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  • PURCHASE, N.Y.— PepsiCo Inc. on Thursday reported fourth-quarter earnings of $1.72 billion. PepsiCo expects full-year earnings to be $4.66 per share. PepsiCo shares have decreased slightly more than 2 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 9 percent.

  • ARDSLEY, N.Y. _ Acorda Therapeutics Inc. on Thursday reported fourth-quarter profit of $9.2 million. On a per-share basis, the Ardsley, New York- based company said it had profit of 21 cents. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

  • NEW YORK _ Time Inc. on Thursday reported fourth-quarter profit of $17 million. The New York- based company said it had profit of 15 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

  • French bank Societe Generale isn't the only bank facing a hammering in stock markets. The biggest fallers on the Stoxx 600 index of European shares are Greece's Eurobank Ergasias and Alpha Bank, whose stocks have tanked 23 percent and 16 percent, respectively. Other notable fallers are Italy's Banca Monte del Paschi, which is down 9 percent and Credit Suisse,...

  • SEOUL, South Korea— Stocks shuddered again Thursday, led by a sharp drop in Hong Kong as it caught up with global market turmoil after Lunar New Year holidays. ANALYST'S TAKE: "What started in January as mainly China based worries has clearly broadened back out to concerns about global growth," said Shane Oliver, chief economist at AMP Capital in Sydney.

  • "The traditional structure of Fashion Week, particularly in New York, has been shifting for the past few seasons," said Alexandra Ilyashov, a fashion editor at the lifestyle website Refinery29. More than 230,000 people attend the New York events in February to see the designs for the coming fall and in September, for spring fashion. In recent years, the fashion shows,...

  • WASHINGTON, Feb 10- The U.S. power sector's shift toward burning less coal and using more natural gas and renewable energy will not be derailed by the Supreme Court ruling against the Obama administration's limits on carbon emissions, state regulators and utilities said on Wednesday. The U.S. Supreme Court decided 5-4 on Tuesday to block the Environmental...

  • "Our work will take time" before the company can create long-term shareholder value, said Executive Chairman Omid Kordestani on a call with analysts. The company's share price has declined more than 50 percent since Jack Dorsey, one of the founders, returned to Twitter in July. "They have plateaued and can't look to India or China as those markets are dominated by...

  • *Japan on holiday, South Korea stocks resume with sharp loss. SYDNEY, Feb 11- Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.

  • Andrew Cuomo is calling for an investigation of NRG Energy's handling of its Dunkirk power plant. In a letter to the Public Service Commission Wednesday, Cuomo describes what he calls grave concerns about the New Jersey company's behavior in the wholesale market and impact on the state. NRG announced plans to mothball the coal-fired plant in 2012 but kept it...

  • NEW YORK _ LivePerson Inc. on Wednesday reported a loss of $18.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. For the current quarter ending in April, LivePerson said it expects revenue in the range of $55 million to $56 million.

  • NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by lawyers in the case, resolved the remaining claims in a closely watched trial in Manhattan...

  • Expedia lost $13 million in the fourth quarter in part from closing its purchase of vacation rental site HomeAway Inc for $3.9 billion, a move that could ramp up competition with apartment-sharing startup Airbnb. Last year marked a deal-making spree for Expedia in which it also bought Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million.

  • *EIA says Cushing crude stocks hit record near 65 mln bbls. The Cushing build eclipsed a more bullish number from the EIA showing total U.S. crude stockpiles down for the first time in three weeks. "Since we are going into refinery maintenance season, and coupled with Iranian oil coming into the market, any rally will be short-lived," said Tariq Zahir, crude trader and...

  • NEW YORK _ International Flavors& Fragrances Inc. on Wednesday reported fourth-quarter profit of $71.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. International Flavors shares have dropped nearly 4 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • NEW YORK, Feb 10- Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares. S&P 500 stock index rose as much as 1.6 percent following Federal Reserve Chair Janet Yellen's...

  • STONY BROOK, N.Y. _ Applied DNA Sciences Inc. on Wednesday reported a loss of $2.9 million in its fiscal first quarter. The Stony Brook, New York- based company said it had a loss of 13 cents per share. Keywords: Applied DNA Sciences, Earnings Report.

  • NEW YORK— Drugmaker Mylan says it will buy Meda AB of Sweden for $7.2 billion in cash and stock, and says the move will help it enter new markets. Mylan had $9.45 billion in revenue in 2015 and said Meda's revenue totaled about $2.35 billion. Mylan said the Meda deal will expand its over-the-counter drug business to about $1 billion in annual sales and will bring its...

  • NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by Knoedler's lawyer, resolved the remaining claims in a closely watched trial in Manhattan...

  • NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Time Warner Inc., down $3.14 to $60.07. Walt Disney Co., down $3.47 to $88.85.