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  • Verso Paper shuttering paper mill in Maine Wednesday, 1 Oct 2014 | 6:18 PM ET

    MEMPHIS, Tenn.— Verso Paper said Wednesday that it will shutter a paper mill in Maine that has yet to turn a profit for the maker of coated papers. The Memphis, Tennessee company did not say how many employees at the mill in Bucksport, Maine, would lose their jobs as a result of the closure. "The Bucksport mill unfortunately has not been profitable for a number of years, in...

  • Verso's Bucksport, Maine, paper mill is closing Wednesday, 1 Oct 2014 | 4:48 PM ET

    BUCKSPORT, Maine— Verso is closing the company's Bucksport mill, putting more than 500 people out of work, after company officials concluded that it cannot be made profitable, officials said Wednesday. The Bucksport mill hasn't been profitable for many years, and high energy costs played a role, the company said. Tennessee- based Verso, which owns another mill in...

  • WASHINGTON, Oct 1- Two state Republican parties filed an appeal on Wednesday after a lower court dismissed their complaint against a U.S. Securities and Exchange Commission rule that restricts campaign contributions by asset managers.

  • *Weak Asia, Europe data adds bid for German, U.S. debt. NEW YORK, Oct 1- U.S. Treasuries prices rose on Wednesday after U.S. manufacturing growth unexpectedly slowed, adding to earlier gains seen after worsening factory activity in Europe and Asia increased concerns about faltering global growth.

  • TREASURIES-Yields fall as US manufacturing growth slows Wednesday, 1 Oct 2014 | 10:54 AM ET

    *Weak Asia, Europe data adds bid for German, US debt. NEW YORK, Oct 1- U.S. Treasuries prices rose on Wednesday after U.S. manufacturing growth unexpectedly slowed, adding to earlier concerns about faltering global growth after Europe and Asia saw worsening factory activity.

  • FedEx approves buyback of up to 15M shares Monday, 29 Sep 2014 | 5:13 PM ET

    NEW YORK— FedEx said Monday it approved the repurchase of up to 15 million shares of its stock, which would cost $2.43 billion based on its current share price. Shares of FedEx Corp. are trading at all-time highs and closed at $162.18 on Monday. The Memphis, Tennessee- based company had 283.2 million shares on the market as of Sept. 17.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 3:30 p.m. ET Monday, 29 Sep 2014 | 3:30 PM ET

    FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.

  • DETROIT, Sept 29- The United Auto Workers union and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, Tennessee, a top UAW official said on Monday.

  • DETROIT, Sept 29- The United Auto Workers union and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, Tennessee, a newspaper reported late on Sunday.

  • Macy's to hire 86,000 workers for holiday season Monday, 29 Sep 2014 | 8:42 AM ET

    Sept 29- Department store operator Macy's Inc said it planned to hire about 86,000 workers for the holiday shopping season, up from about 83,000 last year.

  • Boston City Council members weigh $25K pay raise Monday, 29 Sep 2014 | 3:31 AM ET

    BOSTON— Boston City Council members kicked off a discussion Monday on possibly giving themselves each a $25,000 raise to bring their salaries more in line with their counterparts in New York and other major U.S. cities, even as questions arise over whether the proposal violates Massachusetts law.

  • Refugees settle in thanks to small farm plots Saturday, 27 Sep 2014 | 11:59 AM ET

    DES MOINES, Iowa— The rapidly rising demand for locally grown fruits and vegetables has created a robust new market for refugees who fled violence in their home countries and found peace in farming small plots of land in several U.S. cities.

  • *Pimco CIO Bill Gross joins Janus Capital. Treasuries prices dipped Friday on news that Pimco Chief Investment Officer Bill Gross is joining rival Janus Capital Group, which spurred concerns Pimco may have to sell Treasuries if investor redemptions at the firm increase.

  • Daimler works council to meet UAW union in Alabama Friday, 26 Sep 2014 | 12:34 PM ET

    FRANKFURT/ DETROIT, Sept 26- Daimler's works council boss will travel to the carmaker's factory in Alabama, United States, to explore possibilities for improving worker representation at a plant that is a key target for the United Auto Workers union.

  • Sept 25- Advisory firms Glass, Lewis& Co and Institutional Shareholder Services each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12- director slate, which would oust the embattled company's full board.

  • At a glance: Gasoline prices by state Thursday, 25 Sep 2014 | 4:56 PM ET

    The usual autumn decline of the price of gasoline is getting an assist from lower global oil prices. Up to 30 states could see an average price below $3 a gallon by the end of the year. Source: AAA, OPIS and Wright Express.

  • Fed's Lockhart says inflation risk still low Thursday, 25 Sep 2014 | 1:21 PM ET

    JACKSON, Miss.— Atlanta Federal Reserve President Dennis Lockhart said Thursday that he has increasing confidence in the economy but still wants to see more data to prove that growth is on a sustainable path before raising interest rates, saying he doesn't expect rates to rise until mid-2015 or later.

  • NEW YORK, Sept 25- Long-dated U.S. The Commerce Department said durable goods orders, for items ranging from toasters to aircraft that are meant to last three years or more, dropped 18.2 percent in August, the largest decline since the series started in 1992..

  • Mercedes labor chief seeks UAW foothold in Alabama Tuesday, 23 Sep 2014 | 5:32 PM ET

    The head labor official on Daimler AG's supervisory board says he considers it "unacceptable" that the German automaker's Mercedes plant in Alabama stands alone among the company's factories around the world without union representation for its workers.

  • Ban sought on children working on tobacco farms Tuesday, 23 Sep 2014 | 2:57 PM ET

    David Cicilline, D- R.I., and Matt Cartwright, D- Pa., made their plea in a letter to Labor Secretary Thomas Perez. The lawmakers cited a Human Rights Watch report issued in May which said nearly three-quarters of the children it interviewed reported vomiting, nausea and headaches while working on tobacco farms.