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  • YOUR MONEY-Auto insurance loyalty can cost you Thursday, 25 Jun 2015 | 9:00 AM ET

    June 25- When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41- year-old lawyer from Elk Grove, California switched to a new company. The Texas Office of Public Insurance Counsel did a study showing that a consumer who has stuck with the same auto insurer for eight years could reduce the premium by 19 percent by...

  • UPDATE 2-Oracle sales, profit miss estimates; shares fall Wednesday, 17 Jun 2015 | 5:02 PM ET

    June 17- Oracle Corp's quarterly profit and revenue fell short of analysts' estimates, as weak sales of its traditional database software licenses were made worse by a strong U.S. dollar that lowered the value of foreign sales. Shares of Microsoft Corp and Salesforce.com, two of Oracle's closest rivals, were close to unchanged. "This was an ugly print and speaks to...

  • June 17- Stephen Elop, the former top boss at phone-maker Nokia, is one of four high-level executives leaving Microsoft Corp as the company hones its focus on software services and the cloud, Chief Executive Satya Nadella announced on Wednesday. The departure of Elop, whose Devices group will be rolled into Microsoft's Windows unit, signals a shift of emphasis...

  • June 16- Amazon Inc is developing a mobile application that would pay ordinary people, rather than courier companies, to deliver packages en route to other destinations, the Wall Street Journal reported on Tuesday. The company's timing for the service, known internally as "On My Way", could not be learned, the Journal reported. Shipping costs at the Seattle- based...

  • U.S. lets Delta Air Lines keep Seattle-Haneda route Monday, 15 Jun 2015 | 2:44 PM ET

    WASHINGTON, June 15- The U.S. Transportation Department said on Monday it had finalized a decision to let Delta Air Lines keep a route between Seattle and Tokyo's Haneda airport. It said the decision, which finalized a tentative determination made in March, was subject to conditions aimed at ensuring Delta maintained a daily service in the Seattle market...

  • DOT SAYS DECISION ON DELTA SEATTLE- HANEDA SERVICE SUBJECT TO CONDITIONS TO ENSURE DELTA MAINTAINS DAILY SERVICE IN SEATTLE MARKET YEAR-ROUND.

  • TRANSPORTATION DEPARTMENT SAYS FINALIZED DECISION TO LET DELTA AIR LINES RETAIN AUTHORITY TO PROVIDE DAILY SERVICE BETWEEN SEATTLE AND TOKYO'S HANEDA AIRPORT.

  • SEATTLE, June 15- A Royal Dutch Shell PLC drilling rig that will search for oil in the Arctic pulled out of its temporary base in Seattle on Monday for the trip north to Alaska as dozens of activists in kayaks tried to stop its movement, authorities said. Greenpeace USA said the kayaks had slowed the rig's progress and that 13 protesters had been detained by the Coast...

  • LOS ANGELES, June 13- Los Angeles Mayor Eric Garcetti on Saturday signed a law hiking the city's minimum wage from $9 an hour to $15 by 2020, an increase that will affect hundreds of thousands of workers. The Los Angeles City Council approved the wage hike in May with a 14-1 vote. The law requires businesses with 25 or more employees to increase pay for minimum wage...

  • NEW YORK, June 10- Emirates airline sees an opportunity to increase direct flights from Europe to cities other than its Dubai hub, but its chief executive said he is concerned about harming struggling European carriers. "We're just concluding our performance assessments," of the Airbus and Boeing aircraft, Clark said in an interview following a speech in New York.

  • LOS ANGELES, June 10- The Los Angeles City Council on Wednesday gave final approval to an ordinance raising the minimum wage in America's second-largest city to $15 an hour by 2020 from the current $9. The measure, which still must be signed into law by Mayor Eric Garcetti, would require businesses with more than 25 employees to gradually increase wages to meet a...

  • NEW YORK/ MEXICO CITY, June 9- Almost a year after Mexico opened its energy market to private investors, North American firms are rushing south to decide which pipeline or power plant to invest in. Though the money tap could eventually open, given the promise afforded by Mexican natural gas, oil and renewable energy projects, some of the reluctance to ink deals may be...

  • June 5- Daniel Doctoroff, the former chief executive of news and data provider Bloomberg LP, has launched a bid to buy Titan Outdoor, a company that provides outdoor advertising on buses in U.S. cities, according to three people familiar with the matter. Doctoroff, who left Bloomberg last year, has partnered with a private equity firm in an effort to buy Titan, which...

  • NEW YORK, June 4- The U.S. hotel industry is on a roll, enjoying its best performance since the booming 1990 s, but New York City has come off the boil, suggesting higher occupancy and room rates may have peaked in the No. 1 American tourism destination. Before the financial crisis New York had a supply deficit, keeping hotel rates and occupancies in Manhattan high, said...

  • June 4- Delta Air Lines Inc on Thursday said its operating profit margin this quarter could be lower than it expected as the U.S. airline industry wrestles with slightly weaker U.S. demand and with oil prices inching up. Delta's shares fell more than 1 percent while United's tumbled more than 2 percent after Compton said United was pricing competitively to...

  • SAN FRANCISCO, June 4- Seattle- based Madrona Venture Group said it has raised $300 million for a new fund, its sixth, drawing on the growing start-up community in the backyard it shares with Amazon.com Inc and Microsoft Corp.. Those entrepreneurs benefit from Amazon's and Microsoft's diversification beyond their narrow beginnings. "If you go back certainly 10...

  • Last week, reports revealed one duodenoscope manufacturer, Olympus Corp, was being investigated by the federal agency, but the broader reach of the investigation, including subpoenas to other makers including Fujifilm Holdings Corp and Pentax Medical, a unit of Ricoh, has not been reported previously, the newspaper said. Reuters was not able to immediately...

  • LOS ANGELES, June 3- The Los Angeles City Council gave a second nod of approval on Wednesday to a proposal to increase the minimum wage in the nation's second-largest city to $15 an hour by 2020 from the current $9, but the measure must still come back for another vote, officials said. But because the latest vote was not unanimous, the matter must come back for a final...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • June 2- AstraZeneca Plc would consider acquiring a developer of a new type of cancer therapy aimed at supercharging the body's immune response, Bloomberg quoted Chief Executive Pascal Soriot as saying on Tuesday. An earlier version of the Bloomberg article quoted Soriot as saying that AstraZeneca would consider buying a company such as Juno Therapeutics...