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  • 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.

  • HAVANA— Everyone warns you Old Havana is a facade, but it's impossible not to be taken by its charms. For a foreigner who isn't coming with predetermined notions of Cuba as global boogeyman or socialist paradise, each alley and avenue, each conversation with a Cuban, complicates the picture. I'm nowhere near the first Westerner, American or journalist to visit...

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Attorney Preet Bharara filed the petition late Friday asking the 2nd U.S. Circuit Court of Appeals to reconsider its Dec. 10 decision to overturn the convictions of Anthony Chiasson and Todd Newman, saying that the ruling "threatens the effective enforcement of the securities laws." Chiasson co-founded Greenwich, Connecticut- based Level Global Investors.

  • NEW YORK, Jan 23- Federal prosecutors in New York on Friday asked a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Attorney Preet Bharara asked the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...

  • American Airlines sued by mechanics union organizers Friday, 23 Jan 2015 | 7:53 PM ET

    Jan 23- Union organizers sued American Airlines on Thursday, alleging that maintenance directors pressured workers to skimp on federal safety procedures and threatened discipline if they reported too many maintenance flaws. They demanded punitive damages, an injunction to restrain airline managers from making further threats, as well as a trial by jury,...

  • NEW YORK— Viacom CEO Philippe Dauman's pay climbed 19 percent to $44.3 million last year while the TV-and-film company's stock slumped and its earnings remained flat. Those stock incentives ultimately could be worth more or less, depending on how Viacom Inc.' s stock fares in the next few years. Viacom owns MTV, Nickelodean and several other cable-TV channels, in...

  • NEW YORK, Jan 23- Federal prosecutors in New York plan on Friday to ask a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions. Prosecutors will ask the 2nd U.S. Circuit Court of Appeals to grant a rehearing in the case of hedge fund managers Todd Newman and Anthony...

  • Final Glance: Construction companies Friday, 23 Jan 2015 | 6:04 PM ET

    NEW YORK— Shares of some top construction companies were mixed at the close of trading:. Fluor fell$. 65 or 1.2 percent, to $54.31. Quanta Services Inc. rose$. 11 or. 4 percent, to $27.35.

  • Final Glance: Restaurant companies Friday, 23 Jan 2015 | 6:04 PM ET

    Brinker International Inc. rose$. 22 or. 4 percent, to $62.04. Chipotle Mexican Grill Inc. rose$. 25 or percent, to $713.69. Darden Restaurants Inc. rose$. 28 or. 5 percent, to $61.22.

  • Final Glance: Coal companies Friday, 23 Jan 2015 | 6:04 PM ET

    Arch Coal fell$. 10 or 8.5 percent, to $1.07. Consol Energy Inc. fell$. 78 or 2.5 percent, to $30.33. Peabody Energy fell$. 43 or 6.4 percent, to $6.30.

  • Final Glance: Homebuilders companies Friday, 23 Jan 2015 | 6:04 PM ET

    DR Horton fell$. 59 or 2.5 percent, to $23.10. Hovnanian Enterprises Inc. fell$. 05 or 1.5 percent, to $3.36. Lennar Corp. fell$. 10 or. 2 percent, to $43.73.

  • Final Glance: Beverages companies Friday, 23 Jan 2015 | 6:04 PM ET

    Coca-Cola Co. fell$. 47 or 1.1 percent, to $43.31. Dr Pepper Snapple fell$. 83 or 1.0 percent, to $78.51. PepsiCo Inc. fell$. 37 or. 4 percent, to $98.53.

  • Final Glance: Machinery companies Friday, 23 Jan 2015 | 6:04 PM ET

    Caterpillar fell $1.21 or 1.4 percent, to $85.61. Deere& Co. fell $1.16 or 1.3 percent, to $88.35. Terex fell$. 61 or 2.6 percent, to $22.83.

  • Final Glance: Department Store Retail companies Friday, 23 Jan 2015 | 6:04 PM ET

    Kohl's Corp. fell$. 01 or percent, to $60.18. Macy's Inc. rose$. 33 or. 5 percent, to $65.83. Nordstrom fell$. 32 or. 4 percent, to $77.08.

  • Final Glance: Media companies Friday, 23 Jan 2015 | 6:04 PM ET

    Comcast Corp. fell$. 26 or. 5 percent, to $56.31. Walt Disney Co. fell$. 43 or. 5 percent, to $94.72. Gannett fell$. 29 or. 9 percent, to $31.77.