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L.A. sues Price Waterhouse Coopers

March 7, 2015 LOS ANGELES — The city of Los Angeles sued Price Waterhouse Coopers on Friday, blaming the accounting firm for a botched billing system that cost the Department of Water and Power an estimated $88... more »»

US consumers increased borrowing by $11.6B

March 7, 2015 WASHINGTON — Consumers increased their borrowing in January at the slowest pace in more than a year with borrowing on credit cards actually declining for the second time in the last three months. more »»

A robust US job market is expected to keep delivering

March 6, 2015 WASHINGTON — Even after the most vigorous three-month hiring spree in 17 years, U.S. employers are showing few signs of letting u. more »»

European Central Bank: Recovery is strengthening

March 6, 2015 NICOSIA, Cyprus — The European Central Bank will unleash its 1.1 trillion euro ($1.2 trillion) stimulus program on Monday — and says the prospect is already boosting the eurozone economy. more »»

AbbVie to buy leukemia drugmaker Pharmacyclics for $21B

March 6, 2015 AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world’s top-selling drug. more »»

Largest US banks pass latest Fed 'stress tests'

March 6, 2015 WASHINGTON — All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. more »»

Serious strain of bird flu found in turkey flock

March 6, 2015 ST. PAUL, Minn. — Federal officials say a serious strain of bird flu has been found in a Minnesota commercial turkey flock. The U.S. more »»

Ban on plastic beads in cosmetics advances

March 6, 2015 DENVER — A measure to ban tiny plastic particles from soaps and cosmetic products has advanced in the Colorado Legislature. more »»

Merkel dampen talk of 3rd Greek bailout

March 5, 2015 BRUSSELS — German Chancellor Angela Merkel and the president of the European Union’s executive branch cautioned Wednesday against speculation that Greece will need a third financial bailout. more »»

McDonald’s chicken gets new standard: No human antibiotics

March 5, 2015 NEW YORK — McDonald’s says it plans to require chicken suppliers to stop using antibiotics important to human medicine within two years. more »»

Exxon CEO: Get used to lower oil prices

March 5, 2015 NEW YORK — Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. more »»

House passes Amtrak bill

March 5, 2015 WASHINGTON — In a rare burst of bipartisanship, the House moved Wednesday to boost Amtrak's popular service between Boston and Washington while giving states a greater say in the local routes they... more »»

China lowers growth target

March 5, 2015 BEIJING — China announced a lower economic growth target for this year and promised to open more industries to foreign investors as part of efforts to make its slowing economy more productive. more »»

Etsy files for IPO valued at up to $100M

March 5, 2015 NEW YORK — Online retailer Etsy is filing for an initial public offering of stock valued at up to $100 millio. more »»

US running out of room to store oil; price collapse next?

March 4, 2015 NEW YORK — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. more »»

Senate GOP tries to repeal NLRB rule on union elections

March 4, 2015 WASHINGTON — Republicans controlling the Senate moved Tuesday to try to reverse a new National Labor Relations Board rule that would shorten the time between a union’s request for representation and... more »»

Target to cut several thousand jobs

March 4, 2015 NEW YORK — Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. more »»

Brothers guilty of fraud at Systemax sent to prison

March 4, 2015 MIAMI — Two South Florida brothers who were once top executives with the Systemax Inc. more »»

Judge hears arguments over Citibank, Argentina

March 4, 2015 NEW YORK — A Citibank lawyer has warned a judge its Argentina branch will be in "great danger" if he refuses to let the nation pay interest to bondholders. more »»

US manufacturing slows as output and hiring weaken

March 3, 2015 WASHINGTON — U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. more »»



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