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Fed gives big U.S. banks a green light for buyback, dividend plans

WASHINGTON/NEW YORK The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.

Recent Business News

Apple's iPhone turns 10, bumpy start forgotten

Apple Inc's iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here.

6:14pm EDT

More than a third of Mylan investors voted against chairman

NEW YORK More than a third of investors voting at Mylan NV annual meeting last week cast votes against Chairman Robert Coury's re-election as the generic drugmaker faced a shareholder campaign against its directors and executive pay packages.

6:11pm EDT

Boeing asks for delay in duty ruling on Bombardier jet petition

Bombardier Inc may have to wait to find out if its CSeries commercial jets will be hit by punishing U.S. duties after Boeing requested the U.S. Department of Commerce to postpone its preliminary ruling on its petition until Sept. 25.

8:04pm EDT

ABC TV settles with beef product maker in 'pink slime' defamation case

The U.S. ABC television network, owned by Walt Disney Co , has settled its closely watched defamation lawsuit with Beef Products Inc over news reports on a processed beef product that critics dubbed "pink slime," both companies said on Wednesday.

6:08pm EDT

U.S. judge allows some VW investor diesel claims to proceed

WASHINGTON A federal judge in California on Wednesday allowed some claims to proceed by investors who sued Volkswagen AG over its diesel emissions scandal, but agreed to the German automaker's request to dismiss parts of the lawsuit.

5:28pm EDT

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