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  • WASHINGTON— Congress has sent President Barack Obama a bill to keep highway and transit aid flowing to states for another two months and prevent shutdown of summer construction projects. It's the 33rd time in more than six years that Congress has resorted to a temporary patch to keep transportation programs going, 12 bills specific to highway and transit...

  • Congress passes 2-month highway, transit aid extension Saturday, 23 May 2015 | 1:46 AM ET

    WASHINGTON— Congress sent President Barack Obama a bill to keep highway and transit aid flowing to states for another two months and prevent shutdown of summer construction projects. It's the 33rd time in more than six years that Congress has resorted to a temporary patch to keep transportation programs going, 12 bills specific to highway and transit...

  • HAMPTON, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday voiced strong support for keeping the U.S. Export-Import Bank open and accused Republican opponents who want to close the export-promoting lender of putting American jobs at risk. Some of the bank's biggest beneficiaries, including General Electric Co and Boeing Co, say closing Ex-Im will lead to the...

  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • Orion Energy reports 4Q loss Thursday, 21 May 2015 | 4:36 PM ET

    MANITOWOC, Wis. _ Orion Energy Systems Inc. on Thursday reported a loss of $4.7 million in its fiscal fourth quarter. The Manitowoc, Wisconsin- based company said it had a loss of 19 cents per share. Keywords: Orion Energy Systems, Earnings Report.

  • Arkansas governor proposes $87M bond package for project Thursday, 21 May 2015 | 12:22 PM ET

    Asa Hutchinson on Thursday said he's proposing that the state issue $87 million in bonds to help Lockheed Martin land a defense contract for its south Arkansas facility. "It's a competitive marketplace as to which company gets to produce the 55,000 vehicles for the Department of Defense, and we want to do the state's part to make sure that Lockheed Martin and...

  • Brady misses Street 3Q forecasts Thursday, 21 May 2015 | 8:09 AM ET

    MILWAUKEE _ Brady Corp. on Thursday reported fiscal third-quarter profit of $17.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Three analysts surveyed by Zacks expected $295.9 million.

  • Renters appear more satisfied in many pricey US cities Thursday, 21 May 2015 | 12:02 AM ET

    WASHINGTON— High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit. The finding comes from a survey released Thursday by Apartment List, a San Francisco- based...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • Rexnord meets 4Q profit forecasts Wednesday, 20 May 2015 | 4:27 PM ET

    MILWAUKEE _ Rexnord Corp. on Wednesday reported fiscal fourth-quarter net income of $32.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 54 cents per share. For the current quarter ending in June, Rexnord expects its per-share earnings to range from 26 cents to 28 cents.

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...

  • CHICAGO, May 20- Hormel Foods' chief executive cast doubt on federal forecasts for as much as 4 percent increase in turkey meat production on Wednesday, due to a devastating outbreak of avian flu that has "significantly challenged" its Jennie-O Turkey Store business. To date, the outbreak has led to the deaths or scheduled euthanizations of more than 38 million...

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, said it expected sales at its Jennie-O Turkey Store business to fall about 15 percent in the second half of the year, due to a supply shortfall caused by an avian flu outbreak in the United States. However, shares of the company, which reported a better-than-expected second-quarter profit and reaffirmed its...

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, reported lower-than-expected quarterly sales and said its Jennie-O Turkey Store business would be "significantly challenged" due to an outbreak of avian flu in the United States. The Jennie-O business, which accounts for about 18 percent of Hormel's revenue, got about 78 percent of its turkeys from its farms...

  • MINNEAPOLIS— Hormel reported a record second-quarter profit of $180.2 million Wednesday despite a bird flu scourge that has cost producers nearly 8 million turkeys and chickens in its home base of Minnesota alone. The company's quarterly per-share profit of 67 cents was a nickel better than Wall Street had expected, according to poll by Zacks Investment...

  • Balancing act for House Democratic Leader Pelosi on trade Wednesday, 20 May 2015 | 2:37 AM ET

    WASHINGTON— As House Speaker, Nancy Pelosi delivered the signature achievement of President Barack Obama's first term: his health care bill. Democratic lawmakers point out that there's little political upside for Democrats to grant Obama "fast track" authority to negotiate trade deals that Congress can approve or reject but not amend. Yet despite their...

  • NEW YORK— When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into online lenders and discovered a growing part of the sharing economy...

  • Yellen will be preceded by Chicago Fed President Charles Evans, who will talk about policy on Monday and Wednesday in Europe. "From Yellen, markets want to know whether or not she continues with that direction," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. On the earnings front, the week's top billing will be the world's...

  • NEW YORK, May 15- Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its...