Americans buy most of the world's yachts but few are actually made here. One company in Louisiana is trying to change that, reports CNBC's Robert Frank.» Read More
Dec 5- The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city's minority communities, a court filing showed.
LAS VEGAS, Dec 5- The London Metal Exchange asked a panel of U.S. judges on Thursday to assign a federal court in Manhattan to handle a series of antitrust lawsuits that allege the world's largest metal exchange, two of Wall Street's biggest banks and big commodity merchants conspired to raise the price of aluminum.
NEW YORK/ BOSTON, Dec 5- JPMorgan Chase& Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July. JPMorgan said on Wednesday it had detected that the web servers used by its site www.ucard.chase.com had been breached in the middle of September.
NEW YORK-- The New York Film Critics Circle named "American Hustle" the best film of 2013, giving David O. Russell's fictionalized Abscam tale an early jolt in Hollywood's awards season.
LONDON, Dec 4- Supporters of renewables often imply the clean-energy revolution is close to phasing out fossil fuels for electricity generation in the United States, especially polluting coal-fired power plants.
*Apple up after Topsy buy, UBS upgrade. *Yum Brands' November China sales flat. said Gordon Charlop, a managing director at Rosenblatt Securities in New York.
MADISONVILLE, La.-- Pelican Energy Consultants will expand its operations in St. Tammany Parish, hiring 195 employees. The company now employs 158 people in Louisiana, including 27 at its headquarters and 86 at its engineering center in Madisonville. It also has 45 employees in a Metairie engineering center, plus offices in Houston and Accra, Ghana.
The CVS Caremark Corp. unit allegedly denied Medicaid claims for reimbursement of prescription drug costs. Five states _ Arkansas, California, Delaware, Louisiana and Massachusetts _ will share $1.94 million.
*Apple up after Topsy buy, UBS upgrade. NEW YORK, Dec 3- U.S. stocks were poised for a lower open on Tuesday, indicating the S&P 500 may fall for a third consecutive session, on concerns the Federal Reserve may begin to reduce its stimulus earlier than some had anticipated. said Gordon Charlop, a managing director at Rosenblatt Securities in New York.
*Apple up after Topsy buy, UBS upgrade. NEW YORK, Dec 3- U.S. stock index futures fell on Tuesday, indicating the S&P 500 may fall for a third consecutive day on concerns a reduction in stimulus by the Federal Reserve may be on the horizon earlier than some had anticipated.
*Apple up after Topsy buy, UBS upgrade. *Yum Brands November China sales flat. NEW YORK, Dec 3- U.S. stock index futures fell on Tuesday, indicating the S&P 500 may fall for a third consecutive day on concerns a scale-back in stimulus by the Federal Reserve may be on the horizon.
Dec 2- BP Plc won a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs. BP had agreed in 2012 to make payments to those who suffered economic losses as a result of the largest U.S. offshore oil spill.
VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.
NEW ORLEANS-- Louisiana's Department of Insurance has joined a lawsuit filed by Mississippi against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. Commissioner Jim Donelon said Wednesday that the department had filed an "amicus curiae, or friend of the court" brief in Mississippi's lawsuit.
WASHINGTON, Nov 27- In its current disarray, Obamacare is providing Republicans with a steady stream of stories that any campaign manager would consider priceless: tales of ordinary people, some dreadfully ill, with canceled health insurance thanks to President Barack Obama's healthcare law.
WASHINGTON, Nov 25- The U.S. Environmental Protection Agency named a scientific ombudsman on Monday to fight back against accusations by Republican lawmakers of being opaque in its scientific findings and not allowing outside parties to review them.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
*Dominated by big groups such as Goldman Sachs, Glencore. LONDON/ NEW YORK, Nov 21- Sweeping warehouse rule changes proposed by the London Metal Exchange will spur a resurgence of independent storage firms after several years of dominance by big groups such as Goldman Sachs and Glencore Xstrata.
WASHINGTON, Nov 20- A bipartisan group of U.S. House and Senate members is seeking to make it easier for investment fraud victims to seek compensation, after investors in Allen Stanford's Ponzi scheme were deemed ineligible under current law to file claims.