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  • WASHINGTON, May 22- President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12- nation Pacific Rim trade deal central to projecting American influence in Asia. The Senate voted 62-37 to approve the Trade Promotion Authority bill, or fast-track as it is known in...

  • Senate clears White House-backed trade bill Friday, 22 May 2015 | 9:23 PM ET

    WASHINGTON— In a victory for President Barack Obama, the Senate passed bipartisan legislation Friday night to strengthen the administration's hand in global trade talks, clearing the way for a highly unpredictable summer showdown in the House. Senate passage of the trade bill capped two weeks of tense votes and near-death experiences for legislation the...

  • LOS ANGELES, May 22- Owners of an oil pipeline that burst in California this week must take numerous corrective measures, including an in-depth analysis of factors contributing to the spill and a plan to fix any flaws found, before they can restart the line, U.S. safety officials said on Friday. The corrective action order issued on Thursday by the U.S....

  • LAS VEGAS— A Nevada judge says a wrongful termination lawsuit filed by the former CEO of Sands China Ltd. against the Macau- based company and others, including chairman and current CEO Sheldon Adelson, can proceed in Nevada. The lawsuit from Steven Jacobs accuses Sands China Ltd., Las Vegas Sands Corp. and Adelson of a host of misdeeds. Jacobs' attorneys argued...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • SANTA BARBARA May 22- Government prosecutors are investigating the company at the center of the California oil spill for possible criminal sanctions, according to the district attorney of Santa Barbara- a city that helped spawn the modern environmental movement. Perhaps one of the worst places on Earth for a crude oil leak, Santa Barbara is a beautiful...

  • LOS ANGELES, May 22- Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific trade. Members of the International Longshore and Warehouse Union voted 82 percent in favor of the new...

  • SPRINGFIELD, Va., May 22- Much about the National Geospatial-Intelligence Agency remains classified, but the U.S. spy agency that maps and analyzes the earth is opening up more than ever, from sharing computer source code on a public website to tapping new sources of intelligence. The National Security Agency's page premiered this week, and the Defense...

  • Chris Christie's administration has reached a deal to pay $7.6 million to a firm the state contracted to help handle applications for its Superstorm Sandy housing recovery program. The state Department of Community Affairs reached the agreement on Thursday with Hammerman and Gainer Inc., also called HGI, department spokeswoman Lisa Ryan said.

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • PORTLAND, Ore.— An Oregon medical marijuana patient who was badly burned in an explosion while he was legally using butane as a solvent to make hash oil is suing the makers and sellers of the fuel. Kevin Tveisme, 28, of Portland, was injured in 2013 when his furnace clicked on, igniting butane vapor. The explosion destroyed his garage and injured a friend, Joseph Westom,...

  • Correction: Earns-Liberty Media story Friday, 22 May 2015 | 5:47 PM ET

    ENGLEWOOD, Colo.— In a story May 8 about Liberty Media's earnings-- generated by Automated Insights using data from Zacks Investment Research-- the Associated Press reported erroneously the company's stock performance over the last 12 months. At that time, Liberty Media shares had risen 10.6 percent over the last 12 months. ENGLEWOOD, Colo.— ENGLEWOOD, Colo.— Liberty...

  • WASHINGTON— There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months. And on Friday, the government agency charged with calculating the economy's growth rate said it would adjust its methods in an effort to resolve the problem. Alec Phillips, an economist at...

  • HOUSTON, May 22- Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. A leak of 100,000 barrels of crude off Santa Barbara in 1969 led to bans on new leases for offshore...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • Traders trawling for catalyst to rally market Friday, 22 May 2015 | 5:34 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.

  • Amgen ends work on experimental psoriasis drug Friday, 22 May 2015 | 5:27 PM ET

    NEW YORK— Drugmakers Amgen and AstraZeneca said Friday that some patients who took an experimental psoriasis drug experienced suicidal thoughts or behavior, and Amgen said it is ending development of the drug. Amgen was in charge of studying brodalumab, a potential treatment for moderate to severe plaque psoriasis and two other inflammatory diseases,...

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...

  • SEATTLE— An official with the state Department of Natural Resources says Seattle activists protesting Shell's plans to drill for oil in the Arctic did some environmental damage to a popular dive park. KIRO radio reports activists left behind material used to anchor their protest barge when they sent kayaks out last weekend to protest the Shell oil rig in...

  • According to documents obtained through an open records request, the Denton Record-Chronicle reports Vantage Energy notified the city early Tuesday of its plans to begin fracking on Denton's west side, beginning next Wednesday. During last November's election, Denton voters banned fracking within the borders of the city of about 125,000 residents,...