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  • *FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.

  • WASHINGTON/ BOSTON, Dec 17- Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday. The law enforcement official, who declined to be identified because the investigation is ongoing, said authorities will require...

  • US STOCKS-Wall St adds to gains as Fed upbeat on economy Wednesday, 17 Dec 2014 | 2:26 PM ET

    NEW YORK, Dec 17- U.S. stocks extended gains on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates sometime next year, suggesting confidence in the U.S. economy. "It's pretty upbeat on the economy, and that's what the stock market is reacting to," said John Canally, investment strategist and economist at LPL Financial...

  • WASHINGTON/ BOSTON, Dec 17- Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday. A threat against theaters planning to show Sony Corp's controversial movie about the assassination of the leader of North Korea...

  • Massachusetts couple sues Whole Foods, ranch Wednesday, 17 Dec 2014 | 11:15 AM ET

    BOSTON— A Massachusetts husband and wife who blame their 8- year-old son's death on the ground beef they bought at a Whole Foods Market have sued the supermarket chain and the ranch they say produced and processed the meat. Melissa and Andrew Kaye, of Braintree, said in their suit filed Tuesday in U.S. District Court in Boston that the grass-fed beef they bought at...

  • TREASURIES-U.S. bond yields flat ahead of Fed statement Wednesday, 17 Dec 2014 | 10:31 AM ET

    NEW YORK, Dec 17- U.S. Fed Chair Janet Yellen will hold a press conference half hour later. "They have set up the path for a rate hike unless something really goes awry," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey.

  • 14 charged in deadly 2012 meningitis outbreak Wednesday, 17 Dec 2014 | 7:15 AM ET

    Federal prosecutors leveled those allegations in bringing charges Wednesday against 14 former owners or employees of a Massachusetts pharmacy in connection with a nationwide meningitis outbreak that killed 64 people. The 2012 outbreak was traced to tainted drug injections manufactured by the now-closed New England Compounding Center of Framingham.

  • INTERVIEW- Barney Frank on practically everything Tuesday, 16 Dec 2014 | 10:39 AM ET

    Dec 16- Long a legislative lion for Democrats, Barney Frank retired from Congress two years ago. In Congress, he was the controversial Democratic leader on the House Financial Services Committee and was a co-sponsor of the eponymous 2010 Dodd-Frank act, which brought sweeping reform to the financial industry. REUTERS: What do you make of Congress last weekend...

  • UPDATE 1-U.S. Senate approves new surgeon general Monday, 15 Dec 2014 | 6:53 PM ET

    The Senate will vote on Tuesday on another contentious nominee, Sarah Saldana. The Senate scheduled votes on Murthy, Saldana and three other nominees for Monday and Tuesday as part of Majority Leader Harry Reid's push to get nominations through the Senate before it goes home for the year. Last year, Democrats infuriated Republicans by changing Senate rules so...

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • 14 cities get Bloomberg 'innovation team' grants Monday, 15 Dec 2014 | 9:01 AM ET

    NEW YORK— Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced Monday. Winners range in size from Centennial, Colorado,...

  • NEW YORK, Dec 15- For investors in 2014, it was hard not to feel like winners. The S&P 500 is up 10 percent on the year, and existing-home sales just enjoyed a 32nd month of year-over-year price gains, according to the National Association of Realtors. One sign of this is that only 31 percent of investors is even making corrective financial resolutions for the New Year,...

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • "They are spooked," said the official, who was not authorized to publicly comment on government discussions with the Sony Corp unit, which is still rebuilding some computer systems as it seeks to repair its public image after a devastating two-pronged attack was revealed last month. People familiar with probes by both the U.S. government and Sony have previously...

  • BOSTON, Dec 11- Fewer hedge funds opened in the third quarter of 2014 than in any other quarter in a year, according to data released on Thursday by industry research firm Hedge Fund Research. Assets managed by the industry reached a record $2.82 trillion at the end of third quarter, HFR said. Earlier this year, Herb Wagner launched Finepoint Capital after leaving...

  • *Starboard Value takes stakes in Office Depot, Staples. Retailers were among the day's biggest percentage gainers on the S&P 500, including Urban Outfitters, up 7.6 percent at $32.29. "It suggests overall spending is going to do well," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

  • US bond investors balk at Argentina swap offer Wednesday, 10 Dec 2014 | 6:57 PM ET

    NEW YORK, Dec 10- Argentina is struggling to win over US-based investors on a bond exchange designed to lower refinancing risks and possibly give it more leverage in negotiations with holdout creditors. "I don't think it makes sense to engage in the swap, when you can execute at better prices in the market," said Marco Santamaria, a portfolio manager at...

  • Last month, the troubled retailer and its chief executive disclosed plans to form a real estate investment trust that would acquire as many as 300 Sears stores and lease them back to the retailer. This, CreditSights estimated, could help Sears raise $2.6 billion, providing a critical cash injection. Sears plans to fund the REIT by offering shareholders the right...

  • Dec 8- Sony Corp said its PlayStation Network and Sony Entertainment Network had been disrupted by hackers in a distributed denial-of-service attack on Monday. The company has not received any report of user information being stolen, Sony spokeswoman Jennifer Clark told Reuters. Sony said users faced difficulty accessing the PlayStation network between...

  • TORONTO, Dec 8- Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains. Alstom declined to comment on whether it is bidding. The relationship between Amtrak and the Bombardier/ Alstom...