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  • NEW YORK, May 5- JPMorgan Chase& Co said on Tuesday it is in "advanced stages" of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading. The company gave the description of the talks in a quarterly filing with the U.S. Securities and Exchange Commission on Tuesday.

  • Advisory Board reports 1Q loss Tuesday, 5 May 2015 | 4:51 PM ET

    WASHINGTON _ The Advisory Board Co. on Tuesday reported a loss of $23.7 million in its first quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Advisory Board expects full-year earnings in the range of $1.30 to $1.43 per share.

  • Business events scheduled for Wednesday Tuesday, 5 May 2015 | 4:36 PM ET

    WASHINGTON— Labor Department releases first-quarter productivity data, 8:30 a.m. Eastern. Tesla Motors Inc. reports quarterly financial results after the market closes. Whole Foods Market Inc. reports quarterly financial results after the market closes.

  • *India to build port in Iran to get more trade with CIS and Gulf. NEW DELHI, May 5- India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran. India and Iran agreed in 2003 to develop a...

  • Figures on government spending and debt Tuesday, 5 May 2015 | 4:13 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Harry Reid of Nevada reminded reporters in the Capitol that he consistently has opposed President Barack Obama's bid for "fast track" authority on trade negotiations. Under fast track— which, in a partisan twist, congressional Republicans generally support, and Democrats generally oppose— presidents can submit trade deals that Congress can endorse or kill,...

  • WASHINGTON— The head of the U.S. Forest Service warned Tuesday of an "above average" fire season that could cost the agency more than $1 billion and require shifting funds from programs designed to prevent wildfires. The Forest Service and the Department of Interior can transfer money from other programs once their fire suppressions accounts have been...

  • EPA is attempting to "force states into shuttering coal-fired power plants" in an effort to drive the nation away from fossil fuels and other traditional sources of energy, Pruitt said. Oklahoma and West Virginia are among 15 coal-reliant states that are suing the EPA to block the so-called "Clean Power Plan," which would require states to cut carbon dioxide...

  • RIYADH, Saudi Arabia— French President Francois Hollande vowed to defend Gulf Arab allies as he announced Tuesday that his country is in talks with Saudi Arabia for business deals worth tens of billions of euros. Hollande made the remarks after a ceremonial meeting in Saudi Arabia's capital, Riyadh, with the heads of state of the six energy-rich countries of the...

  • WASHINGTON— The IRS issued $5.6 billion in potentially bogus education tax credits in a single year— more than a quarter of all education credits claimed by taxpayers, a government watchdog said Tuesday. A new report by the agency's inspector general says questionable credits were issued to more than 3.6 million taxpayers in 2012. Most of them went to students...

  • Washington Health System officials said they expect to close the purchase July 1 but declined to disclose details of the deal for the 49- bed Southwest Regional Medical Center. Washington Health officials said they plan to continue services at Southwest Regional and honor existing union contracts. Gary Weinstein, CEO of Washington Health, said WHS named...

  • *Greece debt talks hit snags. NEW YORK, May 5- The dollar fell from three-week highs against the yen and one-week peaks versus the euro as a mixed batch of U.S. economic data added to uncertainty about the pace of future interest rate increases. The euro recovered from one-week lows to trade 0.4 percent higher at $1.1187, disregarding a report that said the...

  • Sheikh Ahmed bin Saeed Al Maktoum, Emirates' chairman and CEO, said in an interview that several American cities have asked Emirates to launch routes connecting them with its ever-expanding hub in Dubai. He declined to name the potential destinations, citing competitive reasons and confidentiality agreements, but said the Dubai government-backed carrier...

  • Growth in US services firms picked up speed last month Tuesday, 5 May 2015 | 10:14 AM ET

    WASHINGTON— U.S. service firms' growth accelerated in April, fueled by more orders, rising sales and an uptick in hiring. The Institute for Supply Management said Tuesday that its services index rose to 57.8 in April from 56.5 in March. "The data still suggest a solid trend in overall growth as well as in employment," Jim O'Sullivan, an economist at High Frequency...

  • WASHINGTON— US service firms grew at a faster pace in April, driven by more orders, uptick in hiring.

  • WASHINGTON— The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter. The deficit rose to $51.4 billion, the largest trade gap since October 2008 and more than 43 percent higher than in February, the Commerce Department reported Tuesday.

  • WASHINGTON— Mortgage giant Freddie Mac reported net income of $524 million for the first quarter, down sharply from the same period of 2014, as it sustained losses on the investments it uses to hedge against swings in interest rates. Freddie, based in McLean, Virginia, also said it will pay a dividend of $746 million to the U.S. Freddie's first-quarter profit...

  • They use complicated corporate structures that protect their China- based parent companies from U.S. lawsuits. The report calls on Congress to establish that Chinese companies fall under the jurisdiction of U.S. courts and require that Chinese firms assign agents to accept subpoenas and other U.S. court documents. That forces plaintiffs into a cumbersome...

  • WASHINGTON— The Institute for Supply Management, a trade group of purchasing managers, releases its index measuring the health of non-manufacturing businesses in April. The report will be issued Tuesday at 10 a.m. Eastern. SMALL DECLINE: Economists forecast that the index slipped to 56.2 from 56.5 in March, according to a survey by data firm FactSet.

  • WASHINGTON— The Commerce Department reports on the U.S. trade deficit in March at 8:30 a.m. Eastern Tuesday. WIDER DEFICIT: The expectation is that the deficit increased to $41 billion, according to a survey of economists by data firm FactSet. TRADE DRAG: In February, the U.S. trade deficit narrowed to $35.5 billion, down from $42.7 billion in January, as imports...