are threatening tens of thousands of small business jobs by seeking to cut a little-known government agency that guarantees loans to help U.S. exporters, Hillary Rodham Clinton said Friday.
- HSBC getting new trial in securities class action lawsuit Updated: May-22-15 12:21 pm
NEW YORK - A federal appeals court has awarded HSBC a new trial in a securities class action suit that ended with a $2.46 billion judgment against the company.
- US consumer prices ticking up as Fed weighs first rate hike Updated: May-22-15 12:14 pm
WASHINGTON - Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start raising interest rates later this year.
- Private equity fund buying Cincinnati-based Frisch's Updated: May-22-15 11:55 am
CINCINNATI - Frisch's Big Boy restaurants are being sold to a private equity fund, the company announced Friday, which will end family operation of the Cincinnati-based chain that dates to a 1939 drive-thru.
- World Bank to lend Albania up to $1.2 billion over 5 years Updated: May-22-15 8:50 am
TIRANA, Albania - The World Bank has agreed to lend Albania up to $1.2 billion (1.08 billion euros) to support its public finances and invest in infrastructure.
- Georgia-Pacific plant closing marks end of era in Parchment Updated: May-22-15 4:14 am
PARCHMENT, Michigan - Even though he retired 25 years ago, Murphy Darden still finds pride in taking visitors to the site of the former paper mill in Parchment where he made a living as a painter.
- World Bank: Gaza economy on 'verge of collapse' Updated: May-22-15 1:34 am
JERUSALEM - A new World Bank report warns that Gaza's economy is on the "verge of collapse."
- House lawmaker issues subpoena to Fed in leak probe Updated: May-21-15 8:05 pm
WASHINGTON - A powerful congressman is compelling the Federal Reserve to provide documents related to a possible leak in 2012 of market-moving interest-rate information to a financial newsletter.
- Taxes matter in fund investing, even when there's no bill Updated: May-21-15 5:27 pm
NEW YORK - Most of us don't worry about taxes when it comes to mutual funds.
- GOP senators advance bill to ease rules on smaller banks Updated: May-21-15 4:26 pm
WASHINGTON - Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark law reining in Wall Street and the financial industry after the 2008 crisis.
- Acxiom selling IT operations to 2 private-equity firms Updated: May-21-15 3:54 pm
LITTLE ROCK, Arkansas - Little Rock-based Acxiom Corp. said it is selling its information-technology infrastructure management operations to two private-equity firms in a potential $190 million deal.
- Spain: Ex-IMF chief must pay $20M to unfreeze his accounts Updated: May-21-15 12:02 pm
MADRID - A judge overseeing the fraud and money laundering case involving former International Monetary Fund chief Rodrigo Rato has ordered him to put up 18 million euros ($20 million) as collateral to unblock his financial accounts.
- IMF upgrades Russia growth outlook Updated: May-21-15 10:34 am
MOSCOW - The International Monetary Fund predicts a less severe recession for Russia and says the country's economy will return to growth in a "mild recovery" next year.
- ECB committed to see stimulus program through, account shows Updated: May-21-15 8:16 am
FRANKFURT, Germany - Accounts of the European Central Bank's last meeting show it is committed to completing its 1.1 trillion-euro ($1.2 trillion) stimulus program.
- Survey: Minority-owned businesses face loan obstacles Updated: May-21-15 2:51 am
NEW YORK - Minority businesses have a harder time getting bank loans than small companies in general, according to a survey released Thursday by Wells Fargo & Co. and the polling company Gallup.
- New Zealand fails to deliver promised budget surplus Updated: May-21-15 12:20 am
WELLINGTON, New Zealand - New Zealand's government on Thursday blamed low inflation for its failure to deliver a promised budget surplus this year but said it remains on target to get its books into the black next year.
- CareFirst says data breach affects about 1.1M people Updated: May-20-15 7:14 pm
NEW YORK - In the latest disclosure of a cyberattack against a health insurer, CareFirst BlueCross BlueShield says that attackers gained access to a database that included the names of 1.1 million people.
- Court won't exempt Notre Dame from birth control provision Updated: May-20-15 7:10 pm
SOUTH BEND, Indiana - A federal appeals court has rejected the University of Notre Dame's request to temporarily be exempt from a provision in the Affordable Care Act that requires the Catholic school's insurance providers to cover the costs of contraceptives for students and staff.
- Banks fined more than $5B, to plead guilty to market rigging Updated: May-20-15 5:41 pm
WASHINGTON - Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets - a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.
- Fed minutes indicate June rate hike unlikely Updated: May-20-15 4:51 pm
WASHINGTON - Federal Reserve policymakers largely agreed when they met last month that it would be too early to start raising interest rates in June, as they debated whether the economy's winter weakness would fade or persist.
- Despite growth uptick, full recovery still far for Europe Updated: May-20-15 11:10 am
FRANKFURT, Germany - Europe's economy has been down so long, even a bit of growth looks like recovery.
- Greece faces June 5 default without bailout deal Updated: May-20-15 10:27 am
ATHENS, Greece - Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds, the governing party's parliament spokesman said Wednesday.
- IMF says Gaza reconstruction moving slowly Updated: May-20-15 10:10 am