Financial Service News

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.

Kaiser is president, CEO and primary owner of GBK Corp., parent of Kaiser-Francis Oil Company, which he has managed for 40 years.

U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen by the Federal Bureau of Prisons, according to an order issued on Thursday.

Duke Energy told shareholders Thursday that cleanup costs resulting from its massive coal ash spill into the Dan River won't have a material effect on the $50 billion company's bottom line.

Finally, retailers and banks have agreed to work together to fight data breach incidents, foregoing the finger-pointing of who's responsible for prevention and recovery .

The agreement requires the investor group to pay the salaries of U.S. border inspectors and the cost of inspection facilities on a pedestrian bridge from Tijuana's existing airport into the United States, Commissioner R. Gil Kerlikowske said during a brief interview on a visit to San Diego.

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

Weibo provides a Twitter-like service that allows users to post up to 140 Chinese characters to share with others.

The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.

Stocks are headed for a fourth gain in a row after several big-name U.S. companies reported encouraging first-quarter results.

The bank earned $1.95 billion in the quarter, down 11 percent from $2.19 billion in the same period a year earlier.

Wal-Mart Stores Inc said on Wednesday that it will announce a new service with electronic payments provider Euronet Worldwide Inc on Thursday, but gave no other details.

The full report, which was due on Tuesday, has not yet been processed and posted online by the Federal Election Commission.

Stephen Harper's former chief of staff, Nigel Wright, is relieved that the RCMP won't be laying criminal charges against him and is expected to move back into the private sector - but suspended Sen. Mike Duffy's future is much more uncertain.

After the market closed Wednesday, McLean, Va.-based Capital One reported net income of $1.14 billion, or $1.96 per share, for the three months ending March 31. That compares with net income of $1.04 billion, or $1.77 per share, in the same period of 2013.

American Express says its net income climbed 12 percent in the first quarter, helped by higher spending by its cardholders even as cold winter weather gripped much of the country.

After canceling her show in Kansas City at the last minute following her hospitalization for a severe allergic reaction to antibiotics, Miley Cyrus has now scrapped her show Wednesday night at the Scottrade Center in St. Louis, Missouri.

Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.

U.S. stock futures were moving higher after a set of positive earnings and better-than-expected Chinese GDP data boosted investor sentiment.

The bank's Texas market posted a profit of $46 million in the quarter, up from $43 million a year ago.