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  • US stocks waver between smalls gain and losses

    NEW YORK (AP) — U.S. stock indexes are drifting between small gains and losses at midday, as investors weigh the latest batch of corporate earnings and mergers, and the implications of an election victory in Greece by a party opposed to that country's bailout plan. The Dow Jones industrial eased six points to 17,666 as of 12:05 p.m. Eastern...

  • Post Holdings to pay $1.15B for Malt-O-Meal cereal maker

    ST. LOUIS (AP) — Post Holdings will spend $1.15 billion to bulk up its presence in the cereal aisle by buying the privately held MOM Brands Co., maker of Malt-O-Meal cereals. Post said Monday it will pay $1.05 billion in cash and give MOM Brands owners nearly 2.5 million shares of stock for the acquisition, which is expected to be completed in...

  • Norfolk Southern 4Q profit flat as coal revenue falls 15 pct

    OMAHA, Neb. (AP) — Norfolk Southern Corp. reported its profit was little changed in the fourth quarter from a year ago because the railroad's coal revenue fell 15 percent on weak demand from utilities and export markets. The Norfolk, Virginia, based company said Monday that total volume increased 4 percent but that wasn't enough to offset the...

  • Court rules for company seeking to trim retiree health costs

    WASHINGTON (AP) — A unanimous Supreme Court is ordering lower courts to take a new look at a dispute over a chemical company's efforts to cut costs in its health plan for retired workers. Justice Clarence Thomas on Monday wrote the court's opinion that threw out a judgment in favor of the retirees of the Point Pleasant Polyester Plant in Apple...

  • Geo Group to spend $312M buying LCS Corrections locations

    Prison operator The Geo Group will spend $312 million in cash to buy eight correctional and detention locations from the privately held LCS Corrections Services. The deal price could rise to around $350 million, if the locations meet some performance targets, Geo Group said Monday. It didn't detail those targets. LCS runs sites in Louisiana,...

  • MeadWestvaco, Rock-Tenn join to form $16B packaging behemoth

    RICHMOND, Va. (AP) — Rock-Tenn and MeadWestvaco will join forces to create a $16 billion global packaging company, driving down its own costs and possibly gaining the scale to better dictate prices. The new company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from...

  • Stocks down slightly as investors shrug off eurozone fears

    NEW YORK (AP) — The U.S. stock market is opening slightly lower as investors shrug off an election victory by a Greece party opposed to that country's bailout plan. The main focus in markets was Sunday's victory by Syriza, a left-wing party that has vowed to end Greece's painful austerity policies. The Standard & Poor's 500 index eased five...

  • Survey: Firms optimistic on hiring, wages in 1Q

    WASHINGTON (AP) — Rising sales helped boost hiring at U.S. businesses in the last three months of 2014, and companies are optimistic that continued improvement in business conditions will bring increased employment and wages in the current quarter, a new survey shows. And many businesses expect the steep drop in oil prices in recent months to...

  • Reinsurers Axis Capital, PartnerRe combining

    NEW YORK (AP) — Reinsurers Axis Capital Holdings Ltd. and PartnerRe are combining in an $11 billion deal. PartnerRe Ltd. shareholders will receive 2.18 shares of the combined company's stock for each share of PartnerRe that they own. Axis Capital shareholders will receive one share of the new company's stock for each share of Axis Capital that...

  • Norfolk Southern meets 4Q profit forecasts

    NORFOLK, Va. (AP) — Norfolk Southern Corp. (NSC) on Monday reported fourth-quarter profit of $511 million. The Norfolk, Virginia-based company said it had net income of $1.64 per share. The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.64 per share....

  • AT&T buying Nextel Mexico from NII Holdings

    DALLAS (AP) — AT&T is buying Nextel Mexico from NII Holdings for about $1.88 billion, minus the company's debt. The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3...

  • Voice of the Consumer: Buyer beware when it comes to used cars

    One of the most common Call for Action complaints we get are about used cars. The most important thing to remember is that Colorado does not have a lemon law for used vehicles. Once you sign the papers and drive off, the car is yours, with all its baggage. Another misconception is that you have three days to cancel a car purchase. For 16 years...

  • Divide fire department's improved rating could lower property insurance rates

    A fire department with no paid workers might pay dividends for Divide residents. Property insurance premiums in the tiny Teller County town may decrease this year because the Divide Fire Protection District, staffed completely with volunteer firefighters, has improved its fire protection 
rating. The protection district has two stations and...

  • Blizzard expected for 250-mile stretch of Northeast

    NEW YORK (AP) — A "potentially historic" storm could dump 2 to 3 feet of snow from northern New Jersey to southern Maine starting Monday, crippling a region that has largely been spared so far this winter, the National Weather Service said. A blizzard warning was issued for a 250-mile stretch of the Northeast, including New York and Boston,...

  • Airlines prepare to shut down in Northeast for snowstorm

    Airlines are preparing to shut down operations along the East Coast as a major snowstorm packing up to three feet of snow barrels down on the region. More than 1,400 flights scheduled for Monday are expected to be cancelled, according to the flight tracking site FlightAware. Most major airlines are allowing customers whose flights are...

  • Obama seeks bigger wilderness designation in Alaska refuge

    JUNEAU, Alaska (AP) — President Barack Obama is proposing to designate the vast majority of Alaska's Arctic National Wildlife Refuge as a wilderness area, including its potentially oil-rich coastal plain, drawing an angry response from top state elected officials who see it as a land grab by the federal government. "They've decided that today...

  • 5 ways unmanned drones could affect the American food supply

    WASHINGTON (AP) — Herding cattle. Counting fish. Taking an animal's temperature. Applying pesticides. When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for...

  • 'American Sniper' holds top spot at weekend box office

    LOS ANGELES (AP) — "American Sniper" hit the mark with moviegoers again. The military drama starring Bradley Cooper as Navy SEAL marksman Chris Kyle topped the box office for a second weekend in a row with $64.4 million in first place, according to studio estimates Sunday. "American Sniper" is up for six Academy Awards, including best picture...

  • US gas prices fell 13 cents per gallon, but expected to rise

    CAMARILLO, Calif. (AP) — The average price of a regular gallon of gas dropped 13 cents in the past two weeks to $2.07, but it could soon rise. Industry analyst Trilby Lundberg said Sunday that the lowest prices in more than five years are likely to increase because of rising wholesale prices. Lundberg says rising costs of crude oil the past...

  • Travelers like plan for rail link to NY's LaGuardia Airport

    NEW YORK (AP) — Some business travelers and others are applauding New York Gov. Andrew Cuomo's proposal to construct a 1.5 mile rail link from a transit hub in Queens to LaGuardia Airport. Salesman Tom Fiore says it has sometimes taken as long as two hours by cab from Manhattan to the airport eight miles away. He says a rail link would speed...

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