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  • BUENOS AIRES, Feb 21- Mobile phone company Nextel has been authorized to provide 4 G service in Argentina, becoming the fourth provider in the market, communications regulator Enacom said on Tuesday. In January 2016 Cablevision, a subsidiary of media firm Grupo Clarin, bought Nextel Communications Argentina, the No. 4 mobile phone operator in the country with 3...

  • SAN DIEGO, Feb 21- President Donald Trump on Tuesday assured ethanol industry advocates of their importance in U.S. energy strategy in an apparent bid to quell concerns over potential changes to policies that mandate the use of such renewable fuels. The comments came as Scott Pruitt took over as head of the Environmental Protection Agency and after Trump...

  • CALGARY, Alberta, Feb 21- ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped. Likewise Martin King, an analyst with GMP FirstEnergy in Calgary, said the debooking likely had...

  • NEW YORK _ Macquarie Infrastructure Co. on Tuesday reported fourth-quarter earnings of $72.8 million. The New York- based company said it had profit of 89 cents per share. For the year, the company reported net income of $156.4 million, or $1.85 per share, swinging to a profit in the period.

  • OMAHA, Neb. _ Valmont Industries Inc. on Tuesday reported fourth-quarter net income of $70.1 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share. Four analysts surveyed by Zacks expected $631.8 million.

  • BEIJING _ China Distance Education Holdings Ltd. on Tuesday reported fiscal first-quarter profit of $8.6 million. The Beijing- based company said it had profit of 26 cents per share. For the current quarter ending in April, China Distance said it expects revenue in the range of $21.7 million to $22.9 million.

  • ATLANTA _ Invesco Mortgage Capital Inc. on Tuesday reported fourth-quarter profit of $275.8 million. On a per-share basis, the Atlanta- based company said it had profit of $2.15. Invesco Mortgage Capital shares have risen 7 percent since the beginning of the year.

  • DALLAS _ Copart Inc. on Tuesday reported fiscal second-quarter net income of $66.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share. Four analysts surveyed by Zacks expected $339.3 million.

  • District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack of evidence that the defendants conspired to restrain trade or because they involved foreign conduct. He also said only two of the six plaintiffs had antitrust standing: the California State Teachers' Retirement System, one of the world's...

  • Feb 21- U.S. solar company First Solar Inc raised its 2017 sales forecast due to the timing of the sale of a major project, but said a large facility in Arizona had been canceled due to opposition to its location on tribal lands. First Solar raised its 2017 net sales forecast to $2.8 billion to $2.9 billion from $2.5 billion to $2.6 billion. First Solar said the more...

  • FORT LAUDERDALE, Fla. _ Universal Insurance Holdings Inc. on Tuesday reported fourth-quarter earnings of $13.7 million. On a per-share basis, the Fort Lauderdale, Florida- based company said it had profit of 38 cents. Keywords: Universal Insurance Holdings, Earnings Report.

  • CRANBURY, N.J. _ Innophos Holdings Inc. on Tuesday reported fourth-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Cranbury, New Jersey- based company said it had net income of 47 cents. Innophos shares have dropped almost 5 percent since the beginning of the year.

  • ATLANTA _ Haverty Furniture Cos. on Tuesday reported fourth-quarter earnings of $10.9 million. Haverty Furniture shares have declined 3 percent since the beginning of the year. Keywords: Haverty Furniture, Earnings Report.

  • CARMEL, Ind. _ KAR Auction Services Inc. on Tuesday reported fourth-quarter net income of $45.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. KAR Auction Services expects full-year earnings in the range of $2.15 to $2.25 per share.

  • As President Donald Trump pursues an "America First" agenda aimed at reversing chronic trade deficits with China, Mexico, Germany and other major trading partners, some are concerned his administration could back away from pledges to maintain an open global trading system. "I believe the Trump administration will try to leverage the IMF and the G20 to help...

  • VAUGHAN, Ontario _ Waste Connections Inc. on Tuesday reported fourth-quarter net income of $85.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Waste Connections expects full-year revenue of $4.45 billion.

  • PIRAEUS, Greece _ Danaos Corp. on Tuesday reported a fourth-quarter loss of $446.6 million, after reporting a profit in the same period a year earlier. The Piraeus, Greece- based company said it had a loss of $4.07 per share. For the year, the company reported a loss of $366.2 million, or $3.34 per share, swinging to a loss in the period.

  • CHICAGO _ Morningstar Inc. on Tuesday reported fourth-quarter profit of $70.3 million. On a per-share basis, the Chicago- based company said it had net income of $1.63. For the year, the company reported profit of $161 million, or $3.72 per share.

  • FOOTHILL RANCH, Calif. _ Kaiser Aluminum Corp. on Tuesday reported fourth-quarter profit of $24.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Four analysts surveyed by Zacks expected $329.9 million.

  • SYDNEY, Feb 22- Fed up with unpredictable and often exorbitant electricity prices, Sun Metals CEO Yun Birm Choi plans to invest A $183 million to build a massive solar farm to power his zinc refinery in the Australian outback. The decision by Sun Metals, owned by Korea Zinc Co, to turn to solar comes as Australia grapples with more frequent power failures and...