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  • Cabot posts 1Q profit Thursday, 29 Jan 2015 | 7:00 AM ET

    AURORA, Ill. _ Cabot Microelectronics Corp. on Thursday reported fiscal first-quarter profit of $19.7 million. The Aurora, Illinois- based company said it had profit of 80 cents per share. Keywords: Cabot Microelectronics, Earnings Report.

  • NEW DELHI, Jan 29- New Delhi's transport department has written to U.S. taxi hailing company Uber Technologies Inc detailing problems with its application for a license in the city, further complicating the firm's ability to operate in India's capital. Uber's services have been banned since December in New Delhi, when one of its drivers was accused of raping a...

  • GRAINS-Wheat eases for 7th session, corn hits 3-month low Wednesday, 28 Jan 2015 | 10:19 PM ET

    *Wheat falls for 7th day, trades near 3- month low. *Corn falls to almost 3- month low as crude oil weakens. Corn slid to an almost three-month low on the lack of demand for making grain-based fuel ethanol as crude oil prices hover near their weakest in six years.

  • Idex tops 4Q profit forecasts Wednesday, 28 Jan 2015 | 6:40 PM ET

    LAKE FOREST, Ill. _ IDEX Corp. on Wednesday reported fourth-quarter net income of $61.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Idex shares have decreased slightly more than 7 percent since the beginning of the year.

  • McDonald's CEO steps down as sales decline Wednesday, 28 Jan 2015 | 5:58 PM ET

    NEW YORK— McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image. The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by Steve Easterbrook, a company veteran who rejoined McDonald's as its chief brand officer in 2013.. McDonald's Corp., which has...

  • Detroit property tax bills set to dip Wednesday, 28 Jan 2015 | 5:58 PM ET

    Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...

  • OAK BROOK, Ill.— McDonald's says CEO Don Thompson to retire, will be replaced by brand chief Steve Easterbrook.

  • General Growth Properties reports 4Q results Wednesday, 28 Jan 2015 | 4:48 PM ET

    CHICAGO _ General Growth Properties Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share. Analysts expected $683.7 million, according to Zacks.

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • WASHINGTON, Jan 28- U.S. lawmakers proposed a bill on Wednesday that would create a single food safety agency by bringing together the oversight functions of the Food and Drug Administration, U.S. Department of Agriculture and other agencies. Democratic Senator Richard Durbin from Illinois and Representative Rosa DeLauro, a Democrat from Connecticut, told...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, the day after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water...

  • The move comes as Sears, which has lost more than $6 billion over the past four years, prepares to announce results for the key holiday quarter late next month. Shares of Sears were down 4.1 percent at $32.80 in morning trade. Sears spokesman Howard Riefs said the company has eliminated 100 positions at its headquarters in Hoffman Estates, Illinois where it...

  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • WILMINGTON, Del.— A federal judge in Delaware ruled Wednesday that the Chapter 11 case of casino giant Caesars Entertainment Corp. will proceed in Illinois, denying a motion by several creditor groups who wanted the case heard in Delaware. Bankruptcy Judge Kevin Gross was a victory for Caesars, whose operating unit filed for bankruptcy protection in Chicago...

  • Jan 28- Sears Holdings has cut 115 jobs, including 100 at its headquarters near Chicago, as the struggling retailer looks to rein in costs, the Chicago Tribune reported on Wednesday.

  • As gas prices fell below $3 a gallon, Kristen Harris went back to delivering her desserts to Chicago- area neighborhoods she had abandoned. "We definitely want to saturate the Chicago market," says Harris, whose Homewood, Illinois, based Pizzazzed Plus makes cookies, cake pops and other treats. Between 2011 and 2013, gas averaged around $3.50 a gallon nationally—...

  • Grain lower, livestock mixed Wednesday, 28 Jan 2015 | 10:51 AM ET

    CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 5.25 cents lower at $5.1375 a bushel; Mar corn was 4.50 cents lower at $3.7675 a bushel; Mar oats were unchanged at $2.8925 a bushel; while Mar soybeans lost 4 cents to $9.6975 a bushel. Apr live cattle was. 10 cent lower at $1.5090 a pound; Mar feeder...

  • *Yahoo unveils plan to spin off Alibaba stake. NEW YORK, Jan 28- U.S. stocks were set to rise at the open on Wednesday, boosted by earnings including from Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. The expected gains in major equity indexes come a day after a sharp selloff on Wall Street,...