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  • WASHINGTON, Nov 5- Three major companies, citing the under-representation of minorities in science and technology fields, are urging the U.S. Supreme Court to uphold affirmative action in university admissions in a closely watched case to be argued next month. Technology services company IBM Corp, chemical manufacturer DuPont and chip maker Intel Corp...

  • LONDON, Nov 5- The congestion at Brazilian grain terminals is worsening and U.S. soybean suppliers may have reason to celebrate. Average wait times outside Paranagua, which ships up to 20 percent of Brazil's exportable soybeans, reached 43 days last month. Elsewhere in Brazil, queues have also been mounting.

  • WASHINGTON, Nov 4- When Ajay Ahir agreed to come to the United States, he had no idea the recruiter promising a high-wage welding job and legal residency in America was lying. He borrowed 500,000 rupees to pay the recruiter's fees, told his wife to wait for him in India, and set off to make his fortune. After that visa expired and Eagle went out of business, the U.S....

  • Nov 3- CBS Corp, owner of the most-watched U.S. CBS, home to shows such as "Homeland", "The Affair" and "NCIS: New Orleans", said revenue from affiliates and fees from subscriptions together rose 9.2 percent in the third quarter. Net income from continuing operations rose to $426 million, or 88 cents per share, in the third quarter ended Sept 30, from $72 million, or 13 cents per...

  • Nov 3- CBS Corp, owner of the most-watched U.S. CBS, home to shows such as "Homeland," "The Affair" and "NCIS: New Orleans," said revenue from affiliates and fees from subscription together rose 9.2 percent in the third quarter. Net income from continuing operations rose to $426 million, or 88 cents per share, in the third quarter ended Sept 30, from $72 million, or 13 cents per...

  • Oct 29- A U.S. appeals court on Thursday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what federal prosecutors called a $7.2 billion Ponzi scheme. The 5th U.S. Circuit Court of Appeals in New Orleans turned aside 10 arguments raised by Stanford. Prosecutors said he ran a two-decade...

  • Allen Stanford loses appeal of Ponzi scheme conviction Thursday, 29 Oct 2015 | 3:22 PM ET

    Oct 29- A U.S. appeals court on Thursday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what federal prosecutors called a $7.2 billion Ponzi scheme. The 5th U.S. Circuit Court of Appeals in New Orleans turned aside several arguments raised by Stanford, including that the trial court...

  • NEW YORK, Oct 6- U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, a former U.N. ambassador from Antigua and Barbuda who was general assembly president from 2013 to 2014, was accused in a complaint...

  • LONDON, Oct 2- The commodities "supercycle", it is now generally accepted, is over. Slowdown in China, the lynchpin of the whole concept, is turning out to be a lot harder than anyone expected with industrial metal prices sliding across the board. Zinc's "supercycle" price peak of $4,580 per tonne, basis three-month metal on the London Metal Exchange, came in November...

  • Last Tuesday, when the California firm Morris Polich& Purdy filed the initial motion to consolidate litigation by VW owners who claim they were tricked by the automaker's "clean diesel" claims, its brief cited "at least 20 actions" in seven jurisdictions. As of Wednesday, VW and Audi owners whose vehicles have been tainted by the emissions scandal have filed class...

  • NEW YORK, Sept 24- Coca-Cola Co said on Thursday it plans to sell nine production facilities to three of its largest independent bottlers as it seeks to unload low-margin assets and reduce manufacturing costs in the United States. The bottlers, Coca-Cola Bottling Co Consolidated, Coca-Cola Bottling Company United and Swire Coca-Cola USA, will acquire the nine...

  • Sept 24- Coca-Cola Co said its Coca-Cola Refreshments bottling unit was considering selling nine plants in the United States to three independent bottlers to reduce costs. As part of the plan, Coca-Cola Bottling Co will buy plants in Virginia, Maryland, Indiana and Ohio, Coca-Cola Bottling Co United will buy a plant in New Orleans and Swire will buy plants in...

  • *Glencore says liquidating over $1.5 bln of inventories. LONDON, Sept 18- Substantial amounts of base metal zinc could be released onto world markets, weighing further on fast falling prices, as major producer Glencore implements a plan to liquidate some of its commodity inventories to help pay off debt. But mining and trading company Glencore may add further to...

  • BURAS, La./ Ho Chi Minh City, Sept 15- Savun Sim looked dejected as a large plastic vacuum hose sucked 2,600 pounds of wild Gulf of Mexico shrimp from his trawler's ice hold. With dock prices at their lowest since 2009, pressured by a flood of cheap imports from shrimp farms across Asia, Sim said he would barely cover the cost of fuel for his two-day voyage at the far...

  • LONDON, Sept 15- There sure is a lot of zinc in New Orleans. This morning's latest stocks report from the London Metal Exchange showed another 26,600 tonnes of zinc being warranted at the U.S. port. The headline total hit a low point of 426,875 tonnes on Aug. 6, at which stage exchange stocks were down by almost 264,000 tonnes, or 38 percent, on the start of the year.

  • BURAS, La./ Ho Chi Minh City, Sept 15- Savun Sim looked dejected as a large plastic vacuum hose sucked 2,600 pounds of wild Gulf of Mexico shrimp from his trawler's ice hold. With dock prices at their lowest since 2009, pressured by a flood of cheap imports from shrimp farms across Asia, Sim said he would barely cover the cost of fuel for his two-day voyage at the far...

  • *Court: SEC notice not needed before suing under Dodd-Frank. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York revived a lawsuit in which Daniel Berman, a former finance director at the NeozOgilvy unit of advertising company WPP Plc, claimed he was fired because he reported accounting irregularities to his superiors. Circuit Judge Jon Newman accepted...

  • Sept 8- A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said investors who bought...

  • A transformed New Orleans Friday, 28 Aug 2015 | 1:51 PM ET
    A transformed New Orleans

    CNBC's Scott Cohn reports from New Orleans,10 years after Hurricane Katrina, on the progress in rebuilding where homes once stood. Moody's says New Orleans is economically stronger than it was before Katrina.

  • Katrina: The long road home Friday, 28 Aug 2015 | 10:37 AM ET
    Katrina: The long road home

    CNBC's Scott Cohn reports from New Orleans, 10 years after Hurricane Katrina, on progress made in the "Road Home" program.