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  • Feb 11- Louisiana Governor John Bel Edwards presented a dire picture of the state's fiscal situation on Thursday, urging lawmakers to consider a set of budget cuts and revenue-raising measures, including tax increases. The state is contending with a $940 million budget deficit for the current fiscal year and a $2 billion projected deficit for the next fiscal...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • MELBOURNE, Feb 12- London copper firmed on Friday but was still facing its biggest weekly drop in a month as a holiday in top consumer China eroded buying support and fears of another wave of bank defaults fuelled jitters over the global economy. *The Shanghai Futures Exchange was closed for a fifth day for China's New Year celebrations and will reopen on Monday.

  • Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • HOUSTON _ Forum Energy Technologies Inc. on Thursday reported a fourth-quarter loss of $163.6 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Ten analysts surveyed by Zacks expected $195.6 million.

  • Bill Shuster, R- Pa., said "transformational" change is needed because the FAA's air traffic modernization program is taking longer and costing more than anticipated. Both sides agree the delays and cost overruns have come partly because Congress has subjected the agency to shutdowns, furloughs and repeated short-term funding extensions.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • -Lipper@ NEW YORK, Feb 11- Investors pulled money from U.S.-based stock funds again during the most recent week, piling into Treasuries, gold and other safe-haven assets as global market performance continued to falter. The stock funds posted $1.5 billion in withdrawals during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the risk assets...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • VANCOUVER, British Columbia _ Mercer International Inc. on Thursday reported fourth-quarter profit of $21.7 million. Mercer International shares have dropped 32 percent since the beginning of the year. Keywords: Mercer International, Earnings Report.

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why orders that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until mid-February to show why the...

  • WASHINGTON, Feb 11- The U.S. House of Representatives will vote on Friday on legislation broadening sanctions against North Korea that is expected to pass with overwhelming support, sending the measure to the White House for President Barack Obama to sign into law. Ben Rhodes, his deputy national security adviser, said the White House would review the measure...

  • VANCOUVER, British Columbia _ Merus Labs International Inc. on Thursday reported a loss of $686,000 in its fiscal first quarter. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. Keywords: Merus Labs, Earnings Report.

  • SAN CLEMENTE, Calif. _ CareTrust REIT Inc. on Thursday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in San Clemente, California, said it had funds from operations of $7.6 million, or 24 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds...

  • SAN JOSE, Calif. _ Vocera Communications Inc. on Thursday reported a loss of $3 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. For the current quarter ending in April, Vocera expects its results to range from a loss of 10 cents per share to a loss of 4 cents per share.

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until mid-February to show cause why...

  • SUNNYVALE, Calif. _ Infinera Corp. on Thursday reported fourth-quarter earnings of $12.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share. Infinera shares have declined 23 percent since the beginning of the year.

  • EAST RUTHERFORD, N.J. _ Amber Road Inc. on Thursday reported a loss of $6.6 million in its fourth quarter. On a per-share basis, the East Rutherford, New Jersey- based company said it had a loss of 25 cents. For the current quarter ending in April, Amber Road expects its results to range from a loss of 19 cents per share to a loss of 17 cents per share.

  • PASADENA, Calif. _ Guidance Software Inc. on Thursday reported a loss of $3.6 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. Three analysts surveyed by Zacks expected $26.2 million.