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Stocks close higher as Street eyes data, Fed speakers; financials lead

U.S. stocks closed higher, following positive momentum from Europe, as investors looked to Fed speeches and data for signals on rate hike timing.
Source: CNBC.com | By: Evelyn Cheng
World Bank's pension investments clash with values

World Bank indirectly invests part of its $18.8 bn staff pension fund in companies in industries such as coal and tobacco.
Source: Reuters
CORRECTED-RPT-EXCLUSIVE-World Bank's pension investments clash with principles

WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...
Source: Reuters | By: Valerie Volcovici and Anna Yukhananov
AmEx to roll out new loyalty program Plenti

American Express will roll out its new loyalty program, Plenti, allowing U.S. shoppers for the first time to earn rewards points through purchases.
Source: The Associated Press
We're not SIFI: Buffett  

Warren Buffett, Berkshire Hathaway CEO, discusses whether his company could become a systemically important financial institution, and trade.
Source: CNBC.com
Is Big Oil getting its groove back?

Energy stocks have seen a strong bounce over the past month and a half. Have they turned a corner for good?
Source: CNBC.com | By: Lawrence Lewitinn
EXCLUSIVE-World Bank's pension investments clash with principles

WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...
Source: Reuters | By: Valerie Volcovici and Anna Yukhananov
AmEx to roll out loyalty program Plenti on Monday

NEW YORK- American Express will roll out its new loyalty program, Plenti, on Monday, allowing U.S. shoppers for the first time to earn rewards points through a variety of purchases, from paying a phone bill to filling up at the pump. Users can join for free and don't have to be American Express members. "It will really be the first time where U.S. consumers, on a single...
Source: The Associated Press | By: By KEN SWEET, AP Business Writer
US crude closes down 0.8% at $59.15/barrel

US crude oil futures closed Friday's session down 48 cents at $59.15 per barrel.
Source: Reuters
UPDATE 3-Chevron profit drops but beats expectations on refining margins

May 1- Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling crude prices. The help from refining operations mirrored results at large, integrated peers such as Exxon Mobil Corp and Royal Dutch...
Source: Reuters | By: Ernest Scheyder