News
Banks ‘Recovered’ From Crisis With Most Passing Fed Stress Test
U.S. banks have enough capital to withstand a severe economic downturn, the Federal Reserve said on Thursday, with all but one major bank passing the annual health check of the financial sector. A ...U.S. Regulators Look To Punish Bankers For Money Laundering
Bank executives who violate anti-money laundering laws may soon face harsher punishment in the United States as regulators consider ways to step up the fight against illicit money flows. New rules ...ECB Offers No Helping Hand For Italy, Holds Course On Interest Rates
Markets have settled after Italy's fractured election result and any threat of contagion to other euro members has been muted, European Central Bank President Mario Draghi said on Thursday, ...
U.S. Drought Conditions Improve In Many States, But Not Texas
Winter wheat growers in the U.S. High Plains were enjoying improved soil-moisture conditions in some key growing areas as the region's drought levels continued to retreat, according to a report ...NOAA Says Few El Niño Problems; Extends Forecast Into Summer
The National Oceanic and Atmospheric Administration, a key U.S. weather forecaster, on Thursday extended into the summer its view that the El Niño climate phenomenon should present few weather ...
CDC Issues Warning Of Deadly New SARS-like Virus
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday warned state and local health officials about potential infections from a deadly virus previously unseen in humans that has now ...
U.S. Nuclear Plant Inspections Not Up To Par: Scientists Group
More than one-third of U.S. nuclear power plants suffered safety-related incidents over the past three years, and nuclear regulators and plant operators need to improve inspections to prevent such ...PCAOB Criticizes PwC On Quality Control
The U.S. regulator of corporate auditors criticized PricewaterhouseCoopers on Thursday for not doing enough to ensure that its audits were properly carried out, in a rare public reprimand of a major ...