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  • Senator: Decade-old Gulf oil leak is 'unacceptable' Friday, 17 Apr 2015 | 7:23 PM ET

    BATON ROUGE, La.— A U.S. senator from Florida is pressing federal officials to disclose technical data and other information about a decade-old oil leak in the Gulf of Mexico, after an investigation by The Associated Press revealed evidence that the spill is far worse than a company or government regulators have publicly reported. But the Coast Guard provided AP...

  • NEW YORK— Sprint's Boost Mobile business is offering prepaid calling cards for Miami customers who want to call Cuba. Cuba charges some of the world's highest rates for long-distance calling, and calls into Cuba are also among the world's most expensive. The two nations announced a prisoner exchange, and on Tuesday the White House said President Obama will...

  • ATLANTIC CITY, N.J.— A federal judge is prohibiting the new owner of Atlantic City's former Revel casino from connecting to equipment owned by a utility company at the center of a literal power struggle at the now-dark Boardwalk complex. U.S. District Court Judge Jerome Simandle issued a temporary restraining order Friday prohibiting Glenn Straub from...

  • CAPE CANAVERAL, Florida— The SpaceX supply ship arrived at the International Space Station on Friday morning, delivering the world's first espresso machine designed exclusively for astronauts. Italian astronaut Samantha Cristoforetti captured the Dragon capsule, which arrived three days after its Florida launch, with the help of a giant robot arm.

  • MIAMI, April 16- Boost Mobile, part of Sprint Corp, on Thursday launched a prepaid plan for U.S. consumers calling and texting Cuba, taking advantage of new, relaxed U.S. commercial regulations with the Communist-run island nation. The Obama administration's new Cuban policy regulations approved by the Treasury and Commerce departments have opened the door for...

  • Correction: Jailed For Overweight Rig story Thursday, 16 Apr 2015 | 4:44 PM ET

    CANONSBURG, Pa.— In a story April 14 about a Florida trucker jailed for violating a truck weight limit on a Pennsylvania road, The Associated Press misspelled the man's last name. CANONSBURG, Pa.— A Florida truck driver has been jailed for four days in Pennsylvania for not being able to pay a portion of the $17,000 fine he got for driving an overweight rig.

  • Nissan expands air bag recall after Louisiana injury Thursday, 16 Apr 2015 | 4:43 PM ET

    DETROIT— Nissan is adding 45,000 small cars to a previous recall after a Louisiana woman was injured by flying shrapnel from an exploding air bag. Nissan spokesman Steve Yaeger said the cars were added when Nissan found out about Wilson's injury while analyzing field data. In November, Nissan recalled more than 52,000 vehicles to fix potentially faulty...

  • Banco Latinoamericano posts 1Q profit Thursday, 16 Apr 2015 | 4:42 PM ET

    PANAMA CITY _ Banco Latinoamericano de Comercio Exterior SA on Thursday reported first-quarter profit of $28.8 million. The bank, based in Panama City, said it had earnings of 74 cents per share. The bank created in South and Central America to provide trade financing posted revenue of $39.2 million in the period.

  • West Palm Beach, Fla., April 16- Atlanta Federal Reserve Bank president Dennis Lockhart said on Thursday the recent "murky" run of U.S. data has him leaning against a June interest rate hike, but added he is confident the economy will remain on track. "I would lean to a little later versus a little earlier," said Lockhart, saying that a below-par March U.S. employment report...

  • WEST PALM BEACH, Fla., April 16- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday he does not think the U.S. central bank needs to wait until all aspects of labor market slack are absorbed before beginning to raise interest rates. "There are people who have dropped out. I would like to see that absorbed, "Lockhart said following a speech to a...

  • West Palm Beach, Fla., April 16- A "murky" run of first-quarter data highlighted by a weak March employment report and an oil-driven downturn in investment is masking the U.S. economy's underlying strength and complicating the Fed's interest rate plans, Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday. The Fed's decision on when to raise...

  • West Palm Beach, Fla., April 16- A "murky" run of first-quarter data highlighted by a weak March employment report and an oil-driven downturn in investment is masking the U.S. economy's underlying strength and complicating the Fed's interest rate plans, Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday. The Fed's decision on when to raise...

  • House passes bill to repeal estate tax Thursday, 16 Apr 2015 | 12:18 PM ET

    Kevin Brady, R- Texas, who sponsored the bill. The bill now goes to the Senate where Democrats appear to have enough votes to block it. The White House has threatened to veto the bill in part because it would add $269 billion to the budget deficit over the next decade.

  • WASHINGTON, April 16- Foreclosure activity in the United States rose sharply last month, on an increase in bank repossessions, according to a report by industry firm RealtyTrac. The increase pushed foreclosure activity up 4 percent from year-ago levels, the first annual rise since September 2010. "The March increase is continued cleanup of distress still...

  • C1 Financial misses 1Q profit forecasts Wednesday, 15 Apr 2015 | 4:48 PM ET

    ST. PETERSBURG, Fla. _ C1 Financial Inc. on Wednesday reported first-quarter profit of $3.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. C1 Financial shares have climbed slightly more than 2 percent since the beginning of the year.

  • MIAMI, April 15- A group of South Florida mayors are escalating their campaign against plans to expand a nuclear power plant near Miami that involves constructing 100- foot tall transmissions lines through some of the area's toniest neighborhoods. Florida Power& Light Co is seeking federal approval from the Nuclear Regulatory Commission to add nuclear...

  • ATLANTIC CITY, N.J.— Not even Plan B to provide power at Atlantic City's former Revel casino appears to be working. New owner Glenn Straub has been unable to reach a deal with the power plant that is the building's sole source of utility service, and the company cut the power days after he took over. But Wednesday, the New Jersey Department of Environmental Protection...

  • Fed survey finds US economy growing at moderate pace Wednesday, 15 Apr 2015 | 2:02 PM ET

    In its latest survey of business conditions around the country, the Fed said that eight of its 12 banking regions described the economy as growing at either a moderate or modest pace with two others— Atlanta and Kansas City— describing conditions as steady. The report said that a slowdown in the chemical industry had been reported by contacts in St. Louis and...

  • CHICAGO, April 15- Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp, and may continue to weigh on their profits. Chief Executive Officer Michael Ward told Reuters the reduced outlook reflected the impact of the strong dollar, low oil prices and the weak coal market.

  • The National Oceanic and Atmospheric Administration announced it is removing two stocks— the gag grouper of the Gulf of Mexico and the North Atlantic albacore— from its "overfished" list. The agency is also taking six stocks off of the "overfishing" list, including the Gulf of Maine haddock, the South Atlantic gag grouper, the western Atlantic Bluefin tuna, the snowy...