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  • LONDON, Jan 28- Motorists in California purchased more gasoline in October 2014 than any corresponding month since 2007, according to state tax records, confirming the renewed growth in U.S. fuel demand. In October, California gasoline sales hit 1.272 billion gallons, up from 1.242 billion gallons in October 2013. Multiplying up to national level, gasoline...

  • Demand for airplanes lifts Boeing's 4Q profit Wednesday, 28 Jan 2015 | 8:06 AM ET

    DALLAS— Boeing Co.' s fourth-quarter profit rose 19 percent as demand for commercial airliners trumped weakness in its defense business. Chicago- based Boeing and European rival Airbus have prospered as airlines around the world have gone on a shopping spree, helped by rising demand for travel and cheap financing. Boeing has an 8- year order backlog for nearly...

  • Boeing tops Street 4Q forecasts Wednesday, 28 Jan 2015 | 7:45 AM ET

    CHICAGO— Boeing Co. on Wednesday reported fourth-quarter earnings of $1.47 billion. Boeing expects full-year earnings in the range of $8.20 to $8.40 per share, with revenue in the range of $94.5 billion to $96.5 billion. Boeing shares have climbed almost 2 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped slightly more...

  • ATLANTA— The Republican Governors Association and its Democratic counterpart were the dominant players in making donations to pay for state-level elections in 2014. The two groups often served as pass-throughs for billionaires, unions and corporations seeking influence in statehouses nationwide. The RGA, which helped the GOP grow its roster of...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • US govt tells agents to ID immigrants not to deport Wednesday, 28 Jan 2015 | 12:24 AM ET

    WASHINGTON— The Obama administration has ordered immigration agents to ask immigrants they encounter living in the country illegally whether they might qualify under President Barack Obama's plans to avoid deporting them, according to internal training materials obtained by The Associated Press. The directives from the Homeland Security Department...

  • Calamos Asset Management posts 4Q profit Tuesday, 27 Jan 2015 | 5:48 PM ET

    NAPERVILLE, Ill. _ Calamos Asset Management Inc. on Tuesday reported fourth-quarter net income of $4.8 million. The Naperville, Illinois- based company said it had net income of 25 cents per share. Calamos Asset Management shares have dropped 3 percent since the beginning of the year.

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • First Busey posts 4Q profit Tuesday, 27 Jan 2015 | 5:27 PM ET

    URBANA, Ill. _ First Busey Corp. on Tuesday reported fourth-quarter net income of $7.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. First Busey shares have decreased 6 percent since the beginning of the year.

  • CHICAGO, Jan 27- U.S. Steel Corp on Tuesday warned that low oil prices and the strong U.S. dollar could negatively impact its business in 2015 but said the potential for U.S. higher consumer spending could help lift demand. Steel idled plants in Illinois, Indiana and Ohio, citing weak demand from the oil industry. Steel reported a fourth-quarter net profit of $275...

  • The FAA said that United twice improperly accepted hazardous material for air shipments. The FAA said the violations were found during 2013 inspections in Boston, San Francisco, Denver and Chicago. He said United was reviewing a letter from the FAA and would cooperate with the agency.

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset weakness in mining equipment orders due to lower prices for copper, coal and iron ore and a drop in...

  • Jan 27- After a blizzard that blanketed the northeastern United States but proved less powerful in New York City than predicted, airlines, commuter rail, bus lines and subways resumed limited operations on Tuesday. LIRR service remains suspended on the Montauk Branch east of Babylon, Greenport to Ronkonkoma, Port Jefferson Branch east of Huntington and the...

  • WASHINGTON— Colorado's unemployment rate fell by a third. Louisiana's jumped nearly a quarter. Even Louisiana's gain masked some good news: The state added a healthy number of jobs— just not enough to keep up with population growth.

  • Grain lower, livestock mostly higher Tuesday, 27 Jan 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuenday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 3.25 cents higher at $5.2375 a bushel; Mar corn was 2.5 cents lower at $3.815 a bushel; Mar oats were unchanged at $2.9075 a bushel; while Mar soybeans lost 9.5 cents to $9.74 a bushel. Apr live cattle was 1.60 cents higher at $1.4960 a pound; Mar feeder...