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  • *Buffett to return $4.7 billion worth of shares to P&G. Nov 13- Berkshire Hathaway Inc has agreed to acquire Procter& Gamble Co's Duracell battery unit in a complex transaction that lets Berkshire Chairman Warren Buffett buy a business he has supported for two decades and shave his company's tax bill. The transaction announced on Thursday helps P&G Chief...

  • UPDATE 3-Buffett's Berkshire buys P&G's Duracell Thursday, 13 Nov 2014 | 12:09 PM ET

    *Buffett to return $4.7 billion worth of shares to P&G. Nov 13- Warren Buffett's Berkshire Hathaway Inc said on Thursday it would buy Procter& Gamble Co's Duracell battery unit in a stock swap, taking over a business the billionaire has supported for nearly two decades. The addition of Duracell, whose batteries are known for their copper-colored tops, gives...

  • Will Cleveland housing get an assist from LeBron? Thursday, 13 Nov 2014 | 11:53 AM ET

    It has LeBron back and will get the GOP convention in 2016. Here's how Cleveland's housing will fare with a rising economy.

  • Small business insurance exchanges seek rebound Thursday, 13 Nov 2014 | 10:45 AM ET

    Early enrollment for the health overhaul's small business insurance exchanges fell far short of the 2 million workers who were expected to sign up this year. About 76,000 people had purchased coverage on 18 exchanges through June 1, according to a report released Thursday by the U.S. "It's still unclear whether or not these are going to take off in a substantial...

  • VA fires Pittsburgh hospital network's director Thursday, 13 Nov 2014 | 9:50 AM ET

    PITTSBURGH— The Department of Veterans Affairs has fired the director of the Pittsburgh VA Healthcare System a month after officials determined she committed unspecified "conduct unbecoming a senior executive" and wasteful spending. Jeff Miller, R- Fla., chairman of the House Veterans Affairs Committee, accused the VA of dragging its feet, noting that Wolf was...

  • Veritiv posts 3Q loss Thursday, 13 Nov 2014 | 8:15 AM ET

    ATLANTA— Veritiv Corp. on Thursday reported a loss of $14 million in its third quarter. The distributor of packaging and printing supplies, which has corporate offices in Atlanta and Loveland, Ohio, posted revenue of $2.39 billion in the period. Elements of this story were generated by Automated Insights using data from Zacks Investment Research.

  • Berkshire buying Duracell from P&G in $3B deal Thursday, 13 Nov 2014 | 7:53 AM ET

    OMAHA, Neb.— Buying Duracell will provide a short-term charge for Warren Buffett's company, but the battery maker could eventually wind up being a drain on Berkshire Hathaway Inc. as consumers increasingly rely on rechargeable batteries. Duracell is being sold for roughly $3 billion because Procter& Gamble Co. doesn't consider it one of its top-performing...

  • TransDigm tops 4Q revenue forecasts Thursday, 13 Nov 2014 | 7:36 AM ET

    CLEVELAND _ TransDigm Group Inc. on Thursday reported profit of $114.3 million in its fiscal fourth quarter. TransDigm expects full-year earnings in the range of $8.03 to $8.29 per share, with revenue in the range of $2.51 billion to $2.55 billion. TransDigm shares have risen 16 percent since the beginning of the year.

  • Immigration, Keystone top first day of lame duck Thursday, 13 Nov 2014 | 3:18 AM ET

    WASHINGTON— Republicans controlling the House are divided over whether to fund the government for a couple of months past a December deadline to maintain leverage over President Barack Obama on immigration or to pass a full-year spending bill to clear the decks for a fresh start when the GOP gets full control of Congress in January. But many conservatives do...

  • Federal health chief touts enrollment ease in Ohio Thursday, 13 Nov 2014 | 3:02 AM ET

    COLUMBUS, Ohio— President Barack Obama's health chief emphasized the ease of signing up for health coverage under the federal overhaul, while acknowledging Thursday that no website is perfect. Health and Human Services Secretary Sylvia M. Burwell stopped in Ohio to spread the word about subsidized private coverage through HealthCare.gov and state...

