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  • Profit growth expectations for S&P 500 energy companies have fallen more than any other sector- from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. With various names due to report next week, including Exxon Mobil, Chevron, ConocoPhillips and National Oilwell Varco, there are hopes that executives will suggest that...

  • NEW YORK, Oct 24- Market fluctuations eased on Friday and the Standard& Poor's 500 index ended its best week in almost two years as fears dwindled that the first Ebola diagnosis in New York could lead to widespread contagion in the nation's financial capital. "Ebola is really center stage as the No. 1 fear of the market right now because of the immediate reaction...

  • Federal prosecutors in New York said David Post, 41, a product manager at the bank, received nonpublic information from a former Rutgers Business School classmate about three companies: Idenix Pharmaceuticals, Ardea BioSciences and ViroPharma Inc.. Prosecutors did not name the classmate, but on Oct. 14 they charged Zachary Zwerko, a former senior finance...

  • Is refinancing your mortgage worth it? Friday, 24 Oct 2014 | 4:33 PM ET

    As recently as January, the average was 4.53 percent, according to mortgage giant Freddie Mac. Applications reached their highest level since November 2013 last week, according to the Mortgage Bankers Association. "You want to be careful to do the math and be sure you're coming out ahead," said Gary Kalman, executive vice president at the Center for Responsible...

  • Federal prosecutors in New York said David Post, 41, a product manager at the bank, received nonpublic information from a former Rutgers Business School classmate about three companies: Idenix Pharmaceuticals, Ardea BioSciences and ViroPharma Inc.. Prosecutors did not name the classmate, but on Oct. 14 they charged Zachary Zwerko, a former senior finance...

  • Avis Budget buying licensee for $210M Friday, 24 Oct 2014 | 11:49 AM ET

    PASIPPANY, N.J.— The Avis Budget Group is acquiring a Budget Car Rental licensee for southern California and Las Vegas for approximately $210 million, plus the cost of its vehicle fleet. The acquisition of the licensee, which Avis Budget said Friday is Budget Car Rental's largest in North America, is expected to increase earnings and add $100 million in revenue.

  • Wyndham 3Q adjusted profit tops Wall Street's view Friday, 24 Oct 2014 | 6:39 AM ET

    PARSIPPANY, N.J.— Wyndham Worldwide Corp.' s third-quarter net income rose 10 percent as revenue improved across all business segments. Wyndham earned $206 million, or $1.64 per share, for the period ended Sept. 30. Revenue climbed to $1.51 billion from $1.43 billion, but fell slightly short of Zacks' forecast for $1.52 billion in revenue.

  • Union picket lines go up at Taj Mahal casino Friday, 24 Oct 2014 | 2:23 AM ET

    The demonstration came a day after billionaire Carl Icahn told The Associated Press the Trump Taj Mahal Casino Resort "will almost certainly close" and he wishes he'd never answered the phone when owner Trump Entertainment Resorts approached him about taking it over and investing $100 million to keep it afloat. Trump Entertainment CEO Robert Griffin said...

  • IGI Labs beats Street 3Q forecasts Thursday, 23 Oct 2014 | 7:48 PM ET

    BUENA, N.J. _ IGI Laboratories Inc. on Thursday reported a third-quarter loss of $202,000. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. Analysts expected $6.3 million, according to Zacks.

  • APNewsBreak: Icahn says Taj casino likely to close Thursday, 23 Oct 2014 | 6:10 PM ET

    ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close." Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the fifth. Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won't back out of a deal he made with owner Trump...

  • NPS Pharma says FDA extends review of Natpara Thursday, 23 Oct 2014 | 5:13 PM ET

    NEW YORK— NPS Pharmaceuticals says the Food and Drug Administration won't make a decision on its drug Natpara on Friday and will extend its review by three months. The company said Thursday that the FDA is now scheduled to make a decision on Natpara by Jan. 24. Shares of NPS Pharmaceuticals Inc. shed $1.08, or 3.7 percent, to $28 in aftermarket trading.

  • Chubb beats Street 3Q forecasts Thursday, 23 Oct 2014 | 4:27 PM ET

    WARREN, N.J. _ Chubb Corp. on Thursday reported earnings of $594.3 million in its third quarter. Analysts expected $3.37 billion, according to Zacks. For the current quarter ending in December, Chubb expects its per-share earnings to range from $2 to $2.10.

  • *Saudi Arabia increases Sept output but cuts market supply. *All eyes on OPEC November meeting. NEW YORK, Oct 23- Brent crude oil jumped nearly 3 percent on Thursday, its most in over four months, after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

  • Tax trial for 'The Situation' set for December Thursday, 23 Oct 2014 | 1:08 PM ET

    NEWARK, N.J.— A judge has scheduled a December trial for a former cast member of MTV's reality show "Jersey Shore" who's facing federal tax charges. Mike "The Situation" Sorrentino and his brother, Marc, appeared in court Thursday in Newark, New Jersey. Mike Sorrentino was initially scheduled for arraignment two weeks ago but was given an extension because he was...

  • UPDATE 6-Brent jumps on Saudi supply cut, strong data Thursday, 23 Oct 2014 | 12:45 PM ET

    *Saudi Arabia increases Sept output but cuts market supply. *All eyes on OPEC November meeting. NEW YORK, Oct 23- Brent crude oil jumped as much as $2 a barrel on Thursday after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

  • NJ Turnpike widening set to ease bottleneck Thursday, 23 Oct 2014 | 11:37 AM ET

    TRENTON, N.J.— One of New Jersey's most notorious traffic bottlenecks may soon disappear. A $2.3 billion project to widen the New Jersey Turnpike from six to 12 lanes between Interchange 6, in Burlington County, and Interchange 9, in New Brunswick, is nearly complete. Thomas Feeney, a turnpike authority spokesman, said the project came in more than $200 million...

  • Taj Mahal casino workers dreading insurance loss Thursday, 23 Oct 2014 | 11:30 AM ET

    ATLANTIC CITY, N.J.— One worker had to move up a double mastectomy before her insurance runs out in a week. All three are longtime workers at Atlantic City's Taj Mahal casino, and in just over a week, the three will be without health insurance following a judge's termination of the union's contract with the bankrupt casino. When U.S. Bankruptcy Court Judge Kevin Gross...

  • Mack-Cali reports 3Q results Thursday, 23 Oct 2014 | 8:28 AM ET

    EDISON, N.J. _ Mack-Cali Realty Corp. on Thursday reported a key measure of profitability in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents per share. Analysts expected $152.7 million, according to Zacks.

  • Celgene 3Q profit climbs; company lifts outlook Thursday, 23 Oct 2014 | 7:54 AM ET

    NEW YORK— Celgene Corp. said Thursday that its net income climbed 37 percent in the third quarter, and the biotechnology company raised its forecast for the full year. Celgene also announced a new cancer drug development partnership with a price tag that could top $1 billion. Excluding one-time items Celgene said it earned 97 cents per share.

  • Quest Diagnostics beats Street 3Q forecasts Thursday, 23 Oct 2014 | 7:13 AM ET

    MADISON, N.J. _ Quest Diagnostics Inc. on Thursday reported profit of $129 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. Quest Diagnostics expects full-year earnings in the range of $4.03 to $4.07 per share.