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  • Franklin Financial Network posts 4Q profit Tuesday, 26 Jan 2016 | 4:57 PM ET

    FRANKLIN, Tenn. _ Franklin Financial Network Inc. on Tuesday reported fourth-quarter profit of $4.7 million. Franklin Financial Network shares have fallen almost 9 percent since the beginning of the year. Keywords: Franklin Financial Network, Earnings Report.

  • WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports. The company said the bankruptcy would have virtually no impact on its daily operations, and it is seeking to borrow up to...

  • WASHINGTON— Millions of young adults healthy enough to think they don't need insurance face painful choices this year as the sign-up deadline approaches for President Barack Obama's health care law. "There's only so far one can dwindle a ramen-noodle diet," said Christopher Rael of Los Angeles. With open enrollment over after Jan. 31, Rael is hoping his meager...

  • Leading U.S. paper company Verso files for bankruptcy Tuesday, 26 Jan 2016 | 10:42 AM ET

    WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt in the face of falling demand for catalogs and magazines and cheaper imports. Verso, which is controlled by private equity firm Apollo Global Management, plans to seek approval for a plan that would shed $2.4 billion...

  • Hiring rises in 36 US states in December Tuesday, 26 Jan 2016 | 10:35 AM ET

    WASHINGTON— Employers added jobs in 36 states last month, led by big gains in California, Texas and Florida, evidence that hiring remains solid nationwide. THE NUMBERS: The widespread hiring helped push down unemployment rates in 25 states in December, with the sharpest drops occurring in Missouri and Oregon. BIG PICTURE: California added 60,400 jobs last month,...

  • HAVANA, Jan 26- Cuba's tourism industry is under unprecedented strain and struggling to meet demand with record numbers of visitors arriving a year after detente with the United States renewed interest in the Caribbean island. Cuba received a record 3.52 million visitors last year, up 17.4 percent from 2014. As it is, foreigners face extreme difficulties...

  • UPDATE 1-Sprint slashes 2,500 jobs to cut costs Monday, 25 Jan 2016 | 4:08 PM ET

    Jan 25- Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters at Overland Park, Kansas, Sprint spokeswoman Michelle Boyd said.

  • Democratic senator blocks Obama's pick to head FDA Monday, 25 Jan 2016 | 1:17 PM ET

    Robert Califf, the No. 2 official at the agency, who was a prominent cardiologist and medical researcher at Duke University for more than 30 years. "The FDA needs to commit to shift the way it approaches and evaluates addiction before I can support Dr. At the vote, she said she wanted reassurances that FDA will write rules for labeling genetically modified salmon.

  • LOS ANGELES— Hilton is launching a new hotel brand, focusing on budget travelers looking to spend $90 to $100 a night. The new brand, named Tru, aims to compete with economy and midscale chains like Comfort Inn, Fairfield Inn and La Quinta. Hilton Worldwide— which has more than 4,500 hotels globally— already has "limited service" brands like Hilton Garden Inn, Hampton...

  • Weekend storm economic hit not as bad as feared Sunday, 24 Jan 2016 | 6:19 PM ET

    The weekend blizzard along the East Coast could have a relatively small economic impact— up to $850 million, experts estimate— because the storm hit on a weekend and there weren't any major power outages. Restaurants, theaters, other entertainment venues and some retailers took the brunt of the hit, but overall, the impact might be a wash, said Chris Christopher, a...

  • 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...

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

  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • *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...

  • Jan 21- Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy as soon as...

  • Jan 21- Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of further stimulus. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy as early as March.

  • WASHINGTON, Jan 15- A lull in global market turmoil allowed the U.S. It is too early to declare the first rate hike in nearly a decade a mistake, they say, or to fear the U.S. central bank will be forced, like the European Central Bank and others, to retreat before the current tightening cycle is complete. Following sharp drops in Europe and Asia, major U.S. stock indexes...

  • LOS ANGELES, Jan 14- Three ticket holders with a claim on a record $1.6 billion Powerball jackpot were laying low on Thursday, their identities officially still a mystery even as lottery officials revealed the retailers in California, Florida and Tennessee that sold them the lucky tickets. Each of the winning tickets is worth $528.8 million to the holders,...

  • LOS ANGELES, Jan 14- Three ticket holders with a claim on a record $1.6 billion Powerball jackpot were laying low on Thursday, their identities still a mystery even as lottery officials revealed the retailers in California, Florida and Tennessee that sold them the lucky tickets. Each of the winning tickets is worth $528.8 million to the holders, lottery...