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  • GM SAYS BOARD MUST APPROVE THE INCREASE AT ITS SECOND QUARTER MEETING.

  • GM CFO SAYS THAT DECISION IS BECAUSE OF OPEN ITEMS RELATED TO IGNITION SWITCH RECALL THAT COULD REQUIRE CASH.

  • GM CFO SAYS AFTER CLARITY ON RECALL ISSUE, IT COULD EVALUATE FURTHER RETURN TO INVESTORS AS SOON AS THE SECOND HALF OF 2015.

  • DETROIT, Feb 4- General Motors Co on Wednesday posted fourth-quarter earnings far above analysts' expectations even as recall costs hit North American profit margins. Excluding special items, the largest U.S. automaker earned $1.19 per share, compared with the analysts' average estimate of 83 cents, according to Thomson Reuters I/B/E/S. Net income rose to $1.1...

  • Feb 4- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported a better-than-expected quarterly profit, helped by lower operating expenses. Net income attributable to Motorola Solutions fell to $201 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $343 million, or $1.31 per share, a year earlier. Revenue was little...

  • PARIS, Feb 4- LVMH shares hit a record high on Wednesday after sales rose more than expected, helped by the revitalisation of the luxury group's flagship Louis Vuitton brand under star designer Nicolas Ghesquiere. By 1039 GMT, the shares were up 5.3 percent at 152.10 euros, valuing the fourth-biggest company in the French CAC 40 blue-chip index at 77.2 billion...

  • LONDON, Feb 4- GlaxoSmithKline said on Wednesday it expected to start to regain market share in respiratory medicine after weak demand for lung drug Advair again hurt fourth-quarter sales, capping a rough year for Britain's top drugmaker. GSK is also banking on an asset swap with Novartis to help revive its fortunes, and looking to unlock value by floating its...

  • Boston Scientific profit falls as litigation costs soar Wednesday, 4 Feb 2015 | 7:16 AM ET

    Feb 4- Medical device maker Boston Scientific Corp posted a 19 percent fall in fourth-quarter profit as litigation charges more than doubled. The company's net income fell to $87 million, or 6 cents per share, in the quarter ended Dec. 31 from $108 million, or 8 cents per share, a year earlier. Excluding charges for restructuring, litigation and other costs, the...

  • CAIRO, Feb 4- Saudi Arabia, Kuwait and the United Arab Emirates will deposit $10 billion in Egypt before the country holds an investment conference in March, the news website Al-Youm Al-Sabea reported. Egypt hopes the conference in the resort Sharm el-Sheik will generate ventures worth billions of dollars, helping to boost its economy, which has just started to...

  • PARIS, Feb 4- European stocks were steady on Wednesday but better-than-expected results from LVMH sparked a rally in the shares of luxury goods makers, while investors booked gains on energy shares after oil prices fell back. "Sales growth was particularly solid in the United States and Japan," Barclays France director Franklin Pichard said.

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company's net income rose to C $205 million, or C $1.52 per share, in the fourth quarter ended Dec. 31, from C $107 million, or 77 Canadian cents per share, a year earlier. Underwriting income...

  • Staples to buy Office Depot for $6.3 bln Wednesday, 4 Feb 2015 | 7:08 AM ET

    Feb 4- Staples Inc, the No. 1 U.S. office supplier, said it would buy its nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal.

  • Feb 4- U.S. health insurer Humana Inc reported a lower-than- expected fourth-quarter profit as it spent more on hepatitis C treatments and flu season expenses increased. Humana's net income rose to $145 million, or 94 cents per share, in the quarter ended Dec. 31 compared with a loss of $30 million, or 19 cents per share, a year earlier, when it set aside funds for...

  • Whirlpool profit drops due to acquisition costs Wednesday, 4 Feb 2015 | 7:06 AM ET

    CHICAGO, Feb 4- Whirlpool Corp on Wednesday posted a lower quarterly profit, hurt by costs from two recent acquisitions. The Benton Harbor, Michigan- based company reported a fourth-quarter net profit of $81 million, down more than 55 percent from $181 million a year earlier. Earnings per share fell to $1.02 from $2.26.

  • *PMIs point to Q1 euro zone growth of 0.3 pct- Markit. LONDON, Feb 4- January was euro zone firms' best month since mid-2014 but they also cut prices at the fastest rate in nearly five years, a survey found, lending support to the European Central Bank's decision to scale up its stimulus program. In Britain, outside the currency union and where markets are instead...

  • LONDON, Feb 4- Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus, cutting short a rally that pushed up prices by about 19 percent over the past four sessions. But a report from the industry group American Petroleum Institute showing U.S. crude stocks rose more than 6 million barrels last week pushed prices down on...

  • MOSCOW, Feb 4- Russia's Finance Ministry sold 7.34 billion roubles of OFZ treasury bonds at auction on Wednesday at an average yield of 13.89 percent, out of the 10 billion roubles on offer, Reuters data showed. The ministry sold more than at the previous week's auction, when it sold 2.5 billion roubles of bonds out of 5 billion roubles on offer.

  • *Australian and New Zealand dollars gain after China move. LONDON, Feb 4- The Australian and New Zealand dollars rose on Wednesday after China announced a cut in banks' required cash reserves, adding more liquidity to spur growth in the world's second-biggest economy. "Traditionally easing measures from China would have fed through and provided some support for...

  • CAIRO, Feb 4- Saudi Arabia, Kuwait and the United Arab Emirates will give Egypt $10 bln in deposits before Egypt holds an investment conference in March, Al-Youm Al-Sabea news website reported.

  • Feb 4- IT services provider Cognizant Technology Solutions Corp's fourth-quarter revenue rose a higher-than-expected 16.4 percent, helped by increased spending by healthcare and financial services customers in North America. Cognizant's Indian rivals, Tata Consultancy Services and Wipro Ltd have also forecast accelerating growth this year as...