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...» Read More
The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.
TAIPEI, Taiwan-- A Hong Kong media magnate highly critical of China is selling one of his Taiwanese companies to a group headed by a local businessman whose family has substantial interests on the mainland.
WASHINGTON-- More than 56 million Social Security recipients will find out Tuesday how much their monthly payments will go up next year. The increase is tied to a government measure of inflation being released Tuesday morning. Social Security payments for retired workers average $1,237 a month, or about $14,800 a year.
BATUMI, Georgia-- Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with potholes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats.
MONTPELIER, Vt.-- Don't let the bright eyes and bushy tails fool you. In southern Vermont, Clarence Boston said he hasn't seen such an infestation of pests in the 33 years he has been an orchardist on 60 farms in five states. This year's squirrel boom in parts of Vermont followed two seasons of bountiful acorn and beechnut crops and last year's mild winter.
MOSCOW-- Russia's Prime Minister Dmitry Medvedev on Tuesday called for a ban on all tobacco ads, as the government prepares a bill that would also phase out smoking in public. World Health Organization says that some 40 percent of Russia's adult population smokes, one of the highest rates in the world.
GENEVA-- Swiss drugmaker Roche Holding AG on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012, powered by demand for its cancer drugs.
Japan's Nikkei 225 index rose 1.3 percent to 8,689.29 and South Korea's Kospi climbed 0.9 percent to 1,941.45. Benchmarks in Taiwan, Singapore, and New Zealand also rose. Toshiba Corp. jumped 2.7 percent and Sony Corp. rose 1.5 percent in Tokyo, where exporters were also aided by a slightly weaker yen.
MANDAN, N.D.-- Novaspect Holdings Inc., which supplies and services valves and other flow-control components for the energy industry, is building a facility in Mandan, N.D.. The company expects to have about 30 employees within two years, and an annual payroll of $2.6 million.
JEFFERSON CITY, Mo.-- Missouri payrolls increased by 2,500 in September as the state's unemployment rate declined to 6.9 percent, the lowest mark since late 2008.. The state Department of Economic Development released the report Tuesday.
BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
LOS ANGELES-- The founders of the studio behind "Shrek," "Madagascar" and "Kung Fu Panda" are donating $90 million to a Hollywood charity that offers support to seniors and health services for members of the entertainment industry.
Mattel Inc., the largest U.S. toymaker, said Tuesday that its net income rose 22 percent in the third quarter, helped by sales of Fisher Price and Monster High dolls and cost costs. Total quarterly revenue: Up 4 percent to $2.08 billion. _ American Girl: Up 16 percent to $102 million.
MCLEAN, Va.-- Booz Allen Hamilton Holding Corp. is buying ARINC Inc.' s defense systems engineering and support unit for about $154 million in cash. The parent company of consulting firm Booz Allen Hamilton said Tuesday that the division will complement its existing service base.
SHORT HILLS, N.J.-- Investors Bancorp Inc. has closed on its $135 million acquisition of Marathon Banking. "The addition of Marathon more than doubles our branch network in the New York market and provides opportunities for us to enhance our commercial franchise," Investors Bancorp President and CEO Kevin Cummings said in a statement.
NO NUKES: German Chancellor Angela Merkel defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to speed up the plan. Business leaders have criticized the way the switchover has been managed, saying the costs are spiraling and hurting some companies.
INDUSTRIAL PRODUCTION: Output at the nation's factories, mines and utilities increased a modest 0.4 percent in September after falling 1.4 percent in August.
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.
CONFIDENCE BOOST: The National Association of Home Builders/Wells Fargo builder sentiment index increased to 41 in October. That's up from 40 in September and the highest reading since June 2006, just before the housing bubble burst. HEIGHTENED INTEREST: A gauge of traffic by prospective buyers rose 5 points to 35, the highest level since April 2006.