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  • WASHINGTON— It flew through the Republican-run House in 2012, and a year later 79 of the Democratic-led Senate's 100 members embraced it. With Republicans now controlling both chambers of Congress, the chances for repealing the 2.3 percent tax on medical devices are better than ever. Created under Obama's expansion of health care coverage, the tax will raise...

  • What slowing economy? US consumers are in a mood to spend Saturday, 31 Jan 2015 | 12:05 AM ET

    WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • LOS ANGELES, Jan 30- California's Kern County was put on notice for a possible downgrade on Friday by ratings agency Moody's Investor Service, three days after the county declared a fiscal emergency. On Tuesday, Kern County in California's Central Valley declared a fiscal emergency, citing plunging oil prices and growing pension debt as the main reasons for a...

  • MINNEAPOLIS— The Roman Catholic Archdiocese of St. Paul and Minneapolis has assets totaling more than $45 million— including about $11 million in real estate— according to a schedule of assets and liabilities filed Friday in U.S. Bankruptcy Court. Archdiocese leaders have said bankruptcy is the best way to fairly compensate victims of clergy sexual abuse...

  • CHICAGO— Two suburban Chicago men were sentenced to prison time Friday for defrauding customers of a cash-management firm out of more than $665 million before the company collapsed in 2007.. Eric Bloom, 49, of Northbrook, was accused of misappropriating customers' securities by using them as collateral for a loan received from the Bank of New York Mellon Corp....

  • SAN FRANCISCO— Uber Technologies says that if you catch a ride with one of its drivers, your personal and financial data are safe— from Uber itself. The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its privacy and personal data policies. While popular with users and investors, the...

  • Uber probed by U.S. judge on driver benefits Friday, 30 Jan 2015 | 7:19 PM ET

    SAN FRANCISCO, Jan 30- A U.S. judge appeared skeptical on Friday about Uber's bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley's sharing economy. App-based ride service Uber, and smaller rival Lyft, face separate lawsuits seeking class action status in San Francisco federal court,...

  • LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...

  • IBM boss gets bonus despite company's woes Friday, 30 Jan 2015 | 6:34 PM ET

    SAN FRANCISCO— IBM boss Virginia Rometty will get a $3.6 million bonus for her performance last year, even though the company's sales and profits declined in 2014.. Rometty and other top executives did not take bonuses for 2013, after IBM turned in disappointing results for that year. IBM is also raising her target bonus to $5 million for 2015. In addition, the...

  • WASHINGTON/ SAN FRANCISCO, Jan 30- AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. Verizon and T-Mobile bids were $10.4 billion and $1.8 billion, respectively, according to the results of the Federal...

  • CHICAGO, Jan 30- GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners. CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for GFI Group, a derivatives broker, with BGC Partners Inc.. CME Group had planned to...

  • Final Glance: Gold companies Friday, 30 Jan 2015 | 6:02 PM ET

    Barrick Gold Corp. rose$. 49 or 4.0 percent, to $12.78. Gold Fields Ltd ADS rose$. 23 or 4.1 percent, to $5.90. Newmont Mining Corp. rose$. 98 or 4.1 percent, to $25.15.

  • Final Glance: Airlines companies Friday, 30 Jan 2015 | 6:02 PM ET

    Delta Air fell $2.90 or 5.8 percent, to $47.31. JetBlue Airways Corp. fell$. 37 or 2.1 percent, to $16.79. Southwest Airlines Co. fell $1.81 or 3.9 percent, to $45.18.

  • Final Glance: Specialty Retail companies Friday, 30 Jan 2015 | 6:02 PM ET

    Autozone Inc. fell $14.17 or 2.3 percent, to $596.96. Bed Bath& Beyond Inc. fell $2.08 or 2.7 percent, to $74.77. Best Buy fell$. 89 or 2.5 percent, to $35.20.

  • Final Glance: Insurance companies Friday, 30 Jan 2015 | 6:02 PM ET

    Aflac Inc. fell$. 57 or 1.0 percent, to $57.08. American International Group fell$. 39 or. 8 percent, to $48.87. MBIA fell$. 09 or 1.1 percent, to $8.02.

  • NYSE stocks posting largest volume decreases Friday, 30 Jan 2015 | 6:02 PM ET

    NEW YORK— A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. American Realty Investors Inc.: Approximately 100 shares changed hands, a 97.4 decrease from its 65- day average volume. The shares rose$. 09 or 1.6 percent to $5.70.

  • Final Glance: Leisure companies Friday, 30 Jan 2015 | 6:02 PM ET

    Las Vegas Sands Corp. fell $1.08 or 1.9 percent, to $54.37. MGM Resorts International fell$. 70 or 3.5 percent, to $19.48. Marriott International Inc. fell $2.61 or 3.4 percent, to $74.50.