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  • PHILADELPHIA— Drew Lewis, a businessman who served as U.S. transportation secretary under President Ronald Reagan during the 1981 air traffic controllers' strike, has died at age 84.. Lewis, who lived on a farm in Lower Salford, in the Philadelphia suburbs, died Wednesday in Prescott, Arizona, of complications from pneumonia, said his son, Andy Lewis.

  • HAVANA— The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday. Barring other major announcements, it would be the most significant development in U.S.- Cuba trade since Presidents Barack...

  • NEW YORK, Feb 12- As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. Jack Ablin, chief investment officer at BMO Private Bank in Chicago, views that as a positive sign. "My suspicion is that you are seeing institutions nibble at extremely compressed valuations," said Peter Kenny, equity market...

  • WASHINGTON, Feb 12- U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.. "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said Paul Ashworth, chief...

  • The FDA rules will require restaurants and other establishments that sell prepared foods and have 20 or more locations to post the calorie content of food "clearly and conspicuously" on their menus, menu boards and displays. Cathy McMorris Rodgers, R- Wash., would leave the Food and Drug Administration rules requiring the labeling in place but make it easier for...

  • CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 1.25 cents lower at $4.57 a bushel; March corn was. 25 cent lower at $3.60 a bushel; March oats were unchanged at $1.9140 a bushel; while March soybeans was 2.50 cents lower at $8.7060 a bushel. April live cattle was. 65 cent higher at $1.3018 a pound; March...

  • *U.S. export sales, China return boost soybean market. *Wheat traders eye Egypt tender result after ergot row. PARIS/ SINGAPORE, Feb 12- Chicago soybeans extended gains to one-week highs on Friday, as higher than expected U.S. export sales and the prospect of post-holiday demand in China boosted demand prospects.

  • That question is now cleared for trial in France, after an appeals court there ruled that an aggrieved user can sue the social network over the issue. "If can't see the difference between an artistic masterpiece and a pornographic image, we in France." "It's another hole in the fabric, at least in Europe, when it comes to users' rights running counter to the way these...

  • CHICAGO _ Ventas Inc. on Friday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $346.3 million, or $1.03 per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.01 per share.

  • Feb 12- Some 38 percent of U.S. multinationals, universities and non-profits surveyed by an arm of the State Department are allowing female employees to defer travel or leave countries where the Zika virus has been reported. The State Department's Overseas Security Advisory Council, which has a membership of more than 3,500 U.S. companies and institutions...

  • SINGAPORE, Feb 12- Chicago soybeans climbed to a one-week high on Friday, rising for a second session on support from strong demand for U.S. exports as the market eyes the return of Chinese buyers to make further purchases. Chicago Board Of Trade most-active soybeans are up 0.9 percent this week, partially recouping last week's 1.7 percent loss.

  • SYDNEY, Feb 12- U.S. soybeans edged up to a one-week high on Friday and was set to post a weekly gain of nearly 1 percent, underpinned by strong demand for U.S. supplies. *The USDA said on Thursday morning that weekly export sales of soybeans totalled 601,000 tonnes. *The USDA reported weekly corn export sales of 346,100 tonnes, well below forecasts for 800,000 to 1.1...

  • Senate panel to hear from U.S. antitrust bosses Thursday, 11 Feb 2016 | 6:03 PM ET

    WASHINGTON, Feb 11- The Senate Judiciary Committee's antitrust subcommittee will hear from the top U.S. antitrust bosses next month to discuss a wave of big mergers over the past year, according to a staffer briefed on the hearing. The Justice Department's Bill Baer, the assistant attorney general for the antitrust division, and Edith Ramirez, chairwoman of the...

  • Knowles reports 4Q loss Thursday, 11 Feb 2016 | 5:19 PM ET

    ITASCA, Ill. _ Knowles Corp. on Thursday reported a loss of $187 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Four analysts surveyed by Zacks expected $305 million.

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year, as grain and livestock prices remain stubbornly low, according to reports from Federal Reserve Banks on Thursday. Access to such credit tightened in the fourth quarter, and is expected to continue to be squeezed in...

  • Groupon reports 4Q loss Thursday, 11 Feb 2016 | 4:23 PM ET

    CHICAGO _ Groupon Inc. on Thursday reported a fourth-quarter loss of $46.5 million, after reporting a profit in the same period a year earlier. Seven analysts surveyed by Zacks expected $841 million. Groupon expects full-year revenue in the range of $2.75 billion to $3.05 billion.

  • CHICAGO, Feb 11- U.S. soybean futures rose 1.3 percent on Thursday as the U.S. Agriculture Department's report of stronger-than-expected exports spurred a round of short-covering, traders said. "All things considered, we still have some demand," said Bill Gentry, a broker at Risk Management Commodities in Chicago. The USDA said on Thursday morning that weekly...

  • NEW YORK, Feb 11- After a brutal selloff that sent shares of small companies reeling, some investors have been starting to come back selectively to some of those stocks, but for the group as a whole, recovery could take a while. The index is down 27 percent from its June 2015 high and three quarters of the companies in that index have lost at least 20 percent, which puts...

  • *Deep skepticism that U.S. rate hikes will happen in 2016. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. As she did at a House of Representatives panel on...

  • Boeing stock plunges on report of SEC accounting probe Thursday, 11 Feb 2016 | 12:35 PM ET

    NEW YORK— Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting. Shares of the Chicago- based company fell 12 percent at one point during the day, about an hour after Bloomberg News published a report that said the SEC was looking into the cost and sales...