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  • 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...

  • DALLAS— Southwest Airlines says it expects to meet a federal deadline this weekend and finish examining 128 planes that were grounded because of missed inspections. Southwest Airlines Co. spokeswoman Brandy King said Friday that the airline had inspected 115 of the planes and would check the others by the Sunday night deadline. The Federal Aviation...

  • NEW YORK, Feb 27- The U.S. stock market has been quiet this week- too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. "Economic data will be the biggest driver of market moves over...

  • Adults, as well as children of any age, will be enrolled in the study if they are admitted to Ebola treatment units in Liberia or are health care workers returning to the U.S. for treatment after being infected while serving in West Africa. That has happened to only two people— the nurses who treated patient Thomas Eric Duncan, who had traveled from Africa and died at a...

  • As tastes change, big food makers try hipster guises Friday, 27 Feb 2015 | 11:12 AM ET

    Nowhere is it evident that the U.S. Taco Co. is an outpost of a chain better known for cheesy gut bombs: Taco Bell. Major companies are testing whether it would pay to tuck away their world famous logos in favor of more hipster guises: PepsiCo, for instance, introduced a craft soda called Caleb's last year and McDonald's opened a cafe that lists lentils and eggplant on...

  • LONDON, Feb 27- U.S. refineries are processing record quantities of heavy crude from Canada as the perfect complement to light oils from North Dakota and Texas as they struggle to keep their average blend steady. Bakken and Eagle Ford are light, sweet oils, while Saudi Arabia's Arab Heavy and Alberta's Western Canadian Select are much heavier and sourer.

  • Penney's shares extend fall after surprise loss Friday, 27 Feb 2015 | 9:24 AM ET

    NEW YORK— J.C. Penney's stock fell further in premarket trading Friday, a day after the department store chain reported a surprise loss amid increasing expenses even as sales improved. J.C. Penney is still trying to recover from a failed attempt to reinvent itself. Mike Ullman came out of retirement in April 2013 to retake the CEO post after Ron Johnson was ousted.