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  • *Consumer spending falls 0.2 percent in January. WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. All the gas savings are ending up at the bank rather than being spent, "Thomas Costerg, an economist at Standard...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *China rate cut lifts Asia equities, gold. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom...

  • Grain lowe, livestock higher Monday, 2 Mar 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.13 a bushel; May corn was 2.50 cents lower at $3.9075 a bushel; May oats were unchanged at $2.7825 a bushel; while May soybeans gained. 75 cents to $10.3250 a bushel. April live cattle was 1.85 cents higher at $1.5355 a pound; March...

  • NEW YORK— Veronica Roth fans can start the countdown. The "Divergent" author is set to write a new two-book series, HarperCollins Children's Books told The Associated Press on Monday. "Divergent," a Dystopian trilogy Roth completed in 2013, has sold more than 30 million copies and along with Suzanne Collins' "The Hunger Games" and John Green's books helped perpetuate...

  • The scopes were linked to the exposure of 179 patients to drug-resistant bacteria at UCLA's Ronald Reagan Medical Center in Los Angeles and may have contributed to two deaths. In early 2014, following a superbug outbreak at a hospital in Illinois, the FDA asked Fujifilm Holdings Corp, Olympus Corp and Pentax, which make the devices, to submit their test results...

  • CHICAGO— U.S. parents have increasingly pressured doctors to delay vaccines for young children, making their kids and others vulnerable to preventable diseases, a study suggests. The researchers surveyed 534 doctors by email or regular mail in 2012. Participants were doctors who are members of the American Academy of Pediatrics and the American Academy of...

  • KIEV, Ukraine— War-torn Ukraine is a long way from Wood Dale, Illinois. "I don't see myself as a politician," she told The Associated Press at her office in the Ukrainian capital, Kiev. Corruption is endemic throughout Ukraine.

  • Moody's downgrades Chicago's rating over pensions Saturday, 28 Feb 2015 | 10:41 AM ET

    CHICAGO— Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities. "Regardless of outcome of the legal challenges to pension reforms, we expect Chicago's unfunded pension liabilities— and the costs of servicing those liabilities— to continue to...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • CHICAGO, Feb 27- Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody's Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and raising the prospect of more broken swaps contracts. "This is an unfortunate wake-up call for anyone still asleep...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil on Friday after police began fining and arresting protesters who have slowed grain deliveries in the commodities powerhouse. But silos at Paranagua, Brazil's second-largest port for soy exports, now have enough soybeans to keep filling ships until March 3, rather than...

  • NEW YORK, Feb 27- The U.S. stock market has been quiet this week- too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. "Economic data will be the biggest driver of market moves over...

  • CHICAGO, Feb 27- Chicago's rating downgrade to Baa2 by Moody's Investors Service on Friday could terminate four interest-rate swap agreements, costing the city about $58 million, according to the credit rating agency. The swaps, which the city uses to hedge interest-rate risk on its variable-rate bonds, can be ended by bank counterparties if Chicago's credit...

  • SAN FRANCISCO— Thieves drove a car through a high-end electronics store in the latest crash-and-grab heist in the San Francisco Bay Area. San Francisco police say the crime occurred about 4 a.m. Friday at a store on California Street, causing $100,000 in damage to building. On Jan. 27, thieves smashed a stolen SUV through the front of a Wells Fargo museum in San...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Grain lower, livestock mostly higher Friday, 27 Feb 2015 | 10:55 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0050 a bushel; May corn was 1.75 cents lower at $3.8675 a bushel; May oats were unchanged at $2.7450 a bushel; while May soybeans lost. 75 cent to $10.2575 a bushel. April live cattle was 1.40 cents higher at $1.5120 a pound; March feeder cattle...

  • CHICAGO, Feb 27- Moody's Investors Service on Friday cut Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs related to its big unfunded pension liability. The downgrade to Baa2, which is just two notches above the junk level, affects $8.3 billion of Chicago's general obligation bonds. Moody's warned the rating could fall...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, the second-largest soy export port in Brazil,...