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  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. Shares of MeadWestvaco and Rock-Tenn rose to record highs. MeadWestvaco shareholders will have a 50.1 percent stake in the new company, which will be named before the deal...

  • Airport spokesman Perry Cooper says a JetBlue flight from Long Beach, California, and a regional SkyWest jet from Phoenix were the planes involved. Additionally, a Delta Air Lines spokesman says a flight from Los Angeles to Orlando was diverted to Dallas Sunday afternoon due to "a security concern. Laura Eimiller, a spokeswoman for the FBI in Los Angeles, said...

  • RICHMOND, Va.— Rock-Tenn and MeadWestvaco will join forces to create a $16 billion global packaging company, driving down its own costs and possibly gaining the scale to better dictate prices. The new company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from Rock-Tenn and six directors...

  • Rock-Tenn beats Street 1Q forecasts Monday, 26 Jan 2015 | 6:12 AM ET

    NORCROSS, Ga. _ Rock-Tenn Co. on Monday reported fiscal first-quarter net income of $125.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Rock-Tenn shares have increased slightly more than 3 percent since the beginning of the year.

  • The threats against Delta Air Lines flight 1156, coming from Portland, Oregon, and Southwest Airlines flight 2492, from Milwaukee, were deemed credible, said airport spokesman Reese McCranie. No bomb was found aboard the Delta flight while the Southwest flight was still being searched by explosives units, Federal Bureau of Investigation spokesman Special...

  • Ocwen to pay $2.5 million to settle California dispute Saturday, 24 Jan 2015 | 12:11 PM ET

    SACRAMENTO, Calif.— Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California. The settlement announced late Friday by California's Department of Business Oversight stems from Ocwen's refusal to turn over records sought by state...

  • Fake schools draw scrutiny of federal investigators Saturday, 24 Jan 2015 | 10:50 AM ET

    SAN FRANCISCO— From her hometown in India in 2010, Bhanu Challa said she had no reason to doubt that Tri-Valley University was a legitimate American school where she could pursue a master's degree. Authorities told her that Tri-Valley was a sham school. Tri-Valley is among at least half a dozen schools shut down or raided by federal authorities in recent years...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • CHICAGO, Jan 23- United Parcel Service Inc on Friday said its fourth-quarter performance was hurt as lackluster holiday demand pushed up costs, and that it will likely raise prices for this year's peak season. In a separate announcement, main rival FedEx reaffirmed its earnings outlook for its fiscal 2015 year ending May 31. During the 2013 peak season UPS and...

  • CHICAGO, Jan 23- Package delivery company United Parcel Service Inc on Friday said its fourth-quarter performance was hurt by higher-than-expected costs from the U.S. holiday season and that it will implement new pricing strategies during the next peak season. During the 2013 peak season both UPS and main rival FedEx Corp were hit by a late surge in online...

  • CHICAGO, Jan 23- Package delivery company United Parcel Service Inc on Friday forecast fourth-quarter earnings per share below market expectations, citing a disappointing performance in U.S. domestic ground shipments.

  • NEW YORK, Jan 23- Joe and Debbie Valerio, a couple in their 60 s, put their Westport, Connecticut, home of more than 20 years on the market because it was getting too big for them. That set off a chain reaction allowing Peter and Leah Baiocco, a couple in their 30 s, the ability to trade up. After renting it out for nearly a year, the Baioccos' starter house in Fairfield,...

  • Heritage Financial posts 4Q profit Thursday, 22 Jan 2015 | 4:43 PM ET

    ALBANY, Ga. _ Heritage Financial Group Inc. on Thursday reported fourth-quarter earnings of $2.5 million. The bank, based in Albany, Georgia, said it had earnings of 28 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

  • Fidelity Southern misses Street 4Q forecasts Thursday, 22 Jan 2015 | 3:12 PM ET

    ATLANTA _ Fidelity Southern Corp. on Thursday reported fourth-quarter earnings of $7.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Fidelity Southern shares have dropped slightly more than 4 percent since the beginning of the year.

  • US STOCKS-Wall St gains after ECB stimulus move Thursday, 22 Jan 2015 | 2:08 PM ET

    *Verizon, American Express fall after results. NEW YORK, Jan 22- U.S. stocks rose on Thursday after the European Central Bank announced larger than expected measures to stimulate the region's sagging economy. "Many have said this program is not going to suddenly flip a switch," said John Canally investment strategist at LPL Financial in New York.

  • On Jan. 25, 1915, to celebrate the completion of the Panama Canal and to show that San Francisco had recovered from the 1906 earthquake and fire, American Telephone and Telegraph Co. conducted a call between the city and New York before the opening of the Panama-Pacific International Exposition and World's Fair in San Francisco. The original phones will be on...

  • NEW YORK— Royal Bank of Canada plans to boost its services for wealthy clients by paying about $5.4 billion in cash and stock to buy U.S.-based City National. City National is a Los Angeles wealth management company and lender that serves high net worth individuals and businesses. City National said it has $32.6 billion in assets and manages or administers...

  • *Verizon, American Express both fall after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stocks rallied in volatile trading on Thursday after the European Central Bank announced expanded measures to stimulate the region's sagging economy, as expected.

  • *Verizon, American Express both fall after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stocks fell modestly on Thursday after the European Central Bank announced expanded measures to stimulate the region's sagging economy, as expected, while shares of some bellwether U.S. companies fell on disappointing results.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.