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  • NY wage board to discuss raising tipped wage to $7 Friday, 30 Jan 2015 | 3:01 AM ET

    ALBANY, N.Y.— A state board is poised to vote on whether to raise the hourly wage made by restaurant servers and other tipped workers. The state's wage board is scheduled to meet Friday in Albany. Currently, servers make about $5 per hour before tips.

  • US wireless spectrum auction raises record $44.9B Friday, 30 Jan 2015 | 2:40 AM ET

    The U.S. Federal Communications Commission raised a record $44.9 billion in the auction of so-called AWS-3 airwaves.

  • It was numbered 00-000-001— the first Social Security payout. Today, even as its future lies in financial uncertainty, many consider Social Security one of government's biggest successes. "It wasn't that I expected anything, mind you, but I knew I'd been paying for something called Social Security and I wanted to ask the people in Rutland about it," she's quoted as...

  • NEW YORK— Amazon.com Inc.' s fourth-quarter earnings roundly beat analyst expectations, sending the Seattle e-commerce giant's stock soaring 14 percent in aftermarket trading. Investors have long wanted Amazon to show some restraint as it invests in its business, and this metric seemed to be a sign that Amazon is willing to do that. Wedbush Securities analyst...

  • WASHINGTON, Jan 30- The U.S. economy likely grew at a brisk clip in the fourth quarter as lower gasoline prices buoyed consumer spending, in a show of resilience despite a darkening global outlook. "The consumer did the heavy lifting and I don't think there is any reason to expect that to change in the first half of this year because of the enormous tailwind from lower...

  • China's new tech rules play to local firms' strengths Thursday, 29 Jan 2015 | 11:59 PM ET

    BEIJING/ SAN FRANCISCO, Jan 30- Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been...

  • TOKYO, Jan 30- Asian shares edged up on Friday, talking heart from a late earnings-led surge on Wall Street even as continuing concerns about global growth tempered gains. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1 percent on the day, but up more than 1 percent for the month. On Thursday, major U.S. indexes surged almost 1 percent or...

  • Jan 29- Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million. The deal is subject to higher and better bids and extended the bid deadline to Feb. 10 for interested parties to participate in an...

  • SAN FRANCISCO, Jan 29- Google Inc plans to keep making ambitious and costly bets on futuristic products, even if it means shelving some of its most beloved projects. The comments by Chief Financial Officer Patrick Pichette during Thursday's quarterly results conference call struck a decidedly different tone from Google's talk earlier this month of Glass "...

  • Valeant to buy worldwide rights to Dendreon's Provenge Thursday, 29 Jan 2015 | 9:29 PM ET

    Jan 29- Valeant Pharmaceuticals International Inc said it would buy the worldwide rights of Dendreon Corp's Provenge drug and certain other assets through a "stalking horse" deal for $296 million. Seattle- based Dendreon filed for bankruptcy protection in November, after sales of its cancer vaccine fell short of expectations and left the company deep in debt.

  • NewMarket posts 4Q profit Thursday, 29 Jan 2015 | 8:03 PM ET

    RICHMOND, Va. _ NewMarket Corp. on Thursday reported fourth-quarter profit of $52.1 million. On a per-share basis, the Richmond, Virginia- based company said it had profit of $4.17. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ATLANTA— Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday. Westinghouse Electric Co. and Chicago Bridge& Iron Co. expect the first reactor at Plant Vogtle will be complete in mid-2019, and...

  • National Bank Holdings misses Street 4Q forecasts Thursday, 29 Jan 2015 | 7:58 PM ET

    GREENWOOD VILLAGE, Colo. _ National Bank Holdings Corp. on Thursday reported fourth-quarter profit of $2.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. National Bank Holdings shares have dropped nearly 7 percent since the beginning of the year.

  • Macatawa posts 4Q profit Thursday, 29 Jan 2015 | 7:58 PM ET

    HOLLAND, Mich. _ Macatawa Bank Corp. on Thursday reported fourth-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier. The holding company for Macatawa Bank posted revenue of $14.8 million in the period. Keywords: Macatawa Bank, Earnings Report.

  • HomeTrust Bancshares posts 2Q profit Thursday, 29 Jan 2015 | 7:54 PM ET

    ASHEVILLE, N.C. _ HomeTrust Bancshares Inc. on Thursday reported fiscal second-quarter net income of $2 million. HomeTrust Bancshares shares have decreased slightly more than 5 percent since the beginning of the year. Keywords: HomeTrust Bancshares, Earnings Report.

  • Minerals Technologies beats 4Q profit forecasts Thursday, 29 Jan 2015 | 7:46 PM ET

    NEW YORK _ Minerals Technologies Inc. on Thursday reported fourth-quarter net income of $21.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share. Minerals Technologies shares have decreased 15 percent since the beginning of the year.

  • First Community Bancshares posts 4Q profit Thursday, 29 Jan 2015 | 7:43 PM ET

    BLUEFIELD, Va. _ First Community Bancshares Inc. on Thursday reported fourth-quarter earnings of $5.7 million. The holding company for First Community Bank posted revenue of $32.2 million in the period. First Community Bancshares shares have dropped 4.5 percent since the beginning of the year.

  • MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat in early trade. On Thursday, major U.S. indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended their gains after strong earnings reports this week. Data released before the market open showed the availability of jobs in Japan rose to the highest level in more than two...

  • Callaway reports 4Q loss Thursday, 29 Jan 2015 | 7:37 PM ET

    CARLSBAD, Calif. _ Callaway Golf Co. on Thursday reported a loss of $41.5 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share. Analysts expected $138.9 million, according to Zacks.

  • NEW YORK, Jan 29- With a scheduled trial just four weeks away, the former chairman of American International Group Inc said New York's attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow "trophy" victory. The non-jury trial, scheduled for Feb. 24 in Manhattan before State Supreme...