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  • DIARY-Top Economic Events to Feb 27 Friday, 12 Feb 2016 | 7:01 PM ET

    BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • Recalls this week: ceiling lamps, propane gas Friday, 12 Feb 2016 | 1:29 PM ET

    More than 1 million ceiling lamps sold at Ikea are being recalled this week because the glass shades can fall and shatter. The HYBY was sold from October 2012 through January 2016 and the LOCK was sold from November 2002 through January 2016. The HYBY cost $13 and the LOCK cost $5.

  • Feb 12- Now markets have delivered their verdict on inflation- it's not picking up any time soon- economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. Sweden's Riksbank also slashed its repo rate to -0.50 percent on Thursday, partly as insurance against expectations that...

  • NEW YORK, Feb 11- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session. Volume was high as the S&P 500 touched its lowest in two years at its session low but shaved half its loss by the close after the Wall Street Journal reported...

  • Select Comfort reports 4Q loss Thursday, 11 Feb 2016 | 4:47 PM ET

    MINNEAPOLIS _ Select Comfort Corp. on Thursday reported a fourth-quarter loss of $21.2 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Select Comfort expects full-year earnings to be $1.25 to $1.45 per share.

  • NEW YORK, Feb 11- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure down interest rates, while energy shares helped pare losses on a report that OPEC may move to cut oil production. The S&P 500 touched its lowest in two years before bouncing back after the Wall Street Journal reported OPEC was ready...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • The Plymouth, Minnesota- based company, which reported a better than expected fourth-quarter profit, also announced a $75 million share repurchase program. Adjusted earnings per share was 53 cents, compared with average analysts' estimates of 44 cents per share, according to Thomson Reuters I/B/E/S. Fourth quarter net earnings fell to $155 million, or 44 cents...

  • Capella beats 4Q profit forecasts Thursday, 11 Feb 2016 | 7:41 AM ET

    MINNEAPOLIS _ Capella Education Co. on Thursday reported fourth-quarter net income of $11.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Mosaic tops Street 4Q forecasts Thursday, 11 Feb 2016 | 7:11 AM ET

    PLYMOUTH, Minn. _ Mosaic Co. on Thursday reported fourth-quarter earnings of $155 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Four analysts surveyed by Zacks expected $1.95 billion.

  • DIARY-Top Economic Events to Feb 24 Wednesday, 10 Feb 2016 | 7:01 PM ET

    LONDON- Bank of England deputy governors, Jon Cunliffe and Andrew Bailey, to appear at Lords committee on euro zone financial system- 1130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens appears before the House of Representatives' Standing Committee on Economics in his twice yearly parliamentary testimony- 2230 GMT. WASHINGTON- Federal Reserve...

  • Utah becomes latest place to debate ending tax on tampons Wednesday, 10 Feb 2016 | 4:28 AM ET

    SALT LAKE CITY— International debate over whether tampons and other feminine hygiene products should be tax-free has made its way to conservative Utah, where a bill is set to be heard by a committee made up of only men. But the Utah proposal to repeal the tax could face a steep challenge, as some worry the move will put a dent in state revenue streams.

  • MTS posts 1Q profit Tuesday, 9 Feb 2016 | 5:43 PM ET

    EDEN PRAIRIE, Minn. _ MTS Systems Corp. on Tuesday reported fiscal first-quarter net income of $11.8 million. MTS expects full-year earnings to be $3.03 to $3.28 per share, with revenue in the range of $570 million to $600 million. Keywords: MTS Systems, Earnings Report.

  • NEW YORK— Canadian utility Fortis is buying electric transmission company ITC Holdings in a cash-and-stock deal valued at about $6.9 billion as it looks to further diversify its business. ITC stockholders will own about 27 percent of Fortis' common stock. Fortis said that it will apply for a listing on the New York Stock Exchange and will continue to list on the...

  • Falling electricity demand due to increased energy efficiency has spurred a spate of mergers in the United States, with utilities looking to cut their exposure to volatile power prices in unregulated markets. ITC shareholders will get $45 per share- $22.57 in cash and 0.7520 Fortis shares for each share they hold- a 14 percent premium to the stock's closing...

  • Feb 8- Wall Street sank sharply on Monday as financial stocks sold off amid worries about interest rates and investors backed off from richly valued tech and consumer stocks amid persistent fears of a global slowdown. The technology-heavy Nasdaq Composite fell 2.5 percent to its lowest since October 2014, weighed down by Microsoft, Amazon and Facebook, stocks...

  • Feb 8- Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • *S&P financial index falls about 3 pct. NEW YORK, Feb 8- Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10- year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's...

  • *U.S. crude falls below $30 per barrel. Feb 8- Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist...

  • Feb 8- Wall Street was set to open lower on Monday, continuing a technology-led selloff from Friday, as fears of a global economic slowdown worsening and dropping oil prices continue to rattle investors. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...