Top News & Analysis United States

More

  • DENVER _ Summit Materials Inc. on Thursday reported fourth-quarter earnings of $23.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Summit Materials shares have decreased 25 percent since the beginning of the year.

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • NEW YORK, Feb 11- The U.S. dollar fell to a 15- month low against the yen on Thursday, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and conerns about stress in the banking system, increased demand for safe-havens. The U.S. dollar was down 0.85 percent against the yen midmorning in New York, falling to 112.38...

  • Feb 11- Kendall Jenner, the model and a star of reality TV show "Keeping Up with the Kardashians," is suing a skin care company for at least $10 million, saying it used her photo in advertisements for acne laser treatment without permission. In a complaint filed on Wednesday, lawyers for Jenner objected to Cutera Inc's advertisements for its Laser Genesis treatment,...

  • CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.6360 a bushel; March corn was 1 cent higher at $3.6120 a bushel; March oats were 1.50 cents higher at $1.9060 a bushel; while March soybeans was 6.50 cents higher at $8.6860 a bushel. April live cattle was 2.18 cents lower at...

  • Feb 11- Lockheed Martin Corp said it would offer the T-50A, a training jet developed jointly with Korea Aerospace Industries Ltd, in the upcoming U.S. Air Force competition to build 350 new training planes. The U.S. Air Force aims to launch the competition in 2017 to replace its ageing fleet of T-38 planes and analysts have said it could eventually buy up to 600...

  • DES MOINES, Iowa— Iowa utilities regulators are meeting for the fourth day to consider whether to allow a Texas company to bury 346 miles of crude oil pipe under Iowa farmland and whether to give the company authority to force unwilling landowners to sign easements using eminent domain laws. The three-member Iowa Utilities Board is considering a hazardous...

  • PARIS, Feb 11- Five small bronze statues by French 19th century sculptor Auguste Rodin will be auctioned in Paris next week, including a cast of his celebrated "The Kiss", which is estimated at 1.5 to 2 million euros. The five statues, to be sold by auction house Drouot on Tuesday, come from the collection of late French art dealer Jean de Ruaz, who bought them from the...

  • WASHINGTON— Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far. Mortgage buyer Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage dropped to 3.65 percent this week, down from 3.72 percent last week and close to its low...

  • WASHINGTON— The International Monetary Fund has nominated managing director Christine Lagarde for a second five-year term. She also has served as France's minister of trade, agriculture and finance. During the financial crisis of 2008, she led a council of European Union finance and economic ministers.

  • NEW YORK— Online dating services are now hip with young adults, but not always for dating. "It's turned into a game," said Tim Smith, a 21- year-old student from Hampstead, Maryland. They haven't had much of a need, as they are typically surrounded by other young, single people, whether at work or school, said Aaron Smith, associate research director with the Pew Research...

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, as farm incomes are forecast to fall for a third year as grain and livestock prices remain stubbornly low, according to a quarterly farm economy report from the Federal Reserve Banks of St. Louis and Kansas City. But access to such credit tightened in the fourth quarter...

  • LONDON, Feb 11- "The aluminium 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 aluminium 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...

  • *All 10 S&P sectors fall, led by financials. Feb 11- U.S. stock indexes plummeted on Thursday morning as investors spooked by the health of the global economy jettisoned stocks and fled to safe-haven assets. Federal Reserve Chair Janet Yellen on Wednesday acknowledged tightening financial conditions and uncertainty about China and the risks that posed to the...

  • LAS VEGAS _ Pinnacle Entertainment Inc. on Thursday reported a fourth-quarter loss of $13.9 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Pinnacle Entertainment shares have dropped 12 percent since the beginning of the...

  • SUNNYVALE, Calif. _ Adesto Technologies Corp. on Thursday reported a loss of $3.3 million in its fourth quarter. For the current quarter ending in April, Adesto Tech said it expects revenue in the range of $11.8 million to $12 million. Adesto Tech shares have fallen 21 percent since the beginning of the year.

  • LOS ANGELES _ VCA Inc. on Thursday reported fourth-quarter earnings of $63.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Five analysts surveyed by Zacks expected $530.3 million.

  • WASHINGTON, Feb 11- Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities...

  • ELMIRA, N.Y. _ Hardinge Inc. on Thursday reported fourth-quarter profit of $2.8 million. On a per-share basis, the Elmira, New York- based company said it had profit of 21 cents. Hardinge shares have decreased 14 percent since the beginning of the year.

  • ALBANY, N.Y.— Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. Morgan Stanley said it previously reserved funds for all related amounts. The Justice Department said the $2.6...