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  • NEW YORK— Upgrading your phone is no longer as simple as paying $100 or $200 and extending your service contract by two years. With contract plans, you're paying $40 to connect a smartphone. With full-price or leasing plans, you're paying $15 or $25.

  • LA could become latest US city to pass $15 minimum wage Wednesday, 3 Jun 2015 | 2:35 AM ET

    Seattle and San Francisco recently passed laws to reach the same minimum wage over several years, and Chicago passed one last year that plateaus at $13. Earlier this week, the California Senate approved a plan to again raise the statewide minimum wage, lifting it to $13 an hour in 2017 and tying it to the rate of inflation after that. New York City Mayor Bill de Blasio...

  • NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking potentially hundreds of millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said trustee Irving Picard could try to claw...

  • Madoff trustee largely prevails in 233 lawsuits Tuesday, 2 Jun 2015 | 6:23 PM ET

    NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said the trustee Irving Picard could try to claw back money that...

  • VIENNA, June 2- Core Gulf OPEC members and others have a consensus to keep the organization's oil production ceiling intact at its meeting this week, a senior Gulf OPEC delegate told Reuters on Tuesday, reinforcing a view among a growing chorus of members. Most members expect OPEC to stand by its decision to keep pumping out oil at current rates at its meeting on...

  • NEW YORK, June 2- Oil prices rose on Tuesday, driven by a weak dollar and expectations that U.S. crude supplies could have fallen last week for a fifth straight week. But the American Petroleum Institute estimated an inventory build instead, in a report released after the market's settlement, causing oil to pare some of its earlier gains. The government-run Energy...

  • ABM Industries beats 2Q profit forecasts Tuesday, 2 Jun 2015 | 5:10 PM ET

    NEW YORK _ ABM Industries Inc. on Tuesday reported fiscal second-quarter earnings of $18.3 million. ABM Industries expects full-year earnings in the range of $1.75 to $1.85 per share. ABM Industries shares have risen 13 percent since the beginning of the year.

  • Health care enrollments by state Tuesday, 2 Jun 2015 | 5:02 PM ET

    Source: U.S. Department of Health and Human Services.

  • JPMorgan has ended voicemail services for roughly half of its roughly 136,000 consumer bank employees, in an effort to save money and in recognition that voicemail is slowly being replaced by text messages and emails. In some company departments that only interact with other bank employees, as many as 90 percent of employees no longer have voicemail, JPMorgan...

  • Warner Bros. announced Tuesday that Eastwood will direct and produce the not-yet-titled drama as his next film. The Oscar-winning "American Sniper," starring Bradley Cooper as Navy SEAL Chris Kyle, made $543.4 million globally for Warner Bros. and became the top domestic release of 2014.. "Simply put, Clint Eastwood is at the top of his game, not to mention a global...

  • At JPMorgan, voicemail deemed obsolescent Tuesday, 2 Jun 2015 | 4:29 PM ET

    NEW YORK, June 2- Voicemail is going the way of the typewriter, at least at JPMorgan Chase& Co.. The Wall Street bank is eliminating voicemail for thousands of employees who do not take calls from customers, at a savings of $10 a month per person, Gordon Smith, chief executive of the company's consumer banking operations, said at an investor conference on Tuesday.

  • June 2- U.S. stocks eased on Tuesday as a jump in bond yields hit utilities and other top dividend payers, but energy gains and optimism Greece is near a deal with creditors limited losses. "Today the utilities are way underperforming, obviously because people are thinking rates are going to go up sooner rather than later," said Uri Landesman, president of Platinum...

  • Dollar General and Delta are big market movers Tuesday, 2 Jun 2015 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Dollar General Corp., up $2.17 to $74.98. TravelCenters of America LLC, up 76 cents to $16.52.

  • Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...

  • G-III Apparel tops Street 1Q forecasts Tuesday, 2 Jun 2015 | 4:09 PM ET

    NEW YORK _ G-III Apparel Group Ltd. on Tuesday reported fiscal first-quarter net income of $6.8 million. G-III Apparel expects full-year earnings in the range of $2.66 to $2.76 per share, with revenue expected to be $2.4 billion. G-III Apparel shares have increased 19 percent since the beginning of the year.

  • June 2- U.S. stocks dipped late Tuesday afternoon as a jump in bond yields weighed on utilities, but gains in energy shares and optimism that Greece may be close to a deal with its creditors limited losses. "Today the utilities are way underperforming obviously because people are thinking rates are going to go up sooner rather than later, but almost everything else...

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • Pinterest to unveil 'buyable pins' in next few weeks Tuesday, 2 Jun 2015 | 3:03 PM ET

    NEW YORK— Pinterest will be able to buy items they like using a new type of pin, Pinterest and e-commerce company Shopify said Tuesday. The company, which isn't publicly traded, says items from brands including Macy's, Neiman Marcus, Nordstrom, Cole Haan, Michaels and thousands of Shopify stores will have the pins. Shopify says their credit card information will be...

  • NEW YORK, June 2- U.S. stocks rose on Tuesday helped by the dollar's decline and bond yields rose while investors searched for clarity on Greece's debt crisis. Athens faces a Friday deadline to repay 300 million euros to the International Monetary Fund. "It is all revolving around the climactic situation in Europe," said Ken Polcari, Director of the NYSE floor...

  • NEW YORK— A New York City nonprofit that supports language instruction in public schools is teaming up with Barnes& Noble to help students keep learning languages over the summer. The Barnes& Noble on East 86th Street in Manhattan will host a Spanish sing-along Wednesday afternoon. The Global Language Project started in 2009 in one elementary school in...