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  • HOUSTON, Feb 25- Oil producer EOG Resources Inc posted a fourth-quarter loss on Thursday that beat Wall Street's expectations and cut its capital budget in half as the plunge in crude oil prices has eroded margins across the energy industry. EOG posted a net loss of $284.3 million, or 52 cents per share, compared to a net income of $444.6 million, or 81 cents per share,...

  • SAO JOSE DOS CAMPOS, Brazil, Feb 25- Brazilian planemaker Embraer SA will extend the range of its biggest commercial aircraft, executives said on Thursday as they rolled out the first of the re-engined E-Jet planes to compete with Bombardier Inc's new C-Series. The next-generation E195-E2 will have increased fuel capacity giving it a maximum range of 2,450...

  • NEW YORK, Feb 25- U.S. public companies will have to bring over one trillion dollars worth of leases for everything from airplanes to buildings onto their balance sheets starting in 2019 under a new accounting rule issued on Thursday. U.S. companies have about $1.5 trillion of leases that will be affected by the standard, according to a 2012 study commissioned by...

  • LOS ANGELES, Feb 25- Kraft Heinz Co on Thursday reported quarterly earnings that topped Wall Street's estimates, sending shares of the maker of Oscar Mayer hot dogs, Jell-O and Heinz ketchup up 3 percent in after-hours trade. Net income attributable to common shareholders was $285 million, or 23 cents per share, for the fourth quarter, ended Jan. 3, compared with a...

  • Splunk, whose customers include Tesco Plc and the U.S. Department of State, forecast revenue of about $880 million for the year ending January 2017, well above the average analyst estimate of $650.8 million. Revenue rose 49.2 percent to $220 million in the fourth quarter ended Jan. 31. The company's net loss widened to $79.3 million, or 61 cents per share, from $57...

  • Shares of the company were down 14.4 percent at $13.30 in extended trading on Thursday. The online weight management services provider reported a net loss of $11.3 million, or 18 cents per share, in the quarter ended Jan. 2, compared with net income of $4.4 million, or 8 cents per share, a year earlier. Net revenue plunged to $259.2 million.

  • WASHINGTON, Feb 25- Boeing Co has told senior U.S. Air Force leaders that it will not take legal action challenging its loss of an $80 billion contract to Northrop Grumman Corp for work on a new long-range bomber, a source familiar with the decision said. Boeing spokesman Todd Blecher declined to confirm the news. "If we choose not to pursue our protest further in the...

  • TORONTO, Feb 25- Faced with a double whammy of the oil price collapse and a sluggish economy putting pressure on their corporate and consumer loan books, Canada's major banks started to show cracks this week as they posted another round of quarterly profits. Royal Bank of Canada, Canada's biggest lender, did not meet profit estimates on Wednesday for the first...

  • The upward momentum came despite lingering concerns over China's economy, which have weighed on global commodity prices and the region's major commodity producers. Emerging market assets should remain volatile until the global outlook becomes clearer, Bank of America Merrill Lynch analysts Alberto Ades wrote in a client note. The bank's favorite "long...

  • ST. LOUIS, Feb 25- U.S. regulators on Thursday fined Miami- based Gibraltar Private Bank and Trust Company $4 million for lapses including a failure to report suspicious transactions linked to convicted former lawyer Scott Rothstein, who ran a Ponzi scheme that cost investors more than $1 billion. "We may never know how that scheme might have been disrupted had...

  • The settlement, disclosed in a filing in Manhattan federal court, resolves one of several lawsuits by the National Credit Union Administration against banks over their sale of mortgage-backed securities before the 2008 financial crisis.

  • WASHINGTON, Feb 25- Boeing Co has told senior U.S. Air Force leaders that it will not take legal action challenging the loss of an $80 billion contract to Northrop Grumman Corp to build a new long-range bomber, a source familiar with the decision said.

  • There has been a sudden chorus of authoritative voices calling for an end to the printing of the highest value bank notes, most notably by European Central Bank chief Mario Draghi who on Feb. 15 said the bank may drop its 500- euro note over concerns about its use in crime. Treasury Secretary Larry Summers, who called for a moratorium on printing new $100 bills, also...

  • NEW YORK, Feb 25- Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets. Crude oil futures rose more than 2 percent after Venezuela reaffirmed an oil producers meeting in mid-March that would include Saudi...

  • Shares of the company were down 14.4 percent at $13.30 in extended trading on Thursday. The online weight management services provider reported a net loss of $11.3 million, or 18 cents per share, in the quarter ended Jan. 2, compared with net income of $4.4 million, or 8 cents per share, a year earlier. Net revenue plunged 20.9 percent to $259.2 million.

  • WASHINGTON, Feb 25- U.S. Senate Armed Services Committee Chairman John McCain on Thursday vowed to block use of a cost-plus type of contract, under which the government would be responsible for cost overruns, for a new long-range bomber to be built by Northrop Grumman Corp.. The Air Force said that only the engineering and development phase of the program, valued...

  • OTTAWA, Feb 25- Ottawa should raise current foreign-ownership limits on airlines to boost competition and encourage new entrants into the market, a study for the Canadian government recommended on Thursday. "Our goal is to see Canada join most other large aviation markets in allowing significant foreign ownership of passenger air carriers," the report said.

  • Canada's export agency said on Thursday that the funding would focus on small- and medium-sized enterprises, where it can be most effective helping sustain employment and strengthening the economy. Mairead Lavery, senior vice president, business development, at the EDC said the prolonged downturn in the price of oil had had a profound impact on Canada's...

  • SAN FRANCISCO, Feb 25- Alphabet Inc's Google, Facebook Inc, Microsoft Corp and Twitter Inc will all file or sign on to amicus briefs in support of Apple Inc's fight against a magistrate's order, which requires it to help the U.S. Federal Bureau of Investigation break into a San Bernardino shooter's iPhone. Sources familiar with the matter told Reuters that Google...

  • UBS AG TO PAY $33 MILLION TO RESOLVE LAWSUIT BY NCUA OVER MORTGAGE-BACKED SECURITIES--COURT FILING.