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  • 3 Reasons holiday shoppers will spend cautiously Wednesday, 26 Nov 2014 | 7:01 AM ET

    NEW YORK— Falling gas prices. "Retail therapy is out the window for most Americans," said Ken Perkins, president of RetailMetrics LLC, a research firm. In fact, the National Retail Federation forecasts holiday sales will grow 4.1 percent to $616.9 billion— the highest increase since 2011. But retailers already have had to resort to discounting to get shoppers into...

  • Black Friday gun buys test background check system Wednesday, 26 Nov 2014 | 4:38 AM ET

    "We have a perfect storm coming," says Kimberly Del Greco, a manager in the FBI division that helps run the system, known as NICS. Much of the responsibility for preventing criminals and the mentally ill from buying guns is shouldered by about 500 men and women who run the system from inside the FBI's criminal justice center, a grey office building with concrete walls...

  • In Britain, US turkey dinner is big for business Wednesday, 26 Nov 2014 | 4:05 AM ET

    Thanksgiving isn't a holiday in Britain, but you might be forgiven for being fooled. That's because there are so many Americans in Britain these days that dozens of businesses have started selling the goods they need to celebrate. Greg Klaes, a Detroit native who used to teach science on U.S. military base schools, started growing pumpkins 30 years ago so his...

  • AP sources: EPA to propose stricter smog standard Tuesday, 25 Nov 2014 | 8:38 PM ET

    The stricter standard makes good on a pledge President Barack Obama made during his first campaign for the White House and one of his first environmental actions as president: reversing a decision by President George W. Bush to set a limit weaker than scientists advised. The initial range of 60 to 70 parts per billion proposed by the EPA in January 2010 would make...

  • NEW YORK, Nov 25- Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with no deal to curb crude output. Saudi Oil Minister Ali al-Naimi held talks with officials from Venezuela, Russia and Mexico in Vienna before Thursday's summit of the Organization...

  • Oil prices are already down about 30 percent since June, and with little consensus about the likely outcome from a meeting of ministers from the Organization of the Petroleum Exporting Countries meeting on Nov. 27, a snap back seems unlikely and a further trend decline very possible. This is an unusual oil price fall, and one which is more about a structural change...

  • High court to review EPA mercury limits Tuesday, 25 Nov 2014 | 1:53 PM ET

    One judge on the appeals court complained then that the EPA didn't consider costs in deciding whether regulation of hazardous air pollutants from power plants is appropriate. "The problem here is that EPA did not even consider the costs," wrote Judge Brett Kavanaugh of the U.S. Circuit Court of Appeals for the District of Columbia. EPA determined that when the...

  • *Losses pared after WSJ reports OPEC may agree on cut. NEW YORK, Nov 25- Oil prices tumbled to near four-year lows before paring some losses on Tuesday as the market was hit with conflicting signals on whether OPEC will agree to curb output at its meeting this week. Crude prices reversed early gains and fell more than $1 a barrel after a meeting in Vienna on Tuesday...

  • "Improved crop yields have allowed cattle producers to feed cattle longer and to hold cattle for expansion," USDA said. The USDA maintained its forecast for a pork price increase of 8 percent but now sees 2015 prices rising by 5 percent, up from 3.5 percent last month. "Extremely favorable livestock producer margins will lead to greater expansion in the production...

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...

  • Gas prices drop across Texas amid busy travel time Tuesday, 25 Nov 2014 | 12:53 PM ET

    IRVING, Texas— Retail gasoline prices across Texas have dropped again as motorists take to the road for the Thanksgiving holiday. AAA Texas on Tuesday reported the statewide average for unleaded this week has settled at $2.60, down from $2.66 last week. The most expensive gasoline in Texas was in Beaumont, where motorists are paying an average $2.63 a gallon.

  • Facing health law hikes, consumers mull options Tuesday, 25 Nov 2014 | 11:32 AM ET

    WASHINGTON— Consumers across most of America will see their health insurance premiums go up next year for popular plans under President Barack Obama's health care law. Scott Joens of St. George, Utah, said he and his wife are facing premium increases of about 18 percent for 2015. But instead of agonizing, he's looking for a plan with a higher deductible, which is the...

  • Nurse who had Ebola asks bridal shop for refunds Tuesday, 25 Nov 2014 | 9:17 AM ET

    AKRON, Ohio— A Dallas nurse who was diagnosed with Ebola is requesting refunds from the Ohio bridal shop she visited, but the store says the reimbursements aren't feasible because it had to temporarily close and lost significant business. Amber Vinson's Dallas attorney asked that Coming Attractions Bridal& Formal refund $480 in dress payments by several of...

  • Searching for authenticity on my first cruise Tuesday, 25 Nov 2014 | 9:07 AM ET

    ABOARD QUANTUM OF THE SEAS— I am the cruise industry's biggest problem: the avid traveler who is reluctant to sail. I've been lucky enough to have hiked glaciers in Iceland, visited ancient ruins in Cambodia and seen one of the world's largest waterfalls in Argentina. I just wanted to do other things with my precious vacation days— take a late-night stroll through...

  • US home price gains slow for 10th straight month Tuesday, 25 Nov 2014 | 9:05 AM ET

    WASHINGTON— U.S. home prices rose in September at the slowest pace in more than two years, reflecting modest sales gains and a rising number of available homes. The Standard& Poor's/Case-Shiller 20- city home price index, released Tuesday, increased 4.9 percent in September from 12 months earlier. But that's down from 5.6 percent in August and the smallest gain...

  • DIARY - Top Economic Events to Dec 8 Monday, 24 Nov 2014 | 7:01 PM ET

    TOKYO- Europlace Financial Forum in Tokyo. Banque de France Governor Christian Noyer, French Economy Minister Emmanuel Macron and Bank of Japan Deputy Governor Hiroshi Nakaso to attend. SYDNEY- RBA Deputy Governor Philip Lowe speaks at the Annual Australian Business Economists Conference dinner in Sydney- 0905 GMT.

  • Copart beats 1Q profit forecasts Monday, 24 Nov 2014 | 6:36 PM ET

    DALLAS _ Copart Inc. on Monday reported earnings of $52.6 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Analysts expected $293.5 million, according to Zacks.

  • Woman cleared in fatal car wreck after GM letter Monday, 24 Nov 2014 | 3:05 PM ET

    HOUSTON— A Texas judge cleared a woman Monday for a car accident that killed her fiance in 2004, after General Motors acknowledged that her car would have been among millions being recalled for a problem that may have contributed to the death. Candice Anderson was driving a 2004 Saturn Ion when it suddenly veered off a road about 60 miles east of Dallas and...

  • GOP wisdom shifts on immigration Monday, 24 Nov 2014 | 2:05 PM ET

    Less than two years ago, party leaders solemnly declared after an exhaustive study that the GOP "must embrace and champion comprehensive immigration reform." Scott Walker, who is considering a 2016 White House bid, said alongside nodding colleagues at the Republican Governors Association annual conference in Florida. Having claimed the Senate majority in...

  • NEW YORK, Nov 24- A Texas judge on Monday overturned the conviction of a woman who pleaded guilty to causing a fatal crash that killed her fiancé that was later linked to a faulty switch in the General Motors Co car she was driving, according to her lawyer. Van Zandt County District Judge Teresa Drum granted a petition from Candice Anderson to vacate her conviction...