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  • *Cynk market cap soared past $6 billion without explanation. NEW YORK, June 23- A dual U.S. and Canadian citizen has been criminally charged with running a stock manipulation fraud that generated $300 million of illegal profit, and included a pump-and-dump scheme that caused the market value of little-known Cynk Technology Corp to rocket past $6 billion.

  • PHOENIX— A tribe in southern Arizona that wants its new Phoenix- area casino to open by the end of this year has filed a lawsuit naming Gov. Doug Ducey and other top Arizona officials. The Department of Gaming has notified vendors that they could face certification issues if they work at the tribe's proposed West Valley Resort operation.

  • Ohio mayor, candidate aiding traffic camera probe Tuesday, 23 Jun 2015 | 11:09 AM ET

    COLUMBUS, Ohio— The fourth-term mayor in Ohio's capital city and the Democratic nominee to replace him both say they are assisting with a federal traffic camera bribery investigation, but insist they aren't linked to any wrongdoing. Federal authorities said Friday a former Redflex chief executive pleaded guilty to bribery conspiracy involving getting or...

  • WASHINGTON, June 22- Invoking a famous line from Spider-Man lore about great power coming with great responsibility, the U.S. Supreme Court ruled on Monday in favor of Marvel Entertainment LLC in a patent dispute over a toy that allows users, like the superhero, to shoot webs from the palms of their hands. The court backed Walt Disney Co's Marvel Entertainment in...

  • June 22- The U.S. Food and Drug Administration on Monday approved Medicines Co's blood clot preventer Cangrelor, which has faced multiple setbacks since it first entered late-stage studies close to a decade back. Medicines Co has funneled about $200 million into developing Cangrelor over the past decade, which included two unsuccessful trials and a pivotal...

  • On a 6-3 vote, the court handed a victory to Walt Disney Co's Marvel Entertainment LLC in its legal fight with Stephen Kimble and an associate, Robert Grabb. Marvel, which has paid Kimble more than $6 million over the years to use the patent in the toy, had argued that the precedent set in a 1964 Supreme Court ruling should stand. A federal judge in Arizona agreed, and in...

  • INSTANT VIEW-Fed likely to raise rates later in year Wednesday, 17 Jun 2015 | 2:08 PM ET

    June 17- The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday. COMMENTS: WAYNE KAUFMAN, CHIEF MARKET ANALYST AT PHOENIX FINANCIAL SERVICES IN NEW YORK:.

  • PARIS, June 16- The top U.S. Only a few items had to be checked off before the Marine Corps kicks off in mid-July a tough operational readiness review of the first F-35 squadron that could be sent into combat. He said Congress had curtailed funding for F-35 spare parts in recent budgets, and he would likely need to request extra funds to avoid potential issues with the...

  • NEW YORK, June 14- The average price of regular grade gasoline rose by 3 cents over the last two weeks, the smallest gain in more than two months of steady increases, according to the Lundberg survey released on Sunday. Drivers paid an average of $2.87 a gallon, 82 cents below the average price paid at this time last year. The lowest average-price gasoline in the survey...

  • Jeb Bush to make it official, eyes fresh start Sunday, 14 Jun 2015 | 9:03 AM ET
    Former Florida Gov. Jeb Bush recites the Pledge of Allegiance before speaking at the Washington Marriott Wardman Park Hotel, November 20, 2014 in Washington, DC.

    As he prepares to make his candidacy official, Jeb Bush finds himself in an unexpectedly weak position, The New York Times reports.

  • NEW YORK, June 8- A study released on Monday found that the 50 priciest U.S. hospitals charged some patients more than 1,000 percent of what Medicare considers the cost of procedures. North Okaloosa Medical Center 1,260%. Paul B Hall Regional Medical Center 1,250%.

  • Republicans face a potential political backlash from voters if the Supreme Court rules soon against President Barack Obama's healthcare law, and are split over what to do about it, with some calling on the Obama administration for help. She said in a telephone interview that this would be a blow and she urged Republicans and Democrats in Congress to act.

  • NEW YORK, June 4- The U.S. hotel industry is on a roll, enjoying its best performance since the booming 1990 s, but New York City has come off the boil, suggesting higher occupancy and room rates may have peaked in the No. 1 American tourism destination. Before the financial crisis New York had a supply deficit, keeping hotel rates and occupancies in Manhattan high, said...

  • NSA's phone record spy program lapses Monday, 1 Jun 2015 | 6:45 AM ET
    National Security Agency headquarters, Fort Meade, Maryland

    The agency lost its authority to collect Americans' phone records in bulk, after GOP Sen. Rand Paul stood in the way of extending the program.

  • May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit, helped by a lower tax provision. The market consists of Arizona, California, Colorado, Nevada and Washington. The company's shares fell as much as 3.7 percent to $35.63 on the New York Stock Exchange on Wednesday.

  • *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street was little changed in afternoon trading on Wednesday, paring early gains, as a flurry of deals failed to make up for tepid economic data. "We are seeing some evidence that the weakness in the first-quarter has spilled over to this quarter, but I'm not concerned that U.S. consumer spending for the year...

  • *Macy's, Ralph Lauren down after results. *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street pared early gains in choppy trading as tepid economic data and a renewed selloff in the bond market more than offset a flurry of corporate deals on Wednesday.

  • FACTBOX-What would it take to free U.S. oil exports? Wednesday, 13 May 2015 | 11:18 AM ET

    However, Senator Lisa Murkowski, the Republican head of her chamber's energy committee, introduced a bill on Wednesday that would lift the ban Congress passed in 1975 after the Arab oil embargo created fears of global shortages. While there is plenty of resistance in Congress against lifting the ban, the prospects for a reversal could improve under some of the...

  • What would it take to free U.S. oil exports? Tuesday, 12 May 2015 | 7:32 PM ET

    However, Senator Lisa Murkowski, the Republican head of her chamber's energy committee, is expected to introduce a bill as soon as Tuesday night that would lift the ban Congress passed in 1975 after the Arab oil embargo created fears of global shortages. While there is plenty of resistance in Congress against lifting the ban, the prospects for a reversal could...

  • LAS VEGAS, May 6- Daimler has been granted a licence by the U.S. state of Nevada to test self-driving trucks on public roads, as the United States and Europe race to establish a regulatory framework for autonomous vehicles. While companies such as Google have dominated the headlines with advances in driverless cars, Daimler board member Wolfgang Bernhard told...