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  • In midday trading, Teekay shares fell more than 12 percent. Bermuda- based Teekay announced on Thursday that it will buy the oil tankers for $230 million. Shares of Teekay fell 67 cents, or 12.4 percent, to $4.73 in midday trading Friday.

  • Juno Therapeutics' stock surges in market debut Friday, 19 Dec 2014 | 11:51 AM ET

    NEW YORK— Shares of cancer treatment company Juno Therapeutics Inc. are surging 60 percent in their stock market debut. The Seattle- based company raised $264.5 million after selling more than 11 million shares at $24 per share. The stock is up $14.33 to $38.33 in morning trading.

  • US stocks inch higher after a big two-day rally Friday, 19 Dec 2014 | 11:51 AM ET

    CarMax jumped 10 percent after the used car dealership chain reported a surge in its latest quarterly earnings. Nike fell 4 percent after a drop in orders from Japan and developing markets in Asia overshadowed a strong quarter. The price of crude oil rose $1.80 to $56.16 a barrel in New York.

  • Amazon, Macmillan reach multiyear deal Friday, 19 Dec 2014 | 11:42 AM ET

    NEW YORK— Another major publisher has reached a multiyear deal with Amazon.com. The deal will allow Macmillan to set prices for e-books, an arrangement known as the "agency model," and appears similar to agreements Amazon reached in the past two months with Hachette Book Group and Simon& Schuster. Authors at Macmillan range from Jonathan Franzen and Hilary Mantel...

  • Tick-tock: Tips for last-minute shoppers Friday, 19 Dec 2014 | 11:31 AM ET

    PORTLAND, Ore.— The clock is ticking, and your holiday shopping list isn't complete. The National Retail Federation found that only about half of shoppers had finished shopping as of Dec. 10. That opens up lots of strategies for shopping that will keep you out of the crazy lines in stores at noon on Christmas Eve.

  • Report shows drop in Iowa farmland values Friday, 19 Dec 2014 | 11:27 AM ET

    AMES, Iowa— The average price of Iowa farmland fell nearly 9 percent in the past year, but it still remains far above the prices of a decade ago. A report from the Center for Agricultural and Rural Development at Iowa State University shows prices fell 8.9 percent, to an average of $7,943 an acre. "Commodity prices and farm income are settling back to more expected...

  • US STOCKS-Wall Street edges up to extend weekly gains Friday, 19 Dec 2014 | 11:27 AM ET

    *Brent holds above $60 a barrel. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90. It's kind of coming back to where we were about two weeks ago, "said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

  • GLOBAL MARKETS-Equities extend rally, oil rebounds Friday, 19 Dec 2014 | 11:03 AM ET

    LONDON/ NEW YORK, Dec 19- Equity markets worldwide extended the week's rally on Friday, and oil prices rebounded from recent lows as traders said investors were starting to reduce exposure as the end of year approaches. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to...

  • The euro hovered near a 28- month low against the greenback, while the dollar touched a more than one-week high against the yen in a continuation of dollar strength on the back of the Fed's hints at tighter monetary policy on Wednesday and looser policies in Europe, Japan and Switzerland. "Looking into 2015, the prospect of European Central Bank quantitative...

  • Sector Snap: Toy companies Friday, 19 Dec 2014 | 10:56 AM ET

    NEW YORK— The stocks of Mattel and Hasbro are sliding less than a week before Christmas, with BMO Capital Markets analysts expressing concern that the toy companies seem to be losing share to competitors. Both Hasbro and Mattel seem to be losing share to rivals that are mostly privately held, according to BMO, which also believes that they may end up with high...

  • Grain lower and livestock higher Friday, 19 Dec 2014 | 10:51 AM ET

    CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $6.5525 a bushel; Mar corn was 2.75 cents lower at $4.0825 a bushel; Mar oats were unchanged at $3.1625 a bushel; while Mar soybeans were unchanged at $10.4325 a bushel. Feb live cattle was 1.78 cent higher at $1.6030 a pound; Jan feeder...

  • WASHINGTON, Dec 19- The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury made deals to sell about 55 million shares in Ally Financial for $1.3 billion, which a Treasury official said was organized to take...

  • Unemployment rates fell in 41 US states last month Friday, 19 Dec 2014 | 10:35 AM ET

    The Labor Department said Friday that unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state. North Dakota's 2.7 percent unemployment rate was lowest in the nation, while Mississippi's 7.3 percent rate was the highest. The biggest job gains occurred in California, which added 90,100 jobs in November, followed by Florida,...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • New Jersey beach owner sues over dune project Friday, 19 Dec 2014 | 10:26 AM ET

    POINT PLEASANT BEACH, N.J.— A major Jersey shore beach owner is suing the state, the federal government and the borough of Point Pleasant Beach over a project to establish protective sand dunes along the state's shoreline. The work is being carried out by the U.S. Army Corps of Engineers as part of a beach replenishment project. John Buonocore Jr., a lawyer for the...

  • Early Glance: Railroad companies Friday, 19 Dec 2014 | 10:20 AM ET

    Canadian National Railway Co. fell$. 82 or 1.2 percent, to $66.63. Canadian Pacific Railway Ltd. fell $3.10 or 1.6 percent, to $188.47. Kansas City Southern rose $1.05 or. 9 percent, to $119.07.

  • Early Glance: Managed Care companies Friday, 19 Dec 2014 | 10:20 AM ET

    Cigna Corp. rose$. 08 or. 1 percent, to $104.66. Humana Inc. rose$. 48 or. 3 percent, to $149.55. UnitedHealth Group rose$. 31 or. 3 percent, to $102.55.

  • Early Glance: Homebuilders companies Friday, 19 Dec 2014 | 10:20 AM ET

    DR Horton rose$. 14 or. 6 percent, to $24.61. Hovnanian Enterprises Inc. fell$. 01 or. 4 percent, to $4.03. Lennar Corp. fell$. 34 or. 8 percent, to $43.34.

  • Early Glance: Silver companies Friday, 19 Dec 2014 | 10:20 AM ET

    Hecla Mining Co. rose$. 03 or 1.1 percent, to $2.69. Pan American Silver Corp. rose$. 20 or 2.1 percent, to $9.70. Silver Standard Resources Inc. rose$. 19 or 3.9 percent, to $5.01.

  • Early Glance: Staffing companies Friday, 19 Dec 2014 | 10:20 AM ET

    Kelly Services Inc. class A rose$. 02 or. 1 percent, to $16.49. Korn/Ferry International Inc. rose$. 27 or. 9 percent, to $29.43. ManpowerGroup rose$. 37 or. 5 percent, to $68.17.