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  • May 15- Weeks after Wal-Mart Stores Inc was accused of shuttering a California store to stop workers from organizing, the company said it would seek permits to rip up floors and replace plumbing lines as part of significant repairs at five stores the retailer said justified their abrupt closure. Wal-Mart's move last month to temporarily close the stores...

  • WASHINGTON— A decade-old oil leak where an offshore platform toppled during a hurricane could continue spilling crude into the Gulf of Mexico for a century or more if left unchecked, according to government estimates obtained by The Associated Press that provide new details about the scope of the problem. "There is still more that can be done by Taylor to...

  • National Transportation Safety Board member Robert Sumwalt said an assistant conductor aboard the train told investigators that she heard Amtrak engineer Brandon Bostian talking over the radio with an engineer for a regional railroad just before the crash. The Southeastern Pennsylvania Transportation Authority does not yet know what caused the...

  • LOS ANGELES— Amid concerns about his health, media mogul Sumner Redstone said Thursday that he's not attending the annual meeting of CBS Corp. next week. He said in a statement that he had planned on attending the CBS meeting, but won't be able to travel to New York this year from his home in Los Angeles. After media reports on his succession plans and ill health,...

  • NEW YORK, May 14- The El Niño climate phenomenon is almost certain to last through the Northern Hemisphere summer, the U.S. weather forecaster said, raising the chance of heavy rain in the southern United States as well as South America, and scorching heat in Asia that could devastate crops of thirsty food staples like rice. "1/ 8 El Niño 3/ 8' s definitely upon us and it...

  • SAN JUAN, Puerto Rico— Francisco Oller Elementary School once bustled with kids, but now birds nest in classrooms strewn with leaves and glass from shattered fluorescent lights. The trend "speaks volumes about how we're losing population, about how we're not being efficient in building the island's future, about how we're losing opportunities to create...

  • A return Perry Ellis roots begins to pays off in 1Q Thursday, 14 May 2015 | 7:31 AM ET

    Net income climbed 21 percent to $9.4 million, or 62 cents per share, compared with $7.8 million, or 52 cents per share last year. Earnings, adjusted for one-time gains and costs, were 99 cents per share, easily beating the 63 cent forecast from analysts that follow the company, according to a poll by Zacks Investment Research. The company said it now expects full-year...

  • Xenia Hotels & Resorts reports 1Q results Thursday, 14 May 2015 | 7:21 AM ET

    ORLANDO, Fla. _ Xenia Hotels& Resorts Inc. on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $50.8 million, or 45 cents per share, in the period. The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $227.9...

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • Amtrak to operate system that might have prevented crash Thursday, 14 May 2015 | 12:41 AM ET

    WASHINGTON— The deadly Amtrak derailment near Philadelphia appears to be yet another accident that didn't have to happen. On Thursday, Amtrak President Joseph Boardman said the nation's passenger railroad will begin operating the technology, called positive train control, throughout its busy Northeast Corridor by the end of the year.

  • The Republican-controlled House of Representatives Appropriations Committee rejected a Democratic bid to provide Amtrak the full $2.45 billion in funds for the upcoming fiscal year requested in President Barack Obama's budget. The cause of Tuesday's crash has only begun to be investigated, but federal investigators said preliminary data showed the...

  • NEW YORK, May 13- A downgrade of Chicago's debt rating to junk created confusion in the $3.7 trillion U.S. municipal bond market on Wednesday, with prices sliding in a volatile session and predictions that they still have further to fall. While Moody's Investors Service downgraded the city's $8.1 billion of general obligation debt to junk at Ba1, other big Wall...

  • Health Insurance Innovations posts 1Q profit Wednesday, 13 May 2015 | 5:06 PM ET

    TAMPA, Fla. _ Health Insurance Innovations Inc. on Wednesday reported first-quarter net income of $53,000. Health Insurance Innovations shares have risen 8 percent since the beginning of the year. Keywords: Health Insurance Innovations, Earnings Report.

  • WASHINGTON, May 13- Republican presidential candidate Marco Rubio on Wednesday urged the United States to respond aggressively when rivals such as China and Iran flex their muscles to threaten U.S. economic interests. Rubio, a U.S. senator from Florida, outlined a robust approach to world affairs at a time when China is attempting to assert greater control over...

  • CVS will pay $22M in investigation into Fla. pharmacies Wednesday, 13 May 2015 | 1:19 PM ET

    NEW YORK— CVS Health will pay $22 million to resolve an investigation of two pharmacies in central Florida targeted by federal regulators for the lax sale of powerful painkillers. It was part of a larger crackdown in Florida on illegal sales of drugs like oxycodone and hydrocodone. CVS said the settlement resolves all civil issues between it and the DEA in...

  • TIMELINE-Takata air bag recalls Wednesday, 13 May 2015 | 3:31 AM 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. April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Hackett Group beats Street 1Q forecasts Tuesday, 12 May 2015 | 6:21 PM ET

    MIAMI _ The Hackett Group Inc. on Tuesday reported first-quarter net income of $3 million, after reporting a loss in the same period a year earlier. For the current quarter ending in June, Hackett Group expects its per-share earnings to range from 16 cents to 18 cents. Hackett Group shares have increased 7.5 percent since the beginning of the year.

  • WASHINGTON, May 12- In unusual remarks for a moderate Republican who may run for president, New Jersey Governor Chris Christie said on Tuesday the Federal Reserve deserved part of the blame for a widening gulf between the rich and the poor. Though Christie has not formally launched a White House campaign, his remarks revealed the basis of his economic plan should...

  • NV5 posts 1Q profit Tuesday, 12 May 2015 | 4:33 PM ET

    HOLLYWOOD, Fla. _ NV5 Holdings Inc. on Tuesday reported first-quarter profit of $1.1 million. NV5 expects full-year earnings to be $1.05 to $1.15 per share, with revenue in the range of $127 million to $137 million. Keywords: NV5 Holdings, Earnings Report.

  • SANTA ANA, Calif.— A Florida man awaiting trial for allegedly strangling his ex-wife and tossing her overboard during a Mediterranean cruise tried to hire two inmates to kill another ex-wife, prosecutors in California said. Lonnie Kocontes planned to have his second wife killed after forcing her to sign a letter recanting her testimony in the murder case...