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  • WILLISTON, N.D., May 6- A BNSF train that derailed in central North Dakota on Wednesday was carrying railcars owned by Hess Corp, 10 of which caught fire and forced the evacuation of a nearby town, the oil producer told Reuters late Wednesday. Hess, the third-largest North Dakota oil producer, said BNSF is leading cleanup efforts but added it stands ready to assist.

  • Pandora wins appeal against songwriters society ASCAP Wednesday, 6 May 2015 | 7:37 PM ET

    ASCAP— the American Society of Composers, Authors and Publishers— had been seeking to raise what Pandora pays songwriters. On Wednesday, the 2nd U.S. Circuit Court of Appeals in New York said ASCAP must still license its works to Pandora at a court-set rate. Major music publishers EMI, Sony and Universal had sought a partial withdrawal from ASCAP so they could cut a...

  • Ladder Capital misses 1Q profit forecasts Wednesday, 6 May 2015 | 7:24 PM ET

    NEW YORK _ Ladder Capital Corp. on Wednesday reported first-quarter net income of $9.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Ladder Capital shares have decreased 12 percent since the beginning of the year.

  • IntraLinks reports 1Q loss Wednesday, 6 May 2015 | 7:21 PM ET

    NEW YORK _ IntraLinks Holdings Inc. on Wednesday reported a loss of $9.4 million in its first quarter. For the current quarter ending in June, IntraLinks said it expects revenue in the range of $66.5 million to $68 million. IntraLinks shares have fallen 22 percent since the beginning of the year.

  • Urban Edge Properties reports 1Q results Wednesday, 6 May 2015 | 7:12 PM ET

    NEW YORK _ Urban Edge Properties on Wednesday reported a key measure of profitability in its fiscal first quarter. The New York- based real estate investment trust said it had funds from operations of $31.7 million, or 30 cents per share, in the period. The real estate investment trust that owns and manages shopping centers, based in New York, posted revenue of $83.8...

  • Al Jazeera America says replaces CEO Wednesday, 6 May 2015 | 7:02 PM ET

    May 6- Al Jazeera Media Network said on Wednesday it had replaced the chief executive of its U.S. network, Ehab Alshihabi, in a move that follows reports of several staff departures and a lawsuit claiming wrongful employment. Al Jazeera said in a statement that it had named Al Anstey, managing director of Al Jazeera English, as chief executive to replace Alshihabi.

  • NEW YORK— Based on McDonald's latest ad, it looks like the Hamburglar settled down in the suburbs and spent the last decade going to youth soccer games and perfecting his stubble. The company is bringing the burger thief back to its advertising after a 13- year absence. On Wednesday, McDonald's Corp. tweeted a 30- second ad featuring the Hamburglar, his face unseen,...

  • NEW YORK, May 6- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Friday's report on U.S. nonfarm payrolls in April "feels to me that it's going to be weak." The ADP report, however, has a poor track record for predicting nonfarm payrolls, which is reported by the U.S. Department of Labor and which most economists expect to rebound from a poor...

  • Verizon Communications Inc is the latest distributor to challenge the traditional pay-TV universe when it launched in April a new slimmed-down package of channels with the option to add on genres such as sports, kids or news. Fox, along with Comcast Corp's NBC Universal, said Verizon's service violates their contracts that allow Verizon to carry their...

  • Former controller Kevyn Rakowski and former chief credit officer William North were charged by the Justice Department with making false statements to the Federal Reserve and the Securities and Exchange Commission for allegedly underreporting the number of loans at least 90 days past due in late 2009.. The SEC brought related civil charges against...

  • May 6- A former managing partner at the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Wednesday to 2 -1/ 2 years in prison after he admitted to being part of a scheme that prosecutors say defrauded investors out of $46 million. The sentence was announced by the U.S. Attorney's Office in Connecticut. Prosecutors said that in 2007, New...

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • Varonis reports 1Q loss Wednesday, 6 May 2015 | 5:51 PM ET

    NEW YORK _ Varonis Systems Inc. on Wednesday reported a loss of $12.7 million in its first quarter. For the current quarter ending in June, Varonis expects its results to range from a loss of 31 cents per share to a loss of 28 cents per share. Varonis expects full-year results to range from a loss of 73 cents per share to a loss of 68 cents per share, with revenue ranging...

  • Two Harbors Investments posts 1Q profit Wednesday, 6 May 2015 | 5:27 PM ET

    NEW YORK _ Two Harbors Investments Corp. on Wednesday reported first-quarter net income of $94.8 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Three analysts surveyed by Zacks expected $126.9 million.

  • Prospect Capital misses Street 3Q forecasts Wednesday, 6 May 2015 | 5:27 PM ET

    NEW YORK _ Prospect Capital Corp. on Wednesday reported fiscal third-quarter net income of $81.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Prospect Capital shares have decreased nearly 6 percent since the beginning of the year.

  • The U.S. Department of Justice charged former controller Kevyn Rakowski and former chief credit officer William North with three criminal counts of making false statements to the Federal Reserve, and one criminal count of making false statements to the Securities and Exchange Commission. The SEC brought related civil charges against both men, and also...

  • NEW YORK, May 6- Stocks on major world markets fell on Wednesday, as European borrowing costs reached their highest level this year, while the U.S. dollar slumped against major currencies after weak American economic data. The uncertainty is that these are pretty significant moves, "said Chuck Carlson, chief executive officer at Horizon Investment Services in...

  • NEW YORK— Online games maker Zynga said Wednesday it will cut 364 jobs, or 18 percent of its current staff, as part of a plan to eliminate $100 million in annual spending. Zynga said those moves will eliminate $45 million in annual savings. Zynga had 1,974 employees at the end of 2014. The company said it will take $18 million to $22 million in pretax restructuring...

  • *Treasuries compete with $18 bln of Apple, Shell deals. NEW YORK, May 6- U.S. Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that pushed yields to 2015 peaks and large bond sales by Apple Inc and Royal Dutch Shell.

  • PennantPark meets 2Q profit forecasts Wednesday, 6 May 2015 | 5:09 PM ET

    NEW YORK _ PennantPark Investment Corp. on Wednesday reported fiscal second-quarter profit of $7.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 29 cents per share. Five analysts surveyed by Zacks expected $41.7 million.