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  • *Lagarde: Ukraine's president expresses reform commitment. *Kiev promised reforms under $17.5 bln IMF bailout. WASHINGTON/ KIEV, Feb 10- Ukraine's president on Thursday told the International Monetary Fund he was committed to pursuing reforms to keep Kiev's $17.5 billion IMF bailout on track, after a sharp warning from the lender that the funds were at risk.

  • TORONTO, Feb 10- Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by growth in its Canadian, Asian and asset management businesses. Net income for the quarter ended Dec. 31 was C $536 million, or 87 Canadian cents a share, compared with C $502 million, or 81 Canadian cents a share, a year ago. Profit from Asia, where Toronto- based Sun Life has...

  • WASHINGTON, Feb 10- The Pentagon on Wednesday said it expects to reach agreement with Lockheed Martin Corp in March on contracts for the next two batches of F-35 fighter jets, orders worth about a combined $15 billion that will lower the cost of each warplane to below $100 million. Air Force Lieutenant General Chris Bogdan, who runs the F-35 program for the...

  • On Wednesday Deutsche Bank, which had fallen more than 50 percent from its 2015 peaks, rose 10 percent from its Tuesday low after reports the company plans to buy back bonds. Similarly, mining shares in the FTSE 350 index, which fell as much as 60 percent since 2015 highs, recently jumped 25 percent in less than three weeks. "Rarely do those stocks that lead us down into a...

  • WASHINGTON, Feb 10- The U.S. Senate voted overwhelmingly on Wednesday for legislation broadening sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. As voting continued, the vote for the "North Korea Sanctions and Policy Enhancement Act" was 93-0....

  • Expedia lost $13 million in the fourth quarter in part from closing its purchase of vacation rental site HomeAway Inc for $3.9 billion, a move that could ramp up competition with apartment-sharing startup Airbnb. Last year marked a deal-making spree for Expedia in which it also bought Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million.

  • Tesla reported a wider fourth-quarter net loss of $2.44 a share, compared with a loss of 86 cents a share a year earlier. "You cannot bet against Elon Musk," said analyst Ivan Feinseth of Tigress Partners. Musk said Tesla would generate positive cash flow even after investing $1.5 billion to add capacity to a huge battery factory in Nevada, and start producing...

  • WASHINGTON, Feb 10- Dozens of large U.S. hedge funds are more highly leveraged than the Third Avenue junk-bond mutual fund that collapsed last year, the federal office monitoring the financial system said on Wednesday. The Office of Financial Research analyzed quarterly reports that advisers for hedge funds with at least $500 million in assets under...

  • Feb 10- Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by strength in its Canadian, Asian and asset management businesses. Net income for the quarter ended Dec. 31 was C $536 million, or 87 Canadian cents a share, compared with C $502 million, or 81 Canadian cents a share, a year ago. Analysts on average had expected earnings of 87...

  • *EIA says Cushing crude stocks hit record near 65 mln bbls. The Cushing build eclipsed a more bullish number from the EIA showing total U.S. crude stockpiles down for the first time in three weeks. "Since we are going into refinery maintenance season, and coupled with Iranian oil coming into the market, any rally will be short-lived," said Tariq Zahir, crude trader and...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • ROME, Feb 10- A top executive at Amazon.com, Diego Piacentini, is taking a two-year leave of absence to lead Italian Prime Minister Matteo Renzi's digital technology office, the company said on Wednesday. "Come to Italy and we can talk about innovation!" Only some 36 percent of Italian households are covered by so-called next-generation-access networks,...

  • TORONTO, Feb 10- Canada's main stock index fell on Wednesday, hitting a two-week low as a drop in oil prices and credit market uncertainty weighed on energy and financial stocks. The weak oil price "continues to put pressure on the index," said Youssef Zohny, a portfolio manager at StennerZohny Investment Partners. Canadian Natural Resources Ltd fell 2.7 percent to...

  • U.S. SENATE OVERWHELMINGLY PASSES LEGISLATION TO BROADEN SANCTIONS ON NORTH KOREA, HOPING TO SPUR INTERNATIONAL RESPONSE TO NUCLEAR TESTS.

  • Weak results will likely stoke investor concerns over stalled growth, which a series of initiatives since the return of Jack Dorsey to the chief executive post have failed to reverse. The microblogging service forecast first-quarter revenue of between $595 million and $610 million, well below the average analyst estimate of $627.1 million, according to...

  • NEW YORK, Feb 10- Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares. S&P 500 stock index rose as much as 1.6 percent following Federal Reserve Chair Janet Yellen's...

  • TORONTO, Feb 10- Kinross Gold Corp reported a bigger quarterly loss on Wednesday, as lower production and an ongoing slump in prices for the precious metal hurt the world's fifth-biggest producer by output. The Toronto- based miner said its fourth-quarter loss was an adjusted $68.8 million, or 6 cents a share, compared with an adjusted loss of $6 million, or 1 cent a...

  • SAN FRANCISCO, Feb 10- Marc Andreessen, a prominent venture capitalist and Facebook Inc board director, apologized on Wednesday for tweets that condemned the Indian government for banning the social media company's free Internet service. India introduced rules on Monday preventing Internet service providers from having different pricing policies for...

  • Feb 10- Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program. The buyback replaces the $2 billion repurchase program approved in 2010. The company had $763 million remaining under the previous plan.

  • Net income fell 6 percent to $157 million in the first quarter. On a per share basis, net income was flat at 46 cents per share as the company had a lower share count in the latest quarter. Analysts on average were expecting 40 cents per share, according to Thomson Reuters I/B/E/S.