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  • RIVERHEAD, N.Y.— A New York man has been sentenced to decades behind bars for a land investment fraud that cheated clients out of their retirement savings. Suffolk County District Attorney Thomas Spota says Paul White of Huntington, New York got a sentence of 21 to 63 years Thursday. White claimed to be a financial adviser operating under the name of Professional...

  • Moog posts 1Q profit Friday, 30 Jan 2015 | 8:30 AM ET

    EAST AURORA, N.Y. _ Moog Inc. on Friday reported fiscal first-quarter profit of $35.3 million. Moog expects full-year earnings to be $3.85 to $3.95 per share, with revenue expected to be $2.57 billion. Moog shares have increased 1 percent since the beginning of the year.

  • MasterCard tops Street 4Q forecasts Friday, 30 Jan 2015 | 8:15 AM ET

    PURCHASE, N.Y.— MasterCard Inc. on Friday reported fourth-quarter profit of $801 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. MasterCard shares have fallen 5.5 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased nearly 2 percent.

  • Jan 30- Eli Lilly and Co cut its 2015 revenue forecast, issued earlier this month, as the U.S. drugmaker expects a bigger hit from a stronger dollar. Large U.S. healthcare companies such as Johnson& Johnson, Pfizer Inc and Bristol-Myers Squibb Co have in the past weeks issued 2015 earnings forecasts below Wall Street expectations, citing the stronger dollar.

  • Graham posts 3Q profit Friday, 30 Jan 2015 | 7:21 AM ET

    BATAVIA, N.Y. _ Graham Corp. on Friday reported fiscal third-quarter profit of $4 million. On a per-share basis, the Batavia, New York- based company said it had profit of 39 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Charles Schumer is asking International Paper to separate two old landfills at a former upstate New York plant from the rest of the property in an effort to make the site more attractive to potential buyers. The Post-Star of Glens Falls reports that Schumer has written to IP's CEO, urging the company to agree to sell the property without the buyer having to take...

  • Jan 30- U.S. drugmaker Eli Lilly and Co reported a 41 percent fall in quarterly profit, hurt by a stronger dollar and a one-time charge related to a restructuring program. The U.S. drugmaker said it earned $428.5 million, or 40 cents per share, in the fourth quarter ended Dec. 31 from $727.5 million, or 67 cents per share, a year earlier. The company's earnings have been...

  • Markets brace for Big Oil profit plunge Friday, 30 Jan 2015 | 6:15 AM ET

    NEW YORK— It's just a forecast, and for only one of 10 industry groups in the stock market. BP told workers Monday that it would freeze pay for 2015. On Thursday, Royal Dutch Shell posted a 57 percent drop in fourth-quarter earnings. Chevron reports early Friday, followed by Exxon Mobil and BP next week.

  • Jan 30- Alibaba Group Holding Ltd's financial services affiliate is planning an initial public offering that could take place next year, Bloomberg reported. Zhejiang Ant Small& Micro Financial Services Group, which contains Alibaba's Alipay payment processing and financial services arm, has an estimated value of about $50 billion, Bloomberg reported,...

  • Bridge Bancorp posts 4Q profit Friday, 30 Jan 2015 | 5:10 AM ET

    BRIDGEHAMPTON, N.Y. _ Bridge Bancorp Inc. on Friday reported fourth-quarter net income of $4.2 million. The bank, based in Bridgehampton, New York, said it had earnings of 36 cents per share. Bridge Bancorp shares have fallen 2.5 percent since the beginning of the year.

  • PHILADELPHIA— President Barack Obama is trying to cheer up House Democrats, urging them to keep battling for middle-class families even as they trumpet brighter news about jobs, energy production and other economic milestones. They need better messaging, not changes in policy, to win elections again, the Democrats said Thursday as they huddled in...

  • NY wage board to discuss raising tipped wage to $7 Friday, 30 Jan 2015 | 3:01 AM ET

    ALBANY, N.Y.— A state board is poised to vote on whether to raise the hourly wage made by restaurant servers and other tipped workers. The state's wage board is scheduled to meet Friday in Albany. Currently, servers make about $5 per hour before tips.

  • NEW YORK— Amazon.com Inc.' s fourth-quarter earnings roundly beat analyst expectations, sending the Seattle e-commerce giant's stock soaring 11 percent in premarket trading Friday. Investors have long wanted Amazon to show some restraint as it invests in its business, and this metric seemed to be a sign that Amazon is willing to do that. Wedbush Securities...

  • TOKYO, Jan 30- Asian shares edged up on Friday, talking heart from a late earnings-led surge on Wall Street even as continuing concerns about global growth tempered gains. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1 percent on the day, but up more than 1 percent for the month. On Thursday, major U.S. indexes surged almost 1 percent or...

  • Minerals Technologies beats 4Q profit forecasts Thursday, 29 Jan 2015 | 7:46 PM ET

    NEW YORK _ Minerals Technologies Inc. on Thursday reported fourth-quarter net income of $21.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share. Minerals Technologies shares have decreased 15 percent since the beginning of the year.

  • MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat in early trade. On Thursday, major U.S. indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended their gains after strong earnings reports this week. Data released before the market open showed the availability of jobs in Japan rose to the highest level in more than two...

  • NEW YORK, Jan 29- With a scheduled trial just four weeks away, the former chairman of American International Group Inc said New York's attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow "trophy" victory. The non-jury trial, scheduled for Feb. 24 in Manhattan before State Supreme...

  • SEOUL, Jan 30- U.S. crude futures held above $44.50 a barrel on Friday as U.S. jobless data signaled further strength in the world's largest economy, while the market awaits more U.S. economic and Chinese PMI data for direction. *U.S. crude futures gained 10 cents to $44.63 a barrel as of 0005 GMT. Crude settled up 8 cents at $44.53 a barrel in the previous session,...

  • National Fuel Gas beats 1Q profit forecasts Thursday, 29 Jan 2015 | 7:10 PM ET

    WILLIAMSVILLE, N.Y. _ National Fuel Gas Co. on Thursday reported fiscal first-quarter profit of $84.7 million. National Fuel Gas expects full-year earnings in the range of $2.65 to $2.90 per share. National Fuel Gas shares have decreased roughly 7 percent since the beginning of the year.

  • NEW YORK, Jan 29- Alibaba Group's surprise revenue miss sent shares plunging on Thursday, but some investors say their enthusiasm for the Chinese e-commerce giant has not cooled given its long-term potential. Alibaba shares fell 8.8 percent on Thursday to close at $89.81, sending the stock below its Sept. 19 first-day opening price of $92.70, after reporting...