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  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. A Reuters analysis showed companies owned by billionaires like Warren Buffet and Mexico's...

  • NEW YORK, Nov 12- When faced with the prospect of outliving their money, most people might toss and turn at night or obsess about where to slash their budgets. A new survey from Wells Fargo shows 22 percent of people say they would rather die early than not have enough cash to live comfortably in retirement. "These are pretty sobering statistics," says Joe Ready,...

  • UPDATE 1-International Market Centers files for IPO Monday, 10 Nov 2014 | 6:01 PM ET

    Nov 10- International Market Centers Inc, a provider of showroom space to home furniture and decor companies such as Bassett Furniture Industries and La-Z-Boy Inc, filed with U.S. regulators for an initial public offering of common stock. The company, formed in 2011 by funds affiliated with Bain Capital LLC and Oaktree Capital Management LP, said it intended to...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp,...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp, the papers show.

  • Nov 6- Potash Corp of Saskatchewan Inc agreed to spend more than $52 million on plant improvements and pay a $1.3 million civil penalty to resolve U.S. charges that it violated the Clean Air Act over the emission of harmful pollutants, such as sulfur dioxide. It resolves claims by the Justice Department and the U.S. Environmental Protection Agency that three...

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • WASHINGTON, Nov 5- America's underperforming economy has been an albatross for President Barack Obama since he took office in 2009 and likely did his Democratic party few favors in midterm elections on Tuesday- but it may not have been the decisive factor. Hurt by Obama's general unpopularity, Democrats lost control of the Senate while Republicans...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly profit as a cool summer reduced demand. The company, which also operates in Brazil, Argentina and Chile, said the results were also hurt by lower income from international operations and higher fuel costs. The company sells power to 7.2 million...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly revenue and profit as a milder summer hit demand and expenses rose. That led to the company to sell some Midwest power assets- a big chunk of its wholesale assets- to Dynegy Inc in August for $2.8 billion. Net income attributable to Duke rose 27 percent to...

  • NEW YORK, Nov 4- The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly effect the energy sector and other slices of the equities market. Republican Senate candidates picked up formerly Democratic seats in Iowa, North Carolina, Montana, Colorado, West Virginia, South Dakota and Arkansas, more than the six gains...

  • NEW YORK, Nov 3- Alibaba Group shareholders should get ready for something they haven't much seen: volatility. Alibaba shares, which soared 38 percent in their trading debut on Sept. 19, have gained more than 8 percent from their closing price on that day. "We believe Alibaba's shares' post-earnings reaction mainly depends on management's commentary on top-line...

  • Oct 28- Alevo Group, which has kept its energy storage technology secret for a decade, unveiled it on Tuesday, and said it has struck deals aimed at deploying its batteries in power grids in China and Turkey. The Martigny, Switzerland- based company has yet to sign up any U.S. customers but said on Tuesday that it has reached a deal with China-ZK International Energy...

  • WASHINGTON, Oct 28- Demand for U.S.-made capital goods recorded its biggest drop in eight months in September and the pace of house price gains moderated in August, suggesting some cooling in economic growth in the third quarter. "The weak capital goods orders and house price data confirm the slowdown in activity, but the burst in consumer confidence suggests...

  • Oct 23- Hurricane Gonzalo caused between $200 million and $400 million in insured losses over the weekend on Bermuda, according to an estimate by AIR Worldwide, a Boston- based catastrophe modeling company. EQECAT, another modeling firm, estimated the insured losses at $300 million, according to a report on Monday by Insurance Journal, a trade publication.

  • WASHINGTON, Oct 23- New claims for U.S. unemployment benefits held below 300,000 for a sixth straight week last week, suggesting the labor market was shrugging off jitters over a slowing global economy. Weakening growth in China and the euro zone, however, appears to be impacting the manufacturing sector, with other data on Thursday showing factory activity at a...

  • Oct 23- Nucor Corp, the No. 1 U.S. steelmaker, posted a higher quarterly profit on Thursday as the growing U.S. economy fueled demand for its products from the auto, construction, and oil and gas industries. Analysts on average expected Nucor to post a profit of 74 cents a share on sales of $5.4 billion, according to Thomson Reuters I/B/E/S. In early trading on the New York...

  • States ease laws that protected poor borrowers Wednesday, 22 Oct 2014 | 10:18 AM ET
    Brig. Gen. T.A. Gorry of the Marine Corps, who said requiring commanders to sign off before their soldiers acquired a loan could become a dangerous distraction, at Camp LeJeune, in an undated handout photo.

    Lenders to people with poor credit scores have found sympathetic audiences in many states, including North Carolina. The NYT reports.

  • Pandora knows who you will (probably) vote for Tuesday, 21 Oct 2014 | 12:33 PM ET

    If you live in Florida and like Pandora, you're probably hearing a lot of Rick Scott for Governor ads. That is, if you like country music.

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...