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  • With Democrats controlling the Senate since the 2008 financial crisis, the bank and its supporters have had the luxury of shrugging off Fed-related laws from the Republican-controlled House of Representatives.

  • Airlines give upbeat view of revenue trends Wednesday, 9 Jul 2014 | 6:26 PM ET

    American, United and Southwest indicated that a key revenue figure was higher than in the same period last year, and American also raised its forecast for profit margin in the second quarter. Cowen and Co. analyst Helane Becker said the new margin forecast "provides further evidence that was a very strong quarter for the airlines."

  • WASHINGTON, July 9- An oil industry lobbying group on Wednesday unveiled voluntary standards aimed at tamping down concerns about the oil and gas production process known as horizontal drilling, or fracking, in communities around the United States.

  • WASHINGTON, July 9- The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector.

  • Top Senate Democrat blocks votes on gun proposals Wednesday, 9 Jul 2014 | 2:42 PM ET

    The Nevada Democrat used Senate procedures to prevent votes on any amendments to a bipartisan measure expanding hunters' access to public lands and renewing land conservation programs.

  • Ranchers taking advantage of USDA disaster program Wednesday, 9 Jul 2014 | 2:05 PM ET

    WASHINGTON— Farmers and ranchers who suffered heavy livestock and grazing losses over the last three years due to extreme weather have been quick to take advantage of newly available disaster relief funds, the U.S. Department of Agriculture said Wednesday.

  • Fidelity cutting jobs at facilities in 2 states Wednesday, 9 Jul 2014 | 1:01 PM ET

    COVINGTON, Ky.— A Fidelity Investments spokeswoman says the company plans to cut more than 400 jobs in Kentucky and Texas. Spokeswoman Tara Peak said in a statement that the company has decided to outsource work currently done at its printing and mailing operations in Covington, Kentucky, and Grapevine, Texas.

  • U.S. SENATE CONFIRMS SAN ANTONIO, TEXAS MAYOR JULIAN CASTRO AS HOUSING AND URBAN DEVELOPMENT SECRETARY.

  • Southwest fills more seats, revenue figure rises Wednesday, 9 Jul 2014 | 10:51 AM ET

    DALLAS— Southwest Airlines Co. said Wednesday that a key revenue figure rose sharply in June, which hinted that the carrier was able to charge higher average fares at the start of the summer travel season.

  • American, US Airways June passenger traffic rises Wednesday, 9 Jul 2014 | 10:08 AM ET

    FORT WORTH, Texas— The parent company of American Airlines and US Airways said Wednesday that June passenger traffic rose 1 percent from the same month a year ago and said it expects passenger revenue to rise in its second quarter.

  • Obama presses Congress to consent on border money Wednesday, 9 Jul 2014 | 10:03 AM ET

    WASHINGTON— Tens of thousands of children streaming from chaotic Central American nations to the U.S. border have overwhelmed the government's ability to respond, senior administration officials said Wednesday as President Barack Obama urged Congress to move swiftly to approve emergency spending request for the crisis.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • Sigourney Weaver reprises 'Alien' role in new game Wednesday, 9 Jul 2014 | 8:16 AM ET

    BEVERLY HILLS, Calif.— Sigourney Weaver and the cast of "Alien" are virtually returning to the starship Nostromo. The actress who portrayed unflappable officer Ellen Ripley in the "Alien" film franchise is reprising her role in "Alien: Isolation," an upcoming video game set after the events of the original 1979 film.

  • Visitors wait 5 hours for Harry Potter ride Wednesday, 9 Jul 2014 | 7:05 AM ET

    ORLANDO, Fla.— You might need a magic wand to get on the new Harry Potter ride at Universal Orlando Resort. For a second day in a row, visitors waited up to five hours to get on the ride, Harry Potter and the Escape from Gringotts, located in the new Diagon Alley section of Universal Studios.

  • Tenet adds Saint Mary's to acquisition plans Wednesday, 9 Jul 2014 | 5:20 AM ET

    WATERBURY, Conn.— Tenet Healthcare, which already is seeking to purchase a majority share of Waterbury Hospital, has announced plans to acquire Saint Mary's Hospital as well. Chad Wable, Saint Mary's president, tells the Republican-American newspaper the two hospitals would remain independent, but would share resources and services.

  • US students in middle of pack on financial knowhow Wednesday, 9 Jul 2014 | 4:02 AM ET

    WASHINGTON— In an increasingly global economy, just 1 in 10 teenagers around the world is able to make some key— but complex— financial decisions, including choosing among various loans or analyzing invoices and pay slips.

  • Business Highlights Tuesday, 8 Jul 2014 | 6:12 PM ET

    Bay Area preps for showdown. WASHINGTON— If two of the most progressive U.S. cities don't pass a tax on sugary drinks, will the idea finally fizzle out?

  • The agreements, which involve companies and research institutions, were signed in Beijing ahead of a two-day visit to China by top Obama administration officials including Secretary of State John Kerry, Treasury Secretary Jack Lew and Energy Secretary Ernest Moniz.

  • 'Free the weed': Scenes from Washington pot sales Tuesday, 8 Jul 2014 | 4:16 PM ET

    As employees worked frantically to prepare the shelves and assess their inventory at Top Shelf Cannabis in Bellingham, Washington, 22- year-old Zoe Wainwright was among the dozens in line early Tuesday waiting for legal marijuana sales to begin.

  • American's CEO says demand for travel still bright Tuesday, 8 Jul 2014 | 1:49 PM ET

    FORT WORTH, Texas— The CEO of American Airlines says travel demand is still strong and he is not worried about airlines adding so many flights that they will drive down prices. American Airlines Group Inc. CEO Doug Parker said Tuesday that airlines can charge profitable fares even as they add seats, which is different than in past years, when they were losing money.