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  • *OPEC increases January output to 30.37 bpd- survey. The late-session surge was primed by Baker Hughes data showing the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Brent settled up $3.86 at $52.99 a barrel, after running to as high as $53.08.

  • Jan 30- The former chief executive of Sentinel Management Group Inc in suburban Chicago was sentenced on Friday to 14 years in prison, after being convicted of running what federal prosecutors called a $666 million fraud. District Judge Ronald Guzmán in Chicago, according to U.S. Attorney Zachary Fardon in the Northern District of Illinois.

  • Recalls this week: space heaters, orbital sanders Friday, 30 Jan 2015 | 3:45 PM ET

    About 34,000 oil-filled space heaters are being recalled because they could spray heated oil, posing a scald hazard. Other recalled products this week include orbital sanders with a short-circuit hazard and candles that are a fire hazard. They were sold at Target and small department stores nationwide from August 2014 through November 2014.

  • Jan 30- The former chief executive of Sentinel Management Group Inc in suburban Chicago was sentenced on Friday to 14 years in prison, after been convicted of running what federal prosecutors called a roughly $666 million fraud. District Judge Ronald Guzmán in Chicago, according to a spokesman for U.S. Attorney Zachary Fardon in the Northern District of...

  • In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Some "short covering was expected and the rig count number sparked the...

  • *Wheat falls below $5 for first time in three months. *Wheat down 15 pct in Jan, biggest fall since Sept 2011. Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.

  • "This is not your grandfather's hearing aid," yet many people have that outdated view, says audiologist Carolyn Smaka, editor of the website www.audiologyonline.com. They're also pricey: Most run from $1,000 to $6,000 each, including follow-up. "People should realize that their hearing loss is much more noticeable than any hearing aid will be," says Kim Cavitt, an...

  • The final casino license is designated for the southeastern portion of the state and includes the cities of Fall River, New Bedford and Cape Cod. KG Urban Enterprises, a New York- based real estate development firm, has already filed its initial application for a casino on a former power plant site on New Bedford's waterfront. Other possible applicants include...

  • Grain mostly lower, livestock mixed Friday, 30 Jan 2015 | 11:23 AM ET

    CHICAGO— Grain futures were mostly lower Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.0775 a bushel; Mar corn was 4 cents lower at $3.6750 a bushel; Mar oats were unchanged at $2.8250 a bushel; while Mar soybeans lost 8.25 cents to $9.60 a bushel. Apr live cattle was. 20 cent higher at $1.5070 a pound; Mar feeder cattle...

  • Shares of Shake Shack Inc., a burger chain that started as a New York City hot dog cart, more than doubled in their stock market debut Friday. Shake Shack, created by restaurateur Danny Meyer's Union Square Hospitality Group, is the latest "fast-casual" chain to attract investors. "There isn't anyone on Wall Street who hasn't tried their burgers and shakes," says...

  • The North Chicago- based company's full results were weighed down by a $2.2 billion breakup fee and other expenses from its abandoned merger with Shire PLC. AbbVie had envisioned buying Shire and reincorporating on the British island of Jersey, where Shire is incorporated. But AbbVie's board got cold feet after the U.S. government created new limitations on...

  • Ingredion misses 4Q profit forecasts Friday, 30 Jan 2015 | 7:09 AM ET

    WESTCHESTER, Ill. _ Ingredion Inc. on Friday reported fourth-quarter net income of $61.1 million. Ingredion expects full-year earnings in the range of $5.40 to $5.90 per share. Ingredion shares have decreased roughly 1 percent since the beginning of the year.

  • MB Financial posts 4Q profit Friday, 30 Jan 2015 | 5:10 AM ET

    CHICAGO _ MB Financial Inc. on Friday reported fourth-quarter net income of $36.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. MB Financial shares have declined 13 percent since the beginning of the year.

  • 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....

  • NEW YORK— Generic drugmaker Mylan said Thursday that its shareholders approved its purchase of an Abbott Laboratories business and its tax-reducing move to the Netherlands. As part of the purchase, Mylan will reorganize in the Netherlands as a company called Mylan NV, reducing its tax expenses. Mylan says Abbott will own 22 percent of Mylan NV but that it won't...