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  • Scaife children to file next month in trust beef Wednesday, 17 Dec 2014 | 12:39 PM ET

    PITTSBURGH— A judge has given the children of late billionaire newspaper publisher Richard Mellon Scaife until Jan. 16 to file documents in their quest to have trustees detail how money was spent from a $210 million trust their father controlled. Scaife's children, Jennie Scaife, of Palm Beach, Florida, and David Scaife, of Pittsburgh, believe they were entitled...

  • IPOs deliver mixed results in trading Wednesday, 17 Dec 2014 | 12:25 PM ET

    The stock was the biggest gainer on the New York Stock Exchange. The stock is trading under the ticker symbol "ONDK" on the New York Stock Exchange. Meanwhile, shares of Rice Midstream Partners LP, a natural gas gathering spinoff of Rice Energy Inc., fell below their IPO price.

  • Indictments in West Virginia chemical spill case Wednesday, 17 Dec 2014 | 12:07 PM ET

    A federal indictment unsealed Wednesday charged ex- Freedom Industries presidents Gary Southern and Dennis P. Farrell and two others with failing to ensure that the company operated in a reasonable and environmentally sound manner the steel tank that leaked the coal-cleaning chemical. Attorney General Eric Holder said in a statement that the tank...

  • Pampered pets that don duds move to the mainstream Wednesday, 17 Dec 2014 | 8:21 AM ET

    LOS ANGELES— These clothing designers have to think about pattern, fabric and fit— as well as where to put the poo bags. "We have gone from the kind of cute reindeer gear or ugly sweater to more functional clothing," said Lauren Darr, founder of the International Association of Pet Fashion Professionals in New York City. Pet fashion got a leg up after American Eagle...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • Nielsen's top programs for Dec. 8-14 Tuesday, 16 Dec 2014 | 5:12 PM ET

    3. "The Big Bang Theory," CBS, 15.49 million. 6. "60 Minutes," CBS, 11.38 million. 8. "Blue Bloods," CBS, 11.09 million.

  • $151M verdict over Wal-Mart workers' breaks upheld Tuesday, 16 Dec 2014 | 5:10 PM ET

    PHILADELPHIA— Pennsylvania's highest court is upholding a $151 million verdict in favor of employees at Wal-Mart and Sam's Club who say they were forced to work through their breaks. The Philadelphia Inquirer says Monday's decision affects 187,000 people who worked for Bentonville, Arkansas- based Wal-Mart Stores Inc. between 1998 and 2006..

  • Dec 16- The Pennsylvania Supreme Court ordered Wal-Mart Stores Inc to pay $188 million to employees who had sued the retailer for failing to compensate them for rest breaks and all hours worked. Wal-Mart said on Tuesday that it might appeal the decision, which upheld lower court rulings, to the U.S. Supreme Court. Monday's ruling on the class-action lawsuit will...

  • Dec 16- Wal-Mart Stores Inc said the Pennsylvania Supreme Court had ordered it to pay about $188 million to settle a class-action lawsuit filed by employees who claimed their meal and rest breaks were regularly cut. Wal-Mart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

  • FACTBOX-ADM's and Olam's cocoa businesses Tuesday, 16 Dec 2014 | 4:49 AM ET

    Dec 16- Olam International Ltd's $1.3 billion deal to buy Archer Daniels Midland Co's cocoa business will create one of the world's top cocoa bean processors and traders, rivalling Barry Callebaut AG and Cargill Inc.. The Chicago- based firm has eight cocoa bean processing facilities: Ontario, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany;...

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • Ex-officials accused of theft from school district Monday, 15 Dec 2014 | 2:02 PM ET

    COATESVILLE, Pa.— Two former officials at a suburban Philadelphia school district who resigned after a text message scandal are now charged with stealing money from the district, prosecutors announced Monday. Former Coatesville Area School District superintendent Richard Como and athletic director James Donato are charged with theft of school district...

  • Range Resources latest to cut back on spending Monday, 15 Dec 2014 | 12:47 PM ET

    FORT WORTH, Texas— Range Resources is trimming its capital spending plans, just the latest energy producer to do as crude prices plunge to levels not seen since the recession. Natural gas prices have slid as well, but partly because of the success of companies like Range Resources in places like the Marcellus Shale in Pennsylvania, where production has...

  • Alcoa buying Tital to help expand aerospace unit Monday, 15 Dec 2014 | 10:17 AM ET

    NEW YORK— Alcoa is buying a Germany titanium and aluminum structural castings company, Tital, to help expand its global aerospace business. Alcoa, which is based in New York with key operations in Pittsburgh, has been shifting from mining and smelting aluminum to making products that can be shaped into parts for autos and airplanes. Alcoa Inc. also said that...

  • PENNSBURG, Pennsylvania— Prosecutor: Man suspected of killing 6, wounding 1 near Philadelphia still at large.

  • FACTBOX-Taxpayers help subsidize oil-by-rail boom Sunday, 14 Dec 2014 | 7:00 AM ET

    Granting Agency: U.S. Department of Transportation Amount: $10 million Year: 2013 Recipient: South Eastern Pennsylvania Transportation Authority Description: Used to separate a CSX freight and commuter line that became crowded as demand for crude by rail grew in the Philadelphia area. Granting Agency: U.S. Department of Transportation Amount: $6.6 million...

  • NEW YORK, Dec 14- For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety. The public assistance in states like New York, Pennsylvania, Ohio, Oklahoma and Oregon comes as railroads are posting record profits, and...

  • Bakken-Cushing pipeline project slammed shut Saturday, 13 Dec 2014 | 11:01 AM ET

    Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.

  • NEW YORK— A rare 1907 double eagle $20 coin designed by Augustus Saint-Gaudens could sell for as much as $1.5 million at auction next week. The lustrous gold piece is one of four experimental relief $20 coins that were minted in Philadelphia in 1907 between Feb. 7 and Feb. 14. President Theodore Roosevelt commissioned the great American sculptor to redesign the...

  • *China data hits materials sector. NEW YORK, Dec 12- U.S. stocks fell on Friday, putting the benchmark S&P 500 on track for its first weekly decline in eight, after a further drop in oil prices and disappointing data out of China pushed investors away from the raw materials sector. That's what you have here, "said Terry Morris, senior equity manager for National Penn...