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  • May 6- If credit is no longer working its magic on the economy and asset markets, why does Bill Gross think it will work in investor portfolios? Gross, a bond manager with an enviable long-term track record, comes to a somewhat jarring conclusion in his most recent investment outlook. After having first rehearsed the diminishing returns to the economy, and markets,...

  • BOSTON, May 6- Puerto Rico's troubled electric utility on Wednesday asked a U.S. appeals court for an alternative to restructure some $9 billion in debt, saying it would otherwise be at the mercy of U.S. bond funds. The legal battle moved on Wednesday to Boston where lawyers for both sides argued for more than an hour before the U.S. Court of Appeals for the First...

  • NEW YORK, May 1- A former ally of New Jersey Governor Chris Christie on Friday pleaded guilty to charges related to the George Washington Bridge closure scandal, delivering another blow to Christie's image at a time when he is trying to get his presidential campaign off the ground. David Wildstein, a former senior Christie appointee to the Port Authority of New...

  • NEW YORK, May 1- A former ally of New Jersey Governor Chris Christie on Friday pleaded guilty to criminal charges related to the George Washington Bridge closure scandal, delivering another blow to Christie's image at a time when he is trying to get his presidential campaign off the ground. David Wildstein, who had been a senior Christie appointee to the Port...

  • WASHINGTON, April 28- The leader of the largest federation of U.S. labor unions has called on Hillary Clinton and other presidential hopefuls to oppose an Obama administration trade pact. AFL-CIO President Richard Trumka on Tuesday delivered his first address about the U.S. presidential election in November 2016, laying out criteria the federation's 56...

  • JAKARTA, April 22- Leaders of Asian and African nations called on Wednesday for a new global order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past. It was not immediately clear if the remarks would satisfy China's desire for Japan to acknowledge its wartime past, but a Japanese official told...

  • BRUNSWICK, Maine, April 21- Maine Governor Paul LePage on Tuesday proposed amending the state's constitution to eliminate the income tax, telling lawmakers the strategy was the best way to make the tax cut he desires permanent. The proposal, opposed by Democrats who control the state House of Representatives, would insert language in the state's 195- year old...

  • And some are striking a sympathetic tone with lower-income workers in a way that contrasts with four years ago when Mitt Romney struggled to overcome perceptions that he was largely the candidate of the wealthiest Americans. Then, Republican nominee Romney had the luxury of being able to hammer President Barack Obama with an unemployment rate of more than 8...

  • BEIJING, April 15- Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000 s but whose hype then faded. Financial details of the deal were not disclosed, but Ninebot Chief Executive Gao Lufeng said...

  • QUEBEC CITY, Quebec, April 14- Quebec is in talks with Ontario to sell Hydro-Qu├ębec's surplus hydroelectrical power to the neighbouring province and hopes to have an agreement soon, a senior government minister said on Tuesday. "I have been discussing with the Ontario government," Quebec Energy Minister Pierre Arcand said in a telephone interview from New York.

  • Senator Rand Paul accused his fellow Republicans on Tuesday of contributing to Washington's dysfunction, launching a 2016 White House bid with a vow to shatter the status quo and defend individual freedoms. He cast himself as an anti-establishment reformer who could break partisan gridlock and win new converts to the party, saying his fellow Republicans...

  • Senator Rand Paul promised to be a different kind of Republican on Tuesday, launching a 2016 White House bid by saying he would stand up for individual freedoms that are being trampled by "the Washington machine." The first-term senator from Kentucky, a libertarian with a reputation for challenging party orthodoxy, criticized Republicans in Congress and the...

  • LOUISVILLE, Ky., April 7- Senator Rand Paul of Kentucky built a national reputation on his willingness to challenge Republican orthodoxies. And the 52- year-old former eye surgeon who harnessed the anti-establishment energy of the Tea Party movement has been raising money for fellow Republicans, at times upsetting the grassroots activists who have made him a...

  • NEW YORK, April 2- A group of 14 state attorneys general on Thursday asked the U.S. Congress to investigate the herbal supplements industry after a New York probe of the products turned up ingredients that were not listed on labels and raised safety concerns. The group, led by New York Attorney General Eric Schneiderman and Illinois Attorney General Greg Zoeller,...

  • Trump said he had formed an exploratory committee to determine whether to run, and that he had hired staff in Iowa, New Hampshire and South Carolina. In a telephone interview with Reuters, Trump said he would put his job creation record up against anyone, including the dozen or so Republicans who are considering a White House run in 2016.. The United States for years...

  • WASHINGTON, March 18- Real estate mogul and TV personality Donald Trump took the first steps on Wednesday toward launching a 2016 presidential campaign, a sign the businessman may jump into the Republican race after publicly considering it in years past. Trump said he had formed an exploratory committee to determine whether to run, and that he had hired staff in...

  • COLUMN-U.S. student borrowers need relief in bankruptcy Wednesday, 18 Mar 2015 | 8:00 AM ET

    LOS ANGELES, March 18- Two changes to the U.S. consumer bankruptcy process could help some of the most trapped student loan borrowers free themselves from a modern-day debtors' prison. President Barack Obama last week directed three U.S. government agencies- the Department of the Treasury and Education as well as the Consumer Financial Protection Bureau- to...

  • *Robust U.S. payrolls report jolts bond yields higher. *Dollar index hits 11-1/ 2 year high vs basket of currencies. NEW YORK, March 11- Before last Friday, many investors opined that the U.S.

  • PUNTA GORDA, Fla., March 9- The first peaches are ripe for harvest in Florida, bred to thrive where Mother Nature never intended the fruit to grow, alongside the state's signature rows of orange and grapefruit trees. Peaches naturally belong in cooler climates such as Georgia, whose famous crop is just now poised to bloom, two months away from harvest.

  • Feb 22- Union members ratified an agreement on Sunday that ends a four-month-long strike by some 1,800 workers at FairPoint Communications, a major land-line telecommunications provider in northern New England, union officials announced. Union and FairPoint negotiators reached a tentative agreement on Feb. 19, followed by three days of union member voting...