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  • *Euro hits 11- year low in knee-jerk reaction to Greece vote. *Investors see limited fallout from Greece in longer term. TOKYO, Jan 26- The euro skidded to an 11- year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • The "Freewheel" phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially add subscribers at a time when cable companies are losing out to lower-priced, bundled TV and Internet services from telecom firms. Cablevision said the phone service was the first of its kind to be launched by a cable company and aims to tap...

  • SINGAPORE, Jan 26- Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. March Brent crude fell 44 cents to $48.35 a barrel by 0442 GMT, wiping out light gains made on Friday after the death of the Saudi King...

  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • Oil falls after Greek election sends euro tumbling Sunday, 25 Jan 2015 | 9:53 PM ET

    SINGAPORE, Jan 26- Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. March Brent crude fell 37 cents to $48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the death of the Saudi King...

  • TOKYO/ WELLINGTON, Jan 26- The euro hit an 11- year low versus the U.S. dollar on Monday as Greece's anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders. In the near term, traders are looking to whether Syriza will secure an outright majority, which would raise the risk of a standoff with...

  • Airlines are preparing to shut down operations along the East Coast as a major snowstorm packing up to three feet of snow barrels down on the region. The National Weather Service predicts 2 to 3 feet of snow for a 250- mile stretch of the Northeast, including the New York and Boston areas. Philadelphia should get 14 to 18 inches.

  • Jan 25- Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday. The combined company will have gross premiums topping $10 billion, total capitalization of more than $14 billion, and total cash and invested assets of more than $33 billion, according to the PartnerRe...

  • NYMEX-US crude falls to near 6-year low as euro sags Sunday, 25 Jan 2015 | 7:31 PM ET

    SINGAPORE, Jan 26- U.S. crude futures dropped more than $1 on Monday to near the weakest in almost six years as the dollar strengthened after Greece's Syriza party pledged to roll back austerity measures on winning a snap election. *While a final result may not come for hours, Syriza's Alexis Tsipras is on course to become prime minister of the first euro zone...

  • *Greece vote results stokes fresh concerns of instability in Europe. TOKYO, Jan 26- The euro skidded to near an 11- year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders. Syriza leader Alexis...

  • WELLINGTON, Jan 26- The euro weakened on Monday, approaching an 11- year low versus the U.S. dollar after projections showed Greece's Syriza party had won a snap election, raising the risk that the country may demand a debt write-off and end austerity measures. By 2055 GMT, the euro traded around $1.1160 after its sell-off fizzed out ahead of $1.1115 plumbed on...

  • BUFFALO, N.Y.— Fisher-Price has long eschewed "professional" models for its packaging, instead using the babies and toddlers parents trundle in to the toy maker's headquarters in the quaint western New York village of East Aurora. And while there is no shortage of cute in the hamlet 20 miles southeast of Buffalo, with its old-school five-and-dime and vintage...

  • NEW YORK— Tom Fiore knows what it's like to sit in a taxi for as long as two agonizing hours, over bridges or through a tunnel, to travel a mere eight miles from midtown Manhattan to LaGuardia Airport in Queens. Neighboring John F. Kennedy and Newark have it, and projects are currently underway at Washington Dulles, Los Angeles and Denver. Cuomo's $450 million proposal,...

  • NYC mayor: Storm could be biggest ever to hit city Sunday, 25 Jan 2015 | 1:19 AM ET

    NEW YORK— A winter that has largely spared the Northeast thus far is about to arrive with gusto: a storm the National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and Boston. New York City, Boston and Connecticut should expect whopping snow totals of up to 2 feet, he said. "Looks like our luck is about to run out," said John...

  • ISIS claims beheading of Japanese hostage Saturday, 24 Jan 2015 | 3:32 PM ET
    An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya October 3, 2014.

    Japan expressed outrage at an image that purported to show the decapitated body of one of two Japanese hostages captured by ISIS.

  • Ocwen to pay $2.5 million to settle California dispute Saturday, 24 Jan 2015 | 12:11 PM ET

    SACRAMENTO, Calif.— Ocwen Financial Corp. is paying a $2.5 million penalty and submitting to a review by an independent auditor to avoid losing its license to make and service mortgages in California. The settlement announced late Friday by California's Department of Business Oversight stems from Ocwen's refusal to turn over records sought by state...

  • Fake schools draw scrutiny of federal investigators Saturday, 24 Jan 2015 | 10:50 AM ET

    SAN FRANCISCO— From her hometown in India in 2010, Bhanu Challa said she had no reason to doubt that Tri-Valley University was a legitimate American school where she could pursue a master's degree. Authorities told her that Tri-Valley was a sham school. Tri-Valley is among at least half a dozen schools shut down or raided by federal authorities in recent years...

  • GRANTS PASS, Ore.— Fresh off a victory in Washington state, a leading gun control group backed by billionaire Michael Bloomberg is hoping to make Oregon its next prize in a campaign to require gun sales to go through universal background checks. Part of that was devoted to strengthening the Democratic majority in the state Senate, the key battleground.

  • Proposed Illinois legislation would ban powdered alcohol Saturday, 24 Jan 2015 | 10:30 AM ET

    SPRINGFIELD, Ill.— A proposed Illinois law would ban the sale of powdered alcohol before it hits store shelves. Ira Silverstein, a Chicago Democrat sponsoring the measure, said he doesn't want the product to reach stores. His plan amends the state's Liquor Control Act of 1934, according to the Springfield bureau of Lee Enterprises Newspapers.