Category: Business News

Navy Censures Officers Over Raunchy Videos

USS Enterprise Capt. Owen P. Honors was among those receiving censure letters from the secretary for videos he showed sailors. The videos, some of which he starred in, included vulgar language and anti-gay slurs. A letter of censure does not end a military officer’s career, but it makes it unlikely the officer will be promoted. » E-Mail This     » Add to NPR Topics: News

JPMorgan, Wells Fargo boost payouts after Fed tests (Reuters)

Reuters – JPMorgan Chase & Co, Wells Fargo & Co and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve. Yahoo! News: Business News

Fed joined G7 in yen intervention: NY Fed spokesman (Reuters)

Reuters – The U.S. Federal Reserve joined other Group of Seven central banks in intervening in currency markets to help weaken the Japanese yen on Friday, a New York Federal Reserve spokesman told Reuters. Yahoo! News: Business News

Wall Street bounces on yen action and Libya truce (Reuters)

Reuters – U.S. stocks bounced for a second day on Friday as Group of Seven nations moved to calm markets rattled by Japan’s nuclear crisis and oil prices fell after Libya said it would cease military actions. Yahoo! News: Business News

Housing market ‘stuck in a rut’

UK mortgage lending remained at low levels in February as the housing market remained “stuck in a rut”, lenders say. BBC News – Business

Japan supply chain issues emerge

Apple, Sony Ericsson and General Motors are among international manufacturers facing likely shortages of parts from Japan. BBC News – Business

BOJ pumps $37bn more into market

The Bank of Japan pumps another 3 trillion yen into the country’s financial markets in a bid to ensure calm. BBC News – Business