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  • Audit finds wide mismanagement at Philadelphia VA Wednesday, 15 Apr 2015 | 10:18 AM ET

    WASHINGTON— Unreasonable workloads and poor leadership at the Veterans Affairs facility in Philadelphia have led to mismanagement and delays in handling veterans' disability and pensions claims, according to a government audit released Wednesday. In a blistering 79- page report, the VA's inspector general cites a litany of problems, all part of a rush to...

  • Watsco tops Street 1Q forecasts Wednesday, 15 Apr 2015 | 7:36 AM ET

    MIAMI _ Watsco Inc. on Wednesday reported first-quarter profit of $23 million. Watsco expects full-year earnings to be $5 to $5.20 per share. Watsco shares have climbed 17 percent since the beginning of the year.

  • But after years of complaints and failed efforts, huge majorities of lawmakers from both parties banded together and Congress approved legislation permanently recasting how Medicare reimburses physicians. Though AARP tried unsuccessfully to change the bill to ease costs for some Medicare recipients, CEO Jo Ann Jenkins hailed its passage as "momentous"...

  • WASHINGTON— Legislation empowering Congress to reject an emerging Iran nuclear pact is expected to sail through both houses of Congress, leaving President Barack Obama with the tough task of selling the deal to skeptical lawmakers. Despite the resistance from the White House, lawmakers from both parties insisted that Congress have a formal role in...

  • WASHINGTON, April 14- U.S. House of Representatives Speaker John Boehner appointed five largely loyal Republican allies to a negotiating panel on Tuesday to work out differences between House- and Senate- passed budgets. The Republican negotiators are led by Budget Committee Chairman Tom Price and include panel vice chairman Todd Rokita of Indiana, Diane...

  • WASHINGTON— Legislation permanently overhauling how Medicare pays physicians won approval Tuesday from an atypically united Congress as lawmakers banded together to erase an irritant that has dogged them for years. Adding urgency to legislators' work, the measure headed off a 21 percent cut in doctors' Medicare fees that would have hit home Wednesday, when...

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398...

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, as a growing economy lifted freight volumes and allowed it to charge higher rates to customers. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398 million, or 40 cents a share,...

  • OMAHA, Neb.— CSX Corp.' s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the railroad announced plans Tuesday to repurchase $2 billion of stock. The Jacksonville, Florida- based railroad sounded considerably more optimistic than its biggest competitor in the Eastern United States. Norfolk Southern warned investors Monday that...

  • Obama to remove Cuba from state sponsor of terror list Tuesday, 14 Apr 2015 | 3:06 PM ET

    WASHINGTON— President Barack Obama will remove Cuba from the list of state sponsors of terrorism, the White House announced Tuesday, a key step in his bid to normalize relations between the two countries. In a message to Congress, Obama said the government of Cuba "has not provided any support for international terrorism" over the last six months.

  • 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. Francisco Amareles-Amareles, of Hialeah, was arrested Saturday after police saw him drive his 40- ton rig onto a narrow road with a 10- ton limit. Police believe he mistook Alpine Street in...

  • SANTIAGO DE CUBA, Cuba— Two and a half years after Hurricane Sandy trashed Cuba's second-largest city, 35- year-old Melba Martinez is still out of work and struggling to feed two children on her state ration book and a daily hustle for extra rice or cooking oil. "How are you going to buy a pair of shoes that cost $20? Down the hill in the pastel-tinted colonial center of...

  • Tablet for 2 waiting at an Olive Garden near you soon Tuesday, 14 Apr 2015 | 11:38 AM ET

    NEW YORK— Olive Garden has a tablet for two waiting for you. Olive Garden, owned by Florida's Darden Restaurants Inc., started using Ziosk tablets in some of its restaurants last year. "We've been focused on improving the dining experience at every touch point, and we're excited to give our guests the ability to customize their visit by leveraging the technology of...

  • Generator trucks arrive at powerless Revel casino site Tuesday, 14 Apr 2015 | 10:00 AM ET

    ATLANTIC CITY, N.J.— Three portable generator trucks arrived Tuesday at the site of Atlantic City's former Revel casino, which has been without utility service since last week. Florida developer Glenn Straub said two main generator trucks and a backup unit should be fully connected within two days. At 710 feet, Revel is the second-tallest building in New Jersey,...

  • This year's fight for the tech industry: Patent trolls Tuesday, 14 Apr 2015 | 4:05 AM ET

    WASHINGTON— The same week that Alex Haro and Chris Hulls raised $50 million for their mobile app, Life360, the business partners got a letter. Beyer insists the mobile app's $50 million in fundraising had nothing to do with it. Congress is expected to take up legislation this year that would make it tougher for people like Beyer to claim patent infringement, and put...

  • The top 20 U.S. metropolitan areas projected to see the biggest growth in average effective apartment rent this year. Effective rent is what a tenant pays after factoring in landlord concessions, such as a free month at move-in. Source: Marcus& Millichap Research Services, MPF Research.

  • *Presents himself as contrast to his mentor Jeb Bush. MIAMI, April 13- Republican Marco Rubio presented himself as the leader of a new political generation and the most viable alternative to Democrat Hillary Clinton as he entered the 2016 White House race on Monday and drew a contrast with his mentor and expected opponent Jeb Bush. Cheers of "Marco, Marco" rang out...

  • April 13- Honda Motor Co Ltd's American unit on Monday confirmed that a faulty airbag inflator made by Takata Corp ruptured in a March 20 crash of a car in Florida, injuring the driver. Takata airbags have been linked to at least six deaths so far, all involving Honda cars. Honda said on March 19 it would add more than 100,000 vehicles to a U.S. recall related to...

  • Senator Marco Rubio of Florida plans to enter the 2016 race for the White House by urging voters to make a "generational choice" for leadership that takes the country in new directions, according to excerpts of his announcement speech. Rubio, a son of Cuban immigrants who rode the anti-establishment Tea Party wave of 2010 to national prominence, will announce his...

  • What port issues? Ship to Florida, says Gov. Scott Monday, 13 Apr 2015 | 4:30 PM ET
    Florida Gov. Rick Scott

    In the wake of a dispute that gridlocked key California ports, Scott was in Los Angeles courting companies hurt by the impasse.