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  • Factory growth fastest in 3 years in Philly region Thursday, 17 Jul 2014 | 10:25 AM ET

    WASHINGTON— Manufacturing in the Philadelphia region surged in July, expanding at its fastest pace in more than three years, as new orders, shipments, and hiring all rose. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity rose to 23.9 in July from 17.8 in June.

  • Obama pushes transportation money at closed bridge Thursday, 17 Jul 2014 | 3:12 AM ET

    WILMINGTON, Del.— President Barack Obama announced a new program Thursday to attract more private money to help pay to build new roads and bridges as he criticized Congress for refusing to approve a more lasting source of funding.

  • NEW YORK, July 13- Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

  • Newark, N.J. July 12- Actor and comedian Tracy Morgan was released from a rehabilitation center to finish his recovery at home from a New Jersey crash in June that left him critically injured and killed a fellow passenger, his spokesman said on Saturday.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • July 9- Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed in a Colorado federal court on Tuesday, said Ergen had engaged in fraud and violated a federal anti-racketeering law.

  • The insurers said the asbestos personal injury or PI trust set up during the 2008 bankruptcy of T H Agriculture& Nutrition LLC, a unit of Philips Electronics North America Corp, had been paying substantially more claims than originally forecast.

  • NEW YORK, July 3- U.S. benchmark Treasuries yields hit two-month highs on Thursday after June U.S. nonfarm payrolls growth beat expectations, while lingering uncertainty about U.S. growth and comments from European Central Bank president Mario Draghi capped the rise in yields. Nonfarm payrolls increased by 288,000 jobs, the Labor Department said on Thursday.

  • NEW YORK, July 3- U.S. benchmark Treasuries yields hit two-month highs on Thursday after June U.S. nonfarm payrolls growth beat expectations, while lingering uncertainty about U.S. growth and comments from European Central Bank president Mario Draghi capped the rise in yields. Nonfarm payrolls increased by 288,000 jobs, the Labor Department said on Thursday.

  • WASHINGTON, June 30- The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc Chief Executive Maurice "Hank" Greenberg, who accused the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.

  • June 29- Gardner Denver has agreed to pay $29 million to its former shareholders to settle allegations the industrial pumps producer was undervalued in its $3.7 billion sale last year to private equity firm KKR& Co, according to court documents.

  • NEW YORK, June 27- Wireless venture LightSquared has reached a deal to end its Chapter 11 bankruptcy, but its largest creditor, satellite operator Charles Ergen, is not on board and "wasted the parties' time," according to a report from the court-appointed mediator.

  • NEW YORK, June 27- Independent refiner PBF Holding Company LLC will terminate the crude oil supply agreement with Morgan Stanley Capital Group for its Toledo, Ohio, refinery, effective July 31, the company said in a filing with the Securities and Exchange Commission on Friday.

  • Ramp up role in Bitcoin, U.S. consumer agency told Friday, 27 Jun 2014 | 4:03 PM ET

    WASHINGTON, June 27- The U.S. Consumer Financial Protection Bureau should play a bigger role in shielding people against risks from virtual currencies such as Bitcoin, a government watchdog said on Friday. "Recent events suggest that consumer protection is an emerging risk," the report by the Government Accountability Office said.

  • June 27- Pershing Square Capital Management, led by activist investor William Ackman, and Allergan Inc have agreed that calling a special meeting in an effort to elect new board members will not trigger Allergan's so-called "poison pill" measure, settling a lawsuit, the companies said on Friday.

  • SEATTLE, June 25- Flight attendants at Virgin America are due to begin voting next month on whether to join a union, which would be the first at the California- based airline. Virgin America remains the last non-union airline among U.S. carriers after JetBlue pilots voted in April to organize.

  • Shipping company Nautilus files for U.S. bankruptcy Tuesday, 24 Jun 2014 | 11:22 AM ET

    June 24- Nautilus Holdings Ltd, a Bermuda- chartered company that leases container ships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry. The company has about $770 million in debt, according to papers filed late Monday with the U.S. Bankruptcy Court in Manhattan.

  • The deal was approved by U.S. Bankruptcy Court Judge Brendan Shannon in Wilmington three months after Brookstone filed for Chapter 11 bankruptcy protection when it saw sales fall as shoppers cut discretionary spending.

  • CAMDEN, N.J., June 20- Atlantic City's bankrupt Revel Casino Hotel has received court approval to borrow $23.9 million that it said would keep the 1,400- room resort operating for the coming month as it scrambles to find a buyer.