Pot use will soon be legal in several states and employers wrestle with whether to adjust their policies, The CSMonitor reports.» Read More
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.
NEW YORK/ LONDON, Dec 6- Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron& Company, becoming one of the first banks to enter the commodity markets. On Thursday, Deutsche Bank, one of the five biggest players of the past decade, said it would quit commodities trading under regulatory pressure, cutting 200 jobs.
DENVER-- A Colorado baker who refused to make a wedding cake for a same-sex ceremony should not be forced to violate his religious beliefs, his attorney told a judge deciding whether the cake-maker should be made to accommodate gay couples.
*Stocks down as ADP, home sales data counter services numbers. NEW YORK, Dec 4- U.S. stocks fell back on Wednesday after a brief rebound while Treasury yields edged higher as strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.
*Wall Street higher after weak start on mixed data. NEW YORK/ LONDON, Dec 4- Stocks edged higher after a weak start on Wall Street on Wednesday, while Treasury yields rose after strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
WASHINGTON-- All 50 states and the District of Columbia have more lax financial disclosure rules for their high court justices than the disclosure requirements for federal judges, according to an analysis from a watchdog group.
WESTMINSTER, Colo.-- Federal regulators gave the go-ahead to Arca Biopharma to begin human clinical testing of its treatment for atrial fibrillation, the company said Wednesday. Arca believes it has identified genetic variations that predict whether a patient will be helped by treatment with the drug Gencaro.
NEW YORK, Dec 4- U.S. stocks were poised for a lower open on Wednesday, after a strong reading on private payrolls bolstered investors' expectations that the U.S. Many market participants expect the Fed to announce a cut to its $85 billion in monthly bond purchases in March, but recent economic data has suggested the move may come even sooner.
DENVER-- Oil and gas company QEP Resources said Monday it will separate its midstream business, QEP Field Services, into a separate company. In October, activist hedge fund Jana Partners LLC disclosed a stake in QEP Resources and said that it would seek QEP's breakup, pushing the company to separate the midstream partnership from the rest of its business.
Nov 27- CVS Caremark Corp said on Wednesday it was buying Coram LLC, Apria Healthcare Group Inc's specialty infusion services and enteral nutrition business unit, for $2.1 billion.
2. "NCIS," CBS, 19.66 million. 4. "The Big Bang Theory," CBS, 18.94 million. 7. "NCIS: Los Angeles," CBS, 14.99 million.
SIOUX FALLS, S.D.-- New rules covering the production, testing and labeling of raw milk sold in South Dakota will take effect Dec. 11, the state's agriculture secretary said Tuesday.
WASHINGTON, Nov 26- Permits for future U.S. home construction hit a near 5-1/ 2 year-high in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing recovery.
DENVER-- Authorities say a Colombian man was arrested in last week's federal raids of more than a dozen sites connected to Colorado's marijuana industry.
WASHINGTON, Nov 25- Democratic Commissioner Cheryl LaFleur has been named acting chairwoman of the U.S. Federal Energy Regulatory Commission, the agency said on Monday. In recent years it has instigated high-profile investigations against major banks, including JP Morgan Chase& Co and Barclays PLC for energy market manipulation and false reporting.
Shares of DaVita HealthCare Partners Inc. jumped in premarket trading Monday after the dialysis services provider said Medicare reimbursement rates won't be as bad next year as many people expected.
Nov 20- Private equity firm Silver Lake has hired JPMorgan Chase& Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter. JPMorgan, Barclays and Morgan Stanley declined to comment.
Nov 20- Broadcaster Gray Television Inc and Excalibur Broadcasting LLC said they would buy 20 stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash, sending Gray's shares up as much as 19 percent.
GM believes the Colorado redux, which will debut at the Los Angeles Auto Show on Wednesday, will be far more successful than its last appearance when U.S. sales peaked in 2005 above 128,000. However, declining popularity and the company's need to save money during its 2009 bankruptcy reorganization forced it to exit the U.S. market last year.