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  • Ahead of the Bell: US consumer spending Tuesday, 23 Dec 2014 | 6:51 AM ET

    WASHINGTON— The Commerce Department reports on consumer spending and income in November. The report will be issued Tuesday at 8:30 a.m. Eastern. The National Retail Federation is forecasting that holiday sales will rise by 4.1 percent this year compared with 2013. That would be the biggest gain in three years.

  • Ahead of the Bell: US economy-GDP Tuesday, 23 Dec 2014 | 6:44 AM ET

    WASHINGTON— The Commerce Department issues its third and final estimate of how fast the U.S. economy grew in the July-September quarter. FASTER GROWTH: The expectation is that growth in the gross domestic product will be revised up to an annual rate of 4.3 percent in the third quarter, according to a survey of economists by data firm FactSet.

  • Ahead of the Bell: US new home sales Tuesday, 23 Dec 2014 | 6:34 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in October. The report will be issued Tuesday at 10 a.m. Eastern. MEAGER GAIN: Economists expect a slight 0.4 percent increase in new-home sales to a seasonally adjusted annual rate of 460,000, according to a survey by data firm FactSet.

  • US going after sellers of pure caffeine powder Tuesday, 23 Dec 2014 | 3:04 AM ET

    The FDA warned consumers to avoid pure powdered caffeine this summer after the death of an Ohio teen. Since the FDA doesn't have the legal authority to just pull such a substance off the shelves, the agency is in the process of building a legal case against those who are marketing it in bulk in an attempt to persuade them to stop. Michael Taylor, FDA's deputy...

  • SEOUL, South Korea— Key North Korean websites suffered intermittent outages Tuesday after a nearly 10- hour shutdown that followed a U.S. vow to respond to a crippling cyberattack on Sony Pictures that Washington blames on Pyongyang. The White House and the State Department declined to say whether the U.S. government was responsible. Though it denies...

  • SEOUL/ WASHINGTON, Dec 23- North Korea, at the center of a confrontation with the United States over the hacking of Sony Pictures, experienced a complete Internet outage for hours before links were restored on Tuesday, a U.S. company that monitors Internet infrastructure said. President Barack Obama had vowed on Friday to respond to the major cyber attack, which he...

  • HAVANA/ MIAMI, Dec 22- International rivals have a clear head start in Cuba but U.S. companies could catch up quickly if the economic embargo that has kept them away is dismantled in a new era of cooperation between Washington and Havana. "We've found it to be quite a stable and good place to do business and have had a lot of success there," said David Pathe, the chief...

  • DIARY- Top Economic Events to Jan 4 Monday, 22 Dec 2014 | 7:01 PM ET

    TOKYO- Bank of Japan to release the minutes of November policy-setting meeting- 2350 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the meeting of Councillors of Japan Business Federation. BOSTON- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Rules vs.

  • WASHINGTON/ BEIJING, Dec 22- North Korea, at the center of a confrontation with the United States over the hacking of Sony pictures, itself experienced Internet outages on Monday, a U.S. company that monitors Internet infrastructure said. The United States also asked China to identify any North Korea hackers operating in China and, if found, send them back to North...

  • WASHINGTON, Dec 22- U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, citing delays in getting documents from Time Warner Cable. The FCC said it learned this month that Time Warner Cable had improperly withheld more than 7,000 documents the regulators had...

  • Rates rise at weekly US Treasury bill auction Monday, 22 Dec 2014 | 5:17 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.055 percent, up from 0.035 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.155 percent, up from 0.110 percent last week. For a $10,000 bill, the three-month price was $9,998.63, while a six-month bill sold for $9,992.21.

  • LOS ANGELES, Dec 22- Nearly half of Americans believe Sony Pictures made the wrong decision by canceling the theatrical release of the comedy "The Interview," the film that provoked a cyberattack on the studio, according to a Reuters/ Ipsos poll released on Monday. Forty-seven percent of respondents said they disagreed with Sony scrapping the film last Wednesday,...

  • As dust clears, what's next for Sony? Monday, 22 Dec 2014 | 4:39 PM ET

    ATLANTA— The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Sony went on the offensive after President Barack Obama said Friday that the studio made a mistake by canceling "The Interview," and said that he wished the...

  • FDA approves new melanoma drug from Bristol-Myers Monday, 22 Dec 2014 | 4:23 PM ET

    WASHINGTON— The Food and Drug Administration granted accelerated approval Monday to a new drug from Bristol-Myers Squibb to treat the deadliest form of skin cancer. Since 2011, the FDA has approved seven new drugs for the form of skin cancer, including Opdivo. FDA regulators cleared the drug for patients who have previously been treated with an older...

  • Figures on government spending and debt Monday, 22 Dec 2014 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— North Korea experienced sweeping Internet outages for hours before coming back online late Monday. President Barack Obama said Friday the U.S. government expected to respond to the hacking of Sony Pictures Entertainment Inc., which he described as an expensive act of "cyber vandalism" that he blamed on North Korea. North Korea has forcefully...

  • Top business stories of 2014: US grows, world slows Monday, 22 Dec 2014 | 1:49 PM ET

    Those are some of the top business stories of 2014, as chosen by business editors at The Associated Press. Others include massive product disasters: A string of auto recalls after faulty ignition switches from General Motors Corp. and air bags in many car models caused injuries and deaths. Janet Yellen became the first woman to head the Federal Reserve and U.S....

  • WASHINGTON, Dec 22- Russia is starting to backslide on its commitments to become a fully-fledged member of the global economy and trading community, the United States' trade office said on Monday. Relations between the United States and Russia are at their lowest since the Cold War because of Russia's annexation of Crimea from Ukraine last March and its support...

  • LONDON, Dec 22- Russia has complained that a U.S. move to scrap a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules. As a result, Russian steelmaker Severstal now faces anti-dumping duties of 73.59 percent, while other producers like Novolipetsk Steel and...

  • The SEC said F-Squared, which is based in Wellesley, Massachusetts, falsely advertised a successful seven-year track record for its "AlphaSector" index product, which later became its biggest revenue source and turned the firm from posting losses to being highly profitable. In fact, the algorithm on which trading for the product was based didn't exist during...