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Morgan Stanley posts highest profit since financial crisis

- Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities.

Recent Business News

Fed's Dudley hopeful on rate hike this year

NEW YORK - Economic performance will determine when the Federal Reserve finally raises U.S. interest rates from near zero, an influential Fed official said on Monday, adding he hopes to tighten policy later this year.

9:25am EDT

U.S. and Japan narrow gaps substantially in trade talks: USTR Froman

TOKYO - The United States and Japan have made significant progress in trade talks over recent days, adding momentum to multilateral efforts toward a free-trade pact, U.S. Trade Representative Michael Froman said early on Tuesday.

3:29pm EDT

U.S. court hears Chevron's fraud claims in $9.5 billion Ecuador dispute

- Chevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador.A lawyer for Chevron told the 2nd U.S. Circuit Court of Appeals in New York that Steven Donziger, a U.S. lawyer who represented a group of Ecuadorians that sued the oil giant, pursued a case "shot through with fraud."

U.S., Environment 3:21pm EDT

Business group sees thousands of U.S. jobs from Pacific trade deal

WASHINGTON - The 12-nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal's employment impact.

8:24pm EDT

Oil prices ease as U.S. stockpiles seen rising

SINGAPORE - Oil prices eased on Tuesday on expectations of another rise in U.S. stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015-peak reached last week.

10:36pm EDT

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