Finance News

Wall Street Doesn't Want Senate's 'Rollbacks' for Wall Street

A U.S. Senate bill to ease rules for some banks has drawn fire as a giveaway to Wall Street, even on the presidential campaign trail. But to this giveaway, the biggest U.S. banks are saying, "No, thanks."

Cuba Establishes Banking Relationship in US

President Barack Obama wants a guarantee that U.S. diplomats can travel wherever they want on Cuba and meet whomever they please.

Money for Bike, Running Trails Part of Special Legislative Session

By News Service of Florida |

Voter-approved money for land and water conservation could be used to help create asphalt and concrete bicycle and running paths across Florida.

Money Flows Again to Gene-Therapy Drugs Investors Once Shunned

Gene-therapy company Regenxbio Inc. has just 18 employees and doesn't plan its first human trial on a treatment for a rare metabolic disease until early next year.

Global Inflation Mystery Risks Making Central Bankers Bystanders

Janet Yellen's Federal Reserve is "reasonably confident" it can drive up consumer prices. Mario Draghi says his European Central Bank's stimulus has already "proven so far to be potent." The Bank of England reckons inflation is "likely to return" to its target within two years.

Thomas Ice

Thomas Ice: Ocwen Lawyer Spoon-Fed Questions and Answers to Robo-Witnesses

By Samantha Joseph |

Does a letter inadvertently disclosed during discovery show a mortgage servicer's attorney improperly coached witnesses in foreclosure cases?

Warren Buffett Is Sending Mixed Messages on Green Energy

Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.

FAO Schwarz

FAO Schwarz's Manhattan Store to Close in July as Rents Rise

The FAO Schwarz toy store in midtown Manhattan will close in July because of rising rents, leaving the 153-year-old brand without a retail outlet.