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  • US STOCKS-Wall St rallies on data after three-day slump Thursday, 11 Dec 2014 | 11:15 AM ET

    *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks rose on Thursday, bouncing sharply from a three-day drop, as data pointed to a strengthening economy that could weather the impact of a steep drop in oil prices. said Sean McCarthy, regional CIO for Wells Fargo Private Bank in Scottsdale, Arizona.

  • Sen. McCain vows Jones Act will be repealed one day Friday, 5 Dec 2014 | 3:37 PM ET

    WASHINGTON, Dec 5- Senator John McCain said a more than 90- year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. The Department of Homeland Security issued a rare waiver of the act in 2012 when superstorm Sandy led to fuel...

  • These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...

  • *Apple briefly crosses $700 bln market cap, ends lower. NEW YORK, Nov 25- U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range. "We did get that great GDP number noting earth-shattering but confirmation the U.S. economy is really...

  • CHICAGO, Nov 21- A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances. The judge rejected the state's argument that public workers and...

  • WASHINGTON, Nov 21- U.S. House of Representatives Speaker John Boehner said on Friday that President Barack Obama's executive action on immigration had sabotaged chances for bipartisan legislation and vowed to lead a fight to block the order. Obama is set to sign the order, the biggest U.S. immigration changes in a decade, later on Friday at a high school in Las...

  • NEW YORK, Nov 21- The morning after President Barack Obama announced his sweeping action to overhaul the U.S. immigration system, conservative groups and states were already pulling together legal strategies to dismantle the plan. Opponents said there will likely be a three-pronged legal approach to stymie Obama's moves: Congress could sue the president for...

  • SAN FRANCISCO/ WASHINGTON, Nov 20- President Barack Obama plans to make life a little easier for some foreign tech workers, but Silicon Valley representatives are disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards. The president's moves will make it easier for entrepreneurs to work in...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • Obama's immigration tweaks leave Big Tech wanting more Thursday, 20 Nov 2014 | 7:21 PM ET

    SAN FRANCISCO/ WASHINGTON, Nov 20- Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees. The president's moves will make it...

  • Takata warns about ability to fix deadly air bag Thursday, 20 Nov 2014 | 7:07 PM ET
    A Takata employee sews an airbag at Takata's current crash-testing facility in Auburn Hills, Michigan.

    An executive from Japan's Takata Corp told U.S. senators on Thursday that the company may not be able to move quickly enough with air bag fixes.

  • *Senators push Takata to expand recall across U.S. *Takata admits it may have a parts shortage. WASHINGTON/ DETROIT, Nov 20- An executive from Japan's Takata Corp told U.S. senators on Thursday that the supplier is urgently trying to ramp up replacement parts for millions of vehicles equipped with potentially deadly air bags, but said it may not be able to move...

  • Arizona AG alleges GM cover up  Thursday, 20 Nov 2014 | 2:43 PM ET

    Arizona is suing General Motors for an estimated $3 billion over its ignition recall. Tom Horne, Arizona Attorney General, says General Motors had information about ignition problems and did not reveal them to the public.

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • *Senators push Takata to expand recall across U.S. *Takata stops short of taking "full responsibility" for deaths. WASHINGTON/ DETROIT, Nov 20- An executive from Japan's Takata Corp apologized at a Senate hearing on Thursday to the victims of defective air bags that can rupture upon deployment and shoot metal shards into cars, but stopped short of taking full...

  • *Arizona says "hundreds of thousands" put at risk. Nov 20- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls. Documents produced to U.S. Congress and federal safety regulators...

  • *Senators push Takata to expand recall across U.S. *Takata insistent that regional recall is sufficient. WASHINGTON/ DETROIT, Nov 20- Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • Nov 20- General Motors Co:.

  • *Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.