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Top News & Analysis North America

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • *Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...

  • The new head of the U.S. Environmental Protection Agency says America need not choose between jobs and the environment, as the White House prepares executive orders that could come as soon as this week to roll back Obama-era regulation. The White House signals it is preparing to reverse a U.S. policy on transgender rights, raising concern among rights advocates...

  • TOKYO, Feb 22- Asian stocks edged up on Wednesday, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • VANCOUVER, Feb 21- British Columbia unveiled its fifth consecutive balanced budget under the ruling Liberals on Tuesday, doling out tax and financial breaks 11 weeks before what is expected to be a tightly contested provincial election race. After 15 years in power, the Liberal Party is neck-and-neck with the left-leaning New Democratic Party with many...

  • CALGARY, Alberta, Feb 21- Part of the shut Enbridge Inc 2 A pipeline in Alberta will need to be drained for several days, Canada's National Energy Board said on Tuesday, and it is not clear when shipments will resume. The 959- km pipeline, which transports light crude as well as condensate between Edmonton and Hardisty in the province of Alberta, was shut following a...

  • SAN DIEGO, Feb 21- A U.S. biofuels lobbying group on Tuesday said it is seeking to work with longtime rival the oil industry to fight the threat to both from subsidies for electric vehicles. The two industries have been at loggerheads for years as they seek sway with Washington over how much biofuel should be included in gasoline and diesel. The two groups are more...

  • *Liaoning is China's only province with shrinking economy. A new exhibition center has just opened its doors in the city, the capital of Liaoning province in northeastern China, and the skyline is dotted with cranes working on high-end shopping malls and apartments. After years of investment in infrastructure, some of it encouraged by the central government,...

  • Feb 21- U.S. railroad operator CSX Corp will cut 1,000 management employees and its chief executive will retire in May, a company spokesman said on Tuesday, as activist investor Mantle Ridge LP pushes to shake up the company's board. Sease said the cuts and the CEO's retirement were long planned, and not linked to Mantle Ridge, which has a 4.9 percent stake in CSX, and...

  • TOKYO, Feb 22- Hard Rock Cafe International is looking to buy up to a 60 percent stake in a Japanese casino resort, its chairman said on Tuesday, seeking entry into what could become the world's second-biggest casino market. Hard Rock, famous for its music-themed restaurants, last month opened a Japan unit with a view to grabbing a slice of the action after the...

  • NEW YORK, Feb 21- Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder." Snap is targeting a valuation of between $19.5 billion and $22.3 billion from listing on the New York Stock Exchange in...

  • SHAWNEE MISSION, Kan. _ Seaboard Corp. on Tuesday reported fourth-quarter earnings of $103 million. On a per-share basis, the Shawnee Mission, Kansas- based company said it had net income of $87.83. For the year, the company reported profit of $312 million, or $266.50 per share.

  • SAN DIEGO, Feb 21- President Donald Trump on Tuesday assured ethanol industry advocates of their importance in U.S. energy strategy in an apparent bid to quell concerns over potential changes to policies that mandate the use of such renewable fuels. The comments came as Scott Pruitt took over as head of the Environmental Protection Agency and after Trump...

  • CALGARY, Alberta, Feb 21- ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped. Likewise Martin King, an analyst with GMP FirstEnergy in Calgary, said the debooking likely had...

  • NEW YORK _ Macquarie Infrastructure Co. on Tuesday reported fourth-quarter earnings of $72.8 million. The New York- based company said it had profit of 89 cents per share. For the year, the company reported net income of $156.4 million, or $1.85 per share, swinging to a profit in the period.

  • OMAHA, Neb. _ Valmont Industries Inc. on Tuesday reported fourth-quarter net income of $70.1 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share. Four analysts surveyed by Zacks expected $631.8 million.

  • ATLANTA _ Invesco Mortgage Capital Inc. on Tuesday reported fourth-quarter profit of $275.8 million. On a per-share basis, the Atlanta- based company said it had profit of $2.15. Invesco Mortgage Capital shares have risen 7 percent since the beginning of the year.

  • DALLAS _ Copart Inc. on Tuesday reported fiscal second-quarter net income of $66.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share. Four analysts surveyed by Zacks expected $339.3 million.

  • District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack of evidence that the defendants conspired to restrain trade or because they involved foreign conduct. He also said only two of the six plaintiffs had antitrust standing: the California State Teachers' Retirement System, one of the world's...

  • Feb 21- U.S. solar company First Solar Inc raised its 2017 sales forecast due to the timing of the sale of a major project, but said a large facility in Arizona had been canceled due to opposition to its location on tribal lands. First Solar raised its 2017 net sales forecast to $2.8 billion to $2.9 billion from $2.5 billion to $2.6 billion. First Solar said the more...