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  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • Dec 21- On December 13, as thousands of protesters mobbed the New York streets, Yuseff Hamm, an NYPD police officer, was monitoring the demonstrations from a mobile command unit near the Brooklyn Bridge. Nor had he ever seen anything like what happened one week later, on Saturday: a lone gunman, hours after warning on Instagram that he planned an attack in retribution...

  • NEW YORK— Dish Network subscribers were unable to watch Fox News Channel and the Fox Business Network on Sunday when the channels were taken down as part of contract negotiations. Dish Network just settled disputes that led to the temporary blackout of some local CBS stations and a separate blackout related to Turner Broadcasting channels— including Cartoon...

  • Survey: US gas prices fall 25 cents per gallon Sunday, 21 Dec 2014 | 1:11 PM ET

    CAMARILLO, Calif.— The average price of regular gasoline nationwide has dropped another 25 cents a gallon in the past two weeks, to $2.47. The highest-priced gas in the Lower 48 states was found in Long Island, New York, at $2.82 a gallon. California's lowest average was in Sacramento, at $2.58 a gallon.

  • NEW YORK— While Hollywood continued to wrestle with the fallout of the Sony hacking scandal, the weekend box office offered the solace of a moviegoing truism: Hobbits sell. In its second week of release overseas, Warner Bros.' "Five Armies" added $105.5 million to bring its two-week global total past $350 million. Jeff Goldstein, head of domestic distribution for...

  • NY farmers lament lost opportunity for gas riches Sunday, 21 Dec 2014 | 11:41 AM ET

    ALBANY, N.Y.— While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams. That's what they've done since the Marcellus Shale gas drilling boom began in 2008 and New York launched an environmental review that effectively put a moratorium in...

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • SAN FRANCISCO, Dec 21- Popular photo-sharing service Instagram on Saturday took down the account of the man said to be behind the "assassination" of two New York City police officers, after the 28- year-old gunman's veiled threats and provocative messages went viral in the wake of the execution-style shootings. Posted just hours before Ismaaiyl Brinsley...

  • Dec 20- More than 1,500 protesters against police violence shut down part of the Mall of America in Minnesota on Saturday, resulting in about 25 arrests during the final weekend before Christmas as shoppers scrambled to buy gifts at one of the nation's largest shopping centers, officials said. The protest and a smaller action at the King of Prussia Mall in...

  • The protest was the latest in a series of demonstrations across the United States in recent weeks over grand jury decisions not to charge white police officers in the killings of unarmed black men in Ferguson, Missouri, and New York City. Police made some arrests in the demonstration on private property at the Mall of America in the Minneapolis suburb of...

  • Last U.S. holiday shopping weekend off to solid start Saturday, 20 Dec 2014 | 3:57 PM ET

    CHICAGO/ NEW YORK, Dec 20- Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results. Crowds were building at stores in and around New York, Philadelphia, Chicago and Los Angeles by midday on Saturday.

  • Prosecutors: Fraudster used funds to freeze wife Saturday, 20 Dec 2014 | 12:34 PM ET

    While telling investors he was putting their money in commodities, foreign exchange trading pools and precious metals, Whileon Chay instead used over $150,000 of it on cryogenics after his wife's death about five years ago, Manhattan federal prosecutors said in a fraud indictment unveiled Friday. Chay's account of his dealings isn't yet known: Prosecutors...

  • Hopes, fears, doubts surround Cuba's oil future Saturday, 20 Dec 2014 | 8:53 AM ET

    MIAMI— One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action. As a result, Cuba produces just 55,000 barrels of oil per day. Cuba needs 155,000 barrels per day, and it fills the gap with oil from Venezuela, part of a trade...

  • Sony saga blends foreign intrigue, star wattage Saturday, 20 Dec 2014 | 12:43 AM ET

    WASHINGTON— President Barack Obama declared that Sony "made a mistake" in shelving a satirical film about a plot to assassinate North Korea's leader, and he pledged the U.S. would respond "in a place and manner and time that we choose" to the hacking attack on Sony that led to the withdrawal. Sony said it had had no choice but to cancel distribution of the movie since...

  • But while Obama got laughs in Washington, Oscar winners George Clooney and Sean Penn launched broadsides against Sony and Hollywood studios' response to the hack. Sony has said it could not release the film on its set date of Dec. 25 after cinemas said they would not show it because of fears of unspecified threats from hackers. Clooney, whose past two films for which...

  • Dec 19- U.S. health regulators on Friday approved AbbVie's all-oral treatment for hepatitis C, and the company said the drug would cost $83,319 for a typical 12- week plan, a bit below its huge selling competitor Solvadi from Gilead Sciences. AbbVie's newly approved regimen is also less costly than Gilead's newest one-pill regimen that combines Sovaldi with...

  • Final Glance: Biotechnology companies Friday, 19 Dec 2014 | 6:41 PM ET

    Amgen Inc. rose $1.69 or 1.0 percent, to $170.17. Biogen Idec rose $6.97 or 2.0 percent, to $360.67. Celgene Corp. rose$. 70 or. 6 percent, to $117.18.

  • Final Glance: Banks companies Friday, 19 Dec 2014 | 6:41 PM ET

    Bank of America Corp. rose$. 09 or. 5 percent, to $17.62. Citigroup Inc. fell$. 09 or. 2 percent, to $54.01. Goldman Sachs rose $1.67 or. 9 percent, to $193.28.

  • Final Glance: Supermarkets companies Friday, 19 Dec 2014 | 6:41 PM ET

    Kroger fell$. 09 or. 1 percent, to $63.55. Safeway fell$. 18 or. 5 percent, to $34.77. Supervalu fell$. 06 or. 6 percent, to $9.43.

  • Final Glance: Computer companies Friday, 19 Dec 2014 | 6:41 PM ET

    Apple Inc s fell$. 87 or. 8 percent, to $111.78. Hewlett Packard Co. rose$. 08 or. 2 percent, to $39.90. International Business Machines Corp. rose$. 83 or. 5 percent, to $158.51.