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  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • European cable and mobile phone operator Altice, controlled by founder Patrick Drahi, is fixing its sights on the U.S. market starting with a $9.1 billion deal for St. Louis- based Suddenlink. Such companies say their costs, per subscriber, are higher than those of cable giants such as Comcast. Comcast's own $45 billion quest for No. 2 rival Time Warner Cable was...

  • Community banks whose customers include small businesses are at a disadvantage because of regulations under the Dodd-Frank Act implemented following the 2008 banking crisis, says Jim Angleton, owner of Aegis FinServ, a Miami- based financial services company. The number of small banks in the U.S. dropped 14 percent after Dodd-Frank was enacted in 2010,...

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Heico tops 2Q profit forecasts Tuesday, 19 May 2015 | 5:12 PM ET

    HOLLYWOOD, Fla. _ Heico Corp. on Tuesday reported fiscal second-quarter net income of $33.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Heico shares have fallen nearly 4 percent since the beginning of the year.

  • Dycom Industries beats Street 3Q forecasts Tuesday, 19 May 2015 | 4:22 PM ET

    PALM BEACH GARDENS, Fla. _ Dycom Industries Inc. on Tuesday reported fiscal third-quarter earnings of $20.3 million. Six analysts surveyed by Zacks expected $468.7 million. For the current quarter ending in July, Dycom Industries expects its per-share earnings to range from 74 cents to 82 cents.

  • WASHINGTON— Cuba has established a banking relationship in the U.S., clearing another major obstacle to the countries re-establishing diplomatic relations, a senior State Department official said Tuesday. The official refused to identify the bank, though news reports had suggested Cuba was negotiating with a Florida- based financial institution.

  • May 19- Conergy, once Europe's largest solar firm by sales, said it was looking to acquire up to two companies in 2015 to scale up before it goes public. Conergy is looking to buy a large, regional solar company or another private company with a global presence, said de Pass, who took over as CEO in March. De Pass previously worked at Kawa Capital Management and led the...

  • BOSTON, May 19- The now-defunct Massachusetts pharmacy behind a deadly 2012 meningitis outbreak that killed at least 64 people will pay out $200 million to its victims and creditors under a bankruptcy reorganization plan approved on Tuesday. The bankruptcy reorganization plan was approved by U.S. Bankruptcy Court Judge Henry Boroff. Deaths of patients...

  • The industry views Florida as a sleeping giant that could rival California in solar potential, but renewable energy experts say the state lags behind because old laws favor utilities over private enterprise. "The rules are set up so there isn't competition right now, and competition could be healthy," said James Fenton, director of the Solar Energy Center at the...

  • Bacardi has U.S. rights to " Havana Club" name. Pernod's Havana Club will have to change its name to "Havanista" for U.S. customers, because Bacardi International, now Bermuda- based after its founders fled the communist island in the 1960 s, has the U.S. rights to the " Havana Club" name. "If the embargo is lifted, we could gain access to an enormous market and a substantial...

  • May 19- Recording Amanda Bortzfield's wedding last summer at the Breakers resort in Palm Beach, Florida, was no simple- or cheap- task. Still photography and video added up to more than $23,000, not far off the average total cost for a wedding in the United States. Her photography package included a two-and-a-half hour feature film and an elaborate collection of...

  • Amtrak liable for no more than $200 million in crash Monday, 18 May 2015 | 3:16 AM ET

    WASHINGTON— For the first time, Amtrak could face a $200 million payout to train crash victims— the limit set by Congress. An Associated Press review of past cases found that Amtrak never before has been liable for a $200 million payout for a single passenger rail incident. The train, which left Washington headed to New York, was moving at more than twice the speed...

  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • BEVERLY HILLS, Calif.— The liquid is dark red, a mixture of fat and blood, and Dr. Mark Berman pumps it out of the patient's backside. The number of stem-cell clinics across the United States has surged from a handful in 2010 to more than 170 today, according to figures compiled by The Associated Press.

  • She's drawn over 44,000 followers with her playful updates and witty replies as the real life shark cruises up and down the East Coast. "I would settle for an ice bag to put on my aching Twitter fin.-:" Mary Lee replied. But OCEARCH expedition leader Chris Fischer, who named Mary Lee after his mother, says the organization appreciates the attention the maritime...

  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • KIEV, Ukraine— A Russian rocket carrying a Mexican satellite malfunctioned Saturday shortly after its launch— the latest mishap to hit Russia's troubled space industry, whose Soviet-era glory has been tarnished by a series of launch failures. The rocket, a Proton-M, was launched from the Russia- leased Baikonur launch pad in Kazakhstan. A search for possible...

  • WASHINGTON— For more than a decade, oil has been leaking into the Gulf of Mexico where a hurricane toppled a drilling company's platform off the coast of Louisiana. Taylor has tried to broker a deal with the government to resolve its financial obligations for the leak, but authorities have rebuffed those overtures and have ordered additional work by the company,...

  • May 15- Weeks after Wal-Mart Stores Inc was accused of shuttering a California store to stop workers from organizing, the company said it would seek permits to rip up floors and replace plumbing lines as part of significant repairs at five stores the retailer said justified their abrupt closure. Wal-Mart's move last month to temporarily close the stores...