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  • *FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.

  • WASHINGTON/ BOSTON, Dec 17- Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday. The law enforcement official, who declined to be identified because the investigation is ongoing, said authorities will require...

  • US STOCKS-Wall St adds to gains as Fed upbeat on economy Wednesday, 17 Dec 2014 | 2:26 PM ET

    NEW YORK, Dec 17- U.S. stocks extended gains on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates sometime next year, suggesting confidence in the U.S. economy. "It's pretty upbeat on the economy, and that's what the stock market is reacting to," said John Canally, investment strategist and economist at LPL Financial...

  • WASHINGTON/ BOSTON, Dec 17- Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday. A threat against theaters planning to show Sony Corp's controversial movie about the assassination of the leader of North Korea...

  • Massachusetts couple sues Whole Foods, ranch Wednesday, 17 Dec 2014 | 11:15 AM ET

    BOSTON— A Massachusetts husband and wife who blame their 8- year-old son's death on the ground beef they bought at a Whole Foods Market have sued the supermarket chain and the ranch they say produced and processed the meat. Melissa and Andrew Kaye, of Braintree, said in their suit filed Tuesday in U.S. District Court in Boston that the grass-fed beef they bought at...

  • TREASURIES-U.S. bond yields flat ahead of Fed statement Wednesday, 17 Dec 2014 | 10:31 AM ET

    NEW YORK, Dec 17- U.S. Fed Chair Janet Yellen will hold a press conference half hour later. "They have set up the path for a rate hike unless something really goes awry," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey.

  • 14 charged in deadly 2012 meningitis outbreak Wednesday, 17 Dec 2014 | 7:15 AM ET

    Federal prosecutors leveled those allegations in bringing charges Wednesday against 14 former owners or employees of a Massachusetts pharmacy in connection with a nationwide meningitis outbreak that killed 64 people. The 2012 outbreak was traced to tainted drug injections manufactured by the now-closed New England Compounding Pharmacy of...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • Five Star reports 1Q loss Tuesday, 16 Dec 2014 | 4:24 PM ET

    NEWTON, Mass. _ Five Star Quality Care Inc. on Tuesday reported a loss of $1.9 million in its second quarter. On a per-share basis, the Newton, Massachusetts- based company said it had a loss of 4 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Apple wins class-action lawsuit over iPod prices Tuesday, 16 Dec 2014 | 1:27 PM ET

    OAKLAND, Calif.— A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online stores. The eight-member jury in U.S. District Court handed Apple a victory by rejecting a claim from attorneys for consumers and iPod...

  • INTERVIEW- Barney Frank on practically everything Tuesday, 16 Dec 2014 | 10:39 AM ET

    Dec 16- Long a legislative lion for Democrats, Barney Frank retired from Congress two years ago. In Congress, he was the controversial Democratic leader on the House Financial Services Committee and was a co-sponsor of the eponymous 2010 Dodd-Frank act, which brought sweeping reform to the financial industry. REUTERS: What do you make of Congress last weekend...

  • CAMBRIDGE, Mass.— Bluebird Bio is capitalizing on a recent stock price spike with a public offering of more shares that it expects to raise over $211 million, most of which will go toward clinical research. The Cambridge, Massachusetts, company said Tuesday that it will price its offering of about 2.7 million shares at $85 each before underwriting discounts.

  • UPDATE 1-U.S. Senate approves new surgeon general Monday, 15 Dec 2014 | 6:53 PM ET

    The Senate will vote on Tuesday on another contentious nominee, Sarah Saldana. The Senate scheduled votes on Murthy, Saldana and three other nominees for Monday and Tuesday as part of Majority Leader Harry Reid's push to get nominations through the Senate before it goes home for the year. Last year, Democrats infuriated Republicans by changing Senate rules so...

  • Dec 15- GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday. The new terms should be worth $50 million more than the original settlement, according to an attorney for GT noteholders, providing financing...

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • Memories of financial crisis fading as risks rise Monday, 15 Dec 2014 | 1:20 PM ET

    —Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis. —The Institute of International Finance declared it "worrisome" that global indebtedness, as a share of world economic output, has reached record levels. "We're on a very dangerous trajectory," said Simon Johnson, professor of global economics at the Massachusetts...

  • 14 cities get Bloomberg 'innovation team' grants Monday, 15 Dec 2014 | 9:01 AM ET

    NEW YORK— Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced Monday. Winners range in size from Centennial, Colorado,...

  • NEW YORK, Dec 15- For investors in 2014, it was hard not to feel like winners. The S&P 500 is up 10 percent on the year, and existing-home sales just enjoyed a 32nd month of year-over-year price gains, according to the National Association of Realtors. One sign of this is that only 31 percent of investors is even making corrective financial resolutions for the New Year,...

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • Congress sends Obama $1.1 T spending bill Saturday, 13 Dec 2014 | 12:12 AM ET

    WASHINGTON— President Barack Obama on Friday urged the Senate to ratify a $1.1 trillion, House-passed spending bill that has roiled his Democratic Party, judging it an imperfect measure that stems from "the divided government that the American people voted for." Mike Lee of Utah, launched a bid to force the Senate to vote on Obama's new immigration policy.