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  • He added that the trucks comply with U.S. Environmental Protection Agency emissions standards and California's own tough emissions standards. It adds to legal problems for Detroit- based GM, which has already paid about $2.5 billion in penalties and settlements over faulty ignition switches linked to 124 deaths. They include Mercedes-Benz parent Daimler...

  • WASHINGTON— Restaurants, grocers and other businesses are celebrating as House Republicans back off efforts to eliminate the cap on fees that banks can charge retailers when customers use a debit card. The chairman of the Financial Services Committee, Rep. Jeb Hensarling, had pushed for scrapping the limit as part of his legislation to gut the Dodd-Frank law.

  • NEW YORK— In a story May 24 about Sean Hannity, The Associated Press reported erroneously that Seth Rich was a Democratic National Committee chairman. Fox News' Sean Hannity says a media watchdog is guilty of' liberal fascism' for targeting his advertisers. NEW YORK— Sean Hannity says a media watchdog is guilty of "liberal fascism" for targeting advertisers on his...

  • NEW YORK, May 25- U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The discretionary index was up 1.2 percent, while the S&P 500 retail index was up 1.9 percent, on track for its best day since Nov. 7. Tommy Hilfiger owner PVH...

  • NEW YORK, May 25- U.S. Treasury yields fell slightly on Thursday on doubts whether the Federal Reserve would raise interest rates more than once by the end of 2017 as it signaled it is preparing to shrink its $4.5 trillion balance sheet later this year. It's a very pedestrian trading day, "said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • TORONTO, May 25- Freeport McMoRan Inc said Thursday that mining and milling rates at its Grasberg mine in Papua, Indonesia have been affected by an extended strike, and a "large number" of approximately 4,000 absentee workers were deemed to have resigned. Escalating labor tension is a further disruption for Freeport, entangled in a lengthy dispute with Indonesia...

  • *Q1 costs plunge 30.6 pct to $4 bln. Quarterly sales, however, continued their years-long decline, while the company's cash balance fell to $264 million as of April 29 from $286 million at Jan. 28. Sears, which sold its Craftsman tools brand to Stanley Black& Decker in March, said it had cut up to $700 million in costs to date since February as part of a program to reduce...

  • BRUSSELS, May 25- A smiling Donald Trump offered European Union chiefs assurances on security in Brussels on Thursday but EU officials did not conceal lingering differences with the U.S. president over Russia, trade and climate change. "The leaders discussed... shared challenges in fighting global terrorism," the White House said in a statement.

  • Appeals Court refused on Thursday to reinstate his temporary travel ban on people from six Muslim-majority nations, delivering another blow to the White House in a legal battle likely headed to the Supreme Court. The appeals court was reviewing a March ruling by Maryland- based federal judge Theodore Chuang that blocked part of Trump's March 6 executive...

  • TAORMINA, Sicily— Not only have many of the faces changed at this year's Group of Seven summit of leading wealthy democracies, but also many national positions. Since the group's meeting last year, Britain has decided to leave the European Union. Here's a look at some key issues at the summit Friday and Saturday in Taormina, Sicily:.

  • He added that the trucks comply with U.S. Environmental Protection Agency emissions standards and California's own tough emissions standards. It adds to legal problems for Detroit- based GM, which has already paid about $2.5 billion in penalties and settlements over faulty ignition switches linked to 124 deaths. They include Mercedes-Benz parent Daimler...

  • TORONTO, May 25- Distributed ledger technology, a new approach for processing transactions that is being widely tested across the financial industry, is not yet mature enough to run a national interbank payment settlement system, the Bank of Canada said on Thursday. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency...

  • May 25- The U.S. 4th Circuit Court of Appeals in Virginia on Thursday refused to reinstate President Donald Trump's temporary travel ban for six Muslim-majority nations, in another legal blow to the White House. The appeals court was reviewing a March ruling by a Maryland- based federal judge that blocked part of Trump's March 6 executive order barring...

  • ATHENS, May 25- Greece's former prime minister Lucas Papademos was injured when a booby-trapped package exploded in his car in central Athens on Thursday, police said, in the most dramatic act of political violence in the crisis-hit country for several years. Police said Papademos's injuries were not life-threatening, and an Athens hospital source told...

  • NEW YORK, May 25- U.S. gasoline retailers stocked up on fuel sold in New York Harbor Thursday ahead of the Memorial Day holiday weekend, traders said, marking a bullish start for the critical summer driving season. A lack of product coming into New York harbor from Europe tightened inventories, said Andrew Lebow, senior partner at Commodity Research Group in Darien,...

  • HOUSTON, May 25- U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down. Law firm Haynes and Boone LLP said the U.S. oilfield sector experienced 127...

  • NEW YORK, May 25- The U.S. 4th Circuit Court of Appeals ruled on Thursday to keep largely in place a block on President Donald Trump's temporary travel ban for six Muslim-majority nations. A majority of judges on the appeals court in a 10-3 decision said they were "unconvinced" the travel order had more to do with national security concerns than a "Muslim ban."

  • APPEALS COURT SAYS CHALLENGERS LIKELY TO SUCCEED IN CLAIM TRAVEL BAN VIOLATED THE U.S.

  • 4 TH CIRCUIT FIND CHALLENGERS' ARE LIKELY TO SUFFER IRREPARABLE HARM' IF TRAVEL BAN IS IMPLEMENTED.

  • 4 TH CIRCUIT IS' UNCONVINCED' TRAVEL ORDER HAS MORE TO DO WITH NATIONAL SECURITY THAN TRUMP'S PROMISED MUSLIM BAN.