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  • Dover tops Street 3Q forecasts Thursday, 16 Oct 2014 | 7:15 AM ET

    DOWNERS GROVE, Ill. _ Dover Corp. on Thursday reported earnings of $231.8 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. Analysts expected $2.03 billion, according to Zacks.

  • Baxter meets 3Q profit forecasts Thursday, 16 Oct 2014 | 7:12 AM ET

    The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.31 per share. Analysts expected $4.18 billion, according to Zacks. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.39.

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin- based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. pharmaceutical company AbbVie has pulled the plug on its plan to buy Dublin- based drugmaker Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • Oct 16- U.S. pharmaceutical company AbbVie Inc recommended that shareholders vote against its $55 billion takeover of Shire Plc in the wake of a U.S. government move to curb deals designed to cut high taxes. "The agreed upon valuation is no longer supported as a result of the changes to the tax rules and we did not believe it was in the best interests of our...

  • AbbVie recommends stockholders to reject Shire deal Thursday, 16 Oct 2014 | 12:55 AM ET

    Oct 16- U.S. pharmaceutical company AbbVie Inc recommended stockholders to vote against its $55 billion takeover of Shire Plc in the wake of a U.S. government move to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad. "The agreed upon valuation is no longer supported as a result of the changes to the tax rules and we did...

  • AbbVie sours on $55B Shire deal after tax changes Thursday, 16 Oct 2014 | 12:47 AM ET

    AbbVie's board is telling shareholders to vote against its own $55 billion takeover bid for the Irish drugmaker Shire after the U.S. made reincorporating overseas a less lucrative tax maneuver. If Abbvie does walk away, it would be the biggest deal yet that has collapsed after a public backlash against the moves, known as tax inversions, and changes in U.S. tax...

  • RLI Corp. beats 3Q profit forecasts Wednesday, 15 Oct 2014 | 4:18 PM ET

    PEORIA, Ill. _ RLI Corp. on Wednesday reported third-quarter profit of $33.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. RLI Corp. shares have decreased roughly 7 percent since the beginning of the year.

  • Snow, ice and maybe profit for small businesses Wednesday, 15 Oct 2014 | 2:08 PM ET

    NEW YORK— What do you do in the midst of mountains of snow? Jeff Oddo isn't waiting for a forecast of snow to order salt. "We ended up losing a ton of money last year," says Oddo, whose company is based in Lenexa, Kansas.

  • Fed survey finds moderate growth nationwide Wednesday, 15 Oct 2014 | 2:04 PM ET

    The Fed report released Wednesday said six of its 12 regions— Cleveland, Chicago, St. Louis, Minneapolis, Dallas and San Francisco— reported "moderate" growth. In the New York region, however, manufacturing growth stalled, and Boston reported weaker results than in the past few reports. Three districts— Cleveland, Chicago and San Francisco— reported stronger demand...

  • EPA said it was applying "first-time-ever restrictions" on its approval of the herbicide, called Enlist Duo, which is designed to be used with new genetically modified crops developed by Dow AgroSciences, a unit of Dow Chemical. EPA said the approval lays out a template of new requirements for future approvals of herbicides designed for use with genetically...

  • PRECIOUS-Gold rises as U.S. equities sink; outlook weak Wednesday, 15 Oct 2014 | 12:23 PM ET

    NEW YORK/ LONDON, Oct 15- Gold rose on Wednesday as global equities plunged and U.S. Bullion earlier rose to less than $1 below key resistance at $1,250 an ounce before paring losses. "Gold is vulnerable to more sell-offs after it failed to hold earlier flight-to-safety gains," said Eli Tesfaye, senior market strategist at RJO Futures in Chicago.

  • *Shire shares tumble as AbbVie reconsiders bid. NEW YORK, Oct 15- U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Worries about a lethargic global economy weren't helped by data that showed U.S. retail sales and producer prices fell in September, while...

  • EPA approves new weed killer for engineered crops Wednesday, 15 Oct 2014 | 12:00 PM ET

    The EPA said Wednesday that it will allow the use of a 2,4- D weed killer called Enlist Duo, a new version of the popular herbicide used since the 1940 s. The EPA said in a release that the agency's decision reflects a large body of science and that officials used "highly conservative and protective assumptions to evaluate human health and ecological risks."

  • Hedge funds bleed as AbbVie reconsiders Shire bid Wednesday, 15 Oct 2014 | 11:51 AM ET

    LONDON, Oct 15- Some of the world's best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie's decision to reconsider its $55 billion bid for the British healthcare group. Chicago- based AbbVie was eager to buy Shire to reduce its U.S. tax bill by moving its tax base to Britain. "It seems Abbvie is...

  • *Shire shares tumble as AbbVie reconsiders bid. NEW YORK, Oct 15- U.S. stocks dropped on Wednesday as economic data reinforced worries over the health of the world economy and signs emerged of slowing merger activity. Worries about a slowing global economy weren't helped by data that showed U.S. retail sales and producer prices fell in September, while...

  • Grain mixed, livestock lower Wednesday, 15 Oct 2014 | 10:55 AM ET

    CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was 5 cents lower at $5.0425 a bushel; Dec corn was 1 cent higher at $3.58 a bushel; Dec oats were unchanged at $3.4525 a bushel; while Nov soybeans gained 4.25 cents at $9.69 a bushel. Dec live cattle was. 95 cents lower at $1.6297 pound; Nov feeder cattle was...

  • Yogurt is now official New York state snack Wednesday, 15 Oct 2014 | 10:44 AM ET

    ALBANY, N.Y.— Yogurt is now the official snack of New York, a distinction suggested by a fourth-grade class that's meant to celebrate the state's status as the nation's largest producer of the fermented milk product. New York made 741 million pounds of yogurt last year, up from 695 million pounds in 2012. California, the nation's No. 2 producer, made 591 million...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...

  • *Shire shares tumble as AbbVie reconsiders bid. Aside from concerns about the global economy, Chicago- based AbbVie said it was reconsidering its $55 billion takeover of the company weeks after the U.S. government moved to curb deals designed to reduce tax, throwing the vitality of merger and acquisition activity into doubt. U.S.-listed shares of Shire tumbled...