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  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • PALO ALTO, May 21- Minutes of the Federal Reserve's regular meetings have become so detailed and such a central focus for investors and the news media that the quality of policy debates may be suffering as a result, a top Fed official said on Thursday. The Fed publishes minutes of its policy-setting meetings three weeks after the fact. John Williams, president of...

  • Amazon adds one-hour store delivery in New York City Thursday, 21 May 2015 | 9:30 AM ET

    NEW YORK— Amazon will begin offering one-hour delivery from local stores in New York City as competition in the delivery arena increases. The service, offered in the city's Manhattan borough, is part of Amazon's Prime Now delivery service and will initially include grocery chains D'Agostino and Gourmet Garage and bakery Billy's Bakery, with Italian food...

  • Chico's FAS CEO retiring Thursday, 21 May 2015 | 8:29 AM ET

    NEW YORK— The CEO of the women's clothing retailer Chico's is retiring at the end of the company's fiscal year. David Dyer will remain on the board of directors in the newly-created role of vice chairman through his current term, which ends at annual meeting in June 2016. Dyer took over at Chico's FAS Inc. in 2009. The company has formed a committee to find Dyer's...

  • Stein Mart posts 1Q profit Thursday, 21 May 2015 | 7:39 AM ET

    JACKSONVILLE, Fla. _ Stein Mart Inc. on Thursday reported fiscal first-quarter profit of $13.6 million. Stein Mart shares have decreased 21 percent since the beginning of the year. Keywords: Stein Mart, Earnings Report.

  • ATLANTIC CITY, N.J.— The crucial summer season will start with three Atlantic City casinos in bankruptcy and one beset by regular pickets and protests. Union members picketed Thursday evening outside the Trump Taj Mahal, in their seventh protest against the casino or soon-to-be-owner Carl Icahn over health insurance and pension benefits canceled by a...

  • Renters appear more satisfied in many pricey US cities Thursday, 21 May 2015 | 12:02 AM ET

    WASHINGTON— High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit. The finding comes from a survey released Thursday by Apartment List, a San Francisco- based...

  • WASHINGTON, May 21- A surge in bank repossessions of properties last month pushed overall foreclosure activity across the United States to an 18- month high, according to a report by industry firm RealtyTrac released on Thursday. "In this particular market, an influx of distressed inventory could actually help stimulate sales during the spring and summer...

  • BEDFORD, N.H., May 20- Republican Jeb Bush said on Wednesday that the Earth's climate is changing but that scientific research does not clearly show how much of the change is due to humans and how much is from natural causes. Bush delved into climate politics during a campaign-style house party in New Hampshire at which he took questions from voters on his...

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...

  • Ex-Madoff employee turned cooperator gets home detention Wednesday, 20 May 2015 | 2:30 PM ET

    NEW YORK, May 20- A former employee of Bernard Madoff was sentenced to nine months of home detention but no prison time on Wednesday for falsifying documents and other crimes, in light of his extensive cooperation with U.S. authorities investigating Madoff's multibillion-dollar Ponzi scheme. Eric Lipkin was sentenced by U.S. District Judge Laura Taylor Swain...

  • MIAMI, May 20- Stonegate, a small Florida bank, has opened an account for the Cuban government, according to a source familiar with the state's banking industry, removing an obstacle in the way of Washington and Havana restoring diplomatic ties after more than 50 years. President Barack Obama said he was seeking to improve diplomatic and commercial relations...

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Paul commandeers Senate to protest Patriot Act Wednesday, 20 May 2015 | 1:42 PM ET

    WASHINGTON— Republican presidential candidate Rand Paul commandeered the Senate floor Wednesday to deliver an hours-long protest against renewal of the Patriot Act, calling the post- Sept. 11 law government intrusion on Americans' privacy. "There comes a time in the history of nations when fear and complacency allow power to accumulate and liberty and...

  • Got a baby? Need some gear? Tips from the NY Baby Show Wednesday, 20 May 2015 | 9:08 AM ET

    NEW YORK— How new or expectant parents navigate the megaworld of baby gear and its precursor, the megaworld of pregnancy gear, is an individual quest. Outfitting a nursery for the first time can be overwhelming, but separating need and want is simple, said Vanessa Antonelli, a nursery designer and baby gear expert. "You can fold it away, take it on the go with you when you...

  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • European cable and mobile phone operator Altice, controlled by founder Patrick Drahi, is fixing its sights on the U.S. market starting with a $9.1 billion deal for St. Louis- based Suddenlink. Such companies say their costs, per subscriber, are higher than those of cable giants such as Comcast. Comcast's own $45 billion quest for No. 2 rival Time Warner Cable was...

  • Community banks whose customers include small businesses are at a disadvantage because of regulations under the Dodd-Frank Act implemented following the 2008 banking crisis, says Jim Angleton, owner of Aegis FinServ, a Miami- based financial services company. The number of small banks in the U.S. dropped 14 percent after Dodd-Frank was enacted in 2010,...

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Heico tops 2Q profit forecasts Tuesday, 19 May 2015 | 5:12 PM ET

    HOLLYWOOD, Fla. _ Heico Corp. on Tuesday reported fiscal second-quarter net income of $33.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Heico shares have fallen nearly 4 percent since the beginning of the year.