http://www.mail.com/business/ News - Stories and Pictures of Economy, Finance, Jobs, Credit Cards, Bankrate, History of finance and Business in Business - mail.com en en http://sec-s.uicdn.com/mail.com/2.29/img/mailcom_logo_rss.png http://www.mail.com/business/ http://www.mail.com/business/finance/2163982-regulators-order-lenders-to-raise-capital.html LONDON (AP) — British regulators are ordering its biggest banks to bolster their balance sheets by 27. 1 billion pounds ($42.1 billion) to prevent a repeat of the 2008 banking crisis. The Prudential Regulation Authority says Barclays, Lloyds Banking Group and Royal Bank of Scotland account for much of the shortfall. Barclays must boost its capital by 3 bi... Thu, 20 Jun 2013 08:13:57 GMT http://www.mail.com/business/finance/2163982-regulators-order-lenders-to-raise-capital.html 2013-06-20T08:13:57Z http://www.mail.com/business/finance/2163868-house-to-vote-cuts-to-crop-insurance.html WASHINGTON (AP) — The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue. The amendment by Rep. Ron Kind, D-Wis., would limit government help for crop insurance paid to wealthy farmers and limit the subsidies the government gives crop insurance companies. A vote on the amendmen... Thu, 20 Jun 2013 07:22:29 GMT http://www.mail.com/business/finance/2163868-house-to-vote-cuts-to-crop-insurance.html 2013-06-20T07:22:29Z http://www.mail.com/business/economy/2163816-ap-photos-bangladesh-collapse-left-amputees.html SAVAR, Bangladesh (AP) — It was the worst disaster in the history of the garment industry. When the Rana Plaza factory building crashed down in April, 1,129 people were killed. But many others had to sacrifice their limbs to survive. Arms and legs were trapped under the building rubble, forcing rescuers with no medical training to perform amputations on t... Thu, 20 Jun 2013 06:49:27 GMT http://www.mail.com/business/economy/2163816-ap-photos-bangladesh-collapse-left-amputees.html 2013-06-20T06:49:27Z http://www.mail.com/business/finance/2160466-house-votes-to-delay-food-safety-rules.html WASHINGTON (AP) — The House voted late Wednesday to delay sweeping food safety rules that would require farmers and food companies to be more vigilant about guarding against contamination. Lawmakers adopted an amendment by voice vote to a wide-ranging farm bill just before midnight that would delay the rules signed into law in 2011 until the Food and Drug... Thu, 20 Jun 2013 04:45:28 GMT http://www.mail.com/business/finance/2160466-house-votes-to-delay-food-safety-rules.html 2013-06-20T04:45:28Z http://www.mail.com/business/finance/2161856-stocks-slide-fed-bond-purchases-slow.html NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. The sharp reaction in markets, especially in the 10-year Treasury note, showed just how much investors have come to depend on the Fed's easy money policies. Th... Thu, 20 Jun 2013 03:09:20 GMT http://www.mail.com/business/finance/2161856-stocks-slide-fed-bond-purchases-slow.html 2013-06-20T03:09:20Z http://www.mail.com/business/finance/2161306-house-votes-to-cut-food-stamps-2-billion.html WASHINGTON (AP) — The House voted on Wednesday to cut food stamps by $2 billion a year as part of a wide-ranging farm bill. The chamber rejected 234-188 a Democratic amendment to the five-year, half-trillion-dollar farm legislation that would have maintained current spending on food stamps, now called the Supplemental Nutrition Assistance Program, or SNAP... Thu, 20 Jun 2013 00:15:50 GMT http://www.mail.com/business/finance/2161306-house-votes-to-cut-food-stamps-2-billion.html 2013-06-20T00:15:50Z http://www.mail.com/business/economy/2163408-leading-3-d-printer-firms-to-merge-403m-deal.html MINNEAPOLIS (AP) — Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock. Stratasys Ltd. said Wednesday the acquisition will enable it to offer affordable desktop 3-D printers. MakerBot, whose machines are priced around $2,000 to $3,000 and are aimed at the "prosumer" market, sells dire... Thu, 20 Jun 2013 00:12:52 GMT http://www.mail.com/business/economy/2163408-leading-3-d-printer-firms-to-merge-403m-deal.html 2013-06-20T00:12:52Z http://www.mail.com/business/economy/2162604-fed-suggests-its-closer-to-slowing-bond-purchases.html WASHINGTON (AP) — In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening. The Fed's purchases of Treasury and mortgage