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  • Berkshire profit soars 41% to a record Friday, 1 Aug 2014 | 6:54 PM ET
    Warren Buffett

    Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.

  • Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.

  • WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.

  • NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.

  • FOX LAKE, Ill., July 25- The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

  • PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.

  • SPENCER, Mass., July 24- Tucked off a two-lane highway in a hilly, wooded section of central Massachusetts, a group of Roman Catholic monks has embraced a centuries-old tradition they hope can sustain their aging members in a world of rapidly rising health costs.

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • 45. Maine Tuesday, 24 Jun 2014 | 3:00 PM ET

    Maine stands tall for education and quality of life, but a sluggish economy and limited infrastructure create issues for business.

  • America's top state to live in is... Thursday, 19 Jun 2014 | 11:06 AM ET

    Wonder which state has the lowest crime rate, ranks high in environmental quality, parks and recreation and access to health care? Read on.

  • Extra crispy: French fry truck catches fire Wednesday, 23 Apr 2014 | 2:12 PM ET
    Truck fire in the Wal-Mart parking lot, Waterville, Maine.

    A tractor-trailer carrying 40,000 pounds of french fries caught fire in a Wal-Mart parking lot in the Maine city of Waterville.

  • Is disaster looming in remote Alaskan waters? Monday, 24 Mar 2014 | 11:22 AM ET
    The Alaskan Peninsula and Aleutian Islands

    After gallons of crude oil gushed from the Exxon Valdez and soiled Alaskan's grounds, oil spill responders fear that another disaster is looming.

  • Thinning blue line: Police cuts cripple cities Friday, 22 Nov 2013 | 8:56 AM ET
    In crisis: Trenton police on patrol in the Garden State's capitol

    Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.

  • The new city economy Thursday, 21 Nov 2013 | 9:45 AM ET
    Ford Motor Co. said it will invest $200 million to make four-cylinder engines at the Ford Motor Co. Cleveland Engine Plant in Brook Park, Ohio.

    Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.

  • How Orlando and Phoenix are making a comeback Wednesday, 20 Nov 2013 | 8:47 AM ET
    Orlando, Florida

    These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.

  • Miami vice: Shady muni deals cripple cities Wednesday, 20 Nov 2013 | 8:00 AM ET

    The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.

  • Is the muni bond market about to blow up? Tuesday, 19 Nov 2013 | 9:26 AM ET
    Detroit city grate is missing a cover. With cut backs to city services, Detroit's infrastructure has fallen into disrepair.

    Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?

  • Behind the scenes: 'Critical Condition' US tour Monday, 18 Nov 2013 | 8:34 AM ET
    Home of Charles Lang Freer, Detroit railroad car manufacturer.

    Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.

  • This small city is full of big surprises Monday, 18 Nov 2013 | 8:15 AM ET
    Market Street Bridge and the Tennessee Aquarium.

    Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.

  • America's cities are on the edge, and hard to fix Monday, 18 Nov 2013 | 8:09 AM ET
    A construction crew fixing aging water pipes in Baltimore, Maryland.

    Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.