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*2nd- qtr EPS $1.23 vs $1.28 Wall Street forecast. Jan 23- Upscale leather-goods maker and retailer Coach Inc on Wednesday reported holiday quarter revenue below Wall Street forecasts as a tough economy and stiff competition in the women's handbags segment hurt sales in North America.
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LONDON, Jan 23- Leading British business figures warned Prime Minister David Cameron on Wednesday that his plan for an in-out referendum on the European Union membership was a risky gamble that could damage the economy and throttle foreign investment.
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Jan 23- Rare earth producer Molycorp Inc warned of significantly lower revenue and cash flow for the first half of the year and said it might have a cash shortfall of about $250 million for the year, sending its shares down more than 10 percent premarket.
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*Sugar weighed by prospect of larger Brazil cane crop. LONDON, Jan 23- Raw sugar futures on ICE fell to the lowest level in around 2-1/ 2 years on Wednesday as the prospect of a large cane crop in top producer Brazil heightened concerns about excess supplies while arabica coffee and cocoa edged higher.
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Jan 23- Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.
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LONDON, Jan 23- Algeria's swift use of lethal force against Islamist fighters who seized one of its main gas fields raised concerns in the West but came as no surprise at home and showed clearly how the government would respond to future jihadist attacks.
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BRASILIA, Jan 23- Brazilian Finance Minister Guido Mantega does not want to reduce a key government savings goal this year, two administration sources told Reuters, highlighting the nation's dilemma over how to relax strict fiscal rules without triggering spending pressures.
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Jan 23- Abbott Laboratories Inc, which spun off its branded prescription drugs business earlier this month, on Wednesday forecast 2013 earnings above Wall Street expectations.
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*MSCI World index flat as corporate earnings eyed. LONDON, Jan 23- World shares hovered near 20- month highs on Wednesday, supported by some upbeat corporate earnings, an easing of fears about the U.S. debt ceiling and a better outlook for the global economy.
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Net income at the world's biggest restaurant chain rose to $1.40 billion, or $1.38 per share, from $1.38 billion, or $1.33 per share, a year earlier.
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Jan 23- US Airways Group Inc, which has pushed hard for a merger with bankrupt AMR Corp's American Airlines, on Wednesday reported a rise in quarterly profit as higher revenue offset cost increases.
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Jan 23- Societe Generale upgraded IBM Corp's stock to "hold" From "sell", saying the world's largest technology services company would be able to increase revenue as technology spending improves in the second half of 2012, especially in Europe. It closed at $196.06 on the New York Stock Exchange on Tuesday.
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*Apple results due after market closes along with Netflix. Tech shares will be in focus with earnings due from tech heavyweight Apple and following strong results from both IBM and Google, which rallied in premarket trading and continued the string of major companies outperforming following results.
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LONDON, Jan 23- Anglo-Dutch consumer goods company Unilever Plc/ NV's share price hit an all-time high on Wednesday as growth beat expectations, propelled by strong sales of its haircare products and soaps in emerging markets.
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Jan 23- Abbott Laboratories Inc, which spun off its branded prescription drugs earlier this month, on Wednesday forecast 2013 earnings above Wall Street expectations. The company said it expects earnings for the full year, excluding special items, of $1.98 to $2.04 per share. Analysts, on average, have forecast $1.95, according to Thomson Reuters I/B/E/S.
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*2nd- qtr EPS $1.23 vs $1.28 Wall Street forecast. Jan 23- Upscale leather-goods maker and retailer Coach Inc on Wednesday reported holiday quarter revenue below Wall Street forecasts as a tough economy and stiff competition in the women's handbags segment hurt sales in North America.
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LONDON, Jan 23- The yen pushed higher against the dollar on Wednesday, extending gains from the previous day, when monetary easing from Bank of Japan fell short of some expectations for an immediate and more forceful action.
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Jan 23- Rare earth producer Molycorp Inc expects significantly lower-than-estimated revenue and cash flow for the first half of 2013 and said it might have a cash shortfall of about $250 million for the year.
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BERLIN/ PARIS, Jan 23- Britain's European partners told David Cameron on Wednesday his demand for radical reform of the EU and an "in-out" referendum on UK membership showed a selfish and ignorant attitude.
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Jan 23- United Technologies Corp reported a 26 percent decline in profit, reflecting large restructuring charges at the end of a year that saw the company close its largest-ever acquisition and sell several small units.
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