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Wires

  • COPENHAGEN, Denmark— A Swedish court has sentenced three men for participating in a gang rape that was streamed live on a closed Facebook group. The Uppsala District Court said one of the men was given a sentence of 27 months for rape and assistance to rape. Judge Nils Palbrandt said Tuesday the woman who was under influence of narcotics was not able to give her...

  • Coca-Cola also reported a smaller-than-expected quarterly profit, mainly due to higher costs related to refranchising its North America bottling operations. "We are not too worried about this quarter's miss," RBC Capital Markets analyst Nik Modi wrote in a note. The company is offloading much of its low-margin bottling business to cut costs amid falling...

  • WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported first-quarter net income of $62.5 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share. AK Steel shares have declined 30 percent since the beginning of the year.

  • LONDON, April 25- British lawmaker Andrew Tyrie, the chairman of parliament's Treasury Committee, said on Tuesday he would not stand in the June 8 national election. "After very careful thought, I have decided to stand down from parliament," Tyrie, a member of Prime Minister Theresa May's Conservative Party, saidin a statement. Under Tyrie's chairmanship, the...

  • LONDON, April 25- The founder of online encyclopaedia Wikipedia has announced plans for a crowd-funded news website offering stories by journalists and volunteers working together, an initiative he hopes will counter the spread of fake news. Jimmy Wales said the new platform, Wikitribune, would be free to read and carry no advertising, instead relying on...

  • OSLO, April 25- Norway's portion of the Barents Sea could contain twice as much undiscovered oil and gas as previously thought when a newly mapped area bordering Russia is included, raising the prospect of drilling in environmentally sensitive ice-covered waters. The Norwegian Barents Sea could hold 2.8 billion standard cubic meters oil equivalent,...

  • WARSAW, Ind. _ Lakeland Financial Corp. on Tuesday reported first-quarter profit of $14.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Lakeland Financial shares have decreased 6 percent since the beginning of the year.

  • MOSCOW— The Kremlin says Russia will supply electricity to separatist-controlled areas in eastern Ukraine after the Ukrainian government cut off the power because of unpaid bills. Boris Gryzlov, the Russian envoy mediating talks between Russia- backed separatists and the Ukrainian government, said Tuesday that the Russian government has decided to help...

  • TINTON FALLS, N.J. _ Two River Bancorp on Tuesday reported first-quarter earnings of $1.8 million. Two River Bancorp shares have climbed 28 percent since the beginning of the year. Keywords: Two River Bancorp, Earnings Report.

  • *Investors expected to favor U.S. over Europe in Q2. LONDON, April 25- Exchange-traded bond funds enjoyed record quarterly inflows in the first three months of 2017, attracting $44.5 billion, iShares, BlackRock's index-tracking fund group, said on Tuesday. Emerging market debt led the rise, with $15.6 billion of inflows, as demand recovered from the U.S. election...

  • Pulte's shares were down 2.9 percent at $22.40 in premarket trading on Tuesday. Wedbush Securities analyst Jay McCanless said slower-than-expected unit closing pace would come under focus in the post-earnings call, noting that first-quarter housing revenues and unit closing were below his forecast. Pulte, which mainly sells single-family homes, said the...

  • TORONTO, April 25- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, reported first-quarter results on Tuesday that reflected a months-long Indonesian export ban at its massive Grasberg mine, which clipped sales. Freeport, which resumed copper concentrate exports from Indonesia on April 21 after gaining a temporary permit, said...

  • EVANSVILLE, Ind. _ Old National Bancorp on Tuesday reported first-quarter earnings of $36 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Old National Bancorp shares have dropped roughly 4 percent since the beginning of the year.

  • April 25- McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions. Net income jumped 8 percent to $1.21 billion, or $1.47 per share, handily beating analysts' average estimate of $1.33, according to Thomson Reuters...

  • The oilfield services provider on Tuesday reported a bigger-than-expected loss and said growth in its well construction business onshore North America was more than offset by increased competition for pressure pumping services and reduced customer spending in the Gulf of Mexico. The Houston, Texas- based company, which is being acquired by General...

  • HOUSTON _ Allegiance Bancshares Inc. on Tuesday reported first-quarter net income of $6 million. Allegiance Bancshares shares have climbed nearly 3 percent since the beginning of the year. Keywords: Allegiance Bancshares, Earnings Report.

  • Economist Bibek Debroy, a member of the Policy Commission that serves as the government's own think-tank, told a news conference that farmers should pay income tax in line with urban dwellers. Debroy's remarks overshadowed a news conference held by the Policy Commission to mark the end of India's 12th, and last, five-year plan- a legacy of the Soviet-style...

  • "Lilly's new product launches, including Trulicity and Taltz, led the company to a strong quarter of volume-driven revenue growth," David Ricks, who took over as chief executive on Jan. 1, said in a statement. "We are encouraged by another solid performance from Lilly's overall diabetes franchise," Leerink Partners analyst Seamus Fernandez said in a note.

  • CHATTANOOGA, Tenn. _ Astec Industries Inc. on Tuesday reported first-quarter net income of $15.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Astec Industries shares have decreased 6 percent since the beginning of the year.

  • BELLEVUE, Wash. _ Paccar Inc. on Tuesday reported first-quarter net income of $310.3 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 88 cents per share. Paccar shares have climbed 6 percent since the beginning of the year, while the Standard&...