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  • It was a year when Cynk Technology, a development-stage company with no revenue, was briefly worth $6 billion, and when a long-forgotten closed-end fund focused on Cuba- the Herzfeld Caribbean Basin Fund- saw more trading in one day in December than it had in six years. With a current market value of about $663 billion, if one were to pick a company that would be the...

  • Firm recalls caramel apples amid listeria fears Wednesday, 24 Dec 2014 | 10:51 PM ET

    WASHINGTON— A Missouri firm is recalling its Happy Apple brand caramel apples because of the potential that they could be contaminated with listeria. Happy Apple Co. of Washington, Missouri, said in a statement Wednesday that one of the apple suppliers to its California facility reported that there may be a connection between the listeria outbreak and the...

  • Appeals court: Staten Island toll discount allowed Wednesday, 24 Dec 2014 | 11:43 AM ET

    NEW YORK— Fare discounts offered to Staten Island residents and others for some New York City bridge crossings are constitutional, a federal appeals court said Wednesday, rejecting challenges from residents in four states who complained the practice was discriminatory. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected claims by motorists in New...

  • Travel headaches for some into Christmas Day Wednesday, 24 Dec 2014 | 12:36 AM ET

    CHICAGO— A mix of Gulf Coast thunderstorms expected to travel north, predicted snowfall in the Great Lakes and blustery conditions in the nation's midsection threatened Tuesday to tangle holiday travel plans nationwide. While snow fell in some Midwestern states— nearly 2 feet in South Dakota's Black Hills— a strong storm system expected to drop rain along the...

  • WASHINGTON, Dec 23- BAE Systems has won a contract worth up to $1.2 billion to build a new type of armored vehicle for the U.S. Army, the company and Army officials said on Tuesday. "The AMPV capitalizes on proven Bradley and M109A7 designs, meeting the Army's force protection and all-terrain mobility requirements while enabling the AMPV to maneuver with the rest of...

  • Hertz and Green Mountain are big market movers Tuesday, 23 Dec 2014 | 4:52 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chesapeake Energy Corp., up $1.87 to $20.29. The energy company completed a $5 billion asset sale around Pennsylvania and West Virginia and announced a $1 billion share buyback.

  • FRANKFORT, Ky.— An Australian-based investment firm will build and manage a 3,000- mile network of fiber optic cables across Kentucky that state officials say will improve broadband access and cellphone service in some of the country's most impoverished areas. Kentucky will own the network, but the Macquarie Group and its partners have a contract to build it...

  • WASHINGTON, Dec 23- The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear. "After four years of rocky recovery the U.S. economy is now hitting its stride... and growth should remain good next year, with lower gasoline prices a big plus for consumers," said Gus Faucher, a senior...

  • Energy firm to pay $1M over issues at Pa. gas well Monday, 22 Dec 2014 | 3:27 PM ET

    PITTSBURGH— A landslide, wastewater spill and other issues at a southwestern Pennsylvania natural gas drilling site are resulting in a $1 million fine. The Pittsburgh Tribune-Review reported Monday that Vantage Energy of Englewood, Colorado, has to pay the money immediately and clean up the site by the end of 2015.. The DEP tells the Tribune-Review that a...

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • US, industry launch drone safety campaign Monday, 22 Dec 2014 | 11:20 AM ET

    The campaign includes a website— www.knowbeforeyoufly.com— which advises both recreational and commercial drone operators of FAA regulations and how to fly their unmanned aircraft safely. The campaign was announced by the Association for Unmanned Vehicle Systems International and the Small UAV Coalition, both industry trade groups, and the Academy of...

  • 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...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...

  • 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...

  • 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.

  • Recalls this week: Bean bag chairs, toy monkeys Friday, 19 Dec 2014 | 5:38 PM ET

    DETAILS: Bean bag chairs sold at Burlington Coat Factory, Kroger, Meijer and other retail stores nationwide and online at Amazon, Bean Bag Company, Groupon, Kohls, Target, Toys R Us, Walmart, Wayfair and other online retailers. They were sold between January 2010 and October 2013 for up to $40. FOR MORE: Contact Comfort Research at 844-578-8933 from 9 a.m. to 5 p.m. ET...

  • $500K from grant to fund 500 bikes for Pittsburgh Friday, 19 Dec 2014 | 10:40 AM ET

    Bike Share officials hope to fund the program, set to begin next spring, through charitable foundations, the Pittsburgh Tribune-Review reported Friday. That would make Pittsburgh's program a public service, rather than a money-making venture, which is how similar programs are run in other U.S. cities. We didn't want that, "said Bart Yavorosky, the executive...

  • Pennsylvania jobless rate falls, hiring flattens Friday, 19 Dec 2014 | 10:08 AM ET

    HARRISBURG, Pa.— Pennsylvania's jobless rate has fallen to another post-recession low even as payrolls remain static and below pre-recession levels, according to employment figures released Friday. November's seasonally adjusted unemployment rate in Pennsylvania was 5.1 percent, which is three-tenths of a percentage point lower than the month before,...

  • First Niagara to lay off up to 200 in 4 states Friday, 19 Dec 2014 | 9:36 AM ET

    BUFFALO, N.Y.— First Niagara Financial Group Inc. says it will eliminate up to 200 jobs companywide in a move aimed at better serving customers and boosting competitiveness. The Buffalo- based bank announced Thursday that it will cut 150 to 200 management positions at its operations in New York, Pennsylvania, Massachusetts, and Connecticut.

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...