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  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • WASHINGTON, May 22- Legislation key to sealing a Pacific trade pact passed another critical test in the U.S. Senate on Friday, boosting hopes for a deal that is central to President Barack Obama's strategic shift toward Asia. For the second time in two days, the Senate voted to limit debate on a bill, 61 to 38, granting the White House authority to speed trade deals...

  • May 22- U.S. miner Arch Coal Inc is in talks with restructuring advisers as it seeks to reduce its debt, the Wall Street Journal reported on Friday, citing sources familiar with the matter. Arch Coal and its rivals have been under pressure as power utilities switch to cheaper natural gas and big consumers such as China reduce imports. Arch Coal said in a statement...

  • SANTA BARBARA May 22- Government prosecutors are investigating the company at the center of the California oil spill for possible criminal sanctions, according to the district attorney of Santa Barbara- a city that helped spawn the modern environmental movement. Perhaps one of the worst places on Earth for a crude oil leak, Santa Barbara is a beautiful...

  • LOS ANGELES, May 22- Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific trade. Members of the International Longshore and Warehouse Union voted 82 percent in favor of the new...

  • SPRINGFIELD, Va., May 22- Much about the National Geospatial-Intelligence Agency remains classified, but the U.S. spy agency that maps and analyzes the earth is opening up more than ever, from sharing computer source code on a public website to tapping new sources of intelligence. The National Security Agency's page premiered this week, and the Defense...

  • May 22- Amgen Inc said it will terminate a collaboration with AstraZeneca Plc to develop a psoriasis drug after it observed suicidal thoughts in the subjects of a trial. AstraZeneca could decide on the development and marketing of the drug for all territories, except for Japan and certain Asian territories, where Kyowa Hakko Kirin has the rights to it, Amgen said.

  • Chris Christie's administration has reached a deal to pay $7.6 million to a firm the state contracted to help handle applications for its Superstorm Sandy housing recovery program. The state Department of Community Affairs reached the agreement on Thursday with Hammerman and Gainer Inc., also called HGI, department spokeswoman Lisa Ryan said.

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • PORTLAND, Ore.— An Oregon medical marijuana patient who was badly burned in an explosion while he was legally using butane as a solvent to make hash oil is suing the makers and sellers of the fuel. Kevin Tveisme, 28, of Portland, was injured in 2013 when his furnace clicked on, igniting butane vapor. The explosion destroyed his garage and injured a friend, Joseph Westom,...

  • WASHINGTON, May 22- The U.S. Senate on Friday was poised to approve the "fast-track" authority that President Barack Obama says he needs to complete a 12- nation Pacific Rim trade deal central to projecting American influence in Asia. The Republican-controlled Senate narrowly rejected a push by some lawmakers to include rules to punish currency manipulators, a...

  • WASHINGTON, May 22- The U.S. Senate on Friday rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners.

  • Correction: Earns-Liberty Media story Friday, 22 May 2015 | 5:47 PM ET

    ENGLEWOOD, Colo.— In a story May 8 about Liberty Media's earnings-- generated by Automated Insights using data from Zacks Investment Research-- the Associated Press reported erroneously the company's stock performance over the last 12 months. At that time, Liberty Media shares had risen 10.6 percent over the last 12 months. ENGLEWOOD, Colo.— ENGLEWOOD, Colo.— Liberty...

  • WASHINGTON— There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months. And on Friday, the government agency charged with calculating the economy's growth rate said it would adjust its methods in an effort to resolve the problem. Alec Phillips, an economist at...

  • HOUSTON, May 22- Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. A leak of 100,000 barrels of crude off Santa Barbara in 1969 led to bans on new leases for offshore...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • WASHINGTON, May 22- The U.S. Senate on Friday voted for a compromise on currency manipulation rules in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners.

  • How the Dow Jones industrial average fared on Friday Friday, 22 May 2015 | 5:28 PM ET

    The stock market capped a quiet week of trading on a down note on Friday. Major indexes fell from the start as oil drillers and other energy-related companies followed oil prices lower. Stocks spent much of the rest of the day drifting between losses and gains as investors considered a mixed bag corporate earnings and a slight increase in inflation.

  • Amgen ends work on experimental psoriasis drug Friday, 22 May 2015 | 5:27 PM ET

    NEW YORK— Drugmakers Amgen and AstraZeneca said Friday that some patients who took an experimental psoriasis drug experienced suicidal thoughts or behavior, and Amgen said it is ending development of the drug. Amgen was in charge of studying brodalumab, a potential treatment for moderate to severe plaque psoriasis and two other inflammatory diseases,...

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...