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  • But Republicans who control of both houses of Congress are in no mood to raise taxes on anyone and were quick to pan Obama's proposal. "This plan that we'll hear about tonight appears to be more about redistribution, with added complexity, and class warfare, directed at job-creating small businesses, than about tax reform," said Republican Senator Orrin Hatch, the...

  • WASHINGTON, Jan 20- President Barack Obama will challenge the Republican-led Congress to back his tax-raising ideas for helping middle-class Americans in a State of the Union speech on Tuesday that will set up a tough debate and may impact the 2016 campaign to replace him. Looking to burnish his legacy with two years left in office, Obama will appear before a...

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...

  • TORONTO, Jan 15- Bombardier Inc said Thursday it had suspended the development of its new Learjet 85 business aircraft, trimmed its forecasts for 2014 and cut 1,000 jobs in Mexico and the United States, sending its shares plummeting more than 20 percent. The Canadian plane and train maker said cash flow from aerospace operations would be about $800 million for...

  • INTERVIEW-Digital Ally considers push into action cameras Thursday, 15 Jan 2015 | 10:55 AM ET

    *Action camera could compete with GoPro, Polaroid products. Jan 15- Digital Ally Inc, a maker of wearable video cameras and other security products for police forces, is considering launching action cameras aimed at consumers this year, putting it into direct competition with GoPro Inc.. Chief Executive Stanton Ross said Digital Ally might have such a camera...

  • TORONTO, Jan 15- Bombardier Inc on Thursday cut its forecasts for 2014 and said it would slash 1,000 jobs in Mexico and the United States and suspend the development of its Learjet 85 business aircraft because of weak demand. The Canadian plane and train maker said cash flow from its aerospace operations would be about $800 million for 2014, below its previous...

  • TORONTO, Jan 15- Bombardier Inc said on Thursday that it had suspended its Learjet 85 aircraft program and was laying off about 1,000 employees due to weak demand for the business jet. Bombardier said the pause would result in a pretax charge of about $1.4 billion for the fourth quarter, mainly for the impairment of the Learjet 85 development costs.

  • BEIJING/ SINGAPORE, Jan 6- Chinese wheat buyers are likely to step up imports of higher quality grains to meet a domestic shortfall even though total overseas purchases are forecast to tumble this year due to bumper production at home, analysts and traders said. More demand for high-protein wheat could bolster prices for spring wheat traded on the Minneapolis...

  • TOKYO, Dec 12- Japan's SoftBank Corp will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signalling the company won't revive efforts to buy T-Mobile U.S. Inc.. The Japanese telecommunications company is now transferring "the bulk" of manpower out of its West Coast operations, including dispersing development engineers to...

  • Texas, North Dakota, Oklahoma, New Mexico and Colorado together account for almost 98 percent of the total rise in U.S. oil output since the beginning of 2008.. But Oklahoma, New Mexico and Colorado have collectively contributed almost an extra half million barrels per day compared with January 2008, according to the U.S. Energy Information Administration.

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...

  • Dec 8- Oil and gas producer ConocoPhillips said its capital budget for 2015 would drop 20 percent to $13.5 billion, amid a steep decline in global crude prices. ConocoPhillips said it would "defer significant investment" in the Montney and Duvernay fields in Canada, the Permian Basin in Texas and the Niobrara shale field, which extends over Colorado, Wyoming,...

  • CHICAGO, Dec 4- Thousands of U.S. fast-food workers and supporters marched in nearly 200 cities around the United States on Thursday including Chicago and Boston to advocate for a $15 minimum wage and other labor rights. About 200 demonstrators marched in downtown Chicago starting near the Rock' N' Roll McDonald's, the largest in the city, chanting "We can't...

  • CHICAGO, Dec 4- U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights in about 190 cities began around the United States. About 200 demonstrators marched in downtown Chicago starting near the Rock' N' Roll McDonald's, the largest in the...

  • CHICAGO, Dec 4- U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights planned in at least 160 cities began around the United States. About 200 demonstrators marched in downtown Chicago starting near the Rock' N' Roll McDonald's, the...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a long-term government spending bill next week, avoiding a government shutdown and pushing any budget fight over President Barack Obama's executive order on immigration into 2015.. At a closed meeting of House Republicans to plot strategy on how...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a spending bill that funds most of the federal government through Sept. 30, 2015, avoiding a shutdown fight over President Barack Obama's immigration action. Congress must pass a federal government spending bill by Dec. 11 to avoid a shutdown.

  • *Soybeans turn lower as soymeal drops below $400 a ton. CHICAGO, Nov 28- U.S. wheat futures climbed to their highest in nearly five months on Friday, supported by news that Russia, a major global wheat supplier, was tightening its grain export rules, traders said. Wheat opened lower but quickly rallied on concerns about supplies from Russia, which the U.S. Department of...

  • ENDERLIN, N.D., Nov 25- After her shift at the TraXside Cafe in the southeast North Dakota hamlet of Enderlin, all Karla Souer wants to do is go home. That's because, chances are, there's a Canadian Pacific Railway Ltd train blocking the tracks somewhere on her route. Desperate for a solution, Enderlin's city councilors last month banned train breaks longer than 10...

  • NEW YORK, Nov 20- The top federal prosecutor in Manhattan said on Thursday his office was taking a close look at payday lending as part of a broad crackdown on wrongdoing involving the handling of consumer debts. On Wednesday, a Manhattan federal judge sentenced the owner of New York debt settlement company Mission Settlement Agency, Michael Levitis, to nine...