bonds have helped keep long-term interest ... Thu, 20 Jun 2013 00:06:50 GMT http://www.mail.com/business/economy/2162604-fed-suggests-its-closer-to-slowing-bond-purchases.html 2013-06-20T00:06:50Z http://www.mail.com/business/finance/2163266-senate-backs-froman-trade-representative.html WASHINGTON (AP) — Michael Froman, a senior White House economic adviser and classmate of President Barack Obama at Harvard Law School, on Wednesday won Senate confirmation to be the next U.S. trade representative. The confirmation vote was 93-4, elevating the 50-year-old Froman to the head of an agency now involved in two of the most significant trade dea... Wed, 19 Jun 2013 23:43:24 GMT http://www.mail.com/business/finance/2163266-senate-backs-froman-trade-representative.html 2013-06-19T23:43:24Z http://www.mail.com/business/economy/2162052-mens-wearhouse-ousts-founder-pitchman-zimmer.html NEW YORK (AP) — Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer, 64, who has appeared in many of its TV commercials with the slogan "You're going to like the way you look. I guarantee it." The company announced the m... Wed, 19 Jun 2013 23:27:42 GMT http://www.mail.com/business/economy/2162052-mens-wearhouse-ousts-founder-pitchman-zimmer.html 2013-06-19T23:27:42Z http://www.mail.com/business/economy/2162120-bluebird-bio-shares-rocket-higher-trading-debut.html NEW YORK (AP) — Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut. Its shares climbed $9.91, or 58.3 percent, to close at $26.91 Wednesday after trading as high as $27 earlier in the session. The company's initial public offering of 5.94 million shares had been priced Tuesday at $17 per share, above its initial expectations ... Wed, 19 Jun 2013 23:12:45 GMT http://www.mail.com/business/economy/2162120-bluebird-bio-shares-rocket-higher-trading-debut.html 2013-06-19T23:12:45Z http://www.mail.com/business/economy/2161636-fedex-4q-profit-drops-priority-services-lag.html DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring. FedEx said 3,600 employees will take voluntary buyouts and nearly half of them have already left. The company is also retiring older airplanes. Excluding charges related... Wed, 19 Jun 2013 22:57:33 GMT http://www.mail.com/business/economy/2161636-fedex-4q-profit-drops-priority-services-lag.html 2013-06-19T22:57:33Z http://www.mail.com/business/economy/2163274-father-son-acquitted-ny-sex-trafficking.html NEW YORK (AP) — A judge who heard prostitutes testify that a father-and-son pimp team made them feel like family cleared the two men of sex trafficking charges Wednesday. The men's supporters in the Manhattan courtroom cheered the verdict, but the gallery fell silent when Judge Ruth Pickholtz announced convictions against Vincent George Sr. and Vincent Ge... Wed, 19 Jun 2013 22:41:40 GMT http://www.mail.com/business/economy/2163274-father-son-acquitted-ny-sex-trafficking.html 2013-06-19T22:41:40Z http://www.mail.com/business/finance/2162462-mueller-urges-caution-nsa-program-changes.html WASHINGTON (AP) — FBI Director Robert Mueller on Wednesday urged Congress to move carefully before making any changes that might restrict the National Security Agency programs for mass collection of people's phone records and information from the Internet. In an appearance before the Senate Judiciary Committee, the FBI director said there are 10 or 12 cas... Wed, 19 Jun 2013 22:27:22 GMT http://www.mail.com/business/finance/2162462-mueller-urges-caution-nsa-program-changes.html 2013-06-19T22:27:22Z http://www.mail.com/business/economy/2162528-top-uk-court-overturns-sanctions-iranian-bank.html LONDON (AP) — Britain's Supreme Court quashed sanctions against an Iranian bank penalized over its alleged links to Iran's nuclear weapons program, saying Wednesday that Bank Mellat had been arbitrarily singled out. The U.S. Treasury Department slammed the ruling as mistaken and warned that Bank Mellat remains under American sanctions. Bank Mellat, a priv... Wed, 19 Jun 2013 21:32:37 GMT http://www.mail.com/business/economy/2162528-top-uk-court-overturns-sanctions-iranian-bank.html 2013-06-19T21:32:37Z http://www.mail.com/business/economy/2163092-red-hats-1q-net-up-higher-subscription-revenue.html RALEIGH, N.C. (AP) — Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as subscription revenue increased. Shares added $2.78, or 6 percent, to $49 in