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  • *Citigroup, Johnson& Johnson climb after earnings. JPMorgan Chase shares lost 1.8 percent to $57.13 in premarket, after the biggest U.S. bank posted third-quarter earnings. Fellow banks Citigroup gained 2.2 percent to $51 while Wells Fargo declined 1.2 percent to $49.59 after posting quarterly results.

  • J&J hikes 2014 forecast for a third time Tuesday, 14 Oct 2014 | 8:18 AM ET

    Johnson& Johnson lifted its 2014 earnings forecast for a third time on Tuesday, fueled in part by revenue gains from its new blockbuster hepatitis C treatment Olysio. J&J's higher forecast came a couple days after the Food and Drug Administration approved Harvoni, a pill from Gilead Sciences Inc. that can cure the most common form of hepatitis C without the...

  • J&J beats Street 3Q forecasts Tuesday, 14 Oct 2014 | 7:51 AM ET

    NEW BRUNSWICK, N.J.— NEW BRUNSWICK, N.J.— Johnson& Johnson on Tuesday reported third-quarter earnings of $4.75 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share. Analysts expected $18.31 billion, according to Zacks.

  • Icahn aide: Taj has to close if union pact remains Tuesday, 14 Oct 2014 | 2:30 AM ET

    Trump Entertainment Resorts and billionaire investor Carl Icahn want the judge to cancel the casino's union contract, saying it can't survive without shedding costly pension and health care obligations. Bankruptcy Judge Kevin Gross on Tuesday that Trump Entertainment needs the financial relief that breaking the union contract would provide.

  • Romney legacy expands to brain diseases Tuesday, 14 Oct 2014 | 12:02 AM ET

    WASHINGTON— Their legacy already established in politics, Mitt Romney and his wife, Ann, are working to leave a lasting mark on neuroscience. Boston's Brigham and Women's Hospital on Tuesday will announce the launch of the Ann Romney Center for Neurologic Diseases, a venture funded by the Romneys and their expansive political network that will assemble scores...

  • *Wall Street stocks tumble for third straight session. NEW YORK, Oct 13- Stocks on Wall Street tumbled in late selling on Monday as the technical picture soured for the S&P 500, while the U.S. dollar posted its worst day in a year after comments from Federal Reserve officials hinted at delays in expected interest rate hikes. "There's been a lot of focus on breaking...

  • NEW YORK, Oct 13- Shares of little-known medical equipment and biotech companies jumped on Wall Street on Monday, after news that a nurse had become the first person to contract the deadly Ebola virus in the United States. Shares of biotechnology company Ibio Inc, hazmat suits maker Lakeland Industries Inc, and face mask maker Alpha Pro Tech Ltd all ended the day...

  • MIAMI, Oct 13- Former high-ranking UBS bank executive Raoul Weil goes to trial in Fort Lauderdale, Florida on Tuesday for allegedly helping thousands of Americans avoid paying taxes by concealing up to $20 billion in secret Swiss bank accounts. "We are preparing diligently for trial," said Weil's New York- based attorney, Aaron Marcu. Since 2009, the Justice...

  • Commuter train engineers reach deal with SEPTA Monday, 13 Oct 2014 | 3:09 PM ET

    PHILADELPHIA— Engineers who operate commuter trains in the Philadelphia area reached a tentative contract with the Southeastern Pennsylvania Transportation Authority, union and transit officials said Monday, meaning passengers can continue riding the rails without fear of another strike if the pact is accepted. "This agreement keeps the trains rolling...

  • Casino woes bring deep discounts in Atlantic City Monday, 13 Oct 2014 | 1:25 PM ET

    —THE PIER SHOPS AT CAESARS: Philadelphia developer Bart Blatstein is buying the multi-level shopping and entertainment pier that juts out over the ocean for $2.8 million, according to a source with knowledge of the deal, speaking to The Associated Press on condition of anonymity because the person was not authorized to discuss it publicly.

  • Pier Shops latest Atlantic City discount sale Monday, 13 Oct 2014 | 12:31 PM ET

    The Pier Shops at Caesars is the latest Atlantic City attraction to sell at a whopping discount. A source with knowledge of the deal, speaking to The Associated Press on condition of anonymity because the person was not authorized to discuss it publicly, puts the price at $2.8 million; the shops cost $200 million to build. I see Atlantic City as an incredible buy. "

  • Developer says he's buying Pier Shops at Caesars Sunday, 12 Oct 2014 | 8:51 PM ET

    ATLANTIC CITY, N.J.— Philadelphia developer Bart Blatstein says he plans to buy the Pier Shops at Caesars in Atlantic City. Blatstein tells the Press of Atlantic City on Sunday that he has an agreement to buy the high-end shopping center along the Atlantic Ocean. The four-level shopping center was designed to put new glitz and glamour into Atlantic City, but its...

  • NEW YORK, Oct 12- The missteps in Dallas's handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations for everything from measles to floods, to hurricanes and dirty bombs. Reuters checks with health departments in six states and...

  • NEW YORK, Oct 11- The missteps in Dallas's handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations for everything from measles to floods, to hurricanes and dirty bombs. Reuters checks with health departments in six states and...

  • Music producer convicted of investment fraud in NY Friday, 10 Oct 2014 | 6:17 PM ET

    Charles Huggins, 68, of Edgewater, New Jersey, was convicted of wire fraud and conspiracy to commit wire fraud by a jury that deliberated less than a day. District Judge Sidney Stein ordered Huggins held at least until his sentencing, saying his risk to flee is higher because he has foreign bank accounts and knows high-level government officials in Africa.

  • Business Highlights Friday, 10 Oct 2014 | 6:14 PM ET

    Olive Garden seen through an unlimited pasta pass. NEW YORK— The " Never Ending Pasta Pass" card from Olive Garden not only promised weeks of unlimited pasta, but a look into why the chain is fighting to hold onto customers. It was a successful publicity stunt for Olive Garden's parent company, Darden Restaurants.

  • Icahn: Senate leader 'selling out' Atlantic City Friday, 10 Oct 2014 | 12:10 PM ET

    ATLANTIC CITY, N.J.— Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn't give the billionaire investor the tax breaks he is seeking. Icahn said Sweeney, who is also a union leader, "is selling out Atlantic City" by publicly considering...

  • Inhofe gives final OK to $700M to fight Ebola Friday, 10 Oct 2014 | 6:56 AM ET

    WASHINGTON— The Republican chairmen of House panels that oversee the Pentagon signed off Thursday on an additional $700 million to pay for the military mission to help fight Africa's deadly Ebola outbreak. Thursday's action by Armed Services Committee Chairman Howard "Buck" McKeon and Appropriations Chairman Harold Rogers would permit a total of $750...

  • *Gold extends gains to fourth session. NEW YORK/ LONDON, Oct 9- Gold rose to a two-week high on Thursday, extending its daily winning streak to four, as safe-haven buying increased after U.S. equities tumbled on concerns over the pace of economic growth. "Gold is benefiting from a flight to quality as the stock market is heading into a correction.

  • NEW YORK, Oct 9- U.S. stocks slid on Thursday, erasing the previous session's sharp rally, on lingering concern about the strength of the global economy and after a Federal Reserve official said market views on rate hikes are at odds with the central bank's. St. Louis Federal Reserve Bank President James Bullard said the disconnect between the market's view on the...