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  • Senate pushes conservative budget toward approval Friday, 27 Mar 2015 | 12:19 AM ET

    WASHINGTON— Republicans pushed a balanced-budget blueprint toward post-midnight Senate approval early Friday, laying down conservative markers for a likely veto struggle with President Barack Obama over their plans to end deficits, cut trillions in spending and repeal the health care law. Separately, legislation to stabilize the system for paying...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China is South Korea's biggest trading partner and the two countries are set to sign a free trade agreement in the first half of this year.

  • TOKYO, March 27- Japan remains cautious about joining the China-led Asian Infrastructure Investment Bank, Finance Minister Taro Aso said on Friday, as a March 31 deadline draws near for becoming a founding member. Japan is in close contact with key ally the United States about the Beijing- based institute, and has yet to receive any response from China over...

  • DIARY- Top Economic Events to April 9 Thursday, 26 Mar 2015 | 8:02 PM ET

    SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "Monetary Policy" before the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy- 1945 GMT. PRISHTINA- European Central Bank's Deputy Director General International& European Relations, Gilles Noblet, speaks at an event to celebrate the conclusion of a...

  • SEOUL, March 27- U.S. crude futures dipped on Friday on crude stocks extending their record build, but stayed above $51 a barrel and near 2015 highs as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies stoked supply concerns. *Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the less than 40 km wide waters...

  • WASHINGTON— The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. "To remain globally competitive and to be positioned to provide global leadership and influence in the...

  • NEW YORK— Airline pilots are supposed to be the ones we trust. "In the near term, pilots will be looked at with a bit more suspicion," said former US Airways pilot John M. Cox, now CEO of the consulting firm Safety Operating Systems. Since the Sept. 11 terrorist attacks, aviation security has focused on protecting pilots from passengers— not the other way around.

  • Figures on government spending and debt Thursday, 26 Mar 2015 | 4:01 PM ET

    WASHINGTON— Figures on government spending and debt.

  • ATLANTA— In the political uproar over Common Core, various myths are peddled as fact. Rand Paul slams "rotten to the core" propaganda forced on children by an initiative that has no curriculum at all. Even so, the 2016 GOP presidential prospects who are criticizing Common Core have a point— if an overstated one— when they dispute the notion that it is strictly a...

  • HARTFORD, Conn.— The commissioner of Connecticut's Transportation Department is outlining priorities in the governor's 30- year plan to overhaul highways, bridges and rail lines. Commissioner James Redeker says the plan for railways includes upgrading Civil War-era tracks and ties and a bridge over the Connecticut River that he describes as the biggest...

  • 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 at California hospitals has issued new cleaning instructions for the devices amid scrutiny from regulators, lawmakers and medical professionals. Olympus plans to send the new brush to hospital customers by May 8. The company's scopes were linked to infections of...

  • FLAGSTAFF, Ariz.— The Navajo Nation has turned to an international human rights commission that has dealt with death penalty cases and foreign killings in its effort to draw attention to a northern Arizona mountain that tribes consider sacred. Getting the case considered by the Inter-American Commission on Human Rights could be a long shot.

  • *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...

  • 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...

  • 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...

  • 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...