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  • US services firms grow at faster pace in February Wednesday, 4 Mar 2015 | 10:10 AM ET

    WASHINGTON— U.S. services firms' activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers. The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January's reading of 56.7. "The bottom line is that the US economy remains in good health," said Paul Dales, senior U.S....

  • Federal Reserve took a swipe on Tuesday at unlawful and unethical behavior at banks, saying it raises questions over whether the values embedded on Wall Street have improved enough in recent years. While other Fed officials and bank regulators have complained about the ethics and culture on Wall Street, the stern comments from the country's top financial...

  • WASHINGTON, March 4- The U.S. Supreme Court will consider on Wednesday a second major legal attack on President Barack Obama's healthcare law, with conservative challengers taking aim at a pivotal part of the statute that authorizes tax subsidies to help people afford insurance. If the court rules against the Obama administration, up to 7.5 million people in at...

  • Survey: US businesses add 212K jobs in February Wednesday, 4 Mar 2015 | 8:34 AM ET

    WASHINGTON— U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the latest sign that strong hiring should boost the economy this year. Payroll processor ADP said Wednesday that companies added 212,000 jobs last month, a solid gain, though down from 250,000 in the previous month.

  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • WASHINGTON— A House committee investigating the Benghazi, Libya, attacks issued subpoenas Wednesday for the emails of Hillary Rodham Clinton, who used a private account exclusively for official business when she was secretary of state— and also used a computer email server now traced back to her family's New York home. The development on Capitol Hill came the...

  • Justices sharply divided over health care law subsidies Wednesday, 4 Mar 2015 | 3:05 AM ET

    WASHINGTON— The Supreme Court was sharply divided Wednesday in the latest challenge to President Barack Obama's health overhaul, this time over the tax subsidies that make insurance affordable for millions of Americans. The justices aggressively questioned lawyers on both sides of what Justice Elena Kagan called "this never-ending saga," the latest...

  • WASHINGTON— From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates. "The U.S. is doing well, you're getting a lot of good news in Europe," said Nariman Behravesh, chief economist at IHS Global Insight. Weaker growth in China has also hurt...

  • TOKYO— North Korea is trying to invigorate its hidebound economy by offering more control and possibly more personal rewards to key sectors of its workforce in the country's biggest domestic policy experiment since leader Kim Jong Un assumed power. The focus is on management, distribution and farming, said economist Ri Ki Song of the Economic Science Section...

  • SHANGHAI— China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for a share of China's $465 billion technology market, saying Wednesday that the law is purely designed to address domestic security issues.

  • China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were "to do business with the United States". Fu Ying, China's parliamentary...

  • BEIJING— China's official military budget will grow by about 10 percent in the coming year, a legislative spokeswoman said Wednesday, amid unease among Beijing's neighbors about its growing might and territorial ambitions. The spending reflects China's growing power and desire to assert itself in the region and globally. Fu told a news conference that...

  • WASHINGTON, March 4- The U.S. Supreme Court will consider on Wednesday a second major legal attack on President Barack Obama's healthcare law, with conservative challengers taking aim at a pivotal part of the statute that authorizes tax subsidies to help people afford insurance. If the court rules against the Obama administration, up to 7.5 million people in at...

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

  • RIO DE JANEIRO— The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court's permission to open investigations against 54 people, most expected to be top political figures. Rousseff hasn't been directly implicated in the scandal, denies wrongdoing and...

  • WASHINGTON— The Federal Reserve has worked hard to correct the mistakes exposed by the 2008 financial crisis, Fed Chair Janet Yellen said Tuesday. Yellen's remarks came in a speech in New York to the Citizens Budget Commission. Copies of the speech were made available in Washington.

  • But Japan's deputy chief trade negotiator, Hiroshi Oe, told reporters there were no discussions about currency manipulation, and if the issue was brought to the table it would derail any agreement. Japan yen's has slumped since late 2012, when Prime Minister Shinzo Abe returned to power and started pursuing aggressive stimulus policies, worrying U.S....

  • RIO DE JANEIRO— Brazil's attorney general on Tuesday asked the nation's Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's largest corruption scandal yet uncovered. Attorney General Rodrigo Janot's request to the top court opens an expansive new phase...

  • WASHINGTON— Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don't appear to have gotten a bump. Her largest asset is a Vanguard Index Trust investment fund valued at between $1 million and $5 million that she owns with her husband. Yellen and her husband also own some individual stocks including ConocoPhillips, Raytheon,...