• Largest 31 US banks all pass Fed 'stress tests' of their strength in case of severe recession

    Updated: Thu, Mar 5, 2015

    WASHINGTON (AP) — Largest 31 US banks all pass Fed 'stress tests' of their strength in case of severe recession.

  • Hotel chain Mandarin Oriental confirms credit card hack

    Updated: Thu, Mar 5, 2015

    NEW YORK (AP) — High-end hotel chain Mandarin Oriental is the latest company to reveal that its credit card systems were hacked. The company said Thursday that its hotels in the U.S. and Europe were affected, but did not specify which ones. Mandarin Oriental operates about 30 hotels...

  • Maine fishermen set record $585M haul in 2014

    Updated: Thu, Mar 5, 2015

    ROCKPORT, Maine (AP) — Maine's fishermen hauled in a huge catch worth a state record $585 million last year, buoyed by an unprecedented surge in the value of the state's beloved lobsters. Fishery officials said Thursday that the total value of the catch jumped $44 million from 2013 to...

  • Largest US banks all pass latest round of Fed 'stress tests'

    Updated: Thu, Mar 5, 2015

    WASHINGTON (AP) — 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 says. Results of the Fed's annual "stress tests" show that as a group, the 31 banks are stronger than they have been at...

  • AbbVie and Costco are big market movers

    Updated: Thu, Mar 5, 2015

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE AbbVie Inc., down $3.41 to $56.86 The drug developer will boost its portfolio by spending $21 billion in a cash-and-stock deal to buy drugmaker...

  • New Jersey announces $225M Exxon settlement; had sought $9B

    Updated: Thu, Mar 5, 2015

    NEWARK, N.J. (AP) — New Jersey announced a $225 million settlement with Exxon Mobil on Thursday that state officials said is the largest environmental settlement against a corporate defendant in state history — though it has been criticized by Democratic lawmakers who say it is for a...

  • Lawmakers weigh tourism, local control in school year debate

    Updated: Thu, Mar 5, 2015

    DES MOINES, Iowa (AP) — Summer foot traffic is what keeps Iowa's Adventureland, with its famed wooden roller coaster and sprawling water park, in business. That is, until mid-August. As the season wears on, rides aren't filled, concession sales lag and fewer vacationing families roam...

  • Maker of device in 'superbug' outbreak lacked FDA clearance

    Updated: Thu, Mar 5, 2015

    WASHINGTON (AP) — The manufacturer of a medical instrument at the center of a recent "superbug" outbreak in Los Angeles did not receive federal clearance to sell an updated version the device, according to officials from the Food and Drug Administration. The FDA confirmed that Olympus...

  • Ringling Bros. Circus to give up elephant acts in 3 years

    Updated: Thu, Mar 5, 2015

    POLK CITY, Fla. (AP) — The family that owns the Ringling Bros. and Barnum & Bailey Circus won't say just what it was that made them finally decide to remove elephant acts from the "Greatest Show on Earth." The move announced Thursday is bittersweet and didn't come easily, Feld family...

  • Ships collision briefly shuts part of Houston Ship Channel

    Updated: Thu, Mar 5, 2015

    HOUSTON (AP) — A section of the Houston Ship Channel has been reopened after a brief shutdown caused by the collision of two ships. The Coast Guard says no pollution and no injuries have been reported after the 892-foot container ship Montealegre (mon-tee uh-LEG'-ruh) and 445-foot...

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