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Last Updated May 28, 2016 01:05AM

Banks using some U.S.-based clearinghouses to handle their derivatives trades are set to win a reprieve from tougher capital rules as the European Union continues talks with the Securities and Exchang...

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  • Swiss watchmakers threatened from within
    As Swiss watchmakers struggle with the strong franc, weaker Asian demand, and new technologies such as smartwatches, the last thing they need is a thr...
    Updated May 28 2016 01:05 am   |     |   Share
  • Miami’s condo frenzy ends as inventory piles up
    Miami’s crop of new condo towers, built with big deposits from Latin American buyers and lots of marketing glitz, are opening with many owners heading...
    Updated May 28 2016 01:05 am   |     |   Share
  • Japan’s Abe: China not doing enough to fix steel glut
    Japan’s Prime Minister Shinzo Abe said China isn’t doing enough to tackle oversupply in its steel industry, after Group of Seven leaders pledged to fi...
    Updated May 28 2016 01:05 am   |     |   Share
  • Chinese theme parks have a lot to learn from Disney
    When Disney opens its largest-ever theme park in Shanghai on June 16, the competition won’t be idle. Wang Jianlin, China’s second-richest man and CEO ...
    Updated May 28 2016 01:05 am   |     |   Share


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  • EU digital strategy divides, doesn’t conquer
    Perhaps the biggest reason Europe hasn’t produced digital economy giants like Google, Amazon, Facebook or Netflix is that there’s no such thing as “Eu...
    Updated May 28 2016 01:05 am   |     |   Share
  • Saudi Aramco lifted 2015 oil output to record level
    Saudi Arabian Oil Co., the world’s largest crude producer, increased output to an all-time high last year while keeping its reserves unchanged as the ...
    Updated May 28 2016 01:05 am   |     |   Share
  • FILE - In this Wednesday, Jan. 14, 2015, file photo, a customer uses an ATM at a branch of Chase Bank, in New York.  JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to let customers make instant transfers of money to others who bank elsewhere, often at no cost.  The move comes as traditional banks face pressure from payment companies like Venmo and Square Cash that that offer ways to split the bill.  (AP Photo/Mark Lennihan, File) Banks making it easier to split the tab
    New York • Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faste...
    Updated May 27 2016 05:30 pm   |     |   Share
  • In this Wednesday, March 23, 2016, photo, Kayla Mitchell serves a customer at Good Day Cafe in North Andover, Mass. On Friday, May 27, 2016, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the January-March quarter. (AP Photo/Elise Amendola) U.S. economy shows signs of life after slow
    Washington • The U.S. economy is showing signs of more life after a less-than-stellar start to the year. The government said Friday that first-quarter...
    Updated May 27 2016 05:27 pm   |     |   Share
  • Federal Reserve Chair Janet Yellen gestures while being interviewed as part of a conversation at a Radcliffe Day event at Harvard University in Cambridge, Mass., Friday, May 27, 2016. (AP Photo/Charles Krupa) Yellen: Fed could raise rates in coming months
    Cambridge, Mass. • Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy ...
    Updated May 27 2016 05:24 pm   |     |   Share
  • Ed Department replaces Corinthian monitor
    Washington • The Education Department on Friday appointed a new lawyer to oversee the turnaround of schools once owned by Corinthian Colleges Inc., fo...
    Updated May 27 2016 05:21 pm   |     |   Share
  • Magic Leap alleges workers stole its secrets
    San Francisco • Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets behind its tech...
    Updated May 27 2016 05:18 pm   |     |   Share
  • FILE - In this May 9, 2015, file photo, workers unload pipes for the proposed Dakota Access oil pipeline that would stretch from the Bakken oil fields in North Dakota to Illinois. The discovery of a possible American Indian burial site in northwest Iowa may require relocation of a crude oil pipeline route which would further delay the beginning of construction in Iowa, the only one of four states where work hasn’t yet begun. The Dakota Access pipeline passes through the Big Sioux Wildlife Management area in Lyon County where an American Indian tribe said it has a burial site. (AP Photo/Nati Harnik, File) Iowa Indian burial site claim halts oil pipeline
