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  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • New chip credit cards putting squeeze on small businesses Wednesday, 17 Jun 2015 | 5:00 AM ET

    NEW YORK— New credit and debit cards with computer chips are putting the squeeze on small businesses. If businesses don't meet the deadline set by companies including MasterCard, Visa and American Express, they can be held liable for transactions made with phony chip cards. "This is one of the biggest nightmares merchants are going to face," says Michael Kleinman,...

  • BILLINGS, Mont.— A federal judge is pressing U.S. officials to explain why it's taken three decades to decide on a proposal to drill for natural gas just outside Glacier National Park in an area considered sacred by some Indian tribes in Montana and Canada. No way to run a government, "Leon told government attorney Ruth Ann Storey, according to a transcript of the June...

  • Congressional GOP plans to continue health law subsidies Wednesday, 17 Jun 2015 | 3:06 AM ET

    In addition, the GOP proposals would dissolve many of the basic requirements of President Barack Obama's health care law, including mandates that most people buy coverage and most companies provide it to their workers, Republicans said. Should the justices annul the subsidies, which are a crucial girder of the 2010 law, GOP leaders hope their plans would let...

  • DETROIT, June 15- Honda Motor Co Ltd on Monday said it will recall 1.39 million Accord and Civic model sedans with potentially faulty front passenger-side air bags made by Japan's Takata Corp.. This will bring to about 2.3 million the number of Honda cars with front passenger-side air bags made by Takata that have been recalled, the automaker said.

  • HOUSTON, June 15- A tropical disturbance packing heavy rains in the Gulf of Mexico was slated to drench the coast of Texas just weeks after floods killed about 30 people in the state, the National Weather Service said. Flash flood watches were in effect for central Texas and in the Houston area, regions where flooding last month turned streets into rivers,...

  • HOUSTON, June 14- Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system given an 80 percent chance of becoming a tropical cyclone in the next 48 hours. The U.S. National Hurricane Center has warned that...

  • WASHINGTON, June 12- The top U.S. auto safety regulator said on Friday a ruptured Takata Corp air bag was likely involved in the April 5 car crash that killed a 22- year-old Louisiana woman, which would make her death the seventh linked to an air bag defect. The suit alleges that the vehicle's driver-side Takata air bag exploded, sending shards of metal into the...

  • WASHINGTON, June 12- The top U.S. auto safety regulator said on Friday a ruptured Takata Corp air bag was likely involved in the April 5 car crash that killed a 22- year-old Louisiana woman, which would make her death the seventh linked to an air bag defect. The suit alleges that the vehicle's driver-side Takata air bag exploded, sending shards of metal into the...

  • HOUSTON, June 11- Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. "With this change, we hope to provide greater value to them through more active participation in the market," Motiva Chief Executive Dan Romasko said in the...

  • WASHINGTON, June 10- Various Republican governors with an eye on the White House can point to tax cuts and other business-friendly policies they spearheaded as they enter the crowded 2016 presidential contest. Among the handful of governors and former governors competing for the Republican presidential nomination, only one- former Texas Governor Rick...

  • WASHINGTON, June 10- U.S. auto safety regulators said on Wednesday that they are looking into a possible seventh death linked to defective Takata air bag inflators, a Louisiana woman who died after her 2005 Honda Civic hit a utility pole in the early hours of April 5. A lawsuit filed on Monday in U.S. District Court by the family of the victim, 22- year-old Kylan Rae...

  • The Consumer Financial Protection Bureau has been flagging its concerns about overdraft practices since 2012 and said in July that it would address the issue with new regulations. The data shows that lenders including Atlanta- based SunTrust Banks Inc and Birmingham-based Regions Financial Corp could be hit if, as analysts expect, the CFPB caps fees and...

  • June 6- Three more tendons designed to link Chevron Corp's Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start. Gulf of Mexico, to produce 75,000 barrels of oil and 25 million cubic feet of natural gas per day once it opens. The San Ramon, California- based company said it had set...

  • June 3- Republican Louisiana Governor Bobby Jindal will make a "major announcement" about his 2016 plans in New Orleans on June 24, NBC reported. He has already made frequent visits to key primary states and launched a presidential exploratory committee, NBC said. Jindal, who is Indian American, has served as the governor of Louisiana since 2008..

  • June 2- Chevron Corp has deployed robots on the seafloor near its Big Foot deepwater oil project, aiming to find just how much damage it must contend with after six giant tendons sank and indefinitely delayed the start of production at the platform. The site, 225 miles south of New Orleans in the U.S. Wells Fargo analyst Roger Read said on Tuesday the setback was "...

  • The hidden truth about the presidential candidates Tuesday, 2 Jun 2015 | 10:30 AM ET
    Jeb Bush, Rick Perry and Chris Christie

    Using our Top States for Business metrics, we judge the performance of the governors running in the 2016 US presidential election.

  • May 29- Illinois has asked the federal energy regulator to investigate whether Dynegy Inc manipulated a power auction and to block $113 million in expected overcharges from that auction for the coming year, the regulator said on Friday. The charges will hit Illinois consumers who buy electric supply through Ameren Illinois, the local delivery service...

  • SAO PAULO, May 29- Panama's Copa Airlines plans to expand its route network out of Latin America despite the challenges it currently faces in Brazil, the region's biggest market, the company's chief executive officer said on Friday. The carrier, a subsidiary of Copa Holdings SA, sees further potential in a business model built on linking small and mid-sized Latin...