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  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • Business events scheduled for Friday Thursday, 26 Mar 2015 | 2:24 PM ET

    Major business and economic events scheduled for Friday:. WASHINGTON— Commerce Department releases fourth-quarter gross domestic product, 8:30 a.m. Eastern. TOKYO— Japan releases its February economic data.

  • WASHINGTON— The maker of medical scopes that have been linked to two recent "superbug" outbreaks in California has issued new cleaning instructions for the devices amid increasing scrutiny from regulators, lawmakers and medical professionals. Olympus plans to send the new brush to hospital customers by May 8. Olympus scopes were linked to infections of...

  • *Ukraine wants bondholders to accept debt writedown. LONDON, March 26- A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as commercial paper, or as bilateral sovereign debt? Moscow bought the bonds from Kiev before a pro-Russian...

  • LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...

  • WASHINGTON— The Department of Energy is reviving a vehicle loan program it pledged to retool after criticism it funded flops and wasted taxpayer money. The department announced Thursday it has reached a conditional, $259 million loan agreement with aluminum manufacturer Alcoa. Last year, Moniz said the department would make changes to the vehicle loan...

  • NEW YORK, March 26- The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets. With the U.S. central bank expected to raise rates later this year, Simon Potter and his team...

  • The investigation led by the Federal Trade Commission and law enforcement resulted in 252 enforcement actions and $2.6 million in consumer refunds and fees. Officials say the more recent investigation in U.S. and Canada involved the Justice Department and state prosecutors. "The clear message is that across this country, and indeed internationally, law...

  • DUBAI, March 26- Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen. Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could...

  • ATHENS, March 26- Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its...

  • "The flight deck is capable of accommodating three pilots and there shouldn't ever be a situation where there is only one person in the cockpit," said James Hall, a former chairman of the National Transportation Safety Board, referring to the "jump seats" in airliners. Hall was head of the safety board in 1999 when the board investigated the crash of an EgyptAir plane...

  • March 26- The U.S. Centers for Disease Control is launching an ad campaign warning consumers against the dual use of e-cigarettes and regular cigarettes. E-cigarettes are battery-powered devices that heat a nicotine-laced liquid to produce an inhalable vapor. Such data could have implications for the U.S. Food and Drug Administration's proposed...

  • Yemen war clouds raise dangers for top oil shipping route Thursday, 26 Mar 2015 | 12:39 PM ET

    LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • Lawmakers unhappy with new fracking rules Thursday, 26 Mar 2015 | 11:47 AM ET

    WASHINGTON— Republican and Democratic lawmakers in the House have found something in common. The lawmakers' complaints were aired Thursday during a House subcommittee hearing called to review the Bureau of Land Management's budget for the coming fiscal year. Bureau Director Neil Kornze said fracking is taking place in 32 states, and the new federal...

  • DUBAI, March 26- Top oil exporter Saudi Arabia plans to beef up security at its borders and around oil and industrial facilities, state news agency SPA reported on Thursday, citing a statement by Deputy Crown Prince Mohammed bin Nayef. Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in an...

  • WASHINGTON, March 26- The Pentagon's notoriously slow, bureaucratic and wasteful acquisition system is eroding America's military technological edge and must be reformed, Senator John McCain, the chairman of the Senate Armed Services Committee, said on Thursday. The Arizona Republican, a former presidential candidate and prisoner of war during the Vietnam...

  • The euro hit $1.10525 early Thursday, its highest since a nearly two-week high of $1.10625 on March 18 after the Fed released its latest policy statement, before erasing its gains. Analysts said the euro has seen selling pressure above the $1.10 mark on the view that the European Central Bank's new bond-buying stimulus program should weaken the currency...

  • FDA to scrutinize unproven alternative remedies Thursday, 26 Mar 2015 | 10:23 AM ET

    The Food and Drug Administration says that it will hold a two-day meeting next month on regulations for homeopathic medicines, which have long occupied a place on the fringes of U.S. health care. According to a federal notice published online Thursday, the FDA will ask attendees whether there is data to "better assess the risks and benefits" of homeopathic...

  • Average US rate on 30-year mortgage falls to 3.69 percent Thursday, 26 Mar 2015 | 10:04 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season. Mortgage giant Freddie Mac said Thursday the national average for a 30- year fixed-rate mortgage declined to 3.69 percent from 3.78 percent last week. The average rate for a 15- year...