Regulators seek faster safer tank car rules for crude trains
U S government proposes phasing out older DOT 111 tank cars carrying crude and flammable liquids amid debates over replacement designs speed limits and braking systems. The plan follows Lac Megantic style hazards and seeks public comment before final rules this year.
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Akron FirstMerit nets 59.5 million in Q2 2014
FirstMerit Corp reports Q2 2014 net income of 59.5 million, up from 53.5 million in Q1 and 48.5 million a year ago. The lender shows 361 million in loan growth, a 2.47 percent rise, with 379 banking offices and 400 plus ATMs across five states and assets around 24.6 billion as of June 30.
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SEC votes to end $1 share for some money funds
Regulators narrowly approve ending the fixed $1 share price for certain money market funds used by large investors. The SEC allows funds to block withdrawals or levy fees when assets fall below set levels, in a 3 to 2 vote.
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