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Operator of Bitcoin stock exchange penalized by U.S. SEC

U.S. securities regulators on Monday ordered the operator of a stock exchange, which allowed clients to use Bitcoin to trade in certain securities, to pay $68,000 to resolve claims that he did not register the exchanges.

Dec 08, 2014 4:12 PM EST

News

Texas governor-elect seeks federal funds to cover immigration costs

Texas has asked the White House for hundreds of millions of dollars illegal immigration has cost the state, Governor-elect Greg Abbott said on Monday, blaming President Barack Obama for not doing enough to secure the border.

Markets

U.S. factory orders fall for third straight month

New orders for U.S. factory goods fell for a third straight month in October, pointing to a slowdown in manufacturing activity.

Markets

JPMorgan's Dimon says 'no evidence of cancer'

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said medical tests showed "no evidence of cancer in my body," according to an internal memo seen by Reuters.

Financials lead Wall St higher; utilities lag

Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought.

Dec 05, 2014 11:57 AM EST

Dollar, stocks climb as U.S. jobs beat forecast

A surprisingly strong U.S. jobs report lifted the dollar to a five-and-a-half year high against a basket of currencies on Friday, while stocks climbed, led by financial shares.

Dec 05, 2014 11:52 AM EST

Bullish U.S. employment report puts Fed under spotlight

U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.

Dec 05, 2014 11:50 AM EST

Wall Street flat, on tenterhooks over ECB action

U.S. stocks were little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year.

Dec 04, 2014 4:00 PM EST

Draghi says will not allow dissenters to block possible ECB action

The European Central Bank will decide early next year whether to take further action to revive the euro zone's economy, its president said on Thursday, signalling that he would not allow opposition from Germany or anyone else to stop it.

Dec 04, 2014 3:58 PM EST

Euro jumps, bonds sag as ECB puts off stimulus decision

The euro rebounded and European bond yields bounced off record lows on Thursday after the European Central Bank put off until next year a decision on whether to increase economic stimulus, suggesting interest rates won't be pushed lower.

Dec 04, 2014 3:56 PM EST

U.S. SEC's Stein says Bank of America waiver policy is 'breakthrough'

A top U.S. regulator praised the structure of a regulatory waiver granted last month to Bank of America Corp (BAC.N), saying the tougher conditions imposed on the bank may help deter repeat offenses.

Dec 04, 2014 3:54 PM EST

After pulling billions, former Pimco investors may not be better off

When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.

Dec 04, 2014 3:52 PM EST

Exclusive: Takata investigated defective air bag inflator as early as 2003

As early as 2003, Takata Corp (7312.T) ran an investigation into an air bag inflator that ruptured in a BMW (BMWG.DE) vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied.

Dec 03, 2014 10:13 AM EST