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OWENSBORO, Kentucky, July 17- St. Louis Federal Reserve President James Bullard said on Thursday he worries about low bond yields and whether a bond bubble is forming. "Bond yields are extraordinarily low," Bullard told a business group in Owensboro, Kentucky, when asked whether the bond market was overbought and a bubble was forming.
OWENSBORO, Kentucky, July 17- St. Louis Federal Reserve President James Bullard said on Thursday that U.S. inflation appeared to be on the rise again after being surprisingly low for much of the past year.
OWENSBORO, Kentucky, July 17- The labor participation rate is expected to fall and the government should not expect an influx of workers, a Federal Reserve official said on Thursday, raising a point that goes against the view of Fed Chair Janet Yellen.
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
The fate of the spending bill and the amendments will likely depend on negotiations between the House, Senate and White House. "It is time for Congress to step in and stop the D.C. government's harassment and punishment of law-abiding citizens who simply want to defend themselves," Massie said in a statement.
July 16- Yum Brands Inc on Wednesday said its KFC business bounced back in China, its No. 1 market, but its stock fell more than 2 percent in extended-hours trading on disappointing quarterly results from its India, Taco Bell and Pizza Hut divisions.
LOUISVILLE, Ky.— Yum Brands Inc. reported a 19 percent increase in second-quarter profits, boosted by rebounding business at KFC in China where worries about food safety have eased. The Louisville, Kentucky- based company, which also operates Taco Bell and Pizza Hut, said late Wednesday that sales at established locations in China surged 15 percent.
July 16- KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent as it recovers from an avian flu outbreak and a food safety scare that slashed demand for chicken last year.
WASHINGTON— The GOP- controlled House passed a $20 billion measure Wednesday that would slash budgets for enforcing tax laws and new financial regulations, and a healthy food initiative that's a pet cause of first lady Michelle Obama.
NEW YORK— New Jersey Gov. Chris Christie insisted Wednesday that he hasn't decided whether he's running for president. Rand Paul and Texas Gov.
FRANKFORT, Ky.— Kentucky is getting more than $6 million from the federal government to help people who have been out of work for a long time. Steve Beshear's office says the Job-Driven National Emergency Grant from the U.S. Labor Department will be used to create and expand job-driven training programs for laid-off workers.
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.
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.
WASHINGTON— The Senate approved two nominees for the Federal Energy Regulatory Commission on Tuesday under an unusual political deal in which a FERC staff member will eventually be promoted to lead the commission.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
The House approved the cuts by voice vote after little debate Monday night as it took up a $21 billion spending bill that sets the IRS budget.
LOUISVILLE, Ky.— Kindred Healthcare is offering more cash for shares of Gentiva Health Services Inc., but it now aims to acquire just a slice of the home health and hospice care provider instead of the whole company.
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.
WASHINGTON, July 13- This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years.
A deal between Reynolds American Inc. and Lorillard Inc. would create a formidable No. 2 to rival Altria Group Inc., owner of Philip Morris USA. The merger would be "very positive for the global tobacco industry and could be just the beginning of future transactions," Wells Fargo Securities analyst Bonnie Herzog wrote in an investor note.