Wires

  • The company, which sells employer-based insurance as well as Medicare and Medicaid, said net earnings attributable rose to $1.90 billion, or $1.96 per share, in the fourth quarter ended Dec. 31, from $1.22 billion or $1.26 per share, a year earlier. Excluding items, the company earned $2.11 per share, ahead of analysts' average estimate of $2.07, according to Thomson...

  • NEW YORK— Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. Wal-Mart Stores Inc. says there will be 59 new, expanded and relocated Walmart and Sam's Clubs facilities. The chain is planning $6.8 billion in capital investments in the U.S. in the coming fiscal year, which starts on Feb. 1.

  • *Silver hits over 1- mth high of $17. LONDON, Jan 17- Gold jumped more than 1 percent to its highest in nearly eight weeks on Tuesday, as excerpts of a speech to be given later by Britain's prime minister pointed to a definitive exit from the European Union. Spot gold rose 1.1 percent to $1,216.11 per ounce by 1054 GMT, near highs last seen on Nov. 23.

  • *Foreign-invested firms to be allowed to list in mainland China. BEIJING, Jan 17- China's State Council, the country's Cabinet, issued on Tuesday new measures to further open the world's second-largest economy to foreign investment, including easing restrictions on investment in banks and other financial institutions. The move comes as President Xi Jinping...

  • LONDON _ Markit Ltd. on Tuesday reported fiscal fourth-quarter net income of $89.3 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Markit expects full-year earnings in the range of $2.02 to $2.08 per share, with revenue in the range of $3.49 billion to $3.56 billion.

  • GRAND RAPIDS, Mich. _ Mercantile Bank Corp. on Tuesday reported fourth-quarter net income of $8.1 million. The holding company for Mercantile Bank of Michigan posted revenue of $34.3 million in the period. Mercantile Bank shares have decreased slightly more than 3 percent since the beginning of the year.

  • LITTLE ROCK, Ark. _ Bank of the Ozarks Inc. on Tuesday reported fourth-quarter net income of $87.8 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Bank of the Ozarks shares have risen almost 2 percent since the beginning of the year.

  • DAVOS, Switzerland, Jan 17- China will not devalue its yuan, also known as the renminbi, or start a trade war, President Xi Jinping said on Tuesday. Xi told the World Economic Forum in Davos, Switzerland, that China stood for open, transparent and win-win trade agreements, and called on other countries not to blame others when tackling "difficulties".

  • LONDON, Jan 17- Worries over Donald Trump's economic policies and the potential for U.S. policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further. Bank of America Merrill Lynch's monthly fund manager survey for January also...

  • *Change could help Iran boost exports further. TOKYO/ SINGAPORE, Jan 17- Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said. That will provide a boon to Iran, which is trying to raise...

  • *Cost pressures to have modest impact on margins in short term. LONDON, Jan 17- British baker Greggs said industry-wide cost pressures meant price rises in the market were inevitable this year and would dent its margins, although it would fight to keep the price advantage that helped it to a strong fourth quarter. Greggs, which is transforming itself from a...

  • SAN FRANCISCO— After a relative suffered a heart attack a few years ago, Silicon Valley entrepreneur Adrian Aoun got an unsettling look at a health-care system that he diagnosed as an inefficient and outdated mess. Now he believes he has a remedy. It's called Forward, a health-management service that charges a $149 per month— roughly $1,800 a year— to tend to all of...

  • President-elect Donald Trump wanted to praise his daughter on Twitter— instead he has accidentally sent his message to another Ivanka. Trump retweeted a message from a Twitter user that said his daughter was "great, a woman with real character and class." But the user tagged the wrong Ivanka, a mistake repeated by Trump— and the message was directed to a woman named...

  • **Germany's Lufthansa and Etihad Airways are in talks to possibly merge the two airlines, Italian daily Il Messaggero said in an unsourced report. **Portag3 Ventures, a financial technology fund backed by Canada's Power Financial Corp, has invested an undisclosed amount in finance startup Street Contxt, Portag3's president said in an interview on Monday.

  • HONG KONG, Jan 17- Hong Kong's securities regulator has filed a suit against Standard Chartered Plc, UBS Group AG and four other parties over the 2009 IPO of timber company China Forestry Holdings Co Ltd, according to court documents. The Securities and Futures Commission is seeking unspecified damages for "market misconduct" over the IPO prospectus of China...

  • *Sentiment lifted by improved situation in Europe. BERLIN, Jan 17- The mood among German analysts and investors improved slightly in January, with rising expectations "a leap of faith for 2017" after a stronger-than-expected economic performance by Germany last year, the ZEW economic institute said on Tuesday. "The slight increase of the ZEW indicator of...

  • MINNEAPOLIS _ UnitedHealth Group Inc. on Tuesday reported fourth-quarter net income of $1.9 billion. UnitedHealth expects full-year earnings in the range of $9.30 to $9.60 per share, with revenue in the range of $197 billion to $199 billion. UnitedHealth shares have climbed 1 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • The company's net earnings attributable rose to $1.90 billion, or $1.96 per share, in the fourth quarter ended Dec. 31, from $1.22 billion or $1.26 per share, a year earlier. Total revenue rose to $47.52 billion from $43.60 billion. UnitedHealth's results land at a time when the Republican-led Congress, pushed by President-elect Donald Trump, is moving quickly to...

  • *Sales rise at overseas markets such as Iran, Indiaindia. PARIS, Jan 17- French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as India and Iran, and it expected more progress this year. Renault's figures painted a similar picture to that of rival PSA which last week also reported higher sales, with the...

  • LONDON— Jet engine maker Rolls Royce has agreed to pay 671 million pounds to settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil. The scandal involved intermediaries in overseas markets including Indonesia and China. But Transparency International's U.K. executive director Robert Barrington says individuals...