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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...

  • 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.

  • United flights resume after information problem Tuesday, 2 Jun 2015 | 1:45 PM ET

    United Airlines flights have resumed after a brief delay caused by a problem in the airline's flight-dispatching system. The Federal Aviation Administration briefly posted a notice of a ground stop for all departing United planes, citing "automation issues." Shares of United Continental Holdings Inc. fell 44 cents to $55.88 in midafternoon trading after...

  • June 2- Medical device maker Medtronic Plc reported better-than-expected adjusted quarterly profit on higher sales across its business lines in its first quarter, including revenue from the acquisition of surgical products provider Covidien Plc. Wall Street shrugged off the currency hit, with Medtronic's shares edging slightly higher to $76.72 in...

  • Police met U.S. Airways flight 648, with 88 passengers and five crew on board, when it landed at Philadelphia International Airport due to a "possible security threat," said Victoria Lupica, a spokeswoman for U.S. Airways' parent company, American Airlines Group Inc. NBC and CNN reported that other U.S. commercial flights received bomb threats on Tuesday: a United...

  • Grain higher, livestock mixed Tuesday, 2 Jun 2015 | 10:54 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery gained 4 cents to $4.9775 a bushel; July corn was 4.75 cents higher at $3.57 a bushel; July oats were unchanged at $2.4450 a bushel; while July soybeans rose 12.50 cents to 9.3850 a bushel. August live cattle was. 15 cent lower at $1.52 a pound; August feeder...

  • The battle to be the world's No. 1 restaurant once again felt like a tussle between Spain and Denmark, with Italy caught in the middle. El Celler de Can Roca in Girona, Spain, got the top spot on the annual The World's 50 Best Restaurants announced Monday in London, beating Noma, Rene Redzepi's daringly innovative Danish restaurant, which fell from first to third place.

  • DEARBORN, Mich.— Ford will shorten the traditional summer shut-down at some of its plants for the third consecutive year to meet rising demand. Six assembly plants, as well as supporting powertrain and stamping plants, will shut down for one week beginning June 29, rather than the usual two weeks. Locations include Chicago, Dearborn Truck in Michigan, Kansas City,...

  • JOHANNESBURG, June 2- When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa. Massmart's slow inroads into the rest of the continent, touted as the next big growth area, highlight the challenges of doing business in...

  • CHICAGO, June 2- Drugmakers including Bristol-Myers Squibb Co and Merck& Co are testing which patients will most benefit from new cancer treatments based on a protein found in their tumors, but that guide, known as a biomarker, may be too unreliable, researchers and health experts said. Competitors Roche Holding, AstraZeneca and Pfizer also have similar drugs in...

  • June 2- Kraft Foods Group Inc and Mondelez International Inc petitioned a judge to dismiss two counts in a case filed by the U.S. Commodity Futures Trading Commission that alleged the companies manipulated wheat prices. The CFTC in April accused Kraft Foods and Mondelez of making massive bets in Chicago's futures markets in late 2011 as part of a plot to drive...

  • WASHINGTON— The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology— all hidden behind fictitious companies that are fronts for the government, The Associated Press has learned. The planes' surveillance equipment is generally used without a judge's approval,...

  • DETROIT, June 2- Ford Motor Co said it will produce nearly 40,000 additional vehicles by reducing summer shutdowns at its North American plants to one week from two. The plants affected include one each in Chicago; Dearborn, Michigan; Kansas City, Missouri; two in Louisville, Kentucky; and one in Oakville, Ontario. Ford said in December that it planned to replace the...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • WASHINGTON, June 1- U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. The Commerce Department said April's unchanged reading in consumer spending growth compared with analysts'...

  • *Brent hit by dollar strength, expectation of no OPEC cuts. NEW YORK, June 1- Oil settled down as much as 1 percent on Monday, retreating from Friday's sharp rally on a strong dollar and concern over stubbornly high supplies as OPEC was expected to stick with robust production at its meeting this week. "OPEC continues to produce well above target, and also well above...

  • Matt Zeller, director of market information at INTL FCStone said in a note to clients. Chicago Board of Trade soft red winter wheat for July delivery settled up 16-3/ 4 cents at $4.93-3/ 4 a bushel. K.C. July hard red winter wheat futures were 15-1/ 2 cents higher at $5.14-1/ 4 a bushel and MGEX July spring wheat was 17-1/ 4 cents higher at $5.48 a bushel.

  • WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...

  • *Dollar strength, expectation of no OPEC cuts weighs on oil. NEW YORK, June 1- Oil prices fell more than 1 percent on Monday, retreating from the sharp rally of the previous session, on the impact of a strong dollar and worries of stubbornly high supplies as OPEC prepared to meet this week to stick to production targets. "OPEC continues to produce well above target, and...

  • June 1- Foster Farms, one of the top U.S. chicken producers, plans to largely eliminate antibiotics used to treat humans from its poultry production, it said on Monday. The move brings California- based Foster Farms in line with other top chicken producers, including market leader Tyson Foods Inc, that are backing away from using the drugs over concerns about...