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  • The scopes were linked to the exposure of 179 patients to drug-resistant bacteria at UCLA's Ronald Reagan Medical Center in Los Angeles and may have contributed to two deaths. In early 2014, following a superbug outbreak at a hospital in Illinois, the FDA asked Fujifilm Holdings Corp, Olympus Corp and Pentax, which make the devices, to submit their test results...

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards, according to television news program "60 Minutes." CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida, Texas, Illinois and New...

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring containing levels of formaldehyde that were higher than those permitted under California's health and safety standards, according to television news program "60 Minutes". CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida,...

  • KIEV, Ukraine— War-torn Ukraine is a long way from Wood Dale, Illinois. "I don't see myself as a politician," she told The Associated Press at her office in the Ukrainian capital, Kiev. Corruption is endemic throughout Ukraine.

  • WASHINGTON, March 1- Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain- fractious Republicans and House Speaker John Boehner's lack of control over them. In five to seven months, the federal debt ceiling will again be reached, and by October Congress must pass...

  • Moody's downgrades Chicago's rating over pensions Saturday, 28 Feb 2015 | 10:41 AM ET

    CHICAGO— Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities. "Regardless of outcome of the legal challenges to pension reforms, we expect Chicago's unfunded pension liabilities— and the costs of servicing those liabilities— to continue to...

  • Homeland Security gets one-week funding lifeline Saturday, 28 Feb 2015 | 7:28 AM ET

    Republicans only narrowly manage to avert a partial shutdown of the Department of Homeland Security, the New York Times reports.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • CHICAGO, Feb 27- Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody's Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and raising the prospect of more broken swaps contracts. "This is an unfortunate wake-up call for anyone still asleep...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil on Friday after police began fining and arresting protesters who have slowed grain deliveries in the commodities powerhouse. But silos at Paranagua, Brazil's second-largest port for soy exports, now have enough soybeans to keep filling ships until March 3, rather than...

  • NEW YORK, Feb 27- The U.S. stock market has been quiet this week- too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. "Economic data will be the biggest driver of market moves over...

  • NEW YORK, Feb 27- U.S. stocks were little changed in early afternoon trading on Friday as mixed economic data was offset by some upbeat corporate earnings. Following the release of their results, shares of Monster Beverage jumped 13.4 percent to $140.67, while shares of Ross Stores gained 6.3 percent to $105.33. Midwest dropped to its lowest reading since July...

  • CHICAGO, Feb 27- Chicago's rating downgrade to Baa2 by Moody's Investors Service on Friday could terminate four interest-rate swap agreements, costing the city about $58 million, according to the credit rating agency. The swaps, which the city uses to hedge interest-rate risk on its variable-rate bonds, can be ended by bank counterparties if Chicago's credit...

  • SAN FRANCISCO— Thieves drove a car through a high-end electronics store in the latest crash-and-grab heist in the San Francisco Bay Area. San Francisco police say the crime occurred about 4 a.m. Friday at a store on California Street, causing $100,000 in damage to building. On Jan. 27, thieves smashed a stolen SUV through the front of a Wells Fargo museum in San...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Grain lower, livestock mostly higher Friday, 27 Feb 2015 | 10:55 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0050 a bushel; May corn was 1.75 cents lower at $3.8675 a bushel; May oats were unchanged at $2.7450 a bushel; while May soybeans lost. 75 cent to $10.2575 a bushel. April live cattle was 1.40 cents higher at $1.5120 a pound; March feeder cattle...

  • Correction: Sears-Results story Friday, 27 Feb 2015 | 10:49 AM ET

    NEW YORK— In a story Feb. 27 about Sears Holdings Corp., The Associated Press reported erroneously that Chief Financial Officer Rob Schriesheim said in a statement that the actions Sears took in 2014— such as store closures and inventory reduction— generated $2.3 billion in liquidity. Sears says the actions that generated that cash included: the spinoff of Lands'...

  • CHICAGO, Feb 27- Moody's Investors Service on Friday cut Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs related to its big unfunded pension liability. The downgrade to Baa2, which is just two notches above the junk level, affects $8.3 billion of Chicago's general obligation bonds. Moody's warned the rating could fall...

  • A.M. Castle reports 4Q loss Friday, 27 Feb 2015 | 9:51 AM ET

    OAK BROOK, Ill. _ A.M. Castle& Co. on Friday reported a loss of $39.1 million in its fourth quarter. The Oak Brook, Illinois- based company said it had a loss of $1.67 per share. A.M. Castle shares have dropped 37 percent since the beginning of the year.