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  • The American Pet Products Association's annual report on pet industry spending says Americans spent $58 billion in 2014 on their 397 million pets, which range from freshwater fish and reptiles to cats and dogs. Last year, people spent $22 billion on food; $15 billion on veterinary care; $14 billion on supplies such as beds, bowls and collars and over-the-counter...

  • NEW HAVEN, Conn.— A requirement that Yale undergraduates on financial aid pay up to $6,400 annually toward their education is coming under protest from students who argue it creates a divide along class lines and keeps them from participating more in campus life. University spokeswoman Karen Peart said Yale, like all schools, "expects students to make a modest...

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:34 AM ET
    A worker at Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian Basin outside Midland, Texas, on Dec. 12, 2014.

    Billions of dollars are pouring into oil exchange-traded funds, as investors risk big losses and focus on the chance of huge rewards.

  • UPDATE 1-Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 7:22 AM ET

    *USO says 80-90 pct of shares held by ETF hedge funds. LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. "They can be quite dodgy," said a British woman who buys and sells oil derivatives from a...

  • Achillion reports 4Q loss Thursday, 5 Mar 2015 | 6:42 AM ET

    NEW HAVEN, Conn. _ Achillion Pharmaceuticals Inc. on Thursday reported a loss of $21.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Volatility draws billions into oil funds Thursday, 5 Mar 2015 | 5:17 AM ET

    LONDON/ NEW YORK, March 5- Billions of dollars are pouring into oil exchange-traded funds as investors, many of them small savers more familiar with stocks than commodities, risk big losses and focus on the chance of huge rewards. Five of the biggest oil ETFs have seen their assets more than quadruple since July to $5.4 billion as the oil market has had a...

  • LOS ANGELES, March 4- A second top Los Angeles hospital has reported an outbreak of drug-resistant "superbug" infections, and dozens more potential exposures, from procedures performed with a fiber-optic instrument called a duodenoscope. The Cedars-Sinai cases, like the larger number of infections and potential exposures reported last month at the UCLA...

  • March 4- U.S. solar project developer SunEdison Inc is expanding into the fast-growing market for grid energy storage with the acquisition of a startup that pairs big batteries with solar installations. SunEdison said its purchase of Solar Grid Storage LLC, to be announced on Thursday, will allow it to begin building a storage plan across the country, Tom Leyden,...

  • WASHINGTON— The never-ending political fight over health care hit the Supreme Court Wednesday, and insurance coverage for millions of Americans is on the line. Yes, but foes of President Barack Obama's signature law hope this time the justices will gut "Obamacare." Actually, a lot has changed since the Supreme Court's big health care decision of 2012..

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • HARTFORD, Conn.— The nearly two dozen small harbors in Connecticut that promote economic development in towns from Norwalk to Groton are fighting to be included in the state's new Port Authority that focuses on the three deep water ports in Bridgeport, New Haven and New London. "The first proposal was that the Port Authority should recognize the role of small...

  • LONDON, March 4- Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its Chief Executive Ross McEwan said on Tuesday. RBS is shrinking its investment banking operations dramatically, pulling out of 25 countries in Europe, Asia and the Middle East while cutting jobs...

  • U.S. lawmakers gear up for Supreme Court Obamacare fray Wednesday, 4 Mar 2015 | 1:00 AM ET

    WASHINGTON, March 4- War rooms of lawmakers and their aides in the U.S. Congress are working furiously to try to influence the Supreme Court's nine justices who will hear arguments on Wednesday on the future of President Barack Obama's landmark healthcare law. Senator John Barrasso of Wyoming, a member of the Republican leadership, is spearheading his party's...

  • NEW YORK, March 3- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Arabia on its crude buyers in Asia, the United States and northwest Europe was another...

  • *Netanyahu hits out against Iran in U.S. Congress, fueling rise. NEW YORK, March 3- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces targeted oil terminals in the African nation. Gains accelerated just before noon in New York when...

  • *Gold back above $1,200 but below two-week high. NEW YORK/ LONDON, March 3- Gold was down a shade on Tuesday, weighed by a brief bout of selling in choppy dealings after the metal had recovered from early losses that pulled it below $1,200 an ounce. "Gold... clearly found some support around $1,200 at the start of this month and people are still looking at U.S. data," NRC...

  • HARTFORD, Conn.— Electric-car maker Tesla Motors on Tuesday offered to make some compromises to help state lawmakers pass legislation this year allowing direct sales to Connecticut consumers. To further limit the impact of the legislation, Tesla said it would agree to language restricting direct sales to manufacturers with an established presence in...

  • *Netanyahu hits out against Iran in U.S. Congress, fuelling rise. NEW YORK, March 3- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran and rival Libyan forces targeted oil terminals in the African nation. Gains in Brent accelerated after Netanyahu told the U.S....

  • *Actavis launches $21 bln bond deal. *Exxon Mobil to sell $7 bln in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record according to Thomson Reuters unit IFR.

  • Lydall posts 4Q profit Tuesday, 3 Mar 2015 | 7:43 AM ET

    MANCHESTER, Conn. _ Lydall Inc. on Tuesday reported fourth-quarter profit of $5.7 million. The Manchester, Connecticut- based company said it had net income of 34 cents per share. Lydall shares have declined almost 1 percent since the beginning of the year.