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  • MONTREAL, Feb 5- Strong Canadian investment in the Manhattan commercial property market is expected to continue this year after quadrupling and hitting a record level in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with...

  • The value of those loans will have to be written down even further, and bank profits are going to take a hit, the credit agency Moody's said in a report issued Friday. The loans on the balance sheets of the biggest banks on Wall Street— JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Wells Fargo and Bank of America— represent only a small percentage of these...

  • WASHINGTON, Feb 5- A lower U.S. unemployment rate in January and a rise in wages suggests the economy is resisting a global slowdown, but tighter credit conditions and slower hiring are seen reducing the chances of another Federal Reserve interest rate rise in March. While data on Friday supported the Fed's view that the labor market is near full strength,...

  • WASHINGTON, Feb 5- Puerto Rico, struggling to restructure its mountain of debt and already paying some but not all of its creditors, will run out of fiscal emergency measures by June, the U.S. commonwealth's Government Development Bank president said on Friday. With a 45 percent poverty rate and an exodus of people to the United States, Puerto Rico is trying to solve...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • WASHINGTON, Feb 5- Barack Obama might seem an unlikely investor in the firearms industry. Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation's two largest gun manufacturers with publicly traded shares, Smith& Wesson Corp and Sturm, Ruger& Co. The White House declined to comment on Obama's...

  • U.S. job gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but average hourly earnings rose 0.5 percent and the unemployment rate fell to 4.9 percent from 5.0 percent, the Labor Department said on Friday in its monthly employment report. The report "makes the case that inflation is possible in the U.S. against...

  • NEW YORK— Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry...

  • NEW YORK, Feb 5- The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. Labor Department data showed that average hourly earnings increased 12 cents, or 0.5 percent, last month,...

  • NEW YORK— Apple for the first time is accepting banged up iPhones as a trade-in from those wanting to upgrade. Apple Inc. has told investors that it may book its first revenue decline in 13 years when it reports quarterly earnings in April due in part to weakness in the global economy. For damaged phones, it will pay $50 for a 5 S, $150 for a 6 and $200 for a 6 Plus.

  • LONDON, Feb 5- The dollar rose against a basket of currencies on Friday along with Treasury yields, but global stocks fell after a key U.S. jobs report painted a mixed picture of the labour market and left investors with a muddled view on rate hike prospects. Non-farm payrolls increased by 151,000 jobs last month, well below forecasts of 190,000 while the...

  • NEW YORK— The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group. The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The Chicago Stock Exchange was founded in...

  • NEW YORK, Feb 5- U.S. Nonfarm payrolls increased by 151,000 jobs last month and the unemployment rate was at 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. It makes the case that inflation is possible in the U.S. against the backdrop of a lot of the financial turmoil that we've been seeing, "said Aaron Kohli, an interest rate strategist...

  • Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs. Hedge fund Starboard Value LP urged Macy's Inc last month to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets. CBRE Group Inc's Capital...

  • HRG reports 1Q loss 14 Hours Ago

    NEW YORK _ HRG Group Inc. on Friday reported a loss of $33.9 million in its fiscal first quarter. The New York- based company said it had a loss of 17 cents per share. Keywords: HRG Group, Earnings Report.

  • NEW YORK— J.C. Penney is considering selling and partially leasing back its headquarters to help lower debt and create long-term savings. J.C. Penney Co. has been in the three-story building since 1992.. J.C. Penney shares edged up 8 cents to $7.44 in morning trading Friday.

  • NEW YORK _ WisdomTree Investments Inc. on Friday reported fourth-quarter net income of $20.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share. Five analysts surveyed by Zacks expected $74.5 million.

  • NEW YORK— Moody's Corp. on Friday reported fourth-quarter net income of $217.9 million. Moody's expects full-year earnings to be $4.75 to $4.85 per share. Moody's shares have fallen 13 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 6 percent.

  • NEW YORK— Estee Lauder's fiscal second-quarter results topped analysts' estimates thanks in part to increased sales of makeup, fragrances and hair care products. Analysts surveyed by Zacks Investment Research expected earnings of $1.09 per share. The latest figure beat the $3.07 billion that Zacks analysts predicted.

  • NEW YORK— On May 2, Ed Bastian takes over as the new CEO of Delta Air Lines, replacing the retiring Richard Anderson. Wall Street analysts expect Bastian to continue running Delta with the same general strategy as Anderson. The Associated Press interviewed Bastian by phone following his appointment.