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  • Counties want to weigh in on pipeline permitting process Saturday, 31 Jan 2015 | 11:28 AM ET

    SIOUX FALLS, S.D.— South Dakota counties that would be affected by a proposed pipeline to carry oil from western North Dakota to refineries in eastern states want to weigh in on the state's decision to approve the project. "We've got a lot of serious issues to work out, and we haven't gotten a lot of good answers," said Lincoln County Commissioner Jim Schmidt, who was...

  • WASHINGTON— It flew through the Republican-run House in 2012, and a year later 79 of the Democratic-led Senate's 100 members embraced it. With Republicans now controlling both chambers of Congress, the chances for repealing the 2.3 percent tax on medical devices are better than ever. Created under Obama's expansion of health care coverage, the tax will raise...

  • CHICAGO— Two suburban Chicago men were sentenced to prison time Friday for defrauding customers of a cash-management firm out of more than $665 million before the company collapsed in 2007.. Eric Bloom, 49, of Northbrook, was accused of misappropriating customers' securities by using them as collateral for a loan received from the Bank of New York Mellon Corp....

  • LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...

  • CHICAGO, Jan 30- GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners. CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for GFI Group, a derivatives broker, with BGC Partners Inc.. CME Group had planned to...

  • BankFinancial posts 4Q profit Friday, 30 Jan 2015 | 5:54 PM ET

    BURR RIDGE, Ill. _ BankFinancial Corp. on Friday reported fourth-quarter profit of $34.7 million. The Burr Ridge, Illinois- based company said it had profit of $1.72 per share. BankFinancial shares have declined roughly 5 percent since the beginning of the year.

  • DETROIT, Jan 30- The United Auto Workers union and Navistar International Corp have reached a tentative four-year contract agreement, the union said on Friday. Workers at Navistar, a vehicle and engine manufacturer, will now vote on whether to accept the terms of the contract, which were not released publicly. There are 1,800 UAW-represented Navistar workers in...

  • *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...

  • 5 groups vying for Massachusetts' final casino license Friday, 30 Jan 2015 | 12:32 PM ET

    BOSTON— The competition for Massachusetts' final casino license, reserved for the state's southeast region, is slowly coming into focus, as state regulators announced on Friday that Mass Gaming& Entertainment had met the application deadline. The company, an affiliate of Chicago- based Rush Street Gaming, joins New York- based KG Urban Enterprises, as potential...

  • 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...

  • 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...