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  • WASHINGTON, March 10- Unions plan to make lawmakers' support for trade deals and legislation to streamline the passage of trade agreements through Congress an issue in next year's U.S. elections, the head of the country's largest labor federation said on Tuesday. AFL-CIO President Richard Trumka said unions would keep a tally of how lawmakers voted on upcoming...

  • Senator Marco Rubio, a likely Republican presidential candidate in 2016, on Wednesday unveiled a plan to reduce taxes for multinational corporations and parents, but it would widen federal budget deficits without cuts to popular health and retirement programs. The Florida senator's tax plan, introduced with Utah Republican Senator Mike Lee, would close...

  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • NEW YORK, Feb 27- Billionaire Ira Rennert and his investment firm were ordered on Friday to pay $118.2 million after being found liable for looting a magnesium company to build one of the most expensive mansions in America. A Manhattan federal jury found Rennert and Renco Group Inc liable for breach of fiduciary duty and other claims following a three-week...

  • NEW YORK, Feb 27- Billionaire Ira Rennert and his investment firm were ordered on Friday to pay more than $118 million after being found liable for looting a magnesium company to build one of the most expensive mansions in America. A Manhattan federal jury found Rennert and his Renco Group Inc liable for breach of fiduciary duty and other claims following a...

  • NEW YORK, Feb 22- The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks, bringing it up 26 cents since prices bottomed out after a nine-month slide ended in January, according to the Lundberg survey released on Sunday. "It was dropping dramatically for nine months straight and then it hit bottom, and now it's up 26 cents since...

  • NEW YORK, Feb 19- Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices. This month Citigroup cut its crude price forecasts, saying West Texas Intermediate could go as low as $20 a barrel before...

  • WASHINGTON, Feb 17- A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attorneys said. Formed by the son of a Mexican immigrant in 2009, Estrella TV currently is distributed by Comcast in 16...

  • HOUSTON, Feb 12- Tesoro Corp is confident its refineries in California and Washington can operate with non-union workers for a "very long period of time," as refinery strikes across the nation enter a 12th day, Chief Executive Greg Goff told analysts on Thursday. Talks between the United Steelworkers union, which represents the striking workers and those at 52...

  • ZUEHL, Texas, Feb 6- Texas rancher Jim Rackley would like to add more cattle to his herd of about 50 to take advantage of sizzling beef prices and growing demand from health-conscious consumers for his grass-fed beef. But the prospect of cloudless skies keeps him cautious. "Every time we think we're coming out of the drought, we get hit again,' said Rackley, a former high...

  • Lower gas prices no windfall for these retailers Wednesday, 4 Feb 2015 | 3:02 PM ET
    A customer checks out at a Best Buy in Peoria, Ill.

    As oil prices fall, it becomes harder for energy companies to maintain profitability.

  • Myriad sinks after cutting 2015 forecast Wednesday, 4 Feb 2015 | 12:59 PM ET
    A lab technician at Myriad Genetics in Salt Lake City, Utah.

    Shares of Myriad Genetics plunged a day after the genetic test maker chopped its fiscal year forecast due to reimbursement delays.

  • WILLISTON, N.D., Jan XX- North Dakota's oil industry is pushing to change the state's radioactive waste disposal laws as part of a broad effort to conserve cash as oil prices tumble. That's because rules prohibit North Dakota landfills from accepting anything but miniscule amounts of radiation. But the oil industry says allowing North Dakota's landfills to...

  • Facebook forms virtual-reality film studio Tuesday, 27 Jan 2015 | 9:33 AM ET
    Attendees wait in line to get into the Oculus stand, January 6, 2015 at the Consumer Electronics Show in Las Vegas, Nevada.

    Facebook's Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality films.

  • PARK CITY, Utah, Jan 26- Facebook Inc's Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality films and will show its first short movie at the Sundance Film Festival on Monday, the company said. Tapping talent from both Pixar, the animation studio behind computer graphics imagery films including "Toy Story" and " Monsters Inc,"...

  • More privacy sought for Obama healthcare website Saturday, 24 Jan 2015 | 6:15 AM ET
    HealthCare.gov website seen on Nov. 12, 2014.

    The Obama administration may need to make still more changes to protect consumer privacy on the government's health insurance website.

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • WASHINGTON, Jan 13- Republican and Democratic senators introduced legislation on Tuesday that would make it easier for high-tech firms in the United States to hire more foreign specialists in science, technology and engineering. A bill by Senate Finance Committee Chairman Orrin Hatch of Utah, which is home to some of the companies that would benefit, would...

  • WASHINGTON, Jan 13- Republican and Democratic senators introduced legislation on Tuesday that would make it easier for high-tech firms in the United States to hire more foreign specialists in science, technology and engineering. A bill by Senate Finance Committee Chairman Orrin Hatch of Utah, which is home to some of the companies that would benefit, would...