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  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • HOUSTON, Jan 27- Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more than half over the last six months from more than $100 per barrel, the U.S. oil industry responded by slowing its...

  • WASHINGTON, Jan 27- Rick Perry's farewell speech to the Texas legislature listed the accomplishments expected from an outgoing Republican governor of the country's largest oil-producing state. "We have expanded our economy while protecting our environment," said Perry, who is openly exploring a second White House run in 2016.. Conservative political...

  • Northeast, affecting up to 20 percent of Americans by making workers and students housebound, halting thousands of flights and prompting New York to ban cars from roads and halt subway trains. With memories still fresh of Sandy, a superstorm that ravaged the East Coast in 2012, the governors of six East Coast states declared emergencies, and the snow blast...

  • *Wall Street action curtailed by blizzard. The main European indices were expected to open higher, though foul weather in the United States will curb activity on Wall Street. Other moves were mostly modest and MSCI's broadest index of Asia-Pacific shares outside Japan was flat on the day.

  • NEW YORK— The huge snowstorm that hit the Northeast Monday had some small companies hunkering down and others coping with a spike in business. Many of the trips his Freehold, New Jersey- based company, Concorde Worldwide, makes are to airports, but more than 7,000 flights have been canceled through Wednesday, including those to nearby Newark Liberty...

  • U.S. securities class action lawsuits shrink in size Tuesday, 27 Jan 2015 | 12:01 AM ET

    Losses claimed by shareholders, measured by how much stock prices fell when alleged frauds were disclosed, shrank 45 percent in 2014 to an eight-year low of $57 billion, a study released Tuesday by Cornerstone Research and Stanford Law School showed. The average size dropped to $34 million, a three-year low, in 2014 from $86 million a year earlier, a study released...

  • BOSTON— A JetBlue flight has returned to the gate before takeoff from Boston because of an unspecified threat, but authorities say nothing hazardous has been found. Massachusetts state police spokesman David Procopio says passengers were taken off Flight 321 to Palm Beach, Florida, on Monday night. New York- based JetBlue Airways Corp. spokesman Sebastian...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Brent crude oil prices held above $48 on Tuesday following comments from OPEC that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent prospect of OPEC producers sitting down to discuss cutbacks until...

  • *Wall Street action curtailed by blizzard. SYDNEY, Jan 27- Asian share markets were mostly firmer on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece's election outcome without much disruption. Bad weather in the United States curbed activity on Wall Street in a busy week for earnings, while investors had reason for...

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • WASHINGTON, Jan 26- The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Republicans now in control of Congress seek to eliminate deficits within 10...

  • *Wall Street action curtailed by blizzard. SYDNEY, Jan 27- Asian shares moved higher on Tuesday and the euro clung to rare gains, relieved that European markets had weathered Greece's election outcome without much disruption. Bad weather in the United States curbed activity on Wall Street in a busy week for earnings, while investors had reason for caution as the...

  • Great Southern Bancorp beats 4Q profit forecasts Monday, 26 Jan 2015 | 7:21 PM ET

    SPRINGFIELD, Mo. _ Great Southern Bancorp Inc. on Monday reported fourth-quarter profit of $12.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Great Southern Bancorp shares have declined slightly more than 6 percent since the beginning of the year.

  • DES MOINES, Iowa— A proposed performance-based funding model for Iowa's three public universities could have a negative financial impact among schools in the state and hurt funding for some graduate programs, state lawmakers said Monday during a committee meeting. Board of Regents President Bruce Rastetter told the House appropriations committee that...

  • Stonegate Bank posts 4Q profit Monday, 26 Jan 2015 | 7:15 PM ET

    FORT LAUDERDALE, Fla. _ Stonegate Bank on Monday reported fourth-quarter profit of $5.2 million. Stonegate Bank shares have fallen slightly more than 4 percent since the beginning of the year. Keywords: Stonegate Bank, Earnings Report.

  • LOS ANGELES— A measles outbreak that originated at Disneyland has grown to 87 cases. The California Department of Public Health said Monday most of the infections— 73— are in California. The rest are in Arizona, Utah, Washington, Colorado, Oregon, Nebraska and Mexico.

  • The common currency last traded at $1.1245, off Monday's low of $1.1098- a level not seen since September 2003. However, buyers emerged in London and New York. "Perhaps the market rightly or wrongly is pinning some hopes on Mr Tsipras being more conciliatory," David de Garis, senior economist at National Australia Bank, wrote in a note to clients.

  • ANCHORAGE, Alaska— The federal Department of the Interior will make additional areas of Arctic Ocean waters off-limits to drilling when it announces a new five-year offshore drilling plan, a member of the Alaska congressional delegation said Monday. Lisa Murkowski, R- Alaska, said she was briefed last week by federal officials who told her the Obama...

  • The SEC approved it in a split vote, with the agency's two Republican commissioners dissenting over concerns it might create a windfall for class action attorneys. One researcher at Emory University found that of all the fair funds ever created by the SEC to compensate insider-trading victims, this will be the largest in history. The creation of the fund comes...