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  • Feb 11- Avon Products Inc reported a bigger-than-expected drop in quarterly sales as demand for its cosmetics declined further in Latin America, its biggest market. The company's sales in Latin America fell 26 percent to $779.2 million in the fourth quarter, hurt by a slump in demand from Brazil. The company, whose sales have been falling for four years, is selling...

  • NEW YORK, Feb 11- Restaurant stocks have sat like dry toast for the last six months, but investors are now starting to nibble back into the sector. "We are getting close to an investment opportunity in restaurant stocks," said Bryant Evans, portfolio manager at Cozad Asset Management in Champaign, Illinois. Sector employment has been expanding as well; in January it...

  • Feb 11- PepsiCo Inc reported better-than-expected quarterly net revenue, as higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar. Revenue from PepsiCo's North America beverages business, which the company started breaking out from the third quarter, rose 2 percent in the fourth quarter ended Dec. 26, accounting for...

  • Feb 11- Cosmetics maker Avon Products Inc's sales fell 20.2 percent in the fourth quarter, the 16th straight quarter of decline, as demand slid further in Latin America, its biggest market. The net loss attributable to Avon widened to $333.4 million, or 76 cents per share, in the quarter ended Dec. 31 from $330.7 million, or 75 cents per share, a year earlier.

  • MOSCOW, Feb 11- Russia's central bank intends to toughen the requirements for banks involved in financial rehabilitation of other banks, the central bank's deputy governor Mikhail Sukhov said on Thursday. The central bank regularly appoints banks considered healthy to act as investors in troubled banks undergoing financial rehabilitation.

  • Feb 11- Thomson Reuters Corp said on Thursday it expects its revenue to grow by low single digits in 2016.. Adjusted for special items, fourth-quarter net earnings were 65 cents per share, compared with 43 cents per share a year ago. The news and information company said sales of its products to financial customers were up in the fourth quarter.

  • Feb 11- PepsiCo Inc reported better-than-expected quarterly net revenue, as higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar. Net income attributable to the company rose to $1.72 billion, or $1.17 per share, in the fourth quarter ended Dec. 26, from $1.31 billion, or 87 cents per share, a year earlier.

  • JOHANNESBURG, Feb 11- South African retailer Woolworths Holdings Ltd will aim to conserve cash as growth slows in its home market, Chief Executive Ian Moir said on Thursday. Woolworths, which sells upmarket food and clothing, warned rising interest rates in South Africa would further pressure consumers in Africa's most advanced economy, where it makes nearly...

  • NEW DELHI, Feb 11- Tata Motors reported on Thursday strong sales by its British Jaguar Land Rover subsidiary in Europe and North America in the last three months of last year, offsetting a drop in China, once its fastest-growing market. Retail sales by JLR, which has been rapidly expanding its model line-up and volumes with new production planned in Europe and...

  • Time, whose titles include Sports Illustrated, People and Time magazine, has been slashing costs, tapping revenue sources with higher margins and beefing up its digital offerings to cope with a relentless decline in the print industry. Digital advertising revenue jumped 17.2 percent to $102 million in the three months ended Dec. 31. The company, which was spun...

  • The feature, launched in 2014 in the United States and UK, allows travelers to book a hotel directly from the company's website instead of being directed to a third-party booking site. The company's net income fell to $3 million, or 2 cents per share, from $36 million, or 25 cents per share, a year earlier. Analysts on average had expected quarterly earnings of 33 cents...

  • LONDON, Feb 11- HSBC, Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago. The memo, in which Gulliver expresses caution on the outlook for HSBC's revenues this year, comes at a significant time, days before HSBC's board...

  • The company also raised its capital spending budget for 2016 by about 12 percent to C $202 million, partly due to a weak Canadian dollar. "There is limited visibility with few positive market signals," Precision's Chief Executive Kevin Neveu said in a statement on Thursday. The company's net loss widened to C $271 million, or 93 Canadian cents per share, in the fourth...

  • The company, which has been cutting costs in response to a more than 70 percent fall in oil prices since June 2014, said it would lower spending at its Foster Creek and Christina Lake oil sands projects in Alberta, which its operates along with ConocoPhillips. Cenovus on Thursday cut its 2016 capital spending for the second time, this time by C $200- C $300 million to C...

  • LONDON, Feb 11- Gold climbed to its highest in almost nine months on Thursday as the dollar, U.S. The Fed is unlikely to reverse its plan to increase rates further this year, but tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth will only allow gradual adjustments to monetary policy, Federal Reserve Chair Janet...

  • Feb 11- Telus Corp, one of Canada's three big telecoms providers, reported a 16 percent fall in quarterly profit, hurt by increased competition and slower demand in its wireless business. Net income fell to C $261 million, or 44 Canadian cents per share, in the fourth quarter ended Dec. 31, from C $312 million, or 51 Canadian cents per share, a year earlier.

  • The company's revenue rose to $309 million in the fourth quarter ended Dec. 31, from $288 million a year earlier. However, net income fell to $3 million, or 2 cents per share, from $36 million, or 25 cents per share in the same period of 2014.. Excluding items, TripAdvisor earned 45 cents per share.

  • Feb 11- Canadian rig contractor Precision Drilling Corp suspended its dividend payments as the company looks to boost its finances to cope with a 70 percent fall in oil prices, which has hurt demand for its onshore rigs. The company's net loss widened to C $271 million, or 93 Canadian cents per share, in the fourth quarter from C $114.0 million, or 39 Canadian cents...

  • Feb 11- Canadian oil producer Cenovus Energy Inc reported a bigger quarterly loss and also cut its dividend and 2016 capital spending budget amid a prolonged slump in oil prices. Cenovus's net loss widened to C $641 million, or 77 Canadian cents per share, in the fourth quarter ended Dec. 31, from C $472 million, or 62 Canadian cents per share, a year earlier.

  • Feb 11- Magazine publisher Time Inc reported a 2 percent fall in quarterly revenue, hurt by a stronger dollar and a fall in income from print advertisements. The company, whose titles include Sports Illustrated, People and Time magazine, said total revenue fell to $877 million in the fourth quarter ended Dec 31 from $895 million a year earlier.