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  • PARIS, Feb 21- The head of aircraft leasing giant AerCap expressed confidence in overall airline demand despite a recent slowdown in the aerospace cycle on Tuesday, but questioned the durability of plans by Airbus and Boeing for increases in airplane output. Speaking after reporting stronger than expected fourth quarter earnings per share, chief executive...

  • CHICAGO, Feb 21- Wal-Mart Stores Inc on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to stores and accelerating online activity, and the world's largest retailer's shares rose more than 3 percent. Net income attributable to Wal-Mart fell to $3.76 billion in the fourth quarter ended Jan. 31 from $4.57 billion a year earlier,...

  • ROME— From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent. The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is halved from last fall. Wholesale prices of olive oil from Spain, the...

  • NEW YORK _ New Residential Investment Corp. on Tuesday reported fourth-quarter profit of $225.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. New Residential Investment shares have climbed almost 3 percent since the beginning of the year.

  • VIENNA— Austrian court approves U.S. extradition request for Ukrainian oligarch Dymitro Firtash.

  • *U.S. is Israel's largest trading partner by country. TEL AVIV, Feb 21- Investors are betting heavily that Israeli defense and cyber-security firms will reap a windfall from President Donald Trump's big U.S. spending plans, although likely benefits for the wider economy remain like the man himself- hard to predict. But in Israel, hopes are high for stronger...

  • "Political uncertainty could cause a significant rift in light vehicle sales both in the U.S. and Europe, as both regions are undergoing fluctuations in policy, leadership and other dynamics," said Henner Lehne, senior director, global vehicle group for IHS Markit. The business consultancy said new vehicle sales in China will rise 1.9 percent to 28.5 million; fall...

  • Feb 21- Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price. The deal will combine Yahoo's search, email and messenger assets as well as advertising technology tools with Verizon's AOL unit. Yahoo will continue to be...

  • MELVILLE, N.Y. _ Henry Schein Inc. on Tuesday reported fourth-quarter earnings of $139.2 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share. Eight analysts surveyed by Zacks expected $3.09 billion.

  • Macy's said on Tuesday it sold its Union Square Men's store building in San Francisco for $250 million. The owner of the Macy's and Bloomingdale's chains said net income attributable to its shareholders fell to $475 million, or $1.54 per share, in the fourth quarter ended Jan. 28, from $544 million, or $1.73 per share, a year earlier. Excluding items, the company...

  • SECAUCUS, N.J. _ Eros International PLC on Tuesday reported fiscal third-quarter net income of $8.2 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 14 cents per share. This story was generated by Automated Insights using data from Zacks...

  • NEW YORK— Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement announced Tuesday eases investor worries that Verizon Communications Inc. would demand a discount of at least $1...

  • *PSA CEO met with Opel labour chiefs, union reps on Monday. FRANKFURT/ PARIS, Feb 21- PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of jobs are eventually likely to go for the deal to work. General Motors has pledged not to impose forced redundancies on some of...

  • *PSA CEO met with Opel labor chiefs, union reps on Monday. FRANKFURT/ PARIS, Feb 21- PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of jobs are eventually likely to go for the deal to work. General Motors has pledged not to impose forced redundancies on some of...

  • ALBANY, N.Y. _ Albany Molecular Research Inc. on Tuesday reported a fourth-quarter loss of $15.4 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Albany Molecular Research shares have fallen roughly 1 percent since the...

  • ACCRA, Feb 21- Ghana's President Nana Akufo-Addo said in his first state of the nation address the economy was in a "bad way" but he would press ahead with a plan to create jobs, cut the budget deficit and improve sustainable agriculture. "The economy of our country is in a bad way," he said in a speech to parliament frequently interrupted by cheers from lawmakers from the...

  • ATHENS, Greece— Greece's government is calling on Germany to drop what it described as "irrational" budget demands in Greece's bailout program. Speaking a day after Greece and its European creditors agreed to resume talks on further reforms, government spokesman Dimitris Tzanakopoulos called Tuesday on Germany to ease demands for the country to post a 3.5...

  • CINCINNATI _ Macy's Inc. on Tuesday reported fiscal fourth-quarter net income of $475 million. Macy's expects full-year earnings in the range of $2.90 to $3.15 per share. Macy's shares have decreased roughly 10 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 5 percent.

  • CHARLOTTE, N.C. _ Sonic Automotive Inc. on Tuesday reported fourth-quarter earnings of $37.6 million. Sonic Automotive expects full-year earnings to be $2 to $2.10 per share. Sonic Automotive shares have increased roughly 4 percent since the beginning of the year.

  • PARIS/ SINGAPORE, Feb 21- Chicago soybean futures edged higher on Tuesday after a two-session slide, with heavy rain in major exporter Argentina bringing weather risks back into focus. Gains were limited by overall expectations for large soybean harvests in Argentina and Brazil, as well as a sharp rise in the dollar that makes U.S. grains more expensive overseas.