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  • On Thursday, Southwest Airlines estimated it would save $1.7 billion on fuel in 2015. Delta Air Lines tallied its 2015 savings at more than $2 billion, while fuel price forecasts from United Airlines and Alaska Airlines promised similar cost reductions. Southwest's stock surged more than 8 percent. The carriers said they had already dipped into savings to...

  • RadioShack gets another delisting warning from the NYSE Thursday, 22 Jan 2015 | 6:39 PM ET

    Jan 22- RadioShack Corp said the New York Stock Exchange had issued a fresh warning that it could delist the struggling electronics retailer as its average market capitalization had stayed below $50 million for more than 30 consecutive days. RadioShack, which is expected to file for bankruptcy by next month, received the notice on Jan. 15 and has 45 days from then...

  • HAVANA, Jan 22- The United States and Cuba moved closer to restoring diplomatic relations on Thursday with historic, high-level talks, but the Americans noted the two sides must overcome more than 50 years of mistrust to normalize trade and travel. Assistant Secretary of State Roberta Jacobson, who led the American delegation, said re-establishing diplomatic...

  • Jan 22- Starbucks Corp on Thursday said traffic to its Americas- region stores perked up during the holiday quarter, easing investor jitters about slower growth and boosting shares over 4 percent in after-hours trading. The world's biggest coffee chain also announced that director Kevin Johnson would become Starbucks president and chief operating officer,...

  • The 29- year-old Standard Chartered economist predicted the Bank of Canada would cut its key interest rate by 50 basis points in March, alone among veteran market watchers who saw no rate move for the full year. "Some analysts may have been drinking from the forward guidance fountain a bit too much," he said from Standard Chartered's New York office where he moved...

  • TORONTO, Jan 22- A Canadian Supreme Court ruling on Thursday about a tiny landfill deal in British Columbia is set to make it a lot harder for Canada's competition watchdog to challenge potentially anti-competitive deals between companies, lawyers said. The ruling by Canada's top court foiled the Competition Bureau's bid to unwind privately-held Tervita's...

  • SEOUL, Jan 23- South Korea's economic growth more than halved to 0.4 percent in the final quarter of 2014 on sequential terms from 0.9 percent in the third quarter as construction spending plunged, central bank estimates showed on Friday. The seasonally adjusted growth in gross domestic product matched the worst pace in almost six years and came exactly in line...

  • NEW YORK, Jan 22- A U.S. judge on Thursday threw out the guilty pleas of four men accused of illegally dealing in shares ahead of an IBM Corp acquisition, the first decision in response to a landmark appellate ruling curtailing prosecutors' ability to bring certain insider trading cases. In the IBM case, prosecutors said a worker at IBM's law firm told former Royal...

  • Jan 22- Discount brokerage E* Trade Financial Corp's fourth-quarter 2014 profit fell 29.3 percent as it booked a pretax loss of $59 million on retiring corporate debt. The company's net income fell to $41 million, or 14 cents per share, for the three months ended Dec. 31, from $58 million, or 20 cents per share, a year earlier. In the first quarter, E* Trade Securities will...

  • *China manufacturing PMI next in focus. SYDNEY, Jan 23- The euro wallowed at 11- year lows early on Friday after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. The common currency tumbled to $1.1316 as the market took in news that the ECB would...

  • NEW YORK, Jan 22- Starbucks Corp has fixed the price it will pay for most of its coffee beans this year after going on a buying spree late last year when prices were under pressure, Chief Financial Officer Scott Maw said on Thursday. Maw said Starbucks has now fixed prices on 94 percent of its coffee needs for 2015 after buying a "significant" amount of coffee in the last...

  • WASHINGTON, Jan 22- Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. The European Central Bank's decision on Thursday to pump 60 billion euros a month into the...

  • Starbucks shares up after the bell following results. NEW YORK, Jan 22- The S&P 500 and Nasdaq turned positive for the year as U.S. stocks rallied on Thursday on the back of a larger than anticipated stimulus from the European Central Bank. The choppiness seen early during the Wall Street session was due to some lingering questions about the effect of the announced...

  • TRIPOLI, Jan 22- The United Nations on Thursday condemned a reported attack on an office of Libya's central bank in the eastern city of Benghazi, calling for an inquiry into the incident that has complicated talks between the country's warring parties. The U.N. last week brought together in Geneva some of Libya's rival factions in an attempt to negotiate an end to...

  • Jan 22- DreamWorks Animation SKG Inc will cut about 500 jobs, more than a fifth of its workforce, and produce one fewer movie a year as part of a major restructuring after a string of box-office misses. Most of this charge will be incurred in the quarter ended Dec. 31 and the remainder by 2016. DreamWorks, which had about 2,200 employees as of Dec. 31, 2013, expects to...

  • Jan 22- Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc, which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc.. On Thursday, Family Dollar shareholders approved a cash-and-stock deal to be bought by Dollar Tree for $8.5 billion,...

  • FREETOWN, Jan 22- Sierra Leone's President Ernest Bai Koroma on Thursday removed Ebola district quarantine measures intended to curb the spread of the disease, declaring "victory is in sight" after a sharp drop in transmission. Since the worst outbreak on record began in West Africa over a year ago, Sierra Leone has recorded more than 10,340 cases, making it the...

  • Jan 22- JPMorgan Chase& Co's Jamie Dimon's compensation in 2014 stayed unchanged at $20 million, but the chief executive officer got a cash bonus, something he was not awarded in 2013.. JPMorgan is the biggest U.S. bank, with $2.6 trillion in assets. Two year ago, Dimon's pay was cut in half to $11.5 million for 2012, which was the year JPMorgan traders handling company...

  • Jan 22- Starbucks Corp on Thursday said director Kevin Johnson would become its president and chief operating officer on March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Johnson, 54, has been a Starbucks board member since 2009. He was the chief executive of Juniper Networks Inc from...

  • *ECB's QE plan worth more than 1 trillion euros. NEW YORK, Jan 22- Wall Street jumped 1.5 percent and European shares climbed to a seven-year high on Thursday as world markets cheered the European Central Bank's new stimulus program, worth more than 1 trillion euros, while the euro slipped to an 11- year low. "It's likely to impact yields everywhere," said Aaron Kohli, an...