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  • The official scorekeeper of Congress projects solid economic growth for the next few years, with unemployment dropping slightly. For future years however, CBO issued a warning: Beyond 2018, deficits will start rising again as more baby boomers retire and enroll in Social Security and Medicare. By 2025, annual budget deficits could once again top $1 trillion,...

  • Monster winter storm about to sock Northeast US Monday, 26 Jan 2015 | 1:00 PM ET
    A resident shovels snow after a snowstorm in Buffalo, New York, November 20, 2014.

    The National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and New England.

  • Jan 26- Pipeline company Energy Transfer Partners LP said on Monday it would buy affiliate Regency Energy Partners LP for about $11 billion, the latest example of master limited partnerships trying to simplify their structures and lift returns. Unlike the $44 billion deal industry leader Kinder Morgan Inc led last year to fold all of its units into a...

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • COLUMBUS, Ohio— Republicans in the Ohio House are looking at ways to stabilize Medicaid and ensure recipients can lift themselves out of the taxpayer-funded program, as they grapple with how to move forward with an expansion of the health program. John Kasich's administration extended Medicaid eligibility in 2013 to cover thousands more low-income...

  • NYC mayor: Storm could be biggest ever to hit city Sunday, 25 Jan 2015 | 1:19 AM ET

    NEW YORK— A winter that has largely spared the Northeast thus far is about to arrive with gusto: a storm the National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and Boston. New York City, Boston and Connecticut should expect whopping snow totals of up to 2 feet, he said. "Looks like our luck is about to run out," said John...

  • Richmond- based Dominion Resources is partnering with other utilities to build the $5 billion Atlantic Coast Pipeline, which would cross the Blue Ridge Mountains to deliver gas from Pennsylvania, Ohio and West Virginia. Friday's rally was organized by the Sierra Club and Friends of Nelson, a group of property owners in Nelson County who live along the proposed...

  • Venezuela eyes double-digit yield on Citgo debt sale Friday, 23 Jan 2015 | 11:13 AM ET

    NEW YORK, Jan 23- Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US $2.5 bn financing package aimed at pumping new cash into its state-owned parent PDVSA. With some US $10 bn in debt payments due this year, cash-strapped Venezuela is pledging some of its most valuable assets abroad to raise new cash, as...

  • Officials warn about New Jersey's roads and bridges Friday, 23 Jan 2015 | 11:10 AM ET

    Chris Christie's transportation commissioner, along with outside groups are stepping up warnings about the dire state of New Jersey's bridges, roads and tunnels. The trust fund brings in about $1.2 billion in revenue, but those funds pay down the program's debt, while new projects are paid for through bonding and cash infusions from the Port Authority of New...

  • First Citizens posts 4Q profit Friday, 23 Jan 2015 | 8:39 AM ET

    SANDUSKY, Ohio _ First Citizens Banc Corp. on Friday reported net income of $2.3 million, or 21 cents per share, in its fourth quarter. The Sandusky, Ohio- based bank said it had earnings of 21 cents per share. Keywords: First Citizens Banc, Earnings Report.

  • ATHENS, Ohio— Ohio University trustees are softening the blow of hefty tuition and campus housing increases for new students next year by guaranteeing the rates won't rise again during the students' four years on campus. Total annual costs under the plan are $22,400, The Columbus Dispatch reported Friday. Ohio University's approach differs because it covers...

  • PIKETON, Ohio— The state's congressional delegation is urging the White House to fully fund the decontamination and decommissioning of a Cold War-era uranium plant in southern Ohio where hundreds of workers feared layoffs last fall amid budget concerns. In a letter Thursday to the White House budget director, lawmakers said cleanup of the former Portsmouth...

  • COLUMBUS, Ohio— Ohio's unemployment rate dropped to 4.8 percent last month, its lowest since September 2001 and the fourth consecutive monthly decrease. The state's Department of Job and Family Services said Friday that Ohio had 278,000 unemployed workers in December. Ohio's unemployment rate has remained below the nation's, which was 5.6 percent in...

  • HOUSTON, Jan 22- Citgo Petroleum confirmed on Thursday its assets are no longer for sale after parent company PDVSA of Venezuela decided to cancel the offering despite receiving several bids, according to Thomson Reuters IFR. The $1 billion senior secured loan being proposed has a rate of Libor +800 basis points and a five-year term, Citgo said in New York,...

  • Meridian Bioscience meets 1Q profit forecasts Thursday, 22 Jan 2015 | 8:18 AM ET

    CINCINNATI _ Meridian Bioscience Inc. on Thursday reported fiscal first-quarter earnings of $7.9 million. Meridian Bioscience expects full-year earnings to be 85 cents to 91 cents per share, with revenue in the range of $193 million to $200 million. Meridian Bioscience shares have increased roughly 1 percent since the beginning of the year.

  • Huntington Bancshares beats 4Q profit forecasts Thursday, 22 Jan 2015 | 8:06 AM ET

    COLUMBUS, Ohio _ Huntington Bancshares Inc. on Thursday reported fourth-quarter earnings of $163.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Huntington Bancshares shares have decreased 7 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen...

  • KeyCorp tops Street 4Q forecasts Thursday, 22 Jan 2015 | 6:48 AM ET

    CLEVELAND _ KeyCorp on Thursday reported fourth-quarter net income of $248 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. KeyCorp shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 1 percent.

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses. "I don't think that there's any advantage in pretending that there aren't big disagreements on the individual tax...

  • The economics aren't easy, said Girard co-owner Brian Oliveira. The unusual model highlights a debate about pay and conditions in an industry that employs 10 percent of the U.S. workforce, according to the National Restaurant Association. The group doesn't track the number of no-tip models among the nation's nearly 1 million eateries, but examples have popped...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.