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  • 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...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding, but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • Cytec reports 4Q loss Tuesday, 27 Jan 2015 | 6:16 PM ET

    WEST PATERSON, N.J. _ Cytec Industries Inc. on Tuesday reported a fourth-quarter loss of $29.3 million, after reporting a profit in the same period a year earlier. On a per-share basis, the West Paterson, New Jersey- based company said it had a loss of 41 cents. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 61 cents per...

  • *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,...

  • New York was spared the worst of the blizzard, but Boston was hit with more than two feet of snow. United Airlines canceled all flights through Wednesday in Boston and other New England airports, said spokeswoman Mary Ryan. JetBlue Airways had already canceled 190 flights for Wednesday, mostly in Boston and elsewhere in New England.

  • BOSTON/ NEW YORK, Jan 27- A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and forced residents to flee their coastal homes. The snow was forecast to continue into early Wednesday morning in eastern New England, which...

  • TRENTON, N.J.— New Jersey's U.S. senators and two congressmen have denounced a White House draft proposal that would authorize drilling in the Atlantic Ocean. Cory Booker and Robert Menendez and Rep. President Barack Obama's proposal calls for auctioning areas more than 50 miles off Virginia, North and South Carolina, and Georgia to oil companies no earlier than...

  • *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...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, closing schools, cancelling thousands of flights and leaving residents in the hardest-hit parts of Massachusetts and Connecticut digging out as much as 2 feet of snow, though New York City was spared the storm's brunt. The governors of New York and New Jersey lifted travel...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping as much as 2 feet of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system restarted...

  • 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...

  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping more than a foot of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system was set to...

  • The ruling at The Hague District Court clears the way for Vladimir Drinkman to be sent to New Jersey, where he is one of four Russians and a Ukrainian charged in a sophisticated data breach that netted at least 160 million credit and debit card numbers and resulted in losses of hundreds of millions of dollars over seven years. Drinkman's lawyer, Bart Stapert,...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States, dropping more than a foot of snow but falling short of more dire predictions that sent workers and students home, halted thousands of flights and prompted New York officials to ban cars from roads and shut down subway trains. As day broke on Tuesday, the leaders of New York City, New York...

  • The heaviest snowfall was recorded in parts of Connecticut and Massachusetts, while New York City's Central Park saw just 6 inches, less than a quarter of the "historic" snowfall that some meteorologists had predicted. Travel was still snarled, with more than 4,500 flights canceled at U.S. airports, according to FlightAware.com, and no trains or buses in New York,...

  • CIT tops Street 4Q forecasts Tuesday, 27 Jan 2015 | 6:51 AM ET

    LIVINGSTON, N.J. _ CIT Group Inc. on Tuesday reported fourth-quarter net income of $251 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share. Analysts expected $447.9 million, according to Zacks.

  • DETROIT— The city's successful exit from the largest municipal bankruptcy in U.S. history doesn't mean Detroit's troubles are over, its former fiscal overseer told area business leaders Tuesday. Mayor Mike Duggan and the City Council have resources, but the work of moving Detroit forward continues, Kevyn Orr said at a Detroit Economic Club event.

  • With memories still fresh of Sandy, a superstorm that ravaged the East Coast in 2012, the governors of six East Coast states declared emergencies. The National Weather Service in New York said roughly 5.5 inches of snow had fallen in the Manhattan's Central Park by early Tuesday and nearly nine inches were recorded on parts of Long Island.