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  • *Iran offers crude to Asia at discount to Saudi Arabia. LONDON, Feb 11- Oil slid on Thursday, dented by record U.S. crude inventories at the Cushing delivery point, worries about the demand outlook, and as Goldman Sachs said prices would remain low and volatile until the second half of the year. In a sign that producers are still competing for market share by lowering...

  • WASHINGTON— State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise that Congress is a step away from sending to President Barack Obama. Since 1998, in the Internet's early days, Congress has passed a series of bills temporarily prohibiting state and local governments from imposing the types...

  • LAS VEGAS— The arrival of Uber and Lyft in Nevada last fall and a state audit accusing regulators of allowing cabs to charge $47 million in excessive fees each year have the powerful Las Vegas taxi industry and its overseers in the hot seat, facing down a recommendation that the agency be disbanded and its duties passed to another entity. Nevada lawmakers met this...

  • SEOUL, South Korea— Stocks shuddered again Thursday, led by a sharp drop in Hong Kong as it caught up with global market turmoil after Lunar New Year holidays. ANALYST'S TAKE: "What started in January as mainly China based worries has clearly broadened back out to concerns about global growth," said Shane Oliver, chief economist at AMP Capital in Sydney.

  • MORRO BAY, Calif.— The Latest on the leadership shakeup of the powerful California Coastal Commission:. The 7-5 vote by the California Coastal Commission came after an impassioned hearing of nearly 12 hours Wednesday in Morro Bay that ended in the ouster of Executive Director Charles Lester. The 12- member California Coastal Commission is expected to consider...

  • LOS ANGELES— The powerful agency that manages development on California's coastline fired its executive Wednesday after a lengthy and, at times, emotionally charged meeting that veered from accusations about the influence of developers and lobbyists to discussions on the mundane inner workings of government. The California Coastal Commission voted 7-5...

  • WASHINGTON— What's likely keeping Janet Yellen up at night? Everything from market volatility to weak overseas growth to a high-priced dollar that's made U.S. exports pricier and imports cheaper, judging from the Fed chair's testimony Wednesday to Congress. In her semiannual report to Congress, Yellen spent most of her time discussing the risks to the U.S....

  • So it made perfect sense to him to bring a convention meshing technology with pop culture to Silicon Valley. A sold-out crowd of about 30,000 engineers, entrepreneurs and pop-culture connoisseurs is expected to swarm into the Silicon Valley event. The marquee attractions on the entertainment side include William Shatner from the original "Star Trek" and "Back...

  • The company has set aside a "multi-million dollar investment" to start funding ideas that have the "right strategic fit," Bonny Simi, the president of the unit, told Reuters on Wednesday. The unit, JetBlue Technology Ventures, will operate from the GSVlabs campus in Redwood City, California. Simi, who is also a JetBlue pilot, will report to Eash Sundaram, the company's...

  • "The traditional structure of Fashion Week, particularly in New York, has been shifting for the past few seasons," said Alexandra Ilyashov, a fashion editor at the lifestyle website Refinery29. More than 230,000 people attend the New York events in February to see the designs for the coming fall and in September, for spring fashion. In recent years, the fashion shows,...

  • SINGAPORE, Feb 11- Chicago corn futures slid for a seventh consecutive session on Thursday with the market trading near its lowest since January 15, weighed down by slowing U.S. demand for corn-based ethanol and ample global supplies. Chicago Board Of Trade most-active corn contract fell 0.1 percent to $3.60 a bushel by 0254 GMT, having closed down 0.2 percent in...

  • *Inventories at Cushing delivery point hit record highs. SINGAPORE, Feb 11- Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year. Inventories at the Cushing, Oklahoma...

  • MEXICO CITY— Four families have sued global bank HSBC in federal court in Texas alleging that the bank permitted Mexican drug cartels to launder money and thereby provided material support to terrorists. Among the people represented are Jaime Zapata and Victor Avila, agents for U.S. Immigration and Customs Enforcement. HSBC did not immediately respond to a...

  • SYDNEY, Feb 11- U.S. corn fell for a seventh consecutive session on Thursday to linger near a one-month low as prices came under sustained pressure from ample global supplies and moves by Russia to ban U.S. imports. *USDA said on Tuesday that global wheat supplies would reach record levels this year due to falling consumption in China and India.

  • International benchmark Brent crude futures were trading at $60.62 per barrel at 0117 GMT, down 22 cents. West Texas Intermediate crude futures were at $26.96 per barrel, down 49 cents and within a dollar of the $26.19 a barrel 2003 low from January. Inventories at the Cushing, Oklahoma delivery point for U.S. crude futures rose to an all-time high just shy of 65...

  • So it made perfect sense to him to bring a convention meshing technology with pop culture to Silicon Valley. A sold-out crowd of about 30,000 engineers, entrepreneurs and pop-culture connoisseurs is expected to swarm into the Silicon Valley event. The marquee attractions on the entertainment side include William Shatner from the original "Star Trek" and "Back...

  • CAMBRIDGE, Mass. _ Forrester Research Inc. on Wednesday reported fourth-quarter profit of $2 million. On a per-share basis, the Cambridge, Massachusetts- based company said it had profit of 11 cents. Forrester Research shares have increased 6 percent since the beginning of the year.

  • NEWTON, Mass. _ TechTarget Inc. on Wednesday reported fourth-quarter profit of $2 million. For the current quarter ending in April, TechTarget said it expects revenue in the range of $24 million to $25 million. TechTarget shares have dropped 15 percent since the beginning of the year.

  • WASHINGTON, Feb 10- The White House vowed Wednesday that the United States would still meet international commitments to cut carbon emissions, seeking to allay concerns that the Supreme Court might take away one of its main weapons against climate change. And White House spokesman Eric Schultz said the administration has an array of tools available to reduce...

  • OLD GREENWICH, Conn. _ Ellington Residential Mortgage REIT on Wednesday reported fourth-quarter net income of $980,000, after reporting a loss in the same period a year earlier. The Old Greenwich, Connecticut- based company said it had net income of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.