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  • Feb 10- Wall Street was on track to snap a three-day losing run on Wednesday after comments by Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the economy to absorb a gradual rise in interest rates. Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks to the U.S. economy, but told...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10- Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. OPEC data pointed to a larger oil supply surplus on the world market this year than previously thought, as...

  • The figure was revealed by HBO CEO Richard Plepler in a conference call following the release of parent Time Warner Inc.' s quarterly earnings results. Stifel analyst Benjamin Mogil said 3.2 percent gain in HBO subscriber revenue came below the 4.7 percent Wall Street expected. Revenue at Time Warner also fell 6 percent to $7.08 billion, below the $7.55 billion...

  • NEW YORK— Professional racecar driver Scott Tucker has been charged in a payday lending operation offering quick cash over the Internet to desperate people. Authorities said Tucker was arrested Wednesday in Kansas City, Kansas, on charges in an indictment unsealed in federal court in New York City. In 2012, the Federal Trade Commission sued Tucker in Nevada...

  • "This is probably the most obvious product launch ever," said Alex Macedo, president of Burger King North America. The move comes as Burger King works to push up sales amid intensifying competition, with McDonald's offering breakfast items all day to spark a turnaround, while Wendy's offers a "4 for $4" deal to get customers in the door. Parent company Restaurant...

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10 (Reuters)- U.S. oil prices fell on Wednesday, reversing an early rally, and Brent also pared gains as worries about the global supply glut offset encouraging U.S. government data showing a surprise drop in domestic crude stockpiles. "We believe there's been short covering on the headline and we feel we...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • WASHINGTON— Recovering from a medical procedure is always a challenge, but getting hit with unexpected insurance fees can add financial hardship to the process. As health insurance plans become increasingly complicated, more patients are facing unexpected fees when they step outside their plan's coverage network. Nearly a third of insured Americans who...

  • NEW YORK— The National Retail Federation is forecasting retail spending growth of 3.1 percent in 2016, a slowdown from the group's annual estimate a year ago. With wage stagnation and unemployment easing, NRF CEO Matthew Shay said "there are a lot of positives in the economy." And NRF Chief Economist Jack Kleinhenz also noted that people are spending more on...

  • NEW YORK, Feb 10- U.S. crude stockpiles fell unexpectedly last week as imports slumped, while gasoline inventories hit a record high for a second week, data from the Energy Information Administration showed on Wednesday. U.S. crude futures initially rose on the news, topping $29 a barrel, but quickly retreated, and was at $27.85, down 9 cents on the day by 11:03 a.m....

  • Feb 10- Waste collection company Advance Disposal Services Inc has decided to delay a $471 million initial public offering that was scheduled to price on Wednesday, due to stock market volatility, people familiar with the matter said. Airport restaurant operator OTG EXP Inc, which had been looking to raise as much as $585 million in its IPO, announced its...

  • The motion filed by Lance Cooper, a Georgia attorney who first publicly exposed the defect, accused a lawyer leading federal litigation over the switch, Robert Hilliard, of mismanaging the cases and negotiating a multimillion dollar settlement primarily to benefit his own clients, rather than all plaintiffs. District Judge Jesse Furman in Manhattan, who...

  • NEW YORK— Got hundreds of Facebook friends you hardly know? Now is a good time to do some digital cleanup, while the year is still fresh. Review your security and privacy settings, and make sure those casual acquaintances you met at a bar eons ago aren't still getting the most intimate details of your life.

  • *Yellen sees "gradual" adjustments to monetary policy. Feb 10- Wall Street was higher on Wednesday, led by financial stocks, after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling stock prices, uncertainty over...

  • CHARGES FOLLOW PROBE BY FEDERAL PROSECUTORS IN MANHATTAN INTO PAYDAY LENDING FIRMS INCLUDING AMG SERVICES INC.

  • Feb 10- Wall Street was set to open higher on Wednesday, but U.S. stock futures eased some of their gains after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling stock prices, uncertainty over China and a global...

  • Feb 10- Health insurer Humana Inc, which is being bought by rival Aetna Inc, on Wednesday said that it had set aside 74 cents per share in the fourth quarter to cover anticipated shortfalls in its 2016 individual health plan business. Wall Street analysts had estimated last month that the set aside would be about 70 cents per share. Humana said that many of its high...

  • NEW YORK _ BGC Partners Inc. on Wednesday reported fourth-quarter net income of $65 million, after reporting a loss in the same period a year earlier. The company, based in New York, said it had earnings of 24 cents per share. BGC Partners shares have declined 14 percent since the beginning of the year.

  • NEW YORK _ AmTrust Financial Services Inc. on Wednesday reported fourth-quarter profit of $72.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Three analysts surveyed by Zacks expected $1.09 billion.