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  • Jan 29- Growth-hungry investors snapped up shares offered by Shake Shack Inc, setting the stage for a sizzling debut for the New York- based burger chain when its stock starts trading on Friday. Shares of the company, which has won a cult following for its rich milkshakes and hormone- and antibiotic-free burgers, priced at $21 each, an underwriter said, valuing the...

  • *Corn sags on technical selling; exports fail to impress. CHICAGO, Jan 29- Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Department of Agriculture reported larger-than-expected weekly export sales. Wheat rallied after the USDA reported U.S. export sales in the week ended...

  • SAN FRANCISCO, Jan 29- A passenger who said she had been raped by an Uber driver in India's capital sued the online car service in U.S. federal court on Thursday, claiming the company failed to maintain basic safety procedures. India is Uber's largest market outside the United States by the number of cities covered, and the country's radio taxi market is estimated...

  • Abbott CEO losing no sleep over stronger dollar Thursday, 29 Jan 2015 | 3:15 PM ET

    Jan 29- Abbott Laboratories' chief executive officer is not worried about the stronger dollar, telling analysts on Thursday his company will better withstand its painful effects than rivals due to its European factories and growing sales of nutritional products, medical diagnostics and medical optics. Half of its sales are in emerging markets, like China and...

  • The IPO market has been particularly fruitful recently for so-called fast-casual restaurant operators such as burger chain Habit Restaurants Inc and others that hope to replicate the sizzling growth of Chipotle Mexican Grill Inc.. Preliminary demand prompted Shake Shack to raise its expected IPO price to a range of $17 to $19 per share on Wednesday, from...

  • *Corn sags on technical selling; exports fail to impress. CHICAGO, Jan 29- Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Agriculture Department reported larger-than-expected weekly export sales. Wheat bounced after the USDA reported U.S. export sales in the week ended Jan....

  • Jan 29- Colgate-Palmolive Co on Thursday reported a rise in an important sales metric, sending its shares up 6 percent as investors shrugged off a lowered earnings forecast. Net sales suffered because of the strong dollar and weak demand in markets such as Brazil and Europe. Sales were down 7.5 percent in Europe and 10 percent in Africa but rose 4.5 percent in Asia.

  • DES MOINES, Iowa— Closing in on a decision about whether to again run for president, Mitt Romney is finding that several past major fundraisers and donors in key states have defected to former Florida Gov. The donors, in interviews with The Associated Press, said they see in Bush what they liked about Romney in 2012, namely what they believe it takes to serve...

  • Grain lower, livestock mixed Thursday, 29 Jan 2015 | 11:03 AM ET

    CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.0525 a bushel; Mar corn was 3.75 cents lower at $3.6950 a bushel; Mar oats were unchanged at $2.8750 a bushel; while Mar soybeans lost 1.75 cents to $9.6850 a bushel. Apr live cattle was 1.15 cents higher at $1.5265 a pound; Mar feeder...

  • Shake Shack IPO is hot but can it match Chipotle? Thursday, 29 Jan 2015 | 10:45 AM ET

    The IPO market lately has been particularly fruitful for so-called fast-casual chains such as Shake Shack rival Habit Restaurants Inc and others that hope to replicate the red-hot growth of burrito chain Chipotle Mexican Grill Inc. Preliminary demand on Wednesday prompted Shake Shack to raise its expected IPO price to a range of $17 to $19 per share from...

  • William Shatner knows the ups, downs of traveling Thursday, 29 Jan 2015 | 7:56 AM ET

    LOS ANGELES— William Shatner is back as a shrewd, unflappable travel expert in his latest TV commercial for an online company. It was one of the most embarrassing moments of my life, "Shatner said, recalling the incident at Los Angeles International Airport. Shatner returns as the priceline.com Negotiator in a new ad campaign that launches Sunday, with Kaley...

  • NEW DELHI, Jan 29- New Delhi's transport department has written to U.S. taxi hailing company Uber Technologies Inc detailing problems with its application for a license in the city, further complicating the firm's ability to operate in India's capital. Uber's services have been banned since December in New Delhi, when one of its drivers was accused of raping a...

  • GRAINS-Wheat eases for 7th session, corn hits 3-month low Wednesday, 28 Jan 2015 | 10:19 PM ET

    *Wheat falls for 7th day, trades near 3- month low. *Corn falls to almost 3- month low as crude oil weakens. Corn slid to an almost three-month low on the lack of demand for making grain-based fuel ethanol as crude oil prices hover near their weakest in six years.

  • Detroit property tax bills set to dip Wednesday, 28 Jan 2015 | 5:58 PM ET

    Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...

  • General Growth Properties reports 4Q results Wednesday, 28 Jan 2015 | 4:48 PM ET

    CHICAGO _ General Growth Properties Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share. Analysts expected $683.7 million, according to Zacks.

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, the day after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water...

  • The move comes as Sears, which has lost more than $6 billion over the past four years, prepares to announce results for the key holiday quarter late next month. Shares of Sears were down 4.1 percent at $32.80 in morning trade. Sears spokesman Howard Riefs said the company has eliminated 100 positions at its headquarters in Hoffman Estates, Illinois where it...