Money-transfer company Western Union is being probed by the FTC and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing.» Read More
LONDON, March 13- Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale sector.
*Fannie Mae, Freddie Mac shares fall on Senate proposal for wind-down. NEW YORK, March 12- U.S. stocks finished little changed on Wednesday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but shrugged off concern over weakness in China's economy.
*Copper hits near four-year lows. Treasuries prices rose in safe-haven bids on Wednesday on worries over the health of China's economy, which helped fuel strong demand at the U.S. government's 10- year Treasury note auction.
*Herbalife shares tumble on FTC investigation. NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions in Ukraine.
The U.S. Department of Health and Human Services released a report Tuesday with the figures for all states through March 1.
PITTSBURGH-- A first-time mother who says she failed a drug test while in labor because she ate poppy seeds has sued a Pittsburgh hospital, saying officials defamed her and violated her doctor-patient confidentiality by sharing the results with a child welfare agency.
In a rare act of bipartisan unity, dozens of U.S. senators have wheeled into action against what they call an "absurd" European initiative that would force name changes to common cheese varieties produced in the United States.
WASHINGTON, March 11- Four U.S. oil refiners, trying to counter growing calls to lift the nation's ban on most crude oil exports, have launched the first major lobbying effort to keep abundant U.S. oil supplies from being sold overseas.
CHARLESTON, W.Va.-- A bill to regulate the disposal of waste produced by gas-well drilling will likely be introduced by West Virginia Gov. The bill would allow only seven landfills in West Virginia that have already applied to do so to create a separate area on their properties where they could store the waste.
YORK, Pa.-- Bon-Ton Stores announced CEO Brendan Hoffman will step down next year after the department store reported falling profit and sales for the fourth quarter. Like other retailers, Bon-Ton said nasty winter weather kept shoppers away from stores around the crucial holiday season.
PITTSBURGH-- American Eagle Outfitters' fourth-quarter net income tumbled 89 percent as winter storms weighed on sales and the teen retailer booked significant one-time charges, like severance costs.
*China's trade balance swings to deficit. NEW YORK, March 10- U.S. "The backup in yields thus far is going to create decent demand," Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.
Two years after launching its Infinite line of digital comics, Marvel Entertainment said it intends to expand the line's offerings with its first all-ages titles as it moves to attract younger readers familiar with characters like Spider-Man from animated television shows.
A riot of color greeted Oscar-winning director Jonathan Demme the first time he walked into Haitian Corner, an art gallery around the corner from his Manhattan apartment. Instantly transfixed, he left with a $250 painting by Haitian master Wilson Bigaud.
NEW YORK, March 7- It doesn't matter how famous, or how important or how rich the person is- virtually everyone likes to stroll down memory lane and reminisce about their first job, which was usually very menial and extremely low-paid.
PHILADELPHIA-- The city's school district has been accused in a federal lawsuit filed by the Department of Justice of discriminating against an employee who said he couldn't trim his beard for religious reasons.
EWING, N.J.-- The contractor working for New Jersey's largest utility at the site of a town house explosion that killed one resident recently had been fined more than $100,000 by safety regulators for problems at two other sites, but the utility said Wednesday it never had any problems with the construction firm.
Data from the small study of the Sangamo BioSciences therapy, known by the code name SB-728-T, were issued in the New England Journal of Medicine, the first publication of data from a human trial of a technology called "gene editing." The Phase 1 trial, led by the University of Pennsylvania, enrolled 12 HIV patients.
WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal producers, has reached a consent decree to settle a complaint about pollution discharged by coal mines into Appalachian rivers and streams, federal authorities said on Wednesday.
WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal companies, and dozens of subsidiaries have reached a consent decree to settle a complaint about pollution from coal mines, federal authorities said on Wednesday.