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  • NEW YORK, April 22- As the dollar's rally gained pace since the start of the year, shares of small companies followed, bid up by investors betting that such firms will be largely spared currency headwinds faced by big multinationals. First, the rally made many of the members of the small cap Russell 2000 index expensive. "It's very simple to say small cap is...

  • April 17- Drug developer Athersys Inc said its cell therapy failed in a mid-stage study testing it as a treatment for a type of stroke, sending its shares down more than 50 percent in premarket trading. Athersys said on Friday patients given the cell therapy did not show a significant difference from those given a placebo as measured by the Global Stroke Recovery...

  • Johnson has made her investments through Impresa Management LLC, whose key shareholders include trusts for her and two siblings, Edward C. Johnson IV and Elizabeth Johnson, according to recent disclosures with the U.S. Securities and Exchange Commission. One of its biggest holdings at the end of last year was a $353 million stake in Chinese Internet commerce...

  • March 20- A federal judge rejected Bank of America Corp's request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages. District Judge Elaine Bucklo in Chicago said Cook County could pursue allegations that the bank steered minority borrowers into an...

  • WASHINGTON, March 18- U.S. Senate Republicans on Wednesday proposed less aggressive federal budget cuts than their House counterparts, forgoing a massive revamp of the Medicare health system for seniors and setting up a conflict over defense spending. The Senate version would achieve a budget surplus a year later, in 2025, and assumes nearly $1 trillion in...

  • NEW YORK, March 17- Stocks mostly fell on Tuesday and crude oil prices dropped further as investors focused on a U.S. London's market was an exception, and Asian markets ended higher. U.S. crude oil hit a six-year low of $42.63 a barrel before recovering to $43.03, still down 1.9 percent.

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets on Friday that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices. "Any sign of undue strength will raise the spectre of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain, chief...

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain, chief...

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, knocking U.S. stock and bond prices lower on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain,...

  • LONDON, March 6- Brent crude oil steadied above $60 a barrel on Friday as a stronger dollar balanced worries over the impact of fighting in Libya and Iraq on Middle East and North African oil production. Brent was down 5 cents a barrel at $60.43 by 1450 GMT. "The economy, with respect to jobs, is doing a pretty good job of growing," said Bruce Mccain, Chief Investment...

  • *Wall Street futures down, S&P 500 faces second week of losses. LONDON, March 6- The dollar rose to an 11- year high against the world's major currencies and U.S. bond yields jumped on Friday, as U.S. jobs figures reinforced expectations the Federal Reserve will push ahead with its first rate hike in almost a decade. "Everyone was pretty soundly surprised by this," said...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • Audit the Fed misguided: Cleveland Fed Pres. Thursday, 26 Feb 2015 | 2:15 PM ET
    Audit the Fed misguided: Cleveland Fed Pres.

    Loretta Mester, Cleveland Federal Reserve President, talks about yesterday's hearings and whether the Fed has been too politicized. She also says she believes a June rate rise should definitely be an option.

  • YOUR MONEY-The silent struggle of seniors with debt Thursday, 26 Feb 2015 | 11:06 AM ET

    NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...

  • Road salt: The winter's $2.3 billion game changer Wednesday, 18 Feb 2015 | 1:49 PM ET
    A garbage truck which slid off a road in Gorham, Maine.

    The economics surrounding a certain commodity can be a game changer for city officials in the snow belt. And it's sitting on your dinner table.

  • Heavy snowfall and ice moving from the Southern Plains eastward pounded Missouri, Arkansas, southern Illinois, Tennessee, Kentucky, Indiana and Ohio, the National Weather Service said. With the storm headed east and sleet and freezing rain expected to also take a swipe at the South, North Carolina, Virginia, Mississippi and Georgia declared states of emergency.

  • Feb 16- Record-breaking cold gripped the Eastern United States on Monday as an icy winter storm crippled the nation's central states before it was expected to barrel toward the mid-Atlantic in time to snarl Tuesday's morning commute. Heavy snowfall and ice moving from the Southern Plains eastward pounded Missouri, Arkansas, southern Illinois, Tennessee,...

  • Icy storm encases central US, heads for DC Monday, 16 Feb 2015 | 12:45 PM ET
    The latest trend in Boston: Shoveling or raking the snow  on the roof so it doesn’t cave in.

    Record-breaking cold gripped the Eastern United States on Monday as an icy winter storm crippled the nation's central states.

  • Feb 16- Record-breaking cold gripped the Eastern United States on Monday as an icy winter storm crippled the nation's central states before it was expected to barrel toward the mid-Atlantic in time to snarl Tuesday's morning commute. Heavy snowfall and ice moving from the Southern Plains eastward pounded Missouri, Arkansas, southern Illinois, Tennessee,...

  • *Wave of inversion deals had many causes, experts say. *Earnings stripping, foreign profits seen as key. WASHINGTON, Feb 9- When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate.