More Business Articles

  • Rhode Island judge: Pension lawsuit may go forward

    PROVIDENCE, R.I. (AP) — A lawsuit brought by public sector unions and retirees over Rhode Island's 2011 pension overhaul can now move forward, a judge ruled Wednesday, days after both sides said a lengthy mediation had failed. Superior Court Judge Sarah Taft-Carter denied the state's motion...

  • Fed survey: Growth picks up across most of US

    WASHINGTON (AP) — A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released...

  • Illinois-based Astellas to pay $7.3M settlement

    NORTHBROOK, Ill. (AP) — The U.S. Justice Department announced Wednesday that an Illinois-based pharmaceutical company will pay $7.3 million to resolve allegations involving the marketing of the drug Mycamine (MY'-kuh-meen). Northbrook-based Astellas Pharma US Inc. manufactures and sells...

  • House panel hears bill on pay day loan curbs

    PROVIDENCE, R.I. (AP) — The House Finance Committee has heard testimony on a bill that would prohibit "pay day" lenders from charging as much as 260 percent interest on the loans. The legislation, sponsored by Rep. Frank Ferri, was being considered Wednesday afternoon. It would eliminate a...

  • Some exempted from minimum wage, increased or not

    WASHINGTON (AP) — Some workers won't benefit even if a long-shot Democratic proposal to raise the federal minimum wage becomes law. That's because more than a dozen categories of jobs are exempt from the hourly minimum, currently $7.25. Those exclusions run from some workers with...

  • Oil flat near $104 despite huge stock build

    Oil rose one penny Wednesday as worries about upheaval in Ukraine canceled out a huge increase in U.S. oil supplies. Benchmark U.S. crude for May delivery closed at $103.76 a barrel in New York. Brent crude for June delivery, a benchmark for international varieties of crude, closed at $109.36...

  • Geneva talks on Ukraine face steep hurdles

    MOSCOW (AP) — Thursday's high-level talks in Geneva on Ukraine come as the country's eastern regions are awash in turmoil and pro-Russian insurgents have seized police stations and government buildings in at least nine cities. But for all the anxiety about Ukraine's future — bolstered by...

  • CEO of regional carrier PSA Airlines to retire

    FORT WORTH, Texas (AP) — PSA Airlines, which operates regional flights for US Airways, says that its CEO and president will retire and be replaced by the president of US Airways Express. The company said Wednesday that Keith Houk, 66, will retire on Aug. 31 after more than 25 years at PSA...

  • Astellas to pay $7.3M in drug-marketing settlement

    NEW YORK (AP) — A unit of Japanese drugmaker Astellas Pharma will pay the U.S. government $7.3 million to resolve claims it illegally marketed its antifungal drug Mycamine for children before that use was approved. The U.S. Department of Justice says Astellas' illegal marketing took place...

  • If filed, plane lawsuits might not get heard in US

    BEIJING (AP) — Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States. But past lawsuits show U.S. federal courts are more likely to throw such cases out if...

  • Janet Yellen: Fed stimulus still needed for job market

    NEW YORK (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. In her first major speech on Fed policy, Yellen sought to explain...

  • Washington unemployment rate steady; state adds 6,700 jobs

    OLYMPIA, Wash. (AP) — The state added an estimated 6,700 jobs in March and the unemployment rate is holding steady at 6.3 percent, according to a report released Wednesday by the state Employment Security Department. Officials said that the rate matches February's jobless numbers, which had...

  • Former Anglo Irish Bank chairman cleared of fraud

    LONDON (AP) — A jury Wednesday cleared former Anglo Irish Bank chairman Sean FitzPatrick of all fraud charges related to a loans-for-shares scheme that preceded the bank's 2009 collapse. The 65-year-old FitzPatrick had denied providing illegal financial help to selected clients. The verdict...

  • Energy state Dems in Senate races split from Obama

    CHARLESTON, W.Va. (AP) — Natalie Tennant is scrapping to keep a West Virginia Senate seat Democratic, even as the state moves sharply to the right. And she's hoping her defense of the state's coal industry will separate her from unpopular President Barack Obama. It's a proven strategy for...

  • France targets welfare for big spending cuts

    PARIS (AP) — France's new prime minister announced plans Wednesday to cut 21 billion euros ($29 billion) from state pensions, health care and the social safety net as a part of a 50 billion-euro effort to rein in the country's debt and deficit. Manuel Valls said his top priority is curbing...



From the Weekly Standard