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  • WASHINGTON— Citing safety concerns, United Airlines says it will no longer accept bulk shipments of rechargeable lithium batteries of the kind that power everything from smartphones to laptops to power tools. Delta Air Lines stopped accepting the bulk shipments last month. Federal Aviation Administration tests over the past year show that when a single...

  • President Barack Obama said on Monday he hopes the United States will open an embassy in Cuba by the time of a Western Hemisphere summit in Panama in mid-April. In an interview with Reuters, Obama also cautioned that it will take more time to fully establish normal relations with Cuba after more than a half-century rupture. Cuba is keen to have Washington's...

  • DIARY-Top Economic Events to March 15 Monday, 2 Mar 2015 | 7:01 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Economist's Insurance Summit 2015- 0910 GMT. LONDON- Bank of England's Anthony Habgood and Governor Mark Carney appears before Treasury Select Committee- Grabiner Report- 1000 GMT. LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and...

  • HAVANA, March 2- The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners, while urging the U.S. Congress to lift the U.S. embargo on trade with the island. That group was formed after the Dec. 17 announcement the United States and Communist-run Cuba would...

  • The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.075 percent, up from 0.065 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,996.21.

  • WASHINGTON, March 2- Restoring diplomatic ties with Cuba and opening embassies in each other's capitals can be done before a summit in Panama on April 10 if there is will on both sides, a senior State Department official acknowledged on Monday after two rounds of talks. "We believe reestablishment of diplomatic relations and opening of embassies should be done...

  • President Barack Obama said on Monday that he hopes the United States will open an embassy in Cuba by the time of a Western Hemisphere summit in Panama in mid-April. While critics, including some members of Congress, have called the end of U.S. attempts to isolate Cuba a gift to the authoritarian Cuban government, Obama said there are already signs it is prompting...

  • Figures on government spending and debt Monday, 2 Mar 2015 | 4:37 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— Congressional Republicans sent a message Monday that they hope the Supreme Court and voters will hear: They have ideas to keep the country's health care system from crumbling if the justices obliterate a bedrock feature of President Barack Obama's heath care law. They were released in the run-up to Wednesday's oral arguments before the Supreme...

  • AUSTIN, Texas— All 20 Texas Senate Republicans sent a letter Monday to President Barack Obama demanding more flexibility for their state to administer Medicaid— but also vowing that, without it, expanding the program under the White House's signature health care law remains "not worth discussing." Dan Patrick, Schwertner likened federal reimbursements...

  • HARTFORD, Conn.— Connecticut is the latest state to grapple with how to regulate Uber and other ride-hailing services being embraced by the public but angering the long-established taxi and livery industry. Drivers for Uber, however, urged the General Assembly's Transportation Committee on Monday to craft rules that allow them to continue operating in...

  • WASHINGTON— One of the nation's leading medical researchers joined the Food and Drug Administration on Monday, taking on the agency's No. 2 leadership job at a critical juncture for prescription drugs, medical devices and tobacco products. Robert Califf comes to the job of FDA deputy commissioner after more than 30 years as a researcher and administrator at...

  • University president tapped to head Philadelphia Fed Monday, 2 Mar 2015 | 11:12 AM ET

    WASHINGTON— The head of the University of Delaware has been selected to be the new president of the Federal Reserve Bank of Philadelphia. The bank's board of directors announced Monday that Patrick T. Harker, 56, will succeed Charles Plosser, who retired effective March 1. In addition to serving as president of the University of Delaware, Harker was a professor of...

  • High court to consider bias claim on loan guarantees Monday, 2 Mar 2015 | 10:29 AM ET

    WASHINGTON— The Supreme Court will decide whether a bank discriminated against the wives of two Missouri real estate developers by requiring them to guarantee their husbands' business loans. The justices said Monday they will hear an appeal of Valerie Hawkins and Janice Patterson, who claim the bank discriminated against them based on their marital status...

  • US construction spending down 1.1 percent in January Monday, 2 Mar 2015 | 10:25 AM ET

    WASHINGTON— U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity. Construction spending fell 1.1 percent in January following a revised 0.8 percent increase in December, the Commerce Department reported Monday. Spending on home construction rose 0.6...

  • US manufacturing slows as output and hiring weaken Monday, 2 Mar 2015 | 10:18 AM ET

    WASHINGTON— U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its manufacturing index slipped to 52.9 in February from 53.5 in January. U.S. manufacturers have been held back in recent months by...

  • CHARLEROI, Pa.— A regional southwestern Pennsylvania bank has changed its name from Charleroi Federal Savings Bank to cfsbank. President and Chief Executive Officer Neil Bassi says the name change better reflects the bank's growing regional presence. Founded 79 years ago in Charleroi, Washington County, the bank now has eight other branches, with others in...

  • WASHINGTON— The Supreme Court won't hear an appeal from a group of flexible foam manufacturers challenging one of the largest class action lawsuits ever certified. The justices on Monday let stand a lower court ruling that allowed a lawsuit to go forward that seeks more than $9 billion in damages against Carpenter Co., Woodbridge Foam Corp. and others.

  • HAVANA, March 2- The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners and urge the U.S. Congress to lift the trade embargo against the Caribbean nation. Two former agriculture secretaries, a number of state agriculture officials and representatives...

  • AP NewsAlert Monday, 2 Mar 2015 | 9:24 AM ET

    WASHINGTON— US manufacturing grew in February at slowest pace in a year as orders and employment weakened.