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  • GOP blocks tax hike on firms moving overseas Wednesday, 30 Jul 2014 | 11:20 AM ET

    The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation.

  • Freezer company creating jobs in Kentucky Wednesday, 30 Jul 2014 | 4:01 AM ET

    ELKTON, Ky.— A manufacturer of custom coolers and freezers has expanded to Todd County in southern Kentucky. Steve Beshear's office says Custom Cooler Inc. is creating 75 jobs and investing nearly $5.8 million in the manufacturing facility.

  • WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.

  • Soldiers get $92M in debt relief under settlement Tuesday, 29 Jul 2014 | 10:33 AM ET

    Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.

  • Arch Coal, like other U.S. miners, is struggling with dismally low coal prices and has been trying to cut costs and lower production of low-margin metallurgical, or steel-making, coal. Last week, Arch Coal said it would idle its Cumberland River coal complex in Kentucky and Virginia, lowering its full-year metallurgical coal volumes by about 200,000 tons.

  • Arch Coal posts bigger 2Q loss Tuesday, 29 Jul 2014 | 9:30 AM ET

    ST. LOUIS— Arch Coal Inc. said Tuesday that its second-quarter loss widened partly because of nagging rail disruptions and weaker prices for coal used in making steel, though cost controls helped the coal producer's latest earnings surpass analysts' expectations.

  • Senate confirms McDonald as VA secretary Tuesday, 29 Jul 2014 | 3:23 AM ET

    WASHINGTON— The Senate on Tuesday unanimously confirmed former Procter& Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans' waits for health care and VA workers falsifying records to cover up delays.

  • Highway, bridge money at risk: Senate to vote Tuesday, 29 Jul 2014 | 3:19 AM ET

    WASHINGTON— Racing to adjourn for the summer, the Senate scheduled major votes Tuesday on proposals to keep federal highway funds flowing across the nation— billions of dollars to avert layoffs for construction workers and shutdowns of road and bridge projects just before the November elections.

  • Clean-air rules assailed as too much, too little Tuesday, 29 Jul 2014 | 2:15 AM ET

    The agency is holding hearings this week in Atlanta, Denver, Pittsburgh and Washington on President Barack Obama's plan to cut carbon-dioxide emissions by 30 percent by 2030, with 2005 levels as the starting point. John Kinkaid, a Moffat County, Colorado, commissioner, told the EPA in Denver that the rules would devastate his area, home to a major power plant.

  • Duke agrees to $1.2B deal with ElectriCities Monday, 28 Jul 2014 | 1:31 PM ET

    RALEIGH, N.C.— Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.

  • WASHINGTON, July 24- Jade and rubies from Myanmar will remain banned from the United States unless the Asian nation moves to end a provision in its constitution that bars opposition leader Aung San Suu Kyi from running for president, a senior U.S. senator said on Thursday.

  • Tempur Sealy posts larger 2Q loss; shares skid Thursday, 24 Jul 2014 | 5:42 PM ET

    NEW YORK— Tempur Sealy reported a larger second-quarter loss on Thursday, and the bedding maker's shares slumped after it adjusted its annual guidance. Tempur Sealy shares lost $2.37, or 3.9 percent, to $58.75 in after-market trading. Tempur Sealy reported a loss of $2.2 million, or 4 cents per share, after losing $1.6 million, or 3 cents per share, a year ago.

  • New processing center planned in Kentucky Thursday, 24 Jul 2014 | 9:56 AM ET

    FRANKFORT, Ky.— Data Dimensions Corp. plans to open a data processing center in Mount Sterling and create 100 new jobs in the eastern Kentucky town. Steve Beshear said Wednesday that Data Dimensions plans to invest $3.2 million in the project in Montgomery County.

  • How states fared on unemployment benefit claims Thursday, 24 Jul 2014 | 8:58 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.

  • Boss of company in China meat scandal apologizes Thursday, 24 Jul 2014 | 1:56 AM ET

    Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. I will not try to and defend it or explain it, "said Sheldon Lavin, chairman and chief executive of Aurora, Illinois- based OSI Group, which owns Husi Food.

  • Meat supplier in China scandal has global reach Wednesday, 23 Jul 2014 | 3:16 PM ET

    OSI Group, a privately-held company based in Aurora, Illinois, was thrust into the spotlight this weekend when a Chinese TV station reported that one of its Shanghai plants repackaged old beef and chicken and slapped new expiration dates on them.

  • $148 million metal research center set for Detroit Wednesday, 23 Jul 2014 | 12:54 PM ET

    The public-private partnership includes companies, the University of Michigan, Ohio State University and research institutions. The institute will contribute to economic development in Michigan, Ohio, Indiana, Tennessee and Kentucky over the next five years, according to officials.

  • Senate bill targets companies that move overseas Wednesday, 23 Jul 2014 | 11:36 AM ET

    WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.

  • Appeals court upholds convictions in oil scam Wednesday, 23 Jul 2014 | 11:20 AM ET

    The U.S. 6th Circuit Court of Appeals found no mistakes in the handling of the cases of 51- year-old former attorney Bryan Coffman and 60- year-old Tennessee businessman Gary Moss Milby. The episode showed Milby giving his daughter a private helicopter ride, a new BMW and a shopping spree.

  • EPA chief in hot seat as lawmakers dissect carbon rule Wednesday, 23 Jul 2014 | 7:00 AM ET

    The hearing takes place a week before the EPA holds a series of public meetings on its carbon plan in Denver, Pittsburgh, Washington and Atlanta. The group also telegraphed potential legal action, arguing the EPA had overstepped the bounds of the Clean Air Act to draft its complex rule.