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Fed gives big U.S. banks a green light for buyback, dividend plans

WASHINGTON/NEW YORK The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.

Recent Business News

Buffett's Berkshire on verge of becoming BofA's top shareholder

Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses.

Jun 28 2017

Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms

Blue Apron Holdings Inc , the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com's industry-changing deal to buy Whole Foods Market Inc weighed on the sector. | Video

Jun 28 2017

Western Digital says Toshiba's actions in chip spat harm customers

TOKYO Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.

2:00am EDT

Logitech proposes 10 percent dividend hike

ZURICH Logitech has proposed raising its dividend by 10 percent to 0.62 Swiss francs per share, the computer peripherals and mobile speaker maker said on Thursday, after it reported its highest level of operating cash flow in seven years.

2:16am EDT

Investors call on Mylan chairman, director to step down

NEW YORK An investor group led by New York City's comptroller called for Mylan NV's Chairman Robert Coury and Director Wendy Cameron to step down, as part of a campaign against the firm's executive pay packages and high prices for an allergy treatment.

Jun 28 2017

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