DETROIT-- Tesla Motors fell more than 5 percent in early trading Tuesday, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit. Tesla's stock price had jumped 74 percent between May 8, when first-quarter earnings were announced, and May 14, when it hit a 52- week high of $97.12.» Read More
Russell Wasendorf Sr, the former CEO, has pleaded guilty to embezzlement and is in an Iowa jail awaiting sentencing this Thursday. The lawsuit by Peregrine Financial trustee Ira Bodenstein alleges yet another use for the stolen funds: to cut free from his 24- year marriage to Connie Wasendorf.
Jan 28- Canadian fertilizer company Agrium Inc will not split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because it would "destroy value" for shareholders, Chief Executive Officer Mike Wilson said on Monday.
CAIRO, Jan 28- A man was shot dead on Monday in a fifth day of violence in Egypt that has killed 50 people and prompted the Islamist president to declare a state of emergency in an attempt to end a wave of unrest sweeping the Arab world's biggest nation. Emergency rule announced by President Mohamed Mursi on Sunday covers the cities of Port Said, Ismailia and Suez.
BRUSSELS, Jan 28- Some of Europe's biggest pig producers including Germany, France and Spain face legal action over their failure to meet a Jan. 1 deadline to implement new EU animal welfare rules, EU sources said.
Jan 28- Hostess Brands Inc is close to securing initial bids for its Drake's cake business and four bread operations that could net the bankrupt bakery company more than $50 million, according to a source familiar with the matter.
WASHINGTON, Jan 28- Contracts to buy previously owned U.S. homes unexpectedly fell in December after three months of gains, an industry group said on Monday, but the housing market recovery remains intact. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, dropped 4.3 percent to 101.7.
NEW YORK, Jan 28- The euro hovered near an 11- month high against the dollar on Monday after data showed U.S. durable goods orders rose more than expected last month and on growing optimism about the euro zone economy.
LONDON, Jan 28- Rating agency Fitch scaled back the chance it will strip the United States of its AAA status on Monday, saying a recent deal on the country's debt limit removed the near-term risk of a cut.
*S&P 500 coming off eight straight sessions of gains. *Indexes: Dow up 0.1 pct, S&P 500 flat, Nasdaq up 0.2 pct. The S&P 500 is coming off a streak of eight sessions of gains, the longest winning streak for the index in eight years.
NEW YORK, Jan 28- U.S. stocks opened flat on Monday following strong durable goods data and results from Caterpillar as investors paused after a rally that took the S&P 500 above 1,500 for the first time in more than five years. The Dow Jones industrial average gained 14.97 points, or 0.11 percent, to 13,910.95.
NEW YORK, Jan 28- Prices for U.S. The Commerce Department said on Monday that non-defense capital goods orders excluding aircraft, a closely watched proxy for investment plans, edged higher by 0.2 percent where the market had expected a small drop.
MUMBAI, Jan 28- Indian private sector lender Axis Bank Ltd is selling shares to raise as much as $1 billion, two sources with direct knowledge of the matter said on Monday, in the biggest equity deal in more than a month in Asia's third-largest economy.
*Boundary Dam power plant to trap carbon from 2014. OSLO, Jan 28- A technology that holds the hope for cleaner use of coal will be tested on a commercial scale for the first time in Canada next year, aiming to resolve big uncertainties about the vast amount of power it will need.
WASHINGTON, Jan 28- Japan has agreed to ease restrictions on U.S. beef imports imposed nearly a decade ago in response to several cases of mad cow disease found in the U.S. cattle herd, U.S. officials said on Monday. "This represents a significant and historic step in expanding U.S. beef trade with Japan and growing American exports and jobs here at home," U.S.
Jan 28- Research In Motion Ltd has a gathered a number music and video partners for its BlackBerry 10 storefront, ranging from Walt Disney Co's Walt Disney Studios and Sony Corp's Sony Pictures to Vivendi SA's Universal Music Group and Warner Music Group.
Jan 28- Hostess Brands Inc is close to securing initial bids for its Drake's cakes business and four bread businesses that could net the bankrupt bakery company more than $50 million, according to a source familiar with the matter.
Wilson was speaking in New York to Agrium's sell-side analysts in an attempt to blunt Jana's move to replace part of Agrium's board and effect changes it says would increase returns to investors.
WASHINGTON, Jan 28- A gauge of U.S. business confidence improved in December, a sign that business worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012..
*Government says Paris Club deals worth $6 bln. *Japan helps it clear arrears to World Bank, ADB. In a set of deals announced on Monday, the government said it had cleared its arrears to the World Bank and Asian Development Bank and secured a huge debt write-off by creditor countries grouped in the Paris Club.
*Caterpillar higher after fourth-quarter results. *S&P 500 coming off eight straight days of gains. NEW YORK, Jan 28- U.S. stock index futures pointed to a modestly higher open on Monday following strong data and results from Caterpillar, though gains were slight after a rally that took the S&P 500 above 1,500 for the first time in more than five years.