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  • Beacon Roofing misses Street 4Q forecasts Tuesday, 25 Nov 2014 | 8:09 AM ET

    HERNDON, Va. _ Beacon Roofing Supply Inc. on Tuesday reported profit of $24.2 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share. Analysts expected $731.5 million, according to Zacks.

  • American Woodmark posts 2Q profit Tuesday, 25 Nov 2014 | 6:39 AM ET

    WINCHESTER, Va. _ American Woodmark Corp. on Tuesday reported net income of $7.7 million, or 48 cents per share, in its fiscal second quarter. The company, based in Winchester, Virginia, posted revenue of $217.7 million in the period. American Woodmark shares have risen roughly 3 percent since the beginning of the year.

  • Cosby philanthropy shadowed by sexual allegations Tuesday, 25 Nov 2014 | 4:12 AM ET

    LOS ANGELES— Bill Cosby's record of big donations to colleges and other institutions has been a key part of his rosy public image. A North Carolina school, High Point University, removed the 77- year-old entertainer from its National Board of Advisors, a panel that includes retired Gen. The Berklee College of Music said in a statement Monday that it is "no longer...

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • Sotheby's: 'Bunny' Mellon's objects fetch $218M Monday, 24 Nov 2014 | 10:28 AM ET

    NEW YORK— Sotheby's auction house says its multi-day sales of Rachel "Bunny" Mellon's furnishings, art, jewelry and other objects totaled $218 million. Proceeds will benefit The Gerard B. Lambert Foundation. It supports The Oak Spring Garden Library in Upperville, Virginia, which houses Mellon's collection of works related to landscape design, horticulture and...

  • AUSTIN, Texas, Nov 21- The Texas State Board of Education, whose decisions can have national ramifications, on Friday approved nearly 100 textbooks despite criticism the books exaggerated the influence biblical figures had in forming the U.S. system of government. Once textbooks are approved in Texas, they are often sold nationally and used for years in...

  • Credit Suisse guilty plea on US taxes is official Friday, 21 Nov 2014 | 4:09 PM ET

    WASHINGTON— European bank Credit Suisse's guilty plea to helping wealthy Americans avoid paying taxes has been formalized by a federal judge. District Chief Judge Rebecca Beach Smith in Norfolk, Virginia on Friday entered orders requiring Credit Suisse AG to pay $2.6 billion in fines and restitution to the U.S. government and regulators.

  • NORFOLK, Va., Nov 21- A U.S. judge on Friday accepted Credit Suisse's guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution. Credit Suisse agreed to the payout as part of a more than $2.5 billion settlement with several government authorities,...

  • WASHINGTON, Nov 20- President Barack Obama imposed the most sweeping immigration reform in a generation on Thursday, easing the threat of deportation for some 4.7 million undocumented immigrants and setting up a clash with Republicans who vow to fight his moves. In a White House speech, Obama rejected Republican arguments that his decision to bypass Congress...

  • Kozy Shack recalls some puddings over labeling Thursday, 20 Nov 2014 | 9:02 PM ET

    ARDEN HILLS, Minn.— Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The product was distributed to 20 states— Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, West...

  • Va. lawmakers concerned over proposed EPA rules Thursday, 20 Nov 2014 | 9:39 AM ET

    Lawmakers said the EPA's current target levels for emission cuts penalize Virginia for its robust nuclear energy production. The EPA has set a 2030 target of 810 pounds of carbon dioxide emitted per megawatt hour of electricity generated in Virginia, compared to 1,620 in West Virginia and 1,763 in Kentucky. Terry McAuliffe expressed similar concerns last...

  • Dollar Tree tops Street 3Q forecasts Thursday, 20 Nov 2014 | 7:39 AM ET

    CHESAPEAKE, Va.— CHESAPEAKE, Va.— Dollar Tree Inc. on Thursday reported fiscal third-quarter earnings of $133 million. Analysts expected $2.06 billion, according to Zacks. For the current quarter ending in January, Dollar Tree expects its per-share earnings to range from $1.07 to $1.14.

  • The victim died in a Honda car and at the time the probe focused on the carmaker and Takata Corp, its supplier, and the risk that air bags could rupture, shooting shrapnel into the car. It is not clear what, if any, useful details the material offered by Takata in May 2010 contained or of it would have affected subsequent probes. According to an e-mail exchange between...

  • Minivans do poorly in new crash tests Thursday, 20 Nov 2014 | 12:01 AM ET

    DETROIT— The Honda Odyssey was the only minivan to earn the highest safety rating in new crash tests by the insurance industry. The Insurance Institute for Highway Safety said Thursday that the Nissan Quest, Chrysler Town and Country, and Dodge Caravan all garnered the lowest rating on the small overlap front crash test, which replicates what happens when a...

  • Virginia to look at spaceport deal after explosion Wednesday, 19 Nov 2014 | 12:30 PM ET

    RICHMOND, Va.— Virginia officials plan to re-examine a spaceport deal with Orbital Sciences Corp. following a rocket explosion that damaged a state-owned launch pad. Terry McAuliffe's administration may seek to renegotiate a memorandum of understanding and launch services agreement with the company, Virginia Secretary of Transportation Aubrey Layne Jr....

  • McAuliffe touts Va. film incentive program Wednesday, 19 Nov 2014 | 11:02 AM ET

    The governor's office issued a news release Tuesday saying the economic impact of the film industry in Virginia was $382 million in 2013.. Peter Farrell and his father, Dominion Resources Inc. CEO Thomas Farrell II, made a movie last year that received $1 million in assistance from the state. Other projects filmed in Virginia last year include the National...

  • Family Dollar delays special shareholders meeting Wednesday, 19 Nov 2014 | 10:57 AM ET

    MATTHEWS, N.C.— Family Dollar is delaying a special meeting at which shareholders were to vote on its $8.5 billion acquisition by Dollar Tree as regulators determine how many stores might need to be divested for antitrust reasons. Dollar General said in a separate statement that is still committed to acquiring Family Dollar and that it is in talks with the FTC...

  • Dry San Diego to look to sewers as water source Wednesday, 19 Nov 2014 | 2:52 AM ET

    SAN DIEGO— Acknowledging California's parched new reality, the city of San Diego has embraced a once-toxic idea: turning sewer water into drinking water. The City Council voted unanimously Tuesday to advance a $2.5- billion plan to recycle wastewater, the latest example of how California cities are looking for new supplies amid a severe drought.

  • Ryan to chair tax panel, a possible 2016 platform Tuesday, 18 Nov 2014 | 5:43 PM ET

    WASHINGTON— House Republican leaders chose Paul Ryan on Tuesday to head the powerful House Ways and Means Committee for the next two years, giving him a high-profile platform if he decides to run for president in 2016 or beyond. Jason Chaffetz of Utah to head the House Oversight Committee and Rep. Mac Thornberry of Texas to head the Armed Services Committee.

  • Watchdog: Patent telework program invites abuse Tuesday, 18 Nov 2014 | 3:53 PM ET

    WASHINGTON— Thousands of federal patent workers are allowed to work from home with little supervision and face almost no discipline even if they lie about the hours they put in, an internal watchdog told Congress Tuesday as lawmakers examine a telework program acclaimed as a model for the government. Senior managers at the Patent and Trademark Office are...