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  • LONDON, April 1- More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday. The volume of crude shipped by rail has increased more than 50- fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy...

  • NEW YORK, March 31- Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds Airlines Inc sought to have them pay a $54.9 million judgment it could not collect. District Judge John Keenan in Manhattan said TradeWinds and its former parent Coreolis Holdings...

  • Judge approves RadioShack sale to Standard General Tuesday, 31 Mar 2015 | 3:51 PM ET

    DOVER, Del.— A bankruptcy judge has approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S. wireless carrier, to operate dedicated "store within a store" shops in most of the locations acquired by acquired by General Wireless, a newly formed...

  • ATLANTIC CITY, N.J.— Morgan Stanley has cut its estimate of the potential U.S. It took in $135 million last year; Morgan Stanley initially forecast $678 million. Morgan Stanley forecasts the 2017 online market will be $410 million, down from an initial estimate of $1.3 billion.

  • A look at top car, truck speed limits across the US Tuesday, 31 Mar 2015 | 10:59 AM ET

    Nearly all truck tires have been built for a maximum sustained speed of 75 mph since the middle of last decade, when drivers across the vast majority of the U.S. were allowed to go no faster than 65 or 70 mph. But 14 states, mainly west of the Mississippi River, now have speed limits of 75, 80, even 85 mph in part of Texas. Here is a look at the top speed limits for cars in...

  • NEW YORK— RadioShack creditor Salus says it won't improve its bid as it fights with another buyer for the electronics chain, hedge fund Standard General. Salus had failed to win an auction for the assets of the Fort Worth, Texas- based electronics retailer, which filed for bankruptcy in February. RadioShack instead chose a $160 million bid from hedge fund Standard...

  • NEW YORK, March 30- Fidelity Investments, a major investor in DuPont, has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter. Fidelity, whose 2.5 percent stake makes it DuPont's sixth largest shareholder, has not publicly...

  • WILMINGTON, Del.— A lender who failed to win an auction this week for RadioShack's assets is planning to submit a new bid as a bankruptcy court hearing on the fate of the electronics retailer drags on. An attorney for Salus Capital Partners, one of RadioShack's largest creditors, said Friday that it will present a new bid when the hearing resumes Monday and is...

  • WILMINGTON, Del, March 27- A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week. RadioShack's advisers declared that Standard General had outbid Salus, RadioShack's largest creditor, at a four-day...

  • DETROIT, March 27- Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Earlier this month, Fiat Chrysler Automobiles said its CEO, Sergio Marchionne, received 31.3 million euros. General Motors Co has...

  • Mulally earned $22 million in final year as Ford CEO Friday, 27 Mar 2015 | 9:22 AM ET

    DEARBORN, Mich.— Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants. The company also announced that its annual meeting will be held May 14 in Wilmington, Delaware. As a result, he earned $1 million in salary compared with $2...

  • WILMINGTON, Del., March 26- A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. While RadioShack's attorney told the court the deal saved...

  • March 26- Personal information gathered by RadioShack Corp from shoppers is not included in its sale, the consumer privacy ombudsman in the electronics retailer's bankruptcy case said in response to concerns shared by several states that the data could be sold. Her letter came as Oregon and Pennsylvania on Wednesday joined Texas and Tennessee in objecting...

  • Bankruptcy hearing could decide fate of RadioShack Thursday, 26 Mar 2015 | 3:07 PM ET

    RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....

  • WILMINGTON, Del., March 26- RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. An attorney for Salus Capital Partners, which is owed $150 million and is RadioShack's...

  • WASHINGTON— Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. The Consumer Financial Protection Bureau proposed rules Thursday to protect Americans from stumbling into what it calls a "debt trap." "The idea is pretty common sense: If you lend out money, you should first make sure that the borrower can afford to pay it back,"...

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • NEW YORK, March 25- Patent holding company Intellectual Ventures' second crack at holding Motorola Mobility liable for using its technology without permission partially succeeded on Wednesday after a U.S. jury in Delaware found Motorola infringed a patent on multimedia text messaging. Another trial between the two, involving a single Intellectual...

  • UPDATE 1-RadioShack auction headed for courtroom showdown Wednesday, 25 Mar 2015 | 5:34 PM ET

    March 25- An auction for RadioShack Corp failed to resolve whether the electronics retailer will remain in business as bidders attacked each in court filings, setting up a showdown before a judge on Thursday. By early Wednesday, however, one of RadioShack's lenders, Salus Capital Partners, asked the U.S. Bankruptcy Court judge overseeing the case to intervene.

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...