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  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...

  • Revel sale put on hold while nightclub appeals terms Saturday, 31 Jan 2015 | 10:07 AM ET

    Third U.S. Circuit Court of Appeals Judge Thomas Ambro, based in Philadelphia, ruled late Friday that Revel has until 4 p.m. Tuesday to respond to the appeal from IDEA Boardwalk of a federal judge's decision. IDEA Boardwalk and other former Revel tenants asked U.S. District Court Judge Jerome Simandle to delay the sale but he denied the request Jan. 21, saying that...

  • Jan 30- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with...

  • 5 groups vying for Massachusetts' final casino license Friday, 30 Jan 2015 | 12:32 PM ET

    BOSTON— The competition for Massachusetts' final casino license, reserved for the state's southeast region, is slowly coming into focus, as state regulators announced on Friday that Mass Gaming& Entertainment had met the application deadline. The company, an affiliate of Chicago- based Rush Street Gaming, joins New York- based KG Urban Enterprises, as potential...

  • HARRISBURG, Pa.— The state Public Utility Commission has given ride-sharing service Uber a two-year experimental license to operate anywhere in the state except Philadelphia, where it has been operating despite a local ban. Questions about whose insurance would cover accidents have been among several dogging the non-traditional ride service, which at...

  • PHILADELPHIA— President Barack Obama is trying to cheer up House Democrats, urging them to keep battling for middle-class families even as they trumpet brighter news about jobs, energy production and other economic milestones. They need better messaging, not changes in policy, to win elections again, the Democrats said Thursday as they huddled in...

  • WASHINGTON, Jan 29- President Barack Obama will call for a 7 percent rise in U.S. domestic and military spending in his budget that would end caps known as' sequestration,' the White House said on Thursday, setting up a new source of conflict with Republicans in Congress. The White House rejects that criticism and hopes Obama can find common ground with lawmakers...

  • PHILADELPHIA— Better messaging, not changes in policy, is the key to winning elections again, House Democrats said Thursday as they huddled in Philadelphia to talk strategy. This time, they're counting on Obama's rising popularity— and fading headlines on Ebola and terrorist beheadings— to help persuade voters they'd be better off with a Congress run by...

  • Senate passes bill approving Keystone XL oil pipeline Thursday, 29 Jan 2015 | 10:40 AM ET

    WASHINGTON— The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the first time the Senate...

  • HARRISBURG, Pa.— Fulfilling a campaign pledge, Gov. Tom Wolf on Thursday signed an order Thursday banning new drilling leases on public land, ending a short-lived effort by his Republican predecessor to expand the extraction of natural gas from rock buried deep beneath state parks and forests. The new Democratic governor signed the executive order before a...

  • Obama to seek to bust US spending limits by $74 billion Thursday, 29 Jan 2015 | 6:01 AM ET

    WASHINGTON— Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping spending cuts both parties agreed to four years ago when deficits were spiraling out of control. "If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our...

  • WASHINGTON, Jan 29- President Barack Obama's budget will call for an increase in domestic and military spending that would end spending caps known as "sequestration," a White House official said, setting up a new source of conflict with Republicans in Congress. The fiscal 2016 budget, which the White House intends to unveil on Monday, would fund a host of programs...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • The suburban Philadelphia- based chain says Wednesday it's contracting with a Middle East food executive to open 46 stores in the next decade in Turkey, Egypt, Saudi Arabia and five other Arab nations. Rita's contractor Faysal Younes, who formerly worked with Starbucks, says the Middle East's warm climate makes it a natural market for Rita's sweet, frozen...

  • New England digs out from massive blizzard Wednesday, 28 Jan 2015 | 9:32 AM ET

    In Massachusetts, which was hit particularly hard, a record-breaking 34.5 inches of snow fell in Worcester, and the 24.4 inches at Boston's Logan International Airport approached record proportions, NWS officials said. Boston- area trains, buses and subways were set to resume normal service, although delays were predicted for the morning commute.

  • WASHINGTON— As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows. The stronger dollar makes foreign goods cheaper in the United States. The statement that Chair Janet Yellen and her colleagues will issue after the meeting...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding, but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • New York was spared the worst of the blizzard, but Boston was hit with more than two feet of snow. United Airlines canceled all flights through Wednesday in Boston and other New England airports, said spokeswoman Mary Ryan. JetBlue Airways had already canceled 190 flights for Wednesday, mostly in Boston and elsewhere in New England.