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  • AP Interview: McConnell wants to stop coal rules Wednesday, 17 Dec 2014 | 12:10 PM ET

    WASHINGTON— Incoming Senate Majority Leader Mitch McConnell, R- Ky., pledged on Wednesday to do all he can to stop President Barack Obama's coal plant regulations, saying a White House "crusade" has devastated his state's economy. McConnell takes over the Senate leadership and its new Republican majority in January. Asked if the Senate had any obligation to...

  • President Barack Obama was set to announce a shift in policy toward Cuba on Wednesday and the Associated Press reported the changes would include the opening of an embassy in Cuba and the start of talks to normalize relations. The shift in policy, which could be one of the biggest changes in decades of animosity between communist-ruled Cuba and the United...

  • US, Cuba patch torn relations in historic accord Wednesday, 17 Dec 2014 | 8:56 AM ET

    WASHINGTON— After a half-century of Cold War acrimony, the United States and Cuba moved on Wednesday to restore diplomatic relations— a historic shift that could revitalize the flow of money and people across the narrow waters that separate the two nations. President Barack Obama's dramatic announcement in Washington— seconded by Cuban President Raul...

  • Upgrades at US border crossing thrill commuters Wednesday, 17 Dec 2014 | 1:48 AM ET

    Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September. "I lost so much time that it made me cry," said Tijuana resident Alexandra Acua, driving a friend to the San Diego airport during a recent Monday morning rush. Shorter lines have fueled a 20 percent...

  • Dec 16- On Deck Capital Inc, an online small-business lender, said its initial public offering was priced at $20 per share, above the expected range of $16- $18. The New York- based company, which offers loans of up to $250,000, counts First Round Capital, Google Ventures, Institutional Venture Partners, Tiger Global Private Investment Partner and SAP Ventures among...

  • Temporary tax breaks _ which ones affect you? Tuesday, 16 Dec 2014 | 8:23 PM ET

    Congress gave final approval Tuesday to a bill extending more than 50 expired tax breaks through the end of 2014. They include:. —A tax credit for the production of wind, solar and other renewable energy. Nine states have no tax on wages: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

  • *Olive Garden 2nd- qtr same-store sales up 0.5 pct. Dec 16- Darden Restaurants Inc, whose entire board was replaced by activist investor Starboard Value LP, reported a 4.9 percent rise in quarterly sales and raised the lower end of its adjusted profit forecast for the full year. Darden said it now expects adjusted profit of $2.25- $2.30 per share from continuing...

  • Heico beats 4Q profit forecasts Tuesday, 16 Dec 2014 | 5:48 PM ET

    HOLLYWOOD, Fla. _ Heico Corp. on Tuesday reported fiscal fourth-quarter net income of $32.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Analysts expected $305.1 million, according to Zacks.

  • Energy shares rebound as bargain-hunters swoop in Tuesday, 16 Dec 2014 | 5:45 PM ET

    NEW YORK, Dec 16- The proverbial knife is falling. "With the stocks down so big, seems to be an intermediate opportunity in the group," said Doug Kass, president of Seabreeze Partners in Palm Beach, Florida. Between the beginning of the year and June 23, the sector had gained 13 percent on the back of a steady rise in oil prices and expectations for improved growth.

  • Obama withdraws Alaska's Bristol Bay from drilling Tuesday, 16 Dec 2014 | 5:40 PM ET

    The president said in a video announcement that Bristol Bay and nearby waters, covering an area roughly the size of Florida, would be withdrawn from consideration for petroleum leases. He called Bristol Bay one of the country's great natural resources and a massive economic engine. Bristol Bay has supported Native Americans in the Alaska region for centuries,...

  • Dec 16- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year. The company has suffered more than a year of traffic declines at Olive Garden, which accounts for more than half of Darden's overall revenue...

  • Darden Restaurants reports 2Q loss Tuesday, 16 Dec 2014 | 4:15 PM ET

    ORLANDO, Fla.— Darden Restaurants Inc. says sales improved at Olive Garden during the fiscal second quarter, helping the company beat market expectations for the period. Analysts surveyed by Zacks Investment Research were anticipating earnings of 27 cents per share. Revenue from its restaurants open at least a year increased 0.5 percent for Olive Garden,...

  • Dec 16- A former bond trader was sentenced to 2-1/ 2 years in prison Tuesday after admitting to manipulating prices of mortgage debt, causing a $9 million loss at a unit of Bank of New York Mellon Corp.. Prosecutors said Green entered fake CMO sales into the trading system of BNY Mellon's Pershing LLC clearing unit, which handled Crocker trades and related...

  • Where Christmas is most loved—and hated—in the US Tuesday, 16 Dec 2014 | 2:39 PM ET
    Atlanta Falcons cheerleaders during game in Atlanta.

    Every part of the U.S. loves Christmas, but one region loves it more than anywhere else.

  • NC group wants Duke Energy to slow plants building Tuesday, 16 Dec 2014 | 12:09 PM ET

    RALEIGH, N.C.— A North Carolina group advocating renewable energy said Tuesday it is pressing federal regulators to investigate whether Duke Energy should buy power from other Southeast electric companies and build fewer power plants that cost consumers. Duke Energy responded in a statement that NC WARN is complaining after the company built natural gas...

  • Jeb Bush plans to' actively explore' run for Republican presidential nomination.

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • Dec 15- Florida lender BankAtlantic Bancorp Inc and its chief executive defrauded investors in 2007, early in the U.S. financial crisis, a federal jury found on Monday. BBX Capital Corp, as BankAtlantic is known today, and Alan Levan, who remains as CEO, were found liable by a federal jury in Miami following a six-week trial in a lawsuit filed by the U.S. Securities and...

  • NEW YORK, Dec 15- U.S. Oil came back a bit and equities came back a bit, "said Mike Cullinane, head of Treasuries trading at D.A. Davidson in St. Petersburg, Florida.

  • 1 dead after crash involving Walt Disney World bus Monday, 15 Dec 2014 | 8:31 AM ET

    LAKE BUENA VISTA, Fla.— Florida state troopers say one person is dead after a crash involving two cars and a bus near a Walt Disney World resort. Kim Montes of the Florida Highway Patrol says a car ran a red light early Monday and drove into the path of a Disney bus carrying about 20 passengers. She was identified as a woman from nearby Windermere.