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  • WASHINGTON, Feb 10- The head of the International Monetary Fund said on Wednesday that she had been reassured by Ukraine's president that he was committed to following a reform path to keep the nation's $17.5 billion bailout on track.

  • SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit, a move that comes as the company is under intense pressure to lower costs to compete with rival Airbus. The decision was announced by Boeing Commercial Airplanes Chief Executive Ray Conner in an employee webcast after the company, the world's biggest aircraft maker, saw...

  • 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...

  • The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Elon Musk- led Tesla said its long-promised moderately priced car, the Model 3, would be unveiled on March 31. Tesla's net loss, however, nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or...

  • The weak results will stoke investor concerns over the company's stalling growth and the effectiveness of Chief Executive Jack Dorsey's turnaround strategy. 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 Thomson Reuters I/B/E/S.

  • Feb 10- Generic drugmaker Mylan NV said it would buy Sweden's Meda AB in a deal valued at $9.9 billion, including debt. Net income attributable to shareholders rose to $194.6 million, or 38 cents per share, from $192.8 million, or 47 cents per share. On a per-share basis, profit fell to 38 cents per share from 47 cents per share a year earlier due to an increase in the...

  • NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by Knoedler's lawyer, resolved the remaining claims in a closely watched trial in Manhattan...

  • MEXICO CITY, Feb 10- The Mexican peso hit a record low on a slump in oil prices on Wednesday while Latin American stock markets rose after the Federal Reserve chief said the United States would stick to its plan of "gradual" interest rate hikes. The comments from Fed Chair Janet Yellen eased concerns about the U.S. economy, the world's largest, rallying stock markets...

  • NEW YORK, Feb 10- New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. The request, unusual for a sitting governor, came 3-1/ 2 months after Cleveland- based KeyCorp announced plans to...

  • SAN FRANCISCO, Feb 10- Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts. The layoffs take effect April 11 and affected employees received 60- day advance notice of the move, Yahoo said in a notice filed with the California Employment Development Department. Yahoo had about 11,000 employees...

  • Feb 10- Twitter Inc's average monthly active users stalled in the fourth quarter- the first flat quarter sequentially since the company listed in 2013.. Twitter said in a filing it had 320 million average monthly active users in the quarter, in line with the third quarter and lagging a forecast for 323 million users from RBC Capital Markets.

  • Feb 10- Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program. Cisco boosted its current share buyback plan of $97 billion, of which $16.9 billion was remaining, by $15 billion. Net income rose to $3.1 billion, or...

  • NEW YORK, Feb 10- New York City's fiscal watchdog said the city faces much bigger budget deficits in coming years than the mayor has forecast and warned state lawmakers about treating the city like a "piggy bank." The state, like the city, is finalizing its budget and will soon make decisions affecting New York City. New York State Governor Andrew Cuomo has had a tense...

  • SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit as part of an ongoing effort to reduce costs. The company, the world's biggest aircraft maker, said it would begin making cuts with managers and executives in the unit, which is the biggest part of the company's operations. The extent of job reductions was not clear.

  • Feb 10- Expedia Inc on Wednesday posted a fourth-quarter profit below analysts' estimates, in part due to a drop in demand to travel to European cities after the Nov. 13 Paris attacks. Expedia, the world's largest online travel services company by bookings, lost $13 million in the quarter in part from closing its $3.9 billion purchase of vacation rental site...

  • Feb 10- Tesla Motors Inc reported a quarterly loss for the eleventh straight quarter as higher sales of its Model S sedans failed to offset rising costs. The Silicon Valley electric car maker, controlled by Elon Musk, said net loss nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or 86 cents per share, a year...

  • NEW YORK, Feb 10- U.S. crude prices fell 2 percent on Wednesday after stockpiles at the main U.S. delivery point hit record highs, while Brent rose for the first time in five days after Russia suggested oil producers cut output by a million barrels each. The Cushing build eclipsed a more bullish number from the EIA showing total U.S. crude stockpiles down for the first...

  • Feb 10- Network equipment maker Cisco Systems Inc reported a 2 percent increase in quarterly revenue, and said it would add $15 billion to its share buyback program. Net income rose to $3.1 billion, or 62 cents per share, in the second quarter ended Jan 23, from $2.40 billion, or 46 cents per share, a year earlier. Revenue rose to $11.8 billion from $11.6 billion,...

  • Feb 10- Generic drug maker Mylan NV said it would buy Sweden's Meda AB for about $9.9 billion, including debt, in a combination of cash and stock.

  • TORONTO, Feb 10- Canada's main stock index fell on Wednesday, extending this week's losses, as lower oil prices and credit market uncertainty weighed on energy and financial stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 96.93 points, or 0.79 percent, at 12,185.72. It included a 2.7 percent drop in energy stocks, while...