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  • 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...

  • UPDATE 1-New York Fed's top bank regulator to step down Thursday, 30 Apr 2015 | 1:46 PM ET

    Dahlgren's team of bank examiners directly oversees the country's top banks, acting as the U.S. central bank's eyes and ears on Wall Street. Dahlgren, a low-key and well-respected figure at the Fed and on Wall Street, will become a senior advisor to New York Fed President William Dudley on Oct. 1 before retiring later in the year. As the government regulator closest...

  • WASHINGTON— Thousands of jobs would "disappear pretty quickly" if the Export-Import Bank were to expire abruptly when its charter runs out at the end of June, House Speaker John Boehner said on Thursday. The Ohio Republican has asked Financial Services Chairman Jeb Hensarling, R- Texas, to come up with a plan to overhaul or wind down the operations of the bank, which...

  • Business events scheduled for Friday Thursday, 30 Apr 2015 | 1:31 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.. WASHINGTON— Commerce Department releases construction spending for March, 10 a.m.. CVS Health Corp. reports quarterly financial results before the market opens.

  • Business events scheduled for the coming week Thursday, 30 Apr 2015 | 1:27 PM ET

    WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m.. WASHINGTON— Labor Department releases first-quarter productivity data, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage...

  • President Barack Obama is unlikely to deliver his verdict on TransCanada Corp's Keystone XL pipeline between mid-June and mid-October for fear of being seen as interfering in Canada's upcoming election, said three Ottawa- based sources familiar with the matter. In 1963, when relations between President John F. Kennedy and Conservative Prime Minister John...

  • BRUSSELS, April 30- The European Commission on Thursday called for a tougher U.N. The European Union has already introduced its own law to curb climate-harming hydrofluorocarbons, also called "F-gases", used in fridges and air conditioners. The European Union is seeking to lead the push for more ambitious action on curbing greenhouse gases ahead of a conference...

  • April 30- The U.S. Federal Communications Commission wants a federal appeals court in Washington to hear the cases against its new internet regulations, according to court documents filed on Thursday.

  • WASHINGTON, April 30- The number of Americans filing new claims for jobless benefits tumbled to a 15- year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. "This morning's reports all point to an economy that is doing a lot better than the near-stagnation in first-quarter GDP...

  • The 49- year-old, one of Ukraine's most influential oligarchs, was arrested in Vienna a year ago at the request of U.S. authorities, who 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 Viktor Yanukovich, coincided with a sharp...

  • US, Japan miss UN climate change fund deadline Thursday, 30 Apr 2015 | 11:08 AM ET

    STOCKHOLM— A key U.N. climate fund hit a snag Thursday as major donors including the United States and Japan failed to meet a deadline for converting their pledges of climate aid into signed agreements. The U.S. pledged $3 billion to the fund while Japan promised $1.5 billion. "Despite U.S. missing the deadline, negotiations are ongoing and must be concluded as soon...

  • Rather than settle for garages of antique cars or a museum's worth of paintings, billionaires are increasingly willing to pay $100 million for homes that can serve as showcases for their fortunes, according to an analysis issued Thursday by Christie's International Real Estate. Sales in Manhattan, Los Angeles, San Francisco, London and other global hubs are...

  • Average US rate on 30-year mortgage rises to 3.68 percent Thursday, 30 Apr 2015 | 10:14 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates rose slightly this week, but remain near historic lows with the spring home-buying season underway and showing strong sales. Mortgage giant Freddie Mac said Thursday that the national average for a 30- year fixed- rate mortgage increased to 3.68 percent from 3.65 percent last week. Data issued Wednesday by the...

  • FTI Consulting beats Street 1Q forecasts Thursday, 30 Apr 2015 | 9:54 AM ET

    WASHINGTON _ FTI Consulting Inc. on Thursday reported first-quarter profit of $23.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. FTI Consulting shares have increased 6 percent since the beginning of the year.

  • FDA seeks more data on safety of hospital hand cleaners Thursday, 30 Apr 2015 | 8:52 AM ET

    For now, the FDA stressed that health care workers should continue using hand washes, sanitizers and surgical scrubs, which are standard tools for preventing health care infections. "We're not asking for any of these products to come off the market at this time, we're just asking for additional data," Theresa Michele, a director in the agency's drug center, said in an...

  • WASHINGTON— Paychecks for U.S. workers are rising at a faster pace as strong hiring in the past year has lowered the unemployment rate and increased competition for workers. The employment cost index, which tracks wages, salaries and benefits, rose 2.6 percent in the first quarter compared with a year ago, the Labor Department said Thursday.

  • Spring awakening: US consumer spending rose in March Thursday, 30 Apr 2015 | 8:37 AM ET

    WASHINGTON— U.S. consumers boosted spending in March by the largest amount in four months, a hopeful sign that this key sector of the economy is reviving after a frigid winter. Consumer spending increased 0.4 percent in March, the strongest gain since a similar increase in November, the Commerce Department reported Thursday. Today's reports "all point to an...

  • WASHINGTON— The number of Americans seeking unemployment aid plummeted to the lowest level in 15 years last week, evidence that employers are laying off few workers despite a sharp slowdown in economic growth. Weekly applications for unemployment benefits dropped 34,000 to 262,000, the Labor Department said Thursday. "The trend in claims, below the...

  • WASHINGTON— President Barack Obama has signed long-delayed legislation to boost energy efficiency in buildings. He says it's an area where Washington could make a big impact and create jobs. The bill exempts some energy-efficient water heaters from pending Energy Department rules.