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  • 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.

  • 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...

  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • 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 tries to accelerate its growth. Vernon, who has headed the company since it was spun off from Mondelez International Inc in October 2012, has focused on expanding its reach among growing...

  • 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...

  • NEW YORK, Dec 10- U.S. stocks lost more than 1 percent on Wednesday in the S&P 500' s biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares. Selling accelerated in afternoon trading, and by day's end, NYSE declining issues outnumbered advancers by a ratio of 4.66 to 1 ratio. Brent crude touched a new five-year low of $63.56 as Saudi...

  • Gilead sued over 'exorbitant' hepatitis C drug prices Wednesday, 10 Dec 2014 | 3:55 PM ET

    Dec 10- Philadelphia's transportation authority has filed a class action lawsuit accusing Gilead Sciences Inc of charging "exorbitant" prices for its blockbuster hepatitis C drug Sovaldi. The lawsuit, filed Tuesday in federal court in Philadelphia by the Southeastern Pennsylvania Transportation Authority, seeks an unspecified amount of money damages.

  • NEW YORK, Dec 10- U.S. stocks extended their declines on Wednesday afternoon, with all three major indexes down more than 1 percent each as the energy sector resumed its recent slide along with oil prices. Selling picked up in early afternoon, with declining issues outnumbering advancing ones on the NYSE by 2,450 to 613, for a 4.00- to-1 ratio.

  • Boutrous represented the world's largest retailer, Wal-Mart, in one of the most anticipated business cases in years. Gibson Dunn is not the only law firm to turn Supreme Court appearances into gold. After the firm Sidley Austin won a Supreme Court patent case for eBay, it earned at least $10 million in unrelated legal fees from the online retailer, say people with...

  • TREASURIES-Prices mostly steady as long bond gains Wednesday, 3 Dec 2014 | 3:41 PM ET

    NEW YORK, Dec 3- U.S. Treasuries prices were little changed on Wednesday after two days of losses as traders awaited possible monetary policy shifts by the European Central Bank and a key report on U.S. unemployment. "The release of those pressures today are allowing the more natural buyers to emerge," said Guy LeBas, chief fixed income strategist at Janney...

  • Many posts going at North Carolina research site. LONDON, Dec 3- GlaxoSmithKline said on Wednesday it would shed "several hundred" U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging. Many of the jobs lost will be from GSK's Research Triangle Park site in North Carolina...

  • LONDON, Dec 3- GlaxoSmithKline confirmed on Wednesday it would shed several hundred U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging. Many of the jobs lost will be from GSK's Research Triangle Park site in North Carolina as drug research is consolidated in...

  • *U.S. stocks climb with energy shares; MSCI global stock index up. NEW YORK, Dec 2- Oil prices resumed their decline on Tuesday after rallying the previous session, while world stock markets edged higher as investors snapped up beaten-down energy shares. MSCI's global share index was up 0.2 percent.

  • *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. While oil fell 1 percent to $68.35 per barrel- extending a decline that has taken the commodity down...

  • NEW YORK, Nov 24- U.S. "It's certainly very difficult to interpret it as a hawkish vote on Fed policy," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut, on the strong bidding at Monday's auction. Treasury still has $13 billion in two-year floating rate notes, $35 billion in five-year notes and $29 billion in seven-year notes...

  • GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The move came after European Central Bank...

  • *Shares soar on China rate cut, Draghi stimulus hopes. *Euro tumbles on Draghi; Brent above $80 a barrel. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise interest rate cut by China and as the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

  • *GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. About two-thirds of NYSE stocks traded higher,...

  • Urban Outfitters misses Street 3Q forecasts Tuesday, 18 Nov 2014 | 8:26 AM ET

    Urban Outfitters reported third-quarter results that fell short of expectations due to weak performance at its namesake brand.