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  • NEW YORK— Shares of Herbalife surged more than 11 percent in afternoon trading Friday after disclosing that it's in advanced talks to settle a federal investigation into claims that the company essentially operates as a pyramid scheme. It's a claim that has dogged the company for years and set off what has become an epic battle with activist investor Bill...

  • CONKLIN/ LAC LA BICHE, May 6- Canada's government sent trucks and helicopters on Friday to safely remove thousands of evacuees stranded north of a wildfire that ravaged nearly a quarter million acres around the Canadian oil town of Fort McMurray, Alberta. The out-of-control wildfire has consumed entire neighborhoods in Fort McMurray, forcing 88,000 to...

  • NEW YORK _ CIFC Corp. on Friday reported first-quarter net income of $4.5 million. CIFC shares have risen 25 percent since the beginning of the year. Access a Zacks stock report on CIFC at http://www.zacks.com/ap/CIFC.

  • UNIONDALE, N.Y. _ Arbor Realty Trust on Friday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Uniondale, New York, said it had funds from operations of $6.9 million, or 13 cents per share, in the period. The company said it had net income of $1.1 million, or 2 cents per share.

  • NEW YORK _ The Madison Square Garden Co. on Friday reported a fiscal third-quarter loss of $60.8 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share. The Madison Square Garden Co. shares have climbed slightly since the beginning of the...

  • NEW YORK _ Revlon Inc. on Friday reported first-quarter net income of $11 million, after reporting a loss in the same period a year earlier. On a per-share basis, the New York- based company said it had net income of 21 cents. Revlon shares have risen 30 percent since the beginning of the year.

  • BUFFALO, N.Y. _ Gibraltar Industries Inc. on Friday reported first-quarter earnings of $6.5 million. Gibraltar Industries expects full-year earnings in the range of $1.30 to $1.40 per share, with revenue in the range of $1.04 billion to $1.06 billion. Gibraltar Industries shares have declined almost 1 percent since the beginning of the year.

  • NEW YORK _ FXCM Inc. on Friday reported first-quarter net income of $49.7 million, after reporting a loss in the same period a year earlier. FXCM shares have declined 35 percent since the beginning of the year. Access a Zacks stock report on FXCM at http://www.zacks.com/ap/FXCM.

  • NEW YORK _ Global Net Lease Inc. on Friday reported a key measure of profitability in its first quarter. The real estate investment trust, based in New York, said it had funds from operations of $32.3 million, or 19 cents per share, in the period. Global Net Lease expects full-year funds from operations in the range of 78 cents to 83 cents per share.

  • Stocks are drifting lower in midday trading on Wall Street after a disappointing jobs report. The price of U.S. benchmark crude oil rose 2 percent to $45 a barrel in New York. Stocks are drifting between small gains and losses in early trading on Wall Street after a disappointing jobs report.

  • MANILA, Philippines— A U.S.-educated investment banker and the richest Philippine presidential aspirant, Mar Roxas lacks the dramatic life stories of his rivals, including a tough-talking mayor with a public vow to dump criminals in Manila Bay and a foundling who made it big in politics. President Benigno Aquino III, who rose to power on a promise to fight...

  • *Fort McMurray residents will be unable to return for a while. CONKLIN/ LAC LA BICHE, Alberta, May 5- The 88,000 residents who fled a wildfire that has ravaged the Canadian oil town of Fort McMurray in Alberta will not be able to return home anytime soon, officials warned on Thursday, even as the inferno edged slowly south. "The damage to the community of Fort McMurray is...

  • WASHINGTON, May 6- U.S. employment likely rose again in April, but a rush of job seekers into the labor market should keep wage gains moderate and buy a cautious Federal Reserve more time before raising interest rates again. Nonfarm payrolls probably increased by 202,000 last month in U.S. Labor Department data due for publication on Friday, after growing by...

  • Though 34 states had declining debt levels, two had double-digit increases: Kansas and South Dakota, at 40 percent and 20 percent, respectively. States with the largest year-over-year debt level declines were Nebraska and North Dakota, each with a 15 percent drop, and Utah, which saw its debt decrease 12 percent. States with the highest per capita debt levels were...

  • CONKLIN/ LAC LA BICHE, Alberta, May 5- A catastrophic wildfire that has forced all 88,000 residents to flee Fort McMurray in Alberta, Canada exploded tenfold in size on Thursday, cutting off evacuees in camps north of the city and putting communities to the south in extreme danger. The out-of-control blaze has burned down whole neighborhoods of Fort McMurray in...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd, which has been accused by billionaire investor William Ackman of being a fraud, said it was in advanced talks with the U.S. Federal Trade Commission to settle a probe into whether it runs a pyramid scheme. The company estimated that a fine could be $200 million, which helped the company's shares rise...

  • NEW YORK, May 5- Lackluster U.S. corporate results spurred investors to pull $11.2 billion from U.S.-based stock funds in the past week, the largest seven-day outflow since January, Lipper said on Thursday. "Look at the bad earnings that came out on Microsoft, Apple, Intel," said Tom Roseen, head of research services for Lipper, a unit of Thomson Reuters Corp.

  • NEW YORK _ Bankrate Inc. on Thursday reported first-quarter profit of $283,000. For the current quarter ending in July, Bankrate Inc. said it expects revenue in the range of $94 million to $98 million. Bankrate Inc. shares have declined 35 percent since the beginning of the year.

  • NEW YORK _ Ladder Capital Corp. on Thursday reported a first-quarter loss of $5.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Ladder Capital shares have fallen 8.5 percent since the beginning of the year.

  • NEW YORK _ Paramount Group Inc. on Thursday reported a key measure of profitability in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 21 cents per share. Paramount Group expects full-year funds from operations in the range of 80 cents to 84 cents per share.