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  • *Consumer spending falls 0.2 percent in January. WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. All the gas savings are ending up at the bank rather than being spent, "Thomas Costerg, an economist at Standard...

  • *Markit manufacturing hits 4- month high. NEW YORK, March 2- U.S. stocks advanced on Monday, with the Nasdaq nudging above the 5,000 mark for the first time in 15 years, as a round of mixed data pointed to a slowly accelerating economy. Fundamentals are good enough at technology companies, the biggest group on Nasdaq, that the index should be able to stay above 5000, said...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • *China rate cut lifts Asia equities, gold. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom...

  • Grain lowe, livestock higher Monday, 2 Mar 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.13 a bushel; May corn was 2.50 cents lower at $3.9075 a bushel; May oats were unchanged at $2.7825 a bushel; while May soybeans gained. 75 cents to $10.3250 a bushel. April live cattle was 1.85 cents higher at $1.5355 a pound; March...

  • Federal Signal posts 4Q profit Monday, 2 Mar 2015 | 9:15 AM ET

    OAK BROOK, Ill. _ Federal Signal Corp. on Monday reported fourth-quarter net income of $23.8 million. Federal Signal expects full-year earnings in the range of 95 cents to $1.02 per share. Federal Signal shares have climbed almost 7 percent since the beginning of the year.

  • NEW YORK— Shares of Lumber Liquidators are sliding in Monday premarket trading following a report on "60 Minutes" that the company's laminate flooring made in China may not meet California's health and safety standards. The "60 Minutes" report, which aired on CBS on Sunday, said that Lumber Liquidators' laminate flooring made in China contains high levels of...

  • Pctel posts 4Q profit Monday, 2 Mar 2015 | 7:51 AM ET

    BLOOMINGDALE, Ill. _ Pctel Inc. on Monday reported fourth-quarter net income of $2 million. On a per-share basis, the Bloomingdale, Illinois- based company said it had profit of 11 cents. Pctel shares have fallen 6.5 percent since the beginning of the year.

  • NEW YORK— Veronica Roth fans can start the countdown. The "Divergent" author is set to write a new two-book series, HarperCollins Children's Books told The Associated Press on Monday. "Divergent," a Dystopian trilogy Roth completed in 2013, has sold more than 30 million copies and along with Suzanne Collins' "The Hunger Games" and John Green's books helped perpetuate...

  • 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...

  • CHICAGO— U.S. parents have increasingly pressured doctors to delay vaccines for young children, making their kids and others vulnerable to preventable diseases, a study suggests. The researchers surveyed 534 doctors by email or regular mail in 2012. Participants were doctors who are members of the American Academy of Pediatrics and the American Academy of...

  • 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...