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  • WASHINGTON, April 22- U.S. part-time employment is fast-approaching levels common since the 1970 s in a sign that a key part of labor market slack may be almost gone, giving the Fed one less reason to delay hiking interest rates frozen near zero for more than six years. Central bankers watch the part-time figures as a measure of labor market health.

  • CHICAGO, April 22- U.S. financial markets' size and complexity were a factor in how long it took to bring charges against a British trader accused of contributing to Wall Street's "flash crash" nearly five years ago, the head of the U.S. Commodity Futures Trading Commission said on Wednesday. "Sometimes it takes a long time to put cases together," CFTC Chairman Tim...

  • NEW YORK— A Massachusetts company is recalling 143,000 upright vacuum cleaners because of the risk of electric shock. The Consumer Product Safety Commission said Euro-Pro Operating LLC is recalling four models of its Shark brand Rotator Powered Lift-Airway vacuum cleaner. Some of the products were sold directly to consumers and others were sold at stores...

  • TREASURIES-U.S. yields rise with German bond selloff Wednesday, 22 Apr 2015 | 11:23 AM ET

    *Immediate risk from Greece reduced for time being. A stronger-than-expected rise in domestic existing home sales in March revived bets the Federal Reserve would raise interest rates later this year, overshadowing concerns about the absence of a deal between Greece and its creditors. Traders had snapped up Bunds since the European Central Bank began its 1.1...

  • LONDON, April 22- A British trader accused by U.S. authorities of an illegal role in the May 2010 Wall Street "flash crash" was granted bail by a London court on Wednesday after saying he opposed being extradited to the United States to face trial. The U.S. Justice Department said on Tuesday it had criminally charged Navinder Singh Sarao, 36, with wire fraud,...

  • CHICAGO, April 22- Farmers in the central U.S. grain and livestock states continued to take out new operating loans in the first quarter of 2015 as low grain prices failed to cover high costs for seed, rents and crop chemicals ahead of spring field work, the Federal Reserve Bank of Kansas City said on Wednesday. Corn prices set record highs in 2012 amid the biofuels...

  • April 22- Exxon Mobil Corp has agreed to pay $5.07 million to resolve allegations it violated the federal Clean Water Act and state environmental laws in connection with a 2013 oil spill in Arkansas, the U.S. Department of Justice and Environmental Protection Agency said on Wednesday. Under a consent decree made public on Wednesday, Exxon will pay $4.19 million...

  • LONDON, April 22- Navinder Singh Sarao, a trader accused by U.S. authorities of an illegal role in the "flash crash" that briefly wiped out nearly $1 trillion in market value in May 2010, told a London court on Wednesday he opposed being extradited to the United States. The U.S. Justice Department said on Tuesday it had criminally charged Sarao, 36, of west London, with...

  • LONDON, April 22- Navinder Singh Sarao, a trader accused by U.S. authorities of an illegal role in the "flash crash" that briefly wiped out nearly $1 trillion in market value in May 2010, told a London court on Wednesday he opposed being extradited to the United States. The U.S. Justice Department said on Tuesday that it had criminally charged Sarao, 36, of London, with...

  • VA pledges broad review of claims processing Wednesday, 22 Apr 2015 | 3:12 AM ET

    WASHINGTON— The Department of Veterans Affairs said Wednesday it has launched a top-down review of its handling of disability claims and pledged to punish those who falsify data as pressure mounted on Capitol Hill for personnel changes amid mismanagement investigations in Philadelphia and other VA facilities. Separately, the office of the VA inspector...

  • With bird flu spreading, USDA starts on potential vaccine Wednesday, 22 Apr 2015 | 1:17 AM ET

    MINNEAPOLIS— As losses to poultry producers continue to climb from a deadly strain of bird flu, the U.S. Department of Agriculture is working on a potential vaccine in response to the current outbreak. The USDA would then provide that seed strain to drug manufacturers if the agency ultimately decides the vaccine is necessary to stop avian influenza.

  • Up to now, the USDA has said it would prefer not to allow farmers to vaccinate their flocks, as doing so could prompt wider import bans on U.S. poultry and eggs in the $5.7 billion export market. The USDA has been working to develop a vaccine that would protect chickens and turkeys from this highly contagious strain of flu. The outbreak has dragged on longer than...

  • WASHINGTON, April 21- U.S. Federal Communications Commission officials studying the proposed merger of Comcast Corp and Time Warner Cable Inc are scheduled to brief FCC commissioners' staff on their review on Wednesday, according to two sources familiar with the plan. Comcast's merger with Time Warner Cable would combine the nation's two largest cable...

  • ST. PAUL, Minn.— The federal government says Green Tree Servicing LLC will pay $63 million to settle allegations of illegal loan servicing and debt collection practices. The Federal Trade Commission and the Consumer Financial Protection Bureau alleged the St. Paul- based company made illegal and abusive debt collection calls to consumers, misrepresented the...

  • Similar to dietary supplements, the FDA does not review the safety or effectiveness of homeopathic remedies before they are sold. In perhaps the most serious case, in 2009 the FDA ordered the maker of Zicam to stop marketing three products that contained zinc gluconate. In 2010, the FDA warned about reports of toxicity in children taking Hyland Homeopathic's...

  • McLEAN, Va.— The Justice Department said Tuesday that it is stepping into a long-running lawsuit against one of the nation's largest nursing-home chains, accusing it of systematic Medicare overbilling and sometimes putting frail, dying patients through arduous rehab schedules just to increase revenue. The department is taking control of a whistleblower...

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • Released just days before the April 24 deadline for public comment on newly proposed FAA drone regulations, the report's sponsors include companies that are involved in drone technology or hope to use the devices to cope with hurricanes, earthquakes, wild fires and other disasters. The sponsors include Boeing Co, Lockheed Martin Corp, United Parcel Service...

  • The number of hens that'll have to be killed at a northwest Iowa farm was revised downward Tuesday, from 5.3 million to 3.8 million. The smaller— yet still large— figure is the actual number of chickens at Sunrise Farms instead of the capacity of the farm, which the U.S. Department of Agriculture and Iowa agriculture officials gave Monday. A total of eight Midwestern...

  • April 21- Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Financial Times. Rosengren said he wanted the Federal Open Market Committee to debate about whether the United...