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Madoff victims await disbursement of $4B

Payment to 40,000 expected this year

Subscriber onlyThere's $4 billion at the Department of Justice for victims of Bernard L. Madoff's Ponzi scheme. Thousands of victims have been trying to tap the fund since it was set up three years ago, without seeing a penny. Many are elderly and live modestly. Some lost their life savings in the scam. Continue reading...

Trade deficit widens in December

In ’15, U.S. exports experience 1st annual decline since ’09

Subscriber onlyWASHINGTON -- The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the recession shrank global trade six years ago. Continue reading...

Produce prices swinging while weather does same

Subscriber onlyLOS ANGELES -- It's been a wild season in the winter produce market dominated by California growers. Continue reading...

Mississippi antes up for plant, shipyard

Incentives for $1.45B German tire factory total hundreds of millions of dollars

Subscriber onlyJACKSON, Miss. -- Mississippi lawmakers have approved hundreds of millions of dollars of state money and incentives for a tire plant in western Hinds County and a shipyard in Gulfport. Continue reading...

HSBC settles lending case for $470M

Subscriber onlyWASHINGTON -- Banking giant HSBC has reached a $470 million settlement with the federal government and nearly all states over mortgage lending and foreclosure abuses, the Justice Department announced Friday. Continue reading...

U.S. added 151,000 jobs in January

WASHINGTON — The U.S. economy added 151,000 jobs in January, a slowdown from recent months but still a sign of a solid job market. Employers raised pay, more people felt confident enough to look for work and the unemployment rate dipped to 4.9 percent, its lowest level since 2008. Continue reading...

Smiling Shkreli silent before House

Drug profit denounced

Subscriber onlyWASHINGTON -- Former pharmaceutical chief Martin Shkreli refused to testify Thursday in an appearance before U.S. lawmakers about price increases for a drug sold by a company that he acquired, vexing the committee members questioning him. Continue reading...

2 firms teaming to battle diabetes

Subscriber onlyJohnson & Johnson, continuing its quest for a Type 1 diabetes cure, is joining forces with biotech company ViaCyte to speed development of the first stem-cell treatment that could fix the life-threatening hormonal disorder. Continue reading...

Texas tough despite global oil glut

Many drillers still profitable with crude below $30 a barrel

Subscriber onlyWhile the crude industry is suffering from a global glut, Texas oil drillers are managing to stay afloat. Continue reading...

Online sites look to take haggle out of auto buying

Subscriber onlyDETROIT -- Haggling over a car price isn't always a bargain. There are discount offers and long waits while the salesman checks with his manager, among the many horror stories. Continue reading...

40% pay raise won't fly, Delta tells 13,000 pilots

Subscriber onlyDelta Air Lines Inc. said a pilots' proposal that includes raises of almost 40 percent compounded over three years isn't reasonable, suggesting contract talks with its 13,000 aviators may drag on. Continue reading...

GM's profit soars to $6.3B in 4Q

Most of GM’s workers to get $11,000 profit-sharing check

Subscriber onlyGeneral Motors earned $6.3 billion in the fourth quarter, helped by a large tax benefit tied to revalued assets in certain European countries. Continue reading...

Growth in service industries slows

Businesses affected by factory struggles, economists say

Subscriber onlyService industries expanded in January at the slowest pace in nearly two years, raising the risk that persistent weakness in manufacturing is starting to creep into the rest of the U.S. economy. Continue reading...

Oil's leap ends stocks' early slump

Subscriber onlyStocks staged a rapid comeback in late-afternoon trading to close solidly higher Wednesday, helped by a surge in the price of oil and a decline in the U.S. dollar. Continue reading...

Business news in brief

Subscriber onlyAcxiom to discuss 3rd-quarter results Acxiom Corp. will hold a conference call today to discuss its fiscal 2016 third-quarter financial results, which the company will release after markets close. Continue reading...