LONDON, Jan 29- Royal Dutch Shell blamed writedowns and forex losses for making almost no money in oil production, its most powerful division, in the last quarter of 2014, causing the company to miss profit forecasts by more than 20 percent. Shell, the largest of the European energy majors, also announced a relatively modest three-year, $15 billion cut in spending...» Read More
PORT-AU-PRINCE, Haiti-- Several thousand people poured into the streets of Haiti's capital on Sunday to protest the government of President Michel Martelly.
LOS ANGELES-- Traffic was flowing again on the city's busiest freeway following a weekend closure that was hailed a success by Mayor Antonio Villaraigosa after it didn't result in the "Carmageddon" of epic traffic jams.
NEW YORK-- New York City's 2013 mayoral race doesn't fully kick off until after voters are done picking a president.
DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.
NEW YORK-- A Sterne Agee analyst on Monday cut his rating for Citigroup Inc. to "Neutral" from "Buy," saying that he doesn't expect the bank's shares to rise significantly any time soon.
NEW YORK-- The holidays might not be so merry for Jakks Pacific, which earned an analyst downgrade after cutting its guidance for the year. It now expects net income, excluding one-time items, of 68 cents to 74 cents per share on revenue of $690 million to $700 million for the year.
BERLIN-- The man who will challenge Angela Merkel to lead Germany next year has accused her government of failing to address the underlying causes of Europe's debt woes.
LONDON-- A senior British counter-terrorism investigator has appeared in court charged with offering information to the now-defunct News of the World tabloid in 2010.. Detective Chief Inspector April Casburn is the first person charged in connection with Scotland Yard's investigation into corrupt payments made by journalists in return for scoops.
Ikea believes the shift to the longer-lasting bulbs will help set an environmentally friendly example in the industry and also save the company about $10 million to $20 million a year, or 10 percent, in lighting costs at its 300 stores around the globe, said Steve Howard, the company's chief sustainability officer.
The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalogue is in conflict with the IKEA Group values," the company said.
NEW YORK-- A Sterne Agee analyst on Monday raised his rating for Finish Line Inc. to "Neutral" from "Underperform," citing the athletic footwear company's new deal that will put its athletic footwear shops in more than 450 Macy's stores in the U.S.
MARIKANA, South Africa-- A judicial panel on Monday investigated the rocky site where South African police killed 34 striking miners in August.
NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.
HOUSTON-- Bedding company Mattress Firm Holding Corp. says some of its stockholders are planning to sell about 4.7 million shares of the company's common stock. Mattress Firm said Monday that it is not selling any shares in the proposed offering. The Houston company went public in November 2011 at $19 per share.
NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.
LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.