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President Barack Obama plans to nominate Charlotte, North Carolina, Mayor Anthony Foxx to be his next transportation secretary, a White House official said on Sunday.
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April 5- Yankee Candle Co Inc has attracted offers from several private equity firms in a sale process that could value the largest scented candle maker in the United States at about $2 billion, people familiar with the matter said. Madison Dearborn Partners LLC, another buyout firm, acquired Yankee Candle in 2006 for $1.6 billion.
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ATHERTON, Calif., April 4- President Barack Obama acknowledged on Thursday that getting big changes to gun laws through the U.S. Congress would be challenging, telling donors at a California fundraiser gun control was a tougher issue than immigration reform.
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WASHINGTON, March 30- Prospects for a U.S. law to create a pathway to citizenship for 11 million illegal immigrants brightened on Saturday after major business and labor groups reached an agreement on a guest-worker program, a source familiar with the deal said.
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*Harold Hamm's wife, Sue Ann Hamm, sues for divorce and subpoenas financial records.
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Judge Edward Harrington said investors who brought the lawsuit fell short of demonstrating a wider "overarching" conspiracy to drive down takeover prices.
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Algorithms are growing ever more powerful but they are not always up to deciphering the ambiguity of human language and the mystery of reasoning. They are being asked to be more humanlike in what they figure out.
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WASHINGTON, March 10- After years of grabbing the spotlight in U.S.- China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
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WASHINGTON, March 6- House Budget Committee Chairman Paul Ryan said on Wednesday he would unveil a "no-surprises" Republican budget next week that reaches balance in 10 years with only modestly deeper spending cuts than those he proposed a year ago. The first installment of $85 billion in the "sequestration" cuts through Sept. 30 was triggered last week.
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WASHINGTON, March 6- House Budget Committee Chairman Paul Ryan said on Wednesday he will unveil a "no surprises" Republican budget next week that reaches balance in 10 years with only modestly deeper spending cuts than those he proposed a year ago.
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Harper College has rallied around a number. When President Barack Obama called for 5 million more community-college graduates by the end of the decade to boost U.S. competitiveness, this commuter school 30 miles northwest of Chicago figured out it would need to produce 10,604 additional graduates to do its part.
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*White House economic adviser to become deputy at OMB. In a widely expected move, Obama selected agency veteran Gina McCarthy to replace Lisa Jackson as EPA administrator and scientist Ernest Moniz from the Massachusetts Institute of Technology to take over from Steven Chu as Energy secretary.
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LOS ANGELES, March 4- Jeffrey Gundlach, one of the world's leading bond fund managers, has reversed his once-bearish stance on government debt, saying he has bought "more long-term Treasuries in the last month" than in the last four years. I wasn't a fan of Treasuries in July, "said Gundlach, chief investment officer and chief executive officer of DoubleLine Capital.
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WASHINGTON, March 4- President Barack Obama announced his nominees to lead a new U.S. push to tackle climate change on Monday, choosing an air quality expert to run the Environmental Protection Agency and a nuclear physicist to head the Department of Energy.
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WASHINGTON, March 4- President Barack Obama announced his nominees to lead a new U.S. push to tackle climate change on Monday, choosing an air quality expert to run the Environmental Protection Agency and a nuclear physicist to head the Department of Energy.
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WASHINGTON, March 2- Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda.
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By Jeff Mason and Matt Spetalnick. WASHINGTON, March 2- Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda.
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Austan Goolsbee, University of Chicago Booth School of Business, warns that growth will go down and unemployment will go up as a result of these forced budget cuts.
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Thursday's appearance was the first public event for McCarthy, 58, since speculation arose that she will replace Lisa Jackson, the EPA administrator who stepped down this month, as the face of Obama's fresh push to fight climate change. "At the EPA we will do our part to build on your success," she said at the Georgetown University Law Center.
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WASHINGTON, Feb 20- President Barack Obama intends to nominate air quality expert Gina McCarthy to lead the U.S. Environmental Protection Agency and nuclear physicist Ernest Moniz to head the Department of Energy as early as this week, according to a source familiar with the process.
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WASHINGTON, Feb 17- The White House is drafting a backup immigration reform plan in case a bipartisan congressional committee working on a bill fails, an Obama Administration official said on Sunday, though a key Republican said the president's plan would be "dead on arrival" on Capitol Hill.