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  • CHICAGO— Demand for commercial jets airliners boosted Boeing Co.' s fourth-quarter profit by 19 percent, topping Wall Street expectations by a wide margin and offsetting weakness in the defense business. Boeing offered a muted outlook for 2015, however. Boeing said that it earned $1.47 billion, or $2.02 per share, compared with $1.23 billion, or $1.61 per share, a...

  • Boeing tops Street 4Q forecasts Wednesday, 28 Jan 2015 | 7:45 AM ET

    CHICAGO— Boeing Co. on Wednesday reported fourth-quarter earnings of $1.47 billion. Boeing expects full-year earnings in the range of $8.20 to $8.40 per share, with revenue in the range of $94.5 billion to $96.5 billion. Boeing shares have climbed almost 2 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped slightly more...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • The FAA said that United twice improperly accepted hazardous material for air shipments. The FAA said the violations were found during 2013 inspections in Boston, San Francisco, Denver and Chicago. He said United was reviewing a letter from the FAA and would cooperate with the agency.

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • Jan 27- After a blizzard that blanketed the northeastern United States but proved less powerful in New York City than predicted, airlines, commuter rail, bus lines and subways resumed limited operations on Tuesday. LIRR service remains suspended on the Montauk Branch east of Babylon, Greenport to Ronkonkoma, Port Jefferson Branch east of Huntington and the...

  • Grain lower, livestock mostly higher Tuesday, 27 Jan 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuenday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 3.25 cents higher at $5.2375 a bushel; Mar corn was 2.5 cents lower at $3.815 a bushel; Mar oats were unchanged at $2.9075 a bushel; while Mar soybeans lost 9.5 cents to $9.74 a bushel. Apr live cattle was 1.60 cents higher at $1.4960 a pound; Mar feeder...

  • US home price gains slow in November on weaker sales Tuesday, 27 Jan 2015 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. Lower mortgage rates, healthy hiring, and lower down payment requirements from mortgage giants...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading. Procter& Gamble Co said the exchange rates would reduce full-year sales by 5 percent and profit by 12 percent. Net profit attributable to the company fell...

  • P&G's quarterly profit falls 31 pct Tuesday, 27 Jan 2015 | 7:19 AM ET

    Jan 27- Procter& Gamble Co, the world's largest household products maker, reported an about 31 percent fall in quarterly profit, hurt by a stronger dollar. Net profit attributable to the company fell to $2.37 billion, or 82 cents per share, in the second quarter ended Dec. 31, from $3.43 billion, or $1.18 per share, a year earlier. P&G derives roughly two-thirds of its...

  • FORT WORTH, Texas— American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger. Much of the new competition is coming from low-cost carriers who are adding flights from cities including Philadelphia, Chicago, Washington and Dallas, American executives said. American Airlines Group Inc....

  • DUBLIN— Aer Lingus said Tuesday it supports a takeover bid by British Airways parent IAG, putting the Irish national airline with its trademark shamrock tailfins on course for foreign acquisition nine years after its privatization. The government, which retained a 25.1 percent share when it privatized Aer Lingus in 2006, opposed Ryanair's ambitions and has...

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • Equity Lifestyle Properties reports 4Q results Monday, 26 Jan 2015 | 4:54 PM ET

    CHICAGO _ Equity Lifestyle Properties Inc. on Monday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $60.3 million, or 66 cents per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 66...

  • WASHINGTON, Jan 26- Chinese-made steel shelving units face duties in the United States after the Department of Commerce found on Monday the shelves are produced using unfair government subsidies. The petition was lodged by Chicago- based Edsal Manufacturing Co, which also complained that the products were being sold below fair value. A final decision is due on...

  • Stock exchanges including Intercontinental Exchange Inc's New York Stock Exchange unit, Nasdaq OMX Group, and BATS Global Markets said their exchanges were expected to stay open for normal operating hours Monday and Tuesday. NYSE and BATS have backup data centers in Chicago, while Nasdaq's backup is in Ashburn, Virginia. Heavy snowfall has led the NYSE to...