Dollar flatlines ahead of Yellen, Draghi at Jackson Hole

LONDON - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

Recent Business News

U.S. federal prosecutors questioning GM lawyers on vehicle recalls: source

- U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.

21 Aug 2014

Co-Op Bank losses narrow on branch closures, staff cuts

LONDON - Britain's Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.

3:43am EDT

LSE unveils $1.6 billion rights issue for Frank Russell deal

LONDON - The London Stock Exchange Group said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell.

4:37am EDT

Bank of America settles mortgage probes for $16.65 billion

WASHINGTON/NEW YORK - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank close a major chapter tied to the financial crisis. | Video

21 Aug 2014

Russia's MTS raises Ericsson contract to over $1.5 billion

MOSCOW - Russia's biggest mobile phone operator MTS said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson to more than $1.5 billion.

5:27am EDT


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