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  • Levin seeks crackdown on insider commodity trades Tuesday, 16 Dec 2014 | 10:52 AM ET
    Senator Carl Levin

    It's a parting shot at Wall Street by the Michigan Democrat, who is retiring next month.

  • Wyoming lawmakers endorse workplace fatality bill Tuesday, 16 Dec 2014 | 7:01 AM ET

    CHEYENNE, Wyo.— Lawmakers on Tuesday advanced a proposal that would sharply increase penalties when employee deaths occur because of safety violations at large companies in Wyoming, which has long been among the top states for workplace deaths. Mary Throne, D- Cheyenne, said it's critical that industry in Wyoming get the message that there are serious...

  • Senate OKs nominees and tax bill as term ends Tuesday, 16 Dec 2014 | 3:17 AM ET

    WASHINGTON— The Democratic-controlled Senate confirmed the last batch of President Barack Obama's judicial appointees and sent the White House legislation extending tax breaks for working-class millions and special interests alike late Tuesday as Congress ended a tumultuous two-year run. But dozens of Obama's nominees to agency positions won...

  • Obama backs bill imposing new sanctions on Russia Tuesday, 16 Dec 2014 | 2:25 AM ET

    WASHINGTON— President Barack Obama will sign legislation imposing new economic sanctions on Russia, the White House said Tuesday, as the U.S. claimed some credit for sparking Moscow's roiling currency crisis and moved to deepen the pain. Still, White House officials acknowledged there were no guarantees Russia's economic woes and another round of sanctions...

  • Defense, tourism among winners in spending bill Tuesday, 16 Dec 2014 | 2:04 AM ET

    WASHINGTON— A Michigan boot-maker, potato farmers and more than 1,200 contractors that supply parts for a next-generation fighter plane are among the many winners in the $1.1 trillion omnibus spending bill passed by Congress. The travel and tourism industry won a six-year renewal of the Corporation for Travel Promotion, or Brand USA, to promote tourism in the...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • NEW YORK/ SEATTLE, Dec 15- Corporate lobbyists, news organizations and academics joined forces with Microsoft Corp on Monday in the software company's legal battle with the U.S. government over access to customer data stored overseas. The diverse set of interests filed briefs with a federal appeals court in New York, urging it to reverse a judge's order that...

  • WASHINGTON, Dec 15- The Obama administration has not yet made a decision on whether the president will sign a bill authorizing new sanctions against Russia over its activities in Ukraine, a senior administration official said on Monday. The official, who declined to be identified, said the administration "remains deeply concerned about the aggressive actions...

  • SEATTLE, Dec 15- Technology companies Apple Inc, Amazon.com Inc, AT&T Inc and more than 20 others are supporting Microsoft Corp in the software company's legal battle with the U.S. government over access to customer data stored overseas. A U.S. judge ruled in late July that Microsoft must turn over a customer's emails stored in a data center in Ireland to U.S....

  • AP NewsBreak: Golden Nugget drops tax suit threat Monday, 15 Dec 2014 | 12:46 PM ET

    TRENTON, N.J.— Atlantic City's Golden Nugget casino dropped a threat Monday to file a lawsuit blocking a package of tax relief for Atlantic City's eight casinos. The casino's general counsel, Steven Scheinthal, told The Associated Press that proposed changes to a tax bill the Golden Nugget had vehemently opposed should be enough to protect it.

  • Dec 15- The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc. Trustee James Giddens, who has been seeking to recoup money for the brokerage's creditors, said lower court rulings granting margin assets...

  • *Company bonds fall as much as 4.3 cents in dollar as rouble slumps. LONDON, Dec 15- Dollar bonds of Russian companies suffered a fresh selloff on Monday, as the rouble's fall past the 60- per-dollar level and the threat of more sanctions fanned fears about future debt repayments. Adding to pressure on Russian markets was news that the U.S. Congress had passed a bill...

  • German family-owned businesses fear losing tax breaks Monday, 15 Dec 2014 | 10:27 AM ET

    BERLIN, Dec 15- Germany's Constitutional Court will rule this week whether it is legal to grant family-run firms inheritance tax breaks, in a decision that could deal a heavy blow to "Mittelstand" firms that form the backbone of the economy. Around 90 percent of German companies are family-run and they make a huge contribution to economy, employing more than half...

  • MOSCOW, Dec 15- The rouble hit further record lows on Monday and Russian shares fell, hurt by investor concern about possible new U.S. sanctions over the Ukraine crisis. After Russian markets closed last week, the U.S. Congress passed a bill setting out tougher sanctions on Moscow and authorising the supply of military aid to Ukraine. President Barack Obama has yet...

  • France to ban Uber's low-cost service in 2015 Monday, 15 Dec 2014 | 4:19 AM ET

    PARIS— Uber's low-cost ride ride-hailing service will be banned in France from the start of next year, the government said Monday as hundreds of taxi drivers blocked roads around Paris to protest what they claim are its unfair business practices. A new law tightening regulations for chauffeured rides will effectively ban the UberPop service as of Jan. 1, said...

  • Lawyer: Free speech at stake in anti-Muslim film Monday, 15 Dec 2014 | 12:09 AM ET

    A lawyer for Google argued that if a ruling stands allowing a bit player in "Innocence of Muslims" copyright privileges, it could extend to minor characters in blockbusters, shatter copyright law and ultimately restrict free speech because anyone unhappy with their performance could have it removed from the Internet. Chief Judge Sidney Thomas said the court...

  • Spending deal may not offer 2015 Congress road map Sunday, 14 Dec 2014 | 3:01 AM ET

    WASHINGTON— The U.S. Congress cleared a $1.1 trillion spending bill for President Barack Obama's signature after a day of Senate intrigue capped by a failed, largely symbolic Republican challenge to the administration's new immigration policy. The Senate passed the bill on a day Democrats launched a drive to confirm two dozen of Obama's stalled nominees to...

  • WASHINGTON, Dec 13- The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. Passage of the 1,603- page bill was a long, tough struggle in the Senate and the House of Representatives...