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Top News & Analysis North America

  • Feb 23- Royal Bank of Canada is in a court battle with a former executive it dismissed after moving him to the Bahamas where it could continue a lucrative trading business hindered by U.S. regulations. The dispute, according to court documents, centers on whether the former executive, Tebogo Phiri, has the right to valuable intellectual property such as data and...

  • SAN RAFAEL, Calif. _ BioMarin Pharmaceutical Inc. on Thursday reported a fourth-quarter loss of $90.7 million, after reporting a profit in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share. Ten analysts surveyed by Zacks expected $297.1 million.

  • FCC Chairman Ajit Pai declined to say on Thursday if he would seek to use the proposed TV station license transfer as a way to examine the AT&T/Time Warner merger. The station that Time Warner is selling, WPCH-TV in Atlanta, is its only FCC- regulated broadcast station. Time Warner said last month that since it did not plan to transfer any FCC licenses to AT&T, it would...

  • SAN FRANCISCO _ Gap Inc. on Thursday reported fiscal fourth-quarter profit of $220 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 51 cents per share. Eleven analysts surveyed by Zacks expected $4.4 billion.

  • SCHAUMBURG, Ill. _ Career Education Corp. on Thursday reported a fourth-quarter loss of $32.9 million, after reporting a profit in the same period a year earlier. The Schaumburg, Illinois- based company said it had a loss of 48 cents per share. Career Education shares have decreased 7.5 percent since the beginning of the year.

  • PLANO, Texas _ Zoe's Kitchen Inc. on Thursday reported a fourth-quarter loss of $501,000, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. Five analysts surveyed by Zacks expected $62.3 million.

  • *OPEC/ non- OPEC show 86 pct compliance with cuts in Jan- sources. NEW YORK, Feb 23- Oil prices rose on Thursday but gains were pared after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output. OPEC and producers including Russia aim to cut production by around 1.8 million barrels...

  • Feb 23- U.S. stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major U.S. companies to bring back millions of jobs to the United States. At a meeting with about two dozen chief executives, Trump said he plans to bring millions of jobs back to the United States, without revealing a specific...

  • REDWOOD CITY, Calif. _ Nevro Corp. on Thursday reported a loss of $9.8 million in its fourth quarter. Nevro expects full-year revenue in the range of $310 million to $320 million. Nevro shares have increased 30 percent since the beginning of the year.

  • Square Inc., up $2.11 to $17.15. Boston Scientific Corp., down 68 cents to $24.48. Hormel Foods Inc., down $2.01 to $35.29.

  • FRANKLIN, Tenn. _ Acadia Healthcare Co. on Thursday reported fourth-quarter net income of $41.8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Eight analysts surveyed by Zacks expected $706.6 million.

  • PALO ALTO, Calif. _ Hewlett Packard Enterprise Co. on Thursday reported fiscal first-quarter profit of $267 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Six analysts surveyed by Zacks expected $12.13 billion.

  • NEW YORK, Feb 23- Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. Treasury and euro zone government bond yields declined as European Central Bank policymakers also signalled they were not getting carried away by signs the euro...

  • WATSONVILLE, Calif. _ West Marine Inc. on Thursday reported a loss of $9.8 million in its fourth quarter. West Marine shares have declined 15 percent since the beginning of the year. Keywords: West Marine, Earnings Report.

  • SAN FRANCISCO _ Splunk Inc. on Thursday reported a loss of $74.2 million in its fiscal fourth quarter. Twelve analysts surveyed by Zacks expected $288.5 million. For the current quarter ending in May, Splunk said it expects revenue in the range of $231 million to $233 million.

  • SEATTLE _ Nordstrom Inc. on Thursday reported fiscal fourth-quarter net income of $201 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share. Six analysts surveyed by Zacks expected $4.37 billion.

  • MOUNTAIN VIEW, Calif. _ Intuit Inc. on Thursday reported fiscal second-quarter profit of $13 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Analysts surveyed by Zacks had expected revenue of $2.45 billion.

  • MEXICO CITY, Feb 23- Mexico on Thursday expressed "worry and irritation" about U.S. policies to two of President Donald Trump's top envoys, giving a chilly reply to the new administration's hard line on immigration, trade and security. The U.S. government this week angered Mexico by saying it was seeking to deport many illegal immigrants to Mexico if they entered...

  • Macy's, whose flagship locations include Herald Square in Manhattan and Union Square in San Francisco, is also planning to carve out storefront space for high-end retailers and lease or sell that space, Chief Executive Terry Lundgren said on Tuesday. "We are looking for opportunities to bring in other retailers to take that square footage that we are able to...

  • FRAMINGHAM, Mass.— In a story Feb. 22 about the expansion plans of the company that owns T.J. Maxx and Marshalls, The Associated Press reported erroneously that TJX Cos. plans to open the first two of its new home stores later this year. T.J. Maxx parent steps up expansion, plans new home chain. The parent company of T.J. Maxx and Marshalls plans to expand even faster and...