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  • 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...

  • Dorney Park owner challenging worker safety violations Wednesday, 28 Jan 2015 | 11:07 AM ET

    The Easton Express-Times reports Wednesday that Cedar Fair Entertainment wants an independent federal commission to review the citations issued last month on Dorney Park& Wildwater Kingdom. The Occupational Safety and Health Administration proposed a $7,000 fine for the Allentown park's alleged failure to protect outdoor and concession stand...

  • Treasure hunter who found a fortune in gold is captured Wednesday, 28 Jan 2015 | 9:47 AM ET

    Marshals Service tracked Tommy Thompson to a Hilton hotel in West Boca Raton and arrested him Tuesday, said Brian Babtist, a senior inspector in the agency's office in Columbus, Ohio, where a federal civil arrest warrant was issued for him in 2012 for failing to show up to a key court hearing. Central America, also known as the Ship of Gold. Two of them sued— a...

  • Progressive beats Street 4Q forecasts Wednesday, 28 Jan 2015 | 9:31 AM ET

    MAYFIELD VILLAGE, Ohio _ Progressive Corp. on Wednesday reported fourth-quarter earnings of $370.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $4.79 billion, according to Zacks.

  • AEP misses Street 4Q forecasts Wednesday, 28 Jan 2015 | 7:33 AM ET

    COLUMBUS, Ohio _ American Electric Power Co. on Wednesday reported fourth-quarter profit of $191 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Analysts expected $4.37 billion, according to Zacks.

  • Ohio company fined for illegal discharges into Lake Erie Wednesday, 28 Jan 2015 | 5:15 AM ET

    CLEVELAND— A Cleveland metal plating company has been fined $50,000 for making illegal discharges with high concentrations of metals into Lake Erie. Federal prosecutors say Kelly Plating Co. also agreed to make a $25,000 donation to the Cleveland Foundation that will be used to improve water quality in northeast Ohio. The discharges in 2012 contained high...

  • CINCINNATI— The owners of a $4 million suburban mansion that burned to the ground last year are suing their insurance company for almost $60 million, saying it didn't honor their claims. Court documents show homeowners Jeffrey and Maria Decker sued Chubb National Insurance Co. this month in Hamilton County Common Pleas Court. Chubb doesn't comment on claims...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • United Community Financial posts 4Q profit Tuesday, 27 Jan 2015 | 6:22 PM ET

    YOUNGSTOWN, Ohio _ United Community Financial Corp. on Tuesday reported fourth-quarter earnings of $2.8 million. The Youngstown, Ohio- based company said it had profit of 6 cents per share. Keywords: United Community Financial, Earnings Report.

  • PolyOne reports 4Q loss Tuesday, 27 Jan 2015 | 5:46 PM ET

    AVON LAKE, Ohio _ PolyOne Corp. on Tuesday reported a fourth-quarter loss of $14.6 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. PolyOne shares have dropped roughly 5 percent since the beginning of the year.

  • CHICAGO, Jan 27- U.S. Steel Corp on Tuesday warned that low oil prices and the strong U.S. dollar could negatively impact its business in 2015 but said the potential for U.S. higher consumer spending could help lift demand. Steel idled plants in Illinois, Indiana and Ohio, citing weak demand from the oil industry. Steel reported a fourth-quarter net profit of $275...

  • Mercedes selects AM General to make SUVs in the US Tuesday, 27 Jan 2015 | 12:51 PM ET

    The R-Class, which comes with six or seven seats, was briefly sold in the U.S. but has been sold exclusively in China since 2013.. Mercedes doesn't release sales numbers for individual models in China, but in a presentation last year the company said it sold 12,700 R-Class SUVs in 2013.. Sales of its M-Class SUV, which is also made in Alabama, rose 13 percent.

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • WASHINGTON— Colorado's unemployment rate fell by a third. Louisiana's jumped nearly a quarter. Even Louisiana's gain masked some good news: The state added a healthy number of jobs— just not enough to keep up with population growth.

  • Now it's heating up, as the administration tries to craft a new trade agreement with Japan and 10 other Pacific-rim countries. It lets Congress ratify or reject-- but not amend-- proposed trade pacts. Trade Representative Michael Froman-- got warmer receptions Tuesday from Republicans as he testified before key Senate and House committees.

  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • Jan 27- AK Steel Holding Corp, the fourth-largest U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit, helped by strong demand from automakers. AK Steel makes flat-rolled carbon, stainless and electrical steels, and tubular products for car makers, industrial and construction companies and utilities.

  • NEW YORK, Jan 27- U.S. single-family home price appreciation slowed to its weakest level more than two years in November as lean inventories and tight lending standards limited housing market activity, according to a closely watched survey released on Tuesday. "With the spring home buying season, and spring training, still a month or two away, the housing recovery...

  • US home price gains slow in November on weaker sales Tuesday, 27 Jan 2015 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. Lower mortgage rates, healthy hiring, and lower down payment requirements from mortgage giants...

  • AK Steel tops Street 4Q forecasts Tuesday, 27 Jan 2015 | 8:42 AM ET

    WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported fourth-quarter profit of $13.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Analysts expected $1.92 billion, according to Zacks.