    Des Moines, Iowa • The possibility of an American Indian burial site in Iowa may require relocation of a crude oil pipeline route which would further ...
    Updated May 27 2016 05:15 pm   |     |   Share
  • New Jersey Gov. Chris Christie, center, greets people as he walks along an already crowded boardwalk to kick off the Memorial Day holiday weekend at the Jersey Shore Friday, May 27, 2016, in Point Pleasant Beach, N.J. (AP Photo/Mel Evans) Christie signs financial aid package for Atlantic City
    Seaside Heights, N.J. • Republican Gov. Chris Christie has signed a package of bills to keep financially troubled Atlantic City from running out of ca...
    Updated May 27 2016 05:12 pm   |     |   Share
  • Authorities stand outside Irving Plaza, near Manhattan’s Union Square in New York after a shooting Wednesday, May 25, 2016. Police say several were injured in a deadly shooting inside the concert venue, where hip-hop artist T.I. was scheduled to perform. (AP Photo/Dana Schimmel) Cellphone radiation study raises concerns
    Washington • A new federal study of the potential dangers of cellphone radiation, conducted in rats, found a slight increase in brain tumors in males ...
    Updated May 27 2016 05:09 pm   |     |   Share
  • Russian President Vladimir Putin stands at the entrance of the Greek prime minister’s official residence in Athens, Friday, May 27, 2016. On his first trip to a European Union country this year, Putin sharply criticized western policy toward Moscow and called a newly-expanded U.S. missile defense system a threat to his country’s security. (AP Photo/Petros Giannakouris) Putin blasts West on first 2016 trip to EU country
    Athens • On his first trip to a European Union country this year, Russian President Vladimir Putin on Friday sharply criticized western policy toward ...
    Updated May 27 2016 05:06 pm   |     |   Share
  • Thermo Fisher to buy microscope-maker FEI
    Thermo Fisher Scientific Inc. will buy FEI Co. for about $4.2 billion, the latest deal by the diagnostics and research equipment company in a campaign...
    Updated May 27 2016 04:33 pm   |     |   Share
  • Verizon gets deal in principle to end strike
    Verizon Communications and its two unions reached an agreement in principle on a new labor contract, the Labor Department said, paving the way for abo...
    Updated May 27 2016 04:32 pm   |     |   Share
  • Shares of organic food supplier SunOpta surge
    SunOpta, a seller of organic and specialty foods, jumped the most in seven years after its largest shareholder pushed the company’s board to explore a...
    Updated May 27 2016 04:21 pm   |     |   Share
  • Wall Street stocks finish best week since March
    New York • U.S. stocks closed higher in their best week since early March after the Commerce Department said economic growth was stronger than initial...
    Updated May 27 2016 04:18 pm   |     |   Share
  • Ulta Salon, FEI and Vanda Pharma rise, Terex slumps
    New York • Stocks that moved substantially or traded heavily Friday: • Ulta Salon, Cosmetics & Fragrance Inc., up $19.46 to $233.15 The beauty prod...
    Updated May 27 2016 04:15 pm   |     |   Share
  • Yellen: Rate hike soon will be ‘appropriate’
    Cambridge, Mass. • Federal Reserve Chair Janet Yellen says a move to increase interest rates in coming months will be “appropriate” if the economy kee...
    Updated May 27 2016 12:48 pm   |     |   Share
  • Connecticut gives world’s largest hedge fund $22M
    Hartford, Conn. • A Connecticut commission has approved a $22 million loan and grant package to help the world’s largest hedge fund upgrade its office...
    Updated May 27 2016 12:36 pm   |     |   Share
  • Holiday air travelers see break from long security lines
    Atlanta • Travelers who were dreading long airport security lines Friday ahead of the Memorial Day weekend instead reported moving quickly through che...
    Updated May 27 2016 12:46 pm   |     |   Share
  • FILE - In this May 4, 2016 file photo, visitors walk by a Takata Corp. desk at an automaker’s showroom in Tokyo.  Eight automakers are recalling more than 12 million vehicles in the U.S. to replace Takata air bag inflators that can explode with too much force. Documents detailing recalls by Honda, Fiat Chrysler, Toyota, Mazda, Nissan, Subaru, Ferrari and Mitsubishi were posted Friday, May 27 by the government. (AP Photo/Shizuo Kambayashi, File) 8 automakers recall over 12M vehicles for air bags
    Detroit • Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. Document...
    Updated May 27 2016 09:30 am   |     |   Share