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Merck no longer expects April approval for surgery drug sugammadex after FDA cancels meeting

Fri, 03/13/2015 - 4:50pm
Drugmaker Merck & Co. no longer expects its experimental injection sugammadex to be approved next month after another regulatory setback.
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Argentina warns Citibank it could lose banking license if it doesn't pay bondholders

Fri, 03/13/2015 - 4:43pm
The Argentine government is warning Citibank that it could lose its license in the South American country if it follows the order of a U.S. judge.
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Week Ahead: All Eyes on the FOMC Statement

Fri, 03/13/2015 - 4:43pm
Every investor's eyes will be focused on the Federal Reserve's policy statement and whether the word ‘patient’ stays in or is removed from a statement following a two-day meeting among Federal Open Market Committee members.
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Dayton pressures railroads to pony up for safety upgrades across Minnesota

Fri, 03/13/2015 - 4:42pm
Gov. Mark Dayton gave railroad companies and Republicans a public tongue-lashing Friday for their resistance to his tax plan to fund safety improvements across Minnesota's railroad network.
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How the Dow Jones industrial average and other major indexes fared on Friday

Fri, 03/13/2015 - 4:33pm
The stock market was hit hard Friday, capping a third week of declines, as investors reacted to a steep drop in oil prices and a jump in the value of the dollar.
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Atlantic City casino union pickets Taj Mahal over health insurance, pension elimination

Fri, 03/13/2015 - 4:24pm
With billionaire investor Carl Icahn poised to take over their casino, hundreds of union members picketed outside the Trump Taj Mahal Casino Resort on Friday, protesting the elimination of health insurance.
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Residents near former refineries decry New Jersey settlement with Exxon; lawmaker vows fight

Fri, 03/13/2015 - 4:08pm
Standing at the edge of a park that separates a blue-collar neighborhood of modest single-family homes from a highway and a former Exxon Mobil refinery site, Arlene Dudas pointed to a spot where kids used to skate on a frozen pond each winter.
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U.S. Stocks Post Third-straight Weekly Loss

Fri, 03/13/2015 - 4:08pm
U.S. stocks suffered another bout of selling on Friday and the main indexes registered losses for a third week in a row.
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US appeals court: Federal Chemical Safety Board can probe offshore oil spills, including BP's

Fri, 03/13/2015 - 3:59pm
In a case with potentially far-reaching consequences, a federal appeals court has again found that the U.S. Chemical Safety Board has the authority to investigate offshore oil spills.
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Wheat,corn, oats and soybeans lower on the CBOT; beef and pork lower on the CME.

Fri, 03/13/2015 - 3:48pm
Grain futures were lower Friday on the Chicago Board of Trade.
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GameStop Stock Rises As Video Games Have Big February

Fri, 03/13/2015 - 3:46pm
Shares of video game retailer GameStop Corp. were up 2.5% Friday afternoon, after an upbeat industry report from The NPD Group.
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Switzerland's UBS paying $135M to settle claims of aiding currency-rate rigging by big banks

Fri, 03/13/2015 - 3:23pm
Switzerland's largest bank, UBS, has agreed to pay $135 million to settle claims that it helped rig currency-exchange rates in a scheme involving some of the world's biggest banks.
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The Risk of Losing Patience

Fri, 03/13/2015 - 3:16pm
To be patient, or not to be patient: That is the question facing the Federal Reserve. Will the word's removal from next week's FOMC statement tempt our financial structure into the 'seven deadly vices?'
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Autonomous car to give preview of road trip of future in cross-country US journey

Fri, 03/13/2015 - 3:13pm
Call it a preview of the cross-country road trip of the future.
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Energy Dept. Said To Eye Purchase Of Up To 5 Million Barrels Of Oil

Fri, 03/13/2015 - 3:11pm
The U.S. Energy Department is considering the purchase of up to five million barrels of crude oil for the Strategic Petroleum Reserve, according to reports Friday.
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Lew provides details to Congress of emergency measures he will employ to avoid debt limit

Fri, 03/13/2015 - 2:58pm
Treasury Secretary Jacob Lew is telling Congress the steps he will be taking once the federal government hits the debt limit on Monday.
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Target Canada announces 16 store closures across Canada next week as it winds down operations

Fri, 03/13/2015 - 2:54pm
Target says it will shut 16 stores across Canada next week, the first wave of store closures that will eliminate 17,000 jobs when all Target Canada stores are closed.
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Will a Crack in the Luxury Real Estate Market Trickle Down?

Fri, 03/13/2015 - 2:54pm
When the very rich start saying, they'll ‘hardly pay that ridiculous price’ -- do take note of the ‘tune.’ It's changing.
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Lawmakers refocus on proposed tax on sugary drinks; measures targeting bottles, bags doubtful

Fri, 03/13/2015 - 2:50pm
A proposed tax on sugar-sweetened beverages may be seeing new life in Vermont, while prospects for new revenue from bottle deposits and a tax on grocery bags look dim.
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Oil Futures Suffer Weekly Drop Of 9.6% On Nymex

Fri, 03/13/2015 - 2:46pm
Oil futures fell on Thursday to tally a weekly loss of 9.6% as the market continued to fret over the glut of U.S. crude supplies.
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