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  • District Judge Shira Scheindlin in New York ordered Wyly and the estate of his late brother Charles to pay damages of $187.7 million plus interest to the SEC, after a jury found them liable for fraud in May. The SEC has since said the total, including interest, should be $299.4 million, which is one of the largest awards ever sought from individual defendants in a U.S....

  • Figures on government spending and debt Monday, 20 Oct 2014 | 5:54 PM ET
  • AbbVie to pay Shire $1.64B fee over nixed merger Monday, 20 Oct 2014 | 5:49 PM ET

    NORTH CHICAGO, Ill.— AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee. The two companies said Monday that they deal was off following the decision last week by AbbVie's board to withdraw support from the proposed acquisition. North Chicago- based AbbVie had envisioned...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • SAN FRANCISCO, Oct 20- Texas Instruments Inc posted third-quarter results above expectations and its CFO said business was healthy, in contrast to recent concerns on Wall Street about a possible slowdown in chip demand. Texas Instruments' quarterly results on Monday came after Chandler, Arizona- based Microchip on Oct 9 warned of weak demand in China that would...

  • In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC "intentionally and strategically" singled him out by pursuing an administrative proceeding to force a settlement, rather than sue him in federal court. In a Sept. 30 complaint, the SEC alleged that Peixoto made $47,100 in December 2012 by trading illegally in Herbalife put options, after...

  • Helix Energy beats 3Q profit forecasts Monday, 20 Oct 2014 | 5:45 PM ET

    HOUSTON _ Helix Energy Solutions Group Inc. on Monday reported third-quarter profit of $75.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO, Oct 20- Amaya Gaming Group Inc, which has pivoted to focus on the fast-growing online gambling market, said on Monday it is exploring a sale of its Cadillac Jack subsidiary that makes slot machines and electronic bingo games for casinos. Amaya said its strategic review process will consider varied alternatives for the Cadillac Jack business with the...

  • Labor Secretary Perez pushes Obama jobs proposals Monday, 20 Oct 2014 | 5:35 PM ET

    WASHINGTON— Labor Secretary Tom Perez sought Monday to re-energize President Barack Obama's stalled push for raising the minimum wage from $7.25 to $10.10 an hour and for making paid leave for mothers of newborns more widely available. Perez formerly headed the Justice Department's civil rights division and has been mentioned as a possible replacement...

  • Rates rise at weekly US Treasury auction Monday, 20 Oct 2014 | 5:31 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills reaching their highest level since July. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, up from 0.010 percent last week. For a $10,000 bill, the three-month price was $9,999.49, while a...

  • Equity Lifestyle Properties reports 3Q results Monday, 20 Oct 2014 | 5:31 PM ET

    CHICAGO _ Equity Lifestyle Properties Inc. on Monday reported a key measure of profitability in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 66 cents per share. For the current quarter ending in December, Equity Lifestyle Properties expects its per-share funds from operations to...

  • SAN FRANCISCO, Oct 20- Microsoft Corp will provide free cloud-computing and research applications to qualified medical researchers working on the Ebola virus, the software company's chief executive said on Monday. Azure is the name of Microsoft's cloud-computing platform, essentially a group of datacenters that allow users to access large amounts of...

  • *Dow recovers from IBM earnings miss. NEW YORK, Oct 20- A measure of global equity markets rose on Monday after strong U.S. corporate results lifted Wall Street, despite a quarterly earnings miss from IBM, building on positive sentiment that grew out of a surge in Japanese shares. On Wall Street, IBM shares closed down 7.1 percent at $169.10.

  • Celanese beats Street 3Q forecasts Monday, 20 Oct 2014 | 5:21 PM ET

    IRVING, Texas _ Celanese Corp. on Monday reported profit of $253 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Analysts expected $1.74 billion, according to Zacks.

  • Leaking North Dakota oil well contained Monday, 20 Oct 2014 | 5:14 PM ET

    WILLISTON, N.D.— North Dakota oil regulators say a well that leaked oil, gas and brine for more than two days was brought under control over the weekend. Oil and Gas Division spokeswoman Alison Ritter says the out-of-control XTO Energy Inc. well in McKenzie County was under control by 6:30 p.m. Saturday. The North Dakota Department of Health says the incident...

  • East West Bancorp tops Wall Street 3Q forecasts Monday, 20 Oct 2014 | 5:12 PM ET

    PASADENA, Calif. _ East West Bancorp Inc. on Monday reported third-quarter profit of $88.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. For the current quarter ending in December, East West Bancorp expects its per-share earnings to range from 63 cents to 65 cents.

  • Packaging Corp. meets 3Q profit forecasts Monday, 20 Oct 2014 | 5:09 PM ET

    LAKE FOREST, Ill. _ Packaging Corp. of America on Monday reported third-quarter net income of $104.4 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.26 per share. Analysts expected $1.5 billion, according to Zacks.

  • UPS increases some shipping rates by 4.9 percent Monday, 20 Oct 2014 | 5:05 PM ET

    ATLANTA— UPS says it is raising rates for a number of its shipping services by an average of 4.9 percent for 2015.. The Atlanta- based company said Monday it is increasing rates for its ground, air, international, UPS Freight, and UPS air freight rates within and between the U.S., Canada and Puerto Rico. The increase goes into effect on Dec. 29.

  • *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results limited gains. IBM shares slumped 7.1 percent to $169.10, the biggest drag on both the Dow and S&P 500, after third-quarter earnings fell well short of Wall Street expectations.

  • WASHINGTON, Oct 20- U.S. officials will examine how to boost efficiency of the Strategic Petroleum Reserve now that domestic energy production is booming, according to a letter from a Department of Energy official. "DOE believes that a broad, long-range strategic review of the SPR needs to be accomplished," Christopher Smith of the DOE Office of Fossil Energy,...