Financial services

FILE - In this April 7, 2016, file photo Federal Reserve chair Janet Yellen, left, and former Federal Reserve chairs Ben Bernanke, center, and Paul Volcker, right, react as they listen to former Fed Chair Alan Greenspan appearing via video conference, during a panel discussion in New York. Volcker, the former Federal Reserve chairman died on Sunday, Dec. 8, 2019, according to his office, He was 92. (AP Photo/Kathy Willens, File)
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December 09, 2019 - 11:58 am
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
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December 09, 2019 - 3:01 am
MADRID (AP) — More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change. The investors, including banks, pension funds and insurance companies, directed their message to countries...
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December 08, 2019 - 11:52 am
NEW YORK (AP) — In November, newspaper publisher GateHouse completed its acquisition of USA Today owner Gannett, creating the largest newspaper publisher in the U.S. Executives behind the merger, which was funded in part by a high-interest, $1.8 billion loan from a private equity firm, have pledged...
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December 08, 2019 - 9:42 am
KYIV, Ukraine (AP) — Ukraine and the International Monetary Fund have reached agreement on a new $5.5 billion program to boost the country's growth and economic reforms. The agreement, which still must be approved by the fund's management, was reached in a Saturday telephone call between Ukrainian...
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December 05, 2019 - 10:13 am
WASHINGTON (AP) — The Justice Department unsealed charges Thursday against two Russian men in what authorities say was one of the worst computer hacking and bank fraud schemes of the past decade. Maksim V. Yakubets, 32, of Moscow and Igor Turashev, 38, from Yoshkar-Ola, Russia were charged in the...
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FILE - In this Oct. 18, 2019, file photo, Pacific Gas and Electric Company workers bury utility lines in Paradise, Calif. Pacific Gas & Electric officials urged a federal bankruptcy judge to approve an insurance settlement that would enable the nation's largest utility to regain its financial footing while covering at least $20 billion in losses stemming from catastrophic wildfires tied to its equipment and negligence. (AP Photo/Rich Pedroncelli, File)
December 04, 2019 - 7:42 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment. The...
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December 04, 2019 - 5:07 pm
NEW YORK (AP) — A hedge fund manager whose company paid $1.8 billion in U.S. criminal and civil settlements is in negotiations to increase his stake in the New York Mets, who left open the possibility he eventually could become controlling owner. The team said Wednesday the deal between Sterling...
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Businesswoman Kelly Loeffler, right, smiles while being introduced by Georgia Gov. Brian Kem, left, as his pick to fill Georgia's vacant U.S. Senate seat at the Georgia State Capitol on Wednesday, Nov. 4, 2019, in Atlanta. (Alyssa Pointer/Atlanta Journal-Constitution via AP)
December 04, 2019 - 1:46 pm
ATLANTA (AP) — Georgia’s Republican governor has chosen a wealthy businesswoman and political newcomer to fill an upcoming vacancy in the U.S. Senate, flouting President Donald Trump’s preferred candidate in a play for moderate suburban voters. Gov. Brian Kemp formally announced his selection of...
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FILE - In this Nov. 28, 2018, file photo Microsoft CEO Satya Nadella speaks during the annual Microsoft Corp. shareholders meeting in Bellevue, Wash. Microsoft's shareholders voted Wednesday, Dec. 4, 2019, to defeat two proposals by activist investors that would have required the company to add a rank-and-file employee on its board of directors and study workplace gender pay disparities. (AP Photo/Ted S. Warren, File)
December 04, 2019 - 12:50 pm
Microsoft's shareholders have defeated two proposals by activist investors calling for the company to add a rank-and-file employee on its board of directors and report on gender disparities in company salaries. The company said Wednesday that neither proposal got enough support, according to...
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A woman uses ATM outside a bank, as a Lebanese policeman stands guard, in Beirut, Lebanon, Wednesday, Nov. 20, 2019. Lebanon’s worsening financial crisis has thrown businesses and households into disarray. Banks are severely limiting withdrawals of hard currency, and Lebanese say they don’t know how they’ll pay everything from tuitions to insurance and loans all made in dollars. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month demanding the entire leadership go. (AP Photo/Bilal Hussein)
December 04, 2019 - 11:27 am
BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six months it would...
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