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Cyprus seeks help from creditors for troubled bank
Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that could undermine the country's 23 billion euro ($30.8 billion) financial rescue package. In a letter obtained by the Associated Press Wednesday, Nicos Anastasiades told the heads of the European ...
Markets drift as investors ready for Fed
Markets drifted lower Wednesday ahead of a keenly awaited policy statement from the U.S. Federal Reserve. The central bank wraps up a two-day policy meeting later and investors are looking to see if policymakers are moving towards any change in its monetary policy stance. The Fed's strategy of super-low interest ...
Excerpts from recent South Dakota editorials
Argus Leader, Sioux Falls, June 18, 2013 Immigration reform possible Immigration reform is a buzzword that comes packaged with some emotional punch. On one side, many people don't want reform unless the U.S. borders are controlled to keep illegal immigrants out. On the other hand, a bipartisan group of South ...
Commerzbank confirms cutting 5,200 jobs by 2016
Germany's second-largest bank has finalized an agreement to cut 5,200 jobs over the next three years. Struggling Commerzbank AG on Wednesday said some 1,800 positions will be cut in its retail banking division, with the remainder spread across multiple departments. It says the management and the workers' council reached agreement ...
Mass. insurance settlement raised to $5.25M
A company authorities say used deceptive practices to sell supplemental health insurance to veterans and other Massachusetts residents will now pay more than $5 million to settle case. Attorney General Martha Coakley said Tuesday that the new $5.25 million settlement is an increase of $1.5 million over an earlier agreement ...
Armed employees could cost Kan. schools insurance
The company that insures most of Kansas' school districts says it won't provide coverage for districts that allow armed employees on school premises. EMC Insurance Companies has told its agents not to offer or renew policies for Kansas school districts that allow concealed weapons under a law that takes effect ...
US crude oil supplies grew by 300,000 barrels
The United States' crude oil supplies increased last week, the government said Wednesday. Crude supplies grew by 300,000 barrels, or 0.1 percent, to 394.1 million barrels, which is 1.8 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected a drop of 1 ...
US stocks inch down as investors wait on Fed
The stock market is waiting on the Fed. Major indexes drifted lower in midday trading Wednesday as traders wondered what the Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon. The U.S. central bank will release its latest policy update at 2 ...
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NOON MOST ACTIVE STOCKS NEW YORK (AP) — Noon prices for NYSE listed most active stocks: SalesHighLowLastChg AESCorp .16 19045 12.17 11.98 11.99—.18 AKSteel 17309 3.62 3.45 3.47—.07 AT&TInc 1.80 67356 36.14 35.71 35.83—.35 AbtLabs .56 19471 37.27 36.78 37.02—.49 AMD 136756 4.18 4.07 4.10+.01 AlcatelLuc 249774 2.01 1.93 2.00+.13 ...
OC Fannie Mae worker charged with fraud
An Orange County employee of mortgage giant Fannie Mae has pleaded not guilty to charges that he demanded kickbacks to provide listings of repossessed homes to a real estate broker. The Orange County Register (http://bit.ly/11N2PTk) says Armando Granillo has pleaded not guilty to federal counts of wire fraud. He's free ...
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