As many as 11 other states and Washington, D.C., are expected to consider increases in 2014. USA Today reports.» Read More
Feb 17- U.S. electric power company Duke Energy Corp said on Monday that it was looking to sell off its Midwest commercial generation business, including stakes in 13 power plants, saying they offered "volatile returns" in a competitive market.
The letter was prompted by a Wall Street Journal investigation into a night-time sniper attack in April 2013 on the Metcalf substation in southern California which threatened to blackout power to thousands of homes.
*Cuts full-year profit forecast to $5.55- $5.60/ share vs est. Feb 14- J.M. Smucker Co forecast full-year results below analysts' estimates, citing increased competition in its peanut butter business and a shift in consumer preference away from artificially sweetened fruit spreads.
NEW YORK, Feb 13- A U.S. federal judge has chosen the law firm Scott+ Scott LLP to serve as interim lead counsel in a consolidated class action against many of the world's largest banks alleging manipulation of the roughly $5.3 trillion- a-day foreign exchange market.
Feb 12- The activist investor squaring off with Cliffs Natural Resources Inc named its preferred candidate for chief executive officer on Wednesday and said it plans to nominate enough new directors to form a majority of the iron ore miner's board.
Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their market debut, valuing the U.S. bank holding company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected range.
Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their U.S. market debut, valuing the company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected pricing range.
*Two big cases against Russia could be resolved this year. MOSCOW, Feb 12- Freed former tycoon Mikhail Khodorkovsky has ruled out trying to recover the fortune that made him Russia's richest man, but two multi-billion-dollar law suits involving his defunct oil giant Yukos could be decided this year.
Cliffs, a Cleveland- headquartered iron ore and coal producer, said it plans to reduce its capital spending in 2014 by more than 50 percent to between $375 million and $425 million as it cuts back its Bloom Lake Mine expansion and idles production at its Wabush Mine.
WASHINGTON, Feb 11- The U.S. House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama's demands to allow a debt limit increase without any conditions.
DETROIT, Feb 11- Chrysler Group LLC's newly redesigned Jeep Cherokee falls short of the hype, Consumer Reports magazine said on Tuesday, citing the sport utility vehicle for a choppy ride and clumsy handling. The company invested $550 million in its Toledo, Ohio plant to produce the new vehicle.
WASHINGTON, Feb 11- Data thefts at U.S. retailers have rekindled enthusiasm in Congress for a single federal law on how customers should be notified about such breaches, but those efforts face the same roadblock as in the past: dozens of overlapping state laws already in place.
Feb 10- Southwest Airlines is looking for opportunities to add service in markets where other merged carriers have scaled back, the budget carrier's Chairman and Chief Executive Gary Kelly said on Monday.
NEW YORK, Feb 6- A surge in bets that shares of Green Mountain Coffee Roasters would rise sharply by the end of the week has raised suspicions, coming as it did just hours before news of a partnership deal with Coca-Cola.
*Expects total capital expenditure at $5.2- $5.6 bln. Feb 6- Chesapeake Energy Corp cut its capital budget for the year by more than a fifth as CEO Doug Lawler focuses on drilling in U.S. shale basins that offer the best returns such as the Eagle Ford field in south Texas.
*Gilead Sciences shares weigh the most on S&P 500. NEW YORK, Feb 5- U.S. stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.
*MSCI world index slightly higher after mixed U.S. data. Relative calm in the markets of vulnerable emerging nations Turkey, South Africa and Russia helped to offset some of the recent jitters.
*Gilead Sciences shares weigh the most on S&P 500. NEW YORK, Feb 5- U.S. stocks dipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.
*MSCI equity index barely higher after mixed U.S. data. NEW YORK, Feb 5- Global equity markets mostly inched up on Wednesday as U.S. services sector data showing a pickup in growth was offset by a weaker-than-expected U.S. private jobs report, while the yen rose to near two-month highs.
Feb 5- Almost a million homes and businesses were without power mostly in the U.S. The hardest hit state was Pennsylvania with over 720,000 customers out. Other affected states were Maryland, Arkansas, New Jersey, West Virginia, Kentucky, Delaware, New York and Ohio.