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  • Loews misses 1Q profit forecasts Monday, 4 May 2015 | 6:21 AM ET

    NEW YORK _ Loews Corp. on Monday reported first-quarter net income of $109 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Loews shares have fallen almost 1 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • May 4- Hotel, energy and financial services conglomerate Loews Corp reported a 59 percent drop in quarterly profit from continuing operations due to lower income from its energy and insurance subsidiaries. The company's income from continuing operations fell to $109 million, or 29 cents per share, in the first quarter ended March 31 from $265 million, or 68...

  • NEW YORK— Just before its $45 billion deal with Time Warner Cable collapsed over regulators' fears about a giant cable company's control over the Web, Comcast was racking up more Internet customers. Comcast, which also owns NBCUniversal, still has about 6,000 more cable then Internet subscribers, but its Internet customers are expected to surpass cable this...

  • ALBANY, N.Y.— A coalition of businesses and parents from around New York state are supporting legislation that would phase out the use of certain chemicals in toys. The bill, known as the child safe products act, would require manufacturers to phase out the use of chemicals deemed harmful, such as benzene, mercury and cobalt. The bill passed the Assembly last year but...

  • McDonald's to detail latest turnaround plans Monday, 4 May 2015 | 12:02 AM ET

    NEW YORK— McDonald's is set to unveil its latest plans to revive its sputtering business on Monday. The plans are to be detailed just two months after CEO Steve Easterbrook stepped in to take charge of the world's biggest hamburger chain. McDonald's is fighting intensifying competition from a variety of players and has admitted that it failed to keep up with...

  • May 3- The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, the Wall Street Journal reported on Sunday. The IMF's reassessment of the yuan is set to be made official in its reports on China's economy due in the coming months, the Wall Street Journal reported. "On the exchange rate, last year, 2014, our...

  • May 3- The International Monetary Fund is close to declaring China's yuan fairly valued for first time in more than a decade, the Wall Street Journal reported on Sunday.

  • AmEx to roll out loyalty program Plenti on Monday Sunday, 3 May 2015 | 5:02 PM ET

    NEW YORK— American Express will roll out its new loyalty program, Plenti, on Monday, allowing U.S. shoppers for the first time to earn rewards points through a variety of purchases, from paying a phone bill to filling up at the pump. Users can join for free and don't have to be American Express members. "It will really be the first time where U.S. consumers, on a single...

  • NEW YORK— Intuit is looking to draft another small business for some air time in football's biggest game. The winner will get the kind of exposure that big brands like Budweiser, Chevrolet and Microsoft pay millions to get. The winner of the first contest, toy maker GoldieBlox, saw its sales soar after it won Intuit's competition and had a commercial in the 2014...

  • LONDON— Britain's retailers might just be rejoicing as much as Kate and Wills about the birth of a new baby princess. "The royals having a baby girl is most likely to result in a financial windfall for everyone— U.K. tourism and retailers alike," said Tonya Williams Bradford, a marketing expert at the University of Notre Dame in Indiana. People want to copy what the...

  • WEST CHARLTON, N.Y.— In an online profile of "Our Farmers," New York City milk bottler Elmhurst Dairy tells the story of how David Wood bought his first two calves as a part-time hobby in 1970 and grew his Saratoga County farm to more than a thousand Holsteins, whose milk is trucked every day to its plant in Queens. Elmhurst abruptly cut ties with Wood's seven-farmer...

  • Some make nothing at all when Congress is in recess. Members of the House and Senate collect their $174,000 annual salaries whether Congress is making laws, taking a break or causing a partial government shutdown. "This is the most important building in the world," said Sontia Bailey, who works the cash register and stocks the shelves at the "Refectory" takeout on the...

  • BEIJING— A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel. The 8,175- kilometer flight from Nanjing in eastern China to Hawaii— which may take off Thursday, depending on weather— is the seventh of 12 flights.

  • *Buffett defends 3 G cost-cutting, Clayton Homes. OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief...

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he's gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc..

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practices. Berkshire owns more than 80 companies including the Burlington Northern railroad, Geico car insurance,...

  • Police in Portland, Oregon, say an initially peaceful May Day demonstration turned violent Friday evening as a splinter group hurled chairs and other objects at officers. The Burnside Bridge over the Willamette River was closed for about a half-hour during the height of the evening commute when protesters tried to force their way across.

  • NEW YORK— A computer programmer accused of stealing confidential Goldman Sachs computer code was found guilty Friday for a second time, after being convicted, cleared and then charged anew by a different prosecutor. This time, a Manhattan jury convicted Sergey Aleynikov of one of three counts against him, following a bizarre trial in which a juror accused...

  • NEW YORK, May 1- U.S. authorities said on Friday that a unit of Express Scripts Holding Co will pay $60 million to resolve claims that it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements. Specialty pharmacy Accredo Health Group Inc has agreed to pay $45.1 million to the federal government...

  • NEW YORK, May 1- New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new regulations said on Friday. Walking a line between increasing safety and keeping oil shipments moving at a clip on North American rails, regulators...