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  • NEW YORK, Aug 27- Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating...

  • NEW YORK, Aug 27- Oil rocketed more than 8 percent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more drawdowns...

  • NEW YORK, Aug 27- Oil rocketed more than 9 percent higher on Thursday in one of the biggest one-day rallies in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more...

  • NEW YORK, Aug 27- Oil rocketed more than 6 percent higher on Thursday in a snapback from a deep two-month slump as stock market rallies and news of diminished oil supplies drove a short-covering surge by bearish traders. Brent's front month rose $3.05 to $46.19 a barrel by 11:20 a.m. EDT, staging the biggest percentage gain since early this year and hitting...

  • MINNEAPOLIS— The Democratic National Committee barely has more cash than it does IOUs, and it is being outraised month after month by its Republican competitor. Jim Webb of Virginia and Lincoln Chafee of Rhode Island are scheduled to speak to attendees Friday. The Republican National Committee, coming out of years in the red, posted $63 million in receipts...

  • CHICAGO, Aug 27- As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. The average 25- year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market's recent peak on July 17 through...

  • NEW YORK, Aug 26- Longer-dated U.S. Treasuries prices stumbled on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The movement of the yield curve is consistent with Dudley's comments, "said Gene Tannuzzo, portfolio manager at...

  • NEW YORK, Aug 26- Most U.S. Treasuries prices rose on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The Fed is no hurry to raise rates even though it wants to get off to zero-bound rates, "said Brian Brennan, portfolio manager at T. Rowe...

  • Dish and Sinclair agree in principle on new contract Wednesday, 26 Aug 2015 | 10:42 AM ET

    NEW YORK— Dish Network and Sinclair Broadcast Group, one of the largest TV broadcasters in the U.S., said Wednesday they've agreed on the outline of a new contract, one day after Sinclair's channels went dark for Dish customers. Sinclair's channels include affiliates of ABC, CBS, CW, Fox and NBC in markets throughout the country, including Washington DC, Seattle/...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • OSHKOSH, Wis.— Wisconsin- based Oshkosh Corp. won a major contract Tuesday to build a new combat vehicle to replace a large share of the U.S. military's Humvee troop carriers. The Army and Marine Corps plan to buy as many as 55,000 JLTVs by 2040. Nearly 49,100 would be built for the Army with 5,500 going to the Marines. Pentagon officials declined during a briefing for...

  • The lawsuits were filed between last month and Monday by Ashley Madison users in California, Texas, Missouri, Georgia, Tennessee and Minnesota. "Needless to say, this dumping of sensitive personal and financial information is bound to have catastrophic effects on the lives of the website's users," according to a lawsuit filed Friday on behalf of an anonymous Los...

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • US home rents rose in July as ownership market cooled Tuesday, 25 Aug 2015 | 8:30 AM ET

    On a month-to-month basis, rents increased in Baltimore, Boston, Minneapolis, Phoenix and Washington, D.C. By contrast, home values in those markets declined. The trend is most pronounced around Washington, where home values slipped on an annual as well as on a monthly basis. Over the past 12 months, the median home price in Washington fell 0.7 percent to $356,500.

  • Aug 24- Geico, the auto insurance unit of Warren Buffett's Berkshire Hathaway Inc, agreed to pay $6 million to settle charges it discriminated based on gender, education level and occupation when quoting rates online, the California Department of Insurance said on Monday. The settlement lasts three years and resolves claims first raised by the Consumer...

  • NEW YORK— A New York auction of American coins from 1792 to the 1830 s could bring as much as $20 million. The coin was acquired in Philadelphia after its mintage by British author and House of Lords member William Strickland. "It's undoubtedly the most valuable $10 gold piece in existence and may also set a new record for any pre-Gold Rush United States gold coin,"...

  • DETROIT, Aug 21- U.S. safety regulators have opened an investigation into air bags on Honda Motor Co's 2008 Accord sedans after 19 complaints of air bags failing to deploy including in a front crash that resulted in an injury, federal officials said on Friday. It appears to be a problem separate from that of combustible air bag inflators made by Takata Corp in Honda...

  • It also was a win for the White House, which proposed the rules four years ago as part of an effort to go around an unwilling Congress in a bid to help low-wage workers through executive action. A federal judge had scrapped the Labor Department rules earlier this year after finding that the agency had overstepped its authority. But the U.S. Court of Appeals for the...

  • "We saw strange things in the data," said Chris Barnes, a former swaps trader now with ClarusFT, a London- based data firm. The missing transactions reflected an effort by some of the largest U.S. banks- including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley- to get around new regulations on derivatives enacted in the wake of the financial...

  • *U.S. crude falls to March 2009 lows just above $40/ bbl. *If US crude breaks below $40, could drop under $30- analysts. NEW YORK, Aug 19- U.S. crude oil slumped over 4 percent on Wednesday to hit a 6-1/ 2- year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.