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  • US STOCKS-U.S. stocks fall after Fed statement, oil drop Wednesday, 28 Jan 2015 | 3:26 PM ET

    NEW YORK, Jan 28- U.S. stocks fell on Wednesday, driven by extended losses in the S&P 500 energy sector, after the Federal Reserve said it will remain "patient" in deciding when to raise interest rates. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to boost their struggling...

  • *China's gold imports from Hong Kong fell in 2014. NEW YORK/ LONDON, Jan 28- Gold extended losses on Wednesday after the Federal Reserve said it will remain "patient" with regard to any interest rate increase decisions. "The removal of' considerable time' was balanced by the acknowledgement of the international situation and reiteration of patience," said Tai Wong,...

  • S&P close to $1.37B deal over risky mortgage bond ratings Wednesday, 28 Jan 2015 | 3:22 PM ET

    WASHINGTON— Standard& Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. A person familiar with the matter said Wednesday that the credit rating agency is expected to sign an agreement to settle...

  • District Judge James Mahan in Las Vegas granted an SEC request that MRI International Inc and its owner, Edwin Fujinaga, be ordered to give up $544.4 million of illegal profit and interest, and to each pay a $20 million civil fine. But the SEC said the defendants ran an "extensive and egregious Ponzi scheme" in which they used new money to repay older investors, and...

  • NEW YORK, Jan 28- Wall Street stocks edged lower on Wednesday while the dollar rose as the Federal Reserve said growth in the U.S. economy was on track despite turmoil in other markets around the world, keeping it on pace to raise interest rates later this year. Concluding their first policy-setting meeting of the year, Fed officials looked past moves made by other...

  • US STOCKS-U.S. stocks give up gains after Fed statement Wednesday, 28 Jan 2015 | 2:36 PM ET

    NEW YORK, Jan 28- U.S. stocks fell slightly in volatile trading on Wednesday after the Federal Reserve said the U.S. economy is on track and it will remain "patient" in deciding when to raise interest rates. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to boost their...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year. The U.S. central bank repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, where they have been...

  • Community National posts 4Q profit Wednesday, 28 Jan 2015 | 2:21 PM ET

    NEW YORK _ Community National Bank on Wednesday reported net income of $880,000, or 13 cents per share, in its fourth quarter. The bank, based in New York, said it had earnings of 13 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Jan 28- Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, adding to anxieties about the global glut that has pressured the market since last summer. Benchmark Brent crude oil was down 84 cents at $48.76 a barrel by 1:07 p.m. ET, after making a session low at $48.65. U.S. crude dropped $1.39 to $44.84, after...

  • NYSE stocks posting largest percentage increases Wednesday, 28 Jan 2015 | 1:21 PM ET

    NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Freescale Semiconductor Ltd. rose 19.7 percent to $31.55. United States Steel Corp. rose 14.0 percent to $24.24.

  • Midday Glance: Machinery companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Caterpillar rose $1.05 or 1.3 percent, to $80.91. Deere& Co. fell$. 05 or. 1 percent, to $85.99. Terex rose$. 19 or. 8 percent, to $22.65.

  • Midday Glance: Media companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Comcast Corp. fell$. 83 or 1.5 percent, to $55.53. Walt Disney Co. rose$. 13 or. 1 percent, to $94.10. Gannett fell$. 11 or. 3 percent, to $32.19.

  • Midday Glance: Department Store Retail companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Kohl's Corp. rose$. 34 or. 6 percent, to $61.42. Macy's Inc. rose$. 22 or. 3 percent, to $65.73. Nordstrom rose$. 17 or. 2 percent, to $78.89.

  • Midday Glance: Railroad companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Canadian National Railway Co. rose$. 08 or. 1 percent, to $68.58. Canadian Pacific Railway Ltd. fell$. 27 or. 2 percent, to $179.13. Kansas City Southern rose$. 59 or. 5 percent, to $109.87.

  • Midday Glance: Beverages companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Coca-Cola Co. rose$. 21 or. 5 percent, to $42.60. Dr Pepper Snapple rose$. 48 or. 6 percent, to $79.68. Molson Coors Brewing Co. rose $1.21 or 1.6 percent, to $78.76.

  • Midday Glance: Medical Devices companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Allergan fell$. 92 or. 4 percent, to $224.83. Baxter International Inc. rose$. 17 or. 2 percent, to $70.83. Boston Scientific Corp. rose$. 01 or percent, to $14.75.

  • Midday Glance: Drugstore companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    NEW YORK— Shares of some top drugstore companies are down at 1 p.m.:. CVSCaremark fell$. 13 or. 1 percent, to $100.69. Rite Aid fell$. 08 or 1.0 percent, to $7.51.

  • Midday Glance: Aerospace companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Boeing rose $8.20 or 6.2 percent, to $140.68. Lockheed Martin Corp. rose $2.37 or 1.2 percent, to $192.92. Northrop Grumman Corp. rose $1.62 or 1.1 percent, to $154.56.

  • Midday Glance: Supermarkets companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    Kroger rose$. 21 or. 3 percent, to $69.55. Safeway rose$. 04 or. 1 percent, to $35.19. Supervalu fell$. 13 or 1.3 percent, to $10.18.