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  • 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...

  • ATHENS, March 26- Greece will present measures to boost tax revenues and encourage investors as part of a reforms list aimed at reaching a deal with lenders early next week to unlock aid, the government said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its...

  • 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...

  • "The flight deck is capable of accommodating three pilots and there shouldn't ever be a situation where there is only one person in the cockpit," said James Hall, a former chairman of the National Transportation Safety Board, referring to the "jump seats" in airliners. Hall was head of the safety board in 1999 when the board investigated the crash of an EgyptAir plane...

  • March 26- The U.S. Centers for Disease Control is launching an ad campaign warning consumers against the dual use of e-cigarettes and regular cigarettes. E-cigarettes are battery-powered devices that heat a nicotine-laced liquid to produce an inhalable vapor. Such data could have implications for the U.S. Food and Drug Administration's proposed...

  • Yemen war clouds raise dangers for top oil shipping route Thursday, 26 Mar 2015 | 12:39 PM ET

    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...

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • Lawmakers unhappy with new fracking rules Thursday, 26 Mar 2015 | 11:47 AM ET

    WASHINGTON— Republican and Democratic lawmakers in the House have found something in common: Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing. The lawmakers' complaints were aired Thursday during a House subcommittee hearing called...

  • DUBAI, March 26- Top oil exporter Saudi Arabia plans to beef up security at its borders and around oil and industrial facilities, state news agency SPA reported on Thursday, citing a statement by Deputy Crown Prince Mohammed bin Nayef. Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in an...

  • WASHINGTON, March 26- The Pentagon's notoriously slow, bureaucratic and wasteful acquisition system is eroding America's military technological edge and must be reformed, Senator John McCain, the chairman of the Senate Armed Services Committee, said on Thursday. The Arizona Republican, a former presidential candidate and prisoner of war during the Vietnam...

  • The euro hit $1.10525 early Thursday, its highest since a nearly two-week high of $1.10625 on March 18 after the Fed released its latest policy statement, before erasing its gains. Analysts said the euro has seen selling pressure above the $1.10 mark on the view that the European Central Bank's new bond-buying stimulus program should weaken the currency...

  • FDA to scrutinize unproven alternative remedies Thursday, 26 Mar 2015 | 10:23 AM ET

    The Food and Drug Administration says that it will hold a two-day meeting next month on regulations for homeopathic medicines, which have long occupied a place on the fringes of U.S. health care. According to a federal notice published online Thursday, the FDA will ask attendees whether there is data to "better assess the risks and benefits" of homeopathic...

  • Average US rate on 30-year mortgage falls to 3.69 percent Thursday, 26 Mar 2015 | 10:04 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season. Mortgage giant Freddie Mac said Thursday the national average for a 30- year fixed-rate mortgage declined to 3.69 percent from 3.78 percent last week. The average rate for a 15- year...

  • SEOUL, March 26- South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank, another key U.S. ally joining the China- led institution despite Washington's misgivings. South Korea has demanded improvement in relation to the governing structure of the bank and other safeguards and there has been...

  • WASHINGTON— Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.. The Labor Department said Thursday that weekly applications for jobless aid fell 9,000 to a seasonally adjusted 282,000. The decrease suggests that a recent slowdown in...

  • SEOUL, March 26- South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank, another key U.S. ally joining the China- led institution despite Washington's misgivings. South Korea's finance ministry said in a statement that establishment of the AIIB has been promoted to help funnel more investment...

  • Ahead of the Bell: US jobless aid applications Thursday, 26 Mar 2015 | 6:10 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 Thursday at 8:30 a.m. Eastern. STEADY CLAIMS: Economists forecast that weekly applications were unchanged at a seasonally adjusted 291,000, according to a survey by the data firm FactSet.