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  • Obama pinned responsibility directly on the Senate if something were to go awry. "And heaven forbid we've got a problem where we could have prevented a terrorist attack or apprehended someone who is engaged in dangerous activity but we didn't do so simply because of inaction in the Senate." McConnell is calling the Senate back into session Sunday, just hours...

  • FOREX-Dollar ends winning month mixed Friday, 29 May 2015 | 3:25 PM ET

    Euro ahead on Greece hopes. NEW YORK, May 29- The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.. "Underlying sentiment remains positive but the dollar is seeing some profit taking...

  • May 29- Humana Inc is considering selling itself after receiving multiple expressions of takeover interest, a person familiar with the matter said on Friday, highlighting the potential for further consolidation in the U.S. health insurance industry. Humana is working with investment bank Goldman Sachs Group Inc on the potential sale, the person said, asking...

  • At noon on a recent Wednesday in May, San Francisco's Lazy Bear restaurant began taking reservations for June. Just 45 minutes later, nearly every seat for the entire month was sold out. "The main issue is trying to manage risk, trying to incentivize patrons to keep their reservations," says Northwestern University microeconomic theorist Jeffrey Ely, noting that...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari vowed on Friday to eradicate the "mindless, godless" militant group Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • FOREX-Dollar trades mixed at end of winning month Friday, 29 May 2015 | 11:43 AM ET

    *Euro ahead on Greece hopes. NEW YORK, May 29- The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.. "Underlying sentiment remains positive but the dollar is seeing some profit taking...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • WASHINGTON— The Obama administration's latest plan on ethanol, the corn-based renewable fuel, probably will not have a major effect on pump prices, but could have political reverberations in Iowa and other farm states in the 2016 presidential campaign. The EPA said the standards set by the law cannot be achieved, due partly to limitations on the amount of...

  • DRESDEN, Germany, May 29- Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first. The inclusion of the renminbi, also known as the yuan, as part of the IMF's unit of account would mark another stage...

  • US consumer sentiment drops in May Friday, 29 May 2015 | 10:10 AM ET

    WASHINGTON— A weak U.S. economy pulled down consumer sentiment in May. The University of Michigan says its index of consumer sentiment dropped to 90.7 from 95.9 in April. But Richard Curtin, chief economist of the surveys, noted that the index has averaged 94.6 the first five months of 2015, highest since 2004..

  • *India returned to Iran for imports after hiatus. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.17 million bpd last month, down 4.1 percent on year and the highest since hitting 1.21 million bpd in December, government and tanker-tracking data showed. Iran, the United States, Britain, France, Germany, Russia and China reached a...

  • Nothing was said about running a loan program for Atlantic City. But as Drummon negotiated with Thigpen to purchase the Tennessee Business and Industrial Development Corp., Drummon was working with former Atlantic City Mayor Lorenzo Langford to get $3 million from the city to launch a community loan program. Atlantic City is suing to get the $3 million back,...

  • Rand Paul is fighting to transform his recent Capitol Hill victory into momentum with presidential primary voters. "I think some of his ideas are a breath of fresh air," said Corey Brooks, an African-American pastor on the South Side of Chicago, where Paul campaigned on Wednesday. He says the Republican Party's reputation "sucks" in a book released this week that...

  • Fuel and potential fires for the US economy ahead Friday, 29 May 2015 | 12:02 AM ET

    WASHINGTON— The U.S. economy shrank at the start of the year, but the road ahead looks brighter. Just how much brighter is what's up for debate. Steady hiring and low gas prices should help power solid growth through the rest of 2015. The harsh winter and a labor dispute that slowed trade at West Coast ports are both over.

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • CHICAGO— Former U.S. House Speaker Dennis Hastert agreed to pay $3.5 million in hush money to keep an unidentified person silent about "prior misconduct" by the Illinois Republican who was once third in line to the U.S. presidency, according to a federal grand jury indictment handed down on Thursday in Chicago. He is also charged with one count of lying to the FBI...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • Wisconsin governor: Obama power plant rule 'unworkable' Thursday, 28 May 2015 | 5:25 PM ET

    Wisconsin will not comply with the president's plan without "significant and meaningful changes," Walker said. Wisconsin is among 15 coal-reliant states that are suing the Environmental Protection Agency to block the so-called Clean Power Plan, which would require states to cut carbon dioxide emissions by 30 percent by 2030.. In addition to those concerns,...

  • DETROIT, May 28- Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest...