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Banks win fund exemption in toughened Volcker rule

Banks would face stricter limits on risky trading and investing, but could make small investments in private equity and hedge funds under a modified Volcker rule backed by U.S. lawmakers on Thursday.
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Twitter settles privacy charges with U.S.

Microblogging service Twitter has agreed to a settlement with the U.S. Federal Trade Commission over charges it put its customers privacy at risk by failing to safeguard their personal information.
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Tech companies seeking business in Syria

The United States is urging Syria to open up its markets to U.S. companies' computers and software, but fears over piracy and Internet access restrictions are holding back American technology companies from investing there.
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Supreme Court sets aside convictions of Skilling, Black

The Supreme Court on Thursday set aside some convictions of former Enron Corp Chief Executive Jeffrey Skilling and former media baron Conrad Black, a setback for the U.S. Justice Department in some of its biggest corporate fraud prosecutions of the last decade.
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Jobless claims drop 19,000 last week

The number of workers filing new applications for unemployment insurance fell slightly more than expected last week, offering hope the fragile economic recovery remained intact.
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Stock futures dip on Fed comments

Stock index futures slipped on Thursday as the Federal Reserve underscored worries the recovery was not as robust as hoped and ahead of weekly initial jobless claims data.
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Russian president downloads Silicon Valley success

Russian President Dmitry Medvedev was inspired by a tour of Silicon Valley on Wednesday and left determined to replicate the U.S. technology hub at home, despite pessimism that Russia could create a sufficiently open environment to nurture success.
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Russian president tweets, tours Silicon Valley

Russian President Dmitry Medvedev sent his first Twitter tweet message on Wednesday, then tried out video conferencing at Cisco Systems Inc as he made a quick tour of U.S. technology hub Silicon Valley, which he sees as a possible model for Russia to follow.
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Resolution fund to be dropped from Wall Street bill

Large banks would not have to set aside money to cover the cost of liquidating troubled financial firms under an agreement on Wednesday by U.S. lawmakers finalizing a sweeping rewrite of financial regulations.
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Turning point for bank trading in Wall Street bill

Wall Street banks face a turning point on Wednesday as U.S. lawmakers are expected to spell out limits on a range of risky but lucrative trading practices in a sweeping rewrite of financial regulations.
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Soros says Germany could cause euro collapse

Germany's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.
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Russian president to Silicon Valley: Help!

IPhone chief Steve Jobs and his tech titan friends take an unusual consulting opportunity on Wednesday: helping Russian President Dmitry Medvedev turn around his creaky economy.
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Wall Street eyes flat open as China enthusiasm wanes

Wall Street was set for a flat open on Tuesday as investors reassessed a vow by China for more flexibility on its currency and tread cautiously ahead of data expected to show a slight rise in U.S. home sales last month.
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Stock futures fall as eyes on housing data

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 0930 GMT.
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Business Wire bans email submissions after hoax

Press release service Business Wire said on Monday it will no longer accept releases by email after it inadvertently distributed a hoax statement involving a small pharmaceutical company, days after its main rival was burned in a similar fashion.

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