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  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. The possible solutions are many, but none is easy or cheap. The nation's driving capital, Los Angeles, is making a multibillion-dollar investment in building or extending five rail lines.

  • June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected jump in quarterly profit as it sold more homes at higher prices across the United States, especially in the West and Southeast Florida markets. Homebuilders Meritage Homes Corp, KB Home, PulteGroup Inc, D.R. Horton Inc and many of the sector's other stocks were trading 1-3...

  • Board urged to adopt buffers between homes, oil drilling Wednesday, 24 Jun 2015 | 5:50 AM ET

    BILLINGS, Mont.— Farmers and environmentalists urged Montana regulators on Wednesday to establish buffer zones around homes to protect them from oil and gas drilling. North Dakota, Wyoming and Colorado require companies to keep drilling activities at least 500 feet from occupied dwellings. Montana has no such rule.

  • NEW YORK— A court on Tuesday temporarily blocked Sysco from buying US Foods, a deal opposed by regulators who say it would reduce competition between food supply companies. Sysco announced its plan to buy US Foods, which is based in Rosemont, Illinois, in December 2013 but the companies need the FTC's approval to close the deal. The agency noted Sysco and US Foods are...

  • U.S. industrial natural gas usage falls unexpectedly Friday, 19 Jun 2015 | 4:19 PM ET

    June 19- U.S. manufacturers have not soaked up as much excess shale gas in the first half of 2015 as expected, but the shortfall may be an anomaly as a Gulf Coast manufacturing boom is poised to insulate the sector from seasonal demand fluctuations. "The industrial sector has become more temperature-sensitive over the years, so it's not surprising industrial...

  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • NEW YORK, June 17- Magellan Midstream Partners LP, one of the ten largest U.S. oil pipeline companies, is considering opening an oil trading operation for the first time to enter a business that generates hundreds of millions of dollars a year for some of its rivals. Magellan may hire traders and acquire other assets related its existing pipeline and oil storage...

  • AUSTIN, Texas, June 17- Tropical Depression Bill drenched large parts of Texas on Wednesday, turning streets into lakes, raising flood worries and killing at least one person in the state where severe weather killed about 30 people last month. "This event is not over," Texas Governor Greg Abbott said at a news conference. Rainfall is expected to be 4 to 8 inches over...

  • UPDATE 1-Tropical Depression Bill batters Texas, kills one Wednesday, 17 Jun 2015 | 11:16 AM ET

    AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas but still brought heavy rains that flooded streets and left at least one person dead in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6...

  • AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas, bringing heavy rains that flooded streets and snarled transportation in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6 inches over...

  • HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference.

  • Tropical Storm Bill charges across Texas Wednesday, 17 Jun 2015 | 1:01 AM ET

    HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday but no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm...

  • NEW YORK, June 17- Magellan Midstream Partners LP, one of the ten largest U.S. oil pipeline companies, is considering opening an oil trading operation for the first time to enter a business that generates hundreds of millions of dollars a year for some of its rivals. Magellan may hire traders and acquire other assets related its existing pipeline and oil storage...

  • UPDATE 4-Tropical Storm Bill soaks Texas coast Tuesday, 16 Jun 2015 | 6:27 PM ET

    HOUSTON, June 16- Tropical Storm Bill hit the Texas coast with strong rains and high winds on Tuesday though no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm system,...

  • UPDATE 3-Tropical Storm Bill pelts Texas coast Tuesday, 16 Jun 2015 | 3:58 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Forecasters cautioned that tornadoes were possible across much of Texas. The watch area included Houston and central Texas, where floods over Memorial Day...

  • UPDATE 2-Tropical Storm Bill hits Texas coast Tuesday, 16 Jun 2015 | 1:49 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods over the Memorial Day weekend late last month swept over...

  • HOUSTON, June 16- Tropical Storm Bill hurtled toward the Texas coast from the Gulf of Mexico early on Tuesday with heavy rains and strong winds, the National Weather Service said, weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods last month swallowed thousands of...

  • Tropical Storm Bill bears down on Texas coast Tuesday, 16 Jun 2015 | 5:08 AM ET

    HOUSTON, June 16- Tropical Storm Bill hurtled toward the Texas coast from the Gulf of Mexico early on Tuesday with heavy rains and strong winds, the National Weather Service said, weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods last month swallowed thousands of...