UN: Palestinian Authority faces risk of financial collapse

Asia & Pacific 04/29/19, 19:34

The U.N. political chief warned Monday that the worsening Palestinian financial crisis poses a growing risk "of a financial collapse of the Palestinian Authority." Rosemary DiCarlo told the U.N. Security Council that "a sustainable resolution" to the authority's funding crisis is ...

Update: CEOs say big banks more stable since crisis

Business 04/10/19, 08:55

The Latest on the appearance of U.S. bank CEOs before Congress (all times local):9:45 a.m.The early, dominant theme from the CEOs of the nation's biggest banks at Wednesday's Congressional hearing is simple: We're grateful, and we are safer now.All seven ...

CEOs of big banks face off with House Democrats

Business 04/10/19, 08:19

The heads of some of the largest banks in the U.S. are appearing in front of Congress Wednesday, for the most significant hearing on the banking industry since Democrats took control of the House.Based on prepared testimony, the chief executives ...

Fed puts forward proposals to modify bank regulations

Business 04/08/19, 14:31

The Federal Reserve on Monday put forward two proposals to modify regulations put in place after the 2008 financial crisis that the banking industry complained were too restrictive. The proposed regulatory changes were approved on a 4-1 vote with Fed board ...

Greece limits foreclosure protection after financial crisis

Europe 03/27/19, 11:23

Lawmakers in Greece have begun debating tougher regulations to deal with household insolvency after the financial crisis left nearly half of mortgages and commercial loans non-performing or in distress.The debate started Wednesday at a parliamentary committee despite failure by the ...

Greece backs Bolivian leader’s call for Venezuela dialogue

America 03/15/19, 06:16

Greece's left-wing Prime Minister Alexis Tsipras is backing calls by Bolivia for a negotiated settlement to the severe political and financial crisis in Venezuela.Many European Union member countries are among 50 nations, including the United States, which are backing Venezuelan ...

Thoroughbred breeding numbers continue to fall in Florida

U.S. 03/03/19, 03:01

In the past decade, breeding of racing thoroughbreds continues to consolidate in Kentucky, leaving other states, including Florida, to fight over a smaller piece of a shrinking pie.And for the first time in decades, the number of mares bred in ...

GE sells biopharma unit for $21 billion

Business 02/25/19, 07:32

General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself.The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. The mostly-cash ...

Warren returns to Nevada, heart of 2008 economic crisis

Politics 02/16/19, 11:19

Democrat Elizabeth Warren, who made her name as a consumer advocate following the 2008 financial crisis, will make her first appearance Sunday as a presidential candidate in Las Vegas, the boom-and-bust town that made Nevada the epicenter of the country's ...

Update: Warren officially kicks off bid for White House

Politics 02/09/19, 12:04

The Latest on Sen. Elizabeth Warren and the 2020 election (all times local): 12:03 p.m. Sen. Elizabeth Warren has made her presidential candidacy official, kicking off her bid for the White House at a rally in the working-class town of Lawrence, Massachusetts. The ...

Stocks slide as slow growth in China weighs on earnings

Business 01/28/19, 10:25

Stocks opened broadly lower after two major U.S. companies dropped after saying that weakness in China's economy was weighing on their results.Caterpillar, a bellwether for industrial companies, has been warning investors that higher costs related to tariffs would hurt its ...

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