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  • NEW YORK, Feb 3- Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, and said it added the most video customers in any quarter in eight years, even as viewers gravitate toward online offerings. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program. Total revenue at Philadelphia- based Comcast rose 8.5...

  • Comcast misses 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:07 AM ET

    PHILADELPHIA— Comcast Corp. on Wednesday reported fourth-quarter net income of $1.97 billion. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Twenty analysts surveyed by Zacks expected $18.79 billion.

  • NEW YORK, Feb 3- Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program. Total revenue at Philadelphia- based...

  • Kennametal reports 2Q loss Wednesday, 3 Feb 2016 | 6:41 AM ET

    LATROBE, Pa. _ Kennametal Inc. on Wednesday reported a loss of $169.2 million in its fiscal second quarter. Kennametal expects full-year earnings in the range of 85 cents to $1.05 per share. Kennametal shares have declined 11 percent since the beginning of the year.

  • Joel Beauvais, acting water chief for the U.S. Environmental Protection Agency, said Michigan officials ignored federal advice to treat Flint water for corrosion-causing elements last year and delayed for months before telling the public about the health risks of lead-contaminated water. "What happened in Flint was avoidable and never should have...

  • Rubio could see campaign fortunes rise from Iowa finish Wednesday, 3 Feb 2016 | 3:15 AM ET

    WASHINGTON— Marco Rubio's strong third-place finish in Iowa could sound like a starting gun to the Republican Party's top donors. Rubio, a 44- year-old Florida senator, came within striking distance of Trump's second place in Iowa, a surprising result given the celebrity businessman's dominance in polls. Rubio moves on to New Hampshire, which weighs in Tuesday,...

  • WASHINGTON— Three of the biggest freight railroads operating in the U.S. have told the government they won't meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last May. Canadian National Railway, CSX Transportation and Norfolk Southern say they won't be ready...

  • CHICAGO, Feb 2- Health experts are bracing for Zika virus to spread to the United States by April or May, borne by a mosquito that craves human blood, feeds during the day and lives under beds and inside closets. Until now, the best weapon against disease-carrying mosquitoes in the United States has been outdoor pesticide fog sprayed by truck and airplane.

  • Healthcare Services misses 4Q profit forecasts Tuesday, 2 Feb 2016 | 5:25 PM ET

    BENSALEM, Pa. _ Healthcare Services Group Inc. on Tuesday reported fourth-quarter net income of $9.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Healthcare Services shares have declined slightly since the beginning of the year.

  • Peoples Financial Services posts 4Q profit Tuesday, 2 Feb 2016 | 5:07 PM ET

    SCRANTON, Pa. _ Peoples Financial Services Corp. on Tuesday reported fourth-quarter net income of $3.8 million. The holding company for Peoples Security Bank and Trust posted revenue of $18.4 million in the period. Peoples Financial Services shares have decreased 6 percent since the beginning of the year.

  • NEW YORK— David B. Caruso, a national investigative reporter with wide experience in government accountability and data journalism over nearly 15 years with The Associated Press, has been named New York City news editor. The appointment was announced Tuesday by James Martinez, the cooperative's state editor for New York, and Karen Testa, editor for the east...

  • House GOP fails anew to repeal Obama's health care law Tuesday, 2 Feb 2016 | 12:50 PM ET

    "What we're proving today is if we have a Republican president next year, we will repeal Obamacare," Ryan, R- Wis., told reporters, using a nickname for a law that GOP lawmakers have despised since it was pushed through Congress six years ago. Ryan said the GOP will offer its own proposal this year for replacing the law, saying it would lower costs and "restore the...

  • U.S. zinc producer Horsehead files for bankruptcy Tuesday, 2 Feb 2016 | 10:37 AM ET

    WILMINGTON, Del., Feb 2- Horsehead Holding Corp, a large U.S. zinc producer, filed for Chapter 11 bankruptcy on Tuesday due to a slump in metals prices and a shortage of cash. The Pittsburgh- based company is the latest victim of a commodity price crash that has claimed scores of U.S. energy exploration companies, miners and metals producers. Commodity prices have...

  • Takata panel finds problems with its quality processes Tuesday, 2 Feb 2016 | 10:24 AM ET

    DETROIT— Embattled air bag maker Takata Corp. lacks processes that would improve the quality of its products, including air bag inflators that have been blamed for at least 11 deaths and 139 injuries, an outside panel hired by the company has found. The group, which includes three former heads of the U.S. National Highway Traffic Safety Administration, was formed...

  • House Transportation committee chairman Bud Shuster, R- Pa., said last summer when he announced his idea that the U.S. is lagging behind other nations in the transition from a radar-based system to one based on satellites. The Federal Aviation Administration, which operates the present system, has been working on its "NextGen" modernization program for more than a...

  • NEW YORK, Feb 2- The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other U.S. industries. Drugmaker Eli Lilly is holding its capex budget flat and Verizon Communications Inc said it plans to cut its budget from $17.8 billion, to between $17.2 and $17.7 billion. "I think companies are going to be lean...

  • UGI posts 1Q profit Monday, 1 Feb 2016 | 6:21 PM ET

    KING OF PRUSSIA, Pa. _ UGI Corp. on Monday reported fiscal first-quarter net income of $114.6 million. On a per-share basis, the King Of Prussia, Pennsylvania- based company said it had net income of 65 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— Federal judges have overturned decisions by the Department of Veterans Affairs to demote two senior officials accused of manipulating the agency's hiring system for their own gain. The VA demoted Kimberly Graves and Diana Rubens last month. Rubens earns $181,497 as director of the Philadelphia regional office for the Veterans Benefits...

  • CLEVELAND— A jury in Ohio has awarded $27 million to a man who was badly injured in a Greyhound bus accident on a Pennsylvania interstate. Cleveland.com reports 45- year-old Mark Soberay, of Cleveland, was awarded $23 million in compensatory damages and $4 million in punitive damages on Jan. 22. The bus was traveling from New York City to Cleveland.

  • Feb 1- U.S. stocks opened lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and oil prices resumed their downward spiral. The data from China showed that the world's second-largest economy's manufacturing sector contracted in January at the fastest pace since 2012..