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  • WASHINGTON, Jan 28- The number of children in the United States relying on food stamps for a meal spiked to 16 million last year, according federal data, signaling a lopsided economic recovery in which lower income families are still lagging behind. Republicans in Congress have sought to cut back on the Supplemental Nutritional Assistance Program or food stamp...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday repeated that it will remain "patient" in deciding when to raise interest rates, and said the U.S. economy is on track despite turmoil in other markets around the world. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to...

  • RPT-FED SAYS INFLATION HAS DECLINED FURTHER AND MAY DECLINE FURTHER, BUT SHOULD INCREASE OVER THE MEDIUM TERM AS LABOR MARKET IMPROVES AND TEMPORARY EFFECTS OF LOW ENERGY PRICES FADE.

  • RPT- FED SAYS ECONOMY EXPANDING AT SOLID PACE, WITH STRONG JOB GAINS AND A LOWER UNEMPLOYMENT RATE.

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • Jan 28- The London Stock Exchange Group Plc plans to put Russell Investments up for sale in mid-February and hopes to fetch around $1.4 billion for the unit, two sources told Reuters Wednesday. The exchange operator has tapped Barclays to sell the business, according to the sources, who wished to remain anonymous because they are unauthorized to speak to the...

  • NEW YORK, Jan 28- Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, adding to anxieties about the global glut that has pressured the market since last summer. Benchmark Brent crude oil was down 84 cents at $48.76 a barrel by 1:07 p.m. ET, after making a session low at $48.65. U.S. crude dropped $1.39 to $44.84, after...

  • LONDON, Jan 28- British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office has already charged two UK- based Alstom subsidiaries and four former employees with...

  • *Sale of assets including stake in Greece's main utility halted. *Greek minister says Athens against sanctions on Russia. It said it would halt the sale of stakes in the Public Power Corporation of Greece, Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • GLOBAL MARKETS-Dollar, U.S. stocks inch higher before Fed Wednesday, 28 Jan 2015 | 1:04 PM ET

    NEW YORK, Jan 28- The dollar edged up against the euro on Wednesday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while U.S. stocks climbed after strong earnings from Apple. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European...

  • Jan 28- Fuel-cell maker Plug Power Inc toned down its sales outlook for 2015, saying it had decided to put out numbers "people could rely" on after receiving "a lot of criticism for under-delivering." The company's shares fell as much as 10 percent to $2.86 in morning trade, after Chief Executive Andy Marsh said Plug Power now expected sales "in excess of $100 million".

  • Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...

  • LONDON, Jan 28- Nearly a quarter of all euro zone government bonds now have yields below zero, data from Tradeweb shows, a consequence of ECB schemes designed to channel money into the most credit-starved corners of the bloc's weak economy. European Central Bank policy-- including interest rates below zero and asset purchases-- has buoyed bond prices, knocking the...

  • *Scotland blocks new permits for fracking. LONDON, Jan 28- Scotland on Wednesday blocked the granting of permits for fracking and a local English council delayed a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions. Scotland, estimated to have around 80 trillion cubic metres of shale gas resources- enough to...

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • Trade union turns lights off on French prime minister Wednesday, 28 Jan 2015 | 12:42 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • Unions turn lights off on French prime minister Wednesday, 28 Jan 2015 | 12:40 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • Jan 28- Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C $700 million on Wednesday, blaming plunging crude oil prices. The savings will come from suspending the bulk of Cenovus's conventional drilling program in southern Alberta and Saskatchewan, and delaying some long-term expansions and new projects in the oil...

  • Renewed plunge in Greek banks hits European shares Wednesday, 28 Jan 2015 | 12:31 PM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks slumped further on Wednesday as concerns mounted about the banking sector after the election victory of anti-bailout party Syriza and the new government's cancellation of privatization plans. The combined market value of Greece's top four- Alpha Bank, Piraeus Bank, National Bank of Greece...