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  • Jan 27- Medical device maker Abiomed Inc raised its full-year revenue forecast and said the U.S. Food and Drug Administration had approved its heart pump, sending its stock nearly 32 percent in extended trading. Abiomed's heart pump, Impella RP, helps blood circulation for up to 14 days in patients who develop acute right heart failure following implantation,...

  • Jan 27- Virtualization software maker VMware Inc's adjusted profit beat the average analyst estimate for the eighth straight quarter due to strong demand for its products that help cut the cost of moving data to the cloud. VMware, like rival Citrix Systems Inc, makes software that enables the creation of a virtual machine that act like a real computer with an...

  • Brent crude oil has slid nearly 60 percent since June on ample global supplies and OPEC's decision to keep its production ceiling unchanged. OPEC's largest producer, Saudi Arabia in November refused to cut its output to arrest the price slide and decided instead to focus on market share. Falih said the imbalance in the oil market had nothing to do with Saudi...

  • Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of...

  • Jan 27- Canadian business-software maker Open Text Corp's quarterly revenue fell short of market expectations, hit by a strong U.S. dollar and weaker-than-expected revenue from its emerging markets business. U.S.-listed shares of Open Text, whose software helps companies manage documents and workflows, fell 11 percent in extended trading on Tuesday.

  • WASHINGTON, Jan 27- U.S. states for years have asked Congress for federal legislation easing the way for them to collect sales taxes on Internet purchases, but now that a bill has been drafted, state lawmakers are resisting. The National Conference of State Legislatures on Tuesday released a letter it sent to House of Representatives Speaker John Boehner on...

  • *Apple bucks the trend by beating estimates, shares jump. SYDNEY, Jan 28- Asian stock markets followed Wall Street into the red early on Wednesday, while the euro managed a rare rally on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the session. Apple Inc provided some relief after the bell as record sales of its...

  • UPDATE 1-UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 6:33 PM ET

    Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of $30 million...

  • Jan 27- Electronic Arts Inc, publisher of the "FIFA" and "Madden NFL" video games, posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles. Consumers lapped up heavily discounted older generation version of consoles such as Microsoft's Xbox 360 and Sony's PlayStation 3 in the holiday...

  • Jan 27- Network gear maker Juniper Networks Inc reported a better-than-expected adjusted quarterly profit as cost-cutting paid off, sending its shares up 4.4 pct in after-hours trading. Two of the company's largest customers, AT&T Inc and Sprint Corp, are taking time to decide whether to upgrade wired networks or shift to 4 G. Including the goodwill impairment...

  • NEW YORK, Jan 27- U.S. regulators have given the go-ahead for Argentina's biofuel makers to qualify for U.S. biofuel credits, potentially making it more attractive for South American exporters to sell into the U.S. market and potentially pressuring local prices. In a statement on Tuesday, the Environmental Protection Agency said it has approved a request from...

  • Trade Representative says Congress should pass fast-track. *Senate committee chair warns no Pacific pact before fast-track. WASHINGTON, Jan 27- The top U.S. trade official told lawmakers on Tuesday an ambitious Pacific trade pact could be wrapped up within months as he urged Congress to back the administration's trade agenda.

  • Jan 27- Medical device maker Abiomed Inc raised its full-year revenue forecast and said it had received U.S. approval for its heart pump, sending its stock soaring 24 percent after-hours. Abiomed raised its revenue estimate for the year ending March 31 to $223- $226 million from $209- $212 million. The company said the U.S. Food and Drug Administration had approved...

  • SAN FRANCISCO, Jan 27- Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion. Shareholders feel that Yahoo and its stake in Alibaba would be worth more separately, so long as the Alibaba shares are not subject to the...

  • SAN FRANCISCO, Jan 27- AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate. The second-largest U.S. wireless carrier posted a net loss of $4 billion, or 77 cents per share, in the fourth quarter, compared with...

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • President Barack Obama met with Saudi Arabia's King Salman on Tuesday to pay respects to the late King Abdullah and bolster a relationship that now stretches well beyond oil interests to security cooperation across the volatile Gulf Arab region. Saudi Arabia, the Middle East's top Sunni power, has been anxious over the possibility that the talks would lead to...

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. "A tentative agreement was reached on the chassis topic, and we are hopeful that this will allow us to move...

  • UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 5:31 PM ET

    Jan 27- Logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs. The company said it expected to cut jobs worldwide, but gave no details on numbers. The restructuring will result in $30 million to $40 million in annual savings, UTi said.

  • Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China, although the United States remained the top iPhone market. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China...