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  • Twitter Inc., down 82 cents to $14.90. Energy Transfer Equity L.P., down $2.93 to $4.05. The energy company is replacing Jamie Welch as CFO with Thomas Long, currently CFO of affiliate Energy Transfer Partners.

  • NEW YORK, Feb 8- Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader. Obama's plan to fund an overhaul of the nation's infrastructure through a $10- a-barrel tax on crude oil could also boost engineering and construction firms such as Granite...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. It is down more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market.

  • More than 50,000 Chipotle employees crowded into rented movie theaters and other locations to hear live video feeds of co-Chief Executives Steve Ells and Montgomery Moran laying out their program to improve restaurant safety. Still, rivals including online food delivery service GrubHub and Moe's Southwest Grill, sought to grab customers.

  • NEW YORK— Gap Inc. reported slumping sales at all three brands for the crucial fourth-quarter, which covers the holiday season. The figure fell 3 percent for the Gap brand, 14 percent for Banana Republic and 8 percent at Old Navy, which until a few months ago had been a bright spot. It now expects $2.41 to $2.42 per share, from its prior forecast of $2.38 to $2.42 per...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well above its lows of the day. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under...

  • CM reports 2Q loss 4 Hours Ago

    NEW YORK _ CM Finance Inc. on Monday reported a fiscal second-quarter loss of $15.4 million, after reporting a profit in the same period a year earlier. The New York- based company said it had a loss of $1.13 per share. Keywords: CM Finance, Earnings Report.

  • It said a failure to raise capital may prompt its auditor to issue a "going concern" warning, which would constitute an event of default under a senior credit facility where it had $266.8 million outstanding as of Dec. 27. Fairway lost $9.7 million in the quarter ended on Dec. 27, as net sales fell 7 percent to $191.7 million. In Monday trading, Fairway shares fell 4.5...

  • NEW YORK _ Twenty-First Century Fox Inc. on Monday reported fiscal second-quarter earnings of $672 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share. Twenty-First Century Fox shares have declined almost 10 percent since the beginning of the year, while the Standard& Poor's 500 index...

  • The survey came after Sunday's meeting between Saudi Arabia's oil minister, Ali al-Naimi, and his Venezuelan counterpart produced no tangible signs that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump in oil. U.S. crude settled below $30 a barrel, finishing down $1.20 at $29.69. "Everyone's fearing new builds in crude," said Donald Morton,...

  • NEW YORK, Feb 8- Fund managers who relied on the so-called FANG stocks- Facebook, Amazon.com, Netflix, and Google- to boost their performance numbers in 2015 are cutting ties as the global economy looks weaker than many expected, leaving last year's outperformers in the midst of a deep selloff. The group of stocks that could do no wrong last year now seems like it can do...

  • NEW YORK, Feb 8- U.S. Treasuries have notably become a clear beneficiary of that risk-off tone, "said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York. Investors noted data showing that China's foreign reserves fell for a third consecutive month in January as the central bank dumped dollars to defend the yuan and stem capital outflows.

  • NEW YORK, Feb 8- Pernix Therapeutics Holdings Inc, a U.S. specialty pharmaceutical company, is exploring strategic alternatives, including a potential sale, people familiar with the matter said on Monday. The Morristown, New Jersey- based drugmaker is working with investment bank Perella Weinberg Partners LP, the people said. Pernix shares jumped as much as 17...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks added to losses in late Monday trading in a broad selloff that drove financial, tech, consumer and materials indexes down more than 3 percent amid persistent fears of a global slowdown. "When you see selling this broad and nondiscriminant, when everything is being sold, it tends to end when it just exhausts...

  • Feb 8- Pernix Therapeutics Holdings Inc, a U.S. specialty pharmaceutical company, is exploring strategic alternatives, including a potential sale, people familiar with the matter said on Monday. The Morristown, New Jersey- based drugmaker is working with investment bank Perella Weinberg Partners LP, the people said. The process is still in its early stages and...

  • NEW YORK, Feb 8- Investment bank Houlihan Lokey said on Monday that Gregg Feinstein, its U.S. head of mergers and acquisitions, had died. M&A business will be overseen by global head Steven Tishman in the interim, according to a person familiar with the matter. Feinstein worked on the recapitalizations of Trump Hotels& Casino Resorts and luggage maker Samsonite...

  • No tangible signs emerged from a meeting on Sunday between Saudi Arabia's oil minister Ali al-Naimi and his Venezuelan counterpart that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump. Hopes of an accord to shore up prices which are languishing close to 2003 have dimmed over the past week, but the meeting between cash-strapped...

  • Feb 8- Technology shares with lofty valuations, including those of midcap data analytics company Tableau Software Inc and Internet giant Facebook Inc, extended their losses on Monday following a gutting selloff in the previous session. That's the mentality of technology investors right now, "said Michael James, managing director of equity trading at Wedbush...

  • Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of all reactors in that country, generating burdensome stockpiles globally. Its stock plunged more than 5 percent in Toronto and New York around midday. Contracting looks to significantly pick up in...

  • NEW YORK— The Golden Age of Online Television may be in peril. Time Warner Inc., which has both networks and a production business, has been exploring the possibility of holding back some of its DC Comics superhero shows such as "The Flash" and "Supergirl." The Wall Street Journal recently reported that Time Warner is in talks to invest in Hulu and has told Hulu's owners...