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  • LA could become latest US city to pass $15 minimum wage Wednesday, 3 Jun 2015 | 2:35 AM ET

    Seattle and San Francisco recently passed laws to reach the same minimum wage over several years, and Chicago passed one last year that plateaus at $13. Earlier this week, the California Senate approved a plan to again raise the statewide minimum wage, lifting it to $13 an hour in 2017 and tying it to the rate of inflation after that. New York City Mayor Bill de Blasio...

  • Michael Thompson, Pimco's Singapore- based executive vice-president, told Reuters that Pimco's Income Fund invested in Australian bonds for their appealing yields- despite the risk posed by the currency. California- based Pimco, full name Pacific Investment Management Co, had assets $9.4 billion under management in the Income Fund at end-April.

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • Correction: Airlines-Faster Boarding story Tuesday, 2 Jun 2015 | 6:18 PM ET

    DALLAS— In a June 1 story about airline efforts to improve the boarding process, The Associated Press erroneously referred to Morgan Durrant as a Delta Air Lines spokeswoman. DALLAS— Airlines are trying to save time by speeding up a part of flying that creates delays even before the plane leaves the gate: the boarding process. Southwest wants to get families...

  • Health care enrollments by state Tuesday, 2 Jun 2015 | 5:02 PM ET

    Source: U.S. Department of Health and Human Services.

  • Chinese economy faces more pain than gain this year Tuesday, 2 Jun 2015 | 5:00 PM ET

    SHANGHAI, June 3- China's economic growth, already at its slowest in decades, will get worse before it gets better, as economists say it will take time before liberalizing reforms turn net positive, and Beijing needs to bite more such bullets for a sustainable turnaround. GDP growth slowed to 7.4 percent last year, its weakest since 1990, and Beijing is calling for...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • Guidewire Software reports 3Q loss Tuesday, 2 Jun 2015 | 4:22 PM ET

    FOSTER CITY, Calif. _ Guidewire Software Inc. on Tuesday reported a loss of $3 million in its fiscal third quarter. Four analysts surveyed by Zacks expected $80.8 million. For the current quarter ending in July, Guidewire Software expects its per-share earnings to range from 23 cents to 28 cents.

  • Ambarella tops Street 1Q forecasts Tuesday, 2 Jun 2015 | 4:16 PM ET

    SANTA CLARA, Calif. _ Ambarella Inc. on Tuesday reported fiscal first-quarter net income of $18.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Ambarella shares have increased 81 percent since the beginning of the year.

  • Guess tops 1Q profit forecasts Tuesday, 2 Jun 2015 | 4:12 PM ET

    LOS ANGELES _ Guess Inc. on Tuesday reported fiscal first-quarter profit of $3.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Three analysts surveyed by Zacks expected $489 million.

  • Violin reports 1Q loss Tuesday, 2 Jun 2015 | 4:12 PM ET

    SANTA CLARA, Calif. _ Violin Memory Inc. on Tuesday reported a loss of $26.5 million in its fiscal first quarter. On a per-share basis, the Santa Clara, California- based company said it had a loss of 28 cents. Keywords: Violin Memory, Earnings Report.

  • WILLISTON, N.D., June 2- The former chairman of a North Dakota Indian nation that controls one-third of the state's oil output has formed a marijuana company to help tribes around the United States produce and distribute the drug. Tex "Red-Tipped Arrow" Hall, who until last fall led the Three Affiliated Tribes of the Mandan, Hidatsa and Arikara Nation, has formed...

  • St. Louis may be next city to raise minimum wage Tuesday, 2 Jun 2015 | 3:57 PM ET

    ST. LOUIS— St. Louis could be the next city to raise its minimum wage significantly, if Mayor Francis Slay has his way. A starting point for discussion is $15 per hour by Jan. 1, 2020, Crane said, but details are still being ironed out. Last year, Seattle approved an increase that will eventually reach $15 an hour, the highest in the country.

  • *Sell-off in Europe bond market weighs on U.S. NEW YORK, June 2- U.S. long-dated Treasury debt yields rose to two-week highs on Tuesday, drawing support from a rise in European yields after news inflation in the euro zone was picking up and optimism about Friday's U.S. non-farm payrolls report. "The big decline in Bunds prices was a major catalyst behind the recent...

  • SAN JUAN, Puerto Rico— Puerto Rico is preparing to overhaul its heavily indebted public power company as the U.S. territory's government faces a July deadline to approve a new budget and make a roughly $400 million payment to the utility's investors amid growing concerns that public agencies could go bankrupt. Regardless of what type of final plan may be...

  • *Fintech labs planned for London, Berlin, Silicon Valley. FRANKFURT, June 2- Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called "fintech" companies which could aid the banking sector and its clients. A spokesman for Deutsche Bank declined comment.

  • WINNIPEG, Manitoba, June 2- Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. Canada is ratcheting up pressure on U.S. lawmakers to scrap the meat labeling laws after they were ruled illegal by the World Trade Organization...

  • BEEF, PORK, MATTRESSES, CHERRIES, OFFICE FURNITURE, CALIFORNIA WINES- RITZ.

  • SAN FRANCISCO— Check out rental sites for San Francisco, especially the trendier parts: Well over $3,000 a month for a one-bedroom apartment and nearly $5,000 for two bedrooms. Finding a place to live in the city has become so expensive and emotional that city supervisors are considering a 45- day moratorium on luxury housing construction in the Mission...

  • LOS ANGELES— Disney is launching a line of toys that combines high-tech wearable gadgets and old-school superhero role-playing to keep kids moving while engrossing them in sub-plots from "The Avengers,"'' Star Wars "and" Frozen. It's Disney's most ambitious game concept meshing real objects and virtual worlds since August 2013, when the family entertainment...