Veteran U.S. Senator Thad Cochran of Mississippi narrowly defeated challenger Chris McDaniel in a runoff election.» Read More
July 9- State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed securities were safe.
*California is one of the biggest markets in U.S. for Honda. *Move comes after Honda learned of air bag incident in California. "While this case does not match the areas that NHTSA has determined, Honda is adding California into the areas in which it is conducting a regional recall in order to investigate the cause," the Honda spokeswoman said.
July 1- Lockheed Martin Corp, Pentagon's biggest defense supplier, said it will move existing employees to a defined-contribution retirement plan by Jan.1, 2020, becoming the latest company to freeze its expensive defined-benefit pension plan.
A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati rejected claims in 67 of the cases. Among the defendants in the various cases were Eli Lilly& Co, which won regulatory approval for Darvon in 1957 and Darvocet in 1972, and generic drug makers such as Mylan Inc and Teva Pharmaceutical Industries Ltd..
*Takata CEO says still examining recall costs- shareholder. TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.
These states have made the biggest gains since the Great Recession by reforming regulations and offering incentives to attract investment.
Mississippi offers low business costs, including the lowest wages. But a plaintiff-friendly legal system has kept businesses away.
The Mississippi Senate runoff between Thad Cochran and Chris McDaniel has turned into a proxy war for feuding Republican factions.
The Mississippi runoff election between Sen. Thad Cochran and challenger Chris McDaniel holds big implications for the future of the GOP, reports CNBC's John Harwood.
*Honda, Nissan, Mazda recall vehicles for potential Takata air bag issue. TOKYO/ DETROIT, June 23- Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.
New York Governor Andrew Cuomo, a Democrat, has backed the proposed increase to $8.50 from the current $7.25 an hour, but the bill has met heavy resistance in the state senate, where Republicans have a power sharing agreement with a breakaway group of Democrats.
A study of the U.S. burger business has shown which state holds the biggest portion of the segment. The Christian Science Monitor reports.
WASHINGTON, June 16- For 15 years, Massachusetts has been the most economically evolved U.S. state, according to an index released on Monday by the Information Technology and Innovation Foundation. California, Washington, Maryland, Colorado, Virginia, Connecticut, Utah and New Jersey rounded out the top 10 states.
NEW YORK, June 11- House Majority Leader Eric Cantor's shocking defeat isn't likely to have much effect on U.S. financial markets-- unless his departure emboldens Tea Party Republicans to again threaten a government shut-down over the debt ceiling next year, investment strategists said.
DETROIT, June 5- The United Auto Workers union said on Thursday it will announce as soon as next week a plan to organize workers at the Daimler AG Mercedes-Benz plant in Alabama. Casteel did not offer details of the UAW's plan in Alabama.
Do Republicans support Thad Cochran in a runoff and risk damaging tea partyer Chris McDaniel, who could wind up their nominee? Politico's Ben White reports.
CNBC's John Harwood reports the latest results in the GOP's primary for Senate. It was a good night for the tea party, says Harwood.
Decatur, Illinois, rolled its spot bid to 95 cents over August futures on Tuesday. *Old-crop FOB Gulf soybean basis offers fell 5 cents, with June at 90 cents over and July at 85 cents over July futures. *CBOT July soybeans ended 19-1/ 4 cents lower at $14.81-1/ 4 a bushel while November soy closed 8 down at $12.21-3/ 4.
CNBC's John Harwood reports on political spending associated with the primary in Mississippi.
NEW YORK, June 3- Standard& Poor's suffered a defeat Tuesday in litigation accusing it of inflating credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court.