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  • Bill gutting fracking bans advances in Texas Monday, 4 May 2015 | 6:24 PM ET

    HOUSTON, May 4- A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate. The bill, approved by the state's House of Representatives last month, now heads to the desk of Republican Governor Greg Abbott.

  • WASHINGTON, May 4- U.S. Senate Democratic leader Harry Reid wants to delay legislation granting President Barack Obama "fast-track" trade negotiating authority needed to complete a Pacific Rim deal until bills to authorize highway funding and renew a domestic surveillance program are debated. An aide to Reid confirmed he would try to delay the " Trade...

  • NEW YORK, May 4- A company that distributed films such as " Major League" and "Ace Ventura" was cleared to exit bankruptcy on Monday after a U.S. judge criticized a federal official for being too devoted to legal doctrine in trying to block the move. Judge Shelley Chapman, in New York, approved the settlement, under which bankrupt Inverness Distribution Ltd will repay...

  • House Speaker Shap Smith said Monday he expects the Legislature to complete its work for the year by May 15 or 16.. Both the House and Senate are pushing small school districts to merge to cut costs— eventually mandating them to do so, but the Senate's process would unfold more slowly. The Senate also disagrees with a House effort to put new caps on spending by local...

  • AUSTIN, Texas— Texas moved Monday to ban its own cities from imposing prohibitions on hydraulic fracturing and other potentially environmentally harmful oil and natural gas drilling activities within their boundaries— a major victory for industry groups and top conservatives who have decried rampant local "overregulation." Lawmakers in America's...

  • AUGUSTA, Maine— Maine Republicans are making another push to pass right-to-work legislation, but even Gov. Larry Lockman said it's time for Maine to join the 25 other states that have adopted laws guaranteeing "workplace freedom." "Let's set Maine workers free from the shackles of compulsory unionism and make our great state the first in New England to become a...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday agreed to consider the Obama administration's bid to revive a regulation aimed at encouraging efficiency in the electricity market by paying users to reduce consumption at peak times. The court agreed to hear an appeal filed by the U.S. Federal Energy Regulatory Commission seeking to reverse a May 2014 ruling...

  • WASHINGTON— The Supreme Court said Monday it will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption. The justices agreed to review a lower court ruling that struck down a Federal Energy Regulatory Commission rule that requires utilities to pay...

  • U.S. top court rejects hepatitis B drug patent case Monday, 4 May 2015 | 9:40 AM ET

    WASHINGTON, May 4- The U.S. Supreme Court on Monday brought to an end Bristol-Myers Squibb Co's attempt to revive patent protection for its Baraclude treatment for hepatitis B. The high court declined to hear Bristol-Myers' challenge to an appeals court ruling in favor of generic rival Teva Pharmaceutical Industries Ltd, which had successfully challenged the...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis.

  • SUPREME COURT LEAVES INTACT APPEALS COURT RULING THAT AWARDED $4 BILLION OF DISPUTED LEHMAN BROTHERS ASSETS TO BARCLAYS PLC.

  • SUPREME COURT AGREES TO HEAR FEDERAL ENERGY REGULATORY COMMISSION'S BID TO REVIVE ELECTRICITY MARKET "DEMAND-RESPONSE" REGULATION.

  • WASHINGTON— Former President Bill Clinton is publicly musing about his life in a future Clinton administration, saying he would consider stepping down from the foundation that he founded more than a decade ago, if his wife wins the White House. Bill Clinton has largely stayed on the sidelines during the early weeks of his wife's presidential bid, opting to focus...

  • ALBANY, N.Y.— A coalition of businesses and parents from around New York state are supporting legislation that would phase out the use of certain chemicals in toys. The bill, known as the child safe products act, would require manufacturers to phase out the use of chemicals deemed harmful, such as benzene, mercury and cobalt. The bill passed the Assembly last year but...

  • Dems from Venus, GOP from Mars on issues: Poll Sunday, 3 May 2015 | 4:43 PM ET
    Voters wait in line to enter a polling place at the Jamestown Town Hall before the poll opens Nov. 4, 2014, in Jamestown, North Carolina.

    Republicans and Democrats can't even agree on what they believe is the nation's biggest issue.

  • The legislation passed Friday clears the way for a possible takeover of Maui Memorial Medical Center by the nonprofit Hawaii Pacific Health or another operator, the Honolulu Star-Advertiser reported. Maui region managers of the state's public hospital network have been discussing a possible takeover with Hawaii Pacific Health for about six months.

  • Canada has promised to "harmonize" its regulations with the United States. The decision has angered the North American rail industry, but Transportation Secretary Anthony Foxx said his department believes it will stand up to any legal challenge. The Association of American Railroads, which has lawyers studying the rule, slammed the government for basing its...

  • Maine committee rejects concealed handgun bill Friday, 1 May 2015 | 2:22 PM ET

    AUGUSTA, Maine— A Maine legislative panel voted along party lines on Friday to reject a bill that would remove the requirement that people must get a permit to carry a concealed handgun. Eric Brakey's bill, but three GOP lawmakers who were absent may still submit their votes and are expected to support the proposal. The bill has sparked a fierce debate in Maine and...

  • WASHINGTON, May 1- A U.S. appeals court on Friday threw out a constitutional challenge to the U.S. Consumer Financial Protection Bureau. On a 2-1 vote, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said Nevada company Morgan Drexen Inc and an attorney who contracts with the firm, Kimberly Pisinski, had no legal grounds to make...