Wires

  • SPRINGFIELD, N.J. _ Village Super Market Inc. on Wednesday reported fiscal first-quarter profit of $4.1 million. Village Super Market shares have increased 35 percent since the beginning of the year. Keywords: Village Super Market, Earnings Report.

  • LAGOS, Nigeria— Nigeria and Morocco say they have agreed to build a pipeline to carry Nigerian natural gas to North Africa and Europe in a major initiative to boost energy production and create industrial hubs to attract foreign investment. A statement Wednesday says the two countries' sovereign wealth funds will jointly develop the pipeline to run about...

  • MARTINSVILLE, Va. _ Hooker Furniture Corp. on Wednesday reported fiscal third-quarter net income of $6.5 million. Hooker Furniture shares have climbed 16 percent since the beginning of the year. Keywords: Hooker Furniture, Earnings Report.

  • *Bank of Canada meeting eyed. LONDON, Dec 7- Most major currencies treaded water on Wednesday with traders looking ahead to a meeting of the European Central Bank on Thursday that could set the tone for markets after the sharp moves in the wake of last month's U.S. elections. It had slumped on Monday to $1.0505, its lowest since March 2015, in a knee-jerk reaction after...

  • KIEV, Dec 7- A second attempt to auction Ukraine's state-owned Odessa Portside Plant failed to attract any bids, the State Property Fund said on Wednesday- a major setback for a Western-backed push for privatisation and reform. Ukraine is already struggling to convince its international backers, which include the International Monetary Fund and Western...

  • KIEV, Dec 7- A second attempt to auction Ukraine's state-owned Odessa Portside Plant failed to attract any bids, the State Property Fund said on Wednesday- a major setback for a Western-backed push for privatization and reform. Ukraine is already struggling to convince its international backers, which include the International Monetary Fund and Western...

  • HOBOKEN, N.J. _ John Wiley& Sons Inc. on Wednesday reported a fiscal second-quarter loss of $11.5 million, after reporting a profit in the same period a year earlier. John Wiley& Sons shares have risen 21 percent since the beginning of the year. Keywords: John Wiley& Sons, Earnings Report.

  • LONDON, Dec 7- Oil prices slipped on Wednesday on doubts production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. Oil prices surged almost 20 percent after the Organization of the Petroleum Exporting Countries and Russia announced last week that they would cut production next...

  • Dec 7- SunPower Corp, the No. 2 U.S. solar panel maker, said on Wednesday it would lay off about 25 percent of its workforce, or 2,500 employees, and close one plant as part of a cost-cutting plan it announced last month. SunPower, majority owned by French energy giant Total SA, said it expects to incur restructuring charges of $225- $275 million through the end of 2017..

  • The Montreal- based retailer opened 18 stores in the third quarter ended Oct. 30, bringing the total number of stores to 1,069.. Dollarama's general, administrative and store operating expenses rose about 5.3 percent to C $116.97 million. The company's net income rose to C $110.06 million, or 92 Canadian cents per share, in the quarter, from C $100.08 million, or 78...

  • Dec 7- Digital Asset Holdings, a blockchain startup backed by some of the world's largest banks, said on Wednesday it had developed a platform to allow traders to use blockchain technology without giving out confidential information on their trades. The new platform will form the basis of the technology that Digital Asset is building for financial...

  • LOUISVILLE, Ky.— Brown-Forman Corp. on Wednesday reported fiscal second-quarter profit of $197 million. Brown-Forman expects full-year earnings to be $1.71 to $1.81 per share. Brown-Forman shares have decreased 14 percent since the beginning of the year.

  • UPDATE 1-Canada's Dollarama reports better-than-expected profit.

  • TORONTO, Dec 7- Financial strategists expect Canada's main stock index to rise more slowly in 2017 but to reach an all-time high by the end of next year if U.S. But risks to that outlook have multiplied, the respondents said, citing Trump's protectionist talk on trade, a sharp jump in global bond yields, and Canada's wobbly domestic economy as reasons for caution.

  • STUTTGART, Dec 7- German auto supplier ZF has launched the sale of its Body Control Systems division, Chief Executive Stefan Sommer said, seeking to shed assets it no longer deems essential after its takeover of rival TRW. "We are at a very early stage," Sommer told journalists at the Stuttgart Economic Press Club in remarks embargoed for Wednesday.

  • ATLANTA _ SecureWorks Corp. on Wednesday reported a loss of $7.7 million in its fiscal third quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Five analysts surveyed by Zacks expected $104.7 million.

  • MOSCOW, Dec 7- Inflationary risks mean Russia should keep monetary policy moderately tight, analysts at the country's central bank said in a report released on Wednesday. Data suggested the Russian economy had scant potential for growth in the fourth quarter of this year, they said. The opinions contained in the report did not necessarily reflect the official...

  • Dec 7- U.S. stock index futures rose for the third straight day, as investors continued to bet on a post-election rally that has powered major Wall Street indexes to a series of record highs. *President-elect Donald Trump's proposals to boost infrastructure spending and simplify regulations have boosted financials and industrial stocks since the election on...

  • LOS ANGELES _ Korn/Ferry International on Wednesday reported fiscal second-quarter net income of $30.2 million. Four analysts surveyed by Zacks expected $395.4 million. For the current quarter ending in February, Korn/Ferry expects its per-share earnings to range from 48 cents to 56 cents.

  • *India central bank leaves repo rate at 6.25 pct. MUMBAI, Dec 7- India's central bank unexpectedly kept its key policy rate unchanged at 6.25 percent on Wednesday, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world's fastest-growing large economy. Pressure on the central bank and its governor, Urjit Patel,...