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  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • *Fed says to keep "patient" approach on rates. NEW YORK, Jan 28- U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. While many market participants said they were unsurprised by the...

  • NEW YORK, Jan 28- Bullish activity in Advent Software Inc's options surged weeks ahead of a report on Wednesday that U.S. financial software company SS&C Technologies Holdings Inc plans to buy Advent for about $2.3 billion. San Francisco- based Advent Software's shares jumped as much as 13 percent to an all-time high of $42.85 on Wednesday, after a Bloomberg...

  • US STOCKS-U.S. stocks fall after Fed statement, oil drop Wednesday, 28 Jan 2015 | 3:26 PM ET

    NEW YORK, Jan 28- U.S. stocks fell on Wednesday, driven by extended losses in the S&P 500 energy sector, after the Federal Reserve said 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 struggling...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • Sheriffs expand concerns about Waze mobile traffic app Wednesday, 28 Jan 2015 | 2:17 PM ET

    WASHINGTON— A law enforcement campaign to compel Google Inc. to disable a feature in its popular Waze traffic app that lets drivers warn others about nearby police activity shifted Wednesday when a sheriffs' organization openly complained that the app not only puts officers' lives at risk, it also interferes with the ability to write speeding tickets.

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, the day after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water...

  • US STOCKS-Apple, Boeing lift Wall Street; Fed eyed Wednesday, 28 Jan 2015 | 10:30 AM ET

    *Yahoo unveils plan to spin off Alibaba stake. NEW YORK, Jan 28- U.S. stocks rose on Wednesday, boosted by earnings including Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. Boeing added 4.2 percent to $138 after handily beating top- and bottom-line expectations.

  • New England digs out from massive blizzard Wednesday, 28 Jan 2015 | 9:32 AM ET

    In Massachusetts, which was hit particularly hard, a record-breaking 34.5 inches of snow fell in Worcester, and the 24.4 inches at Boston's Logan International Airport approached record proportions, NWS officials said. Boston- area trains, buses and subways were set to resume normal service, although delays were predicted for the morning commute.

  • After setting iPhone record, what does Apple do next? Wednesday, 28 Jan 2015 | 3:05 AM ET

    SAN FRANCISCO— Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." But after selling a record 74.5 million iPhones in three months that ended in December, what can Apple do next? While several analysts have raised their estimates for Apple, some still worry the company depends too much on the iPhone, which...

  • Museum vows to reopen after thieves swipe historic gold Wednesday, 28 Jan 2015 | 2:52 AM ET

    SAN FRANCISCO— Wells Fargo Bank officials vowed to reopen a popular corporate museum in the heart of San Francisco's financial district after thieves smashed a stolen SUV through its front door and made off with historic gold rush nuggets on display. The iconic stagecoaches weren't damaged, bank spokesman Ruben Pulido said. Wells Fargo opened its first...

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • Tiger fight: China and Alibaba face off over fake goods Wednesday, 28 Jan 2015 | 12:57 AM ET

    Regulators on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. Uncowed, Alibaba fired back with charges of bias and misconduct by a named Chinese official. The State Administration of Industry and Commerce wrote the...

  • Alibaba spinoff likely to increase scrutiny on Yahoo CEO Wednesday, 28 Jan 2015 | 12:08 AM ET

    SAN FRANCISCO— Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group. Investors viewed Yahoo as another way to own a piece of Alibaba, a rapidly growing e-commerce company that is expected to become even more successful during the next decade as more of China's...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding, but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...

  • Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American.

  • Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China, although the United States remained the top iPhone market. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China...

  • *U.S. stocks fall on disappointing earnings; MSCI global index slips. NEW YORK, Jan 27- World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders. All three major U.S. stock indexes ended more than 1 percent lower, with shares of Microsoft, down 9.3 percent, and...

  • *Caterpillar, Microsoft shares slide after results. The group lost 3.3 percent in its biggest one-day drop since November 2011, in the wake of results from industry bellwether Microsoft. Industrial shares fell, led by Caterpillar.