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  • WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...

  • A US workplace civil war that's at a tipping point Friday, 29 May 2015 | 10:00 AM ET
    Protesters march around the Capitol after participating in a rally against a "right-to-work" proposal, on Saturday, Feb. 28, 2015, in Madison, Wis.

    The US is split over right to work laws—literally. Exactly half of the 50 states are right-to-work states—the next will tip the balance.

  • ABOARD THE USS WASP, May 27- Nearly two weeks of testing of Lockheed Martin Corp's F-35B fighter jet on an amphibious assault carrier proved the stealthy new warplane can operate and be serviced at sea, U.S. and UK officials said this week, marking another step toward the jet's readiness for initial combat use by the Marine Corps. Six F-35 B-model jets, which can take...

  • Guess which hot sector private equity is chasing Wednesday, 27 May 2015 | 10:30 AM ET
    The Good Eggs distribution center in San Francisco

    The rising value of farmland and demand for organic food is wooing investors to this sector. Farmers are now becoming more business savvy.

  • NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...

  • The 5 US states where China invests the most Wednesday, 20 May 2015 | 6:00 AM ET
    Trucks make their way around the Smithfield Foods packaging plant in Smithfield, Virginia.

    A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here's where those jobs are.

  • BOSTON, May 19- The now-defunct Massachusetts pharmacy behind a deadly 2012 meningitis outbreak that killed at least 64 people will pay out $200 million to its victims and creditors under a bankruptcy reorganization plan approved on Tuesday. The bankruptcy reorganization plan was approved by U.S. Bankruptcy Court Judge Henry Boroff. Deaths of patients...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years. Duke last week pleaded guilty to environmental crimes over a North Carolina power plant's coal ash spill and management of coal ash...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to convert a coal-powered power plant in North Carolina into a natural gas plant over four to five years. Duke will retire the 376 megawatt coal plant in Asheville and spend about $750 million to build a 650 MW natural gas-fired power plant, the company...

  • WASHINGTON, May 15- When Republican Stefanie Linares ran for office in the deeply Democratic city of Chicago last year, she knew that her hard work wasn't likely to end in victory. The 31- year-old Hispanic lawyer lost her bid for the Illinois state Senate by a whopping margin. The Republican party fielded eight state legislature candidates in Chicago last year,...

  • RALEIGH, N.C., May 14- Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S. prosecutors said. The plea entered in federal court in Greenville, North Carolina, by the country's largest utility owner was expected under a settlement with...

  • RALEIGH, N.C., May 14- Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S. prosecutors said. The plea entered in federal court in Greenville, North Carolina, by the country's largest power company by generation capacity was expected as...

  • NEW YORK, May 12- In a long-running battle between oil refiners and the U.S. farm lobby over the future of ethanol fuel, biofuel producers may have just made a small, but important dent in big oil's formidable defenses. Over the past few months, privately held retailers Kum& Go and Sheetz have become the first significant chains to announce plans to start selling E15, a...

  • In a June 2014 letter to Treasury Secretary Jack Lew seen by Reuters on Monday, Republican Representative Jeb Hensarling of Texas said his staff had reviewed the Fed's unclassified plans for how to handle a default. The plans included scheduling new payment dates for defaulted securities, Hensarling said in the letter which was also signed by Republican...

  • In a June 2014 letter to Treasury Secretary Jack Lew which was seen by Reuters, Texas Republican Representative Jeb Hensarling said his staff reviewed Fed documents detailing the U.S. central bank's contingency plans if America stiffed its creditors. The documents showed "planning by the Federal Reserve Bank of New York to minimize market disruptions if the...

  • GSK, US experts team up to find cure for AIDS Monday, 11 May 2015 | 9:22 AM ET
    AIDS, HIV, Africa

    Britain's GlaxoSmithKline is to collaborate with U.S. scientists in developing a cure for AIDS.

  • LONDON, May 11- Britain's GlaxoSmithKline, which decided last week to retain rather than float off its HIV drugs business, is to collaborate with U.S. scientists in developing a cure for AIDS. GSK is tapping into the latest expertise by creating an HIV Cure centre with the University of North Carolina at Chapel Hill and establishing a new jointly owned company.

  • MIAMI, May 8- Meteorologists expanded a tropical storm warning for part of the North Carolina and South Caroline coastline on Friday, according to the U.S. National Hurricane Center. A warning is now in effect for areas from South Santee River, South Carolina to Cape Lookout, North Carolina, at the southern end of the Outer Banks, it said. It stalled on Friday about 165...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion, as investor appetite for "fast-casual" dining chains continues unabated. Bojangles, which operates in the fastest-growing but crowded restaurant segment, serves southern U.S.-inspired food, including buttermilk...

  • MIAMI, May 8- A tropical storm warning has been issued for a portion of North Carolina and South Carolina, the U.S. National Hurricane Center said on Friday. A warning is now in effect for areas from South Santee River, South Carolina to Surf City, North Carolina, it added. "I expect that the worst Ana will be able to do is intensify to a 65- mph tropical storm that brings 4- 6...