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China stocks extend selloff, keep Asia in check

TOKYO - Chinese share markets extended a bruising selloff on Friday after the previous day's plunge, while the dollar took a breather from a sharp run up this week.

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Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'

NEW YORK - Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.

28 May 2015

Fed rate hike in 2015 not consistent with mandate: Kocherlakota

HELENA, Montana - A U.S. interest rate hike this year would be a mistake, a top Federal Reserve official said on Thursday, and would represent a missed opportunity to boost employment and too-low inflation in an economy that has plenty of room to grow.

28 May 2015

Airbus debates new A320 output hike, suffers test glitch

TOULOUSE - Airbus is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes.

28 May 2015

U.S. reaches deals with four more banks under Swiss program

WASHINGTON/NEW YORK - Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday.

Abercrombie signals better year as Hollister sales improve

- Abercrombie & Fitch Co said its business was showing signs of recovery as sales of its Hollister-branded clothes improved, suggesting that recent efforts to revitalize the teen apparel retailer may be starting to pay off.

28 May 2015

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