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  • Ross Stores tops Street 3Q forecasts Thursday, 20 Nov 2014 | 4:09 PM ET

    DUBLIN, Calif. _ Ross Stores Inc. on Thursday reported earnings of $192.7 million in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Analysts expected $2.55 billion, according to Zacks.

  • Gap names heads of namesake brand, Banana Republic Thursday, 20 Nov 2014 | 4:04 PM ET

    NEW YORK— Gap Inc. issued a full-year profit outlook that was below Wall Street expectations and announced management changes at its Gap and Banana Republic brands. As part of the executive overhaul, Jeff Kirwan will become global president for the Gap brand in December, and Andi Owen, who heads up Gap Outlet's division, will become global president for Banana...

  • Mobile still a struggle for Intel; PC doing better Thursday, 20 Nov 2014 | 3:03 PM ET

    SANTA CLARA, Calif.— Chip-making giant Intel Corp. is still struggling to catch up in mobile computing but says its personal computer business is performing better than expected and its return to revenue growth this year will continue into 2015.. "We were too slow in the past," CEO Brian Krzanich told analysts Thursday at Intel's annual financial conference.

  • SAN FRANCISCO, Nov 20- Claude Burns, who just earned a degree from MIT's Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. "Not only did I think it should work, but I'd always wondered why it didn't exist," said Gutierrez, who before MIT had helped run a boutique Napa winery. But entrepreneurs and...

  • Deal divides billions in closed nuke plant's costs Thursday, 20 Nov 2014 | 2:15 PM ET

    LOS ANGELES— Consumers will get refunds and credits of about $1.4 billion, but also pay about $3.3 billion, under a settlement approved Thursday on costs stemming from the premature closure of the San Onofre nuclear power plant. The settlement stems from negotiations among operator Southern California Edison, minority owner San Diego Gas& Electric Co. and...

  • AUTOSHOW-Henrik Fisker is back with a souped up Mustang Thursday, 20 Nov 2014 | 2:05 PM ET

    The debut marks a sort of revival for Fisker, who resigned as chief executive of Fisker Automotive in March of 2013 after clashing with the board of directors over strategy. Fisker Automotive, known for its more than $100,000 Karma plug-in hybrid sports car, filed for bankruptcy on Nov. 22 of last year after raising $1.4 billion in private and public funds.

  • FDA approves Purdue's painkiller that can reduce abuse Thursday, 20 Nov 2014 | 1:46 PM ET

    Nov 20- The U.S. Food and Drug Administration has approved a long-acting narcotic painkiller with abuse-resistant properties made by Purdue Pharma L.P., the agency said on Thursday. The FDA approved the once-daily drug, Hysingla ER, with the expectation that it will reduce, though not necessarily prevent, abuse through snorting or injecting.

  • FDA approves new, hard-to-abuse hydrocodone pill Thursday, 20 Nov 2014 | 1:16 PM ET

    The Food and Drug Administration approved Purdue Pharma's Hysingla ER, for patients with severe, round-the-clock pain that cannot be managed with other treatments. Purdue Pharma's new drug poses a direct commercial challenge to Zogenix's much-debated drug Zohydro, a twice-a-day hydrocodone tablet approved by the FDA last year. The FDA has been under...

  • Corinthian Colleges to shed most of its schools Thursday, 20 Nov 2014 | 12:12 PM ET

    NEW YORK— Corinthian Colleges will sell most of its campuses in the midst of several investigations and lawsuits by federal and state regulators. Regulators have said that Corinthian Colleges Inc. falsified job placement data and pushed students to take expensive private student loans. The Consumer Financial Protection Bureau is seeking more than $500...

  • Longer visas for Chinese could spur US tourism Thursday, 20 Nov 2014 | 11:59 AM ET

    Chinese visitors are already familiar faces in major U.S. destinations such as New York City, San Francisco and Las Vegas, but other parts of the country could also see some a boost. "One simple decision like this... is going to reap tremendous benefits to the country," said Chris Thompson, president and CEO of Brand USA, the public-private partnership responsible for...

  • Nov 20- Shares of Habit Restaurants Inc, known for its charburgers, doubled in their first day of trading, making it the most successful debut by a fast casual restaurant chain in the United States this year. The stock opened at $30 and shot up to $36, double its IPO price of $18, within five minutes of trading on the Nasdaq. Habit Restaurants' revenue rose 43 percent to...

  • Habit Restaurants prices IPO at $18 a share Thursday, 20 Nov 2014 | 10:34 AM ET

    Habit Restaurants, a fast-food restaurant chain known for its burgers, said its IPO was priced at $18 per share, valuing it at about $454.5 million.

  • Corinthian Colleges to sell 56 campuses to ECMC Group Thursday, 20 Nov 2014 | 10:25 AM ET

    Nov 20- Corinthian Colleges Inc said it would sell 56 campuses under its Everest and WyoTech brands to non-profit education provider ECMC Group Inc as part of an agreement with the U.S. education department. The sale of the assets will raise $24 million, half of which will go to the education department under a deal Corinthian signed with the department in July in...

  • Thanksgiving getaway: 46.3 million to hit the road Thursday, 20 Nov 2014 | 10:00 AM ET

    NEW YORK— The good news for Thanksgiving travelers: the price of gas is at five-year lows. AAA says the average retail price for gasoline is $2.85 per gallon, 43 cents cheaper than Thanksgiving Day last year. With the average car getting 18.5 miles per gallon, that means a family driving 300 miles will save $6.97 in fuel this holiday.

  • Treasury debt prices rose on Thursday, as investors sought the safety of government bonds amid concerns about global growth following weak manufacturing data from China and Europe. But pessimistic data out of Europe and China outweighed the impact of sturdy U.S. data. "This one snapshot of inflation doesn't undo all the potential headwinds in China, Japan, and...

  • Putting Oscar on the block Thursday, 20 Nov 2014 | 8:40 AM ET

    Auctioneer Nate D. Sanders has required an $800,000 minimum bid for the trophy, which they predict could sell for upward of $1 million by the time the auction closes Thursday night. "It's the most prestigious Oscar to hit the market in recent years," says Sam Heller, a representative of Nate D. Sanders. Historically, the Academy of Motion Picture Arts and Sciences has...

  • US consumer prices unchanged in October Thursday, 20 Nov 2014 | 8:38 AM ET

    WASHINGTON— U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay. The steady reading for inflation last month followed a tiny 0.1 percent increase in September and a 0.2 percent drop in August, the Labor Department said Thursday. "Inflation remains very much in check despite the pickup in...

  • LOS ANGELES— Regulators approve deal to divide billions in costs from closed San Onofre nuclear power plant.

  • U.S. assets in strategies using what are often termed "socially responsible investing" guidelines stood at $6.57 trillion at the start of 2014, or 18 percent of total assets under professional management, up from $3.74 trillion, or 12 percent of the total at the start of 2012, said officials at US SIF- The Forum for Sustainable and Responsible Investment.

  • Feds investigating drone sightings at NYC airport Thursday, 20 Nov 2014 | 8:14 AM ET

    NEW YORK— Federal officials are investigating after three commercial pilots reported drones flying near their planes as they approached New York City's Kennedy Airport this week. The FAA says the latest incident occurred Wednesday as a JetBlue flight from Savannah, Georgia, reported spotting a drone when it was about two miles from the runway.