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  • Dec 23- A Financial Industry Regulatory Authority arbitration panel ordered Cantor Fitzgerald& Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. Raymond Walton alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts. Attorneys for Walton, Cantor Fitzgerald and BGC...

  • Walgreen profit rises 16 pct on record prescriptions Tuesday, 23 Dec 2014 | 7:42 AM ET

    Dec 23- U.S. drugstore chain operator Walgreen Co reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled. Net income attributable to the company rose to $809 million, or 85 cents per share, in the first quarter ended Nov. 30, from $695 million, or 72 cents per share, a year earlier. Walgreen's shares were up 2 percent at $76 in...

  • Walgreen fiscal 1st-qtr profit jumps 16 percent Tuesday, 23 Dec 2014 | 7:39 AM ET

    Stronger sales from established stores helped Walgreen trump first-quarter expectations, and the nation's largest drugstore chain said Tuesday that a major acquisition expected to stoke its global reach and buying clout should close next week. In 2012, Walgreen bought a 45 percent share in Alliance Boots, which runs the United Kingdom's largest pharmacy...

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • UPDATE 1-CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 3:43 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • Judge OKs law shielding Michigan from $1.1B payout Monday, 22 Dec 2014 | 2:24 PM ET

    It was designed to ensure that the state is not forced to pay $1.1 billion in refunds in about 134 cases similar to one in which the Michigan Supreme Court in July said IBM was owed roughly $6 million. IBM later challenged the state Treasury Department's ruling that it was not allowed to determine certain tax bases using a formula from a 1970 multi-state tax...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • Railroads seek one-person crews for freight trains Monday, 22 Dec 2014 | 1:27 PM ET

    OMAHA, Neb.— When American freight trains delivered cargo after World War II, the steam-belching beasts commonly had seven people aboard— an engineer, a conductor, up to four brakemen and a fireman. You have to have two people, "said J.P. Wright, an engineer for CSX railroad in Louisville, Kentucky. The mayor of the Chicago suburb of Barrington asks how one person could...

  • BEIJING/ CHICAGO, Dec 22- China has officially approved imports of a type of genetically modified corn at the centre of a string of lawsuits over U.S. grain shipments, seed maker Syngenta AG said on Monday, ending uncertainty after a five-year review. Beijing has been taking longer than in the past to approve new biotech crops amidst growing consumer sentiment...

  • CHICAGO— Tribune Media sold a 60- acre parcel of land where the printing facility for the Baltimore Sun is located for $46.5 million. Over the summer the company once known as the Tribune Co. split its publishing business from its broadcast operations, now called Tribune Media Co.. Tribune Media has 42 owned or operated local television stations, including WGN...

  • Grain mixed and livestock higher Monday, 22 Dec 2014 | 11:25 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $6.3225 a bushel; Mar corn was. 50 cent higher at $4.11 a bushel; Mar oats were unchanged at $3.1050 a bushel; while Mar soybeans gained. 50 cent at $10.39 a bushel. Feb live cattle was 1.10 cents higher at $1.6120 a pound; Mar feeder cattle was. 78...

  • Air China to buy 60 Boeing jets for $6 billion Monday, 22 Dec 2014 | 10:39 AM ET

    NEW YORK— Boeing said Monday that Air China has committed to buying 60 jets in a deal worth more than $6 billion at list prices, although airlines routinely get sharp discounts to sticker prices. The order is for Boeing's 737 jets, including its next-generation 737 and 737 Max airplanes. Shares of The Boeing Co., based in Chicago, rose $2.05 to $128.34 in morning...

  • Express Scripts said Monday that it will no longer cover Sovaldi and Harvoni— two Gilead Sciences drugs that cost more than $80,000 each for a full course of treatment— or Johnson& Johnson's Olysio starting Jan. 1, except under limited circumstances. Instead, it will make AbbVie Inc.' s Viekira Pak, approved only Friday, the preferred treatment for patients who have...

  • WASHINGTON, Dec 21- Last month's move by the U.S. commodities regulator to let Southwest Airlines Co keep its multibillion-dollar oil trades secret for 15 days offered the world's biggest low-cost carrier a break it has been seeking for three years. All other swap trades except Southwest's must be reported "as soon as technologically practicable."

  • WASHINGTON, Dec 20- Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH subscribers, the two companies said on Saturday. The two pay-TV companies have been in negotiations over whether DISH would drop Comcast's regional sports network,...

  • Last U.S. holiday shopping weekend off to solid start Saturday, 20 Dec 2014 | 3:57 PM ET

    CHICAGO/ NEW YORK, Dec 20- Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results. Crowds were building at stores in and around New York, Philadelphia, Chicago and Los Angeles by midday on Saturday.

  • DISH, Comcast SportsNet reach deal in regional dispute Saturday, 20 Dec 2014 | 1:47 PM ET

    WASHINGTON, Dec 20- Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH subscribers, DISH said on Saturday. The two pay-TV companies have been in negotiations over whether DISH would drop Comcast's regional sports network, threatening access...

  • Illinois farm groups foresee market growth in Cuba Saturday, 20 Dec 2014 | 12:42 PM ET

    BLOOMINGTON, Ill.— Illinois farm groups are looking to Cuba as a growing market for corn, soybeans, pork and other products the state produces, and they see the state's access to rail and river transportation as an advantage to trade with the Caribbean island nation of 11 million consumers. The thaw in relations between the United States and Cuba could mean up to $7...

  • Stolen laptop held Northwestern patient data Saturday, 20 Dec 2014 | 11:12 AM ET

    CHICAGO— A major Chicago health care system has apologized to nearly 3,000 patients whose personal information was on an unencrypted laptop that was stolen in October. Northwestern Memorial Healthcare started mailing letters Friday to affected patients and promised to take steps to enhance security. The system operates the flagship academic medical...

  • WATRERLOO, Ontario, Dec 19- BlackBerry Ltd is working with Boeing Co on Boeing's high-security Android-based smartphone, the Canadian mobile technology company's chief executive said on Friday. "We're pleased to announce that Boeing is collaborating with BlackBerry to provide a secure mobile solution for Android devices utilizing our BES 12 platform,"...