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  • RPT-U.S., Canada ready oil train safety measures Friday, 1 May 2015 | 7:00 AM ET

    WASHINGTON, May 1- Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Transportation Secretary Anthony Foxx are expected to demand that railroad companies equip cars...

  • Ahead of the Bell: US construction spending Friday, 1 May 2015 | 6:58 AM ET

    WASHINGTON— The Commerce Department reports on U.S. construction spending in March. The report will be issued at 10 a.m. EDT Friday. BUILDING UP: The expectation is that construction spending increased 0.5 percent in March, according to a survey of economists by data firm FactSet.

  • Pepco misses 1Q profit forecasts Friday, 1 May 2015 | 6:45 AM ET

    WASHINGTON _ Pepco Holdings Inc. on Friday reported first-quarter profit of $53 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Pepco shares have declined 3.5 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 1 percent.

  • DIARY- Top Economic Events to May 14 Thursday, 30 Apr 2015 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren gives welcome and opening remarks before the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting hosted by the bank- 1300 GMT. BOSTON- Federal Reserve Board Governor Daniel Tarullo speaks at opening session before the Economic Growth and Regulatory Paperwork Reduction...

  • NEW YORK, April 30- An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. However, the Transportation Department has concluded that ECP braking would deliver meaningful safety improvements.

  • NEW YORK, April 30- Merchants unhappy with the fees American Express Co charges them may steer customers toward less expensive cards without fearing retaliation from the credit card company, a federal judge ruled on Thursday. Judge Nicholas Garaufis in Brooklyn federal court said American Express may not stop restaurants and stores, for instance, from...

  • WASHINGTON, April 30- Republicans in the U.S. House of Representatives passed the first joint House-Senate budget plan in six years on Thursday, a measure that aids the party's goal of dismantling President Barack Obama's signature healthcare reform law this year. The Republican-controlled Senate is expected to pass the budget plan next week.

  • It took Osman Yaya, a 12- year-old from Bennett Middle School in Salisbury, Maryland, and his skillful town hall moderating to tease out details about Obama's early reading habits, his post-presidency plans and his facility with digital media. Obama was at the Anacostia Library in Washington for a "virtual field trip" with students to promote White House...

  • WASHINGTON— The most-used medicines in Medicare's prescription drug program are generics, but the program spends the most on brand-name drugs, led by the heartburn treatment Nexium, according to an unprecedented release of government data on Thursday. Of more than 3,000 drugs prescribed that year, AstraZeneca's Nexium alone accounted for $2.5 billion of...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and to other long-term nuclear limitations. Iran, which is has been under sanctions for years, has a long history of illicit nuclear procurement using front...

  • WASHINGTON— Republican leaders say GOP votes alone won't pass trade legislation sought by President Barack Obama and are urging the White House to put more pressure on reluctant Democrats to lend their support. Obama on Thursday met with members of the New Democrat Coalition, a group of moderate lawmakers who tend to back trade policies.

  • NEW YORK, April 30- Puerto Rico's House of Representatives voted against a controversial tax reform, a move blasted by the Governor on Thursday as irresponsible and dangerous to the island's financial stability. It is the latest turmoil for the Caribbean island of 3.6 million, which is struggling with debt of more than $70 billion and an economy that has been in...

  • *Industrialist was arrested in Austria on U.S. request. One of Ukraine's most influential oligarchs, Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, which have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president...

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • COLUMN-Keep your eye on wage pressures -James Saft Thursday, 30 Apr 2015 | 4:49 PM ET

    April 30- Sure, much U.S. economic data has been weak, and sure, we may see fallen leaves drifting in the streets of Washington before the Federal Reserve actually hikes rates, but the most important development this week may turn out to be the rise in employment costs. The employment cost index rose more than expected in the first quarter, up 2.6 percent compared with...

  • Glaxo gets OK to expand marketing of inhaler drug Thursday, 30 Apr 2015 | 3:46 PM ET

    WASHINGTON— GlaxoSmithKline plc says it has received U.S. approval to sell its once-a-day respiratory inhaler Breo Ellipta for a new use in asthma patients ages 18 and older. The expanded approval from the Food and Drug Administration will help Glaxo replace sales of its best-selling product, Advair, which faces generic competition in Europe and pricing...

  • WASHINGTON— Results of financial "stress tests" show that mortgage giants Fannie Mae and Freddie Mac, rescued by taxpayers in the 2008 crisis, would need as much as $157.3 billion in additional aid in a severe U.S. and global recession. The FHFA's new report said the companies would need between $68.6 billion and $157.3 billion in additional aid under a severe...

  • Baltimore riot damage adds burden to small businesses Thursday, 30 Apr 2015 | 3:02 PM ET

    BALTIMORE— Richard Sung Kang's American dream came crashing down in a shower of broken glass. His West Baltimore liquor store and bar, the Oxford Tavern, was hit by looters during a riot over the police-involved death of neighborhood resident Freddie Gray. About 200 small businesses were unable to open the day after the violence, Maryland Gov.

  • U.S. and Canada to outline oil train safety plan Friday Thursday, 30 Apr 2015 | 2:26 PM ET

    WASHINGTON, April 30- The United States and Canada will announce cross-border oil train safety measures at a press conference in Washington at 1030 ET on Friday, officials said on Thursday. The event is meant to "announce the next generation of stronger, safer rail tank cars for the transportation of flammable liquids in North America," according to a press...

  • WASHINGTON— The IRS has taken "significant actions" to stop agents from targeting political groups based on their names and policy positions, according to a report issued Thursday by the government watchdog who disclosed the inappropriate activity two years ago. The agency's inspector general says the IRS is doing a better job of processing applications for...