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  • Business events scheduled for the coming month Friday, 27 Mar 2015 | 1:21 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...

  • Better economy awakens house dreamers Friday, 27 Mar 2015 | 1:00 PM ET

    Luxury building is again booming in the traditionally high-end parts of the country, like the Hamptons, as the economy continues to improve.

  • HARTFORD, Conn.— Eighteen years, three governors and $567 million after a study was commissioned to come up with a way to improve public transportation in central Connecticut, a bus-only corridor is about to open, promising to overtake motorists sitting on traffic-clogged Interstate 84. Dannel P. Malloy, state Transportation Commissioner James Redeker and...

  • Mulally earned $22 million in final year as Ford CEO Friday, 27 Mar 2015 | 9:22 AM ET

    DEARBORN, Mich.— Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants. The company also announced that its annual meeting will be held May 14 in Wilmington, Delaware. As a result, he earned $1 million in salary compared with $2...

  • DETROIT— BMW is recalling nearly 49,000 motorcycles in the U.S. and Canada because flanges that hold the rear wheel can crack if bolts are too tight. BMW says if bolts that hold the rear wheels to a flange are over-tightened, the flange can crack. BMW says the rider and passenger were bruised and scraped.

  • Dow Chemical, Olin in $5B cash-and-stock deal Friday, 27 Mar 2015 | 7:43 AM ET

    MIDLAND, Mich.— Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow CEO and Chairman Andrew Liveris said in a statement that the Olin deal has helped the Midland, Michigan- based company exceed its target to divest $7 billion to $8.5 billion of non-strategic businesses and assets.

  • AKRON, Ohio— A federal agency has directed the Texas- based company behind a proposed northeastern Ohio natural gas pipeline to investigate an alternative route that would relocate the $2 billion project to less populated areas. The city of Green has proposed moving about 103 miles of the Nexus pipeline away from southern Summit County and northern Stark...

  • LOS ANGELES, March 26- The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state's public pension system Calpers, in which the retirement fund will be paid in full under the city's bankruptcy exit plan. San Bernardino announced last year it intended to pay the powerful California Public Employees' Retirement System...

  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • Moody's fears Atlantic City default after state report Thursday, 26 Mar 2015 | 12:34 PM ET

    ATLANTIC CITY, N.J.— Wall Street is less than thrilled about what it has heard from emergency managers appointed by New Jersey Gov. Chris Christie to help turn around Atlantic City's finances. State Senate President Steve Sweeney says the report is making things worse by spooking Wall Street.

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • WASHINGTON, March 26- The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy's solid fundamentals despite a recent softening in growth. "The good news is that claims and the services sector data suggest the economy has gained...

  • DETROIT, March 26- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday that the natural rate of unemployment in the United States was probably around 5 percent and might even be lower. "I think the natural rate of unemployment is probably around 5 percent and it may be lower than that," he told reporters after speaking to an investment...

  • Neogen misses Street 3Q forecasts Thursday, 26 Mar 2015 | 8:58 AM ET

    LANSING, Mich. _ Neogen Corp. on Thursday reported fiscal third-quarter net income of $7.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Three analysts surveyed by Zacks expected $70.4 million.

  • Census: Florida city tops list of fastest-growing areas Thursday, 26 Mar 2015 | 12:08 AM ET

    New figures released Thursday by the U.S. Census Bureau showed Florida was home to six of the nation's 20 fastest-growing metro areas from July 1, 2013, to July 1, 2014. The Villages retirement community located northwest of Orlando was the nation's fastest-growing metro area last year with a 5.4 percent increase that raised the population to 114,000...

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • Wyoming is among states challenging new EPA rules Wednesday, 25 Mar 2015 | 6:21 PM ET

    CHEYENNE, Wyo.— Wyoming, the nation's leading coal-producer, joined 20 other states pressing arguments Wednesday before the U.S. Supreme Court against federal regulations that would cut the amounts of mercury and other pollutants that can be emitted by power plants. The states and industry groups say the EPA failed to consider the issue of cost involving the...

  • DETROIT, March 25- The United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top priority in contract talks this summer, but more jobs and production are shifting to U.S. plants without unions and Mexico. Earlier this week, General Motors Co said it would build a factory in Mexico to assemble a new generation of...

  • TOLEDO, Ohio— The leader of a union that represents Jeep workers in Toledo said Wednesday that he's confident that the city and state have put together a package that will convince Fiat Chrysler Automobiles against moving Jeep Wrangler production. Bruce Baumhower, president of United Auto Workers Local 12 in Toledo, said he expects a decision from Fiat...