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  • WASHINGTON— The Senate appeared headed for early Saturday morning votes on whether to change the way the National Security Agency handles American calling records, raising the possibility of a halt to that collection program and two less controversial surveillance techniques designed to track spies and terrorists. With the House already gone for a 10- day...

  • SANTA BARBARA, May 21- Cleanup crews labored through a third day to scoop up patches of crude oil from a pipeline spill that closed two California state beaches and fouled offshore waters, shattering an environmental balance that U.S. Coast Guard officials said on Thursday may take months to restore. Up to 2,500 barrels of petroleum, according to latest...

  • House lawmaker issues subpoena to Fed in leak probe Thursday, 21 May 2015 | 6:40 PM ET

    Jeb Hensarling, the Texas Republican who heads the House Financial Services Committee, announced Thursday he had issued a subpoena to the Fed. The Fed inspector general, which is an independent watchdog, and the Justice Department have been investigating the matter. Fed Chair Janet Yellen disclosed earlier this month that she met once in 2012 with Regina...

  • WASHINGTON, May 21- The chairman of a U.S. congressional committee on Thursday subpoenaed Federal Reserve documents and communications related to a 2012 leak of information related to monetary policy, ramping up his attack of the central bank's handling of the case. Republican Jeb Hensarling of Texas, who chairs the U.S. House of Representatives Financial...

  • WASHINGTON, May 21- The U.S. Federal Reserve did an about-face on Thursday and proposed allowing banks to count certain municipal bonds as liquid assets in order to comply with new rules designed to ensure banks can survive a cash crunch. The rule change will not apply only to banks regulated by the Federal Reserve that have $250 billion or more in total...

  • Listeria: FDA finds problems at Ohio ice cream plant Thursday, 21 May 2015 | 11:32 AM ET

    WASHINGTON— A government investigation of Ohio- based Jeni's Splendid Ice Creams found inadequate testing and cleaning in its Columbus plant that had become contaminated with listeria. The Jeni's recall came as Texas- based Blue Bell Creameries also shut down and recalled all products after listeria in its products was linked to three deaths.

  • Amazon adds one-hour store delivery in New York City Thursday, 21 May 2015 | 9:30 AM ET

    NEW YORK— Amazon will begin offering one-hour delivery from local stores in New York City as competition in the delivery arena increases. The service, offered in the city's Manhattan borough, is part of Amazon's Prime Now delivery service and will initially include grocery chains D'Agostino and Gourmet Garage and bakery Billy's Bakery, with Italian food...

  • GOLETA, Calif.— The latest oil spill on the Santa Barbara coast is just a drop in the bucket compared with the area's catastrophic blowout in 1969, but it has become a new rallying point for environmentalists in their battle against drilling and fossil fuels. Nevertheless, the new spill from a ruptured underground pipe is being held up as another reason to oppose...

  • NEW YORK, May 21- Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. More mass-market retailers want niche brands that shoppers view as healthier to drive traffic in stores, particularly as they face rising competition from natural food and specialty chains like Whole Foods Market Inc..

  • With the Senate expected to vote as soon as Friday, Burr predicted the House bill would fail to break the 60- vote threshold needed to end debate, and he envisioned the same fate for a two-month extension of current law proposed by Senate leaders. As a compromise, he predicted, the leadership would propose that the Senate vote Friday to extend current law between 5...

  • Renters appear more satisfied in many pricey US cities Thursday, 21 May 2015 | 12:02 AM ET

    WASHINGTON— High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit. The finding comes from a survey released Thursday by Apartment List, a San Francisco- based...

  • House passes bill to make research tax break permanent Wednesday, 20 May 2015 | 7:19 PM ET

    The tax credit is part of a package of more than 50 temporary tax breaks that routinely expires every year or two, only to be renewed by Congress. The House passed the bill by a vote of 274-145. It now goes to the Senate. The White House threatened to veto the bill because it would add $182 billion to the budget deficit over the next decade.

  • U.S. airlines ramp up competition, capacity in Dallas Wednesday, 20 May 2015 | 6:45 PM ET

    May 20- The shares of U.S. airlines plunged on Wednesday on concerns that several big carriers are gearing up for a fare war, with Dallas as ground zero. Southwest said the acquisition of two airport gates at its Dallas Love Field hub will contribute to the increase. American Airlines Group Inc President Scott Kirby said during a transportation conference on...

  • Bristow misses 4Q profit forecasts Wednesday, 20 May 2015 | 5:24 PM ET

    HOUSTON _ Bristow Group Inc. on Wednesday reported fiscal fourth-quarter earnings of $15.1 million. The Houston- based company said it had profit of 43 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

  • NEW YORK, May 20- JetBlue Airways Corp believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be dismissed. "There is absolutely nothing JetBlue could have done to prevent the unforeseeable and scary events" caused by Clayton Osbon's erratic...

  • UPDATE 1-U.S. judge rules RadioShack IP auction was fair Wednesday, 20 May 2015 | 4:13 PM ET

    May 20- A U.S. bankruptcy judge on Wednesday cleared the way for RadioShack Corp to sell its brand name and customer data to a Standard General affiliate for about $26 million, rejecting a competing bidder's claim that the auction process was unfair. Those matters were the last major hurdles to the bankrupt electronics chain's plan to sell its intellectual...

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...

  • May 20- The Dow and S&P 500 pushed into record high territory on Wednesday after Wall Street saw little in the minutes from last month's Federal Reserve meeting to change expectations of when the central bank will raise interest rates. "We have been in this sweet spot where the labor market has been strong, which implies the economy is doing well or at least people...

  • WASHINGTON— The U.S. energy drilling boom that took off in 2008 fueled economic growth and boosted hiring, at least through the end of last year. Yet production was thrown into reverse by a plunge in oil prices— from about $110 a barrel last summer to $50 in January. The United States is now the world's largest combined producer of oil and natural gas.

  • WILMINGTON, Del.— A Delaware bankruptcy judge on Wednesday refused to reopen a disputed auction for the sale of RadioShack's intellectual property, including trademarks and data on some 67 million customers of the electronics retailer. While certain issues remain to be resolved, Shannon said he was prepared to approve the sale of the RadioShack brand and...