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  • Obama announces $1B for early childhood education Wednesday, 10 Dec 2014 | 6:09 AM ET

    WASHINGTON— Declaring early childhood education "one of the best investments we can make," President Barack Obama on Wednesday followed up on a promise to expand early education opportunities for tens of thousands of children by announcing $1 billion in public-private spending on programs for young learners. He said the investments announced at a daylong...

  • SAIC tops Street 3Q forecasts Tuesday, 9 Dec 2014 | 7:09 AM ET

    MCLEAN, Va. _ Science Applications International Corp. on Tuesday reported fiscal third-quarter profit of $37 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Analysts expected $967 million, according to Zacks.

  • WASHINGTON, Dec 8- Swiss firm Supreme Foodservice GmbH pleaded guilty on Monday to overcharging the United States for food and bottled water it provided to U.S. armed forces in Afghanistan and will pay $434 million to resolve a series of related cases, according to court documents. The cases were investigated by federal prosecutors and Justice Department...

  • Liberty Tax posts 2Q loss Monday, 8 Dec 2014 | 6:12 AM ET

    VIRGINIA BEACH, Va. _ Liberty Tax Inc. on Monday reported a loss of $11.3 million in its fiscal second quarter. The Virginia Beach, Virginia- based company said it had a loss of 89 cents per share. Liberty Tax shares have increased 54 percent since the beginning of the year.

  • Chamber of Commerce forms its own elite law team Monday, 8 Dec 2014 | 5:32 AM ET

    WASHINGTON, Dec 8- Advocacy groups have long played an important role in Supreme Court litigation, crafting amicus or "friend of the court" briefs in significant cases. But perhaps no other national advocacy organization has so embraced the trend toward Supreme Court specialization as the chief American business lobby, the U.S. Chamber of Commerce.

  • WASHINGTON, Dec 8- About 30 seconds into an appearance before the U.S. Supreme Court this fall, lawyer Paul Clement was interrupted by a question. It came from Justice Elena Kagan, and it cut to the heart of his case. The exchange illustrates the familiarity that distinguishes a handful of lawyers from more than a thousand other attorneys who have appeared before...

  • E-cigarette tech takes off as regulation looms Monday, 8 Dec 2014 | 3:01 AM ET

    "I think it's fair to say that there will always be some degree of a gap between and the latest innovations," Mitch Zeller, director of the U.S. Food and Drug Administration's Center for Tobacco Products, said in a recent interview with The Associated Press. It's unclear how quickly regulation will proceed, but the FDA seems to be taking a deliberate approach.

  • AUSTIN, Texas, Nov 21- The Texas State Board of Education, whose decisions can have national ramifications, on Friday approved nearly 100 textbooks despite criticism the books exaggerated the influence biblical figures had in forming the U.S. system of government. Once textbooks are approved in Texas, they are often sold nationally and used for years in...

  • NORFOLK, Va., Nov 21- A U.S. judge on Friday accepted Credit Suisse's guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution. Credit Suisse agreed to the payout as part of a more than $2.5 billion settlement with several government authorities,...

  • WASHINGTON, Nov 20- President Barack Obama imposed the most sweeping immigration reform in a generation on Thursday, easing the threat of deportation for some 4.7 million undocumented immigrants and setting up a clash with Republicans who vow to fight his moves. In a White House speech, Obama rejected Republican arguments that his decision to bypass Congress...

  • The victim died in a Honda car and at the time the probe focused on the carmaker and Takata Corp, its supplier, and the risk that air bags could rupture, shooting shrapnel into the car. It is not clear what, if any, useful details the material offered by Takata in May 2010 contained or of it would have affected subsequent probes. According to an e-mail exchange between...

  • WASHINGTON, Nov 18- The U.S. Patent and Trademark Office has tightened supervision of patent examiners who work full-time from home, an official said on Tuesday, but critics in Congress questioned whether the office was not going far enough to curb abuse. The estimated 5,000 patent examiners who work from home full time must now be available electronically when...

  • WASHINGTON, Nov 14- Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans' retirement funds after its decision to plead guilty to tax crimes. The U.S. Department of Labor on Friday solicited public input for a Jan. 15 hearing on whether to issue its recommended 10- year exemption for Credit...

  • TIMELINE-Takata air bag recalls Wednesday, 12 Nov 2014 | 10:30 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • *Average hourly earnings rise three cents. WASHINGTON, Nov 7- U.S. job growth increased at a steady clip in October and the unemployment rate fell to a fresh six-year low, underscoring the economy's resilience in the face of slowing global demand. "The report confirms that the U.S. remains the bright spot in a global economic picture filling with clouds," said Michael...

  • UPDATE 1-Insurer James River Group files for IPO Friday, 7 Nov 2014 | 7:23 AM ET

    Nov 7- James River Group Holdings Ltd, a Bermuda- based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw& Co LP's affiliates own 72.6 percent of the insurer's Class A common shares, while Goldman Sachs Group Inc owns 26.3 percent. Keefe Bruyette& Woods, UBS Investment Bank, FBR...

  • Mark Sirangelo, who leads the space division of privately held Sierra Nevada Corp, told industry executives Thursday that he expected the industry to learn from the accidents and urged a measured response by lawmakers. The U.S. Air Force is also working to certify privately held Space Exploration Technologies, or SpaceX, to launch big military and spy...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly profit as a cool summer reduced demand. The company, which also operates in Brazil, Argentina and Chile, said the results were also hurt by lower income from international operations and higher fuel costs. The company sells power to 7.2 million...

  • DIARY - Top economic Events to Nov 18 Tuesday, 4 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks at the "Committing to Financial Stability" before the "Financial Stability after Dodd Frank: Have We Ended Too Big to Fail?" VIRGINIA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Clarifying the Objectives of Monetary Policy" before...

  • Exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, Bats Global Markets and CHX Holdings Inc's Chicago Stock Exchange said they deserve "absolute immunity" because they regulate themselves, and that only the U.S. Securities and Exchange Commission could review the plaintiffs' claims. A co-defendant, Barclays Plc, said the...