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  • Jan 29- Wall Street surged nearly 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a strong rally in technology shares. Japan's central bank cut a benchmark rate below zero to stimulate its economy, a surprise move that boosted global equities. Wall Street's rally follows four weeks of volatility that has left the S&P...

  • ATLANTIC CITY, N.J., Jan 26- Inside the dimly lit Moose Lodge 216 last September in Atlantic City, Frank D'Alonzo discussed a few of the ideas he has heard over the years to revitalize the cash-strapped New Jersey gambling hub. Brimming with promise but ground down by poverty, Atlantic City is trying to reinvent itself even as it teeters on the edge of fiscal ruin.

  • Oil prices were lifted by hopes that OPEC and non- OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. "Usually when oil and stocks are up like they are right now, Treasury prices fall, but because of a lot of things including the Fed meeting, today's Treasury increase is very very modest," said Cheng Chen, interest rates...

  • But big-name, national plaintiffs' firms have yet to jump into the fray in Flint, which has a population of about 100,000.. What's holding them back, several lawyers said, is not the facts or the victims, but the prospective targets: The State of Michigan, the city of Flint, and officials at various levels of government. Those suits were filed against the state, city, and...

  • *Brent touches $32.69/ bbl, U.S. crude hits $32.64. Brent had gained 8 cents to $32.26 a barrel by 0221 GMT after touching $32.69 a barrel earlier in the day. U.S. crude rose 5 cents to $32.24 a barrel, compared with its session-high of $32.64 and previous settlement at $32.19.

  • Brent had climbed 33 cents a barrel to $32.51 as of 0037 GMT after touching $32.69 a barrel earlier the session. U.S. crude rose 15 cents at $32.34 a barrel, compared with its session-high of $32.64 and previous settlement at $32.19. While New York and Philadelphia were getting back to business, Washington was not ready after an historic storm dumped more than 20...

  • LOS ANGELES, Jan 24- With a blizzard hammering the East Coast, Leonardo DiCaprio's "The Revenant" topped a subdued U.S. box office with $16 million at 3,711 locations this weekend, according to Sunday estimates. Winter Storm Jonas shut down theaters Saturday in New York City, Washington D.C., Baltimore, and Philadelphia, cutting the nation's overall moviegoing for...

  • LOS ANGELES, Jan 24- With a blizzard hammering the East Coast, Leonardo DiCaprio's "The Revenant" topped a subdued U.S. box office with $16 million at 3,711 locations this weekend, according to Sunday estimates. Winter Storm Jonas shut down theaters Saturday in New York City, Washington D.C., Baltimore, and Philadelphia, cutting the nation's overall moviegoing for...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. It ranked No. 3 in terms of snowfall accumulation in New York City history with at least 25.1 inches, and was among Washington's...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio, Tennessee and...

  • *Record tides cause major flooding in New Jersey, Delaware. NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed the U.S. East Coast intensified on Saturday afternoon as it barreled into New York City, prompting a travel ban on area highways as high winds whipped up record-setting tides in New Jersey and Delaware. New York Governor Andrew Cuomo...

  • *Wall Street jumps 2 pct in heavy volume. NEW YORK, Jan 22- Oil prices and world stock markets jumped on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Brent crude oil, which tumbled in recent weeks on worries about oversupply, settled 10 percent higher and above $32 a barrel in one of the...

  • *Crude up as cold wave boosts short-term demand. Jan 22- Wall Street surged 2 percent on Friday to wrap up its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But the index is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets.

  • *Wall Street higher in late trading. NEW YORK, Jan 22- Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. "I don't think anyone really believes we've seen the bottom," said Warren West, principal at Greentree Brokerage...

  • US STOCKS-Wall Street surges in end to volatile week Friday, 22 Jan 2016 | 2:56 PM ET

    Jan 22- Wall Street surged on Friday and was on track for its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But it is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets. "I don't think anyone really believes we've seen the...

  • Jan 20- Five people, including two former GlaxoSmithKline researchers, were charged with a scheme to steal trade secrets from the British drugmaker for potential sale in China, according to indictments announced by the U.S. Attorney's Office in Philadelphia on Wednesday. The alleged conspirators established three corporations in China, all using the name...

  • Jan 20- Five people, including two scientists who did research for GlaxoSmithKline, were charged with a scheme to steal trade secrets from the British drugmaker for potential sale in China, according to indictments announced by the U.S. Attorney's Office in Philadelphia on Wednesday. The alleged conspirators established three corporations in China, all...

  • NEW YORK, Jan 20- U.S. refineries along the East Coast and the Midwest are facing their first major test of the winter season since last year's blistering cold set off a string of outages, sending gasoline and diesel prices soaring. Northeast and Midwest ahead of a potentially historic storm that threatens to dump as much as 24 inches of snow in parts of the I-95...

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • NEW YORK, Jan 15- Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower. Major stock indices in Europe closed down more than 2 percent, while Wall Street stock indexes tumbled...