Wall Street braces for hectic week of data, jobs and oil U.S. stock index futures pointed to flat open on Monday ahead of what could be a choppy week of trade, as investors await some last bits of key data that the Federal Reserve will examine before its crucial December meeting.
| By: Jenny Cosgrave
Tight budgets open $20 bln New York tunnel plan to private cash NEW YORK, Nov 30- Private money is expected to fund part of a $20 billion rail tunnel project linking New Jersey with Manhattan, according to a senior executive at the national rail network Amtrak. New Jersey and New York are on the hook for the rest, but financial hurdles both states face suggest they could try to tap the plan's private funding option to meet their...
| By: Hilary Russ and Edward Krudy
China offshore yuan up on suspected c.bank intervention SHANGHAI, Nov 30- The yuan jumped in late offshore trade on Monday on suspected intervention by Chinese state banks on behalf of the central bank but the onshore spot yuan closed weaker. Traders said the onshore spot yuan weakened because the People's Bank of China set the yuan's official midpoint at a three-month low while refraining from acting to support it...
Congress returns to looming deadlines on budget, highways WASHINGTON- Lawmakers are returning to Capitol Hill to wrap up work on the budget, highway funding and taxes, an end-of-the-year stretch that will test the standing of Republican leaders like House Speaker Paul Ryan with the GOP's tea party wing and its anti-establishment presidential candidates. The so-called omnibus spending bill represents a challenge...
Source: The Associated Press
| By: By ANDREW TAYLOR, Associated Press
ANALYSIS-In Brazil, farm barter is back - and bigger than ever With an era of cheap government farm credit ending as Brazil tries to curb runaway spending, farmers are seeking different ways to pay for fertilizer and equipment, potentially doubling the share of barter-based financing to 40 percent of the cost of the nation's crops, the most in at least a decade. For merchants, such as Cargill and CHS Inc, the largest U.S....
| By: Reese Ewing
NY program uses phone calls, text messages to teach English NEW YORK- Candelaria Lopez had tried to learn English before, but it didn't work. She couldn't always make it to class, and when she could, it was hard to find the energy to sit through a three-hour session after her long days as a farmworker in New York's Hudson Valley region. New York state launched the pilot through its Office for New Americans earlier this year.
Source: The Associated Press
| By: By DEEPTI HAJELA, Associated Press
'12 Days of Christmas' items top $34K, up 0.6 percent PITTSBURGH- Lords a-leaping is the U.S. economy slow to recover! The set of gifts spelled out in the final verse of the song would cost $34,131 this year, or 0.6 percent more than the adjusted 2014 price of $33,933. The bird in the bush rose 3.5 percent overall, mostly because partridges now cost $25 each, up from $20, because partridges are increasingly popular as...
| By: By JOE MANDAK, Associated Press
Fed to take up 'too big to fail' emergency lending curb WASHINGTON, Nov 30- The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.. As the financial crisis intensified in 2008, the Fed invoked its little-used emergency lending power to stave off the...