A Washington D.C. judge declined to grant an injunction sought by a group of individuals and small businesses who claim Obamacare subsidies are unlawful.» Read More
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.
*Major powers, Iran to resume nuclear talks this week. Investors also awaited news from a meeting beginning on Wednesday between Iran and world powers over ending its nuclear program that may provide insight on whether sanctions against Iran would be lifted and, if so, when.
Midwest and Ontario in Canada were without power Monday morning following severe thunderstorms Sunday night, according to local power companies. Other hard-hit states include Illinois, Indiana, Ohio, Missouri, West Virginia, Pennsylvania and New York. There were also about 88,000 outages in Ontario.
Michigan was the hardest-hit state with more than 540,000 customers out. DTE Energy Co, the biggest power company in the state, said it has about 275,000 customers out and expects it to take several days to restore service to all homes and businesses. Other hard-hit states include Illinois, Indiana, Ohio, Missouri, West Virginia and Pennsylvania.
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.
The head of the National Urban League outlines a plan to close the economic divide that's crippling U.S. cities.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
*Subaru exec says Toyota decision a surprise-reports. DETROIT/ TOKYO, Nov 15- Fuji Heavy Industries, the makers of Subaru cars, said on Friday it would stop assembling Toyota Motor Corp's Camry at its Indiana plant and use the spare capacity to build its own cars.
NEW YORK, Nov 14- An expert witness testified on Thursday that Bank of America Corp's proposed $8.5 billion settlement with mortgage bond investors is "not reasonable" and rife with conflicts of interest, as opponents made a final push to derail the deal.
NEW YORK, Nov 14- An expert witness testified on Thursday that Bank of America Corp's proposed $8.5 billion settlement with mortgage bond investors is rife with conflicts of interest, as opponents made a final push to derail the deal.
Nov 14- Eli Lilly and Co said it will invest more than $700 million to boost its insulin manufacturing capacity in Puerto Rico, France, China and the United States. The company's traditional stronghold has been its diabetes treatments, but the sales of its drugs have been suffering due to increasing competition from companies including Denmark's Novo Nordisk.
Nov 12- Global Aviation Holdings Inc may not be a household name, but it should be familiar to bankruptcy lawyers. Global Aviation or previous incarnations filed bankruptcies in 2004 and 2006 in the Southern District of Indiana and last year in the Eastern District of New York.
Gary's underused Genesis Convention Center, for example, cost the city $3.6 million in repairs and operations in the past year alone.
Nov 7 (Reuters)- James River Coal Co idled four more mines in Central Appalachia and temporarily laid off about 200 employees as the company looks to shore up its precarious cash position amid weak coal prices. "The balance sheet continues to be the critical issue to watch for James River Coal," Simmons& Co analyst Bill Herbert said in a note.
Nov 7- James River Coal Co said it idled four mines in eastern Kentucky in Central Appalachia and temporarily laid off about 200 employees as coal prices fall further. James River Coal shares were down about 0.5 percent in trading before the bell, after the coal miner reported a slide in shipments and a bigger loss for the third quarter.
Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.
Piper Jaffray& Co, the bank that arranged the sale of the $41.8 million of bonds in 2008 and one of the largest underwriters in the $3.7 trillion municipal bond market, was also fined $300,000, the SEC said. The developer, its former president and the top banker on the deal were also fined, and a district staff member was rebuked, the SEC said.
Agribusiness giant Cargill Inc on Monday said it restarted a plant in Fort Dodge, Iowa, that the company purchased in 2011 from corn processor Tate& Lyle. The announcement came as Noble Group Ltd said it will soon restart an Indiana ethanol plant that was shut for a year while another facility that was idled for five years in Ohio came back online last month.