News Tribune Financial-

Macy’s 1Q profit rises 20 pct on solid sales

Macy’s Inc. reported a 20 percent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers’ spending on spring clothes.

EU to shift bill for bank failures to bank clients

European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks’ creditors, including the holders of large deposits as a last resort.

Boeing resumes 787 deliveries after 4-month halt

Boeing restarted deliveries of 787s on Tuesday after a four-month halt while it dealt with the smoldering batteries that had kept the planes grounded.

FDA approves genetic test for lung cancer drug

The Food and Drug Administration on Tuesday approved a genetic test from Roche to help doctors identify patients who can benefit from a lung cancer drug made by the company’s Genentech unit.

Stock market rises back into record territory

The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.

IRS knew tea party targeted in 2011

Senior Internal Revenue Service officials knew agents were targeting tea party groups as early as 2011, according to a draft of an inspector general’s report obtained by The Associated Press that seemingly contradicts public statements by the IRS commissioner.

US Treasury reports $113B surplus in April

The U.S. Treasury said Friday that it took in a rare surplus of $113 billion in April, the largest in five years.

Government sells 58.4 million shares of GM stock

The government has sold another piece of its stake in General Motors Co.

Icahn, Southeastern challenge Dell takeover plan

One of the biggest critics of Michael Dell’s plan to take the company he founded private has launched a fresh challenge to that $24.4 billion bid and says the slumping PC maker needs new leadership.

FDIC closes banks in North Carolina, Georgia

Regulators say they have closed banks in North Carolina and Georgia, bringing the number of U.S. bank failures to 12 this year.

FDA denies request to block generic painkiller

In a surprise move Friday, federal health regulators denied a request by Endo Health Solutions to block generic versions of its painkiller Opana ER, which the company argued are more easily abused than its branded product.

Dollar rises above 100 yen for first time in 4 years

The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures.

Bloomberg bars reporters from client log-in data

Financial data and news company Bloomberg LP said Friday that it had corrected a “mistake” in its newsgathering policies and cut off its journalists’ special access to client log-in data on the company’s ubiquitous trading information terminals after Goldman Sachs complained about the matter last month.

Lawmakers approve income tax cut

Battling back against tax cuts in neighboring Kansas, Missouri lawmakers gave final approval Thursday to an income tax cut for businesses and individuals that could reduce state revenues by about $700 million annually when fully phased in.

American Airlines settles safety claims for $24.9M

American Airlines has agreed to pay $24.9 million to settle $162 million in potential fines that were proposed by U.S. safety regulators.