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  • April 22- Mortgage insurer MGIC Investment Corp posted a better-than-expected quarterly profit as fewer homeowners defaulted on their payments in an improving U.S. housing market. The company reported a net income of $60 million, or 15 cents per share, for the first quarter ended March 31, compared with a loss of $72.9 million, or 31 cents per share, a year earlier.

  • April 22- Credit investment and private equity firm Ares Management LP said its initial public offering is expected to raise up to $419 million. The offering of 18.2 million common units is expected to be priced between $21 and $23 per unit, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

  • Omnicom revenue rises as U.S. ad spending improves Tuesday, 22 Apr 2014 | 7:19 AM ET

    April 22- Omnicom Group Inc, the largest U.S. advertising company, reported a 3 percent rise in quarterly revenue due mainly to higher growth in its home market. Omnicom, which owns agencies such as BBDO Worldwide and Goodby, Silverstein& Partners, said revenue rose to $3.50 billion in the first quarter from $3.39 billion a year earlier.

  • Xerox first-quarter profit falls 5 pct Tuesday, 22 Apr 2014 | 7:12 AM ET

    April 22- Xerox Corp reported a 5 percent fall in first-quarter profit, hurt by dwindling revenue from its printing business and slowing growth in the services unit. The net income attributable to Xerox fell to $281 million for the three months ended March 31, from $296 million a year earlier. On a per share basis, net income was flat at 23 cents.

  • MGIC posts quarterly profit due to lower defaults Tuesday, 22 Apr 2014 | 7:12 AM ET

    Net income was $60 million, or 15 cents per share, for the quarter ended March 31, compared with a loss of $72.9 million, or 31 cents per share, a year earlier.

  • April 22- Advertising company Interpublic Group of Cos reported a 6 percent rise in quarterly revenue and a smaller loss, helped by higher spending in the United States. Interpublic, whose agencies include McCann Erickson and Draftfcb, said revenue rose to $1.64 billion in the first quarter from $1.54 billion a year earlier.

  • Insurer Travelers' profit rises 17 pct Tuesday, 22 Apr 2014 | 7:06 AM ET

    April 22- U.S. property and casualty insurer Travelers Cos Inc reported a 17 percent rise in first-quarter profit, helped by higher premiums and net investment income. The company's net income rose to $1.05 billion, or $2.95 per share, for the quarter ended March 31, from $896 million, or $2.33 per share, a year earlier.

  • April 22- Printer maker Lexmark International Inc reported first-quarter adjusted earnings above analysts' average estimate, helped by higher revenue from its managed print services and software businesses.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.

  • PE firm Ares' IPO likely to raise up to $419 mln Tuesday, 22 Apr 2014 | 6:40 AM ET

    April 22- Credit investment and private equity firm Ares Management LP's initial public offering is expected to raise up to $419 million, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

  • April 22- General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would defer the reopening of its Quintette coal mine in British Columbia and cut 600 jobs, or 5 percent of its global workforce, after a 78.4 percent fall first-quarter net profit.

  • April 22- Eli Lilly and Co said on Tuesday it will buy Swiss drugmaker Novartis AG's animal health business for $5.4 billion in cash to strengthen and diversify its Elanco unit. Lilly said it plans to fund the deal with about $3.4 billion of cash on hand and $2 billion of loans.

  • GM seeks court protection against ignition lawsuits Tuesday, 22 Apr 2014 | 1:51 AM ET

    April 22- General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be sued in violation of this Court's Sale Order and Injunction for economic damages relating to vehicles and parts sold by Old GM?"

  • April 22- Eli Lilly and Co said on Tuesday it will buy Novartis AG's animal health business for $5.4 billion in cash to strengthen and diversify its Elanco unit. Lilly said it plans to fund the deal with about $3.4 billion of cash on hand and borrow $2 billion. Eli Lilly said the transaction will add to its profit on a cash basis from 2016, excluding integration costs.

  • LAUNCESTON, Australia, April 22- It's hard to find any bullish predictions for iron ore prices, with the consensus being that it will drop to below $100 a tonne. The latest bearish signal for iron ore is the decision by an Indian court to allow the mining of 20 million tonnes per annum in the state of Goa, most of which will end up on the export markets.

  • SINGAPORE, April 22- Copper futures on the London Metal Exchange slipped on Tuesday as the bourse reopened after a long holiday weekend, still pressured by worries over Chinese demand amid a slowdown in the world's top user of the industrial metal.

  • April 21- Italy's two largest banks, UniCredit and Intesa Sanpaolo, are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the Financial Times reported.

  • April 21- Italy's two largest banks, UniCredit and Intesa Sanpaolo, are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the Financial Times reported.

  • DETROIT, April 21- Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. Bloomberg earlier reported that Ford may make an announcement as early as May 1.

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