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Federalreserve-012815.jpg The Federal Reserve on Wednesday repeated its pledge to remain "patient" on raising interest rates amid unusually low inflation that could derail the U.S. economic recovery. "Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding...

Ratings agency S&P is considering downgrading Greece's credit following concerns over whether the nation will default, Bloomberg reports. Earlier in the day, new Prime Minister of Greece Alexis Tsipras said that the Greek Government will not default on its commitment to repay bailout debts. But...

Auto parts maker Meritor, Inc. (MTOR) reported net income for the first quarter of $29 million or $0.29 per share, compared to $11 million or $0.11 per share for the year-ago quarter. Income from continuing operations for the first quarter was $32 million or $0.32 per share, compared to $12 million...

Sun Life Investment Management and Ryan Labs Asset Management on Wednesday announced today an agreement whereby Sun Life Financial Inc (SLF, SLF.TO) will purchase Ryan Labs Inc of New York City from the firm's current owners. he transaction is expected to close in the first quarter of 2015, subject...

Online foreign exchange trading company FXCM Inc (FXCM) on Wednesday announced its decision to forgive about 90% of its clients who incurred negative balances in certain jurisdictions, on January 15 as a result of the Swiss National Bank announcement on that date. FXCM will notify the applicable clients...

Cobalt International Energy, Inc. (CIE) said Wednesday that the United States Securities and Exchange Commission's FCPA probe relating to the company's operations in Angola has concluded without any enforcement action recommended by the SEC. The SEC probe began in 2011 in response to allegations of...

Tobacco company Lorillard Inc (LO) on Wednesday said its shareholders voted overwhelmingly to approve the company's merger with Reynolds American Inc (RAI). The final results indicate that more than 98% of the shares voting at the special meeting voted in favor of the merger, representing about 80%...

Florda-Solar-012815.jpg Florida Power & Light Co., Florida's largest investor-owned utility, has announced plans to triple its solar power capacity by the end of 2016, as part of its ongoing strategy of advancing clean energy while keeping electricity affordable for customers. The utility, which is a subsidiary of Juno...

selfie-012815.jpg There's no escape from the selfie phenomenon, even in the fantasy world of video games. WoW Insider, a blog dedicated to the popular World of Warcraft game, reports on an update "bringing us the S.E.L.F.I.E. Camera, a marvelous device that finally lets us egomaniacs turn our cameras on the one person...

marriot-internet-012815.jpg The FCC has warned Marriott and other hotel chains to stop the "disturbing trend" of illegally blocking guests' private wi-fi. Marriott, which was fined $600,000 for blocking personal hotspots in hotel rooms and conference spaces, recently stopped the practice after a storm of criticism on social...

Energy company Hess Corp. (HES) on Wednesday reported a loss for the fourth quarter on lower revenues, as higher production was offset by lower oil and gas prices. Adjusted earnings per share missed analysts' expectations, while revenues beat their estimates. For the fourth quarter, net loss attributable...

Meredith Corporation (MDP) reported second-quarter net income of $39.59 million or $0.87 per share, compared to $30.57 million or $0.67 per share, prior year. Excluding special charges, second quarter earnings per share was $1.00. On average, five analysts polled by Thomson Reuters expected the company...

Cullen/Frost Bankers, Inc. (CFR) Wednesday said fourth-quarter net income available to common shareholders rose to $70.69 million or $1.11 per share, up from $50.66 million or $0.99 per share in the comparable quarter last year. On average, 18 analysts polled by Thomson Reuters expected earnings of...

Meredith Corp. (MDP) announced it has reached an agreement to acquire Shape magazine and the digital assets of the Shape, Natural Health, and Fit Pregnancy brands from American Media. Financial terms of the deal were not disclosed. The company said the transaction will be accretive to its fiscal 2015...

Knight Transportation Inc. (KNX) reported that its fourth-quarter net income attributable to the company increased to $32.94 million or $0.40 per share from $20.10 million or $0.25 per share in the prior year. Total revenue for the quarter grew to $317.47 million from $249.72 million in the prior...

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