after-hours trading. Red Hat's stock has dropped 13 percent in 2013 and closed down 41 cents at $46.22 Wednesd... Wed, 19 Jun 2013 21:22:09 GMT http://www.mail.com/business/economy/2163092-red-hats-1q-net-up-higher-subscription-revenue.html 2013-06-19T21:22:09Z http://www.mail.com/business/economy/2161552-greek-coalition-talks-drag-to-tv-crisis.html ATHENS, Greece (AP) — Greece's governing coalition failed to end a political crisis triggered by the closure of state broadcaster ERT, but said talks would continue Thursday to try to avoid a snap election that could delay vital economic reforms and disrupt the country's bailout program. Conservative Prime Minister Antonis Samaras held his second meeting ... Wed, 19 Jun 2013 21:20:02 GMT http://www.mail.com/business/economy/2161552-greek-coalition-talks-drag-to-tv-crisis.html 2013-06-19T21:20:02Z http://www.mail.com/business/finance/2162758-fires-rage-feds-cut-funding-prevention.html COLORADO SPRINGS, Colo. (AP) — As the West battles one catastrophic wildfire after another, the federal government is spending less and less on its main program for preventing blazes in the first place. A combination of government austerity and the ballooning cost of battling the ruinous fires has taken a bite out of federal efforts to remove the dead tre... Wed, 19 Jun 2013 21:09:38 GMT http://www.mail.com/business/finance/2162758-fires-rage-feds-cut-funding-prevention.html 2013-06-19T21:09:38Z http://www.mail.com/business/finance/2163042-officemax-office-depot-pit-ill-v-fla-hq.html CHAMPAIGN, Ill. (AP) — OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger is approved by offering the best package of tax breaks that they can. Naperville-based OfficeMax made its pitch to Illinois lawmakers Tuesday when executives testified before a state Senate... Wed, 19 Jun 2013 21:07:18 GMT http://www.mail.com/business/finance/2163042-officemax-office-depot-pit-ill-v-fla-hq.html 2013-06-19T21:07:18Z http://www.mail.com/business/finance/2162606-fed-sees-lower-us-unemployment-growth.html WASHINGTON (AP) — The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying program. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks the rate will be between 6.5 percent and 6.8 percent b... Wed, 19 Jun 2013 20:30:12 GMT http://www.mail.com/business/finance/2162606-fed-sees-lower-us-unemployment-growth.html 2013-06-19T20:30:12Z http://www.mail.com/business/economy/2161346-uk-banking-commission-urges-better-standards.html LONDON (AP) — British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial industry, an influential parliamentary committee recommended Wednesday that senior bankers should be held more accountable for their bank's ac... Wed, 19 Jun 2013 20:25:06 GMT http://www.mail.com/business/economy/2161346-uk-banking-commission-urges-better-standards.html 2013-06-19T20:25:06Z http://www.mail.com/business/economy/2162512-pruitt-doj-broke-rules-phone-records-seizure.html WASHINGTON (AP) — The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated Press as part of a leak investigation, the head of the company said Wednesday. AP President and CEO Gary Pruitt told a luncheon gathering of journalists and others that the seizure was not ... Wed, 19 Jun 2013 20:00:39 GMT http://www.mail.com/business/economy/2162512-pruitt-doj-broke-rules-phone-records-seizure.html 2013-06-19T20:00:39Z http://www.mail.com/business/economy/2162172-banks-fall-short-helping-struggling-homeowners.html WASHINGTON (AP) — Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers, according to a report released Wednesday. Such delays can plunge borrowers deeper in debt. Joseph A. Smith Jr., the independent monitor of last year's national mortgage settleme... Wed, 19 Jun 2013 19:41:00 GMT http://www.mail.com/business/economy/2162172-banks-fall-short-helping-struggling-homeowners.html 2013-06-19T19:41:00Z http://www.mail.com/business/finance/2162308-unmanned-aircraft-struggle-to-drone-image.html LE BOURGET, France (AP) — Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker find its way through Arctic ice to bring oil to a stranded Alaskan community. These remote-controlled planes have many more potential peacetime uses. But unmanned aircraft have an i... Wed, 19 Jun 2013 19:27:57 GMT http://www.mail.com/business/finance/2162308-unmanned-aircraft-struggle-to-drone-image.html 2013-06-19T19:27:57Z