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  • Morgan Stanley paying $275M to settle SEC charges Thursday, 24 Jul 2014 | 1:08 PM ET

    WASHINGTON— Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The SEC said Morgan Stanley failed to accurately disclose the delinquency status of home mortgages backing two securities deals that it financed and sold in 2007..

  • *Hamas sticks to demand embargo on enclave be lifted. The Israeli military said its troops were fighting gunmen from Hamas, which runs Gaza, in the area and that it was investigating the incident.

  • NEW YORK/ WASHINGTON, July 24- The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275 million to settle the case, according to a press release.

  • GENEVA, July 24- The latest U.S. sanctions against Russia violate World Trade Organization rules and may force Moscow into a destabilizing trade dispute, Russia's ambassador told the Geneva- based trade body on Thursday.

  • House, Senate chairs offer competing bills on VA Thursday, 24 Jul 2014 | 11:06 AM ET

    Bernie Sanders, I-Vt., chairman of the Senate panel, made the first move, announcing a proposal that would cost about $25 billion over three years to lease new clinics, hire thousands of doctors and nurses, and make it easier for veterans who can't get prompt appointments with VA doctors to get outside care.

  • IMF cuts US and global growth forecasts for 2014 Thursday, 24 Jul 2014 | 11:00 AM ET

    WASHINGTON— The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The lending organization predicted Thursday that global growth will be 3.4 percent in 2014, below its April forecast of 3.7 percent.

  • Fukushima study: Think about unthinkable disasters Thursday, 24 Jul 2014 | 10:40 AM ET

    WASHINGTON— A U.S. science advisory report says Japan's Fukushima nuclear accident offers a key lesson to the nation's nuclear industry: Focus more on the highly unlikely but worst case scenarios.

  • Average US 30-year mortgage rate at 4.13 pct. Thursday, 24 Jul 2014 | 10:40 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30- year loan was 4.13 percent, unchanged from last week.

  • *Hamas sticks to demand embargo on enclave be lifted. GAZA/ JERUSALEM, July 24- Israeli forces shelled a U.N.-run school sheltering Palestinians in the northern Gaza strip, the Gaza health ministry said on Thursday, killing at least 15 people and raising the conflict's death toll to nearly 750..

  • US new-home sales plummet in June Thursday, 24 Jul 2014 | 10:05 AM ET

    WASHINGTON— Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday.

  • July 24- Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear reactors, a spokesman said late Wednesday.

  • US airlines to resume flights to Israel Thursday, 24 Jul 2014 | 9:22 AM ET

    The FAA's ban, imposed out of concern for the risk of planes being hit by Hamas rockets, became a hot button topic in both U.S.-Israeli diplomacy and Washington politics. Chicago- based United Airlines is set to resume service to Tel Aviv with a 4:45 p.m. eastern flight from Newark, New Jersey.

  • Ryan proposes streamlining anti-poverty programs Thursday, 24 Jul 2014 | 9:18 AM ET

    Paul Ryan proposed a new plan Thursday to merge up to 11 anti-poverty programs into a single grant program for states that he said would allow more flexibility to help lift people out of poverty. The Wisconsin Republican and 2012 vice presidential nominee is a respected voice within his party.

  • How states fared on unemployment benefit claims Thursday, 24 Jul 2014 | 8:58 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.

  • US unemployment aid applications drop to 284,000 Thursday, 24 Jul 2014 | 8:37 AM ET

    WASHINGTON— The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 24 Jul 2014 | 6:46 AM ET

    WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released at 8:30 a.m. Eastern on Thursday. The four-week average, a less volatile measure, dropped 3,000 to 309,000, the level since June 2007, about five months before the start of the recession.

  • *Euro STOXX 50 up 0.4 pct, FTSEurofirst 300 up 0.8 pct. The euro zone Euro STOXX 50 index was up 0.8 percent at 3,217.18 points while the broader FTSEurofirst 300 index index was up 0.4 percent at 1,381.21 points by 1021 GMT.

  • Ahead of the Bell: US new home sales Thursday, 24 Jul 2014 | 6:29 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in June. The report will be released at 10 a.m. Eastern on Thursday. The National Association of Realtors reported that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.

  • *Hamas sticks to demand embargo on Gaza be lifted. GAZA/ JERUSALEM, July 24- Israel won a partial reprieve from the economic pain of its Gaza war on Thursday with the lifting of a U.S. ban on commercial flights to Tel Aviv, as fighting pushed the Palestinian death toll over 700..

  • *Hamas sticks to demand embargo on Gaza be lifted. GAZA/ JERUSALEM, July 24- Israel won a partial reprieve from the economic pain of its Gaza war on Thursday with the lifting of a U.S. ban on commercial flights to Tel Aviv, as fighting pushed the Palestinian death toll over 700..