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  • Figures on government spending and debt Wednesday, 22 Oct 2014 | 4:07 PM ET

    WASHINGTON— Figures on government spending and debt.

  • A Republican Senate means changing the chairmen Wednesday, 22 Oct 2014 | 1:58 PM ET

    WASHINGTON— If Republicans win the Senate, the Pentagon should brace for constant grilling from Sen. The size of a Republican majority would determine committee ratios and budgets; more seats in the Senate translate into a greater advantage on the panels. "If we lose the Senate, for one thing, the way this Senate's been operating, they could end up blocking all my...

  • DETROIT, Oct 22- Detroit's relatively fast move through municipal bankruptcy has resulted in costly creditor settlements and too little emphasis on fixing the city's broken operations, a restructuring expert testified in U.S. Bankruptcy Court on Wednesday. Still, Martha Kopacz, who was appointed by Judge Steven Rhodes to assess the viability of Detroit's...

  • The top 20 US cities for tech startup funding Wednesday, 22 Oct 2014 | 1:44 PM ET

    About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association. 1. San Francisco, $9.32 billion, 506 deals. 2. San Jose, California, $3.78 billion, 237 deals.

  • 'Silicon Beach' brings tech boom to Los Angeles Wednesday, 22 Oct 2014 | 1:41 PM ET

    LOS ANGELES— So long Silicon Valley. In the past few years Google, Microsoft, Facebook, and YouTube have opened offices on the west side of Los Angeles from Santa Monica south to Venice and Playa del Rey. "Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik...

  • Rules on bank risk in mortgage bonds being adopted Wednesday, 22 Oct 2014 | 12:20 PM ET

    WASHINGTON— Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the rules, which six federal agencies have been working on since 2011. The SEC'S two Republican...

  • Report blasts rabbit massages among gov't waste Wednesday, 22 Oct 2014 | 11:46 AM ET

    Coburn has crusaded against "pork barrel" projects since coming to Congress in 1995. While he has been on the losing end of most votes, he cites several examples in which publicity ended waste, such as an almost $500,000 annual subsidy for an Oklahoma airport that had hardly any flights. He criticized $4.6 million in overpriced housing for temporary Border...

  • Feds loosen eligibility for parent loan program Wednesday, 22 Oct 2014 | 9:44 AM ET

    WASHINGTON— The Education Department has loosened credit requirements for a federal student loan program used by parents and graduate students. Under the rule, a potential borrower with overdue debt less than $2,085 is considered not to have adverse credit history. The Education Department estimates about 370,000 more loan applicants will pass the credit...

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • US consumer prices rose 0.1 percent in September Wednesday, 22 Oct 2014 | 8:32 AM ET

    WASHINGTON— U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. Consumer prices rose 0.1 percent after having falling 0.2 percent in August, the Labor Department reported Wednesday. "The softer inflation outlook gives more ammunition to those Fed officials who would...

  • WASHINGTON— Obama: Canada shooting' tragic'—' we're all shaken by it'; no information on motive.

  • STRASBOURG, France, Oct 22- The European Commission's incoming president promised on Wednesday a tough stance on the most divisive part of a proposed EU-U.S. free-trade deal, appointing his deputy to ensure the final deal limits the power of multinationals. Jean-Claude Juncker, who will lead a new EU executive from next month, said his deputy Frans Timmermans...

  • Blackwater guards found guilty in Iraq shootings Wednesday, 22 Oct 2014 | 7:17 AM ET

    WASHINGTON— Four former Blackwater security guards were convicted Wednesday in the 2007 shootings of more than 30 Iraqis in Baghdad, an incident that inflamed anti-American sentiment around the globe and was denounced by critics as an illustration of a war gone horribly wrong. The federal jury found Nicholas Slatten guilty of first-degree murder, the most...

  • Big utilities pushing into booming home solar market Wednesday, 22 Oct 2014 | 7:00 AM ET

    Solar powers only half a million U.S. homes and businesses, according to solar market research firm GTM Research. In Arizona, the state's largest utility has proposed putting solar panels on 3,000 customers' homes, promising a $30 monthly break on their power bills. Residential solar grew 45 percent in the second quarter from the previous year and installations...

  • INSIGHT-Big Tech winning battle with 'patent trolls' Wednesday, 22 Oct 2014 | 7:00 AM ET

    Oct 22- For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of millions of dollars. NetApp, a Silicon Valley maker of sophisticated data storage devices, last...

  • Ahead of the Bell: US consumer prices Wednesday, 22 Oct 2014 | 6:20 AM ET

    WASHINGTON— The Labor Department reports on consumer prices for September. The report will be released at 8:30 a.m. EDT Wednesday. LOW INFLATION: In August, prices fell 0.2 percent, the first monthly decline since a similar 0.2 percent dip in April 2013.

  • Social Security benefits get another tiny increase Wednesday, 22 Oct 2014 | 3:31 AM ET

    WASHINGTON— Come January, nearly 60 million Social Security recipients will get benefit increases averaging $20 a month, the third straight year of historically small pay hikes. The 1.7 percent cost-of-living adjustment, or COLA, will also boost government benefits for millions of disabled veterans, federal retirees and people drawing disability payments...

  • White House says immigration plans not final yet Wednesday, 22 Oct 2014 | 3:13 AM ET

    WASHINGTON— The White House on Wednesday cautioned against making assumptions about President Barack Obama's changes to immigration rules based on a new federal contract proposal from the Homeland Security Department to buy enough supplies to make as many as 34 million immigrant work permits and residency cards over the next five years.

  • DETROIT, Oct 21- The problems for Japanese auto parts maker Takata Corp grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars. The news came a day after Toyota Motor Corp recalled 247,000 vehicles in the United States...

  • Obama calls late Ben Bradlee a 'true newspaperman' Tuesday, 21 Oct 2014 | 9:40 PM ET

    WASHINGTON— President Barack Obama is remembering the late editor Ben Bradlee as a "true newspaperman" who transformed The Washington Post into one of the country's finest papers. Bradlee died Tuesday at his home in Washington at the age of 93.. Just last fall, Obama awarded Bradlee the Presidential Medal of Freedom during a ceremony at the White House.