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  • Survey: Pay raises rarer despite strong US hiring Monday, 20 Oct 2014 | 12:01 AM ET

    WASHINGTON— U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September...

  • Market turmoil: A gift for mortgage refinancers? Saturday, 18 Oct 2014 | 9:01 AM ET

    A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans:. Rates on long-term mortgages tend to track the 10- year Treasury yield, which fell below 2 percent for the first time since May 2013. Accordingly, the average rate for a 30- year fixed mortgage, mortgage giant Freddie Mac reported, dipped below 4 percent to 3.97 percent—...

  • DAKAR/ NEW YORK, Oct 17- The first casualty of a possible U.S. ban on travel to and from Ebola-stricken West African nations could be Washington's ties with the region and, to a lesser degree, travel and resources businesses exposed to it. Such a move would make things worse for the nations of Liberia, Sierra Leone and Guinea battling the outbreak, Liberia's...

  • Regulators close small Maryland bank Friday, 17 Oct 2014 | 8:04 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over NBRS Financial Bank of Rising Sun, Maryland. Howard Bank of Ellicott City, Maryland, has agreed to pay the FDIC a premium of 1.19 percent to assume all of the failed bank's deposits. Depositors of NBRS Financial will automatically become depositors of Howard Bank, the FDIC said.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • Do cases FBI cites support encryption worries? Friday, 17 Oct 2014 | 6:40 PM ET

    FBI Director James Comey says encrypting data stored on smartphones and computers could hurt criminal investigations, and evidence reviewed by The Associated Press shows that the child abuse case in Los Angeles from summer 2011 is a powerful, compelling argument. But at least three other examples the FBI director has cited are not so cut and dry.

  • Facebook unfriends federal drug agency Friday, 17 Oct 2014 | 4:59 PM ET

    WASHINGTON— Facebook wants assurances from the Drug Enforcement Administration that it's not operating any more fake profile pages as part of ongoing investigations. Facebook's chief security officer, Joe Sullivan, said in a letter Friday to DEA Administrator Michele Leonhart that law enforcement agencies need to follow the same rules about being...

  • Figures on government spending and debt Friday, 17 Oct 2014 | 4:49 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Rules vary about travel to countries hit by Ebola Friday, 17 Oct 2014 | 4:32 PM ET

    Demands are rising in Washington for the U.S. to ban travelers from countries in West Africa, but the Obama administration is resisting and says the screening measures already in place for travelers are more effective. There are no direct flights from Liberia, Guinea or Sierra Leone to the U.S. No direct flights from the three affected countries to London's...

  • Obama's under-used credit card declined in NY Friday, 17 Oct 2014 | 2:16 PM ET

    When his credit card was declined last month while dining in New York, President Barack Obama wondered if he had become a victim of identity theft. Identity theft is a growing problem and an estimated 100 million people have been affected by security breaches in the past year at retailers like Target and Home Depot. Employees at Estela, the New York restaurant...

  • DETROIT, Oct 17- General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement,...

  • *Fed Chair delivers broad social critique of rich-poor gulf. BOSTON, Oct 17- Federal Reserve Chair Janet Yellen on Friday said the growth of economic inequality in the United States was not in keeping with American values and she hinted at a range of steps that could address it. "The extent of and continuing increase in inequality in the United States greatly...

  • NEW YORK, Oct 17- UBS AG sued Croatia in New York federal court on Friday, claiming the republic owes it $45 million in principal and interest on defaulted debt assumed after the breakup of Yugoslavia. In 2001, the country's remaining external debt was divvied up among Croatia and the other successor states to Yugoslavia: Bosnia and Herzegovina, Macedonia,...

  • BEIRUT, Oct 17- Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time the militant group had taken to the air. The group, which has seized swathes of land in Syria and Iraq, has been flying the planes over the captured al-Jarrah...

  • Obama announces plan to tighten card security Friday, 17 Oct 2014 | 11:36 AM ET

    WASHINGTON— Saying more must be done to stop data breaches affecting consumers, President Barack Obama announced on Friday a government plan to tighten security for the debit cards that transmit federal benefits like Social Security to millions of Americans. Concern is growing over the security of Americans' financial data, with an estimated 100 million...

  • Chimerix gets FDA OK to test drug for Ebola Friday, 17 Oct 2014 | 10:54 AM ET

    Chimerix Inc. said Thursday that it has received FDA clearance to proceed with a trial examining the safety and effectiveness of its brincidofovir tablets in patients who have the virus. Chimerix did not immediately return requests for comment. Chimerix is working with the U.S. Department of Defense on developing the drug as a treatment against smallpox.

  • Lawmakers probing NSA face German secrecy hurdles Friday, 17 Oct 2014 | 10:24 AM ET

    Experts say the government's reluctance to fully inform Parliament stems from a fear that leaks could imperil the flow of vital intelligence information from the United States. In the United States, Congress wields significantly more power to demand documents from intelligence agencies than do many European parliaments. But since taking up its work, the...

  • FORCES IN MIDDLE EAST SAYS WASHINGTON DETERMINED TO' DEFEAT AND ULTIMATELY DESTROY' ISLAMIC STATE MILITANTS.

  • Apartments pushed up US homebuilding in September Friday, 17 Oct 2014 | 8:34 AM ET

    WASHINGTON— Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding. Housing starts rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million homes, the Commerce Department said Friday. Almost all of the gains came from apartment construction— a volatile category— which increased 18.5...

  • WASHINGTON— US home construction rose 6.3 percent in September, fueled by building more apartments.