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  • WASHINGTON— The chief U.S. auto safety regulator says Fiat Chrysler will face sanctions for violating safety laws in multiple recalls. National Highway Traffic Safety Administration chief Mark Rosekind says the agency will act before Labor Day and that the automaker will face enforcement action. The agency has authority to fine companies as much as $35...

  • NEW ORLEANS— BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.. When the Deepwater Horizon oil rig exploded in April 2010, it killed 11 people and spread miles of black oil across the Gulf Coast before the...

  • STOCKHOLM, July 2- Buying only parts of the GE Appliances business would not make sense, the head of Sweden's Electrolux said on Thursday, fighting to salvage a $3.3 billion deal after the United States moved to block it. The U.S. Justice Department filed a lawsuit on Wednesday to stop the Swedish company from buying General Electric Co's appliance unit, saying a...

  • WASHINGTON— Loud but hardly universal catcalls from Republicans underscored the obstacles and opportunities ahead as U.S. and Cuban leaders announced an opening of embassies in Havana and Washington and a resumption of diplomatic relations severed the year President Barack Obama was born. Obama also called on Congress to lift the economic and travel...

  • SAO PAULO, July 1- A Braskem SA shareholder sued the Brazilian petrochemical producer on Wednesday, accusing it of involvement in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock. Plaintiff Douglas W. Peters is seeking class action status for the lawsuit, filed in a Manhattan federal...

  • Poll: Approval for Supreme Court health care decision Wednesday, 1 Jul 2015 | 4:43 PM ET

    WASHINGTON— A new poll finds that most Americans approve of the recent Supreme Court decision preserving the health care law's subsidized insurance premiums for people in all 50 states. Overall, 62 percent approved, while 32 percent disapproved, said the survey released Wednesday by the nonpartisan Kaiser Family Foundation. Opponents of the law had argued...

  • NASHVILLE, Tenn., July 1- Fresh from another Supreme Court validation of his landmark healthcare law, President Barack Obama visited healthcare hub Nashville, Tennessee on Wednesday to push state governments to expand the Medicaid health program for the poor. Without expansion, 6.9 million low-income Americans, including 292,000 in Tennessee, will not get...

  • Supreme Court ruling against a federal regulation aimed at cutting air pollution from power plants will limit growth for Cabot Corp and Calgon Carbon Corp, which make activated carbon used to curb mercury emissions. The tiny $80 million market for activated carbon could have shot up to $300 million- $350 million by 2017, analysts had said.

  • NEW YORK— The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out. In forms filed with the Securities and Exchange Commission on Wednesday, the companies disclosed that...

  • SAO PAULO, July 1- A Braskem SA shareholder has sued the Brazilian petrochemical producer, accusing it of being involved in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock. Plaintiff Douglas W. Peters is seeking class action status for the lawsuit, filed in a Manhattan federal court...

  • NASHVILLE, Tenn., July 1- Fresh from another Supreme Court validation of his landmark healthcare law, President Barack Obama visited healthcare hub Nashville, Tennessee on Wednesday to push state governments to expand the Medicaid health program for the poor. Without expansion, 6.9 million low-income Americans will not get Medicaid assistance, said the...

  • SALT LAKE CITY— More than 50 new laws took effect Wednesday in Utah, including measures requiring high school students to pass a U.S. citizenship test, restrictions on electronic-cigarette sellers and expanded death benefits for families of fallen police officers and firefighters. Most of the 500 laws state legislators passed this year took effect May 12, a...

  • Colleges brace as top court weighs race in admissions Wednesday, 1 Jul 2015 | 10:35 AM ET
    The U.S. Supreme Court Building in Washington.

    After SCOTUS said it would revisit an affirmative action case, colleges expressed concerns about the potential costs of replacing diversity programs.

  • Bill allows sale of 2nd Ohio prison to private operator Wednesday, 1 Jul 2015 | 10:19 AM ET

    COLUMBUS, Ohio— The state can sell a central Ohio prison to a private company under a bill on the way to Gov. The legislation approved last month authorizes Ohio to put North Central Correctional Institution in Marion up for sale on the condition it's still run as a prison. The facility is currently state-owned but operated by Utah- based private prison company...

  • ZURICH, July 1- The Swiss government said on Wednesday Thomas Bauer, an expert in banking law and combating money laundering, would become the new chairman of the financial regulator FINMA from January 2016. FINMA drew some criticism this year over its handling of allegations surrounding HSBC Holdings Plc's Swiss business. The government also named on...

  • VIENNA— A court in Austria has rejected a class-action lawsuit against Facebook alleging invasion of privacy, saying it lacks jurisdiction in the case. The suit was brought by Austrian law student Max Schrems on behalf of 25,000 Facebook users who claimed the social network is illegally tracking their data, including by providing them to U.S. intelligence...

  • Google's YouTube loses appeal in German copyright case Wednesday, 1 Jul 2015 | 8:17 AM ET

    FRANKFURT, July 1- A German regional court has ruled that Google's video-sharing website YouTube must prevent users from posting material that infringes copyright law once such a video has been brought to its attention. In a case brought by German performing rights organization Gema, the regional court of Hamburg on Wednesday upheld the ruling of a lower...

  • What's next for California's contentious vaccine law Wednesday, 1 Jul 2015 | 5:32 AM ET

    Jerry Brown has signed a hotly contested California bill to impose one of the strictest school vaccination laws in the country in the wake of an outbreak of measles at Disneyland late last year. After a measles outbreak at Disneyland in December sickened over 100 people in the U.S. and Mexico, Democratic Sens. Richard Pan of Sacramento and Ben Allen of Santa...

  • PORTLAND, Ore.— Oregon began easing into an era of legal marijuana Wednesday after an early morning pot celebration at the center of Portland. More than 40 years earlier, Oregon was the first state to decriminalize small amounts of pot. "Oregon has long been a pioneer on sensible marijuana policies," said Anthony Johnson, chief petitioner on Measure 91, the...

  • TOKYO— Julie Hamp, Toyota's most senior female executive, has resigned following her arrest in Japan on suspicion of drug law violations, the automaker said Wednesday. Hamp tendered her resignation through her attorneys on Tuesday, and Toyota Motor Corp. accepted it because of "the concerns and inconvenience that recent events have caused our stakeholders,"...