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  • Los Angeles skyscraper to get observation deck Wednesday, 16 Jul 2014 | 2:11 PM ET

    The 72- story U.S. Bank Tower will see about $50 million worth of improvements, including an upgrade of the lobby, the Los Angeles Times reported Tuesday. The downtown tower's new owners hope to make the building a busy tourist attraction to rival New York's Empire State Building and Chicago's Willis Tower, both of which are more than 100 stories tall.

  • Latest Fed survey sees improved economy Wednesday, 16 Jul 2014 | 2:04 PM ET

    All 12 of the Fed's regions reported growth with five— New York, Chicago, Minneapolis, Dallas and San Francisco— characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.

  • NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.

  • Chinese woman in trade secrets case seeks release Wednesday, 16 Jul 2014 | 12:26 PM ET

    DES MOINES, Iowa— A woman from China awaiting trial in Iowa on charges she conspired to steal trade secrets from U.S. seed corn companies is asking the government to release her on bond so she can travel to California and to her homeland.

  • July 16- Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday as demand for its recently-recalled infant formulas began to recover and profit margins improved for other business segments.

  • Grain higher, livestock lower Wednesday, 16 Jul 2014 | 11:05 AM ET

    CHICAGO— Grain futures were higher Wednesday on the Chicago Board of Trade. Wheat for Sept delivery was. 25 cent higher at $5.38 a bushel; Sept corn was 4.25 cents higher at 3.7825 a bushel; Dec oats were 3.75 cents higher at $3.3475 a bushel; while Nov soybeans were 15.75 cents higher at $11.02 a bushel.

  • UPDATE 1-Abbott beats second-quarter profit estimate Wednesday, 16 Jul 2014 | 8:19 AM ET

    July 16- Abbott Laboratories Inc reported better-than-expected second-quarter earnings on Wednesday, helped by improved profit margins for its medical diagnostics and vascular products businesses. The company earned $466 million, or 30 cents per share, in the quarter.

  • *Corn rises on bargain buying after heavy losses. SINGAPORE/ HAMBURG, July 16- U.S. new-crop corn futures rose on Wednesday in a rebound after sharp falls including a fresh contract low hit a day earlier, but expectations of near-record crops in the United States limited gains.

  • Harper Lee says she didn't OK new book about her Wednesday, 16 Jul 2014 | 7:08 AM ET

    CHICAGO— The reclusive author of "To Kill a Mockingbird," one of the most acclaimed novels of the 20th century, says she never gave her approval to a new memoir that portrays itself as a rare, intimate look into the lives of the writer and her older sister in small-town Alabama.

  • Museum raises $80M toward Detroit bankruptcy deal Wednesday, 16 Jul 2014 | 4:02 AM ET

    DETROIT— The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy.

  • Senate derails Army bid to take Guard helicopters Wednesday, 16 Jul 2014 | 3:08 AM ET

    FORT RUCKER, Ala.— The Army has lost an initial Senate skirmish over a hotly disputed plan to take Apache attack helicopters away from National Guard units in a budget-cutting move that has infuriated governors and state military leaders.

  • Falafel to go: Mideast food chains expand abroad Wednesday, 16 Jul 2014 | 2:45 AM ET

    DUBAI, United Arab Emirates— The super-sized malls that dot Dubai and other Gulf Arab cities are stuffed with foreign restaurants, from Burger King and Subway to suburban sit-down staples like IHOP and Red Lobster. A United Arab Emirates- based chain called Just Falafel opened its first branches in the United States and Canada last month.

  • Senate Republicans block bill on contraception Wednesday, 16 Jul 2014 | 1:33 AM ET

    Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.

  • July 15- Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits.

  • NEW YORK, July 15- Investors in U.S.-based mutual funds pulled $8.3 billion out of funds that specialize in U.S. stocks in June on concerns that U.S. shares had little upside at record levels, Morningstar data showed on Tuesday.

  • CSX railroad's 2Q profit chugs ahead 2 percent Tuesday, 15 Jul 2014 | 5:01 PM ET

    OMAHA, Neb.— CSX Corp. said Tuesday its second-quarter profit chugged ahead 2 percent as the economy continued to improve, so the railroad is investing an additional $100 million in its network.

  • And it had signed on Starbucks Corp Chief Executive Officer Howard Schultz's Maveron venture capital firm as its biggest investor. For growth-hungry investors seeking to replicate the success of Chipotle Mexican Grill Inc and Starbucks, it's a cautionary tale.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • Less than a year after IPO, no fire in the Potbelly Tuesday, 15 Jul 2014 | 3:47 PM ET

    And it had signed on Starbucks Corp Chief Executive Officer Howard Schultz's Maveron venture capital firm as its biggest investor. For growth-hungry investors seeking to replicate the success of Chipotle Mexican Grill Inc and Starbucks, it's a cautionary tale.

  • For much of Tuesday, however, the database appeared to be down or unaccessible, which FCC spokeswoman Kim Hart attributed to an "overwhelming surge in traffic."