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Stock futures slip with world stocks on China caution

Stock index futures dipped on Tuesday as investors took a more cautious view over China's vow of more yuan flexibility, while data on home sales was on tap later in the morning.

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.

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.

Key lawmaker seeks to beef up mortgage risk retention

Some low-risk home loans that meet certain underwriting guidelines will no longer be eligible for an exemption from a broader rule requiring so-called skin-in-the-game if House Financial Services Committee Chairman Barney Frank gets his way as lawmakers put the final touches on new rules for Wall Street.

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Europe to urge exit from stimulus schemes at G20: Merkel

Europe will push for a swift exit from fiscal stimulus programs and a focus on budget consolidation at the G20 meeting next week, German Chancellor Angela Merkel said on Saturday.

Geithner eyes implementation of China yuan move

Treasury Secretary Timothy Geithner said on Saturday he welcomed China's decision to make its yuan exchange rate more flexible, and called for vigorous implementation of the change.

U.S., China face off over currency ahead of G20

The United States pressed China on Friday to move toward a market-based exchange rate, but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week's G20 summit.

Cuba reports little Internet and telecom progress

Cubans' ability to communicate with one another and the world remained well below the norm for the Caribbean and Latin America in 2009, according to a government report released this week.

China says hands off yuan but Obama talks tough

The United States pressed China on Friday to move toward a market-based exchange rate but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week's G20 summit.

CEO safe for now, heat on chairman: BP investors

BP CEO Tony Hayward may cling on after Thursday's mauling by U.S. lawmakers over the Gulf of Mexico oil spill, investors and analysts said, while chairman Carl-Henric Svanberg looked less secure.

Investor mood lifts as BP survives spill grilling

BP shares gained in London on Friday after its boss survived a bruising encounter with U.S. lawmakers and as hopes rose its $20 billion oil spill compensation and clean-up fund will cap public anger.

China says hands off yuan

China told the rest of the world on Friday not to meddle with the way it manages the yuan, setting the stage for a clash with its biggest trading partners at next week's G20 summit.

Obama prods China on currency rates in G20 letter

President Barack Obama raised the prospect of a clash with China at a summit next week by calling for market-determined exchange rates, shortly after Beijing told the world not to criticize its currency policy.

Stock futures signal pause in rally

Stock index futures pointed to a pause in the rally on Wall Street on Friday, with futures for the S&P 500 down 0.15 percent, Dow Jones futures down 0.06 percent and Nasdaq 100 futures down 0.03 percent at 0705 GMT.

BP survives Washington week as investors weigh finances

BP Plc bosses weathered a week of anger in Washington but the energy giant's financial outlook faces renewed scrutiny from investors trying to gauge remaining costs and risks from the biggest oil spill in U.S. history.

Swaps plan seen staying in Wall Street reform bill

A sweeping overhaul of financial regulations will include a controversial plan to insulate banks from risky swap dealing, aides said on Thursday as lawmakers hammered out a final bill.

Lawmakers hand Fed another victory in Wall St bill

The Federal Reserve on Thursday won another battle to maintain its independence as lawmakers crafting a final Wall Street reform bill dropped a plan to make one of its top officials a political appointee.

Lawmakers slam BP's Hayward over Gulf spill

Angry U.S. lawmakers hammered BP Chief Executive Tony Hayward at a congressional hearing on Thursday, accusing his company of taking extreme risks that triggered the worst oil spill in U.S. history.

Jobless claims rise, inflation tame

New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

Wall Street bill likely to preserve Fed independence

After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact.

Factbox: Keys to House-Senate panel on Wall Street reform

A joint conference committee is merging Wall Street reform bills from the Senate and the House of Representatives to reach a final version of historic financial regulation legislation.

Wall Street bill preserves Fed's independence

After suffering sustained criticism of its role in the financial crisis, the Federal Reserve emerged on Wednesday from an overhaul of financial regulations with its jealously guarded independence intact.

General Mills investigates hoax press release

General Mills Inc has begun investigating a hoax press release that said U.S. President Barack Obama had ordered a probe into the cereal maker's supply chain.

Wall Street ends flat on mixed economic data

Stocks finished flat on Wednesday as cautious comments from FedEx and weak housing market data overshadowed a surge in industrial production.

General Mills subject of hoax press release

General Mills Inc was the subject of a hoax press release saying that U.S. President Barack Obama had ordered a probe into the cereal maker's supply chain.

Fed could escape toughest scrutiny in Wall Street bill

After heavy criticism of its handling of the financial crisis, the Federal Reserve on Wednesday appeared likely to escape the most aggressive congressional scrutiny of its interest rate deliberations.