More Than 25,000 Madoff Victims Now Eligible For $4B Fund
The news suggests that some 25,000 victims of convicted swindler Bernard Madoff's Ponzi scheme may soon recoup at least some of their losses.
Chicago To Pay $3.2M To Settle Two Fatal Police Shooting Cases
The city has agreed to pay a total of $3.2 million to the families of Ryan Rogers and Emmanuel Lopez.
Viacom Board Votes To Stop Paying Sumner Redstone
The media company last year had cut the total pay of its billionaire chairman, who also owns a majority stake in CBS, by 85 percent to $2 million.
Fed Signals Interest Rate Hike Firmly On The Table For June
Minutes from the Fed’s April meeting suggest the central bank is much closer to lifting rates again than Wall Street expects.
Kerry, Egypt’s Sisi Discuss Mideast Peace, Libya Conflict
Egypt was the first of a handful of Arab countries to recognize Israel with a U.S.-sponsored peace accord in 1979, but Egyptian attitudes toward their neighbor remain chilly.
Trump Threat To Renegotiate UN Climate Deal Causes Dismay Abroad
But U.S. insistence on renegotiation could unravel the 195-nation Paris Agreement compromise to curb greenhouse gas emissions.
South Korea’s Hotel Lotte Plans $4.9 Billion IPO, Year’s Largest: Sources
It would be the world’s biggest initial public offering since late 2015 in Asia’s fourth-largest economy.
Mitsubishi Motors President Tetsuro Aikawa To Resign Over Mileage Scandal
Tetsuro Aikawa will resign over the Japanese automaker’s fuel economy data scandal.
Lowe’s Inc. (LOW) Sales Beat Estimates As Housing Market Strengthens
The home improvement chain followed larger rival Home Depot in reporting better-than-expected quarterly sales.
Zika Virus May Spread To Europe In Coming Months, WHO Warns
The World Health Organization's European region covers 53 countries and a population of nearly 900 million.
Sharapova To Face Anti-Doping Hearing In London
The five-times grand slam champion stunned the world in March when she said she had returned a positive test for meldonium.
Tokyo 2020 Bid To Be Investigated After Report Of Payment
Japan, which in 2013 beat Istanbul and Madrid to host the games, has had a number of issues with the bid, including scrapping the design for the centerpiece Olympic stadium, delaying construction.
US Extends Overtime Pay To 4.2 Million Salaried Workers
Officials said many workers will earn more money, an estimated total of $12 billion over the next decade, while others will work fewer hours for the same pay.
Japan’s Economy Dodges Recession In First Quarter, Sales Tax Decision Eyed
The world’s third-largest economy expanded by an annualized 1.7 percent in January-March, much more than a median market forecast for a 0.2 percent increase.
Asian Shares Lower On Revived Fed Hike Expectations
Meanwhile, markets are watching Japan, which could postpone a planned sales tax hike to support the country's flagging economy.
Companies Forced To Rethink Class Action Strategy In US Supreme Court Cases
The death of Supreme Court Justice Antonin Scalia has deprived companies of their most vigorous ally in such cases.
Trans-Pacific Partnership: US Trade Chief Michael Froman Keeps Faith Despite Anti-Trade Rhetoric
Michael Froman says he continues to have "good meetings" with members of Congress about the 12-country Trans-Pacific Partnership.
US Senate Backs Openly Gay Man Eric Fanning As Army Secretary
Eric Fanning, who was supported in a unanimous vote, will become the first openly gay man in the military role.
Brazil’s Petrobras Raises $6.75B In Return To Global Debt Markets
The sale Tuesday was the first to test investor sentiment toward Brazil since President Dilma Rousseff was ousted last week.
Trump Disclosure Form Puts Net Worth At $10B
The personal disclosure form is identical to one Trump filed shortly after announcing his candidacy last year.
Banks Push Swift To Boost Security After Hacks, Bloomberg Reports
Some U.S. banks want to know whether the Swift messaging network responded quickly enough to recent breaches, Bloomberg reported.
Mexico’s President Proposes Allowing Same-Sex Marriage Nationally
Under the plan, such marriages, currently permitted in Mexico City and in several states, would be permitted nationally.
Novartis Splits Drugs Business As Pharma Division CEO David Epstein Leaves In Latest Management Shake-Up
David Epstein is the second high-ranking official to exit the pharmaceutical company within months.
Microsoft Issues Warning Against Britain Quitting EU
The U.S. company’s statement implies its future investment in the country would be at risk if the Brexit happens.
Kenya’s Violent Response To Protest Criticized By US
Police beat citizens demonstrating against alleged bias by the electoral oversight commission.
New Police Force Finds Old Habits Die Hard In Ukraine
A pushback against change shows how fragile Ukraine’s progress in transforming itself into a Western-facing democracy could prove to be.
France’s President Hollande On Labor Reforms: Unemployment Battle Is Not Won
The French president is deeply unpopular with voters as his government pushes through labor reforms.
Greenpeace Activists Climb Madrid Towers In Protest Of TTIP [VIDEO]
Activists on Tuesday scaled Madrid’s Kio Towers in a protest against the Transatlantic Trade and Investment Partnership.
Consumer Price Index Records Biggest Increase In Over Three Years In April As Gasoline, Rents Rise
Lifted by the higher cost of gasoline and rent, among other things, the increase points to a steady inflation buildup.
Home Depot Inc. (HD) Earnings: Home Improvement Chain Reports Better-Than-Expected Sales, Profit
The world’s biggest home improvement chain said that inconsistent weather drove demand across the board.