Middle East


  • Late Easter weighs on Six Flags attendance, sales Wednesday, 23 Apr 2014 | 9:01 AM ET

    Amusement park operator Six Flags Entertainment Corp. said Wednesday that a late Easter pushed many school vacations into the second quarter, hurting attendance and sales at its parks. Revenue fell 16 percent, to $73.7 million from $87.5 million, in the January-March quarter.

  • April 23- Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts. Johnson Controls cut its 2014 earnings forecast to adjust for the sale of the electronics business.

  • TRIPOLI, April 23- Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters. Libya traditionally runs large surpluses thanks to oil export revenues.

  • UPDATE 2-Ericsson misses forecasts as waits for 4G boost Wednesday, 23 Apr 2014 | 7:51 AM ET

    STOCKHOLM, April 23- Ericsson, the world's biggest mobile telecom equipment maker, missed first-quarter sales and profit forecasts as its work to rollout faster fourth-generation networks failed to offset the ending of older projects.

  • CAIRO, April 23- Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.

  • STOCKHOLM, April 23- Mobile telecom equipment maker Ericsson expects recent business wins to lift sales later this year, after missing first-quarter sales and profit forecasts due to continued weak demand in North America and Japan.

  • Airport security vulnerabilities not uncommon Wednesday, 23 Apr 2014 | 2:37 AM ET

    As the case of the San Jose stowaway shows, it did not take a sophisticated plan for a 15- year-old boy to spend about seven hours in what is supposed to be a secure area of Silicon Valley's main airport— much of it in a wheel well of the jet that took the teen to Hawaii.

  • Pirates rob Singapore tanker in Malacca Strait Wednesday, 23 Apr 2014 | 12:16 AM ET

    KUALA LUMPUR, Malaysia— Pirates stopped a Singapore- owned tanker in the Malacca Strait and stole several million liters of diesel fuel it was carrying, Malaysian marine police said Wednesday.

  • Amnesty: Qatar fails to protect domestic workers Tuesday, 22 Apr 2014 | 7:44 PM ET

    DUBAI, United Arab Emirates— An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to host the 2022 World Cup.

  • Bernanke regrets not explaining crisis better Tuesday, 22 Apr 2014 | 3:46 PM ET

    Federal Reserve Chairman Ben Bernanke said he could have done a better job in helping people understand the action the central bank took during the financial crisis.

  • *Ukraine crisis lends some support to Brent. NEW YORK, April 22- U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs.

  • *Ukraine crisis lends some support to Brent. U.S. crude fell $2.34 to $102.03 a barrel by 13:45 a.m. EDT while Brent crude was down 93 cents to $108.96 a barrel, having lost over a dollar earlier. The Energy Information Administration will issue inventory data on Wednesday while American Petroleum Institute data is due later on Tuesday.

  • WASHINGTON, April 22- Lockheed Martin Corp, the Pentagon's largest supplier, on Tuesday reported a 23 percent jump in net profit in the first quarter and raised its earnings per share outlook for the full year by 25 cents.

  • *Chlorine not declared by Syria to chemical weapons watchdog. BEIRUT, April 22- Chlorine gas attacks in Syria this month, if proven, expose a major loophole in an international deal to remove chemical weapons from the war-torn country and suggest chemical warfare could persist after the removal operation has finished.

  • April 22- Harley-Davidson Inc shares surged nearly 9 percent on Tuesday after the iconic U.S. motorcycle maker posted a better-`than-expected quarterly profit, lifted by strong international demand.

  • UPDATE 6-Oil falls on rising supplies, Ukraine supports Tuesday, 22 Apr 2014 | 11:35 AM ET

    *Ukraine crisis lends support to Brent. U.S. crude fell $1.9 percent to $102.45 a barrel by 11:10 a.m. EDT while Brent crude was down 98 cents to $108.96 a barrel.

  • Omnicom, Interpublic post improved 1Q results Tuesday, 22 Apr 2014 | 10:54 AM ET

    NEW YORK— Marketing and advertising companies Omnicom and Interpublic reported better-than-expected revenue for the first quarter Tuesday, thanks to stronger demand in the U.S. and in some international markets. Omnicom's earnings edged higher than a year ago while Interpublic reported a smaller loss.

  • April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established U.S. restaurants.

  • *Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil fell towards $109 a barrel and the U.S. benchmark saw a sharper decline on Tuesday on forecasts of rising crude stocks as a faltering pact to ease tensions in Ukraine offered some support.

  • WASHINGTON, April 22- Lockheed Martin Corp, the Pentagon's largest supplier, on Tuesday reported a 23 percent jump in operating profit and earnings per share in the first quarter, and raised its earnings per share outlook for the full year by 25 cents.

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Wednesday, 23 Apr 2014 | 7:33 AM ET

J. Michael Pearson, Valeant Pharmaceuticals chairman & CEO, explains why he decided to pursue Allergan and shares his R&D business model, with CNBC's Kate Kelly. This year we are launching 19 products in the United States, says Pearson.

Wednesday, 23 Apr 2014 | 6:13 AM ET

Chris Caso, Susquehanna Financial Group analyst, shares his outlook on Apple in the second half. Apple needs to show shareholders the next new thing, says Caso.

Wednesday, 23 Apr 2014 | 4:10 AM ET

Fraser Howie, director at Newedge Singapore, says the PMI data reveals China is "in a bit of a rut" and that the government has a "horrible problem" as it can't bring out too much stimulus.