Saudi Cabinet Curbs Powers Of Religious Police
The police patrol public spaces to enforce prayer time store closures, and bans on alcohol, music and the mixing of unrelated men and women.
Long-Stalled Email Privacy Bill Advances In Congress
The House Judiciary Committee voted 28-0 to approve the Email Privacy Act, which would mandate federal authorities get a warrant to access certain emails.
US Retail Sales Fell Unexpectedly In March As Americans Cut Back On Buying Cars
Americans cut back on buying cars last month, further evidence that economic growth stumbled in the first quarter.
Bank Living Wills: 5 Big US Financial Institutions Don’t Have Credible Plans For Winding Down Operations In A Crisis, Regulators Warn
The institutions don’t have credible plans for winding down operations during a crisis without the help of public money, federal regulators have found.
JPMorgan Quarterly Profit Falls 6.7%
The bank’s net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier.
China Summons G-7 Envoys Over South, East China Seas Statement
The Chinese Foreign Ministry on Tuesday expressed anger at the statement, saying the countries should not be taking sides on issues involving territorial disputes.
Congress Sends Obama Bill On Zika Drug Development
The White House said the president is expected to sign the legislation although it is insufficient to meet the challenge.
California Judge Backs Charter-Time Warner Cable Deal, With Conditions
California is the last state where the deal has yet to be approved, and a vote could come as early as May 12.
Panama Says It Raided Offices Of Mossack Fonseca Law Firm
The law firm is at the center of the Panama Papers scandal that has shone a spotlight on the shadowy world of offshore companies.
Taxpayers Pick Up Bulk Of Rehab Bill For ‘Affluenza’ Texan: Newspaper
Texas taxpayers picked up most of the $200,000 bill for Ethan Couch’s court-ordered rehabilitation in a deal that kept him out of prison for killing four while driving drunk.
Asia Shares Rally With Oil, Wary Of China Trade Data
Asian share markets extended early gains Wednesday after upbeat Chinese trade data offered hope the economy was stabilizing.
Brazil’s Rousseff Decries Conspiracy As Impeachment Advances
Brazil’s embattled leader said her vice president was orchestrating a move to topple her.
US Crude Falls On Profit Taking, Oversupply Worries
In early Asian trade Wednesday, worries outweighed more positive news that Russia and Saudi Arabia had reached consensus on an oil output cap.
Drugmaker Valeant’s Bondholders Intend To Call Default
The drugmaker said it now has until June 11 to file its annual report, but reiterated its intention to file it by April 29.
US Regulators To Notify Some Banks Their ‘Living Wills’ Are Flawed: WSJ
Several banks labeled “systemically important” reportedly are to receive “harsh verdicts” for their crisis plans should they have to wind down operations.
Bono Testifies In Front Of US Congress [Video]
U2 lead singer Bono joined diplomats and aid experts on Tuesday to appeal for U.S. Senate support.
Declassified: Secretive North Korea Lifts Veil On Arms Program
Many analysts say that Pyongyang believes convincing the world, and its own people, of its nuclear prowess is as important as the prowess itself.
Dow Jones Industrial Average Surges As Oil Price Rallies On Report Of Crude Output Freeze
Investors were buoyed by a report that Russia and Saudi Arabia had agreed to freeze output ahead of a key producers meeting on Sunday.
Deutsche Bank AG (DBK) Freezing Plan To Create Jobs In North Carolina Over Anti-LGBT Laws
The bank is freezing a plan to create 250 new jobs in the state citing a controversial law targeting LGBT residents.
China Says Tech Firms Pledge To Counter Online Terror Activities
The companies that have signed up to fight terror online include Baidu, Tencent and Alibaba Group, according to the Cyberspace Administration of China.
EU Regulators Resume Scrutiny Of Halliburton, Baker Hughes Deal
The EU antitrust authority had previously expressed concerns that the deal may reduce competition and innovation.
Taliban Announces Start Of Spring Offensive In Afghanistan
Insurgency in the region has gained in strength since the withdrawal of international troops from combat at the end of 2014.
US Agency Protecting Borrowers Lacks Data On Mortgage Servicers: GAO
The U.S. Government Accountability Office found the CFPB did not have "comprehensive data on the identity and number of nonbank mortgage servicers in the market."
Currency Fluctuations Hit More North American Firms’ Earnings, Data Show
The companies that quantified an exchange-rate effect reported a negative impact totaling $33.94 billion, data show.
Bullish Yen Weighs On Japan Stocks, Oil Buoyant As Dollar Sags
Despite Tuesday's gains, wariness over the U.S. earnings season was expected to cap risk assets this week.
Alcoa Profit Falls; Demand Seen Growing Faster Than Supply
Quarterly results were hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments.
Under Armour Drops As Wall Street Traders Focus On Spieth Meltdown
The sports apparel maker’s shares fell nearly 6 percent Monday after the golfer’s meltdown at the Masters.
Led Zeppelin’s Plant, Page To Face ‘Stairway To Heaven’ Trial
A copyright infringement trial is set for May over the opening chords to the band’s 1971 classic.
Obama, Fed Chair Janet Yellen Discussed Risks To Economy, Wall Street Reform At Rare White House Meeting
The president held a rare meeting with the Fed chief in the Oval Office on Monday, and discussed regulatory issues and the world economy, the White House said.
UN Says Food Situation In Iraq’s Fallujah Extremely Worrying
The situation for 60,000 civilians trapped in the besieged Iraqi city will deteriorate unless aid gets into the city, the U.N. World Food Program said.