  • WASHINGTON, Nov 13- A spike in home auctions last month helped drive the biggest gain in U.S. foreclosure activity in more than four years, according to a report from RealtyTrac on Thursday. "The October foreclosure numbers are not a complete surprise given that over the past three years there has been an average 8 percent monthly uptick in scheduled foreclosure...

  • LAS VEGAS, Nov 12- Amazon.com Inc plans to build data centers in every large country over time as part of a broader investment push that will eventually make the Internet retailer's cloud computing arm the largest part of its business. He added that Amazon plans to build data centers in "virtually every large country" over time. Amazon stunned investors after...

  • Conservatives threaten immigration showdown Wednesday, 12 Nov 2014 | 3:04 PM ET

    In the Senate, Jeff Sessions of Alabama and Mike Lee of Utah are among those arguing to use an upcoming must-pass spending bill— either in December or next year— to try to block Obama from taking unilateral action to protect millions of immigrants here illegally from deportation. "Congress appropriates the money," Sessions told reporters Wednesday.

  • Smucker cuts 2015 outlook as Folgers prices rise Wednesday, 12 Nov 2014 | 1:32 PM ET

    ORRVILLE, Ohio— J.M. Smucker lowered its guidance for fiscal 2015 as customers recoiled from rising prices for its coffee brand, Folgers. Its preliminary second-quarter forecast also disappointed Wall Street and shares slid more than 3 percent Wednesday. Prices for coffee beans have surged this year partially due to a fungus that damaged crops in Guatemala, El...

  • Macy's cuts outlook in sign of discounts to come Wednesday, 12 Nov 2014 | 9:17 AM ET

    NEW YORK— Macy's cut its profit outlook after a sales shortfall in its latest quarter, suggesting that shoppers can expect another discount-laden holiday shopping season. Several chains, including J.C. Penney and Kohl's, have cautioned that fall sales were weaker than they expected. Those companies plus Wal-Mart and Target are reporting results this week and...

  • Macy's 3Q profit tops Street, cuts 2014 outlook Wednesday, 12 Nov 2014 | 8:12 AM ET

    The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Analysts expected higher revenue of $6.35 billion, according to Zacks. Macy's Inc., which has corporate offices in New York and Cincinnati, said that it now foresees 2014 earnings between $4.25 and $4.35 per share.

  • BB&T pushes into Mid-Atlantic with Susquehanna buy Wednesday, 12 Nov 2014 | 7:45 AM ET

    NEW YORK— The commercial bank BB&T is buying Susquehanna Bancshares in a cash-and-stock deal worth about $2.5 billion. That will give the Winston-Salem, North Carolina, bank a broader reach into the Mid-Atlantic region through Susquehanna's 245 locations in Pennsylvania, Maryland, New Jersey, and West Virginia. Shares of Susquehanna Bancshares Inc., based in...

  • Republican wins Senate race in Alaska Wednesday, 12 Nov 2014 | 1:01 AM ET

    JUNEAU, Alaska— Republican Dan Sullivan won Alaska's U.S. Senate race, defeating first-term incumbent Democrat Mark Begich. The Alaska seat was initially considered key to the Republicans' hopes of taking control of the U.S. Senate, but that goal was accomplished before the Alaska race was decided. Begich was in Washington, D.C., as Congress geared up to finish out...

  • NH heating oil biz files for bankruptcy protection Tuesday, 11 Nov 2014 | 7:07 AM ET

    CONCORD, N.H.— A New Hampshire home heating oil company that faced customer delivery delays and a lawsuit earlier this year has filed for bankruptcy protection. Hudson- based Fred Fuller Oil& Propane Co., Inc., filed the paperwork in federal bankruptcy court on Monday, with the hope of achieving a quick sale, Attorney General Joseph Foster said.

  • Athersys posts 3Q loss Tuesday, 11 Nov 2014 | 5:05 AM ET

    CLEVELAND _ Athersys Inc. on Tuesday reported a loss of $4.7 million in its third quarter. On a per-share basis, the Cleveland- based company said it had a loss of 8 cents. This story was generated by Automated Insights using data from Zacks Investment Research.