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  • McDonald's quarterly sales fall 7 pct Friday, 23 Jan 2015 | 8:09 AM ET

    Jan 23- McDonald's Corp, the world's biggest restaurant chain, reported a 7.3 percent fall in quarterly sales as it struggled to recover from a food scandal in China and battled tough competition in the United States. The company's net income fell to $1.1 billion, or $1.13 per share, in the fourth quarter ended Dec. 31 from $1.40 billion, or $1.40 per share, a year...

  • LONDON, Jan 23- Foreign exchange volumes on currency platforms run by Thomson Reuters rose by 9 percent year-on-year in December to $350 billion, as a drop in oil prices and expectations of further easing by the European Central Bank underpinned activity. Data from Thomson Reuters showed that average spot daily volumes in December slipped to $106 billion, from...

  • NEW YORK, Jan 23- Joe and Debbie Valerio, a couple in their 60 s, put their Westport, Connecticut, home of more than 20 years on the market because it was getting too big for them. That set off a chain reaction allowing Peter and Leah Baiocco, a couple in their 30 s, the ability to trade up. After renting it out for nearly a year, the Baioccos' starter house in Fairfield,...

  • DAVOS, Switzerland, Jan 23- The European Central Bank is doing a good job but there is a risk that some countries misinterpet its decision to launch a massive bond-buying program and relax on the economic reform front, German Finance Minister Wolfgang Schaeuble said. "Monetary policy is up to the ECB and they are doing their job very well, Schaeuble said on Friday at...

  • Jan 23- Honeywell International Inc reported a better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and airconditioning equipment. Sales in Honeywell's automation and control business increased 2.8 percent to $3.85 billion. Net income attributable to...

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • SAN CRISTOBAL/ CARACAS, Jan 23- Robbers and looters are targeting trucks carrying food across Venezuela in another sign of worsening shortages that have turned basics like flour and chicken into coveted booty. Crime has long plagued shops and roads in Venezuela, which has one of the world's highest murder rates. Armed National Guard troops have been deployed to...

  • Jan 23- Personal care products maker Kimberly-Clark Corp reported a 1.4 percent fall in quarterly sales, hurt by weak demand for its core products such as Kleenex tissues and Huggies diapers in North America. Net loss attributable to the company was $83 million, or 22 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $539 million, or $1.40...

  • Jan 23- General Electric Co's quarterly earnings topped Wall Street's estimate on Friday as its business of selling power-generating turbines drove a 9 percent increase in industrial profit despite weak sales in its oil and gas unit. The U.S. conglomerate said its fourth-quarter net income rose 61 percent to $5.15 billion, or 51 cents per share, from a year...

  • LONDON, Jan 23- The first batch of GlaxoSmithKline's experimental Ebola vaccine has been dispatched to West Africa and is expected to arrive in Liberia later on Friday, the British drugmaker said. The World Health Organization said on Thursday the Ebola outbreak in West Africa, the worst in history, appears to be waning but cautioned against complacency.

  • *Disease outbreaks high on Davos agenda after Ebola. DAVOS, Switzerland, Jan 23- The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging diseases. Risks posed by pandemic threats such as deadly...

  • *UK retail sales rise unexpectedly in December. LONDON, Jan 23- British retail sales unexpectedly rose in December as shoppers flocked to supermarkets and bought more fuel as oil prices fell, providing a boost for the country's economic recovery that has shown signs of softening. Britain needs consumers to keep spending as manufacturing growth has weakened...

  • Honeywell's profit rises due to lower tax bill Friday, 23 Jan 2015 | 7:17 AM ET

    Jan 23- Honeywell International Inc, a maker of cockpit electronics and climate control systems, reported a 1 percent rise in quarterly profit mainly due to a lower tax bill. Net income attributable to Honeywell rose to $956 million, or $1.20 per share, in the fourth quarter ended Dec. 31 from $947 million, or $1.19 per share, a year earlier. Total revenue fell 1.1...

  • BRASILIA, Jan 23- Brazil's inflation rate spiked to its highest in more than three years in mid-January as local and federal authorities raised electricity tariffs and bus fares to balance government finances, statistics agency IBGE said on Friday. Key producing regions in Brazil, the world's largest exporter of coffee, sugar, soy and beef, have received much...

  • FLORENCE, Italy, Jan 23- The European Central Bank's bond-buying program must not be used as a justification by euro zone governments to slacken economic reforms, German Chancellor Angela Merkel said on Friday. "I don't have the impression that the decision by the European Central Bank could lead to Italy saying' we don't need to reform anymore'.

  • *Was subject of al Qaeda assassination bid. RIYADH, Jan 23- Saudi Arabia's Interior Minister, Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. By sending an assassin to try to kill Prince Mohammed when he was Saudi security chief in...

  • *GE shares edge up after results, Starbucks rallies. NEW YORK, Jan 23- U.S. stock index futures edged up on Friday, following a sharp rally in the previous session that returned the S&P 500 and Nasdaq to positive territory for the year and put major indexes on track to break a three-week streak of declines. *Thursday's advance came after the European Central Bank...

  • DAVOS, Switzerland, Jan 23- Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn't worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland. China should pay attention to the quality of the economy, "he said in a question-and-answer session at the World Economic Forum.

  • The European Commission has sought to boost EU capacity to switch pipelines to allow deliveries to Ukraine especially from Slovakia as part of efforts to create a stronger energy union in the region. Ukraine has increasingly looked to the EU to help shore up its gas supplies after years of pricing spats with main supplier Russia, which last year cut off flows to...

  • LONDON, Jan 23- Greek shares led euro zone stock markets higher on Friday, boosted before Sunday's pivotal elections by the European Central Bank's decision to buy government bonds. The bond-buying scheme helped Greece's ATG share index rise 5.2 percent, with Attica Bank, National Bank of Greece and Piraeus Bank up between 11.6 percent and 8.8 percent.