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  • The top 20 US cities for tech startup funding Wednesday, 22 Oct 2014 | 1:44 PM ET

    About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association. 1. San Francisco, $9.32 billion, 506 deals. 2. San Jose, California, $3.78 billion, 237 deals.

  • Ocwen skids further as Moody's downgrades credit Wednesday, 22 Oct 2014 | 11:33 AM ET

    NEW YORK— Shares of home loan servicing company Ocwen extended their slump Wednesday after Moody's Investors Service downgraded its credit. Atlanta- based Ocwen Financial Corp. is one of the largest home loan servicing companies in the U.S. Ocwen Financial Corp. said software errors in its correspondence system caused the problem.

  • CHICAGO, Oct 22- Package delivery company FedEx Corp on Wednesday forecast a record holiday season this year, with 22.6 million shipments expected for its anticipated peak day on Dec. 15. With the rise of e-commerce, FedEx's annual peak has nearly doubled since 2007, when it moved 11.5 million packages on Dec. 17. Last year a later-than-usual surge before the...

  • US journalist leaves hospital after Ebola recovery Wednesday, 22 Oct 2014 | 1:35 AM ET

    OMAHA, Nebraska— An American video journalist who recovered from Ebola at a Nebraska hospital left the facility Wednesday afternoon and is heading home to Rhode Island, a hospital spokesman said. Ashoka Mukpo, who contracted the virus while working in Liberia as a freelance cameraman for NBC and other media outlets, was released from the Nebraska Medical...

  • NEW YORK, Oct 21- Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer. The company denied loan modifications in letters that borrowers received more than 30...

  • Manhattan Associates posts 3Q profit Tuesday, 21 Oct 2014 | 4:48 PM ET

    ATLANTA _ Manhattan Associates Inc. on Tuesday reported earnings of $22.3 million in its third quarter. Manhattan Associates expects full-year earnings in the range of $1.13 to $1.15 per share, with revenue in the range of $479 million to $481 million. Manhattan Associates shares have risen 19 percent since the beginning of the year.

  • Marcato Capital takes 6.5 percent stake in NCR Tuesday, 21 Oct 2014 | 3:53 PM ET

    Marcato Capital Management LP has taken a 6.5 percent stake in NCR Corp. and is pushing for changes at the maker of ATMs and self-service checkout machines. Marcato said in the filing with the U.S. Securities and Exchange Commission that after Monday's announcements it wants to take steps immediately to get McGuire on the board. Shares of NCR, which lost 21...

  • Top mortgage firm accused of abuses Tuesday, 21 Oct 2014 | 1:01 PM ET

    One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged. An investigation by the state's Department of Financial Services found that Ocwen Financial Corp. inappropriately backdated foreclosure warnings and letters that...

  • Oct 21- Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find growth amid a soft market for soda. Coke also said that it was targeting $3 billion in cost savings by 2019, up from its announcement in...

  • Pilot errors, fatigue led to deadly Ga. jet crash Tuesday, 21 Oct 2014 | 12:16 PM ET

    ATLANTA— Federal investigators say a pilot failed to follow procedures during landing, and that fatigue from lack of sleep contributed to a fiery jet crash that killed a Georgia vascular surgeon and four colleagues from a vein care practice. In a report released Tuesday, the National Transportation Safety Board determined the probable cause of the Feb. 20,...

  • Pilot errors, fatigue led to deadly Ga. jet crash Tuesday, 21 Oct 2014 | 11:59 AM ET

    SAVANNAH, Ga.— The pilot of a private jet failed to follow correct landing procedures and likely was fatigued from a lack of sleep when the plane went down in a fiery crash in eastern Georgia last year, killing a vascular surgeon and four co-workers on board, federal investigators concluded in a report Tuesday. Richard Trammell was at the controls of the jet on the...

  • Unemployment rates fall in 31 US states last month Tuesday, 21 Oct 2014 | 10:43 AM ET

    WASHINGTON— Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The Labor Department said Tuesday that unemployment rates rose in 8 states and were unchanged in 11 states. Colorado and Kentucky, two states with hard-fought Senate campaigns, experienced the...

  • Graphic Packaging misses Street 3Q forecasts Tuesday, 21 Oct 2014 | 7:51 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported third-quarter net income of $53 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Analysts expected $1.1 billion, according to Zacks.

  • Coke to slash costs as soda sales remain flat Tuesday, 21 Oct 2014 | 7:51 AM ET

    As sales of their drinks have slowed, Coca-Cola and rival PepsiCo have both sought to improve their financial performance by trimming costs. Earlier this month, PepsiCo said soda volume for the region fell 1.5 percent for the quarter, while non-carbonated drinks rose slightly. Although Coca-Cola and PepsiCo sell a variety of other drinks, both are trying to...

  • Asbury Automotive matches Street 3Q forecasts Tuesday, 21 Oct 2014 | 7:21 AM ET

    DULUTH, Ga. _ Asbury Automotive Group Inc. on Tuesday reported third-quarter earnings of $32.5 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.08 per share. Asbury Automotive shares have increased 22 percent since the beginning of the year.

  • Ebola: Why virus kills some, other people survive Tuesday, 21 Oct 2014 | 3:05 AM ET

    And while Thomas Eric Duncan died and two U.S. nurses were infected caring for him, there are successes, too: A nurse infected in Spain has recovered, as have four American aid workers infected in West Africa. The end of quarantine for 43 people in Dallas who had contact with Duncan "simply supports what most of us who know something about the disease have been saying...

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed when caring for patients infected with the virus. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...

  • DALLAS, Oct 20- The United States is issuing new protocols for health workers treating Ebola patients and a rapid-response military medical team will start training even as Americans' anxiety about the spread of the virus abates with 43 people declared risk free. The government's new guidelines, which were set to come out at 7 p.m. EDT on Monday, were expected to...

  • Ebola fear factor subsides in U.S. financial markets Monday, 20 Oct 2014 | 6:34 PM ET

    NEW YORK, Oct 20- Investors should expect more calm to return to U.S. equity markets after some of the most volatile trading since 2012 as the 21- day incubation period for Ebola passes for many in Texas without new infections. But fears that Ebola could spread in the United States after three people in Dallas were diagnosed with the hemorrhagic fever added more...