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  • Loblaw beats 4Q profit forecasts Thursday, 26 Feb 2015 | 7:28 AM ET

    BRAMPTON, Ontario _ Loblaw Cos. on Thursday reported fourth-quarter profit of $212.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Loblaw shares have risen 3.5 percent since the beginning of the year.

  • MEXICO CITY, Feb 23- Mexico has reached deals totaling around $300 million with two multinational companies following a probe into possible tax avoidance, the head of Mexico's tax authority said on Monday. In September, Reuters revealed that two companies at the heart of the probe were world No. 2 toymaker Hasbro Inc and No. 1 household product maker Procter&...

  • BOSTON, Feb 13- A massive effective devaluation of Venezuela's bolivar currency will likely badly dent 2015 earnings at a swath of major U.S. companies. Currently those assets are valued based on the main official rate of 6.3 bolivars to the dollar, or a second rate at 12 bolivars. Some companies, such as diapers and tissue maker Kimberly-Clark Corp, had recently...

  • CARACAS, Feb 13- Venezuelans puzzled over the impact of a complicated currency devaluation and fretted that dire product shortages in the OPEC nation's recession-hit economy would not go away. President Nicolas Maduro's socialist government this week launched a 70 percent devaluation via a new "free floating" currency system known as Simadi, the third of...

  • RIO DE JANEIRO, Feb 11- Retail sales in Brazil declined at the sharpest pace on record in December, capping their weakest year since 2003, brought lower by a disappointing Christmas shopping season. Weak consumption is one of the clearest signs of the malaise hanging over Brazil's economy. Consumer goods companies from cosmetics maker Natura SA to apparel...

  • Feb 10- Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, according to people familiar with the matter. The Harrisburg, Pennsylvania- based company, which is owned by Chief Executive Officer Mark Butler and private equity firm CCMP Capital Advisors LLC, is working...

  • Ethiopia wants manufacturers and exporters. ADDIS ABABA, Feb 8- Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia's industrial rise. Brought to its knees by "Red Terror" communist purges in the 1970 s...

  • FRANKFURT, Feb 6- German e-commerce group Rocket Internet has splashed out hundreds of millions of euros to increase its stakes in two grocery and food delivery companies, in what it said was a move towards creating the biggest delivery network outside China. It was also making acquisitions of delivery firms Pizzabo in Italy and La Nevera Roja in Spain, all of...

  • *Trade deficit widens to $46.6 billion in December. WASHINGTON, Feb 5- The U.S. trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports, which could see the fourth-quarter economic growth estimate revised lower. The Commerce Department said on Thursday the trade deficit...

  • BERLIN, Feb 5- German industrial orders surged far more than forecast in December, recovering from a sharp fall the previous month and hitting their highest level since April 2008, which should help Europe's largest economy to gain steam in early 2015.. Bookings for goods made in Germany climbed by 4.2 percent, according to data from the Economy Ministry on...

  • Feb 2- At least 40 major U.S. companies have substantial exposure to Venezuela's deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows. The companies, all members of the S&P 500, and including some of the biggest names in Corporate America such as autos giant General Motors and drug maker...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said it no longer expects sales and core earnings growth this year, joining a host of companies in blaming a strong dollar for disappointing results and outlooks. P&G, which derives roughly two-thirds of revenue outside the United States, also reported lower-than-expected quarterly...

  • WASHINGTON, Jan 27- A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling oil prices were weighing on the economy. "The drop in will weigh on growth, though stronger consumer spending should keep GDP from slowing too much," said Chris Low, chief economist at FTN Financial in New...

  • *Caterpillar, Microsoft shares slide after results. NEW YORK, Jan 27- U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell nearly 9 percent to $42.93 the day after the Dow component reported results.

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • *Caterpillar, Microsoft shares slide after results. NEW YORK, Jan 27- U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell 10 percent to $42.27 the day after the Dow component reported results.

  • *Caterpillar, Microsoft shares slide after results. NEW YORK, Jan 27- U.S. stocks were set to open sharply lower on Tuesday, with Microsoft and Caterpillar shares down more than 8 percent each after posting earnings, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell 8.4 percent in premarket trading the day after the Dow...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading. Procter& Gamble Co said the exchange rates would reduce full-year sales by 5 percent and profit by 12 percent. Net profit attributable to the company fell...

  • *Caterpillar shares slide as low oil prices hurt profit. *Microsoft shares tumble a day after results. NEW YORK, Jan 27- U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of sector bellwethers Microsoft and Caterpillar.

  • *Pfizer's outlook disappoints, stock slips. *Microsoft shares tumble a day after results. NEW YORK, Jan 27- U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of Microsoft, while concerns lingered over Greece's new anti-bailout government and its implications for the euro zone.