Wires

  • Dec 8- Donald Trump's shock White House win has not altered U.S. economic forecasts much, with economists in a Reuters poll expecting three rate rises by the end of next year based on little follow-through on most of the soon-to-be president's protectionist campaign promises. The outlook for growth and inflation in a Reuters poll also remains muted despite a...

  • FRANKFURT, Dec 8- The European Central Bank unexpectedly cut its asset purchases to 60 billion euros per month from next April from the current 80 billion euros, it said on Thursday. The decision to reduce purchases is likely to come as a surprise to markets as investors had expected a six month extension at a steady pace of 80 billion euros per month.

  • FRANKFURT, Germany— The Latest on the European Central Bank's policy meeting:. The European Central Bank has decided to extend its bond-buying stimulus program by another nine months to support the economy amid increasing turbulence from populist politics. The move also helps keep markets calmer as Europe faces elections in the Netherlands and France next...

  • The drug failed to demonstrate a statistically significant benefit over a placebo after 26 weeks on a rating scale that measures parameters of disease progression, the Ireland- based company said. Actimmune is already approved by the U.S. Food and Drug Administration for use in two rare, genetic conditions- chronic granulomatous disease and severe, malignant...

  • FRANKFURT, Dec 8- Germany is investigating whether Volkswagen's sportscar brand Porsche used software to disguise exhaust emissions, the country's car industry regulator said on Thursday, in a fresh blow to VW's attempts to move on from a 15 month-old scandal. Germany's Motor Transport Authority, KBA, said it was examining software that can measure the angle...

  • SAO PAULO, Dec 8- Brazilian antitrust watchdog Cade said it reached an agreement with five large international banks, fining them a combined 183.5 million reais for forming a cartel in offshore foreign exchange markets. The banks, which were accused of manipulating exchange rates of the Brazilian real, are Barclays Plc, Citicorp, Deutsche Bank SA, HSBC Bank Plc...

  • FRANKFURT, Germany— European Central Bank decides to extend the duration of its stimulus program by at least 9 months.

  • *World share markets climb for 4th day, Wall Street at record. LONDON, Dec 8- World shares climbed to a three-month high on Thursday as encouraging Chinese data and a record-high Wall Street kept traders upbeat before an expected extension of the European Central Bank's already generous stimulus program. Asia shares had risen to one-month highs after Wall...

  • WILDWOOD, Mo. _ Peak Resorts Inc. on Thursday reported a loss of $8 million in its fiscal second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share. Five analysts surveyed by Zacks expected $8.8 million.

  • NEW YORK _ Vince Holding Corp. on Thursday reported fiscal third-quarter profit of $3.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. Vince Holding expects full-year revenue in the range of $280 million to $290 million.

  • LONDON, Dec 8- A global accounting body has dismissed calls for root and branch reform of its rules for defined benefit pension schemes, saying they must reflect risks to investors. "With interest rates being so low for so long, some are reopening an old debate about the measurement of the pension liability," IASB Chairman Hans Hoogervorst said in a speech in the...

  • "There will only be a downside of 2 percent-3 percent in wheat prices in the near term," said a trader from central India. The January wheat contract settled 2.9 percent lower at 1,982 Indian rupees per 100 kg. *The December soyoil futures on the National Commodity& Derivatives Exchange were down about 1 percent at 728.50 rupees per 10 kg at 1150 GMT, tracking overseas...

  • Dec 8- U.S. stock index futures were little changed on Thursday, a day after the Dow and the S&P 500 hit new highs, while investors awaited the European Central Bank's decision on monetary policy. *The ECB is expected to announce an extension of its stimulus program at 7:45 a.m. ET followed by President Mario Draghi's press conference at 8:30 a.m. ET.

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, attributed the breaches to unnamed attackers located in southeast Asia engaged in what it...

  • HANOVER, Md. _ Ciena Corp. on Thursday reported fiscal fourth-quarter net income of $36.6 million, after reporting a loss in the same period a year earlier. Nine analysts surveyed by Zacks expected $715.9 million. For the current quarter ending in February, Ciena said it expects revenue in the range of $615 million to $645 million.

  • Dec 8- Horizon Pharma Plc said its drug, Actimmune, failed the main goal in a late-stage study involving patients with Friedreich's ataxia, a rare, degenerative neuromuscular disorder that has no approved treatments. The drug failed to demonstrate a statistically significant benefit over a placebo on an FA rating scale after 26 weeks, the Ireland- based company...

  • ROUND ROCK, Texas _ Dell Technologies Inc. on Thursday reported a loss of $2.06 billion in its fiscal third quarter. The Round Rock, Texas- based company said it had a loss of $4.51 per share. Keywords: Dell Technologies, Earnings Report.

  • *Jury out on proposed OPEC oil production cuts. Brent crude was up 50 cents at $53.50 a barrel by 1200 GMT. Both benchmarks have fallen more than $2 a barrel from highs reached on Monday when investors bought heavily in the wake of an agreement by the Organization of the Petroleum Exporting Countries and Russia to cut production to reduce a supply glut.

  • PARIS, Dec 8- A former minister who led a French government crackdown on tax evasion was sentenced to three years in jail on Thursday for hiding an offshore bank account of his own, in a scandal that deeply embarrassed President Francois Hollande. A Paris court found Jerome Cahuzac, a cosmetic surgeon by trade who was made budget minister when Hollande won power in...

  • Dec 8- Retailer Sears Holdings Corp reported its fifth straight quarterly loss and said there was no guarantee when it would return to profitability. Total revenue fell 14.3 percent to $5.03 billion in the third quarter ended Oct. 29, hit by lower demand at its Kmart and Sears outlets. Net loss attributable to Sears' shareholders swelled to $748 million, or $6.99...