Some construction workers and union members in Pennsylvania, Ohio and West Virginia say they're benefiting in a big way from the shale boom» Read More
WASHINGTON— Weekly applications for U.S. unemployment benefits dropped 32,000 last week to a seasonally adjusted 300,000. Claims fell to their lowest point since May 2007 _several months before the Great Recession started later that year. Pennsylvania: Down 2,007, due to fewer layoffs in food service and construction.
WASHINGTON— A House Committee voted Thursday to hold a former Internal Revenue Service official in contempt of Congress for refusing to answer questions at a pair of hearings. The official, Lois Lerner, previously headed the IRS division that processes applications for tax-exempt status.
Bob Goodlatte, who chairs the House Judiciary Committee, was speaking as a member of the House Committee on Agriculture, which adopted a bill to rewrite the rules governing the Commodity Futures Trading Commission.
April 9- Procter& Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday. Its pet care brands already include Pedigree, Whiska, and Royal Canin, and this deal will boost its market share as it vies with Nestle SA in the pet food market.
WASHINGTON, April 8- U.S. lawmakers said on Tuesday they would include a ban on military contact with Russia and other measures to punish Moscow's aggression against Ukraine in the annual defense authorization bill, bringing their push for a more assertive U.S. reaction to a new front.
*Amazon.com, Yahoo shares up 3 pct on Internet rebound. *Earnings get under way; Alcoa to report after bell. The day's biggest gainers included Amazon.com Inc up 2.3 percent at $324.99, Yahoo!
LONDON, April 8- Forced by the UK High Court to put the safety-catch back on its "bazooka" solution to long load-out queues, the London Metal Exchange has just unveiled the other weapons in its arsenal.
NEW YORK, April 7- Wall Street stocks slumped on Monday, extending a broad retreat in global equities markets from a six-year high touched last week, while U.S. On Wall Street, the biggest decliners were Internet stocks.
*Mallinckrodt to buy Questcor for $5.6 bln. *MannKind stumbles; FDA extends drug review date. "We are definitely seeing a little more downside, a continuation from the nasty reversal on Friday," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
LONDON, April 7- Britain's second largest steelmaker SSI UK said it expects to record its first ever profit this year and to add much needed jobs in England's north east, but added market conditions were tough and that its future was not yet secure.
*E* Trade and Netflix weigh on S&P 500 and Nasdaq. NEW YORK, April 4- Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall.
WASHINGTON, April 3- A group of 10 U.S. lawmakers on Thursday urged Pentagon acquisition chief Frank Kendall to revamp the U.S. Army's $5 billion competition for a new armored vehicle to allow both tracked and wheeled vehicles to compete.
On Tuesday those plans moved a step closer to reality when EPA's proposed rule arrived at the White House for review by the Office of Management and Budget, which is expected to evaluate the proposal by June 1. Under the plan, states must meet whatever target or goal the EPA sets through tailored strategies called state implementation plans.
WASHINGTON, April 1- U.S. lawmakers trying to establish who is to blame for at least 13 auto-related deaths over the past decade are expected to harshly question General Motors CEO Mary Barra on Tuesday afternoon over the automaker's slow response to defective ignition switches in its cars.
NEW YORK, March 31- JPMorgan Chase& Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the "London Whale" scandal.
March 27- Ford Motor Co will spend $500 million and create 300 jobs to upgrade an Ohio engine plant to make the new 2.7- liter six-cylinder EcoBoost engine for its best-selling F-150 pickup trucks, the company said on Friday. The 2015 F-150 pickup truck will be the first model to use the new engine that will be built at Ford's Lima, Ohio engine plant.
*Citigroup shares slump after Fed rejects capital plan. The decline is not as steep as it was earlier this week, but the continued weakness we see in these sectors suggests that investors are becoming more cautious as money continues to leave the stock market, "said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
March 27- No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a "wide range" of factors would be considered.
On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
NEW YORK, March 25- A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, joining a heated debate that could influence regulators that are implementing tough new rules for Wall Street.