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  • US stocks open mostly higher after a two-day rally Friday, 19 Dec 2014 | 9:38 AM ET

    NEW YORK— Stocks are opening mostly higher in the U.S. as the market comes off a massive two-day rally. CarMax jumped 8 percent in early trading after the used car dealership chain reported a surge in its latest quarterly earnings. The price of crude oil rose $1.65 to $55.99 a barrel in New York.

  • First Niagara to lay off up to 200 in 4 states Friday, 19 Dec 2014 | 9:36 AM ET

    BUFFALO, N.Y.— First Niagara Financial Group Inc. says it will eliminate up to 200 jobs companywide in a move aimed at better serving customers and boosting competitiveness. The Buffalo- based bank announced Thursday that it will cut 150 to 200 management positions at its operations in New York, Pennsylvania, Massachusetts, and Connecticut.

  • Carnival reports 4Q loss Friday, 19 Dec 2014 | 9:31 AM ET

    MIAMI _ Carnival Corp. on Friday reported a fiscal fourth-quarter loss of $102 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Analysts expected $3.79 billion, according to Zacks.

  • 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...

  • Paychex tops Street 2Q forecasts Friday, 19 Dec 2014 | 8:36 AM ET

    ROCHESTER, N.Y. _ Paychex Inc. on Friday reported profit of $173 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Analysts expected $674.5 million, according to Zacks.

  • CarMax tops Street 3Q forecasts Friday, 19 Dec 2014 | 8:35 AM ET
    Used cars are displayed outside of a CarMax dealership in Burbank, California, on June 17, 2014.

    CarMax on Friday reported profit of $130 million in its fiscal third quarter.

  • Honda opens museum, training facility in Ohio Friday, 19 Dec 2014 | 8:35 AM ET

    MARYSVILLE, Ohio— Honda is opening a new training facility in central Ohio, along with a museum that pays tribute to the automaker's history in North America over a half a century. The new 160,000- square-foot facility includes office space and a new technical development center for more hands-on training of Honda engineers, technicians and other employees.

  • Dec 19- European regulators recommended the approval of Orexigen Therapeutics Inc's diet pill, which could become the first prescription medicine for obesity to be approved in the European Union in nearly a decade. The drug, sold as Contrave by partner Takeda Pharmaceutical Co in the United States, will be marketed as Mysimba in Europe. The third obesity...

  • Ahead of the Bell: ImmunoGen shares tumble Friday, 19 Dec 2014 | 8:14 AM ET

    ImmunoGen CEO Daniel Junius said that the company was disappointed, but he also noted that Roche has several other Kadcyla studies underway, including one related to gastric cancer. The study results won't affect the company's 2015 guidance or the approved use of Kadcyla, according to ImmunoGen Inc.. Shares of the Waltham, Massachusetts, company tumbled $4.05,...

  • Chrysler to recall about 257K Ram pickup trucks Friday, 19 Dec 2014 | 8:09 AM ET

    DETROIT— Chrysler is recalling nearly 257,000 older Ram pickup trucks because the rear axle can seize or the drive shaft can fall off. The recall comes after an investigation by the National Highway Traffic Safety Administration that began in June. The affected trucks were made from Jan. 28, 2004 to Aug. 3, 2005, according to the documents.

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a small adjusted third-quarter profit and returned to positive cash flow, but shares fell as revenue declined more than expected. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of expectations. Colin Gillis, tech analyst at BGC Partners in New York, said BlackBerry Chief Executive...

  • Used car dealer CarMax 3Q profit up 22 pct Friday, 19 Dec 2014 | 7:45 AM ET

    RICHMOND, Va.— CarMax reported a 22 percent jump in third-quarter earnings Friday as the used car dealership chain sold more cars and expanded its footprint across the U.S. CarMax Inc., which runs more than 140 stores that mainly sell used cars and trucks, said revenue increased about 16 percent to $3.41 billion. CarMax opened four stores during the quarter,...

  • Blackberry posts 3Q adjusted profit, revenue down Friday, 19 Dec 2014 | 7:29 AM ET

    NEW YORK— Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street. Apple Inc. showed that phones can handle much more than email and phone calls. On Wednesday, Blackberry launched the Classic, a new phone that features a traditional keyboard at a time when rival Apple and Android phones— and most smartphone customers— have...

  • Construction set to start on Finger Lakes casino Friday, 19 Dec 2014 | 7:19 AM ET

    The Post-Standard of Syracuse reports that the head of Rochester- based Wilmorite says digging for the $425 million casino in the Seneca County town of Tyre is set to begin Friday. The other two will be built in the Catskills in Sullivan County and in the city of Schenectady. The Lago casino will be built near the northern end of Cayuga Lake on an 85- acre site along...

  • INDIANAPOLIS— Eli Lilly and Co. could pay more than $570 million to French pharmaceutical company Adocia under an agreement to develop a fast-acting insulin that is in the early stages of clinical testing. Lilly said Friday that it will pay $50 million upfront and an additional $280 million and $240 million if the insulin reaches some development and sales...

  • Finish Line 3Q results mixed, cuts 2015 outlook Friday, 19 Dec 2014 | 7:15 AM ET

    INDIANAPOLIS— The Finish Line Inc. reported a higher fiscal third-quarter profit, but its adjusted results fell short of Wall Street's expectations as it dealt with some charges and merchandise margin pressure. Finish Line which sells shoes, clothing and accessories, earned $2.6 million, or 5 cents per share, for the period ended Nov. 29. Sales at Finish Line...

  • Protection sought for scenic California region Friday, 19 Dec 2014 | 7:13 AM ET

    WASHINGTON— A contingent of California environmental groups, business representatives and politicians will use a visit Friday from Interior Secretary Sally Jewell to push for permanent protection of some 350,000 acres of picturesque federal land near the state's famous wine country. Congress declined this session to pass legislation from Democratic...

  • PATH stations reopening after Sandy repairs Friday, 19 Dec 2014 | 7:11 AM ET

    JERSEY CITY, N.J.— PATH's Exchange Place and World Trade Center stations reopen this weekend after nearly a year without weekend service because of Superstorm Sandy repairs and signal upgrades. The Port Authority of New York& New Jersey says approximately 280,000 square feet of metal tunnel surfaces and equipment were cleaned of salt residue left by Sandy and...

  • Thousands respond to black rhino import request Friday, 19 Dec 2014 | 7:07 AM ET

    Shire said the agency will examine the public comments "for substantive information" as it weighs whether the hunt in Namibia— where 1,800 of the remaining 4,880 black rhinos live— is a form of conservation. The hunter, Corey Knowlton, bid $350,000 at an auction last January that the Dallas Safari Club billed as a fundraising effort to save the species.

  • BlackBerry reports 3Q loss Friday, 19 Dec 2014 | 7:06 AM ET

    WATERLOO, Ontario _ BlackBerry Ltd. on Friday reported a loss of $148 million in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. Analysts expected $927.8 million, according to Zacks.