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US Consumer Credit Posts Biggest Jump in 6 Months

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  • Heeere's Jimmy! Fallon to Succeed Leno on 'Tonight' Wednesday, 3 Apr 2013 | 1:46 PM ET
    Jimmy Fallon appears on "The Tonight Show" with Jay Leno.

    It's official. After 22 years, Jay Leno will be leaving NBC's "Tonight Show" next spring, to be replaced by Jimmy Fallon.

  • Valeant Pharma boosts offer for Obagi to $418M Wednesday, 3 Apr 2013 | 10:25 AM ET

    LONG BEACH, Calif.-- Obagi Medical Products Inc. said Wednesday that Canadian drugmaker Valeant Pharmaceuticals boosted its offer to buy the dermatology products maker, topping a bid made a day ago by a German rival.

  • UTi posts 4th-quarter loss and shares sink Thursday, 28 Mar 2013 | 2:31 PM ET

    LONG BEACH, Calif.-- UTi Worldwide Inc. on Thursday posted a loss for its fiscal fourth quarter, citing touch economic conditions and weakness in the air freight market. UTi reported a net loss of $142.8 million, or $1.38 per share, for the period that ended Jan. 31. That compares with profit of $12.4 million, or 12 cents per share, in the fourth quarter of the prior year.

  • That cruel reality confronts the four large emerging stock markets known as the BRICs: Brazil, Russia, India and China.

  • Michael Melton, who had been with Morgan Stanley and its predecessor wealth management firms for roughly a decade, joined RBC's San Diego office last week as a branch director.

  • COLUMN-Do bond buyers really need a Groupon of their own? Thursday, 21 Mar 2013 | 11:45 AM ET

    LONG BEACH, Calif., March 21- Necessity may be the mother of invention, but Internet businesses often seem to get the idea backwards. The firm is positioning itself as a Groupon for bonds.

  • Going abroad for higher dividend yields Wednesday, 13 Mar 2013 | 6:23 PM ET

    LONG BEACH, Calif., March 13- Foreign stocks are coveted for the superior growth and value they can offer. Investors have turned to them lately for higher income, too. The recent outperformance of U.S. stocks helps to account both for their comparatively meager yields and expensive valuations, said Alex Robins, an international equity manager at J.P.

  • Waiting for Recovery: US Public Schools Shed Jobs Wednesday, 13 Mar 2013 | 1:40 PM ET
    Robert F. Kennedy Community Schools, Los Angeles

    While the private sector roars back, public sector hiring in areas such as education continues to feel the after-effects of the 2008 recession.

  • NEW YORK, March 8- Boeing Co said on Friday it is consolidating its North American flight and maintenance training operations in Miami, a shift that will move all flight simulators for the 787 Dreamliner and other aircraft out of the Seattle area.

  • NEW YORK, March 8- Boeing Co said on Friday it is consolidating its North American flight and maintenance training operations in Miami, a shift that will move all flight simulators for the 787 Dreamliner and other aircraft out of the Seattle area.

  • LONDON, March 6- Unless prices for natural gas and crude start to converge soon in the United States, the overwhelming incentive to switch to dual fuel engines which use a mix of diesel and natural gas will be overwhelming. It will oust oil-based fuels from a huge range of applications, ranging from trains, ships and trucks to industrial engines.

  • The outlook for cheaper gas in the wake of the shale gas boom in North America as well as toughening environmental regulation in Europe have driven up investment in gas as a transport fuel.

  • Global Fight Against Tuberculosis  Friday, 22 Feb 2013 | 1:22 PM ET

    Turberculosis is making a global comeback, including in the United States. Dr. William Schaffner of Vanderbilt University School of Medicine, discusses the concern surrounding the disease.

  • Economy grew fastest in Texas cities in 2011 Friday, 22 Feb 2013 | 12:16 AM ET

    WASHINGTON, Feb 22- Metropolitan areas in Texas saw the fastest economic growth as the recovery took hold in 2011, but the New York City region still had the largest gross domestic product in the United States, according to federal data released on Friday.

  • COLUMN-Sinking City's lessons for fracking: Kemp Wednesday, 20 Feb 2013 | 11:11 AM ET

    LONDON, Feb 20- Few places on earth bear the scars of oil production like Long Beach, California. Parts of the city have sunk by as much as 29 feet from their original level because of subsidence caused by extraction of billions of barrels of oil from the giant Wilmington field lying directly beneath the city's streets and the adjoining harbour.

  • America's Most Expensive Rentals 2013 Thursday, 17 Jan 2013 | 3:49 PM ET

    From Beverly Hills mansion to beach house to penthouse, these are the most expensive rentals on the market.

  • Billionaire Philanthropist Eli Broad Talks Art  Tuesday, 8 Jan 2013 | 1:45 PM ET

    Renowned business leader Eli Broad of Sun America and K.B. Home discusses his new museum known as "The Broad" in Los Angeles.

  • SINGAPORE, Jan 2- London copper rose more than 2 percent on Wednesday, headed for its biggest daily rise since mid-November, as the U.S. Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper consumer also boosted prices.

  • *Coast Guard prepares for potential waterfront labor unrest. SEATTLE, Dec 24- Dockworkers at four ports in the U.S. The International Longshore and Warehouse Union has said the shippers have hired a Delaware- based company that specializes in providing security and replacement workers in labor disputes.

  • *Coast Guard prepares to enforce buffer zones at two ports. SEATTLE, PORTLAND, Ore., Dec 21- Nearly 3,000 union dock workers at four Pacific Northwest ports began voting on Friday on a "final" contract offer presented by grain shippers, setting the stage for a possible labor clash should workers reject the proposal, as urged by union leaders.