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  • 2 in meningitis outbreak case to be released Thursday, 18 Dec 2014 | 2:07 AM ET

    The co-founders, pharmacists and pharmacy technicians at a Massachusetts compounding pharmacy are accused of using expired ingredients and failing to follow standards for cleanliness at the now-closed New England Compounding Center in Framingham, which is blamed for tainted steroids that caused the deadly outbreak. The most serious charges in the...

  • Why the Fed thinks US economy still needs its help Thursday, 18 Dec 2014 | 12:05 AM ET

    WASHINGTON— If you didn't know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008. "There is no preset time," Fed Chair Janet Yellen explained at a news conference.

  • Apogee Enterprises posts 3Q profit Wednesday, 17 Dec 2014 | 4:16 PM ET

    MINNEAPOLIS _ Apogee Enterprises Inc. on Wednesday reported net income of $13.7 million, or 47 cents per share, in its fiscal third quarter. Apogee Enterprises expects full-year earnings to be $1.64 to $1.72 per share. Apogee Enterprises shares have increased 22 percent since the beginning of the year.

  • Fed to be 'patient' about a rate hike; stocks soar Wednesday, 17 Dec 2014 | 2:07 PM ET

    WASHINGTON— The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. economy. At a news conference afterward, Chair Janet Yellen said she foresaw no rate hike in the first quarter of 2015.. "The Fed is sending the message that the broader U.S. economy is on the path toward healing," said Steven Ricchiuto, chief...

  • Dec 17- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reaffirmed its full-year forecast and reported a better-than-expected profit as it cut costs to battle weak sales in the United States. General Mills has embarked on a cost-saving program that aims to save more than $400 million in fiscal 2015. The company is cutting 700-800...

  • General Mills tops 2Q profit forecasts Wednesday, 17 Dec 2014 | 7:21 AM ET

    MINNEAPOLIS— General Mills Inc. on Wednesday reported earnings of $346.1 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share. Analysts expected $4.84 billion, according to Zacks.

  • 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 Center of Framingham.

  • Dec 16- Online taxi service Uber Technologies Inc has limited employee access to its "God View," a real-time taxi monitoring tool, amid increasing privacy concerns. God View, which lets the company see all Uber cabs in a city and waiting customers who have hailed cars, is now available only to "employees working in operations or other areas, like fraud prevention," Uber...

  • Dec 16- Taxi service provider Uber Technologies Inc said only some of its employees have access to "God View," or a real-time aerial view of the movement of its cars. The tool is available only to "employees working in operations or other areas, like fraud prevention," the company said in a letter to Minnesota Senator Al Franken. The tool was also shown to some third...

  • 3M gives 2015 earnings outlook; boosts dividend Tuesday, 16 Dec 2014 | 7:06 AM ET

    ST. PAUL, Minn.— 3 M anticipates its 2015 earnings will be in range of analysts' estimates. 3 M, which makes Post-it notes, industrial coatings and ceramics, said Tuesday that it expects 2015 earnings between $8 and $8.30 per share. 3 M, which is based in St. Paul, Minnesota, declared a dividend of $1.025 per share for 2015' s first quarter.

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • Powdered alcohol? Not so fast, lawmakers say Monday, 15 Dec 2014 | 5:13 PM ET

    DENVER— Powdered alcohol, touted by its inventor as an easy way to mix a drink on-the-go, hasn't even arrived in stores but states are moving to ban the product amid concern that it will increase underage drinking. Colorado is the latest state considering banning "Palcohol," marketed as an ounce of rum or vodka in powdered form. "I think being proactive and jumping out...

  • Halal beef supplier vows to contest fraud charges Monday, 15 Dec 2014 | 2:00 PM ET

    Midamar Corp., based in Cedar Rapids, Iowa, denies the allegations that it sold at least $4.9 million in beef to customers in Malaysia, Kuwait, United Arab Emirates and elsewhere that did not follow the halal practices promised in its labeling and advertising. Also indicted is another company the brothers operate, Islamic Services of America— one of the few...

  • 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,...

  • Fish farming finds its way to land-locked Midwest Saturday, 13 Dec 2014 | 10:22 AM ET

    OMAHA, Neb.— The latest of five generations who have worked the same ground in northeastern Nebraska, 52- year-old Scott Garwood, isn't growing corn or cattle— it's fish. And such tank systems can be placed almost anywhere— from Minnesota to Florida— because temperature and water quality can be controlled. Globally, aquaculture supplies more than 50 percent of all...

  • Feds: NY lawyer told of Ponzi ruse in suicide note Friday, 12 Dec 2014 | 5:56 PM ET

    NEW YORK— A lawyer who authorities say attempted suicide to evade prosecution for a $5 million Ponzi scheme was arrested Friday at the hospital where he has been recovering since he was pulled from the Hudson River off Manhattan over a month ago. Charles A. Bennett, 56, a former corporate lawyer at a New York City- based law firm, was permitted to remain free of...

  • Auto dealer chain to pay fine for deceptive ads Friday, 12 Dec 2014 | 12:22 PM ET

    IOWA CITY, Iowa— A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running misleading ads, federal regulators announced Friday. The complaint named Billion dealerships in Iowa City, Clive and Sioux City, Iowa; Sioux Falls, South Dakota; and Billings, Montana. Their ads routinely reach...

  • Fed member plans to leave when term ends in 2016 Friday, 12 Dec 2014 | 12:01 PM ET

    WASHINGTON— Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis, said Friday he will step down when his current term ends in early 2016, marking the departure of one of the Fed's leading proponents of easier credit conditions to battle unemployment. Before his appointment as head of the Minneapolis bank in October 2009,...

  • NLRB issues rule to speed up union organizing Friday, 12 Dec 2014 | 10:36 AM ET

    AFL-CIO President Richard Trumka said the NLRB's "modest but important reforms" will help reduce delays and make it easier for workers to vote on forming a union. The U.S. Chamber of Commerce said the new rule will "hamstring employers facing organizing drives and give unions the upper hand." And the Retail Industry Leaders Association called it flawed and...

  • WASHINGTON, Dec 9- U.S. states' revenues are growing at a faster clip than last year, mostly due to the brightening national economic picture, and are stabilizing the governments' budgets, according to a nationwide survey released on Tuesday. "Economic growth and declines in the unemployment rate have led to an improved outlook for state revenues in fiscal 2015,...