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  • Magnum Hunter misses Street 4Q forecasts Monday, 2 Mar 2015 | 7:48 AM ET

    HOUSTON _ Magnum Hunter Resources Corp. on Monday reported fourth-quarter net income of $103.4 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. Analysts expected $95.9 million, according to Zacks.

  • ORLANDO, Fla.— As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. In a recent survey of more than 900 contractors by Associated General Contractors of America, 83 percent said they were having trouble filling craft positions. Given the amount of building going on, "it's going to be interesting because we're going to...

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards, according to television news program "60 Minutes." CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida, Texas, Illinois and New...

  • March 1- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, sold flooring containing levels of formaldehyde that were higher than those permitted under California's health and safety standards, according to television news program "60 Minutes". CBS's "60 Minutes" said it tested Lumber Liquidators' flooring in Virginia, Florida,...

  • Dutch chipmaker NXP Semiconductors N.V. said Sunday it had agreed to buy its smaller rival Freescale Semiconductor Ltd. for $11.8 billion in a deal that will make it the biggest supplier of microchips to the automotive industry. The deal pays Freescale shareholders only a small premium over Freescale's $11.1 billion market value, based on Friday's closing...

  • OMAHA, Neb.— The crowd at this year's Berkshire Hathaway annual meeting is likely to top 40,000 as the company marks 50 years of Warren Buffett's leadership. Berkshire investors routinely fill Omaha's downtown arena and overflow rooms at the conference center and a hotel across the street for the meeting. Not long before the arena doors open at 7 a.m. on May 2, a...

  • HIGHLIGHTS-Warren Buffett's letter to investors Saturday, 28 Feb 2015 | 12:27 PM ET

    NEW YORK, Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, written with his usual mix of business facts, common-sense advice and showmanship. On lodging for the May 2 annual meeting in Omaha:. Airbnb's services may be especially helpful to shareholders who expect to spend only a single night in Omaha and are aware...

  • Tom Wolf, who ran last year with the backing of environmental groups, will soon be giving a first glimpse at how his administration will approach the powerful Marcellus Shale natural gas industry. Next week, Wolf's Department of Environmental Protection is preparing to release its plans to update various rules over the drilling industry, including how it must...

  • DALLAS— Freezing rain that coated parts of Texas and Oklahoma for the second consecutive day left highways slick and forced the cancellation of another 1,000 flights Saturday at Dallas-Fort Worth International Airport, one of the nation's biggest airline hubs. The Saturday chaos was on top of about 600 flights nixed Friday, forcing about 5,000 travelers to...

  • FairPoint more attractive to buyers with new labor pact Saturday, 28 Feb 2015 | 9:19 AM ET

    PORTLAND, Maine— FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a Wall Street analyst said shareholders are pressing for one.

  • WASHINGTON— It's not uncommon to feel some trepidation around tax-filing season. But there's an added hassle this year for nearly a million consumers who got financial help with health insurance premiums under President Barack Obama's law. "It's been a comedy of errors from the start," said K.C. Crafts, a freelance financial writer from South Berwick, Maine.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • Ted Cruz of Texas told an influential anti-tax group Friday that he opposes Common Core education standards, a day after potential GOP presidential rival Jeb Bush endorsed the program. Cruz described Common Core as "national standards being dictated from Washington" during an appearance at the Club for Growth's annual winter meeting. Cruz and Bush are among...

  • NEW YORK— A judge has ordered a prominent Texas businessman and his brother's estate to pay $299 million after a federal jury New in York found they engaged in a massive fraud to evade taxes. District Judge Shira Scheindlin issued a final order Thursday in the Securities and Exchange Commission's suit against Sam Wyly and the late Charles Wyly.

  • International Bancshares posts 4Q profit Friday, 27 Feb 2015 | 4:03 PM ET

    LAREDO, Texas _ International Bancshares Corp. on Friday reported fourth-quarter profit of $38.6 million. International Bancshares shares have declined 6 percent since the beginning of the year. Keywords: International Bancshares, Earnings Report.

  • CHICAGO, Feb 27- Just a week into the Chinese "Year of the Goat," chefs in New York are sharpening their knives and diners are preparing to drool over bowls of braised goat shoulder tortellini in a smoked broth and plates of rosemary-goat cheese ice cream. The homage dinner menu to the bleating ruminant at Craft Restaurant in New York on Friday night is just the tip of...

  • AUSTIN, Texas— State Farm agreed Friday to pay $352.5 million in refunds to more than 1 million of its Texas customers as part of a sweeping settlement that ends nearly 12 years of legal battles over premiums that state officials say were too high. The company admits no wrongdoing, but says most homeowners who had State Farm policies between Sept. 7, 2003, and the end...

  • US rig count decreases 43 to 1,267 Friday, 27 Feb 2015 | 2:49 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices. Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two.

  • Correction: Earns-LHC Group story Friday, 27 Feb 2015 | 2:22 PM ET

    LAFAYETTE, La.— In a Feb. 26 story about the financial results of LHC Group Inc., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company missed Wall Street profit expectations. LHC Group beats 4 Q net income, revenue forecasts. LAFAYETTE, La.— LHC Group Inc. on Wednesday...

  • NEWARK, N.J.— Police at Newark Liberty International Airport are being credited with reviving an elderly man who was suffering from heart problems. The Port Authority of New York and New Jersey says four of its officers and two supervisors combined to help the 74- year-old Magnolia, Texas man on Thursday. The man then began breathing on his own and was conscious...