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  • Stock exchanges including Intercontinental Exchange Inc's New York Stock Exchange unit, Nasdaq OMX Group, and BATS Global Markets said their exchanges were expected to stay open for normal operating hours Monday and Tuesday. NYSE and BATS have backup data centers in Chicago, while Nasdaq's backup is in Ashburn, Virginia. Heavy snowfall has led the NYSE to...

  • Lower coal revs hit Norfolk Southern profit Monday, 26 Jan 2015 | 1:24 PM ET
    A file photo of a Norfolk Southern freight train.

    Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. Shares of MeadWestvaco and Rock-Tenn rose to record highs. MeadWestvaco shareholders will have a 50.1 percent stake in the new company, which will be named before the deal...

  • NVR misses Street 4Q forecasts Monday, 26 Jan 2015 | 9:45 AM ET

    RESTON, Va. _ NVR Inc. on Monday reported fourth-quarter earnings of $99.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $25.67 per share. Analysts expected $1.35 billion, according to Zacks.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue. Norfolk Southern said the drop in coal was caused by a weak global export market and fewer shipments of coal to utilities, which resulted in a decrease in freight volumes of 6 percent.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday said quarterly profit fell slightly due to falling coal volumes. The Norfolk, Virginia- based company reported fourth-quarter net income of $511 million, down from $513 million a year earlier. Earnings per share were flat at $1.64.

  • OMAHA, Neb.— Norfolk Southern Corp. reported its profit was little changed in the fourth quarter from a year ago because the railroad's coal revenue fell 15 percent on weak demand from utilities and export markets. Coal shipments are likely to remain weak throughout 2015, and the current low crude oil prices will limit Norfolk Southern's revenue because many...

  • AT&T buying Nextel Mexico from NII Holdings Monday, 26 Jan 2015 | 7:04 AM ET

    DALLAS— AT&T is buying Nextel Mexico from NII Holdings for about $1.88 billion, minus the company's debt. The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3 million subscribers.

  • RICHMOND, Va.— Rock-Tenn and MeadWestvaco will join forces to create a $16 billion global packaging company, driving down its own costs and possibly gaining the scale to better dictate prices. The new company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from Rock-Tenn and six directors...

  • MeadWestvaco tops Street 4Q forecasts Monday, 26 Jan 2015 | 6:08 AM ET

    RICHMOND, Va. _ MeadWestvaco Corp. on Monday reported fourth-quarter earnings of $53 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. MeadWestvaco shares have risen 1.5 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • Sheriffs want popular police-tracking app disabled Monday, 26 Jan 2015 | 12:29 AM ET

    WASHINGTON— Sheriffs are campaigning to pressure Google Inc. to turn off a feature on its Waze traffic software that warns drivers when police are nearby. Waze, which Google purchased for $966 million in 2013, is a combination of GPS navigation and social networking. They are seeking support among other law enforcement trade groups to pressure Google to...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • LOS ANGELES— A major measles outbreak traced to Disneyland has brought criticism down on the small but vocal movement among parents to opt out of vaccinations for their children. In a rash of cases that public health officials are rushing to contain, at least 70 people in six states and Mexico have fallen ill since mid-December, most of them from California.

  • Richmond- based Dominion Resources is partnering with other utilities to build the $5 billion Atlantic Coast Pipeline, which would cross the Blue Ridge Mountains to deliver gas from Pennsylvania, Ohio and West Virginia. Friday's rally was organized by the Sierra Club and Friends of Nelson, a group of property owners in Nelson County who live along the proposed...

  • Southern National Bancorp posts 4Q profit Thursday, 22 Jan 2015 | 5:10 PM ET

    CHARLOTTESVILLE, Va. _ Southern National Bancorp of Virginia Inc. on Thursday reported fourth-quarter net income of $2 million. Southern National Bancorp shares have dropped nearly 1 percent since the beginning of the year. Keywords: Southern National Bancorp, Earnings Report.

  • American National Bankshares posts 4Q profit Thursday, 22 Jan 2015 | 4:46 PM ET

    DANVILLE, Va. _ American National Bankshares Inc. on Thursday reported fourth-quarter net income of $2.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. American National Bankshares shares have fallen roughly 10 percent since the beginning of the year.

  • MCLEAN, Va.— Capital One Financial Corp. said Thursday that its net income slipped 8 percent to $999 million in the fourth quarter as it set aside more money to cover credit losses. The McLean, Virginia- based company said it earned $1.73 per share, or $1.68 excluding income from discontinued operations. Zacks Investment Research says analysts expected a larger...

  • Wells Fargo, JPMorgan settle mortgage kickbacks probe Thursday, 22 Jan 2015 | 3:08 PM ET

    WASHINGTON— Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said Thursday that JPMorgan and Wells Fargo each agreed to consent orders...

  • MeadWestvaco to sell European tobacco carton business Thursday, 22 Jan 2015 | 12:07 PM ET

    RICHMOND, Va.— Packaging company MeadWestvaco Corp. is selling its European-based tobacco folding carton business. MeadWestvaco says the business has annual revenue of about $190 million. Earlier this month, MeadWestvaco announced plans to spin off its specialty chemicals business into a separate, publicly traded company.