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Wires

  • COLORADO SPRINGS, Colo. _ The Spectranetics Corp. on Thursday reported a loss of $12.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share. Spectranetics expects a full-year loss of $1.43 to $1.31 per share, with revenue in the range of $293 million to $306 million.

  • SENNINGERBERG, Luxembourg _ Orion Engineered Carbons SA on Thursday reported fourth-quarter earnings of $20.1 million. The Senningerberg, Luxembourg- based company said it had profit of 33 cents per share. Orion Engineered Carbons shares have increased almost 9 percent since the beginning of the year.

  • DENVER _ RE/MAX Holdings Inc. on Thursday reported fourth-quarter profit of $3.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. For the current quarter ending in April, RE/MAX said it expects revenue in the range of $47 million to $48.5 million.

  • NEW YORK, Feb 23- The founder of what had been one of the largest online poker websites agreed on Thursday to confront U.S. charges stemming from a long-running criminal case targeting internet firms like his operating illegally in the United States. Tom, a citizen of Saint Kitts and Nevis who lived in Antigua, arrived in the United States voluntarily from...

  • OTTAWA/ BENGALURU, Feb 23- Low borrowing costs and hot demand in key urban centers will keep pushing Canadian house prices higher this year, a Reuters poll showed, pressuring policymakers to take further steps to rein in a market that more experts are calling a bubble. Most economists polled said there was a risk of a sharp correction in Toronto and Vancouver, two of...

  • Feb 23- The federally appointed board tasked with managing Puerto Rico's finances hired retired attorney Jaime A. El Koury, formerly of Cleary Gottlieb Steen& Hamilton, as its general counsel, it said on Thursday. El Koury retired from Cleary in 2014 and did not work on the Puerto Rico matter while at the firm, board spokesman Jose Cedeno said. Under a 2016 federal...

  • LIMA, Feb 23- Peru's economy likely grew by about 5 percent in January from the same month a year ago before slowing down for the following two months, the central bank's president, Julio Velarde, said on Thursday. Velarde did not mention what would drive growth in the first quarter. "Our forecast is 5 percent," Velarde told reporters when asked about the year-on-year...

  • CAMBRIDGE, Mass. _ Pegasystems Inc. on Thursday reported fourth-quarter profit of $8.7 million. Pegasystems expects full-year earnings to be $1 per share. Pegasystems shares have climbed 11 percent since the beginning of the year.

  • PORT WASHINGTON, N.Y. _ Cedar Realty Trust Inc. on Thursday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Port Washington, New York, said it had funds from operations of $12.1 million, or 14 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for...

  • Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds, and companies that pay big dividends. The Russell 2000 index of smaller-company stocks sank 9.23 points, or 0.7 percent, to 1,394.62. The S&P 500 is up 12.65 points, or 0.5 percent.

  • NEW YORK, Feb 23- Investors added cash to U.S.-based taxable bond funds for an eighth consecutive week, moving $4 billion into the funds, Lipper data showed on Thursday.

  • Trump says he wants to build up the U.S. nuclear arsenal to ensure it is at the "top of the pack," saying the United States has fallen behind in its atomic weapons capacity. Trump tells chief executives of major U.S. companies he plans to bring millions of jobs back to the United States, but offers no specific plan on how to reverse a decades-long decline in factory jobs.

  • HUNTINGTON BEACH, Calif. _ BJ's Restaurants Inc. on Thursday reported fourth-quarter net income of $12.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. BJ's Restaurants shares have fallen slightly more than 9 percent since the beginning of the year.

  • EWING, N.J. _ Universal Display Corp. on Thursday reported fourth-quarter profit of $25.8 million. Universal Display expects full-year revenue in the range of $230 million to $250 million. Universal Display shares have climbed 20 percent since the beginning of the year.

  • WASHINGTON, Feb 23- The Financial Stability Oversight Council, made up of the heads of the U.S. financial regulatory agencies, will meet on March 2, according to a notice from the Treasury Department on Thursday. The preliminary agenda for the first FSOC meeting called by newly confirmed Treasury Secretary Steve Mnuchin includes "an update on the annual...

  • SUGAR LAND, Texas _ Applied Optoelectronics Inc. on Thursday reported fourth-quarter net income of $14.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. For the current quarter ending in April, Applied Optoelectronics expects its per-share earnings to range from 80 cents to 88...

  • ONTARIO CANADA, Ontario _ Imax Corp. on Thursday reported fourth-quarter earnings of $8.9 million. On a per-share basis, the Ontario Canada, Ontario- based company said it had profit of 13 cents. Imax shares have decreased almost 1 percent since the beginning of the year.

  • HPE said it expected full-year adjusted profit of between $1.88- $1.98 per share, down from $2- $2.10 it forecast earlier. The Palo Alto, California- based company, which has been struggling with sluggish demand for its servers and storage equipment, forecast current-quarter adjusted profit in the range of 41 cents- 45 cents per share. Revenue from its enterprise...

  • EL PASO, Texas— Mexican and U.S. trade industry leaders have gathered in El Paso to discuss business in the era of U.S. Many at Mexico Now's Manufacturing Supply Chain Summit agreed Thursday that the 23- year-old NAFTA trade agreement between the U.S., Mexico and Canada will be renegotiated. But they say there's been a growing misconception that Mexico has taken...

  • Not only has the world changed, but the occupant of the White House has changed, and that will change, perhaps substantially, the lineup and outlook of the Federal Reserve. Whats more there was little by way of discussion about the $4.5 trillion balance sheet of bonds the Fed purchased to influence the level of interest rates, credit availability and longer-term...