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  • Apollo Education profit plunges 66% Thursday, 8 Jan 2015 | 12:46 PM ET

    For-profit education provider Apollo Education's profit plunged nearly 66 percent as student enrollments fell.

  • SAO PAULO, Jan 8- Brazil's government will limit spending to save up to 1.9 billion reais a month until Congress approves this year's budget, the planning ministry said on Thursday, in the latest austerity measure to improve its finances. President Dilma Rousseff issued a decree to limit discretionary spending to 1/ 18 of its proposed budget for 2015, reducing...

  • WASHINGTON, Jan 8- U.S. Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. The Republican-led Senate Energy Committee approved the measure on a 13-9 vote, sending it to the full Senate for...

  • Constellation Brands lifts profit forecast Thursday, 8 Jan 2015 | 12:40 PM ET

    Constellation Brands raised its full-year earnings forecast after reporting higher-than-expected quarterly sales and profit.

  • WASHINGTON, Jan 8- U.S. House of Representatives Speaker John Boehner said on Thursday he doubted there were enough votes in the new Republican-majority Congress to raise gasoline taxes. Boehner said that when the Democrats controlled Congress, they could not find the votes to raise the gas tax, adding that "it's doubtful the votes are here to raise the gas tax...

  • WASHINGTON, Jan 8- Facing tight budgets and a shrinking military, the United States said on Thursday it was ending operations at an air base in Britain and handing it and 14 other sites in Europe back to their home governments. In the biggest one, the Pentagon said it would leave RAF Mildenhall northeast of London, home to tanker, reconnaissance and special...

  • Global Payments tops Street 2Q forecasts Thursday, 8 Jan 2015 | 12:33 PM ET

    Global Payments on Thursday reported fiscal second-quarter earnings increased by 1 percent to $74.8 million.

  • WASHINGTON, Jan 8- Honda Motor Co has agreed to pay $70 million to the U.S. government in penalties for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation officials said on Thursday. In November, Honda revealed that it had failed to report 1,729 cases involving deaths or injuries between July 2003 and June...

  • Jan 8- U.S. teen apparel retailers American Eagle Outfitters Inc and Aeropostale Inc said business in the holiday shopping quarter was better than they had expected as margins improved due to fewer discounts. American Eagle raised its fourth-quarter profit forecast and Aeropostale said it expected a smaller loss for the same period. Aeropostale's shares...

  • Discounting nearly halves Family Dollar 1Q profit Thursday, 8 Jan 2015 | 12:21 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Family Dollar Stores, the target of two rival U.S. dollar store chains, reported a 47 percent drop in profit as margins fell due to big discounting.

  • Jan 8- Activist-investor Starboard Value LP has reiterated that Yahoo Inc should consider a merger with AOL Inc and cut costs to improve profits, spurred by media reports that Yahoo is exploring other large-scale acquisitions. Starboard, in September, urged Yahoo to consider merging with AOL on the grounds that a deal could create up to $1 billion in "synergies"...

  • *Cuts 2015 dividend to 0.20 euros per share. MADRID, Jan 8- Santander's new chief Ana Botin continued her shake-up of the Spanish lender on Thursday with plans to boost its capital with a 7.5 billion euro share sale and a cut to its dividends. Santander has weathered a deep economic crisis at home in recent years, helped by revenue from key overseas markets such as...

  • LONDON, Jan 8- Global equity markets surged and the dollar hit a nine-year high on Thursday, lifted by the Federal Reserve's confidence in the U.S. economy and hopes of aggressive new stimulus in Europe. Stocks on Wall Street rose about 1.7 percent and in Europe equities jumped close to 3 percent as investors' set aside fears from a few days ago that the collapse in...

  • LONDON, Jan 8- Tesco will slash costs and sell assets to fund lower prices and mend its finances, Britain's biggest retailer said on Thursday, as its new boss set out his plan to fight back from years of market share losses and an accounting scandal. Dave Lewis, poached from Unilever to rescue Tesco from the biggest crisis in its 96- year history, said on Thursday he...

  • BUENOS AIRES, Jan 8- Argentine growers hoarding soybeans to protect themselves from inflation are hurting both state and farm income in the world's No. 3 exporter of the oilseed, a top government official said on Thursday. "Farm groups have opportunistically begun speculating against the government by advising growers to hoard grains at the same time that...

  • Jan 8- Infinity Pharmaceuticals Inc said it would stop testing its lead drug as a treatment for rheumatoid arthritis after it failed a study, the second failure for the drug in four months. Infinity Pharma said duvelisib, being developed with AbbVie Inc in oncology, will still be tested to treat various types of blood cancer. Rheumatoid arthritis, which affects...

  • U.S. House Speaker Boehner douses gas tax hopes Thursday, 8 Jan 2015 | 11:52 AM ET

    WASHINGTON, Jan 8- U.S. House of Representatives Speaker John Boehner said on Thursday he has never voted for an increase in the gas tax and doubted there were enough votes in Congress to pass a hike. "I've never voted to raise the gas tax," the Ohio Republican said. Boehner also said lawmakers will have to "work our way through" funding for a federal highway bill.

  • NEW YORK, Jan 8- Negative economic reports from Europe and positive U.S. data pushed the euro to a fresh nine-year low on Thursday for a fifth day of losses as diverging monetary policies continued to bolster the greenback. The European Central Bank meets on Jan. 22 when investors expect it to finally launch a program of government bond buying with new money, a...

  • ECB risks undermining QE if it opts for compromise plan Thursday, 8 Jan 2015 | 11:39 AM ET

    LONDON, Jan 8- The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise. President Mario Draghi may announce an ECB programme of buying government bonds, using newly printed money intended to flood the wider...

  • Tesco store closures herald broader property overhaul Thursday, 8 Jan 2015 | 11:37 AM ET

    *43 stores set to close, many of them small Express format. LONDON/ BERLIN, Jan 8- Tesco's announcement on Thursday that it will close 43 stores and cancel another 49 developments is just the start of a review of a huge property portfolio that is out of tune with modern shopping habits. They have to accept that shopping habits have permanently changed, "said Planet...